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Provident Financial Services
PFS

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.

New
Increased
Maintained
Reduced
Closed

340% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 5

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%)

4% less capital invested

Capital invested by funds: $682M → $658M (-$24.3M)

Holders
147
Holders Change
+16
Holders Change %
+12.21%
% of All Funds
4.23%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
22
Increased
59
Reduced
42
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Norges Bank
Norges Bank
Norway
+$9.73M
2
Millennium Management
Millennium Management
New York
+$6.51M
3
KAM
Keeley Asset Management
Illinois
+$4.75M
4
BMCMI
Bryn Mawr Capital Management Inc
Pennsylvania
+$3.65M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$2.44M

Top Sellers

1
PIM
Perkins Investment Management
Illinois
-$13.2M
2
IG
ING Group
Netherlands
-$4.6M
3
BFA
BlackRock Fund Advisors
California
-$3.36M
4
American Century Companies
American Century Companies
Missouri
-$2.17M
5
AQR Capital Management
AQR Capital Management
Connecticut
-$2.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$88.6M +$885K +50,963 +1%
Vanguard Group
2
Vanguard Group
Pennsylvania
$65.1M -$523K -30,098 -0.8%
BFA
3
BlackRock Fund Advisors
California
$50.8M -$3.36M -193,604 -6%
KAM
4
Keeley Asset Management
Illinois
$46.2M +$4.75M +273,611 +11%
Northern Trust
5
Northern Trust
Illinois
$34.9M +$684K +39,351 +2%
Goldman Sachs
6
Goldman Sachs
New York
$33.4M +$199K +11,475 +0.6%
HA
7
Heartland Advisors
Wisconsin
$30.5M – – –
BIT
8
BlackRock Institutional Trust
California
$28.1M -$175K -10,073 -0.6%
State Street
9
State Street
Massachusetts
$20.7M -$226K -12,999 -1%
Norges Bank
10
Norges Bank
Norway
$19.4M +$9.73M +560,246 +100%
Principal Financial Group
11
Principal Financial Group
Iowa
$15.4M +$98.7K +5,679 +0.6%
TA
12
Teachers Advisors
New York
$13.6M +$168K +9,650 +1%
Bank of New York Mellon
13
Bank of New York Mellon
New York
$11.9M -$1.62M -93,429 -12%
DGHMC
14
Dalton, Greiner, Hartman, Maher & Co
New York
$10.9M +$591K +34,000 +6%
SFM
15
Systematic Financial Management
New Jersey
$9.9M +$249K +14,314 +3%
HAI
16
Hennessy Advisors Inc
California
$9.53M +$1.39M +80,000 +17%
Acadian Asset Management
17
Acadian Asset Management
Massachusetts
$7.4M – – –
Ameriprise
18
Ameriprise
Minnesota
$7.35M +$258K +14,856 +4%
PI
19
Putnam Investments
Massachusetts
$6.91M -$88.6K -5,100 -1%
Millennium Management
20
Millennium Management
New York
$6.77M +$6.51M +374,875 +2,317%
TCIM
21
TIAA CREF Investment Management
New York
$5.68M -$39.1K -2,252 -0.7%
Geode Capital Management
22
Geode Capital Management
Massachusetts
$5.26M +$383K +22,026 +8%
Prudential Financial
23
Prudential Financial
New Jersey
$5.07M +$248K +14,257 +5%
Arrowstreet Capital
24
Arrowstreet Capital
Massachusetts
$4.8M +$2.44M +140,166 +102%
California Public Employees Retirement System
25
California Public Employees Retirement System
California
$4.27M -$45.2K -2,600 -1%
1
2 3 4 5

PFS Hedge Fund Activity: Q2 2014 in Review

147 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q2 2014, worth a combined $658M — down 3.6% from $682M 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 $9.73M. 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 3.6% 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 $9.73M 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.