Provident Financial
PROV
30 hedge funds and large institutions have $54.4M invested in Provident Financial in 2022 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 3 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
0.51% less ownership
Funds ownership: 50.81% → 50.3% (-0.51%)
6% less funds holding
Funds holding: 32 → 30 (-2)
12% less capital invested
Capital invested by funds: $61.9M → $54.4M (-$7.55M)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MI
M3F Inc
Salt Lake City,
Utah
|
+$568K |
| 2 |
RA
Raffles Associates
New York
|
+$150K |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$128K |
| 4 |
Morgan Stanley
New York
|
+$86K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$75.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
-$1.33M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$328K |
| 3 |
Renaissance Technologies
New York
|
-$189K |
| 4 |
PCM
Prelude Capital Management
New York
|
-$166K |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$41K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Osaic Holdings
Scottsdale,
Arizona
| $2K | +$210 | +14 | +10% |
|
27
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $1K | – | – | – |
|
28
UBS Group
Zurich,
Switzerland
| $1K | – | – | – |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| $1K | +$719 | +48 | New |
|
|
MCM
30
Maltese Capital Management
New York
| – | -$1.33M | -80,387 | Closed |
|
|
PCM
31
Prelude Capital Management
New York
| – | -$166K | -10,047 | Closed |
|
32
Bank of America
Charlotte,
North Carolina
| – | -$1K | -88 | Closed |
|
PROV Hedge Fund Activity: Q2 2022 in Review
30 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Provident Financial (PROV) for Q2 2022, worth a combined $54.4M — down 12% from $61.9M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of PROV and 2 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 9 added.
The largest buyer was M3F Inc, adding an estimated $568K. The largest seller was Maltese Capital Management, exiting entirely with an estimated $1.33M sold.
- 30 institutional investors held Provident Financial (PROV) as of Q2 2022, down from 32 in Q1 2022.
- Funds reported $54.4M of Provident Financial stock for Q2 2022, down 12% quarter-over-quarter.
- 2 funds opened new Provident Financial positions in Q2 2022 and 3 closed out, a net change of -1 holder.
- The largest Provident Financial buyer in Q2 2022 was M3F Inc, an estimated $568K added.
- The largest Provident Financial seller in Q2 2022 was Maltese Capital Management, an estimated $1.33M sold.
Based on aggregated 13F filings for Q2 2022.