Provident Financial
PROV
51 hedge funds and large institutions have $67.7M invested in Provident Financial in 2020 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 16 increasing their positions, 20 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
0.07% more ownership
Funds ownership: 59.41% → 59.49% (+0.07%)
0% more funds holding
Funds holding: 51 → 51 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
20% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 20
31% less capital invested
Capital invested by funds: $97.6M → $67.7M (-$29.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
+$755K |
| 2 |
State Street
Boston,
Massachusetts
|
+$583K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$558K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$211K |
| 5 |
JP Morgan Chase
New York
|
+$132K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MI
M3F Inc
Salt Lake City,
Utah
|
-$505K |
| 2 |
Renaissance Technologies
New York
|
-$378K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$352K |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$286K |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$219K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$16K | -746 | Closed |
|
PROV Hedge Fund Activity: Q1 2020 in Review
51 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Provident Financial (PROV) for Q1 2020, worth a combined $67.7M — down 31% from $97.6M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new PROV positions and 1 closed out — a net gain of 2 holders — while 16 added to existing stakes and 20 trimmed.
The largest buyer was Castine Capital Management, adding an estimated $755K. The largest seller was M3F Inc, cutting an estimated $505K.
- 51 institutional investors held Provident Financial (PROV) as of Q1 2020, unchanged from Q4 2019.
- Funds reported $67.7M of Provident Financial stock for Q1 2020, down 31% quarter-over-quarter.
- 3 funds opened new Provident Financial positions in Q1 2020 and 1 closed out, a net change of +2 holders.
- The largest Provident Financial buyer in Q1 2020 was Castine Capital Management, an estimated $755K added.
- The largest Provident Financial seller in Q1 2020 was M3F Inc, an estimated $505K sold.
Based on aggregated 13F filings for Q1 2020.