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Towne Bank
TOWN

63 hedge funds and large institutions have $96.8M invested in Towne Bank in 2013 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 24 increasing their positions, 20 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 20

13% more capital invested

Capital invested by funds: $85.4M → $96.8M (+$11.4M)

11% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 9

2% more funds holding

Funds holding: 62 → 63 (+1)

Holders
63
Holders Change
+1
Holders Change %
+1.61%
% of All Funds
1.83%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
24
Reduced
20
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$1.89M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$747K
3
NI
Nuance Investments
Missouri
+$662K
4
Bank of New York Mellon
Bank of New York Mellon
New York
+$602K
5
Goldman Sachs
Goldman Sachs
New York
+$334K

Top Sellers

Rank Fund Capital Flow
1
Renaissance Technologies
Renaissance Technologies
New York
-$477K
2
JP Morgan Chase
JP Morgan Chase
New York
-$376K
3
Deutsche Bank
Deutsche Bank
Germany
-$375K
4
BFA
BlackRock Fund Advisors
California
-$338K
5
ProShare Advisors
ProShare Advisors
Maryland
-$241K
Name Holding Trade Value Shares
Change 		Change in
Stake
TA
26
Teachers Advisors
New York
$532K – – –
RhumbLine Advisers
27
RhumbLine Advisers
Massachusetts
$525K -$35K -2,350 -6%
Invesco
28
Invesco
Georgia
$426K -$98.4K -6,609 -19%
AF
29
Aldebaran Financial
$392K +$379K +25,457 New
State Board of Administration of Florida Retirement System
30
State Board of Administration of Florida Retirement System
Florida
$357K – – –
NFA
31
Nationwide Fund Advisors
Ohio
$349K -$5.72K -384 -2%
Goldman Sachs
32
Goldman Sachs
New York
$345K +$334K +22,436 New
Citigroup
33
Citigroup
New York
$327K +$206K +13,830 +187%
MLICM
34
Metropolitan Life Insurance Company (MetLife)
New York
$323K – – –
Two Sigma Investments
35
Two Sigma Investments
New York
$312K +$302K +20,285 New
Swiss National Bank
36
Swiss National Bank
Switzerland
$279K – – –
BA
37
BlackRock Advisors
Delaware
$279K +$22.1K +1,483 +9%
Deutsche Bank
38
Deutsche Bank
Germany
$276K -$375K -25,188 -58%
AIG
39
American International Group
New York
$269K -$2.61K -175 -1%
VOYA Investment Management
40
VOYA Investment Management
Georgia
$262K – – –
MAM
41
Martingale Asset Management
Massachusetts
$233K +$225K +15,103 New
GMIM
42
General Motors Investment Management
New York
$221K +$29.9K +2,009 +16%
Bank of America
43
Bank of America
North Carolina
$207K +$92.3K +6,202 +86%
Two Sigma Advisers
44
Two Sigma Advisers
New York
$207K +$200K +13,424 New
JP Morgan Chase
45
JP Morgan Chase
New York
$205K -$376K -25,277 -65%
AIU
46
Algebris Investments (UK)
United Kingdom
$192K +$186K +12,500 New
First Trust Advisors
47
First Trust Advisors
Illinois
$187K +$181K +12,183 New
SFM
48
Signature Financial Management
Virginia
$175K – – –
Principal Financial Group
49
Principal Financial Group
Iowa
$172K -$3.08K -207 -2%
CCM
50
Coe Capital Management
Illinois
$165K +$160K +10,743 New
1
2
3

TOWN Hedge Fund Activity: Q4 2013 in Review

63 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q4 2013, worth a combined $96.8M — up 13% from $85.4M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new TOWN positions and 9 closed out — a net gain of 1 holder — while 24 added to existing stakes and 20 trimmed.

The largest buyer was Ameriprise, adding an estimated $1.89M. The largest seller was Renaissance Technologies, exiting entirely with an estimated $477K sold.

  • 63 institutional investors held Towne Bank (TOWN) as of Q4 2013, up from 62 in Q3 2013.
  • Funds reported $96.8M of Towne Bank stock for Q4 2013, up 13% quarter-over-quarter.
  • 10 funds opened new Towne Bank positions in Q4 2013 and 9 closed out, a net change of +1 holder.
  • The largest Towne Bank buyer in Q4 2013 was Ameriprise, an estimated $1.89M added.
  • The largest Towne Bank seller in Q4 2013 was Renaissance Technologies, an estimated $477K sold.

Based on aggregated 13F filings for Q4 2013.