PROVIDENT INVESTMENT MANAGEMENT, INC.

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Provident Investment Management is based out of Novi. Provident Investment Management is a hedge fund with 338 clients and discretionary assets under management (AUM) of $1,089,108,000 (Form ADV from 2022-03-29). Their last reported 13F filing for Q1 2022 included $1,044,310,000 in managed 13F securities and a top 10 holdings concentration of 54.11%. Provident Investment Management's largest holding is Alphabet Inc. Class C with shares held of 25,010. Provident Investment Management has met the qualifications for inclusion in our WhaleScore system. Whalewisdom has at least 58 13F filings

03/31/2022

13F Activity

  • Market Value $1.044 Billion
  • Prior Market Value $1.108 Billion
  • New Purchases6 stocks
  • Additional Purchases20 stocks
  • Sold out of3 stocks
  • Reduced holdings in21 stocks
  • Top 10 Holdings % 54.11 %
  • Turnover % [1]:14.52%
  • Turnover Alt % [2]: 3.27 %
  • Time Held Top20:11.75 quarters
  • Time Held Top10:9.50 quarters
  • Time Held All:20.15 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

03/31/2022

13F Sector Allocation Over Time

Portfolio Performance

Top 20 equal-weighted holdings. Performance numbers calculated through 2022-05-16

Performance for Q1 2022: -18.83%
Performance Last 4 Quarters: -14.13%
Performance Metrics
Stdev (5-yrs): Subscription required BETA (5-yrs): Subscription required ALPHA (3-yrs): Subscription required
Max Drawdown (all-years): Subscription required Annualized Perf (3-yrs): Subscription required Batting Avg vs S&P. (3-yrs): Subscription required
Sortino (3-yrs): Subscription required Stutzer (3-yrs): Subscription required Treynor (3-yrs): Subscription required
Sterling (3-yrs): Subscription required Calmar (3-yrs): Subscription required Information Ratio (3-yrs): Subscription required
Tracking Error (3 yrs): Subscription required Stdev Down (3-yrs): Subscription required Winning Months %: Subscription required
Losing Months %: Subscription required Best 12 Months: Subscription required Worst 12 Months: Subscription required
Efficiency Ratio (3-yrs): Subscription required Sharpe: Subscription required Stdev Sectors: Subscription required
Skewness (3-yrs): Subscription required Kurtosis (3-yrs): Subscription required Upside Potential (3-yrs): Subscription required

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*Shares are split adjusted

View Last Form Adv Compilation Report on Record

PROVIDENT INVESTMENT MANAGEMENT, INC.
Classified as Hedge Fund
39555 ORCHARD HILL PLACE STE 139
NOVI MI    48375
Country: United States

Business Phone: 248-380-1700
Fax: 248-380-1701
Professional Investment Advisor Data
SEC Registration as : Large Advisory Firm
Form of Organization: Corporation
Organized in: MI
Number of employees: 9
Other Business Activities:
Advisor Fees/Compensation: Percentage of assets under management,Performance-based fees
Amount of client funds and securities:
Total Number of Clients: 338
Amount of client funds and securities by related persons:
Total Number of clients from related persons:
Disclosures:
Data above was derived from SEC filings.

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PROVIDENT INVESTMENT MANAGEMENT, INC.

ownership team - last updated 2022-03-29
Name Title Start Date Direct/Indirect % Ownership
HORSBURGH, SCOTT, DAVIN PRESIDENT, CHIEF COMPLIANCE OFFICER 10/01/2004 Direct 50 - 75%
Fund Name Position direct/indirect start date end date
PROVIDENT INVESTMENT MANAGEMENT, INC. PRESIDENT, CHIEF COMPLIANCE OFFICER direct 2004-10-01
SEGER ELVEKROG INC VICE PRESIDENT direct 1995-01-01 2004-03-31
SEGER ELVEKROG INC PRESIDENT direct 2004-08-01 2005-03-18
SKUBIK, JAMES, MATTHEW PORTFOLIO MANAGER 01/01/2021 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
PROVIDENT INVESTMENT MANAGEMENT, INC. PORTFOLIO MANAGER direct 2021-01-01
BOYLE, DANIEL, J VICE PRESIDENT 02/01/2009 Direct 25 - 50%
Fund Name Position direct/indirect start date end date
SEGER ELVEKROG INC VICE PRESIDENT direct 2009-02-01
PUTNAM, MILES, GRAHAM SENIOR PORTFOLIO MANAGER 01/01/2021 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
PROVIDENT INVESTMENT MANAGEMENT, INC. PORTFOLIO MANAGER direct 2013-01-01

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
PETOSKEY CAPITAL FUND, LP United States 805-8522784063 Hedge Fund 20,213,000 250,000

PROVIDENT INVESTMENT MANAGEMENT, INC.

ownership team - last updated 2021-03-29
Name Title Start Date Direct/Indirect % Ownership
HORSBURGH, SCOTT, DAVIN PRESIDENT, CHIEF COMPLIANCE OFFICER 10/01/2004 Direct 50 - 75%
Fund Name Position direct/indirect start date end date
PROVIDENT INVESTMENT MANAGEMENT, INC. PRESIDENT, CHIEF COMPLIANCE OFFICER direct 2004-10-01
SEGER ELVEKROG INC VICE PRESIDENT direct 1995-01-01 2004-03-31
SEGER ELVEKROG INC PRESIDENT direct 2004-08-01 2005-03-18
BOYLE, DANIEL, J VICE PRESIDENT 02/01/2009 Direct 25 - 50%
Fund Name Position direct/indirect start date end date
SEGER ELVEKROG INC VICE PRESIDENT direct 2009-02-01
PUTNAM, MILES, GRAHAM SENIOR PORTFOLIO MANAGER 01/01/2021 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
PROVIDENT INVESTMENT MANAGEMENT, INC. PORTFOLIO MANAGER direct 2013-01-01

