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Provident Financial Services
PFS

196 hedge funds and large institutions have $1.04B invested in Provident Financial Services in 2023 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 62 increasing their positions, 66 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

190% more call options, than puts

Call options by funds: $458K | Put options by funds: $158K

2.8% more ownership

Funds ownership: 69.07% → 71.86% (+2.8%)

8% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 26

5% more capital invested

Capital invested by funds: $988M → $1.04B (+$49.2M)

1% more funds holding

Funds holding: 195 → 196 (+1)

6% less repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 66

Holders
196
Holders Change
+1
Holders Change %
+0.51%
% of All Funds
3.12%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
28
Increased
62
Reduced
66
Closed
26
Calls
$458K
Puts
$158K
Net Calls
+$300K
Net Calls Change
-$1.15M

Top Buyers

1
Janus Henderson Group
Janus Henderson Group
United Kingdom
+$17.7M
2
Fuller & Thaler Asset Management
Fuller & Thaler Asset Management
California
+$11.8M
3
State Street
State Street
Massachusetts
+$10.3M
4
Millennium Management
Millennium Management
New York
+$6.64M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$4.05M

Top Sellers

1
Goldman Sachs
Goldman Sachs
New York
-$8.1M
2
HSBC Holdings
HSBC Holdings
United Kingdom
-$7.05M
3
Renaissance Technologies
Renaissance Technologies
New York
-$5.8M
4
Norges Bank
Norges Bank
Norway
-$2.63M
5
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
-$2.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
Jane Street
101
Jane Street
New York
$462K +$533K +24,093 New
WG
102
Winton Group
United Kingdom
$460K +$124K +5,617 +31%
New York State Teachers Retirement System (NYSTRS)
103
New York State Teachers Retirement System (NYSTRS)
New York
$435K -$6.64K -300 -1%
Citadel Advisors
104
Citadel Advisors
Florida
$433K +$499K +22,551 New
FHB
105
First Hawaiian Bank
Hawaii
$426K – – –
TCOV
106
Trust Company of Vermont
Vermont
$426K -$221K -10,000 -31%
RJA
107
Raymond James & Associates
Florida
$425K +$81.4K +3,678 +20%
TRSOTSOK
108
Teachers Retirement System of the State of Kentucky
Kentucky
$423K – – –
DA
109
Duality Advisers
Florida
$421K +$485K +21,934 New
Teacher Retirement System of Texas
110
Teacher Retirement System of Texas
Texas
$412K +$25.2K +1,137 +6%
ASRS
111
Arizona State Retirement System
Arizona
$397K +$12K +541 +3%
VRS
112
Virginia Retirement Systems
Virginia
$387K +$39.8K +1,800 +10%
PAM
113
Panagora Asset Management
Massachusetts
$384K +$443K +20,011 New
UB
114
UMB Bank
Missouri
$356K – – –
Public Employees Retirement Association of Colorado
115
Public Employees Retirement Association of Colorado
Colorado
$350K – – –
QPWM
116
Quadrant Private Wealth Management
Pennsylvania
$335K – – –
Nisa Investment Advisors
117
Nisa Investment Advisors
Missouri
$330K +$155K +7,025 +69%
PP
118
PDT Partners
New York
$322K +$371K +16,773 New
Natixis Advisors
119
Natixis Advisors
Massachusetts
$303K -$165K -7,461 -32%
QCM
120
Quantinno Capital Management
New York
$303K – – –
State of Wisconsin Investment Board
121
State of Wisconsin Investment Board
Wisconsin
$297K +$343K +15,508 New
MOACM
122
Mutual of America Capital Management
New York
$297K -$6.08K -275 -2%
AA
123
ALPS Advisors
Colorado
$292K +$337K +15,230 New
GCM
124
Graham Capital Management
Connecticut
$292K +$336K +15,208 New
CAPTRUST Financial Advisors
125
CAPTRUST Financial Advisors
North Carolina
$290K +$310 +14 +0.1%
3 4
5
6 7

PFS Hedge Fund Activity: Q1 2023 in Review

196 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q1 2023, worth a combined $1.04B — up 5% from $988M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new PFS positions and 26 closed out — a net gain of 2 holders — while 62 added to existing stakes and 66 trimmed.

The largest buyer was Janus Henderson Group, adding an estimated $17.7M. The largest seller was Goldman Sachs, cutting an estimated $8.1M.

  • 196 institutional investors held Provident Financial Services (PFS) as of Q1 2023, up from 195 in Q4 2022.
  • Funds reported $1.04B of Provident Financial Services stock for Q1 2023, up 5% quarter-over-quarter.
  • 28 funds opened new Provident Financial Services positions in Q1 2023 and 26 closed out, a net change of +2 holders.
  • The largest Provident Financial Services buyer in Q1 2023 was Janus Henderson Group, an estimated $17.7M added.
  • The largest Provident Financial Services seller in Q1 2023 was Goldman Sachs, an estimated $8.1M sold.

Based on aggregated 13F filings for Q1 2023.