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Provident Financial Services
PFS

165 hedge funds and large institutions have $648M invested in Provident Financial Services in 2020 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 56 increasing their positions, 49 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

417% more call options, than puts

Call options by funds: $895K | Put options by funds: $173K

107% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 15

14% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 49

14% more capital invested

Capital invested by funds: $570M → $648M (+$78.6M)

11% more funds holding

Funds holding: 149 → 165 (+16)

0.97% more ownership

Funds ownership: 67.02% → 67.99% (+0.97%)

Holders
165
Holders Change
+16
Holders Change %
+10.74%
% of All Funds
3.38%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
31
Increased
56
Reduced
49
Closed
15
Calls
$895K
Puts
$173K
Net Calls
+$722K
Net Calls Change
+$82K

Top Buyers

1
ProShare Advisors
ProShare Advisors
Maryland
+$7.02M
2
JAM
Jacobs Asset Management
New York
+$6.51M
3
WHG
Westwood Holdings Group
Texas
+$4.87M
4
MSL
Mackay Shields LLC
New York
+$2.46M
5
JP Morgan Chase
JP Morgan Chase
New York
+$2.04M

Top Sellers

1
Invesco
Invesco
Georgia
-$12.6M
2
Goldman Sachs
Goldman Sachs
New York
-$4.2M
3
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$3.66M
4
Renaissance Technologies
Renaissance Technologies
New York
-$3.41M
5
Victory Capital Management
Victory Capital Management
Texas
-$2.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
KTC
151
Kistler-Tiffany Companies
Pennsylvania
$8K +$187 +14 +3%
OPS
152
Orion Portfolio Solutions
Nebraska
$7K +$6.25K +468 New
MAM
153
Meeder Asset Management
Ohio
$7K +$6.7K +501 New
QCG
154
Quadrant Capital Group
Ohio
$6K +$5.68K +425 New
US Bancorp
155
US Bancorp
Minnesota
$5K -$43.5K -3,255 -90%
Fidelity Investments
156
Fidelity Investments
Massachusetts
$5K -$1.71K -128 -27%
MCM
157
MV Capital Management
Maryland
$5K – – –
HFA
158
HC Financial Advisors
California
$4K – – –
LC
159
Lindbrook Capital
California
$3K +$1.2K +90 +87%
PFBT
160
Parkside Financial Bank & Trust
Missouri
$3K +$2.65K +198 +900%
TWA
161
TCI Wealth Advisors
Arizona
$2K – – –
GEA
162
Glen Eagle Advisors
New Jersey
$1.11K -$3.85K -288 -79%
PA
163
Parallel Advisors
California
$1K – – –
PCG
164
Private Capital Group
Connecticut
$1K – – –
BGIM
165
Brandywine Global Investment Management
Pennsylvania
– -$1.67M -129,688 Closed
B
166
Bailard
California
– -$316K -24,600 Closed
MERSOM
167
Municipal Employees' Retirement System of Michigan
Michigan
– -$239K -18,550 Closed
PP
168
PDT Partners
New York
– -$190K -14,790 Closed
PTC
169
Petrus Trust Company
Texas
– -$174K -13,523 Closed
AB
170
Amalgamated Bank
New York
– -$129K -10,030 Closed
NFG
171
Next Financial Group
Texas
– -$104K -8,050 Closed
BBHC
172
Brown Brothers Harriman & Co
New York
– -$64K -5,000 Closed
IUHSA
173
Itau Unibanco Holding S.A.
Brazil
– -$45K -3,528 Closed
PCM
174
Prelude Capital Management
New York
– -$2K -193 Closed
S
175
SignatureFD
Georgia
– -$2K -144 Closed
4 5 6
7
8

PFS Hedge Fund Activity: Q2 2020 in Review

165 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q2 2020, worth a combined $648M — up 14% from $570M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new PFS positions and 15 closed out — a net gain of 16 holders — while 56 added to existing stakes and 49 trimmed.

The largest buyer was ProShare Advisors, opening a new position worth an estimated $7.02M. The largest seller was Invesco, cutting an estimated $12.6M.

  • 165 institutional investors held Provident Financial Services (PFS) as of Q2 2020, up from 149 in Q1 2020.
  • Funds reported $648M of Provident Financial Services stock for Q2 2020, up 14% quarter-over-quarter.
  • 31 funds opened new Provident Financial Services positions in Q2 2020 and 15 closed out, a net change of +16 holders.
  • The largest Provident Financial Services buyer in Q2 2020 was ProShare Advisors, an estimated $7.02M added.
  • The largest Provident Financial Services seller in Q2 2020 was Invesco, an estimated $12.6M sold.

Based on aggregated 13F filings for Q2 2020.