Provident Financial Services
PFS
173 hedge funds and large institutions have $867M invested in Provident Financial Services in 2020 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 54 increasing their positions, 62 reducing their positions, and 17 closing their positions.
47% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 17
43% more capital invested
Capital invested by funds: $606M → $867M (+$260M)
5% more funds holding
Funds holding: 165 → 173 (+8)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.34% less ownership
Funds ownership: 63.03% → 61.69% (-1.3%)
13% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 62
86% less call options, than puts
Call options by funds: $28K | Put options by funds: $206K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
+$13.4M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
+$8.97M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$5.56M |
| 4 |
BlackRock
New York
|
+$4.48M |
| 5 |
Morgan Stanley
New York
|
+$3.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
-$28.8M |
| 2 |
Goldman Sachs
New York
|
-$7.92M |
| 3 |
JAM
Jacobs Asset Management
New York
|
-$5.68M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$4.18M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$2.41M |
PFS Hedge Fund Activity: Q4 2020 in Review
173 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q4 2020, worth a combined $867M — up 43% from $606M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new PFS positions and 17 closed out — a net gain of 8 holders — while 54 added to existing stakes and 62 trimmed.
The largest buyer was Principal Financial Group, adding an estimated $13.4M. The largest seller was Northern Trust, cutting an estimated $28.8M.
- 173 institutional investors held Provident Financial Services (PFS) as of Q4 2020, up from 165 in Q3 2020.
- Funds reported $867M of Provident Financial Services stock for Q4 2020, up 43% quarter-over-quarter.
- 25 funds opened new Provident Financial Services positions in Q4 2020 and 17 closed out, a net change of +8 holders.
- The largest Provident Financial Services buyer in Q4 2020 was Principal Financial Group, an estimated $13.4M added.
- The largest Provident Financial Services seller in Q4 2020 was Northern Trust, an estimated $28.8M sold.
Based on aggregated 13F filings for Q4 2020.