Provident Financial Services
149 hedge funds and large institutions have $567M invested in Provident Financial Services in 2020 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 54 increasing their positions, 46 reducing their positions, and 37 closing their positions.
12,800% more call options, than puts
Call options by funds: $645K | Put options by funds: $5K
17% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 46
0.18% less ownership
Funds ownership: 66.87% → 66.69% (-0.18%)
11% less funds holding
Funds holding: 168 → 149 (-19)
43% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 37
48% less capital invested
Capital invested by funds: $1.09B → $567M (-$521M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$12.3M |
| 2 |
State Street
Boston,
Massachusetts
|
+$4.26M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.93M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$1.87M |
| 5 |
Goldman Sachs
New York
|
+$1.87M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$7.08M |
| 2 |
Millennium Management
New York
|
-$5.2M |
| 3 |
MAP
Moody Aldrich Partners
Marblehead,
Massachusetts
|
-$3.94M |
| 4 |
Morgan Stanley
New York
|
-$2.71M |
| 5 |
BlackRock
New York
|
-$2.47M |
PFS Hedge Fund Activity: Q1 2020 in Review
149 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q1 2020, worth a combined $567M — down 48% from $1.09B a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of PFS and 21 opened new positions — a net loss of 16 holders — while 46 trimmed existing stakes and 54 added.
The largest buyer was JP Morgan Chase, adding an estimated $12.3M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $7.08M.
- 149 institutional investors held Provident Financial Services (PFS) as of Q1 2020, down from 168 in Q4 2019.
- Funds reported $567M of Provident Financial Services stock for Q1 2020, down 48% quarter-over-quarter.
- 21 funds opened new Provident Financial Services positions in Q1 2020 and 37 closed out, a net change of -16 holders.
- The largest Provident Financial Services buyer in Q1 2020 was JP Morgan Chase, an estimated $12.3M added.
- The largest Provident Financial Services seller in Q1 2020 was Manulife (Manufacturers Life Insurance), an estimated $7.08M sold.
Based on aggregated 13F filings for Q1 2020.