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Provident Financial Services
PFS

169 hedge funds and large institutions have $1.15B invested in Provident Financial Services in 2019 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 62 increasing their positions, 54 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 12

15% more repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 54

8% more funds holding

Funds holding: 157 → 169 (+12)

5% more capital invested

Capital invested by funds: $1.1B → $1.15B (+$50.1M)

1.46% less ownership

Funds ownership: 68.04% → 66.58% (-1.5%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
169
Holders Change
+12
Holders Change %
+7.64%
% of All Funds
3.66%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
26
Increased
62
Reduced
54
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Millennium Management
Millennium Management
New York
+$7.41M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$6.43M
3
MAM
Martingale Asset Management
Massachusetts
+$3.56M
4
Invesco
Invesco
Georgia
+$2.82M
5
State Street
State Street
Massachusetts
+$2.75M

Top Sellers

1
BIAS
Beacon Investment Advisory Services
New Jersey
-$25.6M
2
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$12.9M
3
DGHMC
Dalton, Greiner, Hartman, Maher & Co
New York
-$8.12M
4
MCM
Moore Capital Management
New York
-$6.39M
5
Ameriprise
Ameriprise
Minnesota
-$5.91M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$240M -$1.62M -61,790 -0.7%
Vanguard Group
2
Vanguard Group
Pennsylvania
$165M +$1.14M +43,629 +0.7%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$140M -$5.86M -223,547 -4%
Northern Trust
4
Northern Trust
Illinois
$62.4M -$28.1K -1,070 -0%
Goldman Sachs
5
Goldman Sachs
New York
$50.4M +$1.82M +69,300 +4%
State Street
6
State Street
Massachusetts
$46.4M +$2.75M +104,829 +6%
Renaissance Technologies
7
Renaissance Technologies
New York
$35.7M -$83.9K -3,200 -0.2%
Norges Bank
8
Norges Bank
Norway
$25.8M – – –
Bank of New York Mellon
9
Bank of New York Mellon
New York
$24.8M -$332K -12,649 -1%
Manulife (Manufacturers Life Insurance)
10
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$22.8M -$534K -20,360 -2%
Invesco
11
Invesco
Georgia
$20.9M +$2.82M +107,750 +15%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$18.7M +$1.17M +44,745 +7%
DGHMC
13
Dalton, Greiner, Hartman, Maher & Co
New York
$16.6M -$8.12M -309,776 -33%
Millennium Management
14
Millennium Management
New York
$16.5M +$7.41M +282,716 +80%
SFM
15
Systematic Financial Management
New Jersey
$15.3M +$26K +991 +0.2%
Aberdeen Group
16
Aberdeen Group
United Kingdom
$12.9M -$1.31M -50,000 -9%
Principal Financial Group
17
Principal Financial Group
Iowa
$12.7M -$406K -15,473 -3%
KTA
18
Keeley-Teton Advisors
Illinois
$12.3M -$1.24M -47,240 -9%
Charles Schwab
19
Charles Schwab
California
$12M +$506K +19,314 +4%
Prudential Financial
20
Prudential Financial
New Jersey
$9.62M -$2.45M -93,468 -20%
Ameriprise
21
Ameriprise
Minnesota
$9.44M -$5.91M -225,588 -38%
Acadian Asset Management
22
Acadian Asset Management
Massachusetts
$8.72M +$6.43M +245,193 +267%
PPA
23
Parametric Portfolio Associates
Washington
$7.73M +$1.58M +60,311 +25%
TCIM
24
TIAA CREF Investment Management
New York
$7.13M +$1.37M +52,336 +23%
MAM
25
Martingale Asset Management
Massachusetts
$6.74M +$3.56M +135,908 +109%
1
2 3 4 5

PFS Hedge Fund Activity: Q1 2019 in Review

169 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q1 2019, worth a combined $1.15B — up 4.6% from $1.1B a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new PFS positions and 12 closed out — a net gain of 14 holders — while 62 added to existing stakes and 54 trimmed.

The largest buyer was Millennium Management, adding an estimated $7.41M. The largest seller was Beacon Investment Advisory Services, cutting an estimated $25.6M.

  • 169 institutional investors held Provident Financial Services (PFS) as of Q1 2019, up from 157 in Q4 2018.
  • Funds reported $1.15B of Provident Financial Services stock for Q1 2019, up 4.6% quarter-over-quarter.
  • 26 funds opened new Provident Financial Services positions in Q1 2019 and 12 closed out, a net change of +14 holders.
  • The largest Provident Financial Services buyer in Q1 2019 was Millennium Management, an estimated $7.41M added.
  • The largest Provident Financial Services seller in Q1 2019 was Beacon Investment Advisory Services, an estimated $25.6M sold.

Based on aggregated 13F filings for Q1 2019.