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Provident Financial Services
PFS

206 hedge funds and large institutions have $805M invested in Provident Financial Services in 2024 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 70 increasing their positions, 67 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

982% more call options, than puts

Call options by funds: $411K | Put options by funds: $38K

57% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 23

7% more funds holding

Funds holding: 193 → 206 (+13)

4% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 67

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.11% less ownership

Funds ownership: 74.08% → 72.98% (-1.1%)

20% less capital invested

Capital invested by funds: $1.01B → $805M (-$205M)

Holders
206
Holders Change
+13
Holders Change %
+6.74%
% of All Funds
2.97%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
36
Increased
70
Reduced
67
Closed
23
Calls
$411K
Puts
$38K
Net Calls
+$373K
Net Calls Change
+$477K

Top Buyers

1
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$9.91M
2
CSS
Cubist Systematic Strategies
Connecticut
+$4.44M
3
AQR Capital Management
AQR Capital Management
Connecticut
+$4.33M
4
Two Sigma Investments
Two Sigma Investments
New York
+$4.07M
5
Voloridge Investment Management
Voloridge Investment Management
Florida
+$3.78M

Top Sellers

1
WHG
Westwood Holdings Group
Texas
-$28.1M
2
Morgan Stanley
Morgan Stanley
New York
-$17M
3
N
Nuveen
North Carolina
-$6.6M
4
Victory Capital Management
Victory Capital Management
Texas
-$5.56M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$4.41M
Name Holding Trade Value Shares
Change 		Change in
Stake
Comerica Bank
101
Comerica Bank
Texas
$470K -$51K -3,209 -9%
QC
102
Quadrature Capital
United Kingdom
$464K +$211K +13,253 +71%
CC
103
Cipher Capital
New York
$459K +$278K +17,508 +125%
New York State Common Retirement Fund
104
New York State Common Retirement Fund
New York
$435K -$461 -29 -0.1%
SIA
105
Sit Investment Associates
Minnesota
$427K – – –
Corient Private Wealth
106
Corient Private Wealth
Florida
$422K +$460K +28,933 New
Verition Fund Management
107
Verition Fund Management
Connecticut
$414K +$451K +28,407 New
DA
108
Duality Advisers
Florida
$406K +$443K +27,873 New
MSRPS
109
Maryland State Retirement & Pension System
Maryland
$381K – – –
NYLIM
110
New York Life Investment Management
New York
$373K +$407K +25,598 New
SPA
111
Sherbrooke Park Advisers
New York
$369K +$403K +25,344 New
Handelsbanken Fonder
112
Handelsbanken Fonder
Sweden
$355K +$82.6K +5,200 +27%
TRSOTSOK
113
Teachers Retirement System of the State of Kentucky
Kentucky
$340K – – –
AB
114
Amalgamated Bank
New York
$334K -$86.8K -5,465 -19%
TCOV
115
Trust Company of Vermont
Vermont
$301K – – –
State of Tennessee, Department of Treasury
116
State of Tennessee, Department of Treasury
Tennessee
$300K -$79.6K -5,006 -20%
OPERF
117
Oregon Public Employees Retirement Fund
Oregon
$294K -$30.2K -1,900 -9%
QPWM
118
Quadrant Private Wealth Management
Pennsylvania
$289K – – –
VNA
119
Valley National Advisers
Pennsylvania
$289K -$60.2K -3,789 -16%
ASRS
120
Arizona State Retirement System
Arizona
$288K -$5.42K -341 -2%
Jane Street
121
Jane Street
New York
$287K -$992K -62,443 -76%
WI
122
WBI Investments
New Jersey
$279K -$56.2K -3,535 -16%
FLC
123
Fifth Lane Capital
Texas
$278K +$304K +19,107 New
Cambridge Investment Research Advisors
124
Cambridge Investment Research Advisors
Iowa
$276K +$301K +18,925 New
HWAM
125
Hennion & Walsh Asset Management
New Jersey
$272K +$56.5K +3,557 +24%
3 4
5
6 7

PFS Hedge Fund Activity: Q1 2024 in Review

206 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q1 2024, worth a combined $805M — down 20% from $1.01B a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new PFS positions and 23 closed out — a net gain of 13 holders — while 70 added to existing stakes and 67 trimmed.

The largest buyer was Balyasny Asset Management, opening a new position worth an estimated $9.91M. The largest seller was Westwood Holdings Group, cutting an estimated $28.1M.

  • 206 institutional investors held Provident Financial Services (PFS) as of Q1 2024, up from 193 in Q4 2023.
  • Funds reported $805M of Provident Financial Services stock for Q1 2024, down 20% quarter-over-quarter.
  • 36 funds opened new Provident Financial Services positions in Q1 2024 and 23 closed out, a net change of +13 holders.
  • The largest Provident Financial Services buyer in Q1 2024 was Balyasny Asset Management, an estimated $9.91M added.
  • The largest Provident Financial Services seller in Q1 2024 was Westwood Holdings Group, an estimated $28.1M sold.

Based on aggregated 13F filings for Q1 2024.