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Provident Financial Services
PFS

169 hedge funds and large institutions have $1.15B invested in Provident Financial Services in 2019 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 62 increasing their positions, 54 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 12

15% more repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 54

8% more funds holding

Funds holding: 157 → 169 (+12)

5% more capital invested

Capital invested by funds: $1.1B → $1.15B (+$50.1M)

1.46% less ownership

Funds ownership: 68.04% → 66.58% (-1.5%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
169
Holders Change
+12
Holders Change %
+7.64%
% of All Funds
3.66%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
26
Increased
62
Reduced
54
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Millennium Management
Millennium Management
New York
+$7.41M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$6.43M
3
MAM
Martingale Asset Management
Massachusetts
+$3.56M
4
Invesco
Invesco
Georgia
+$2.82M
5
State Street
State Street
Massachusetts
+$2.75M

Top Sellers

1
BIAS
Beacon Investment Advisory Services
New Jersey
-$25.6M
2
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$12.9M
3
DGHMC
Dalton, Greiner, Hartman, Maher & Co
New York
-$8.12M
4
MCM
Moore Capital Management
New York
-$6.39M
5
Ameriprise
Ameriprise
Minnesota
-$5.91M
Name Holding Trade Value Shares
Change 		Change in
Stake
SWM
151
SeaCrest Wealth Management
New York
$23K – – –
RBC
152
Roble Belko & Company
Pennsylvania
$21K -$38.1K -1,453 -64%
Fidelity Investments
153
Fidelity Investments
Massachusetts
$20K -$31.4K -1,196 -61%
AG
154
Advisor Group
Arizona
$19K -$18.4K -703 -48%
KTC
155
Kistler-Tiffany Companies
Pennsylvania
$13K +$13.1K +500 New
LFA
156
Legacy Financial Advisors
Kentucky
$10K +$9.39K +358 +1,234%
WCM
157
WealthBridge Capital Management
Ohio
$9K +$131 +5 +1%
MAM
158
Meeder Asset Management
Ohio
$9K +$8.65K +330 New
HGWM
159
Harvest Group Wealth Management
Massachusetts
$8K +$8.15K +311 New
QI
160
QS Investors
New York
$7K -$1.76K -67 -21%
CAM
161
Cresset Asset Management
Illinois
$5K – – –
GAM
162
Gemmer Asset Management
California
$5K – – –
WAM
163
Wealthspire Advisors (Maryland)
Maryland
$5K – – –
RFC
164
Regions Financial Corp
Alabama
$2K – – –
DA
165
Denali Advisors
California
$1K – – –
PFBT
166
Parkside Financial Bank & Trust
Missouri
$1K – – –
PCG
167
Private Capital Group
Connecticut
$1K – – –
GT
168
Glenmede Trust
Pennsylvania
$948 +$37.9K +1,444 +4%
MCM
169
Moore Capital Management
New York
– -$6.39M -264,894 Closed
CAM
170
Cortina Asset Management
Wisconsin
– -$3.86M -159,791 Closed
Holocene Advisors
171
Holocene Advisors
New York
– -$479K -19,845 Closed
TSS
172
Two Sigma Securities
New York
– -$274K -11,349 Closed
Susquehanna International Group
173
Susquehanna International Group
Pennsylvania
– -$217K -9,002 Closed
Envestnet Asset Management
174
Envestnet Asset Management
Illinois
– -$200K -8,269 Closed
NFG
175
Next Financial Group
Texas
– -$196K -8,125 Closed
4 5 6
7
8

PFS Hedge Fund Activity: Q1 2019 in Review

169 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q1 2019, worth a combined $1.15B — up 4.6% from $1.1B a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new PFS positions and 12 closed out — a net gain of 14 holders — while 62 added to existing stakes and 54 trimmed.

The largest buyer was Millennium Management, adding an estimated $7.41M. The largest seller was Beacon Investment Advisory Services, cutting an estimated $25.6M.

  • 169 institutional investors held Provident Financial Services (PFS) as of Q1 2019, up from 157 in Q4 2018.
  • Funds reported $1.15B of Provident Financial Services stock for Q1 2019, up 4.6% quarter-over-quarter.
  • 26 funds opened new Provident Financial Services positions in Q1 2019 and 12 closed out, a net change of +14 holders.
  • The largest Provident Financial Services buyer in Q1 2019 was Millennium Management, an estimated $7.41M added.
  • The largest Provident Financial Services seller in Q1 2019 was Beacon Investment Advisory Services, an estimated $25.6M sold.

Based on aggregated 13F filings for Q1 2019.