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Provident Financial Services
PFS

173 hedge funds and large institutions have $867M invested in Provident Financial Services in 2020 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 54 increasing their positions, 62 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

47% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 17

43% more capital invested

Capital invested by funds: $606M → $867M (+$260M)

5% more funds holding

Funds holding: 165 → 173 (+8)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.34% less ownership

Funds ownership: 63.03% → 61.69% (-1.3%)

13% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 62

86% less call options, than puts

Call options by funds: $28K | Put options by funds: $206K

Holders
173
Holders Change
+8
Holders Change %
+4.85%
% of All Funds
3.06%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
25
Increased
54
Reduced
62
Closed
17
Calls
$28K
Puts
$206K
Net Calls
-$178K
Net Calls Change
+$1.24M

Top Buyers

Rank Fund Capital Flow
1
Principal Financial Group
Principal Financial Group
Iowa
+$13.4M
2
VOYA Investment Management
VOYA Investment Management
Georgia
+$8.97M
3
Invesco
Invesco
Georgia
+$5.56M
4
BlackRock
BlackRock
New York
+$4.48M
5
Morgan Stanley
Morgan Stanley
New York
+$3.71M

Top Sellers

Rank Fund Capital Flow
1
Northern Trust
Northern Trust
Illinois
-$28.8M
2
Goldman Sachs
Goldman Sachs
New York
-$7.92M
3
JAM
Jacobs Asset Management
New York
-$5.68M
4
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$4.18M
5
Citadel Advisors
Citadel Advisors
Florida
-$2.41M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
76
Royal Bank of Canada
Ontario, Canada
$832K -$102K -6,674 -13%
SG Americas Securities
77
SG Americas Securities
New York
$803K +$681K +44,692 New
Manulife (Manufacturers Life Insurance)
78
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$757K +$38.2K +2,508 +6%
T. Rowe Price Associates
79
T. Rowe Price Associates
Maryland
$681K +$102K +6,700 +21%
TCOV
80
Trust Company of Vermont
Vermont
$635K – – –
Envestnet Asset Management
81
Envestnet Asset Management
Illinois
$620K +$281K +18,419 +114%
LSERS
82
Louisiana State Employees Retirement System
Louisiana
$603K -$4.57K -300 -0.9%
MIM
83
MetLife Investment Management
New Jersey
$586K – – –
SO
84
STRS Ohio
Ohio
$578K – – –
JMPWA
85
JP Morgan Private Wealth Advisors
California
$570K +$44.2K +2,897 +10%
AIM
86
Aigen Investment Management
New York
$544K -$9.89K -649 -2%
Acadian Asset Management
87
Acadian Asset Management
Massachusetts
$537K -$4.18M -274,308 -90%
OPERF
88
Oregon Public Employees Retirement Fund
Oregon
$531K +$15.8K +1,040 +4%
VNA
89
Valley National Advisers
Pennsylvania
$527K +$46.2K +3,033 +12%
RJA
90
Raymond James & Associates
Florida
$526K -$11.6K -761 -3%
KBG
91
Kahn Brothers Group
New York
$493K – – –
MSA
92
Mason Street Advisors
Wisconsin
$488K -$4.02K -264 -1%
Susquehanna International Group
93
Susquehanna International Group
Pennsylvania
$462K -$67.3K -4,416 -15%
New York State Teachers Retirement System (NYSTRS)
94
New York State Teachers Retirement System (NYSTRS)
New York
$452K – – –
QCM
95
Quantinno Capital Management
New York
$419K +$355K +23,308 New
AA
96
ALPS Advisors
Colorado
$415K -$39.1K -2,568 -10%
QI
97
QS Investors
New York
$410K -$18.1K -1,189 -5%
MLICM
98
Metropolitan Life Insurance Company (MetLife)
New York
$407K – – –
State of Tennessee, Department of Treasury
99
State of Tennessee, Department of Treasury
Tennessee
$395K +$29.7K +1,946 +10%
Citadel Advisors
100
Citadel Advisors
Florida
$390K -$2.41M -158,068 -88%
2 3
4
5 6

PFS Hedge Fund Activity: Q4 2020 in Review

173 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q4 2020, worth a combined $867M — up 43% from $606M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new PFS positions and 17 closed out — a net gain of 8 holders — while 54 added to existing stakes and 62 trimmed.

The largest buyer was Principal Financial Group, adding an estimated $13.4M. The largest seller was Northern Trust, cutting an estimated $28.8M.

  • 173 institutional investors held Provident Financial Services (PFS) as of Q4 2020, up from 165 in Q3 2020.
  • Funds reported $867M of Provident Financial Services stock for Q4 2020, up 43% quarter-over-quarter.
  • 25 funds opened new Provident Financial Services positions in Q4 2020 and 17 closed out, a net change of +8 holders.
  • The largest Provident Financial Services buyer in Q4 2020 was Principal Financial Group, an estimated $13.4M added.
  • The largest Provident Financial Services seller in Q4 2020 was Northern Trust, an estimated $28.8M sold.

Based on aggregated 13F filings for Q4 2020.