TOWER FINANCIAL CORP
TOFC
TOFC was delisted on the 25th of April, 2014.
22 hedge funds and large institutions have $29.1M invested in TOWER FINANCIAL CORP in 2013 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 4 reducing their positions, and 1 closing their positions.
400% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 1
50% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 4
26% more capital invested
Capital invested by funds: $23.2M → $29.1M (+$5.94M)
22% more funds holding
Funds holding: 18 → 22 (+4)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GLAM
Gardner Lewis Asset Management
Chadds Ford,
Pennsylvania
|
+$1.3M |
| 2 |
LOM
Loeb Offshore Management
New York
|
+$208K |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$184K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$24.2K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$12.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Prelude Capital Management
New York
|
-$148K |
| 2 |
U
UBS
Zurich,
Switzerland
|
-$30.8K |
| 3 |
PFM
Phillips Financial Management
Fort Wayne,
Indiana
|
-$17K |
| 4 |
TT
Tower Trust
Fort Wayne,
Indiana
|
-$8.02K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1K |
TOFC Hedge Fund Activity: Q4 2013 in Review
22 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in TOWER FINANCIAL CORP (TOFC) for Q4 2013, worth a combined $29.1M — up 26% from $23.2M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new TOFC positions and 1 closed out — a net gain of 4 holders — while 6 added to existing stakes and 4 trimmed.
The largest buyer was Gardner Lewis Asset Management, adding an estimated $1.3M. The largest seller was Prelude Capital Management, cutting an estimated $148K.
- 22 institutional investors held TOWER FINANCIAL CORP (TOFC) as of Q4 2013, up from 18 in Q3 2013.
- Funds reported $29.1M of TOWER FINANCIAL CORP stock for Q4 2013, up 26% quarter-over-quarter.
- 5 funds opened new TOWER FINANCIAL CORP positions in Q4 2013 and 1 closed out, a net change of +4 holders.
- The largest TOWER FINANCIAL CORP buyer in Q4 2013 was Gardner Lewis Asset Management, an estimated $1.3M added.
- The largest TOWER FINANCIAL CORP seller in Q4 2013 was Prelude Capital Management, an estimated $148K sold.
Based on aggregated 13F filings for Q4 2013.