Provident Financial
PROV
65 hedge funds and large institutions have $84.1M invested in Provident Financial in 2014 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 25 reducing their positions, and 14 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
8% less funds holding
Funds holding: 71 → 65 (-6)
11% less capital invested
Capital invested by funds: $94.6M → $84.1M (-$10.6M)
32% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 25
43% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Continental Advisors
Park City,
Utah
|
+$3.66M |
| 2 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
+$2.13M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$2M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$1.51M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$681K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$3.2M |
| 2 |
State Street
Boston,
Massachusetts
|
-$2.73M |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$2.66M |
| 4 |
MCM
Maltese Capital Management
New York
|
-$2.59M |
| 5 |
JP Morgan Chase
New York
|
-$2.02M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CCMH
76
Cornerstone Capital Management Holdings
New York
| – | -$25K | -1,650 | Closed |
|
77
Barclays
London,
United Kingdom
| – | -$4.65K | -323 | -95% |
|
78
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$1K | -55 | Closed |
|
PROV Hedge Fund Activity: Q2 2014 in Review
65 of the 3,481 institutional investors tracked by Wall St. Rank reported a position in Provident Financial (PROV) for Q2 2014, worth a combined $84.1M — down 11% from $94.6M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of PROV and 8 opened new positions — a net loss of 6 holders — while 25 trimmed existing stakes and 17 added.
The largest buyer was Continental Advisors, adding an estimated $3.66M. The largest seller was BlackRock Fund Advisors, cutting an estimated $3.2M.
- 65 institutional investors held Provident Financial (PROV) as of Q2 2014, down from 71 in Q1 2014.
- Funds reported $84.1M of Provident Financial stock for Q2 2014, down 11% quarter-over-quarter.
- 8 funds opened new Provident Financial positions in Q2 2014 and 14 closed out, a net change of -6 holders.
- The largest Provident Financial buyer in Q2 2014 was Continental Advisors, an estimated $3.66M added.
- The largest Provident Financial seller in Q2 2014 was BlackRock Fund Advisors, an estimated $3.2M sold.
Based on aggregated 13F filings for Q2 2014.