Provident Financial
PROV
51 hedge funds and large institutions have $59.3M invested in Provident Financial in 2020 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 14 reducing their positions, and 6 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 14
0% more funds holding
Funds holding: 51 → 51 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
0.14% less ownership
Funds ownership: 59.49% → 59.35% (-0.14%)
12% less capital invested
Capital invested by funds: $67.7M → $59.3M (-$8.46M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAM
Jacobs Asset Management
New York
|
+$577K |
| 2 |
MCM
Maltese Capital Management
New York
|
+$365K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$257K |
| 4 |
MI
M3F Inc
Salt Lake City,
Utah
|
+$239K |
| 5 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
+$191K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$937K |
| 2 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
-$896K |
| 3 |
BlackRock
New York
|
-$359K |
| 4 |
Renaissance Technologies
New York
|
-$180K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$163K |
PROV Hedge Fund Activity: Q2 2020 in Review
51 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Provident Financial (PROV) for Q2 2020, worth a combined $59.3M — down 12% from $67.7M a quarter earlier.
Fund positioning in PROV was balanced in Q2 2020: 6 funds opened new positions, 6 closed out, 19 added to existing stakes and 14 trimmed.
The largest buyer was Jacobs Asset Management, opening a new position worth an estimated $577K. The largest seller was Wellington Management Group, exiting entirely with an estimated $937K sold.
- 51 institutional investors held Provident Financial (PROV) as of Q2 2020, unchanged from Q1 2020.
- Funds reported $59.3M of Provident Financial stock for Q2 2020, down 12% quarter-over-quarter.
- 6 funds opened new Provident Financial positions in Q2 2020 and 6 closed out, a net change of 0 holders.
- The largest Provident Financial buyer in Q2 2020 was Jacobs Asset Management, an estimated $577K added.
- The largest Provident Financial seller in Q2 2020 was Wellington Management Group, an estimated $937K sold.
Based on aggregated 13F filings for Q2 2020.