TOWER FINANCIAL CORP
TOFC
TOFC was delisted on the 25th of April, 2014.
21 hedge funds and large institutions have $33.8M invested in TOWER FINANCIAL CORP in 2014 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 2 reducing their positions, and 3 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 2
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
16% more capital invested
Capital invested by funds: $29.1M → $33.8M (+$4.67M)
5% less funds holding
Funds holding: 22 → 21 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GLAM
Gardner Lewis Asset Management
Chadds Ford,
Pennsylvania
|
+$4.6M |
| 2 |
PCM
Prelude Capital Management
New York
|
+$95.9K |
| 3 |
TT
Tower Trust
Fort Wayne,
Indiana
|
+$44K |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$24.3K |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$20.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LOM
Loeb Offshore Management
New York
|
-$213K |
| 2 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$83.1K |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$19.6K |
| 4 |
Citigroup
New York
|
-$2K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1K |
TOFC Hedge Fund Activity: Q1 2014 in Review
21 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in TOWER FINANCIAL CORP (TOFC) for Q1 2014, worth a combined $33.8M — up 16% from $29.1M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of TOFC and 2 opened new positions — a net loss of 1 holder — while 2 trimmed existing stakes and 5 added.
The largest buyer was Gardner Lewis Asset Management, adding an estimated $4.6M. The largest seller was Loeb Offshore Management, exiting entirely with an estimated $213K sold.
- 21 institutional investors held TOWER FINANCIAL CORP (TOFC) as of Q1 2014, down from 22 in Q4 2013.
- Funds reported $33.8M of TOWER FINANCIAL CORP stock for Q1 2014, up 16% quarter-over-quarter.
- 2 funds opened new TOWER FINANCIAL CORP positions in Q1 2014 and 3 closed out, a net change of -1 holder.
- The largest TOWER FINANCIAL CORP buyer in Q1 2014 was Gardner Lewis Asset Management, an estimated $4.6M added.
- The largest TOWER FINANCIAL CORP seller in Q1 2014 was Loeb Offshore Management, an estimated $213K sold.
Based on aggregated 13F filings for Q1 2014.