Provident Financial Services
141 hedge funds and large institutions have $626M invested in Provident Financial Services in 2014 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 61 increasing their positions, 44 reducing their positions, and 15 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 44
5% less capital invested
Capital invested by funds: $658M → $626M (-$32.4M)
4% less funds holding
Funds holding: 147 → 141 (-6)
4.46% less ownership
Funds ownership: 63.04% → 58.58% (-4.5%)
40% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
+$3.53M |
| 2 |
Millennium Management
New York
|
+$3.03M |
| 3 |
Renaissance Technologies
New York
|
+$2.93M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$2.28M |
| 5 |
BMCMI
Bryn Mawr Capital Management Inc
Bryn Mawr,
Pennsylvania
|
+$2.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$9.47M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$4.09M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$3.25M |
| 4 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
-$1.63M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$1.58M |
PFS Hedge Fund Activity: Q3 2014 in Review
141 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q3 2014, worth a combined $626M — down 4.9% from $658M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of PFS and 9 opened new positions — a net loss of 6 holders — while 44 trimmed existing stakes and 61 added.
The largest buyer was Maltese Capital Management, adding an estimated $3.53M. The largest seller was Norges Bank, cutting an estimated $9.47M.
- 141 institutional investors held Provident Financial Services (PFS) as of Q3 2014, down from 147 in Q2 2014.
- Funds reported $626M of Provident Financial Services stock for Q3 2014, down 4.9% quarter-over-quarter.
- 9 funds opened new Provident Financial Services positions in Q3 2014 and 15 closed out, a net change of -6 holders.
- The largest Provident Financial Services buyer in Q3 2014 was Maltese Capital Management, an estimated $3.53M added.
- The largest Provident Financial Services seller in Q3 2014 was Norges Bank, an estimated $9.47M sold.
Based on aggregated 13F filings for Q3 2014.