Provident Financial
PROV
71 hedge funds and large institutions have $94.6M invested in Provident Financial in 2014 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 30 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
4% more funds holding
Funds holding: 68 → 71 (+3)
1% more capital invested
Capital invested by funds: $94M → $94.6M (+$649K)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
37% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$1.59M |
| 2 |
JP Morgan Chase
New York
|
+$1M |
| 3 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
+$382K |
| 4 |
MCM
Maltese Capital Management
New York
|
+$346K |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$276K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$1.03M |
| 2 |
Renaissance Technologies
New York
|
-$583K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$582K |
| 4 |
FG
FSI Group
Cincinnati,
Ohio
|
-$443K |
| 5 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$388K |
PROV Hedge Fund Activity: Q1 2014 in Review
71 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Provident Financial (PROV) for Q1 2014, worth a combined $94.6M — up 0.69% from $94M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PROV positions and 5 closed out — a net gain of 3 holders — while 19 added to existing stakes and 30 trimmed.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $1.59M. The largest seller was Bridgeway Capital Management, cutting an estimated $1.03M.
- 71 institutional investors held Provident Financial (PROV) as of Q1 2014, up from 68 in Q4 2013.
- Funds reported $94.6M of Provident Financial stock for Q1 2014, up 0.69% quarter-over-quarter.
- 8 funds opened new Provident Financial positions in Q1 2014 and 5 closed out, a net change of +3 holders.
- The largest Provident Financial buyer in Q1 2014 was Manulife (Manufacturers Life Insurance), an estimated $1.59M added.
- The largest Provident Financial seller in Q1 2014 was Bridgeway Capital Management, an estimated $1.03M sold.
Based on aggregated 13F filings for Q1 2014.