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Provident Financial Services
PFS

130 hedge funds and large institutions have $714M invested in Provident Financial Services in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 50 increasing their positions, 46 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

19% more capital invested

Capital invested by funds: $598M → $714M (+$115M)

4% more funds holding

Funds holding: 125 → 130 (+5)

9% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 46

0.05% more ownership

Funds ownership: 61.72% → 61.77% (+0.05%)

Holders
130
Holders Change
+5
Holders Change %
+4%
% of All Funds
3.77%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
50
Reduced
46
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$7.83M
2
TA
Teachers Advisors
New York
+$3.8M
3
HAI
Hennessy Advisors Inc
California
+$3.04M
4
Goldman Sachs
Goldman Sachs
New York
+$2.76M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$2.35M

Top Sellers

1
BA
BlackRock Advisors
Delaware
-$10.7M
2
PIM
Perkins Investment Management
Illinois
-$6.23M
3
Deutsche Bank
Deutsche Bank
Germany
-$3.59M
4
KCM
Kennedy Capital Management
Missouri
-$2.23M
5
Renaissance Technologies
Renaissance Technologies
New York
-$2.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$98.1M -$11.7K -637 -0%
Vanguard Group
2
Vanguard Group
Pennsylvania
$70.3M +$1.98M +107,694 +3%
BFA
3
BlackRock Fund Advisors
California
$60.2M +$1.21M +65,678 +2%
Goldman Sachs
4
Goldman Sachs
New York
$37.9M +$2.76M +150,017 +8%
Northern Trust
5
Northern Trust
Illinois
$37.9M +$1.28M +69,430 +4%
HA
6
Heartland Advisors
Wisconsin
$33.8M -$714K -38,800 -2%
BIT
7
BlackRock Institutional Trust
California
$31.3M -$833K -45,272 -3%
KAM
8
Keeley Asset Management
Illinois
$30.9M +$920K +50,000 +3%
Bank of New York Mellon
9
Bank of New York Mellon
New York
$30.8M +$759K +41,233 +3%
State Street
10
State Street
Massachusetts
$23M -$27.9K -1,514 -0.1%
PIM
11
Perkins Investment Management
Illinois
$17.8M -$6.23M -338,419 -27%
Principal Financial Group
12
Principal Financial Group
Iowa
$16.7M +$1.37M +74,161 +9%
TA
13
Teachers Advisors
New York
$15M +$3.8M +206,300 +36%
DGHMC
14
Dalton, Greiner, Hartman, Maher & Co
New York
$11.6M +$228K +12,401 +2%
SFM
15
Systematic Financial Management
New Jersey
$10.9M -$13.6K -741 -0.1%
Norges Bank
16
Norges Bank
Norway
$10.8M – – –
Acadian Asset Management
17
Acadian Asset Management
Massachusetts
$8.22M +$7.83M +425,623 New
Ameriprise
18
Ameriprise
Minnesota
$7.74M +$630K +34,252 +9%
American Century Companies
19
American Century Companies
Missouri
$7.33M +$214K +11,630 +3%
HAI
20
Hennessy Advisors Inc
California
$6.96M +$3.04M +165,000 +85%
TCIM
21
TIAA CREF Investment Management
New York
$6.46M -$99K -5,380 -2%
AQR Capital Management
22
AQR Capital Management
Connecticut
$6.16M -$1.04M -56,639 -15%
Prudential Financial
23
Prudential Financial
New Jersey
$5.57M +$92K +5,000 +2%
Geode Capital Management
24
Geode Capital Management
Massachusetts
$5.17M +$119K +6,456 +2%
California Public Employees Retirement System
25
California Public Employees Retirement System
California
$5.09M -$14.6K -792 -0.3%
1
2 3 4 5

PFS Hedge Fund Activity: Q4 2013 in Review

130 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q4 2013, worth a combined $714M — up 19% from $598M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new PFS positions and 7 closed out — a net gain of 5 holders — while 50 added to existing stakes and 46 trimmed.

The largest buyer was Acadian Asset Management, opening a new position worth an estimated $7.83M. The largest seller was BlackRock Advisors, cutting an estimated $10.7M.

  • 130 institutional investors held Provident Financial Services (PFS) as of Q4 2013, up from 125 in Q3 2013.
  • Funds reported $714M of Provident Financial Services stock for Q4 2013, up 19% quarter-over-quarter.
  • 12 funds opened new Provident Financial Services positions in Q4 2013 and 7 closed out, a net change of +5 holders.
  • The largest Provident Financial Services buyer in Q4 2013 was Acadian Asset Management, an estimated $7.83M added.
  • The largest Provident Financial Services seller in Q4 2013 was BlackRock Advisors, an estimated $10.7M sold.

Based on aggregated 13F filings for Q4 2013.