Provident Financial
PROV
68 hedge funds and large institutions have $94M invested in Provident Financial in 2013 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 25 increasing their positions, 25 reducing their positions, and 19 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 25
9% less capital invested
Capital invested by funds: $103M → $94M (-$9.14M)
12% less funds holding
Funds holding: 77 → 68 (-9)
47% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
+$2.77M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
+$1.49M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$1.41M |
| 4 |
HCS
Harvest Capital Strategies
San Francisco,
California
|
+$1.15M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$767K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$1.78M |
| 2 |
BG
BlackRock Group
London,
United Kingdom
|
-$1.02M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
-$726K |
| 4 |
SO
STRS Ohio
Columbus,
Ohio
|
-$699K |
| 5 |
Renaissance Technologies
New York
|
-$652K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Millennium Management
New York
| – | -$252K | -15,172 | Closed |
|
|
CIC
77
Cornercap Investment Counsel
Atlanta,
Georgia
| – | -$215K | -12,954 | Closed |
|
|
BIM
78
Bogle Investment Management
Newton Lower Falls,
Massachusetts
| – | -$193K | -11,651 | Closed |
|
79
Prudential Financial
Newark,
New Jersey
| – | -$189K | -11,400 | Closed |
|
80
Jacobs Levy Equity Management
Florham Park,
New Jersey
| – | -$169K | -10,200 | Closed |
|
|
BGIM
81
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
| – | -$130K | -7,800 | Closed |
|
|
WRM
82
Westport Resources Management
Westport,
Connecticut
| – | -$64K | -3,840 | Closed |
|
|
TRCT
83
Tower Research Capital (TRC)
New York
| – | -$59K | -3,601 | Closed |
|
|
BJ
84
BlackRock Japan
Tokyo,
Japan
| – | -$34K | -2,059 | Closed |
|
|
U
85
UBS
Zurich,
Switzerland
| – | -$23K | -1,395 | Closed |
|
|
QBFM
86
QS Batterymarch Financial Management
New York
| – | -$12K | -700 | Closed |
|
|
GC
87
Globeflex Capital
San Diego,
California
| – | -$2K | -148 | Closed |
|
PROV Hedge Fund Activity: Q4 2013 in Review
68 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Provident Financial (PROV) for Q4 2013, worth a combined $94M — down 8.9% from $103M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of PROV and 10 opened new positions — a net loss of 9 holders — while 25 trimmed existing stakes and 25 added.
The largest buyer was Maltese Capital Management, opening a new position worth an estimated $2.77M. The largest seller was Numeric Investors, cutting an estimated $1.78M.
- 68 institutional investors held Provident Financial (PROV) as of Q4 2013, down from 77 in Q3 2013.
- Funds reported $94M of Provident Financial stock for Q4 2013, down 8.9% quarter-over-quarter.
- 10 funds opened new Provident Financial positions in Q4 2013 and 19 closed out, a net change of -9 holders.
- The largest Provident Financial buyer in Q4 2013 was Maltese Capital Management, an estimated $2.77M added.
- The largest Provident Financial seller in Q4 2013 was Numeric Investors, an estimated $1.78M sold.
Based on aggregated 13F filings for Q4 2013.