Provident Financial Services
253 hedge funds and large institutions have $1.29B invested in Provident Financial Services in 2024 Q2 according to their latest regulatory filings, with 81 funds opening new positions, 120 increasing their positions, 38 reducing their positions, and 32 closing their positions.
216% more repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 38
153% more first-time investments, than exits
New positions opened: 81 | Existing positions closed: 32
60% more capital invested
Capital invested by funds: $805M → $1.29B (+$484M)
22% more funds holding
Funds holding: 207 → 253 (+46)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4.19% less ownership
Funds ownership: 72.98% → 68.78% (-4.2%)
99% less call options, than puts
Call options by funds: $806K | Put options by funds: $145M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$85.6M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$85.3M |
| 3 |
HSBC Holdings
London,
United Kingdom
|
+$56.8M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$38.5M |
| 5 |
State Street
Boston,
Massachusetts
|
+$36.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$16M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$8.63M |
| 3 |
Walleye Capital
New York
|
-$4.58M |
| 4 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
-$4.24M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$3.94M |
PFS Hedge Fund Activity: Q2 2024 in Review
253 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q2 2024, worth a combined $1.29B — up 60% from $805M a quarter earlier.
Buyers outnumbered sellers: 81 funds opened new PFS positions and 32 closed out — a net gain of 49 holders — while 120 added to existing stakes and 38 trimmed.
The largest buyer was BlackRock, adding an estimated $85.6M. The largest seller was Millennium Management, cutting an estimated $16M.
- 253 institutional investors held Provident Financial Services (PFS) as of Q2 2024, up from 207 in Q1 2024.
- Funds reported $1.29B of Provident Financial Services stock for Q2 2024, up 60% quarter-over-quarter.
- 81 funds opened new Provident Financial Services positions in Q2 2024 and 32 closed out, a net change of +49 holders.
- The largest Provident Financial Services buyer in Q2 2024 was BlackRock, an estimated $85.6M added.
- The largest Provident Financial Services seller in Q2 2024 was Millennium Management, an estimated $16M sold.
Based on aggregated 13F filings for Q2 2024.