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Provident Financial Services
PFS

206 hedge funds and large institutions have $805M invested in Provident Financial Services in 2024 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 70 increasing their positions, 67 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

982% more call options, than puts

Call options by funds: $411K | Put options by funds: $38K

57% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 23

7% more funds holding

Funds holding: 193 → 206 (+13)

4% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 67

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.11% less ownership

Funds ownership: 74.08% → 72.98% (-1.1%)

20% less capital invested

Capital invested by funds: $1.01B → $805M (-$205M)

Holders
206
Holders Change
+13
Holders Change %
+6.74%
% of All Funds
2.97%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
36
Increased
70
Reduced
67
Closed
23
Calls
$411K
Puts
$38K
Net Calls
+$373K
Net Calls Change
+$477K

Top Buyers

1
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$9.91M
2
CSS
Cubist Systematic Strategies
Connecticut
+$4.44M
3
AQR Capital Management
AQR Capital Management
Connecticut
+$4.33M
4
Two Sigma Investments
Two Sigma Investments
New York
+$4.07M
5
Voloridge Investment Management
Voloridge Investment Management
Florida
+$3.78M

Top Sellers

1
WHG
Westwood Holdings Group
Texas
-$28.1M
2
Morgan Stanley
Morgan Stanley
New York
-$17M
3
N
Nuveen
North Carolina
-$6.6M
4
Victory Capital Management
Victory Capital Management
Texas
-$5.56M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$4.41M
Name Holding Trade Value Shares
Change 		Change in
Stake
Creative Planning
76
Creative Planning
Kansas
$812K +$6.72K +423 +0.8%
Stifel Financial
77
Stifel Financial
Missouri
$682K +$109K +6,853 +17%
Bank of Montreal
78
Bank of Montreal
Ontario, Canada
$682K +$744K +46,816 New
SOADOR
79
State of Alaska Department of Revenue
Alaska
$670K -$7.21K -454 -1%
ACM
80
Aquatic Capital Management
Illinois
$663K +$586K +36,900 +429%
IMRF
81
Illinois Municipal Retirement Fund
Illinois
$640K +$26K +1,637 +4%
Mirae Asset Global Investments
82
Mirae Asset Global Investments
South Korea
$621K – – –
Commonwealth Equity Services
83
Commonwealth Equity Services
Massachusetts
$620K -$68.2K -4,293 -9%
EM
84
ELCO Management
New York
$614K +$47.2K +2,969 +8%
YIH
85
Y-Intercept (HK)
Hong Kong
$613K +$669K +42,088 New
CCIA
86
Campbell & Co Investment Adviser
Maryland
$609K +$277K +17,453 +72%
Janus Henderson Group
87
Janus Henderson Group
United Kingdom
$592K +$16 +1 +0%
PAS
88
Point72 Asia (Singapore)
Singapore
$590K +$76.1K +4,787 +13%
Susquehanna International Group
89
Susquehanna International Group
Pennsylvania
$584K -$375K -23,569 -37%
AIG
90
American International Group
New York
$579K -$5.63K -354 -0.9%
MIM
91
MetLife Investment Management
New Jersey
$555K – – –
LSERS
92
Louisiana State Employees Retirement System
Louisiana
$545K -$6.36K -400 -1%
SG Americas Securities
93
SG Americas Securities
New York
$544K +$593K +37,322 New
BNP Paribas Financial Markets
94
BNP Paribas Financial Markets
France
$534K +$246K +15,498 +73%
Deutsche Bank
95
Deutsche Bank
Germany
$532K +$2.57K +162 +0.4%
Manulife (Manufacturers Life Insurance)
96
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$515K -$11.9K -750 -2%
SM
97
Salzhauer Michael
$506K – – –
Franklin Resources
98
Franklin Resources
California
$504K -$230K -14,484 -30%
YCM
99
Yousif Capital Management
Michigan
$498K -$50.7K -3,190 -9%
Wells Fargo
100
Wells Fargo
California
$479K +$43.8K +2,757 +9%
2 3
4
5 6

PFS Hedge Fund Activity: Q1 2024 in Review

206 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q1 2024, worth a combined $805M — down 20% from $1.01B a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new PFS positions and 23 closed out — a net gain of 13 holders — while 70 added to existing stakes and 67 trimmed.

The largest buyer was Balyasny Asset Management, opening a new position worth an estimated $9.91M. The largest seller was Westwood Holdings Group, cutting an estimated $28.1M.

  • 206 institutional investors held Provident Financial Services (PFS) as of Q1 2024, up from 193 in Q4 2023.
  • Funds reported $805M of Provident Financial Services stock for Q1 2024, down 20% quarter-over-quarter.
  • 36 funds opened new Provident Financial Services positions in Q1 2024 and 23 closed out, a net change of +13 holders.
  • The largest Provident Financial Services buyer in Q1 2024 was Balyasny Asset Management, an estimated $9.91M added.
  • The largest Provident Financial Services seller in Q1 2024 was Westwood Holdings Group, an estimated $28.1M sold.

Based on aggregated 13F filings for Q1 2024.