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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
UB
126
UMB Bank
Missouri
$271K +$795 +50 +0.3%
IA
127
IFP Advisors
Florida
$266K -$2.62K -165 -0.9%
New York State Teachers Retirement System (NYSTRS)
128
New York State Teachers Retirement System (NYSTRS)
New York
$265K -$28.6K -1,800 -9%
QCM
129
Quantinno Capital Management
New York
$238K +$6.74K +424 +3%
AI
130
Atom Investors
Texas
$238K +$60.2K +3,789 +30%
COPPSERS
131
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$238K +$259K +16,313 New
TCM
132
Teza Capital Management
Illinois
$237K +$259K +16,270 New
AC
133
AXQ Capital
New Jersey
$235K +$256K +16,110 New
GT
134
Glenmede Trust
Pennsylvania
$234K -$7.82K -492 -3%
MPPLM
135
Midwest Professional Planners Ltd (MPPL)
Wisconsin
$226K +$246K +15,509 New
BCI
136
Brinker Capital Investments
Pennsylvania
$220K -$1.96K -123 -0.8%
OPS
137
Orion Portfolio Solutions
Nebraska
$220K -$1.96K -123 -0.8%
Zurich Cantonal Bank
138
Zurich Cantonal Bank
Switzerland
$219K – – –
Mariner
139
Mariner
Kansas
$219K +$3.1K +195 +1%
ProShare Advisors
140
ProShare Advisors
Maryland
$216K +$16.2K +1,020 +7%
SC
141
Savant Capital
Illinois
$208K +$227K +14,255 New
TRCT
142
Tower Research Capital (TRC)
New York
$202K -$12.2K -769 -5%
Royal Bank of Canada
143
Royal Bank of Canada
Ontario, Canada
$199K -$713K -44,841 -77%
XT
144
XTX Topco
Cayman Islands
$193K -$46.4K -2,919 -18%
MOACM
145
Mutual of America Capital Management
New York
$190K -$3.31K -208 -2%
HCM
146
Highlander Capital Management
New Jersey
$190K – – –
Amundi
147
Amundi
France
$184K +$59.9K +3,772 +39%
PP
148
Paloma Partners
Connecticut
$184K +$200K +12,609 New
RJA
149
Raymond James & Associates
Florida
$175K -$16.1K -1,010 -8%
Public Employees Retirement Association of Colorado
150
Public Employees Retirement Association of Colorado
Colorado
$175K -$36K -2,268 -16%
4 5
6
7 8

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.