Provident Financial Services
PFS
142 hedge funds and large institutions have $626M invested in Provident Financial Services in 2014 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 61 increasing their positions, 44 reducing their positions, and 15 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 44
5% less capital invested
Capital invested by funds: $658M → $626M (-$31.8M)
3% less funds holding
Funds holding: 147 → 142 (-5)
4.46% less ownership
Funds ownership: 63.04% → 58.58% (-4.5%)
33% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
+$3.53M |
| 2 |
Millennium Management
New York
|
+$3.03M |
| 3 |
Renaissance Technologies
New York
|
+$2.93M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$2.28M |
| 5 |
BMCMI
Bryn Mawr Capital Management Inc
Bryn Mawr,
Pennsylvania
|
+$2.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$9.47M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$4.09M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$3.25M |
| 4 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
-$1.63M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$1.58M |
PFS Hedge Fund Activity: Q3 2014 in Review
142 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q3 2014, worth a combined $626M — down 4.8% from $658M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of PFS and 10 opened new positions — a net loss of 5 holders — while 44 trimmed existing stakes and 61 added.
The largest buyer was Maltese Capital Management, adding an estimated $3.53M. The largest seller was Norges Bank, cutting an estimated $9.47M.
- 142 institutional investors held Provident Financial Services (PFS) as of Q3 2014, down from 147 in Q2 2014.
- Funds reported $626M of Provident Financial Services stock for Q3 2014, down 4.8% quarter-over-quarter.
- 10 funds opened new Provident Financial Services positions in Q3 2014 and 15 closed out, a net change of -5 holders.
- The largest Provident Financial Services buyer in Q3 2014 was Maltese Capital Management, an estimated $3.53M added.
- The largest Provident Financial Services seller in Q3 2014 was Norges Bank, an estimated $9.47M sold.
Based on aggregated 13F filings for Q3 2014.