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Provident Financial Services
PFS

149 hedge funds and large institutions have $878M invested in Provident Financial Services in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 56 increasing their positions, 49 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 49

8% more capital invested

Capital invested by funds: $811M → $878M (+$67.6M)

0.61% more ownership

Funds ownership: 62.45% → 63.06% (+0.61%)

3% less funds holding

Funds holding: 153 → 149 (-4)

27% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 11

Holders
149
Holders Change
-4
Holders Change %
-2.61%
% of All Funds
3.98%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
56
Reduced
49
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BFA
BlackRock Fund Advisors
California
+$8.05M
2
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$4.6M
3
Goldman Sachs
Goldman Sachs
New York
+$3.43M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$2.89M
5
MAM
Martingale Asset Management
Massachusetts
+$2.74M

Top Sellers

1
Jennison Associates
Jennison Associates
New York
-$5.82M
2
KAM
Keeley Asset Management
Illinois
-$3.39M
3
PI
Putnam Investments
Massachusetts
-$1.4M
4
HAI
Hennessy Advisors Inc
California
-$1.34M
5
DGHMC
Dalton, Greiner, Hartman, Maher & Co
New York
-$1.29M
Name Holding Trade Value Shares
Change 		Change in
Stake
FCBT
101
First Citizens Bank & Trust
North Carolina
$324K -$107K -5,188 -25%
AFG
102
American Financial Group
Ohio
$307K – – –
1GA
103
1st Global Advisors
Texas
$298K +$680 +33 +0.2%
CGH
104
Crossmark Global Holdings
Texas
$298K +$230K +11,160 New
TC
105
TFS Capital
Pennsylvania
$289K +$15.9K +769 +6%
Citadel Advisors
106
Citadel Advisors
Florida
$289K +$280K +13,602 New
MERSOM
107
Municipal Employees' Retirement System of Michigan
Michigan
$279K +$4.33K +210 +2%
BRF
108
B. Riley Financial
California
$265K – – –
PA
109
Profund Advisors
Maryland
$264K -$143K -6,920 -36%
DC
110
Deere & Company
Illinois
$262K – – –
MSA
111
Mason Street Advisors
Wisconsin
$262K +$15.8K +765 +7%
PAG
112
Private Advisor Group
New Jersey
$257K +$10.3K +500 +4%
MBA
113
McQueen Ball & Associates
Pennsylvania
$246K – – –
PAM
114
Panagora Asset Management
Massachusetts
$242K -$4.6K -223 -2%
Two Sigma Advisers
115
Two Sigma Advisers
New York
$230K -$225K -10,900 -50%
FTIOP
116
Fiduciary Trust International of Pennsylvania
Pennsylvania
$217K – – –
PGFC
117
Peapack-Gladstone Financial Corp
New Jersey
$212K – – –
YMRC
118
Yorktown Management & Research Company
Virginia
$212K +$206K +10,000 New
Stifel Financial
119
Stifel Financial
Missouri
$202K +$196K +9,500 New
BNP Paribas Financial Markets
120
BNP Paribas Financial Markets
France
$200K -$188K -9,117 -49%
RA
121
Rational Advisors
New York
$170K – – –
CIM
122
Contravisory Investment Management
Massachusetts
$168K – – –
Victory Capital Management
123
Victory Capital Management
Texas
$162K +$26.6K +1,290 +20%
PI
124
PineBridge Investments
New York
$161K +$2.35K +114 +2%
SG Americas Securities
125
SG Americas Securities
New York
$161K +$156K +7,566 New
3 4
5
6 7

PFS Hedge Fund Activity: Q3 2016 in Review

149 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q3 2016, worth a combined $878M — up 8.3% from $811M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of PFS and 8 opened new positions — a net loss of 3 holders — while 49 trimmed existing stakes and 56 added.

The largest buyer was BlackRock Fund Advisors, adding an estimated $8.05M. The largest seller was Jennison Associates, cutting an estimated $5.82M.

  • 149 institutional investors held Provident Financial Services (PFS) as of Q3 2016, down from 153 in Q2 2016.
  • Funds reported $878M of Provident Financial Services stock for Q3 2016, up 8.3% quarter-over-quarter.
  • 8 funds opened new Provident Financial Services positions in Q3 2016 and 11 closed out, a net change of -3 holders.
  • The largest Provident Financial Services buyer in Q3 2016 was BlackRock Fund Advisors, an estimated $8.05M added.
  • The largest Provident Financial Services seller in Q3 2016 was Jennison Associates, an estimated $5.82M sold.

Based on aggregated 13F filings for Q3 2016.