Provident Financial
PROV
77 hedge funds and large institutions have $103M invested in Provident Financial in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 34 increasing their positions, 23 reducing their positions, and 7 closing their positions.
48% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 23
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
1% more funds holding
Funds holding: 76 → 77 (+1)
5% more capital invested
Capital invested by funds: $98.6M → $103M (+$4.49M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
+$2.92M |
| 2 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$2.67M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
+$2.61M |
| 4 |
BG
BlackRock Group
London,
United Kingdom
|
+$1.08M |
| 5 |
FG
FSI Group
Cincinnati,
Ohio
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$9.3M |
| 2 |
JAM
Jacobs Asset Management
New York
|
-$2.67M |
| 3 |
SJ
Stilwell Joseph
|
-$1.84M |
| 4 |
AI
Analytic Investors
Los Angeles,
California
|
-$278K |
| 5 |
CCMH
Cornerstone Capital Management Holdings
New York
|
-$240K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Barclays
London,
United Kingdom
| $1K | -$73.2K | -4,182 | -98% |
|
77
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $137 | +$2.4K | +137 | +2% |
|
|
78
Wellington Management Group
Boston,
Massachusetts
| – | -$9.3M | -585,382 | Closed |
|
|
JAM
79
Jacobs Asset Management
New York
| – | -$2.67M | -168,291 | Closed |
|
|
AI
80
Analytic Investors
Los Angeles,
California
| – | -$278K | -17,507 | Closed |
|
81
Creative Planning
Overland Park,
Kansas
| – | -$8K | -526 | Closed |
|
82
US Bancorp
Minneapolis,
Minnesota
| – | -$5K | -300 | Closed |
|
|
HF
83
Hoxton Financial
Shepherdstown,
West Virginia
| – | -$2K | -148 | Closed |
|
PROV Hedge Fund Activity: Q3 2013 in Review
77 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Provident Financial (PROV) for Q3 2013, worth a combined $103M — up 4.5% from $98.6M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PROV positions and 7 closed out — a net gain of 1 holder — while 34 added to existing stakes and 23 trimmed.
The largest buyer was Acadian Asset Management, adding an estimated $2.92M. The largest seller was Wellington Management Group, exiting entirely with an estimated $9.3M sold.
- 77 institutional investors held Provident Financial (PROV) as of Q3 2013, up from 76 in Q2 2013.
- Funds reported $103M of Provident Financial stock for Q3 2013, up 4.5% quarter-over-quarter.
- 8 funds opened new Provident Financial positions in Q3 2013 and 7 closed out, a net change of +1 holder.
- The largest Provident Financial buyer in Q3 2013 was Acadian Asset Management, an estimated $2.92M added.
- The largest Provident Financial seller in Q3 2013 was Wellington Management Group, an estimated $9.3M sold.
Based on aggregated 13F filings for Q3 2013.