Provident Financial Services
170 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, 63 increasing their positions, 53 reducing their positions, and 12 closing their positions.
117% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 12
19% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 53
8% more funds holding
Funds holding: 158 → 170 (+12)
5% more capital invested
Capital invested by funds: $1.1B → $1.15B (+$51.5M)
1.39% less ownership
Funds ownership: 68.04% → 66.65% (-1.4%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$7.41M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
+$6.43M |
| 3 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
+$3.56M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$2.82M |
| 5 |
State Street
Boston,
Massachusetts
|
+$2.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIAS
Beacon Investment Advisory Services
Morristown,
New Jersey
|
-$25.6M |
| 2 |
Thrivent Financial for Lutherans
Minneapolis,
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
Minneapolis,
Minnesota
|
-$5.91M |
PFS Hedge Fund Activity: Q1 2019 in Review
170 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q1 2019, worth a combined $1.15B — up 4.7% 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 63 added to existing stakes and 53 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.
- 170 institutional investors held Provident Financial Services (PFS) as of Q1 2019, up from 158 in Q4 2018.
- Funds reported $1.15B of Provident Financial Services stock for Q1 2019, up 4.7% 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.