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Provident Financial Services
PFS

165 hedge funds and large institutions have $648M invested in Provident Financial Services in 2020 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 56 increasing their positions, 49 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

417% more call options, than puts

Call options by funds: $895K | Put options by funds: $173K

107% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 15

14% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 49

14% more capital invested

Capital invested by funds: $570M → $648M (+$78.6M)

11% more funds holding

Funds holding: 149 → 165 (+16)

0.97% more ownership

Funds ownership: 67.02% → 67.99% (+0.97%)

Holders
165
Holders Change
+16
Holders Change %
+10.74%
% of All Funds
3.38%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
31
Increased
56
Reduced
49
Closed
15
Calls
$895K
Puts
$173K
Net Calls
+$722K
Net Calls Change
+$82K

Top Buyers

1
ProShare Advisors
ProShare Advisors
Maryland
+$7.02M
2
JAM
Jacobs Asset Management
New York
+$6.51M
3
WHG
Westwood Holdings Group
Texas
+$4.87M
4
MSL
Mackay Shields LLC
New York
+$2.46M
5
JP Morgan Chase
JP Morgan Chase
New York
+$2.04M

Top Sellers

1
Invesco
Invesco
Georgia
-$12.6M
2
Goldman Sachs
Goldman Sachs
New York
-$4.2M
3
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$3.66M
4
Renaissance Technologies
Renaissance Technologies
New York
-$3.41M
5
Victory Capital Management
Victory Capital Management
Texas
-$2.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
AIG
76
American International Group
New York
$621K +$14.2K +1,060 +3%
VOYA Investment Management
77
VOYA Investment Management
Georgia
$616K -$132K -9,872 -19%
AG
78
Aperio Group
California
$609K +$4.97K +372 +0.9%
Royal Bank of Canada
79
Royal Bank of Canada
Ontario, Canada
$574K +$44.4K +3,324 +9%
Ohio Public Employees Retirement System (OPERS)
80
Ohio Public Employees Retirement System (OPERS)
Ohio
$560K +$490K +36,670 +1,731%
Commonwealth Equity Services
81
Commonwealth Equity Services
Massachusetts
$559K +$94 +7 +0%
PNC Financial Services Group
82
PNC Financial Services Group
Pennsylvania
$543K +$61.4K +4,592 +14%
SG Americas Securities
83
SG Americas Securities
New York
$535K +$215K +16,077 +77%
SCP
84
Seizert Capital Partners
Michigan
$533K +$493K +36,857 New
T. Rowe Price Associates
85
T. Rowe Price Associates
Maryland
$517K -$30.1K -2,254 -6%
Manulife (Manufacturers Life Insurance)
86
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$511K -$3.66M -274,013 -88%
TCOV
87
Trust Company of Vermont
Vermont
$511K – – –
SM
88
Salzhauer Michael
$509K +$471K +35,244 New
Bessemer Group
89
Bessemer Group
New Jersey
$503K -$301K -22,500 -39%
COPPSERS
90
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$436K -$294 -22 -0.1%
AA
91
ALPS Advisors
Colorado
$434K +$401K +30,033 New
JMPWA
92
JP Morgan Private Wealth Advisors
California
$428K +$396K +29,604 New
CSS
93
Cubist Systematic Strategies
Connecticut
$406K -$69.8K -5,224 -16%
Citigroup
94
Citigroup
New York
$404K +$111K +8,332 +42%
MIM
95
MetLife Investment Management
New Jersey
$403K – – –
Jacobs Levy Equity Management
96
Jacobs Levy Equity Management
New Jersey
$395K +$365K +27,324 New
VNA
97
Valley National Advisers
Pennsylvania
$382K -$84.8K -6,345 -19%
CANY
98
Caxton Associates (New York)
New York
$371K +$24.4K +1,829 +8%
OPERF
99
Oregon Public Employees Retirement Fund
Oregon
$356K – – –
Stifel Financial
100
Stifel Financial
Missouri
$350K -$1.02K -76 -0.3%
2 3
4
5 6

PFS Hedge Fund Activity: Q2 2020 in Review

165 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q2 2020, worth a combined $648M — up 14% from $570M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new PFS positions and 15 closed out — a net gain of 16 holders — while 56 added to existing stakes and 49 trimmed.

The largest buyer was ProShare Advisors, opening a new position worth an estimated $7.02M. The largest seller was Invesco, cutting an estimated $12.6M.

  • 165 institutional investors held Provident Financial Services (PFS) as of Q2 2020, up from 149 in Q1 2020.
  • Funds reported $648M of Provident Financial Services stock for Q2 2020, up 14% quarter-over-quarter.
  • 31 funds opened new Provident Financial Services positions in Q2 2020 and 15 closed out, a net change of +16 holders.
  • The largest Provident Financial Services buyer in Q2 2020 was ProShare Advisors, an estimated $7.02M added.
  • The largest Provident Financial Services seller in Q2 2020 was Invesco, an estimated $12.6M sold.

Based on aggregated 13F filings for Q2 2020.