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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
QI
151
QS Investors
New York
$2K +$646 +26 +63%
PFBT
152
Parkside Financial Bank & Trust
Missouri
$1K -$373 -15 -23%
DA
153
Denali Advisors
California
$1K – – –
Russell Investments Group
154
Russell Investments Group
United Kingdom
– -$2.7M -104,433 Closed
Acadian Asset Management
155
Acadian Asset Management
Massachusetts
– -$1.5M -57,888 Closed
WI
156
WBI Investments
New Jersey
– -$1.32M -51,074 Closed
SCA
157
Secor Capital Advisors
New York
– -$1.1M -42,706 Closed
RCAMU
158
Rothschild & Co Asset Management US
Connecticut
– -$1.1M -42,387 Closed
Arrowstreet Capital
159
Arrowstreet Capital
Massachusetts
– -$784K -30,310 Closed
Two Sigma Investments
160
Two Sigma Investments
New York
– -$670K -25,919 Closed
EMG
161
Ellington Management Group
Connecticut
– -$607K -23,500 Closed
BRF
162
B. Riley Financial
California
– -$323K -12,500 Closed
SAM
163
Silvercrest Asset Management
New York
– -$266K -10,290 Closed
FCBT
164
First Citizens Bank & Trust
North Carolina
– -$240K -9,298 Closed
ProShare Advisors
165
ProShare Advisors
Maryland
– -$218K -8,440 Closed
BSWMG
166
Barrington Strategic Wealth Management Group
Illinois
– -$209K -8,100 Closed
CG
167
Cutler Group
California
– -$22K -883 Closed
TRCT
168
Tower Research Capital (TRC)
New York
– -$13K -500 Closed
Loomis, Sayles & Company
169
Loomis, Sayles & Company
Massachusetts
– -$7K -267 Closed
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.