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Towne Bank
TOWN

79 hedge funds and large institutions have $116M invested in Towne Bank in 2014 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 29 increasing their positions, 19 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

53% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 19

18% more capital invested

Capital invested by funds: $98.5M → $116M (+$17.8M)

1% more funds holding

Funds holding: 78 → 79 (+1)

Holders
79
Holders Change
+1
Holders Change %
+1.28%
% of All Funds
2.11%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
29
Reduced
19
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FP
Foundry Partners
Minnesota
+$1.87M
2
BFA
BlackRock Fund Advisors
California
+$1.59M
3
BCA
Benchmark Capital Advisors
New York
+$1.12M
4
California Public Employees Retirement System
California Public Employees Retirement System
California
+$1.05M
5
LSV Asset Management
LSV Asset Management
Illinois
+$854K

Top Sellers

Rank Fund Capital Flow
1
NI
Nuance Investments
Missouri
-$759K
2
Millennium Management
Millennium Management
New York
-$219K
3
Stifel Financial
Stifel Financial
Missouri
-$187K
4
ProShare Advisors
ProShare Advisors
Maryland
-$158K
5
BTS
BB&T Securities
Virginia
-$153K
Name Holding Trade Value Shares
Change 		Change in
Stake
CIC
26
Cornercap Investment Counsel
Georgia
$811K +$29.5K +2,000 +4%
MERSOM
27
Municipal Employees' Retirement System of Michigan
Michigan
$752K +$728K +49,400 New
Morgan Stanley
28
Morgan Stanley
New York
$738K -$93K -6,310 -11%
SO
29
STRS Ohio
Ohio
$733K -$36.9K -2,500 -5%
Two Sigma Advisers
30
Two Sigma Advisers
New York
$687K +$85.5K +5,800 +15%
Two Sigma Investments
31
Two Sigma Investments
New York
$633K +$171K +11,578 +38%
AllianceBernstein
32
AllianceBernstein
Tennessee
$632K -$31K -2,100 -5%
TA
33
Teachers Advisors
New York
$627K – – –
RhumbLine Advisers
34
RhumbLine Advisers
Massachusetts
$571K +$51.2K +3,475 +10%
Invesco
35
Invesco
Georgia
$562K +$24.8K +1,683 +5%
DC
36
Davenport & Co
Virginia
$550K -$41.3K -2,800 -7%
CS
37
Credit Suisse
Switzerland
$514K -$75.1K -5,096 -13%
MAM
38
Martingale Asset Management
Massachusetts
$507K -$50.1K -3,400 -9%
ZCM
39
Zebra Capital Management
Connecticut
$492K +$6.37K +432 +1%
Swiss National Bank
40
Swiss National Bank
Switzerland
$452K – – –
AF
41
Aldebaran Financial
$396K +$2.99K +203 +0.8%
Deutsche Bank
42
Deutsche Bank
Germany
$369K +$199K +13,494 +122%
NFA
43
Nationwide Fund Advisors
Ohio
$366K -$2.37K -161 -0.7%
First Trust Advisors
44
First Trust Advisors
Illinois
$355K +$61.3K +4,161 +22%
State Board of Administration of Florida Retirement System
45
State Board of Administration of Florida Retirement System
Florida
$350K – – –
GMIM
46
General Motors Investment Management
New York
$326K +$61.8K +4,190 +24%
Schroder Investment Management Group
47
Schroder Investment Management Group
United Kingdom
$325K – – –
MLICM
48
Metropolitan Life Insurance Company (MetLife)
New York
$318K – – –
BCM
49
Bridgeway Capital Management
Texas
$302K – – –
AIG
50
American International Group
New York
$281K -$10.8K -732 -4%
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TOWN Hedge Fund Activity: Q4 2014 in Review

79 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q4 2014, worth a combined $116M — up 18% from $98.5M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new TOWN positions and 5 closed out — a net gain of 3 holders — while 29 added to existing stakes and 19 trimmed.

The largest buyer was Foundry Partners, opening a new position worth an estimated $1.87M. The largest seller was Nuance Investments, cutting an estimated $759K.

  • 79 institutional investors held Towne Bank (TOWN) as of Q4 2014, up from 78 in Q3 2014.
  • Funds reported $116M of Towne Bank stock for Q4 2014, up 18% quarter-over-quarter.
  • 8 funds opened new Towne Bank positions in Q4 2014 and 5 closed out, a net change of +3 holders.
  • The largest Towne Bank buyer in Q4 2014 was Foundry Partners, an estimated $1.87M added.
  • The largest Towne Bank seller in Q4 2014 was Nuance Investments, an estimated $759K sold.

Based on aggregated 13F filings for Q4 2014.