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Provident Financial Services
PFS

130 hedge funds and large institutions have $714M invested in Provident Financial Services in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 50 increasing their positions, 46 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

19% more capital invested

Capital invested by funds: $598M → $714M (+$115M)

4% more funds holding

Funds holding: 125 → 130 (+5)

9% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 46

0.05% more ownership

Funds ownership: 61.72% → 61.77% (+0.05%)

Holders
130
Holders Change
+5
Holders Change %
+4%
% of All Funds
3.77%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
50
Reduced
46
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$7.83M
2
TA
Teachers Advisors
New York
+$3.8M
3
HAI
Hennessy Advisors Inc
California
+$3.04M
4
Goldman Sachs
Goldman Sachs
New York
+$2.76M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$2.35M

Top Sellers

1
BA
BlackRock Advisors
Delaware
-$10.7M
2
PIM
Perkins Investment Management
Illinois
-$6.23M
3
Deutsche Bank
Deutsche Bank
Germany
-$3.59M
4
KCM
Kennedy Capital Management
Missouri
-$2.23M
5
Renaissance Technologies
Renaissance Technologies
New York
-$2.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC Financial Services Group
101
PNC Financial Services Group
Pennsylvania
$304K – – –
Susquehanna International Group
102
Susquehanna International Group
Pennsylvania
$294K +$280K +15,199 New
HI
103
HBK Investments
Texas
$294K +$280K +15,200 New
HCM
104
Highlander Capital Management
New Jersey
$293K +$24.2K +1,314 +9%
Two Sigma Advisers
105
Two Sigma Advisers
New York
$284K -$9.2K -500 -3%
MC
106
Menta Capital
California
$284K +$69.9K +3,800 +35%
PI
107
PineBridge Investments
New York
$282K +$158K +8,600 +143%
Royal Bank of Canada
108
Royal Bank of Canada
Ontario, Canada
$264K -$673K -36,554 -73%
SG Americas Securities
109
SG Americas Securities
New York
$253K -$136K -7,384 -36%
CCM
110
Condor Capital Management
New Jersey
$235K – – –
PAM
111
Panagora Asset Management
Massachusetts
$224K +$65.8K +3,574 +44%
DC
112
Deere & Company
Illinois
$200K – – –
Nisa Investment Advisors
113
Nisa Investment Advisors
Missouri
$193K +$184K +10,000 New
MSA
114
Mason Street Advisors
Wisconsin
$164K +$11.9K +646 +8%
Ohio Public Employees Retirement System (OPERS)
115
Ohio Public Employees Retirement System (OPERS)
Ohio
$141K +$61.5K +3,339 +85%
STC
116
SEI Trust Company
Pennsylvania
$128K +$14.7K +800 +14%
OA
117
OFI Advisors
Pennsylvania
$125K +$9.63K +523 +9%
MFS
118
MSI Financial Services
Massachusetts
$118K +$865 +47 +0.8%
First Manhattan
119
First Manhattan
New York
$87K – – –
KBC Group
120
KBC Group
Belgium
$56K – – –
Canada Life
121
Canada Life
Manitoba, Canada
$55K +$51.9K +2,820 New
Teacher Retirement System of Texas
122
Teacher Retirement System of Texas
Texas
$39K -$91.8K -4,987 -71%
BlackRock
123
BlackRock
New York
$39K – – –
MWP
124
MYCIO Wealth Partners
Pennsylvania
$38K +$15K +813 +71%
BNP Paribas Financial Markets
125
BNP Paribas Financial Markets
France
$15K -$289K -15,703 -95%
2 3 4
5
6

PFS Hedge Fund Activity: Q4 2013 in Review

130 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q4 2013, worth a combined $714M — up 19% from $598M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new PFS positions and 7 closed out — a net gain of 5 holders — while 50 added to existing stakes and 46 trimmed.

The largest buyer was Acadian Asset Management, opening a new position worth an estimated $7.83M. The largest seller was BlackRock Advisors, cutting an estimated $10.7M.

  • 130 institutional investors held Provident Financial Services (PFS) as of Q4 2013, up from 125 in Q3 2013.
  • Funds reported $714M of Provident Financial Services stock for Q4 2013, up 19% quarter-over-quarter.
  • 12 funds opened new Provident Financial Services positions in Q4 2013 and 7 closed out, a net change of +5 holders.
  • The largest Provident Financial Services buyer in Q4 2013 was Acadian Asset Management, an estimated $7.83M added.
  • The largest Provident Financial Services seller in Q4 2013 was BlackRock Advisors, an estimated $10.7M sold.

Based on aggregated 13F filings for Q4 2013.