Provident Financial
PROV
33 hedge funds and large institutions have $57.5M invested in Provident Financial in 2021 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 6 increasing their positions, 17 reducing their positions, and 4 closing their positions.
4.26% less ownership
Funds ownership: 55.58% → 51.32% (-4.3%)
8% less funds holding
Funds holding: 36 → 33 (-3)
19% less capital invested
Capital invested by funds: $70.7M → $57.5M (-$13.2M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
65% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 17
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MI
M3F Inc
Salt Lake City,
Utah
|
+$527K |
| 2 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
+$233K |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$158K |
| 4 |
PCM
Prelude Capital Management
New York
|
+$72.9K |
| 5 |
BlackRock
New York
|
+$31.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$4.89M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$876K |
| 3 |
MCM
Maltese Capital Management
New York
|
-$317K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$191K |
| 5 |
Renaissance Technologies
New York
|
-$175K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
26
Tower Research Capital (TRC)
New York
| $6K | +$4.78K | +285 | +438% |
|
|
27
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $5.69K | +$158K | +9,409 | +3% |
|
28
Osaic Holdings
Scottsdale,
Arizona
| $3K | -$34 | -2 | -1% |
|
29
Bank of America
Charlotte,
North Carolina
| $2K | -$772 | -46 | -25% |
|
30
Wells Fargo
San Francisco,
California
| $2K | +$17 | +1 | +1% |
|
31
Morgan Stanley
New York
| $1K | -$2.85K | -170 | -73% |
|
32
JP Morgan Chase
New York
| $1K | – | – | – |
|
33
UBS Group
Zurich,
Switzerland
| $1K | – | – | – |
|
|
FCM
34
FJ Capital Management
Mclean,
Virginia
| – | -$4.89M | -290,000 | Closed |
|
|
PPA
35
Parametric Portfolio Associates
Seattle,
Washington
| – | -$191K | -11,346 | Closed |
|
36
Barclays
London,
United Kingdom
| – | -$15K | -890 | Closed |
|
|
GKWIM
37
Gerber Kawasaki Wealth & Investment Management
Santa Monica,
California
| – | -$1K | -1 | Closed |
|
PROV Hedge Fund Activity: Q4 2021 in Review
33 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Provident Financial (PROV) for Q4 2021, worth a combined $57.5M — down 19% from $70.7M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PROV and 1 opened new positions — a net loss of 3 holders — while 17 trimmed existing stakes and 6 added.
The largest buyer was M3F Inc, adding an estimated $527K. The largest seller was FJ Capital Management, exiting entirely with an estimated $4.89M sold.
- 33 institutional investors held Provident Financial (PROV) as of Q4 2021, down from 36 in Q3 2021.
- Funds reported $57.5M of Provident Financial stock for Q4 2021, down 19% quarter-over-quarter.
- 1 fund opened new Provident Financial positions in Q4 2021 and 4 closed out, a net change of -3 holders.
- The largest Provident Financial buyer in Q4 2021 was M3F Inc, an estimated $527K added.
- The largest Provident Financial seller in Q4 2021 was FJ Capital Management, an estimated $4.89M sold.
Based on aggregated 13F filings for Q4 2021.