Provident Financial Services
151 hedge funds and large institutions have $826M invested in Provident Financial Services in 2016 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 61 increasing their positions, 44 reducing their positions, and 19 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 44
0.8% less ownership
Funds ownership: 63.52% → 62.72% (-0.8%)
2% less capital invested
Capital invested by funds: $839M → $826M (-$13M)
4% less funds holding
Funds holding: 157 → 151 (-6)
26% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
+$8.8M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.95M |
| 3 |
Jennison Associates
New York
|
+$3.33M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$2.23M |
| 5 |
Goldman Sachs
New York
|
+$2.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$17M |
| 2 |
KAM
Keeley Asset Management
Chicago,
Illinois
|
-$7.16M |
| 3 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$6.8M |
| 4 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$5.61M |
| 5 |
KTC
Kistler-Tiffany Companies
Berwyn,
Pennsylvania
|
-$2.49M |
PFS Hedge Fund Activity: Q1 2016 in Review
151 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q1 2016, worth a combined $826M — down 1.5% from $839M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of PFS and 14 opened new positions — a net loss of 5 holders — while 44 trimmed existing stakes and 61 added.
The largest buyer was Allianz Asset Management, opening a new position worth an estimated $8.8M. The largest seller was DePrince Race & Zollo Inc (DRZ), exiting entirely with an estimated $17M sold.
- 151 institutional investors held Provident Financial Services (PFS) as of Q1 2016, down from 157 in Q4 2015.
- Funds reported $826M of Provident Financial Services stock for Q1 2016, down 1.5% quarter-over-quarter.
- 14 funds opened new Provident Financial Services positions in Q1 2016 and 19 closed out, a net change of -5 holders.
- The largest Provident Financial Services buyer in Q1 2016 was Allianz Asset Management, an estimated $8.8M added.
- The largest Provident Financial Services seller in Q1 2016 was DePrince Race & Zollo Inc (DRZ), an estimated $17M sold.
Based on aggregated 13F filings for Q1 2016.