Latest Provident Investment Management, Inc. Stock Portfolio

Provident Investment Management, Inc. Performance:

2024 Q3: 3.4%YTD: 9.61%2023: 22.78%

Performance for 2024 Q3 is 3.4%, and YTD is 9.61%, and 2023 is 22.78%.

About Provident Investment Management, Inc. and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, Provident Investment Management, Inc. reported an equity portfolio of $1.1 Billions as of 30 Sep, 2024.

The top stock holdings of Provident Investment Management, Inc. are V, MSFT, VRTX. The fund has invested 6.6% of it's portfolio in VISA INC and 6.5% of portfolio in MICROSOFT CORP.

The fund managers got completely rid off AIR LEASE CORP (AL), EDWARDS LIFESCIENCES CORP (EW) and CONCENTRIX CORP (CNXC) stocks. They significantly reduced their stock positions in NICE LTD, MGM RESORTS INTERNATIONAL (MGM) and BROADCOM INC (AVGO). Provident Investment Management, Inc. opened new stock positions in FISERV INC, ADOBE INC (ADBE) and LAMB WESTON HLDGS INC (LW). The fund showed a lot of confidence in some stocks as they added substantially to AMAZON COM INC (AMZN), PAYCHEX INC (PAYX) and NORTHROP GRUMMAN CORP (NOC).

Provident Investment Management, Inc. Annual Return Estimates Vs S&P 500

Our best estimate is that Provident Investment Management, Inc. made a return of 3.4% in the last quarter. In trailing 12 months, it's portfolio return was 23.19%.

New Buys

Ticker	$ Bought
fiserv inc	37,770,000
adobe inc	34,511,100
lamb weston hldgs inc	719,909
energy transfer l p	439,626
lkq corp	411,176
vici pptys inc	383,232
vanguard world fd	304,404
ishares tr	205,933

New stocks bought by Provident Investment Management, Inc.

Additions

Ticker	% Inc.
amazon com inc	46.53
paychex inc	26.5
northrop grumman corp	13.95
conocophillips	13.49
truist finl corp	8.9
price t rowe group inc	8.83
abbvie inc	8.08
skyworks solutions inc	7.94

Additions to existing portfolio by Provident Investment Management, Inc.

Reductions

Ticker	% Reduced
nice ltd	-68.1
mgm resorts international	-25.69
broadcom inc	-11.45
essex ppty tr inc	-7.57
chevron corp new	-7.15
align technology inc	-4.4
ishares tr	-3.95
vail resorts inc	-3.88

Provident Investment Management, Inc. reduced stake in above stock

Sold off

Ticker	$ Sold
air lease corp	-49,638,200
edwards lifesciences corp	-41,340,100
concentrix corp	-551,485
ishares tr	-303,168
americas car-mart inc	-306,770
qualcomm inc	-203,164

Provident Investment Management, Inc. got rid off the above stocks

Sector Distribution

Provident Investment Management, Inc. has about 20.8% of it's holdings in Financial Services sector.

Sector	%
Financial Services	20.8
Consumer Cyclical	19.7
Healthcare	14.9
Industrials	14.6
Technology	10.3
Others	9.9
Communication Services	8.6

Market Cap. Distribution

Provident Investment Management, Inc. has about 87% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	55.8
MEGA-CAP	31.2
UNALLOCATED	9.9
MID-CAP	3.1

Stocks belong to which Index?

About 87.1% of the stocks held by Provident Investment Management, Inc. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	87.1
Others	12.8

Top 5 Winners (%)		%
DHI	d r horton inc	35.3 %
PYPL	paypal hldgs inc	34.5 %
GILD	gilead sciences inc	21.3 %
BLK	blackrock inc	20.5 %
CCI	crown castle inc	20.3 %

Top 5 Winners ($)		$
DHI	d r horton inc	16.1 M
BLK	blackrock inc	9.4 M
FAST	fastenal co	7.6 M
ICE	intercontinental exchange in	7.5 M
UNH	unitedhealth group inc	6.7 M

Top 5 Losers (%)		%
DG	dollar gen corp new	-36.0 %
F	ford mtr co	-15.8 %
MGM	mgm resorts international	-12.1 %
SCHW	schwab charles corp	-12.1 %
CTRA	coterra energy inc	-10.1 %

Top 5 Losers ($)		$
GOOG	alphabet inc	-6.7 M
SCHW	schwab charles corp	-5.7 M
MGM	mgm resorts international	-5.5 M
MSFT	microsoft corp	-2.9 M
CPRT	copart inc	-2.4 M

Provident Investment Management, Inc. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Provident Investment Management, Inc.

Provident Investment Management, Inc. has 77 stocks in it's portfolio. About 58.9% of the portfolio is in top 10 stocks. GOOG proved to be the most loss making stock for the portfolio. DHI was the most profitable stock for Provident Investment Management, Inc. last quarter.

Last Reported on: 12 Nov, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	0.19	9,255	2,156,440	added	1.71

ABBV	abbvie inc	0.09	4,937	974,959	added	8.08

ABT	abbott labs	0.16	16,175	1,844,110	added	4.98

ADBE	adobe inc	3.08	66,652	34,511,100	new

AL	air lease corp	0.00	0.00	0.00	sold off	-100

ALGN	align technology inc	3.37	148,688	37,814,300	reduced	-4.4

AMZN	amazon com inc	3.26	196,494	36,612,700	added	46.53

APAM	artisan partners asset mgmt	0.08	21,185	917,734	added	1.32

AVGO	broadcom inc	0.06	4,020	693,450	reduced	-11.45

BALL	ball corp	0.06	10,550	716,451	added	1.34

BKNG	booking holdings inc	5.19	13,830	58,254,000	added	3.67

BLK	blackrock inc	4.89	57,751	54,835,300	reduced	-0.66

CCI	crown castle inc	0.07	6,295	746,776	added	7.06

CCO	clear channel outdoor hldgs	0.00	36,070	57,712	unchanged	0.00

CL	colgate palmolive co	0.09	10,092	1,047,650	added	1.35

CMCSA	comcast corp new	0.07	17,860	746,012	reduced	-2.08

CMI	cummins inc	0.03	903	292,382	unchanged	0.00

CNXC	concentrix corp	0.00	0.00	0.00	sold off	-100

COP	conocophillips	0.06	6,242	657,158	added	13.49

COST	costco whsl corp new	0.07	920	815,598	unchanged	0.00