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Provident Financial Services
PFS

147 hedge funds and large institutions have $658M invested in Provident Financial Services in 2014 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 59 increasing their positions, 42 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

340% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 5

40% more repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 42

12% more funds holding

Funds holding: 131 → 147 (+16)

1.25% more ownership

Funds ownership: 61.79% → 63.04% (+1.2%)

4% less capital invested

Capital invested by funds: $682M → $658M (-$24.3M)

Holders
147
Holders Change
+16
Holders Change %
+12.21%
% of All Funds
4.23%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
22
Increased
59
Reduced
42
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Norges Bank
Norges Bank
Norway
+$9.73M
2
Millennium Management
Millennium Management
New York
+$6.51M
3
KAM
Keeley Asset Management
Illinois
+$4.75M
4
BMCMI
Bryn Mawr Capital Management Inc
Pennsylvania
+$3.65M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$2.44M

Top Sellers

1
PIM
Perkins Investment Management
Illinois
-$13.2M
2
IG
ING Group
Netherlands
-$4.6M
3
BFA
BlackRock Fund Advisors
California
-$3.36M
4
American Century Companies
American Century Companies
Missouri
-$2.17M
5
AQR Capital Management
AQR Capital Management
Connecticut
-$2.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
MSA
126
Mason Street Advisors
Wisconsin
$117K +$3.25K +187 +3%
MFS
127
MSI Financial Services
Massachusetts
$108K +$956 +55 +0.9%
VFA
128
Virtus Fund Advisers
Connecticut
$89K +$89.4K +5,143 New
First Manhattan
129
First Manhattan
New York
$78K – – –
WIL
130
Winifred I. Li
$73K +$25.4K +1,460 +53%
Canada Life
131
Canada Life
Manitoba, Canada
$49K – – –
YCM
132
Yakira Capital Management
Connecticut
$49K +$49.2K +2,831 New
STC
133
SEI Trust Company
Pennsylvania
$36K -$15.6K -900 -30%
Teacher Retirement System of Texas
134
Teacher Retirement System of Texas
Texas
$34K – – –
MWP
135
MYCIO Wealth Partners
Pennsylvania
$33K +$295 +17 +0.9%
BlackRock
136
BlackRock
New York
$32K -$3.16K -182 -9%
Bank of Montreal
137
Bank of Montreal
Ontario, Canada
$32K +$20K +1,153 +172%
KTC
138
Kistler-Tiffany Companies
Pennsylvania
$24K +$24.3K +1,396 New
Barclays
139
Barclays
United Kingdom
$18K -$48.1K -2,770 -72%
BRWA
140
B. Riley Wealth Advisors
Florida
$12.2K +$12.3K +706 New
US Bancorp
141
US Bancorp
Minnesota
$9K +$3.13K +180 +51%
Envestnet Asset Management
142
Envestnet Asset Management
Illinois
$8K +$7.3K +420 +894%
DADC
143
D.A. Davidson & Co
Montana
$4K +$434 +25 +11%
BNP Paribas Financial Markets
144
BNP Paribas Financial Markets
France
$1.16K +$1.16K +67 New
GAM
145
Gemmer Asset Management
California
$1K – – –
LTFS
146
Ladenburg Thalmann Financial Services
Florida
$1K – – –
GC
147
Globeflex Capital
California
$1K +$1.7K +98 New
IG
148
ING Group
Netherlands
– -$4.6M -250,000 Closed
Fidelity Investments
149
Fidelity Investments
Massachusetts
– -$694K -37,800 Closed
SG Americas Securities
150
SG Americas Securities
New York
– -$192K -10,448 Closed
3 4 5
6
7

PFS Hedge Fund Activity: Q2 2014 in Review

147 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q2 2014, worth a combined $658M — down 3.6% from $682M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new PFS positions and 5 closed out — a net gain of 17 holders — while 59 added to existing stakes and 42 trimmed.

The largest buyer was Norges Bank, adding an estimated $9.73M. The largest seller was Perkins Investment Management, cutting an estimated $13.2M.

  • 147 institutional investors held Provident Financial Services (PFS) as of Q2 2014, up from 131 in Q1 2014.
  • Funds reported $658M of Provident Financial Services stock for Q2 2014, down 3.6% quarter-over-quarter.
  • 22 funds opened new Provident Financial Services positions in Q2 2014 and 5 closed out, a net change of +17 holders.
  • The largest Provident Financial Services buyer in Q2 2014 was Norges Bank, an estimated $9.73M added.
  • The largest Provident Financial Services seller in Q2 2014 was Perkins Investment Management, an estimated $13.2M sold.

Based on aggregated 13F filings for Q2 2014.