Provident Financial Services
147 hedge funds and large institutions have $658M invested in Provident Financial Services in 2014 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 59 increasing their positions, 42 reducing their positions, and 5 closing their positions.
340% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 5
43% more capital inflows, than outflows
Capital inflows: $48.1M | Capital outflows: $33.5M
40% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 42
12% more funds holding
Funds holding: 131 → 147 (+16)
1.25% more ownership
Funds ownership: 61.79% → 63.04% (+1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$9.7M |
| 2 |
Millennium Management
New York
|
+$6.51M |
| 3 |
Keeley Asset Management
Chicago,
Illinois
|
+$4.75M |
| 4 |
BMCMI
Bryn Mawr Capital Management Inc
Bryn Mawr,
Pennsylvania
|
+$3.65M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Perkins Investment Management
Chicago,
Illinois
|
-$13.2M |
| 2 |
ING Group
Amsterdam,
Netherlands
|
-$4.6M |
| 3 |
BlackRock Fund Advisors
San Francisco,
California
|
-$3.36M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$2.17M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$2.06M |
PFS Hedge Fund Activity: Q2 2014 in Review
147 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q2 2014, worth a combined $658M — down 3.7% from $683M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new PFS positions and 5 closed out — a net gain of 17 holders — while 59 added to existing stakes and 42 trimmed.
The largest buyer was Norges Bank, adding an estimated $9.7M. The largest seller was Perkins Investment Management, cutting an estimated $13.2M.
- 147 institutional investors held Provident Financial Services (PFS) as of Q2 2014, up from 131 in Q1 2014.
- Funds reported $658M of Provident Financial Services stock for Q2 2014, down 3.7% quarter-over-quarter.
- 22 funds opened new Provident Financial Services positions in Q2 2014 and 5 closed out, a net change of +17 holders.
- The largest Provident Financial Services buyer in Q2 2014 was Norges Bank, an estimated $9.7M added.
- The largest Provident Financial Services seller in Q2 2014 was Perkins Investment Management, an estimated $13.2M sold.
Based on aggregated 13F filings for Q2 2014.