Provident Trust Strategy Fund
PROVX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- N16 W23217 Stone Ridge Drive Waukesha WI United States of America 53188
- IPO Date
- Dec 23, 1986
- CIK
- 0000796227
- Website
- provfunds.com
- Similar Companies
- Business
- Provident Trust Strategy Fund (PROVX) is a non-diversified, concentrated multi-cap core growth equity mutual fund that seeks long-term capital appreciation by aiming to outperform the S&P 500 Index over full investment cycles of typically five to seven years, including both market advances and declines; it flexibly allocates assets among common stocks of all market capitalizations, high-quality bonds, and money market instruments to manage volatility, with stock selection emphasizing companies demonstrating improving revenue and earnings growth, expanding margins, substantial management ownership, and attractive forward valuation potential. The fund's equity portfolio is characterized by high active share (91.17% as of September 30, 2025), low turnover (0%), and concentration in top holdings such as Alphabet Inc. (Classes A and C at 24.87%), Costco Wholesale Corp., Visa Inc., PNC Financial Services Group Inc., and Charles Schwab Corp., spanning sectors including technology, consumer defensive, financial services, and retail; it maintains significant cash and equivalents exposure (17.49% as of September 30, 2025) for risk moderation and invests primarily in U.S. large- and mid-cap growth stocks while permitting smaller-cap positions. Advised by Provident Trust Company, the fund is distributed by Quasar Distributors, LLC, with services administered by U.S. Bank Global Fund Services; its expense ratio stands at 0.96% (capped at 1.00% through January 31, 2026), net assets total approximately $204-216 million, minimum initial investment is $1,000, and it serves U.S. individual and institutional investors seeking growth-oriented exposure. Launched on December 30, 1986, with Provident Trust Company assuming advisory responsibility on September 9, 2002, the fund is headquartered in Waukesha, Wisconsin, through its adviser at N16 W23217 Stone Ridge Drive. In recent developments, the strategy shifted its Morningstar peer category from Large Growth to Large Blend in November 2024, reflecting an evolving investment style amid market conditions; performance through September 30, 2025, showed quarterly gains of 2.61% (versus S&P 500's 10.94%), with no portfolio composition changes during the quarter and sustained emphasis on durable growth equities amid disinflationary trends projected through 2026.