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Provident Financial Services
PFS

154 hedge funds and large institutions have $1.06B invested in Provident Financial Services in 2017 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 55 increasing their positions, 53 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 53

4% less capital invested

Capital invested by funds: $1.1B → $1.06B (-$44.6M)

1.68% less ownership

Funds ownership: 64.07% → 62.39% (-1.7%)

3% less funds holding

Funds holding: 159 → 154 (-5)

25% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 16

Holders
154
Holders Change
-5
Holders Change %
-3.14%
% of All Funds
3.84%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
55
Reduced
53
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AAM
Aberdeen Asset Management
United Kingdom
+$4.67M
2
Northern Trust
Northern Trust
Illinois
+$3.3M
3
MCA
Mendon Capital Advisors
Florida
+$3.1M
4
Wellington Management Group
Wellington Management Group
Massachusetts
+$2.35M
5
Deutsche Bank
Deutsche Bank
Germany
+$2.08M

Top Sellers

1
Principal Financial Group
Principal Financial Group
Iowa
-$17.3M
2
BCM
Bridgeway Capital Management
Texas
-$2.81M
3
Russell Investments Group
Russell Investments Group
United Kingdom
-$2.7M
4
JP Morgan Chase
JP Morgan Chase
New York
-$2.59M
5
KTA
Keeley-Teton Advisors
Illinois
-$2.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
D.E. Shaw & Co
101
D.E. Shaw & Co
New York
$406K +$27.1K +1,091 +7%
GC
102
Guggenheim Capital
Illinois
$392K -$2.33K -94 -0.6%
AG
103
Aperio Group
California
$392K +$384K +15,457 New
CCM
104
Condor Capital Management
New Jersey
$390K -$24.8K -1,000 -6%
MSA
105
Mason Street Advisors
Wisconsin
$380K +$20.4K +823 +6%
WCM
106
Wedge Capital Management
North Carolina
$374K – – –
MERSOM
107
Municipal Employees' Retirement System of Michigan
Michigan
$362K +$16.1K +650 +5%
PIA
108
Piedmont Investment Advisors
North Carolina
$333K +$326K +13,119 New
RJFSA
109
Raymond James Financial Services Advisors
Florida
$323K -$5.44K -219 -2%
Two Sigma Advisers
110
Two Sigma Advisers
New York
$313K +$2.48K +100 +0.8%
PAG
111
Private Advisor Group
New Jersey
$306K -$12.4K -500 -4%
SOADOR
112
State of Alaska Department of Revenue
Alaska
$304K +$132K +5,310 +80%
O
113
OppenheimerFunds
New York
$301K +$14.5K +582 +5%
MBA
114
McQueen Ball & Associates
Pennsylvania
$294K – – –
CAM
115
Capstone Asset Management
Texas
$279K -$32.8K -1,320 -11%
BC
116
Brinker Capital
Pennsylvania
$272K +$1.02K +41 +0.4%
PA
117
Profund Advisors
Maryland
$271K -$32.2K -1,297 -11%
FTIOP
118
Fiduciary Trust International of Pennsylvania
Pennsylvania
$259K – – –
YMRC
119
Yorktown Management & Research Company
Virginia
$254K – – –
Capstone Investment Advisors
120
Capstone Investment Advisors
New York
$251K -$24.5K -986 -9%
Susquehanna International Group
121
Susquehanna International Group
Pennsylvania
$251K +$246K +9,900 New
TI
122
Trexquant Investment
Connecticut
$236K -$82.8K -3,333 -26%
JG
123
Jefferies Group
New York
$236K +$231K +9,288 New
PGFC
124
Peapack-Gladstone Financial Corp
New Jersey
$228K – – –
MF
125
Magnetar Financial
Illinois
$220K +$215K +8,650 New
3 4
5
6 7

PFS Hedge Fund Activity: Q2 2017 in Review

154 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q2 2017, worth a combined $1.06B — down 4.1% from $1.1B a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of PFS and 12 opened new positions — a net loss of 4 holders — while 53 trimmed existing stakes and 55 added.

The largest buyer was Aberdeen Asset Management, opening a new position worth an estimated $4.67M. The largest seller was Principal Financial Group, cutting an estimated $17.3M.

  • 154 institutional investors held Provident Financial Services (PFS) as of Q2 2017, down from 159 in Q1 2017.
  • Funds reported $1.06B of Provident Financial Services stock for Q2 2017, down 4.1% quarter-over-quarter.
  • 12 funds opened new Provident Financial Services positions in Q2 2017 and 16 closed out, a net change of -4 holders.
  • The largest Provident Financial Services buyer in Q2 2017 was Aberdeen Asset Management, an estimated $4.67M added.
  • The largest Provident Financial Services seller in Q2 2017 was Principal Financial Group, an estimated $17.3M sold.

Based on aggregated 13F filings for Q2 2017.