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Towne Bank
TOWN

62 hedge funds and large institutions have $85.4M invested in Towne Bank in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 29 increasing their positions, 18 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

61% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 18

0% more capital invested

Capital invested by funds: $85.2M → $85.4M (+$192K)

2% less funds holding

Funds holding: 63 → 62 (-1)

20% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 5

Holders
62
Holders Change
-1
Holders Change %
-1.59%
% of All Funds
2.01%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
29
Reduced
18
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BFA
BlackRock Fund Advisors
California
+$1.18M
2
OPTFSNA
Old Point Trust & Financial Services N A
Virginia
+$555K
3
WSTAM
Wilbanks Smith & Thomas Asset Management
Virginia
+$401K
4
JP Morgan Chase
JP Morgan Chase
New York
+$371K
5
NI
Nuance Investments
Missouri
+$365K

Top Sellers

Rank Fund Capital Flow
1
First Trust Advisors
First Trust Advisors
Illinois
-$647K
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$518K
3
Bank of America
Bank of America
North Carolina
-$469K
4
RJFSA
Raymond James Financial Services Advisors
Florida
-$355K
5
BGIM
Brandywine Global Investment Management
Pennsylvania
-$264K
Name Holding Trade Value Shares
Change 		Change in
Stake
DC
26
Davenport & Co
Virginia
$531K +$54K +3,541 +11%
RhumbLine Advisers
27
RhumbLine Advisers
Massachusetts
$526K -$3.8K -249 -0.7%
TA
28
Teachers Advisors
New York
$499K -$107 -7 -0%
Invesco
29
Invesco
Georgia
$494K +$72.4K +4,743 +16%
Renaissance Technologies
30
Renaissance Technologies
New York
$477K -$107K -7,002 -17%
State Board of Administration of Florida Retirement System
31
State Board of Administration of Florida Retirement System
Florida
$334K – – –
NFA
32
Nationwide Fund Advisors
Ohio
$333K +$12.8K +839 +4%
MLICM
33
Metropolitan Life Insurance Company (MetLife)
New York
$303K – – –
Swiss National Bank
34
Swiss National Bank
Switzerland
$261K -$22.9K -1,500 -8%
AIG
35
American International Group
New York
$254K -$7.4K -485 -3%
VOYA Investment Management
36
VOYA Investment Management
Georgia
$246K – – –
ProShare Advisors
37
ProShare Advisors
Maryland
$241K -$4.08K -267 -2%
BA
38
BlackRock Advisors
Delaware
$240K +$1.54K +101 +0.6%
ZCM
39
Zebra Capital Management
Connecticut
$212K -$24.9K -1,633 -10%
GMIM
40
General Motors Investment Management
New York
$178K – – –
D.E. Shaw & Co
41
D.E. Shaw & Co
New York
$175K +$25.6K +1,675 +16%
Principal Financial Group
42
Principal Financial Group
Iowa
$165K -$5.77K -378 -3%
SFM
43
Signature Financial Management
Virginia
$165K – – –
RFC
44
Russell Frank Company
Washington
$153K +$114K +7,438 +235%
LWCFA
45
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$134K – – –
Citigroup
46
Citigroup
New York
$106K -$105K -6,861 -48%
Bank of America
47
Bank of America
North Carolina
$104K -$469K -30,740 -81%
Wells Fargo
48
Wells Fargo
California
$86K +$824 +54 +0.9%
BGIM
49
Brandywine Global Investment Management
Pennsylvania
$51K -$264K -17,330 -83%
Teacher Retirement System of Texas
50
Teacher Retirement System of Texas
Texas
$46K +$22.9K +1,498 +90%
1
2
3

TOWN Hedge Fund Activity: Q3 2013 in Review

62 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q3 2013, worth a combined $85.4M — up 0.23% from $85.2M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of TOWN and 4 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 29 added.

The largest buyer was BlackRock Fund Advisors, adding an estimated $1.18M. The largest seller was First Trust Advisors, exiting entirely with an estimated $647K sold.

  • 62 institutional investors held Towne Bank (TOWN) as of Q3 2013, down from 63 in Q2 2013.
  • Funds reported $85.4M of Towne Bank stock for Q3 2013, up 0.23% quarter-over-quarter.
  • 4 funds opened new Towne Bank positions in Q3 2013 and 5 closed out, a net change of -1 holder.
  • The largest Towne Bank buyer in Q3 2013 was BlackRock Fund Advisors, an estimated $1.18M added.
  • The largest Towne Bank seller in Q3 2013 was First Trust Advisors, an estimated $647K sold.

Based on aggregated 13F filings for Q3 2013.