Provident Financial Services
193 hedge funds and large institutions have $1.01B invested in Provident Financial Services in 2023 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 65 increasing their positions, 66 reducing their positions, and 25 closing their positions.
32% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 25
20% more capital invested
Capital invested by funds: $841M → $1.01B (+$169M)
3% more funds holding
Funds holding: 187 → 193 (+6)
1.33% more ownership
Funds ownership: 72.75% → 74.08% (+1.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 66
33% less call options, than puts
Call options by funds: $207K | Put options by funds: $311K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$19M |
| 2 |
State Street
Boston,
Massachusetts
|
+$4.98M |
| 3 |
Goldman Sachs
New York
|
+$4.69M |
| 4 |
Walleye Capital
New York
|
+$3.54M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$3.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$19.9M |
| 2 |
Millennium Management
New York
|
-$8.21M |
| 3 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$6.48M |
| 4 |
HI
HBK Investments
Dallas,
Texas
|
-$3.96M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$2.32M |
PFS Hedge Fund Activity: Q4 2023 in Review
193 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q4 2023, worth a combined $1.01B — up 20% from $841M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new PFS positions and 25 closed out — a net gain of 8 holders — while 65 added to existing stakes and 66 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $19M. The largest seller was Principal Financial Group, cutting an estimated $19.9M.
- 193 institutional investors held Provident Financial Services (PFS) as of Q4 2023, up from 187 in Q3 2023.
- Funds reported $1.01B of Provident Financial Services stock for Q4 2023, up 20% quarter-over-quarter.
- 33 funds opened new Provident Financial Services positions in Q4 2023 and 25 closed out, a net change of +8 holders.
- The largest Provident Financial Services buyer in Q4 2023 was Morgan Stanley, an estimated $19M added.
- The largest Provident Financial Services seller in Q4 2023 was Principal Financial Group, an estimated $19.9M sold.
Based on aggregated 13F filings for Q4 2023.