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Provident Financial Services
PFS

125 hedge funds and large institutions have $598M invested in Provident Financial Services in 2013 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 53 increasing their positions, 35 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

143% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 7

51% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 35

8% more funds holding

Funds holding: 116 → 125 (+9)

3% more capital invested

Capital invested by funds: $578M → $598M (+$20.1M)

0.3% more ownership

Funds ownership: 61.42% → 61.72% (+0.3%)

Holders
125
Holders Change
+9
Holders Change %
+7.76%
% of All Funds
4.05%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
53
Reduced
35
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
IG
ING Group
Netherlands
+$4.22M
2
BFA
BlackRock Fund Advisors
California
+$3.93M
3
HAI
Hennessy Advisors Inc
California
+$3.29M
4
TA
Teachers Advisors
New York
+$2.77M
5
KAM
Keeley Asset Management
Illinois
+$2.3M

Top Sellers

1
ICM
IronBridge Capital Management
Illinois
-$13.3M
2
VOYA Investment Management
VOYA Investment Management
Georgia
-$9.86M
3
FG
FSI Group
Ohio
-$3.24M
4
AQR Capital Management
AQR Capital Management
Connecticut
-$1.75M
5
PIM
Perkins Investment Management
Illinois
-$1.59M
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$82.3M -$93.2K -5,523 -0.1%
Vanguard Group
2
Vanguard Group
Pennsylvania
$57.2M +$1.53M +90,376 +3%
BFA
3
BlackRock Fund Advisors
California
$49.4M +$3.93M +232,784 +8%
Northern Trust
4
Northern Trust
Illinois
$30.6M +$354K +20,984 +1%
Goldman Sachs
5
Goldman Sachs
New York
$29.4M +$960K +56,879 +3%
HA
6
Heartland Advisors
Wisconsin
$29M +$108K +6,400 +0.4%
BIT
7
BlackRock Institutional Trust
California
$27M -$366K -21,693 -1%
Bank of New York Mellon
8
Bank of New York Mellon
New York
$25.2M +$877K +51,932 +3%
KAM
9
Keeley Asset Management
Illinois
$25.1M +$2.3M +136,000 +10%
PIM
10
Perkins Investment Management
Illinois
$20.4M -$1.59M -94,100 -7%
State Street
11
State Street
Massachusetts
$19.3M +$70.5K +4,176 +0.4%
Principal Financial Group
12
Principal Financial Group
Iowa
$12.8M -$732K -43,396 -5%
BA
13
BlackRock Advisors
Delaware
$10M +$483K +28,590 +5%
DGHMC
14
Dalton, Greiner, Hartman, Maher & Co
New York
$9.51M +$460K +27,235 +5%
TA
15
Teachers Advisors
New York
$9.22M +$2.77M +164,158 +41%
SFM
16
Systematic Financial Management
New Jersey
$9.14M +$1.2M +70,925 +14%
Norges Bank
17
Norges Bank
Norway
$9.08M – – –
AQR Capital Management
18
AQR Capital Management
Connecticut
$6.08M -$1.75M -103,900 -22%
American Century Companies
19
American Century Companies
Missouri
$5.97M – – –
Ameriprise
20
Ameriprise
Minnesota
$5.94M +$623K +36,896 +11%
TCIM
21
TIAA CREF Investment Management
New York
$5.51M -$5.4K -320 -0.1%
Prudential Financial
22
Prudential Financial
New Jersey
$4.59M +$868K +51,420 +22%
Deutsche Bank
23
Deutsche Bank
Germany
$4.43M +$2.09M +123,664 +82%
California Public Employees Retirement System
24
California Public Employees Retirement System
California
$4.24M +$429K +25,400 +11%
Geode Capital Management
25
Geode Capital Management
Massachusetts
$4.23M +$365K +21,609 +9%
1
2 3 4 5

PFS Hedge Fund Activity: Q3 2013 in Review

125 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q3 2013, worth a combined $598M — up 3.5% from $578M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new PFS positions and 7 closed out — a net gain of 10 holders — while 53 added to existing stakes and 35 trimmed.

The largest buyer was ING Group, opening a new position worth an estimated $4.22M. The largest seller was IronBridge Capital Management, exiting entirely with an estimated $13.3M sold.

  • 125 institutional investors held Provident Financial Services (PFS) as of Q3 2013, up from 116 in Q2 2013.
  • Funds reported $598M of Provident Financial Services stock for Q3 2013, up 3.5% quarter-over-quarter.
  • 17 funds opened new Provident Financial Services positions in Q3 2013 and 7 closed out, a net change of +10 holders.
  • The largest Provident Financial Services buyer in Q3 2013 was ING Group, an estimated $4.22M added.
  • The largest Provident Financial Services seller in Q3 2013 was IronBridge Capital Management, an estimated $13.3M sold.

Based on aggregated 13F filings for Q3 2013.