Provident Financial
PROV
32 hedge funds and large institutions have $50.6M invested in Provident Financial in 2023 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 10 reducing their positions, and 3 closing their positions.
17% more capital invested
Capital invested by funds: $43.3M → $50.6M (+$7.33M)
1.23% more ownership
Funds ownership: 51.08% → 52.32% (+1.2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 33 → 32 (-1)
30% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 10
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$2.18M |
| 2 |
RA
Raffles Associates
New York
|
+$141K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$84K |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$68K |
| 5 |
Millennium Management
New York
|
+$37.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$677K |
| 2 |
PCM
Prelude Capital Management
New York
|
-$358K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$313K |
| 4 |
MI
M3F Inc
Salt Lake City,
Utah
|
-$157K |
| 5 |
SFI
Susquehanna Fundamental Investments
Bala Cynwyd,
Pennsylvania
|
-$140K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BTI
26
Blue Trust Inc
Alpharetta,
Georgia
| $9K | – | – | – |
|
27
Osaic Holdings
Scottsdale,
Arizona
| $1.88K | – | – | – |
|
28
Wells Fargo
San Francisco,
California
| $1.84K | – | – | – |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| $1K | -$1.27K | -90 | -47% |
|
30
UBS Group
Zurich,
Switzerland
| $532 | – | – | – |
|
|
PCM
31
Prelude Capital Management
New York
| – | -$358K | -26,031 | Closed |
|
|
SFI
32
Susquehanna Fundamental Investments
Bala Cynwyd,
Pennsylvania
| – | -$140K | -10,200 | Closed |
|
|
IA
33
IFP Advisors
Tampa,
Florida
| – | -$3K | -157 | Closed |
|
|
CAL
34
Capital Advisors Ltd
Shaker Heights,
Ohio
| – | +$395 | +28 | New |
|
PROV Hedge Fund Activity: Q1 2023 in Review
32 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Provident Financial (PROV) for Q1 2023, worth a combined $50.6M — up 17% from $43.3M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of PROV and 2 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 7 added.
The largest buyer was Baird Financial Group, opening a new position worth an estimated $2.18M. The largest seller was Bridgeway Capital Management, cutting an estimated $677K.
- 32 institutional investors held Provident Financial (PROV) as of Q1 2023, down from 33 in Q4 2022.
- Funds reported $50.6M of Provident Financial stock for Q1 2023, up 17% quarter-over-quarter.
- 2 funds opened new Provident Financial positions in Q1 2023 and 3 closed out, a net change of -1 holder.
- The largest Provident Financial buyer in Q1 2023 was Baird Financial Group, an estimated $2.18M added.
- The largest Provident Financial seller in Q1 2023 was Bridgeway Capital Management, an estimated $677K sold.
Based on aggregated 13F filings for Q1 2023.