TOWER FINANCIAL CORP
TOFC
TOFC was delisted on the 25th of April, 2014.
18 hedge funds and large institutions have $23.2M invested in TOWER FINANCIAL CORP in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 4 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
58% more capital invested
Capital invested by funds: $14.6M → $23.2M (+$8.55M)
25% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 4
20% more funds holding
Funds holding: 15 → 18 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.71M |
| 2 |
GLAM
Gardner Lewis Asset Management
Chadds Ford,
Pennsylvania
|
+$1.21M |
| 3 |
STIA
Stone Toro Investment Advisers
Princeton,
New Jersey
|
+$853K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$529K |
| 5 |
PCM
Prelude Capital Management
New York
|
+$171K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MI
M3F Inc
Salt Lake City,
Utah
|
-$2.98M |
| 2 |
EVC
Eidelman Virant Capital
Saint Louis,
Missouri
|
-$1.07M |
| 3 |
TT
Tower Trust
Fort Wayne,
Indiana
|
-$45.8K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$3.41K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$3.41K |
TOFC Hedge Fund Activity: Q3 2013 in Review
18 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in TOWER FINANCIAL CORP (TOFC) for Q3 2013, worth a combined $23.2M — up 58% from $14.6M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new TOFC positions and 3 closed out — a net gain of 3 holders — while 5 added to existing stakes and 4 trimmed.
The largest buyer was AQR Capital Management, opening a new position worth an estimated $1.71M. The largest seller was M3F Inc, exiting entirely with an estimated $2.98M sold.
- 18 institutional investors held TOWER FINANCIAL CORP (TOFC) as of Q3 2013, up from 15 in Q2 2013.
- Funds reported $23.2M of TOWER FINANCIAL CORP stock for Q3 2013, up 58% quarter-over-quarter.
- 6 funds opened new TOWER FINANCIAL CORP positions in Q3 2013 and 3 closed out, a net change of +3 holders.
- The largest TOWER FINANCIAL CORP buyer in Q3 2013 was AQR Capital Management, an estimated $1.71M added.
- The largest TOWER FINANCIAL CORP seller in Q3 2013 was M3F Inc, an estimated $2.98M sold.
Based on aggregated 13F filings for Q3 2013.