Provident Financial Services
131 hedge funds and large institutions have $682M invested in Provident Financial Services in 2014 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 44 increasing their positions, 57 reducing their positions, and 10 closing their positions.
10% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 10
1% more funds holding
Funds holding: 130 → 131 (+1)
0.02% more ownership
Funds ownership: 61.77% → 61.79% (+0.02%)
4% less capital invested
Capital invested by funds: $714M → $682M (-$31.4M)
23% less repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 57
Top Buyers
| 1 |
KAM
Keeley Asset Management
Chicago,
Illinois
|
+$14.4M |
| 2 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$7.32M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.69M |
| 4 |
HAI
Hennessy Advisors Inc
Novato,
California
|
+$1.99M |
| 5 |
NFA
Nationwide Fund Advisors
Columbus,
Ohio
|
+$1.68M |
Top Sellers
| 1 |
Bank of New York Mellon
New York
|
-$14.7M |
| 2 |
SONJCPFA
State of New Jersey Common Pension Fund A
Trenton,
New Jersey
|
-$2.35M |
| 3 |
JP Morgan Chase
New York
|
-$1.74M |
| 4 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
-$1.29M |
| 5 |
Millennium Management
New York
|
-$1.11M |
PFS Hedge Fund Activity: Q1 2014 in Review
131 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q1 2014, worth a combined $682M — down 4.4% from $714M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PFS positions and 10 closed out — a net gain of 1 holder — while 44 added to existing stakes and 57 trimmed.
The largest buyer was Keeley Asset Management, adding an estimated $14.4M. The largest seller was Bank of New York Mellon, cutting an estimated $14.7M.
- 131 institutional investors held Provident Financial Services (PFS) as of Q1 2014, up from 130 in Q4 2013.
- Funds reported $682M of Provident Financial Services stock for Q1 2014, down 4.4% quarter-over-quarter.
- 11 funds opened new Provident Financial Services positions in Q1 2014 and 10 closed out, a net change of +1 holder.
- The largest Provident Financial Services buyer in Q1 2014 was Keeley Asset Management, an estimated $14.4M added.
- The largest Provident Financial Services seller in Q1 2014 was Bank of New York Mellon, an estimated $14.7M sold.
Based on aggregated 13F filings for Q1 2014.