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Provident Financial Services
PFS

169 hedge funds and large institutions have $1.15B invested in Provident Financial Services in 2019 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 62 increasing their positions, 54 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 12

15% more repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 54

8% more funds holding

Funds holding: 157 → 169 (+12)

5% more capital invested

Capital invested by funds: $1.1B → $1.15B (+$50.1M)

1.46% less ownership

Funds ownership: 68.04% → 66.58% (-1.5%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
169
Holders Change
+12
Holders Change %
+7.64%
% of All Funds
3.66%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
26
Increased
62
Reduced
54
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Millennium Management
Millennium Management
New York
+$7.41M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$6.43M
3
MAM
Martingale Asset Management
Massachusetts
+$3.56M
4
Invesco
Invesco
Georgia
+$2.82M
5
State Street
State Street
Massachusetts
+$2.75M

Top Sellers

1
BIAS
Beacon Investment Advisory Services
New Jersey
-$25.6M
2
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$12.9M
3
DGHMC
Dalton, Greiner, Hartman, Maher & Co
New York
-$8.12M
4
MCM
Moore Capital Management
New York
-$6.39M
5
Ameriprise
Ameriprise
Minnesota
-$5.91M
Name Holding Trade Value Shares
Change 		Change in
Stake
AIM
101
Assured Investment Management
New York
$485K +$8.57K +327 +2%
TRSOTSOK
102
Teachers Retirement System of the State of Kentucky
Kentucky
$476K – – –
Public Employees Retirement Association of Colorado
103
Public Employees Retirement Association of Colorado
Colorado
$472K – – –
Jacobs Levy Equity Management
104
Jacobs Levy Equity Management
New Jersey
$467K – – –
QPWM
105
Quadrant Private Wealth Management
Pennsylvania
$453K – – –
AW
106
Alpha Windward
Massachusetts
$449K +$455K +17,340 New
VRS
107
Virginia Retirement Systems
Virginia
$448K +$18.4K +700 +4%
GCP
108
GSA Capital Partners
United Kingdom
$438K +$171K +6,521 +63%
PP
109
Paloma Partners
Connecticut
$426K +$432K +16,464 New
BNP Paribas Financial Markets
110
BNP Paribas Financial Markets
France
$417K +$268K +10,228 +174%
PA
111
Pinnacle Associates
New York
$403K -$171K -6,524 -30%
PWMAG
112
Pinnacle Wealth Management Advisory Group
New Jersey
$403K -$171K -6,524 -30%
PIA
113
Piedmont Investment Advisors
North Carolina
$400K +$21.7K +826 +6%
JP Morgan Chase
114
JP Morgan Chase
New York
$390K -$1.94M -74,154 -83%
AAS
115
Avantax Advisory Services
Texas
$370K +$375K +14,309 New
PAG
116
Private Advisor Group
New Jersey
$350K -$49.9K -1,903 -12%
GKIM
117
GW&K Investment Management
Massachusetts
$347K +$498 +19 +0.1%
MFG
118
Magnus Financial Group
New York
$337K – – –
PAM
119
Panagora Asset Management
Massachusetts
$320K +$113K +4,328 +54%
RJA
120
Raymond James & Associates
Florida
$303K +$5.69K +217 +2%
WCM
121
Wedge Capital Management
North Carolina
$260K -$17.8K -679 -6%
AQR Capital Management
122
AQR Capital Management
Connecticut
$259K -$200K -7,645 -43%
Two Sigma Investments
123
Two Sigma Investments
New York
$250K +$253K +9,662 New
ECM
124
Everence Capital Management
Indiana
$244K +$247K +9,430 New
XK
125
Xact Kapitalforvaltning
Sweden
$243K -$165K -6,300 -40%
3 4
5
6 7

PFS Hedge Fund Activity: Q1 2019 in Review

169 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q1 2019, worth a combined $1.15B — up 4.6% from $1.1B a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new PFS positions and 12 closed out — a net gain of 14 holders — while 62 added to existing stakes and 54 trimmed.

The largest buyer was Millennium Management, adding an estimated $7.41M. The largest seller was Beacon Investment Advisory Services, cutting an estimated $25.6M.

  • 169 institutional investors held Provident Financial Services (PFS) as of Q1 2019, up from 157 in Q4 2018.
  • Funds reported $1.15B of Provident Financial Services stock for Q1 2019, up 4.6% quarter-over-quarter.
  • 26 funds opened new Provident Financial Services positions in Q1 2019 and 12 closed out, a net change of +14 holders.
  • The largest Provident Financial Services buyer in Q1 2019 was Millennium Management, an estimated $7.41M added.
  • The largest Provident Financial Services seller in Q1 2019 was Beacon Investment Advisory Services, an estimated $25.6M sold.

Based on aggregated 13F filings for Q1 2019.