Provident Financial
PROV
58 hedge funds and large institutions have $92.8M invested in Provident Financial in 2016 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 27 increasing their positions, 15 reducing their positions, and 5 closing their positions.
80% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 15
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
2% more funds holding
Funds holding: 57 → 58 (+1)
4% more capital invested
Capital invested by funds: $89M → $92.8M (+$3.82M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
+$821K |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
+$522K |
| 3 |
FQ
First Quadrant
Glendale,
California
|
+$430K |
| 4 |
JP Morgan Chase
New York
|
+$403K |
| 5 |
Goldman Sachs
New York
|
+$391K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Continental Advisors
Park City,
Utah
|
-$2.48M |
| 2 |
MCM
Maltese Capital Management
New York
|
-$1.28M |
| 3 |
MI
M3F Inc
Salt Lake City,
Utah
|
-$858K |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$679K |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
-$436K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Bank of America
Charlotte,
North Carolina
| $10K | -$21.1K | -1,098 | -68% |
|
52
BNP Paribas Financial Markets
Paris,
France
| $7.39K | +$2.25K | +117 | +45% |
|
53
Creative Planning
Overland Park,
Kansas
| $4K | – | – | – |
|
54
Barclays
London,
United Kingdom
| $2K | +$1.59K | +83 | New |
|
55
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $1K | – | – | – |
|
|
TWA
56
TCI Wealth Advisors
Tucson,
Arizona
| $1K | – | – | – |
|
|
TCIM
57
TIAA CREF Investment Management
New York
| $314 | – | – | – |
|
|
MCM
58
Maltese Capital Management
New York
| – | -$1.28M | -70,000 | Closed |
|
|
MI
59
M3F Inc
Salt Lake City,
Utah
| – | -$858K | -46,908 | Closed |
|
60
Asset Management One
Tokyo,
Japan
| – | -$90K | -4,900 | Closed |
|
|
TRCT
61
Tower Research Capital (TRC)
New York
| – | -$6.54K | -341 | -98% |
|
62
Walleye Trading
New York
| – | -$4K | -200 | Closed |
|
PROV Hedge Fund Activity: Q3 2016 in Review
58 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Provident Financial (PROV) for Q3 2016, worth a combined $92.8M — up 4.3% from $89M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PROV positions and 5 closed out — a net gain of 1 holder — while 27 added to existing stakes and 15 trimmed.
The largest buyer was Martingale Asset Management, opening a new position worth an estimated $821K. The largest seller was Continental Advisors, cutting an estimated $2.48M.
- 58 institutional investors held Provident Financial (PROV) as of Q3 2016, up from 57 in Q2 2016.
- Funds reported $92.8M of Provident Financial stock for Q3 2016, up 4.3% quarter-over-quarter.
- 6 funds opened new Provident Financial positions in Q3 2016 and 5 closed out, a net change of +1 holder.
- The largest Provident Financial buyer in Q3 2016 was Martingale Asset Management, an estimated $821K added.
- The largest Provident Financial seller in Q3 2016 was Continental Advisors, an estimated $2.48M sold.
Based on aggregated 13F filings for Q3 2016.