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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
CAPTRUST Financial Advisors
151
CAPTRUST Financial Advisors
North Carolina
$172K -$69.2K -4,356 -27%
IFA
152
Index Fund Advisors
California
$171K – – –
State of Wisconsin Investment Board
153
State of Wisconsin Investment Board
Wisconsin
$170K -$147K -9,242 -44%
MFS
154
Mirabella Financial Services
United Kingdom
$170K +$185K +11,625 New
QT
155
Quantbot Technologies
New York
$169K +$184K +11,569 New
Pathstone Holdings
156
Pathstone Holdings
New Jersey
$166K +$10.5K +663 +6%
Cerity Partners
157
Cerity Partners
New York
$153K +$167K +10,513 New
BCM
158
Bayesian Capital Management
New York
$149K +$162K +10,200 New
Point72 Asset Management
159
Point72 Asset Management
Connecticut
$122K +$77.9K +4,900 +140%
PD
160
Point72 (DIFC)
United Arab Emirates
$120K +$130K +8,204 New
California State Teachers Retirement System (CalSTRS)
161
California State Teachers Retirement System (CalSTRS)
California
$117K -$64.7K -4,069 -34%
AIP
162
Ameritas Investment Partners
Nebraska
$106K – – –
SPIA
163
Steward Partners Investment Advisory
New York
$90.3K – – –
EC
164
EntryPoint Capital
New York
$75.6K +$82.5K +5,189 New
Osaic Holdings
165
Osaic Holdings
Arizona
$61.1K +$60.6K +3,812 +1,003%
MLICM
166
Metropolitan Life Insurance Company (MetLife)
New York
$56.7K -$8.82K -555 -12%
PP
167
PFS Partners
New Jersey
$42.6K – – –
Nisa Investment Advisors
168
Nisa Investment Advisors
Missouri
$41.3K -$14.3K -900 -24%
QL
169
Quarry LP
New York
$40.2K +$36.1K +2,272 +467%
KBC Group
170
KBC Group
Belgium
$39K – – –
Northwestern Mutual Wealth Management
171
Northwestern Mutual Wealth Management
Wisconsin
$32.3K +$64 +4 +0.2%
BAM
172
Byrne Asset Management
New Jersey
$22.6K – – –
Ohio Public Employees Retirement System (OPERS)
173
Ohio Public Employees Retirement System (OPERS)
Ohio
$22.1K -$1.94M -122,060 -99%
PHK
174
Point72 Hong Kong
Hong Kong
$21.9K +$23.8K +1,500 New
VCM
175
Versant Capital Management
Arizona
$15.2K +$7.91K +498 +91%
5 6
7
8 9

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.