Provident Financial
PROV
50 hedge funds and large institutions have $81.4M invested in Provident Financial in 2016 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 6 closing their positions.
100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 6
31% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 13
14% more funds holding
Funds holding: 44 → 50 (+6)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
5% less capital invested
Capital invested by funds: $86.1M → $81.4M (-$4.66M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.95M |
| 2 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$575K |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$546K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$442K |
| 5 |
EGA
Eagle Global Advisors
Houston,
Texas
|
+$283K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSV Asset Management
Chicago,
Illinois
|
-$1.51M |
| 2 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$1.48M |
| 3 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
-$1.33M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$1.07M |
| 5 |
AWCI
Alpine Woods Capital Investors
Purchase,
New York
|
-$371K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AWCI
51
Alpine Woods Capital Investors
Purchase,
New York
| – | -$371K | -19,651 | Closed |
|
52
Stifel Financial
St. Louis,
Missouri
| – | -$231K | -12,220 | Closed |
|
|
SGAM
53
Smith Group Asset Management
Dallas,
Texas
| – | -$177K | -9,390 | Closed |
|
54
Axa
Paris,
France
| – | -$20K | -1,073 | Closed |
|
55
Barclays
London,
United Kingdom
| – | +$265 | +15 | New |
|
PROV Hedge Fund Activity: Q1 2016 in Review
50 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Provident Financial (PROV) for Q1 2016, worth a combined $81.4M — down 5.4% from $86.1M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new PROV positions and 6 closed out — a net gain of 6 holders — while 17 added to existing stakes and 13 trimmed.
The largest buyer was Ameriprise, opening a new position worth an estimated $1.95M. The largest seller was LSV Asset Management, cutting an estimated $1.51M.
- 50 institutional investors held Provident Financial (PROV) as of Q1 2016, up from 44 in Q4 2015.
- Funds reported $81.4M of Provident Financial stock for Q1 2016, down 5.4% quarter-over-quarter.
- 12 funds opened new Provident Financial positions in Q1 2016 and 6 closed out, a net change of +6 holders.
- The largest Provident Financial buyer in Q1 2016 was Ameriprise, an estimated $1.95M added.
- The largest Provident Financial seller in Q1 2016 was LSV Asset Management, an estimated $1.51M sold.
Based on aggregated 13F filings for Q1 2016.