Provident Investment Management Portfolio Changes in Q3 2026

Provident Investment Management, Inc. ('Provident Investment Management') has released its portfolio holdings data for the period ending September 30, 2026. This comprehensive filing provides valuable insight into the investment strategy and recent actions of this financial institution.

Key Portfolio Changes in Q3 2026

The portfolio saw a mix of buying and selling activities during this quarter. Notably, the investor significantly increased its stake in several companies:

• American Water Works Co. ('AWK') experienced a massive 3119.4% increase in shares, indicating a strong new position in the Utilities sector.
• D.R. Horton ('DHI') saw a substantial 4532.5% jump in shares, reflecting significant buying interest in the Consumer Cyclical space.
• Tractor Supply Co. ('TSCO') added shares, increasing its holdings by 100.0% during the quarter.

Conversely, Provident Investment Management disposed of some of its holdings:

• Netflix Com Inc ('NFLX') saw a drastic reduction, with shares decreasing by 97.11%.
• Schwab Charles Corp ('SCHW') experienced a significant sell-off, with shares falling by 57.36%.

These changes underscore a dynamic investment approach, with the firm exiting positions in declining or less strategically aligned stocks while aggressively adding to winners or specific sectors like Utilities and Consumer Cyclical.

Continued Focus on Technology

Despite the changes, Technology remains the dominant sector in Provident Investment Management's portfolio, accounting for 36.81% of the total value as of September 30, 2026. This allocation is consistent with previous periods and highlights the firm's confidence in this sector.

The top Technology holdings by value include:

• Visa Inc. ('V') with a portfolio allocation of 7.6%
• Microsoft ('MSFT') at 7.26%
• Vertex Pharmaceuticals ('VRTX') with 6.89%
• Alphabet Inc. Cl C ('GOOG') at 6.62%
• Taiwan Semiconductor ADR ('TSM') with 6.3%

The investor also made minor adjustments within the Technology sector, notably reducing its stake in CACI International Inc. ('CACI') by 18.09%.

No Changes in Other Sectors

The filing does not indicate any new positions or significant changes in holdings for other sectors outside of the Technology, Utilities, and Consumer Cyclical categories mentioned above. The allocation percentages for sectors like Healthcare, Financial Services, and Consumer Cyclical remained relatively stable compared to the previous period.

For instance, in the Healthcare sector, holdings in Pennant Group Inc. ('PNTG') and O Reilly Automotive Inc. ('ORLY') were adjusted, but the overall sector allocation percentage remained unchanged. Similarly, adjustments were noted in Consumer Cyclical holdings, including exits from Booking Holdings Inc. ('BKNG'), but the sector's allocation percentage stayed the same.

Investors interested in tracking Provident Investment Management's Technology focus can refer to the detailed holdings data available in the filing.