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Towne Bank
TOWN

99 hedge funds and large institutions have $229M invested in Towne Bank in 2015 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 48 increasing their positions, 12 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 5

300% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 12

97% more capital invested

Capital invested by funds: $116M → $229M (+$112M)

25% more funds holding

Funds holding: 79 → 99 (+20)

Holders
99
Holders Change
+20
Holders Change %
+25.32%
% of All Funds
2.64%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
25
Increased
48
Reduced
12
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LBS
Lawrence B. Seidman
+$21.8M
2
MFP
Michael F. Price
+$17.7M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$8.7M
4
Renaissance Technologies
Renaissance Technologies
New York
+$6.95M
5
BFA
BlackRock Fund Advisors
California
+$5.61M

Top Sellers

Rank Fund Capital Flow
1
JAM
Jacobs Asset Management
New York
-$823K
2
MAM
Martingale Asset Management
Massachusetts
-$507K
3
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
-$325K
4
Deutsche Bank
Deutsche Bank
Germany
-$232K
5
PPA
Parametric Portfolio Associates
Washington
-$168K
Name Holding Trade Value Shares
Change 		Change in
Stake
FPA
26
First Pacific Advisors
California
$1.39M +$1.33M +86,237 New
AllianceBernstein
27
AllianceBernstein
Tennessee
$1.29M +$593K +38,280 +92%
California State Teachers Retirement System (CalSTRS)
28
California State Teachers Retirement System (CalSTRS)
California
$1.26M +$370K +23,927 +44%
Morgan Stanley
29
Morgan Stanley
New York
$1.21M +$407K +26,309 +54%
MCA
30
Mendon Capital Advisors
Florida
$1.13M +$1.08M +70,000 New
CRC
31
Curi RMB Capital
Illinois
$1.1M +$1.06M +68,700 New
CIC
32
Cornercap Investment Counsel
Georgia
$1.08M +$211K +13,605 +25%
OPTFSNA
33
Old Point Trust & Financial Services N A
Virginia
$1.05M – – –
NI
34
Nuance Investments
Missouri
$1.05M -$40.2K -2,597 -4%
LNC
35
Lincoln National Corp
Pennsylvania
$1.03M +$6.56K +424 +0.7%
TA
36
Teachers Advisors
New York
$979K +$300K +19,390 +47%
RhumbLine Advisers
37
RhumbLine Advisers
Massachusetts
$952K +$332K +21,458 +57%
State Board of Administration of Florida Retirement System
38
State Board of Administration of Florida Retirement System
Florida
$932K +$538K +34,785 +150%
Two Sigma Advisers
39
Two Sigma Advisers
New York
$909K +$172K +11,117 +24%
Two Sigma Investments
40
Two Sigma Investments
New York
$899K +$218K +14,058 +34%
PP
41
Palladium Partners
Virginia
$891K – – –
SO
42
STRS Ohio
Ohio
$852K +$69.7K +4,500 +9%
PPA
43
Parametric Portfolio Associates
Washington
$843K -$168K -10,847 -17%
MERSOM
44
Municipal Employees' Retirement System of Michigan
Michigan
$800K – – –
CS
45
Credit Suisse
Switzerland
$754K +$199K +12,831 +38%
BCM
46
Bridgeway Capital Management
Texas
$679K +$344K +22,222 +111%
DC
47
Davenport & Co
Virginia
$624K +$37.6K +2,430 +7%
Swiss National Bank
48
Swiss National Bank
Switzerland
$622K +$136K +8,800 +29%
Wells Fargo
49
Wells Fargo
California
$588K +$470K +30,377 +490%
CC
50
Consector Capital
New York
$577K +$555K +35,870 New
1
2
3 4 5

TOWN Hedge Fund Activity: Q1 2015 in Review

99 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q1 2015, worth a combined $229M — up 97% from $116M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new TOWN positions and 5 closed out — a net gain of 20 holders — while 48 added to existing stakes and 12 trimmed.

The largest buyer was Lawrence B. Seidman, opening a new position worth an estimated $21.8M. The largest seller was Jacobs Asset Management, exiting entirely with an estimated $823K sold.

  • 99 institutional investors held Towne Bank (TOWN) as of Q1 2015, up from 79 in Q4 2014.
  • Funds reported $229M of Towne Bank stock for Q1 2015, up 97% quarter-over-quarter.
  • 25 funds opened new Towne Bank positions in Q1 2015 and 5 closed out, a net change of +20 holders.
  • The largest Towne Bank buyer in Q1 2015 was Lawrence B. Seidman, an estimated $21.8M added.
  • The largest Towne Bank seller in Q1 2015 was Jacobs Asset Management, an estimated $823K sold.

Based on aggregated 13F filings for Q1 2015.