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Provident Financial Services
PFS

154 hedge funds and large institutions have $1.06B invested in Provident Financial Services in 2017 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 55 increasing their positions, 53 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 53

4% less capital invested

Capital invested by funds: $1.1B → $1.06B (-$44.6M)

1.68% less ownership

Funds ownership: 64.07% → 62.39% (-1.7%)

3% less funds holding

Funds holding: 159 → 154 (-5)

25% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 16

Holders
154
Holders Change
-5
Holders Change %
-3.14%
% of All Funds
3.84%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
55
Reduced
53
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AAM
Aberdeen Asset Management
United Kingdom
+$4.67M
2
Northern Trust
Northern Trust
Illinois
+$3.3M
3
MCA
Mendon Capital Advisors
Florida
+$3.1M
4
Wellington Management Group
Wellington Management Group
Massachusetts
+$2.35M
5
Deutsche Bank
Deutsche Bank
Germany
+$2.08M

Top Sellers

1
Principal Financial Group
Principal Financial Group
Iowa
-$17.3M
2
BCM
Bridgeway Capital Management
Texas
-$2.81M
3
Russell Investments Group
Russell Investments Group
United Kingdom
-$2.7M
4
JP Morgan Chase
JP Morgan Chase
New York
-$2.59M
5
KTA
Keeley-Teton Advisors
Illinois
-$2.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
GT
76
Glenmede Trust
Pennsylvania
$805K – – –
Victory Capital Management
77
Victory Capital Management
Texas
$803K +$58.7K +2,364 +8%
ASRS
78
Arizona State Retirement System
Arizona
$802K +$2.48K +100 +0.3%
Public Sector Pension Investment Board (PSP Investments)
79
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$792K -$288K -11,600 -27%
USAA
80
United Services Automobile Association
Texas
$781K – – –
MAP
81
Moody Aldrich Partners
Massachusetts
$719K +$193K +7,755 +38%
New York State Teachers Retirement System (NYSTRS)
82
New York State Teachers Retirement System (NYSTRS)
New York
$709K – – –
HHC
83
Hutchin Hill Capital
New York
$693K +$139K +5,600 +26%
GCP
84
GSA Capital Partners
United Kingdom
$690K +$675K +27,176 New
PNC Financial Services Group
85
PNC Financial Services Group
Pennsylvania
$635K +$1.17K +47 +0.2%
LSERS
86
Louisiana State Employees Retirement System
Louisiana
$627K +$2.48K +100 +0.4%
CONA
87
Capital One National Association
New York
$620K -$298 -12 -0%
SCM
88
Sterling Capital Management
North Carolina
$593K +$580K +23,349 New
Public Employees Retirement Association of Colorado
89
Public Employees Retirement Association of Colorado
Colorado
$592K – – –
AIMCA
90
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$591K -$238K -9,600 -29%
Jacobs Levy Equity Management
91
Jacobs Levy Equity Management
New Jersey
$580K -$683K -27,500 -55%
BNP Paribas Financial Markets
92
BNP Paribas Financial Markets
France
$561K +$199K +8,003 +57%
BAM
93
Berkshire Asset Management
Pennsylvania
$526K – – –
TRSOTSOK
94
Teachers Retirement System of the State of Kentucky
Kentucky
$520K – – –
RJA
95
Raymond James & Associates
Florida
$508K -$109K -4,376 -18%
Los Angeles Capital Management
96
Los Angeles Capital Management
California
$498K – – –
T. Rowe Price Associates
97
T. Rowe Price Associates
Maryland
$497K +$99 +4 +0%
HCM
98
Highlander Capital Management
New Jersey
$484K -$25 -1 -0%
AW
99
Alpha Windward
Massachusetts
$481K +$20.9K +840 +5%
PTC
100
Philadelphia Trust Company
Pennsylvania
$414K – – –
2 3
4
5 6

PFS Hedge Fund Activity: Q2 2017 in Review

154 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q2 2017, worth a combined $1.06B — down 4.1% from $1.1B a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of PFS and 12 opened new positions — a net loss of 4 holders — while 53 trimmed existing stakes and 55 added.

The largest buyer was Aberdeen Asset Management, opening a new position worth an estimated $4.67M. The largest seller was Principal Financial Group, cutting an estimated $17.3M.

  • 154 institutional investors held Provident Financial Services (PFS) as of Q2 2017, down from 159 in Q1 2017.
  • Funds reported $1.06B of Provident Financial Services stock for Q2 2017, down 4.1% quarter-over-quarter.
  • 12 funds opened new Provident Financial Services positions in Q2 2017 and 16 closed out, a net change of -4 holders.
  • The largest Provident Financial Services buyer in Q2 2017 was Aberdeen Asset Management, an estimated $4.67M added.
  • The largest Provident Financial Services seller in Q2 2017 was Principal Financial Group, an estimated $17.3M sold.

Based on aggregated 13F filings for Q2 2017.