Provident Financial Services
125 hedge funds and large institutions have $599M 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.
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)
4% more capital invested
Capital invested by funds: $578M → $599M (+$20.5M)
0.3% more ownership
Funds ownership: 61.42% → 61.72% (+0.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IG
ING Group
Amsterdam,
Netherlands
|
+$4.22M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$3.93M |
| 3 |
HAI
Hennessy Advisors Inc
Novato,
California
|
+$3.29M |
| 4 |
TA
Teachers Advisors
New York
|
+$2.77M |
| 5 |
KAM
Keeley Asset Management
Chicago,
Illinois
|
+$2.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
IronBridge Capital Management
Oakbrook Terrace,
Illinois
|
-$13.3M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
-$9.86M |
| 3 |
FG
FSI Group
Cincinnati,
Ohio
|
-$3.24M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.75M |
| 5 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
-$1.59M |
PFS Hedge Fund Activity: Q3 2013 in Review
125 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q3 2013, worth a combined $599M — 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 $599M 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.