Provident Financial
PROV
31 hedge funds and large institutions have $47.8M invested in Provident Financial in 2023 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 4 closing their positions.
0.84% more ownership
Funds ownership: 52.32% → 53.15% (+0.84%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 32 → 31 (-1)
6% less capital invested
Capital invested by funds: $50.6M → $47.8M (-$2.8M)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$226K |
| 2 |
BMCM
Black Maple Capital Management
Milwaukee,
Wisconsin
|
+$154K |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$125K |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$118K |
| 5 |
BlackRock
New York
|
+$30.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
-$201K |
| 2 |
MI
M3F Inc
Salt Lake City,
Utah
|
-$114K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$80.3K |
| 4 |
Russell Investments Group
London,
United Kingdom
|
-$67.8K |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$62.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VNA
26
Valley National Advisers
Bethlehem,
Pennsylvania
| $16K | – | – | – |
|
|
BTI
27
Blue Trust Inc
Alpharetta,
Georgia
| $9K | – | – | – |
|
28
UBS Group
Zurich,
Switzerland
| $2.58K | +$2.08K | +163 | +418% |
|
29
JP Morgan Chase
New York
| $2.09K | +$1.66K | +130 | +406% |
|
30
Wells Fargo
San Francisco,
California
| $1.74K | +$25 | +2 | +1% |
|
31
Osaic Holdings
Scottsdale,
Arizona
| $803 | -$955 | -75 | -54% |
|
|
32
Russell Investments Group
London,
United Kingdom
| – | -$67.8K | -4,979 | Closed |
|
33
Fidelity Investments
Boston,
Massachusetts
| – | -$10.7K | -784 | Closed |
|
|
TRCT
34
Tower Research Capital (TRC)
New York
| – | -$1K | -100 | Closed |
|
PROV Hedge Fund Activity: Q2 2023 in Review
31 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Provident Financial (PROV) for Q2 2023, worth a combined $47.8M — down 5.5% from $50.6M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PROV and 3 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 9 added.
The largest buyer was Empowered Funds, opening a new position worth an estimated $226K. The largest seller was Dimensional Fund Advisors, cutting an estimated $201K.
- 31 institutional investors held Provident Financial (PROV) as of Q2 2023, down from 32 in Q1 2023.
- Funds reported $47.8M of Provident Financial stock for Q2 2023, down 5.5% quarter-over-quarter.
- 3 funds opened new Provident Financial positions in Q2 2023 and 4 closed out, a net change of -1 holder.
- The largest Provident Financial buyer in Q2 2023 was Empowered Funds, an estimated $226K added.
- The largest Provident Financial seller in Q2 2023 was Dimensional Fund Advisors, an estimated $201K sold.
Based on aggregated 13F filings for Q2 2023.