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Towne Bank
TOWN

111 hedge funds and large institutions have $335M invested in Towne Bank in 2015 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 41 increasing their positions, 31 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 8

32% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 31

20% more capital invested

Capital invested by funds: $279M → $335M (+$56.1M)

10% more funds holding

Funds holding: 101 → 111 (+10)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
111
Holders Change
+10
Holders Change %
+9.9%
% of All Funds
2.91%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
18
Increased
41
Reduced
31
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$27.2M
2
Renaissance Technologies
Renaissance Technologies
New York
+$2.2M
3
MFWM
Motley Fool Wealth Management
Virginia
+$1.81M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$1.52M
5
BFA
BlackRock Fund Advisors
California
+$1.21M

Top Sellers

Rank Fund Capital Flow
1
LSV Asset Management
LSV Asset Management
Illinois
-$4.13M
2
FP
Foundry Partners
Minnesota
-$3.54M
3
LBS
Lawrence B. Seidman
-$3.34M
4
PP
Prospector Partners
Connecticut
-$1.44M
5
ECA
Endeavour Capital Advisors
Connecticut
-$1.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
26
Wells Fargo
California
$1.81M +$643K +30,422 +54%
FPA
27
First Pacific Advisors
California
$1.8M – – –
MFWM
28
Motley Fool Wealth Management
Virginia
$1.78M +$1.81M +85,480 New
California State Teachers Retirement System (CalSTRS)
29
California State Teachers Retirement System (CalSTRS)
California
$1.76M +$27.5K +1,299 +2%
PCM
30
Piermont Capital Management
Missouri
$1.71M – – –
AllianceBernstein
31
AllianceBernstein
Tennessee
$1.67M -$32.6K -1,540 -2%
RJFSA
32
Raymond James Financial Services Advisors
Florida
$1.63M -$390K -18,442 -19%
TA
33
Teachers Advisors
New York
$1.54M +$188K +8,889 +14%
MCA
34
Mendon Capital Advisors
Florida
$1.46M – – –
State Board of Administration of Florida Retirement System
35
State Board of Administration of Florida Retirement System
Florida
$1.33M – – –
LPL Financial
36
LPL Financial
California
$1.32M +$685K +32,411 +104%
First Trust Advisors
37
First Trust Advisors
Illinois
$1.31M +$640K +30,262 +93%
OPTFSNA
38
Old Point Trust & Financial Services N A
Virginia
$1.3M – – –
RhumbLine Advisers
39
RhumbLine Advisers
Massachusetts
$1.28M +$4.12K +195 +0.3%
Wellington Management Group
40
Wellington Management Group
Massachusetts
$1.26M – – –
PP
41
Palladium Partners
Virginia
$1.22M +$88.2K +4,170 +8%
EI
42
EAM Investors
California
$1.21M -$27.5K -1,302 -2%
RFC
43
Russell Frank Company
Washington
$1.13M +$55.9K +2,646 +5%
Susquehanna International Group
44
Susquehanna International Group
Pennsylvania
$1.08M +$599K +28,351 +122%
Swiss National Bank
45
Swiss National Bank
Switzerland
$1.07M – – –
NFA
46
Nationwide Fund Advisors
Ohio
$1.06M +$368K +17,393 +52%
SBIA
47
Sheaff Brock Investment Advisors
Indiana
$1.03M +$1.04M +49,171 New
PPA
48
Parametric Portfolio Associates
Washington
$1.02M +$107K +5,062 +12%
SFM
49
Signature Financial Management
Virginia
$1.01M – – –
DC
50
Davenport & Co
Virginia
$977K +$37.4K +1,767 +4%
1
2
3 4 5

TOWN Hedge Fund Activity: Q4 2015 in Review

111 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q4 2015, worth a combined $335M — up 20% from $279M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new TOWN positions and 8 closed out — a net gain of 10 holders — while 41 added to existing stakes and 31 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $27.2M. The largest seller was LSV Asset Management, cutting an estimated $4.13M.

  • 111 institutional investors held Towne Bank (TOWN) as of Q4 2015, up from 101 in Q3 2015.
  • Funds reported $335M of Towne Bank stock for Q4 2015, up 20% quarter-over-quarter.
  • 18 funds opened new Towne Bank positions in Q4 2015 and 8 closed out, a net change of +10 holders.
  • The largest Towne Bank buyer in Q4 2015 was T. Rowe Price Associates, an estimated $27.2M added.
  • The largest Towne Bank seller in Q4 2015 was LSV Asset Management, an estimated $4.13M sold.

Based on aggregated 13F filings for Q4 2015.