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Provident Financial Services
PFS

154 hedge funds and large institutions have $1.06B invested in Provident Financial Services in 2017 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 55 increasing their positions, 53 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 53

4% less capital invested

Capital invested by funds: $1.1B → $1.06B (-$44.6M)

1.68% less ownership

Funds ownership: 64.07% → 62.39% (-1.7%)

3% less funds holding

Funds holding: 159 → 154 (-5)

25% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 16

Holders
154
Holders Change
-5
Holders Change %
-3.14%
% of All Funds
3.84%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
55
Reduced
53
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AAM
Aberdeen Asset Management
United Kingdom
+$4.67M
2
Northern Trust
Northern Trust
Illinois
+$3.3M
3
MCA
Mendon Capital Advisors
Florida
+$3.1M
4
Wellington Management Group
Wellington Management Group
Massachusetts
+$2.35M
5
Deutsche Bank
Deutsche Bank
Germany
+$2.08M

Top Sellers

1
Principal Financial Group
Principal Financial Group
Iowa
-$17.3M
2
BCM
Bridgeway Capital Management
Texas
-$2.81M
3
Russell Investments Group
Russell Investments Group
United Kingdom
-$2.7M
4
JP Morgan Chase
JP Morgan Chase
New York
-$2.59M
5
KTA
Keeley-Teton Advisors
Illinois
-$2.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
AB
126
Amalgamated Bank
New York
$213K +$3.13K +126 +2%
MC
127
Menta Capital
California
$206K -$421K -16,965 -68%
CIM
128
Contravisory Investment Management
Massachusetts
$201K – – –
Barclays
129
Barclays
United Kingdom
$183K +$151K +6,094 +545%
LTFS
130
Ladenburg Thalmann Financial Services
Florida
$162K – – –
AIP
131
Ameritas Investment Partners
Nebraska
$134K – – –
BBHC
132
Brown Brothers Harriman & Co
New York
$127K – – –
SG Americas Securities
133
SG Americas Securities
New York
$118K +$115K +4,633 New
First Manhattan
134
First Manhattan
New York
$95K – – –
RBC
135
Roble Belko & Company
Pennsylvania
$95K +$93.2K +3,751 New
IA
136
IFP Advisors
Florida
$88K – – –
Bank of Montreal
137
Bank of Montreal
Ontario, Canada
$87K +$47.8K +1,924 +128%
Nisa Investment Advisors
138
Nisa Investment Advisors
Missouri
$70K -$10.2K -410 -12%
Ohio Public Employees Retirement System (OPERS)
139
Ohio Public Employees Retirement System (OPERS)
Ohio
$62K +$1.71K +69 +3%
LIA
140
LS Investment Advisors
Michigan
$58K – – –
SEI Investments
141
SEI Investments
Pennsylvania
$56K +$1.19K +48 +2%
SWA
142
Sutton Wealth Advisors
Florida
$42.9K – – –
Zurich Cantonal Bank
143
Zurich Cantonal Bank
Switzerland
$42K – – –
VCM
144
Versant Capital Management
Arizona
$39K -$820 -33 -2%
AG
145
Advisor Group
Arizona
$21K +$5.49K +221 +38%
AIM
146
Acrospire Investment Management
Illinois
$18K -$14.9K -600 -46%
US Bancorp
147
US Bancorp
Minnesota
$14K -$9.31K -375 -41%
MAM
148
Meeder Asset Management
Ohio
$9K – – –
Envestnet Asset Management
149
Envestnet Asset Management
Illinois
$7K – – –
GAM
150
Gemmer Asset Management
California
$4K – – –
3 4 5
6
7

PFS Hedge Fund Activity: Q2 2017 in Review

154 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q2 2017, worth a combined $1.06B — down 4.1% from $1.1B a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of PFS and 12 opened new positions — a net loss of 4 holders — while 53 trimmed existing stakes and 55 added.

The largest buyer was Aberdeen Asset Management, opening a new position worth an estimated $4.67M. The largest seller was Principal Financial Group, cutting an estimated $17.3M.

  • 154 institutional investors held Provident Financial Services (PFS) as of Q2 2017, down from 159 in Q1 2017.
  • Funds reported $1.06B of Provident Financial Services stock for Q2 2017, down 4.1% quarter-over-quarter.
  • 12 funds opened new Provident Financial Services positions in Q2 2017 and 16 closed out, a net change of -4 holders.
  • The largest Provident Financial Services buyer in Q2 2017 was Aberdeen Asset Management, an estimated $4.67M added.
  • The largest Provident Financial Services seller in Q2 2017 was Principal Financial Group, an estimated $17.3M sold.

Based on aggregated 13F filings for Q2 2017.