Provident Financial
PROV
32 hedge funds and large institutions have $61.9M invested in Provident Financial in 2022 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 15 reducing their positions, and 4 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
8% more capital invested
Capital invested by funds: $57.5M → $61.9M (+$4.38M)
0.51% less ownership
Funds ownership: 51.32% → 50.81% (-0.51%)
3% less funds holding
Funds holding: 33 → 32 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
60% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MI
M3F Inc
Salt Lake City,
Utah
|
+$577K |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$143K |
| 3 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$37.2K |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$15.5K |
| 5 |
Bank of New York Mellon
New York
|
+$4.79K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
-$909K |
| 2 |
Renaissance Technologies
New York
|
-$288K |
| 3 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
-$230K |
| 4 |
E
Ergoteles
New York
|
-$167K |
| 5 |
PCM
Prelude Capital Management
New York
|
-$133K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Osaic Holdings
Scottsdale,
Arizona
| $2K | -$1.07K | -64 | -32% |
|
27
Wells Fargo
San Francisco,
California
| $2K | – | – | – |
|
28
Bank of America
Charlotte,
North Carolina
| $1K | -$832 | -50 | -36% |
|
29
JP Morgan Chase
New York
| $1K | – | – | – |
|
30
UBS Group
Zurich,
Switzerland
| $1K | – | – | – |
|
31
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $1K | +$1.18K | +71 | New |
|
|
BPA
32
Beacon Pointe Advisors
Newport Beach,
California
| – | -$230K | -13,872 | Closed |
|
|
E
33
Ergoteles
New York
| – | -$167K | -10,072 | Closed |
|
|
FQ
34
First Quadrant
Glendale,
California
| – | -$37K | -2,264 | Closed |
|
|
TRCT
35
Tower Research Capital (TRC)
New York
| – | -$6K | -350 | Closed |
|
36
Morgan Stanley
New York
| – | -$300 | -18 | -29% |
|
PROV Hedge Fund Activity: Q1 2022 in Review
32 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in Provident Financial (PROV) for Q1 2022, worth a combined $61.9M — up 7.6% from $57.5M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PROV and 3 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 6 added.
The largest buyer was M3F Inc, adding an estimated $577K. The largest seller was Maltese Capital Management, cutting an estimated $909K.
- 32 institutional investors held Provident Financial (PROV) as of Q1 2022, down from 33 in Q4 2021.
- Funds reported $61.9M of Provident Financial stock for Q1 2022, up 7.6% quarter-over-quarter.
- 3 funds opened new Provident Financial positions in Q1 2022 and 4 closed out, a net change of -1 holder.
- The largest Provident Financial buyer in Q1 2022 was M3F Inc, an estimated $577K added.
- The largest Provident Financial seller in Q1 2022 was Maltese Capital Management, an estimated $909K sold.
Based on aggregated 13F filings for Q1 2022.