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Provident Financial Services
PFS

173 hedge funds and large institutions have $867M invested in Provident Financial Services in 2020 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 54 increasing their positions, 62 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

47% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 17

43% more capital invested

Capital invested by funds: $606M → $867M (+$260M)

5% more funds holding

Funds holding: 165 → 173 (+8)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.34% less ownership

Funds ownership: 63.03% → 61.69% (-1.3%)

13% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 62

86% less call options, than puts

Call options by funds: $28K | Put options by funds: $206K

Holders
173
Holders Change
+8
Holders Change %
+4.85%
% of All Funds
3.06%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
25
Increased
54
Reduced
62
Closed
17
Calls
$28K
Puts
$206K
Net Calls
-$178K
Net Calls Change
+$1.24M

Top Buyers

Rank Fund Capital Flow
1
Principal Financial Group
Principal Financial Group
Iowa
+$13.4M
2
VOYA Investment Management
VOYA Investment Management
Georgia
+$8.97M
3
Invesco
Invesco
Georgia
+$5.56M
4
BlackRock
BlackRock
New York
+$4.48M
5
Morgan Stanley
Morgan Stanley
New York
+$3.71M

Top Sellers

Rank Fund Capital Flow
1
Northern Trust
Northern Trust
Illinois
-$28.8M
2
Goldman Sachs
Goldman Sachs
New York
-$7.92M
3
JAM
Jacobs Asset Management
New York
-$5.68M
4
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$4.18M
5
Citadel Advisors
Citadel Advisors
Florida
-$2.41M
Name Holding Trade Value Shares
Change 		Change in
Stake
Squarepoint
176
Squarepoint
New York
– -$416K -34,124 Closed
AIMCA
177
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
– -$381K -31,200 Closed
CIC
178
Cornercap Investment Counsel
Georgia
– -$373K -30,560 Closed
CANY
179
Caxton Associates (New York)
New York
– -$306K -25,087 Closed
RJFSA
180
Raymond James Financial Services Advisors
Florida
– -$217K -17,821 Closed
ECM
181
ExodusPoint Capital Management
New York
– -$200K -16,367 Closed
Two Sigma Investments
182
Two Sigma Investments
New York
– -$175K -14,332 Closed
MSL
183
Mackay Shields LLC
New York
– -$151K -12,400 Closed
AI
184
Atom Investors
Texas
– -$149K -12,248 Closed
BCI
185
Brinker Capital Investments
Pennsylvania
– -$134K -11,013 Closed
FCBT
186
First Citizens Bank & Trust
North Carolina
– -$127K -10,439 Closed
PVH
187
Psagot Value Holdings
Israel
– -$16.9K -1,111 -3%
ASN
188
Advisory Services Network
Georgia
– -$2.18K -143 Closed
TF
189
Tompkins Financial
New York
– +$396 +26 New
4 5 6 7
8

PFS Hedge Fund Activity: Q4 2020 in Review

173 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q4 2020, worth a combined $867M — up 43% from $606M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new PFS positions and 17 closed out — a net gain of 8 holders — while 54 added to existing stakes and 62 trimmed.

The largest buyer was Principal Financial Group, adding an estimated $13.4M. The largest seller was Northern Trust, cutting an estimated $28.8M.

  • 173 institutional investors held Provident Financial Services (PFS) as of Q4 2020, up from 165 in Q3 2020.
  • Funds reported $867M of Provident Financial Services stock for Q4 2020, up 43% quarter-over-quarter.
  • 25 funds opened new Provident Financial Services positions in Q4 2020 and 17 closed out, a net change of +8 holders.
  • The largest Provident Financial Services buyer in Q4 2020 was Principal Financial Group, an estimated $13.4M added.
  • The largest Provident Financial Services seller in Q4 2020 was Northern Trust, an estimated $28.8M sold.

Based on aggregated 13F filings for Q4 2020.