Provident Financial Services
150 hedge funds and large institutions have $885M 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.
14% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 49
9% more capital invested
Capital invested by funds: $811M → $885M (+$74.4M)
0.61% more ownership
Funds ownership: 62.45% → 63.06% (+0.61%)
3% less funds holding
Funds holding: 154 → 150 (-4)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$8.05M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$4.6M |
| 3 |
Goldman Sachs
New York
|
+$3.43M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.89M |
| 5 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
+$2.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
-$5.82M |
| 2 |
KAM
Keeley Asset Management
Chicago,
Illinois
|
-$3.39M |
| 3 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$1.4M |
| 4 |
HAI
Hennessy Advisors Inc
Novato,
California
|
-$1.34M |
| 5 |
DGHMC
Dalton, Greiner, Hartman, Maher & Co
New York
|
-$1.29M |
PFS Hedge Fund Activity: Q3 2016 in Review
150 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q3 2016, worth a combined $885M — up 9.2% 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.
- 150 institutional investors held Provident Financial Services (PFS) as of Q3 2016, down from 154 in Q2 2016.
- Funds reported $885M of Provident Financial Services stock for Q3 2016, up 9.2% 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.