Provident Financial
PROV
44 hedge funds and large institutions have $52.4M invested in Provident Financial in 2020 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 9 increasing their positions, 22 reducing their positions, and 8 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.17% less ownership
Funds ownership: 59.35% → 59.18% (-0.17%)
12% less capital invested
Capital invested by funds: $59.3M → $52.4M (-$6.88M)
14% less funds holding
Funds holding: 51 → 44 (-7)
59% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 22
88% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MI
M3F Inc
Salt Lake City,
Utah
|
+$871K |
| 2 |
MCM
Maltese Capital Management
New York
|
+$498K |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$147K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$67.5K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$59.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAM
Jacobs Asset Management
New York
|
-$593K |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$250K |
| 3 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
-$197K |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$145K |
| 5 |
State Street
Boston,
Massachusetts
|
-$142K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Canada Life
Winnipeg,
Manitoba, Canada
| – | -$1K | -91 | Closed |
|
PROV Hedge Fund Activity: Q3 2020 in Review
44 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Provident Financial (PROV) for Q3 2020, worth a combined $52.4M — down 12% from $59.3M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of PROV and 1 opened new positions — a net loss of 7 holders — while 22 trimmed existing stakes and 9 added.
The largest buyer was M3F Inc, adding an estimated $871K. The largest seller was Jacobs Asset Management, exiting entirely with an estimated $593K sold.
- 44 institutional investors held Provident Financial (PROV) as of Q3 2020, down from 51 in Q2 2020.
- Funds reported $52.4M of Provident Financial stock for Q3 2020, down 12% quarter-over-quarter.
- 1 fund opened new Provident Financial positions in Q3 2020 and 8 closed out, a net change of -7 holders.
- The largest Provident Financial buyer in Q3 2020 was M3F Inc, an estimated $871K added.
- The largest Provident Financial seller in Q3 2020 was Jacobs Asset Management, an estimated $593K sold.
Based on aggregated 13F filings for Q3 2020.