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Provident Financial Services
PFS

206 hedge funds and large institutions have $805M invested in Provident Financial Services in 2024 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 70 increasing their positions, 67 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

982% more call options, than puts

Call options by funds: $411K | Put options by funds: $38K

57% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 23

7% more funds holding

Funds holding: 193 → 206 (+13)

4% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 67

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.11% less ownership

Funds ownership: 74.08% → 72.98% (-1.1%)

20% less capital invested

Capital invested by funds: $1.01B → $805M (-$205M)

Holders
206
Holders Change
+13
Holders Change %
+6.74%
% of All Funds
2.97%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
36
Increased
70
Reduced
67
Closed
23
Calls
$411K
Puts
$38K
Net Calls
+$373K
Net Calls Change
+$477K

Top Buyers

1
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$9.91M
2
CSS
Cubist Systematic Strategies
Connecticut
+$4.44M
3
AQR Capital Management
AQR Capital Management
Connecticut
+$4.33M
4
Two Sigma Investments
Two Sigma Investments
New York
+$4.07M
5
Voloridge Investment Management
Voloridge Investment Management
Florida
+$3.78M

Top Sellers

1
WHG
Westwood Holdings Group
Texas
-$28.1M
2
Morgan Stanley
Morgan Stanley
New York
-$17M
3
N
Nuveen
North Carolina
-$6.6M
4
Victory Capital Management
Victory Capital Management
Texas
-$5.56M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$4.41M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$164M +$3.57M +224,602 +2%
Vanguard Group
2
Vanguard Group
Pennsylvania
$125M -$664K -41,800 -0.5%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$74.9M -$4.41M -277,244 -5%
State Street
4
State Street
Massachusetts
$64.7M +$2.89M +182,093 +4%
American Century Companies
5
American Century Companies
Missouri
$33.9M -$2.11M -132,910 -5%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$24.1M +$882K +55,483 +3%
Millennium Management
7
Millennium Management
New York
$23.7M +$577K +36,338 +2%
Bank of New York Mellon
8
Bank of New York Mellon
New York
$15M -$134K -8,454 -0.8%
Charles Schwab
9
Charles Schwab
California
$14.6M +$1.06M +66,905 +7%
Morgan Stanley
10
Morgan Stanley
New York
$13.3M -$17M -1,071,441 -54%
SFM
11
Systematic Financial Management
New Jersey
$10.9M -$12.3K -772 -0.1%
Northern Trust
12
Northern Trust
Illinois
$10.9M -$216K -13,585 -2%
Hotchkis & Wiley Capital Management
13
Hotchkis & Wiley Capital Management
California
$10.9M +$3.29M +206,810 +38%
LWA
14
Ledgewood Wealth Advisors
New Hampshire
$9.31M +$152K +9,596 +2%
Balyasny Asset Management
15
Balyasny Asset Management
Illinois
$9.09M +$9.91M +623,546 New
Goldman Sachs
16
Goldman Sachs
New York
$8.08M -$1.53M -96,332 -15%
AQR Capital Management
17
AQR Capital Management
Connecticut
$7.59M +$4.33M +272,588 +110%
Norges Bank
18
Norges Bank
Norway
$6.58M -$1.13M -71,136 -14%
Invesco
19
Invesco
Georgia
$6.19M +$1.09M +68,671 +19%
Principal Financial Group
20
Principal Financial Group
Iowa
$5.71M -$23.7K -1,489 -0.4%
BCM
21
Bridgeway Capital Management
Texas
$5.29M -$246K -15,464 -4%
Walleye Capital
22
Walleye Capital
New York
$5.28M +$2.18M +136,994 +61%
Voloridge Investment Management
23
Voloridge Investment Management
Florida
$4.89M +$3.78M +238,118 +244%
Fidelity Investments
24
Fidelity Investments
Massachusetts
$4.81M +$2.42M +152,155 +86%
Ameriprise
25
Ameriprise
Minnesota
$4.76M +$354K +22,294 +7%
1
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PFS Hedge Fund Activity: Q1 2024 in Review

206 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q1 2024, worth a combined $805M — down 20% from $1.01B a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new PFS positions and 23 closed out — a net gain of 13 holders — while 70 added to existing stakes and 67 trimmed.

The largest buyer was Balyasny Asset Management, opening a new position worth an estimated $9.91M. The largest seller was Westwood Holdings Group, cutting an estimated $28.1M.

  • 206 institutional investors held Provident Financial Services (PFS) as of Q1 2024, up from 193 in Q4 2023.
  • Funds reported $805M of Provident Financial Services stock for Q1 2024, down 20% quarter-over-quarter.
  • 36 funds opened new Provident Financial Services positions in Q1 2024 and 23 closed out, a net change of +13 holders.
  • The largest Provident Financial Services buyer in Q1 2024 was Balyasny Asset Management, an estimated $9.91M added.
  • The largest Provident Financial Services seller in Q1 2024 was Westwood Holdings Group, an estimated $28.1M sold.

Based on aggregated 13F filings for Q1 2024.