Vanguard Capital Management Acquires 5.03% Passive Stake in Provident Financial Services Inc

Vanguard Capital Management LLC filed a Schedule 13G on April 30, 2026, reporting a new 5.03% stake in Provident Financial Services Inc (PFS). As of the event date on March 31, 2026, the investment adviser beneficially owns 6,579,666 shares of common stock. The filing indicates that Vanguard holds sole dispositive power over all 6,579,666 shares, while holding sole voting power over 970,732 shares. This position represents a significant increase from a previous 0% ownership level, crossing the 5% regulatory threshold for disclosure. The filing includes holdings managed by various Vanguard affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. The shares were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. No other single person's interest in these securities exceeds 5% of the total class. This passive investment reflects Vanguard's expanded position in the Jersey City-based financial services company.