Provident Financial Services
168 hedge funds and large institutions have $1.13B invested in Provident Financial Services in 2018 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 60 increasing their positions, 54 reducing their positions, and 18 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 54
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.12% less ownership
Funds ownership: 66.4% → 66.27% (-0.12%)
1% less funds holding
Funds holding: 169 → 168 (-1)
5% less capital invested
Capital invested by funds: $1.19B → $1.13B (-$57.2M)
6% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 18
Top Buyers
| 1 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$4.54M |
| 2 |
Millennium Management
New York
|
+$3.36M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$3.19M |
| 4 |
GC
Gillson Capital
Chicago,
Illinois
|
+$2.37M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$1.97M |
Top Sellers
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$14.7M |
| 2 |
Creative Planning
Overland Park,
Kansas
|
-$1.41M |
| 3 |
Goldman Sachs
New York
|
-$1.27M |
| 4 |
KTA
Keeley-Teton Advisors
Chicago,
Illinois
|
-$1.26M |
| 5 |
EGM
Engineers Gate Manager
New York
|
-$1.22M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TC
176
Telemus Capital
Southfield,
Michigan
| – | -$206K | -7,650 | Closed |
|
|
CA
177
Calton & Associates
Tampa,
Florida
| – | -$190K | -6,890 | Closed |
|
|
II
178
Inspire Investing
Meridian,
Idaho
| – | -$58K | -2,165 | Closed |
|
|
DCM
179
Delpha Capital Management
New York
| – | -$31K | -1,133 | Closed |
|
180
Bessemer Group
Woodbridge,
New Jersey
| – | -$12K | -435 | Closed |
|
|
STA
181
Summit Trail Advisors
New York
| – | -$11K | -385 | Closed |
|
|
RWA
182
Ropes Wealth Advisors
Boston,
Massachusetts
| – | -$5K | -195 | Closed |
|
|
MAM
183
Meeder Asset Management
Dublin,
Ohio
| – | -$5K | -194 | Closed |
|
184
AssetMark Inc
Concord,
California
| – | -$1K | -55 | Closed |
|
185
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$1K | -46 | Closed |
|
|
JA
186
JOYN Advisors
Atlanta,
Georgia
| – | +$184 | +7 | New |
|
PFS Hedge Fund Activity: Q1 2018 in Review
168 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q1 2018, worth a combined $1.13B — down 4.8% from $1.19B a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of PFS and 17 opened new positions — a net loss of 1 holder — while 54 trimmed existing stakes and 60 added.
The largest buyer was PNC Financial Services Group, adding an estimated $4.54M. The largest seller was Wellington Management Group, exiting entirely with an estimated $14.7M sold.
- 168 institutional investors held Provident Financial Services (PFS) as of Q1 2018, down from 169 in Q4 2017.
- Funds reported $1.13B of Provident Financial Services stock for Q1 2018, down 4.8% quarter-over-quarter.
- 17 funds opened new Provident Financial Services positions in Q1 2018 and 18 closed out, a net change of -1 holder.
- The largest Provident Financial Services buyer in Q1 2018 was PNC Financial Services Group, an estimated $4.54M added.
- The largest Provident Financial Services seller in Q1 2018 was Wellington Management Group, an estimated $14.7M sold.
Based on aggregated 13F filings for Q1 2018.