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Provident Financial Services

188 hedge funds and large institutions have $904M invested in Provident Financial Services in 2023 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 59 increasing their positions, 70 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.31% more ownership

Funds ownership: 71.86%73.17% (+1.3%)

4% less funds holding

Funds holding: 196188 (-8)

13% less capital invested

Capital invested by funds: $1.04B → $904M (-$133M)

16% less repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 70

26% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 31

29% less call options, than puts

Call options by funds: $144K | Put options by funds: $203K

Holders
188
Holders Change
-8
Holders Change %
-4.08%
% of All Funds
2.95%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
23
Increased
59
Reduced
70
Closed
31
Calls
$144K
Puts
$203K
Net Calls
-$59K
Net Calls Change
-$359K
Name Holding Trade Value Shares
Change
Change in
Stake
SOADOR
76
State of Alaska Department of Revenue
Alaska
$811K -$31.2K -1,835 -4%
CM
77
Capula Management
Cayman Islands
$803K +$836K +49,167 New
CAM
78
Cresset Asset Management
Illinois
$787K +$819K +48,181 New
EM
79
ELCO Management
New York
$748K -$4.41K -259 -0.6%
Stifel Financial
80
Stifel Financial
Missouri
$738K -$73.4K -4,319 -9%
Susquehanna International Group
81
Susquehanna International Group
Pennsylvania
$732K -$8.01K -471 -1%
Wells Fargo
82
Wells Fargo
California
$690K +$193K +11,345 +37%
YCM
83
Yousif Capital Management
Michigan
$657K -$38.4K -2,259 -5%
LSERS
84
Louisiana State Employees Retirement System
Louisiana
$647K +$76.5K +4,500 +13%
AIG
85
American International Group
New York
$646K -$8.44K -496 -1%
MIM
86
MetLife Investment Management
New Jersey
$644K +$22.6K +1,330 +3%
BNP Paribas Financial Markets
87
BNP Paribas Financial Markets
France
$641K -$208K -12,225 -24%
Royal Bank of Canada
88
Royal Bank of Canada
Ontario, Canada
$592K -$60.5K -3,558 -9%
SM
89
Salzhauer Michael
$584K -$170K -10,000 -22%
Deutsche Bank
90
Deutsche Bank
Germany
$571K -$311K -18,286 -34%
PFMU
91
Privium Fund Management (UK)
United Kingdom
$555K +$566K +33,276 New
UBS Group
92
UBS Group
Switzerland
$552K -$301K -17,722 -34%
AIA
93
Affinity Investment Advisors
California
$548K -$107K -6,291 -16%
Mirae Asset Global Investments
94
Mirae Asset Global Investments
South Korea
$521K
SSA
95
Schonfeld Strategic Advisors
New York
$510K +$531K +31,207 New
GCL
96
Glazer Capital LLC
New York
$499K +$519K +30,536 New
New York State Common Retirement Fund
97
New York State Common Retirement Fund
New York
$494K -$440K -25,850 -46%
AB
98
Amalgamated Bank
New York
$492K -$21.4K -1,261 -4%
MSRPS
99
Maryland State Retirement & Pension System
Maryland
$480K -$15.5K -909 -3%
SIA
100
Sit Investment Associates
Minnesota
$478K

PFS Hedge Fund Activity: Q2 2023 in Review

188 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q2 2023, worth a combined $904M — down 13% from $1.04B a quarter earlier.

Sellers outnumbered buyers: 31 funds closed out of PFS and 23 opened new positions — a net loss of 8 holders — while 70 trimmed existing stakes and 59 added.

The largest buyer was Millennium Management, adding an estimated $19.1M. The largest seller was Janus Henderson Group, cutting an estimated $7.85M.

  • 188 institutional investors held Provident Financial Services (PFS) as of Q2 2023, down from 196 in Q1 2023.
  • Funds reported $904M of Provident Financial Services stock for Q2 2023, down 13% quarter-over-quarter.
  • 23 funds opened new Provident Financial Services positions in Q2 2023 and 31 closed out, a net change of -8 holders.
  • The largest Provident Financial Services buyer in Q2 2023 was Millennium Management, an estimated $19.1M added.
  • The largest Provident Financial Services seller in Q2 2023 was Janus Henderson Group, an estimated $7.85M sold.

Based on aggregated 13F filings for Q2 2023.