Provident Financial Services
131 hedge funds and large institutions have $715M invested in Provident Financial Services in 2013 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 50 increasing their positions, 46 reducing their positions, and 7 closing their positions.
86% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 7
19% more capital invested
Capital invested by funds: $599M → $715M (+$116M)
5% more funds holding
Funds holding: 125 → 131 (+6)
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
+$7.83M |
| 2 |
TA
Teachers Advisors
New York
|
+$3.8M |
| 3 |
HAI
Hennessy Advisors Inc
Novato,
California
|
+$3.04M |
| 4 |
Goldman Sachs
New York
|
+$2.76M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$10.7M |
| 2 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
-$6.23M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$3.59M |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$2.23M |
| 5 |
Renaissance Technologies
New York
|
-$2.1M |
PFS Hedge Fund Activity: Q4 2013 in Review
131 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q4 2013, worth a combined $715M — up 19% from $599M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new PFS positions and 7 closed out — a net gain of 6 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.
- 131 institutional investors held Provident Financial Services (PFS) as of Q4 2013, up from 125 in Q3 2013.
- Funds reported $715M of Provident Financial Services stock for Q4 2013, up 19% quarter-over-quarter.
- 13 funds opened new Provident Financial Services positions in Q4 2013 and 7 closed out, a net change of +6 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.