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Provident Financial Services
PFS

149 hedge funds and large institutions have $878M invested in Provident Financial Services in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 56 increasing their positions, 49 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 49

8% more capital invested

Capital invested by funds: $811M → $878M (+$67.6M)

0.61% more ownership

Funds ownership: 62.45% → 63.06% (+0.61%)

3% less funds holding

Funds holding: 153 → 149 (-4)

27% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 11

Holders
149
Holders Change
-4
Holders Change %
-2.61%
% of All Funds
3.98%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
56
Reduced
49
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BFA
BlackRock Fund Advisors
California
+$8.05M
2
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$4.6M
3
Goldman Sachs
Goldman Sachs
New York
+$3.43M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$2.89M
5
MAM
Martingale Asset Management
Massachusetts
+$2.74M

Top Sellers

1
Jennison Associates
Jennison Associates
New York
-$5.82M
2
KAM
Keeley Asset Management
Illinois
-$3.39M
3
PI
Putnam Investments
Massachusetts
-$1.4M
4
HAI
Hennessy Advisors Inc
California
-$1.34M
5
DGHMC
Dalton, Greiner, Hartman, Maher & Co
New York
-$1.29M
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$119M +$77.9K +3,777 +0.1%
Vanguard Group
2
Vanguard Group
Pennsylvania
$104M +$2.89M +140,122 +3%
BFA
3
BlackRock Fund Advisors
California
$94M +$8.05M +390,437 +10%
Northern Trust
4
Northern Trust
Illinois
$49.4M +$1.11M +53,720 +2%
Goldman Sachs
5
Goldman Sachs
New York
$43.2M +$3.43M +166,134 +9%
BIT
6
BlackRock Institutional Trust
California
$34.2M +$188K +9,129 +0.6%
Wellington Management Group
7
Wellington Management Group
Massachusetts
$33.5M -$647K -31,381 -2%
KAM
8
Keeley Asset Management
Illinois
$32.1M -$3.39M -164,623 -10%
State Street
9
State Street
Massachusetts
$27.6M +$384K +18,612 +1%
Allianz Asset Management
10
Allianz Asset Management
Germany
$23.4M +$570K +27,624 +3%
Principal Financial Group
11
Principal Financial Group
Iowa
$22.7M +$132K +6,380 +0.6%
TA
12
Teachers Advisors
New York
$19.3M -$44.9K -2,177 -0.2%
Renaissance Technologies
13
Renaissance Technologies
New York
$19.3M -$41.2K -2,000 -0.2%
DGHMC
14
Dalton, Greiner, Hartman, Maher & Co
New York
$17.8M -$1.29M -62,584 -7%
Bank of New York Mellon
15
Bank of New York Mellon
New York
$17.5M +$536K +26,011 +3%
Norges Bank
16
Norges Bank
Norway
$15.2M – – –
Manulife (Manufacturers Life Insurance)
17
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$12.8M +$4.6M +222,989 +59%
Prudential Financial
18
Prudential Financial
New Jersey
$11.7M -$243K -11,790 -2%
Invesco
19
Invesco
Georgia
$11.3M +$2.22M +107,450 +25%
Ameriprise
20
Ameriprise
Minnesota
$10.1M -$1.17M -56,615 -11%
SFM
21
Systematic Financial Management
New Jersey
$9.71M -$429K -20,803 -4%
Geode Capital Management
22
Geode Capital Management
Massachusetts
$9.62M +$260K +12,607 +3%
HAI
23
Hennessy Advisors Inc
California
$5.94M -$1.34M -65,000 -19%
BIM
24
BlackRock Investment Management
Delaware
$5.94M -$9.17K -445 -0.2%
BCM
25
Bridgeway Capital Management
Texas
$5.31M – – –
1
2 3 4 5

PFS Hedge Fund Activity: Q3 2016 in Review

149 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q3 2016, worth a combined $878M — up 8.3% from $811M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of PFS and 8 opened new positions — a net loss of 3 holders — while 49 trimmed existing stakes and 56 added.

The largest buyer was BlackRock Fund Advisors, adding an estimated $8.05M. The largest seller was Jennison Associates, cutting an estimated $5.82M.

  • 149 institutional investors held Provident Financial Services (PFS) as of Q3 2016, down from 153 in Q2 2016.
  • Funds reported $878M of Provident Financial Services stock for Q3 2016, up 8.3% quarter-over-quarter.
  • 8 funds opened new Provident Financial Services positions in Q3 2016 and 11 closed out, a net change of -3 holders.
  • The largest Provident Financial Services buyer in Q3 2016 was BlackRock Fund Advisors, an estimated $8.05M added.
  • The largest Provident Financial Services seller in Q3 2016 was Jennison Associates, an estimated $5.82M sold.

Based on aggregated 13F filings for Q3 2016.