Provident Financial
PROV
49 hedge funds and large institutions have $81M invested in Provident Financial in 2018 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 22 reducing their positions, and 7 closing their positions.
0.44% more ownership
Funds ownership: 59.4% → 59.84% (+0.44%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3% less capital invested
Capital invested by funds: $83.2M → $81M (-$2.2M)
8% less funds holding
Funds holding: 53 → 49 (-4)
45% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 22
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MI
M3F Inc
Salt Lake City,
Utah
|
+$2.41M |
| 2 |
Renaissance Technologies
New York
|
+$364K |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$189K |
| 4 |
MCM
Maltese Capital Management
New York
|
+$184K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$99.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SV
Stilwell Value
New York
|
-$2.15M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$435K |
| 3 |
JP Morgan Chase
New York
|
-$262K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$233K |
| 5 |
CI
Cigna Investments
Bloomfield,
Connecticut
|
-$226K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Invesco
Atlanta,
Georgia
| – | -$233K | -12,688 | Closed |
|
|
CI
52
Cigna Investments
Bloomfield,
Connecticut
| – | -$226K | -12,267 | Closed |
|
53
Los Angeles Capital Management
Los Angeles,
California
| – | -$185K | -10,061 | Closed |
|
54
Macquarie Group
Sydney, NSW 2000,
Australia
| – | -$69K | -3,773 | Closed |
|
55
Parallax Volatility Advisers
San Francisco,
California
| – | -$19K | -1,008 | Closed |
|
56
UBS Group
Zurich,
Switzerland
| – | -$6K | -324 | Closed |
|
PROV Hedge Fund Activity: Q1 2018 in Review
49 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Provident Financial (PROV) for Q1 2018, worth a combined $81M — down 2.6% from $83.2M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PROV and 3 opened new positions — a net loss of 4 holders — while 22 trimmed existing stakes and 12 added.
The largest buyer was M3F Inc, adding an estimated $2.41M. The largest seller was Stilwell Value, exiting entirely with an estimated $2.15M sold.
- 49 institutional investors held Provident Financial (PROV) as of Q1 2018, down from 53 in Q4 2017.
- Funds reported $81M of Provident Financial stock for Q1 2018, down 2.6% quarter-over-quarter.
- 3 funds opened new Provident Financial positions in Q1 2018 and 7 closed out, a net change of -4 holders.
- The largest Provident Financial buyer in Q1 2018 was M3F Inc, an estimated $2.41M added.
- The largest Provident Financial seller in Q1 2018 was Stilwell Value, an estimated $2.15M sold.
Based on aggregated 13F filings for Q1 2018.