Provident Financial Services
167 hedge funds and large institutions have $1.08B invested in Provident Financial Services in 2019 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 66 increasing their positions, 45 reducing their positions, and 20 closing their positions.
47% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 45
5% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 20
0.26% more ownership
Funds ownership: 66.58% → 66.84% (+0.26%)
1% less funds holding
Funds holding: 169 → 167 (-2)
6% less capital invested
Capital invested by funds: $1.15B → $1.08B (-$65.8M)
Top Buyers
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
+$10.1M |
| 2 |
Morgan Stanley
New York
|
+$6.28M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$3.73M |
| 4 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$2.84M |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$2.61M |
Top Sellers
| 1 |
KTA
Keeley-Teton Advisors
Chicago,
Illinois
|
-$3.23M |
| 2 |
3C
361 Capital
Denver,
Colorado
|
-$2.67M |
| 3 |
ZIM
Zacks Investment Management
Chicago,
Illinois
|
-$2.55M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$2.35M |
| 5 |
Goldman Sachs
New York
|
-$2.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PIA
176
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$400K | -15,466 | Closed |
|
|
RJFSA
177
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$210K | -8,127 | Closed |
|
178
CIBC Asset Management
Toronto,
Ontario, Canada
| – | -$210K | -8,114 | Closed |
|
|
QT
179
Quantamental Technologies
White Plains,
New York
| – | -$49K | -1,899 | Closed |
|
|
SWM
180
SeaCrest Wealth Management
Purchase,
New York
| – | -$23K | -906 | Closed |
|
|
LFA
181
Legacy Financial Advisors
Covington,
Kentucky
| – | -$10K | -387 | Closed |
|
|
WCM
182
WealthBridge Capital Management
Westerville,
Ohio
| – | -$9K | -349 | Closed |
|
|
MAM
183
Meeder Asset Management
Dublin,
Ohio
| – | -$9K | -330 | Closed |
|
|
WAM
184
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| – | -$5K | -210 | Closed |
|
|
CAM
185
Cresset Asset Management
Chicago,
Illinois
| – | -$5K | -194 | Closed |
|
|
RFC
186
Regions Financial Corp
Birmingham,
Alabama
| – | -$2K | -82 | Closed |
|
|
FGAM
187
Financial Gravity Asset Management
Lakeway,
Texas
| – | -$51 | -2 | -12% |
|
PFS Hedge Fund Activity: Q2 2019 in Review
167 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q2 2019, worth a combined $1.08B — down 5.7% from $1.15B a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new PFS positions and 20 closed out — a net gain of 1 holder — while 66 added to existing stakes and 45 trimmed.
The largest buyer was Nuveen, opening a new position worth an estimated $10.1M. The largest seller was Keeley-Teton Advisors, cutting an estimated $3.23M.
- 167 institutional investors held Provident Financial Services (PFS) as of Q2 2019, down from 169 in Q1 2019.
- Funds reported $1.08B of Provident Financial Services stock for Q2 2019, down 5.7% quarter-over-quarter.
- 21 funds opened new Provident Financial Services positions in Q2 2019 and 20 closed out, a net change of +1 holder.
- The largest Provident Financial Services buyer in Q2 2019 was Nuveen, an estimated $10.1M added.
- The largest Provident Financial Services seller in Q2 2019 was Keeley-Teton Advisors, an estimated $3.23M sold.
Based on aggregated 13F filings for Q2 2019.