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Provident Financial Services
PFS

165 hedge funds and large institutions have $648M invested in Provident Financial Services in 2020 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 56 increasing their positions, 49 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

417% more call options, than puts

Call options by funds: $895K | Put options by funds: $173K

107% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 15

14% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 49

14% more capital invested

Capital invested by funds: $570M → $648M (+$78.6M)

11% more funds holding

Funds holding: 149 → 165 (+16)

0.97% more ownership

Funds ownership: 67.02% → 67.99% (+0.97%)

Holders
165
Holders Change
+16
Holders Change %
+10.74%
% of All Funds
3.38%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
31
Increased
56
Reduced
49
Closed
15
Calls
$895K
Puts
$173K
Net Calls
+$722K
Net Calls Change
+$82K

Top Buyers

1
ProShare Advisors
ProShare Advisors
Maryland
+$7.02M
2
JAM
Jacobs Asset Management
New York
+$6.51M
3
WHG
Westwood Holdings Group
Texas
+$4.87M
4
MSL
Mackay Shields LLC
New York
+$2.46M
5
JP Morgan Chase
JP Morgan Chase
New York
+$2.04M

Top Sellers

1
Invesco
Invesco
Georgia
-$12.6M
2
Goldman Sachs
Goldman Sachs
New York
-$4.2M
3
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$3.66M
4
Renaissance Technologies
Renaissance Technologies
New York
-$3.41M
5
Victory Capital Management
Victory Capital Management
Texas
-$2.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
New York State Teachers Retirement System (NYSTRS)
101
New York State Teachers Retirement System (NYSTRS)
New York
$348K – – –
QI
102
QS Investors
New York
$335K +$2.34K +175 +0.8%
MCM
103
Maltese Capital Management
New York
$335K +$310K +23,169 New
MSA
104
Mason Street Advisors
Wisconsin
$325K +$21.4K +1,601 +8%
GT
105
Glenmede Trust
Pennsylvania
$319K -$220K -16,428 -43%
Voloridge Investment Management
106
Voloridge Investment Management
Florida
$307K +$284K +21,251 New
Jane Street
107
Jane Street
New York
$300K +$278K +20,782 New
State of Tennessee, Department of Treasury
108
State of Tennessee, Department of Treasury
Tennessee
$290K -$48K -3,592 -15%
MLICM
109
Metropolitan Life Insurance Company (MetLife)
New York
$280K – – –
II
110
Inspire Investing
Idaho
$279K +$2.83K +212 +1%
Public Employees Retirement Association of Colorado
111
Public Employees Retirement Association of Colorado
Colorado
$264K – – –
TRSOTSOK
112
Teachers Retirement System of the State of Kentucky
Kentucky
$254K – – –
QPWM
113
Quadrant Private Wealth Management
Pennsylvania
$253K – – –
EGM
114
Engineers Gate Manager
New York
$248K -$94.8K -7,090 -29%
Envestnet Asset Management
115
Envestnet Asset Management
Illinois
$243K +$43.1K +3,226 +24%
LSERS
116
Louisiana State Employees Retirement System
Louisiana
$235K -$4.01K -300 -2%
HCM
117
Highlander Capital Management
New Jersey
$233K – – –
TRCT
118
Tower Research Capital (TRC)
New York
$205K +$189K +14,162 New
ASRS
119
Arizona State Retirement System
Arizona
$204K -$8.16K -611 -4%
IA
120
IndexIQ Advisors
New York
$200K -$4.09K -306 -2%
SO
121
STRS Ohio
Ohio
$186K +$172K +12,900 New
GKIM
122
GW&K Investment Management
Massachusetts
$166K -$601 -45 -0.4%
DIM
123
DC Investments Management
Virginia
$164K – – –
BC
124
Brinker Capital
Pennsylvania
$161K +$3.78K +283 +3%
Franklin Resources
125
Franklin Resources
California
$158K +$148K +11,068 New
3 4
5
6 7

PFS Hedge Fund Activity: Q2 2020 in Review

165 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q2 2020, worth a combined $648M — up 14% from $570M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new PFS positions and 15 closed out — a net gain of 16 holders — while 56 added to existing stakes and 49 trimmed.

The largest buyer was ProShare Advisors, opening a new position worth an estimated $7.02M. The largest seller was Invesco, cutting an estimated $12.6M.

  • 165 institutional investors held Provident Financial Services (PFS) as of Q2 2020, up from 149 in Q1 2020.
  • Funds reported $648M of Provident Financial Services stock for Q2 2020, up 14% quarter-over-quarter.
  • 31 funds opened new Provident Financial Services positions in Q2 2020 and 15 closed out, a net change of +16 holders.
  • The largest Provident Financial Services buyer in Q2 2020 was ProShare Advisors, an estimated $7.02M added.
  • The largest Provident Financial Services seller in Q2 2020 was Invesco, an estimated $12.6M sold.

Based on aggregated 13F filings for Q2 2020.