Provident Financial Services
130 hedge funds and large institutions have $714M invested in Provident Financial Services in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 50 increasing their positions, 46 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
19% more capital invested
Capital invested by funds: $598M → $714M (+$115M)
4% more funds holding
Funds holding: 125 → 130 (+5)
9% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 46
0.05% more ownership
Funds ownership: 61.72% → 61.77% (+0.05%)
Top Buyers
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
+$7.83M |
| 2 |
TA
Teachers Advisors
New York
|
+$3.8M |
| 3 |
HAI
Hennessy Advisors Inc
Novato,
California
|
+$3.04M |
| 4 |
Goldman Sachs
New York
|
+$2.76M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.35M |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
126
Prelude Capital Management
New York
| $7K | -$920 | -50 | -13% |
|
127
Bank of Montreal
Toronto,
Ontario, Canada
| $4K | – | – | – |
|
|
PIA
128
Piedmont Investment Advisors
Durham,
North Carolina
| $2.43K | +$2.32K | +126 | New |
|
|
LTFS
129
Ladenburg Thalmann Financial Services
Miami,
Florida
| $1K | – | – | – |
|
130
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $887 | +$45.2K | +2,455 | +6% |
|
|
KCM
131
Kennedy Capital Management
St Louis,
Missouri
| – | -$2.23M | -137,804 | Closed |
|
|
AL
132
AJO LP
Philadelphia,
Pennsylvania
| – | -$2.02M | -124,500 | Closed |
|
133
D.E. Shaw & Co
New York
| – | -$808K | -49,830 | Closed |
|
134
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$224K | -13,794 | Closed |
|
|
PP
135
PDT Partners
New York
| – | -$214K | -13,200 | Closed |
|
|
TRCT
136
Tower Research Capital (TRC)
New York
| – | -$26K | -1,599 | Closed |
|
137
ClearBridge Investments
New York
| – | -$2K | -126 | Closed |
|
PFS Hedge Fund Activity: Q4 2013 in Review
130 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q4 2013, worth a combined $714M — up 19% from $598M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new PFS positions and 7 closed out — a net gain of 5 holders — while 50 added to existing stakes and 46 trimmed.
The largest buyer was Acadian Asset Management, opening a new position worth an estimated $7.83M. The largest seller was BlackRock Advisors, cutting an estimated $10.7M.
- 130 institutional investors held Provident Financial Services (PFS) as of Q4 2013, up from 125 in Q3 2013.
- Funds reported $714M of Provident Financial Services stock for Q4 2013, up 19% quarter-over-quarter.
- 12 funds opened new Provident Financial Services positions in Q4 2013 and 7 closed out, a net change of +5 holders.
- The largest Provident Financial Services buyer in Q4 2013 was Acadian Asset Management, an estimated $7.83M added.
- The largest Provident Financial Services seller in Q4 2013 was BlackRock Advisors, an estimated $10.7M sold.
Based on aggregated 13F filings for Q4 2013.