Provident Financial Services
188 hedge funds and large institutions have $904M invested in Provident Financial Services in 2023 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 59 increasing their positions, 70 reducing their positions, and 31 closing their positions.
1.31% more ownership
Funds ownership: 71.86% → 73.17% (+1.3%)
4% less funds holding
Funds holding: 196 → 188 (-8)
13% less capital invested
Capital invested by funds: $1.04B → $904M (-$133M)
16% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 70
26% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 31
29% less call options, than puts
Call options by funds: $144K | Put options by funds: $203K
Top Buyers
| 1 |
Millennium Management
New York
|
+$19.1M |
| 2 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$3.94M |
| 3 |
HI
HBK Investments
Dallas,
Texas
|
+$3.25M |
| 4 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$2.78M |
| 5 |
HF
HRT Financial
New York
|
+$2.62M |
Top Sellers
| 1 |
Janus Henderson Group
London,
United Kingdom
|
-$7.85M |
| 2 |
Goldman Sachs
New York
|
-$4.75M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$4.43M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$3.12M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
-$2.59M |
PFS Hedge Fund Activity: Q2 2023 in Review
188 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q2 2023, worth a combined $904M — down 13% from $1.04B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of PFS and 23 opened new positions — a net loss of 8 holders — while 70 trimmed existing stakes and 59 added.
The largest buyer was Millennium Management, adding an estimated $19.1M. The largest seller was Janus Henderson Group, cutting an estimated $7.85M.
- 188 institutional investors held Provident Financial Services (PFS) as of Q2 2023, down from 196 in Q1 2023.
- Funds reported $904M of Provident Financial Services stock for Q2 2023, down 13% quarter-over-quarter.
- 23 funds opened new Provident Financial Services positions in Q2 2023 and 31 closed out, a net change of -8 holders.
- The largest Provident Financial Services buyer in Q2 2023 was Millennium Management, an estimated $19.1M added.
- The largest Provident Financial Services seller in Q2 2023 was Janus Henderson Group, an estimated $7.85M sold.
Based on aggregated 13F filings for Q2 2023.