Provident Financial Services
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$9.91M |
| 2 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$4.44M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$4.33M |
| 4 |
Two Sigma Investments
New York
|
+$4.07M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
+$3.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
-$28.1M |
| 2 |
Morgan Stanley
New York
|
-$17M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
-$6.6M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
-$5.56M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$4.41M |
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.