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
PETOSKEY CAPITAL FUND, LP United States 805-8522784063 Hedge Fund 17,233,000 250,000

PROVIDENT INVESTMENT MANAGEMENT, INC.

ownership team - last updated 2020-06-19
Name Title Start Date Direct/Indirect % Ownership
HORSBURGH, SCOTT, DAVIN PRESIDENT, CHIEF COMPLIANCE OFFICER 10/01/2004 Direct 50 - 75%
Fund Name Position direct/indirect start date end date
PROVIDENT INVESTMENT MANAGEMENT, INC. PRESIDENT, CHIEF COMPLIANCE OFFICER direct 2004-10-01
SEGER ELVEKROG INC VICE PRESIDENT direct 1995-01-01 2004-03-31
SEGER ELVEKROG INC PRESIDENT direct 2004-08-01 2005-03-18
BOYLE, DANIEL, J VICE PRESIDENT 02/01/2009 Direct 25 - 50%
Fund Name Position direct/indirect start date end date
SEGER ELVEKROG INC VICE PRESIDENT direct 2009-02-01
PUTNAM, MILES, GRAHAM PORTFOLIO MANAGER 01/01/2013 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
PROVIDENT INVESTMENT MANAGEMENT, INC. PORTFOLIO MANAGER direct 2013-01-01

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
PETOSKEY CAPITAL FUND, LP United States 805-8522784063 Hedge Fund 18,450,000 250,000

PROVIDENT INVESTMENT MANAGEMENT, INC.

ownership team - last updated 2019-03-26
Name Title Start Date Direct/Indirect % Ownership
HORSBURGH, SCOTT, DAVIN PRESIDENT, CHIEF COMPLIANCE OFFICER 10/01/2004 Direct 50 - 75%
Fund Name Position direct/indirect start date end date
PROVIDENT INVESTMENT MANAGEMENT, INC. PRESIDENT, CHIEF COMPLIANCE OFFICER direct 2004-10-01
SEGER ELVEKROG INC VICE PRESIDENT direct 1995-01-01 2004-03-31
SEGER ELVEKROG INC PRESIDENT direct 2004-08-01 2005-03-18
BOYLE, DANIEL, J VICE PRESIDENT 02/01/2009 Direct 25 - 50%
Fund Name Position direct/indirect start date end date
SEGER ELVEKROG INC VICE PRESIDENT direct 2009-02-01
PUTNAM, MILES, GRAHAM PORTFOLIO MANAGER 01/01/2013 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
PROVIDENT INVESTMENT MANAGEMENT, INC. PORTFOLIO MANAGER direct 2013-01-01

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
PETOSKEY CAPITAL FUND, LP United States 805-8522784063 Hedge Fund 12,512,000 250,000

PROVIDENT INVESTMENT MANAGEMENT, INC.

ownership team - last updated 2018-12-11
Name Title Start Date Direct/Indirect % Ownership
HORSBURGH, SCOTT, DAVIN PRESIDENT, CHIEF COMPLIANCE OFFICER 10/01/2004 Direct 50 - 75%
Fund Name Position direct/indirect start date end date
PROVIDENT INVESTMENT MANAGEMENT, INC. PRESIDENT, CHIEF COMPLIANCE OFFICER direct 2004-10-01
SEGER ELVEKROG INC VICE PRESIDENT direct 1995-01-01 2004-03-31
SEGER ELVEKROG INC PRESIDENT direct 2004-08-01 2005-03-18
BOYLE, DANIEL, J VICE PRESIDENT 02/01/2009 Direct 25 - 50%
Fund Name Position direct/indirect start date end date
SEGER ELVEKROG INC VICE PRESIDENT direct 2009-02-01
PUTNAM, MILES, GRAHAM PORTFOLIO MANAGER 01/01/2013 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
PROVIDENT INVESTMENT MANAGEMENT, INC. PORTFOLIO MANAGER direct 2013-01-01

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
PETOSKEY CAPITAL FUND, LP United States 805-8522784063 Hedge Fund 0 250,000

PROVIDENT INVESTMENT MANAGEMENT, INC.

ownership team - last updated 2017-03-30
Name Title Start Date Direct/Indirect % Ownership
HORSBURGH, SCOTT, DAVIN PRESIDENT, CHIEF COMPLIANCE OFFICER 10/01/2004 Direct 75% or more
Fund Name Position direct/indirect start date end date
PROVIDENT INVESTMENT MANAGEMENT, INC. PRESIDENT, CHIEF COMPLIANCE OFFICER direct 2004-10-01
SEGER ELVEKROG INC VICE PRESIDENT direct 1995-01-01 2004-03-31
SEGER ELVEKROG INC PRESIDENT direct 2004-08-01 2005-03-18
BOYLE, DANIEL, J VICE PRESIDENT 02/01/2009 Direct 25 - 50%
Fund Name Position direct/indirect start date end date
SEGER ELVEKROG INC VICE PRESIDENT direct 2009-02-01

WhaleScore history for PROVIDENT INVESTMENT MANAGEMENT, INC.

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