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Towne Bank
TOWN

133 hedge funds and large institutions have $459M invested in Towne Bank in 2016 Q2 according to their latest regulatory filings, with 36 funds opening new positions, 54 increasing their positions, 25 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

414% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 7

116% more repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 25

50% more capital invested

Capital invested by funds: $307M → $459M (+$152M)

25% more funds holding

Funds holding: 106 → 133 (+27)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
133
Holders Change
+27
Holders Change %
+25.47%
% of All Funds
3.55%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
36
Increased
54
Reduced
25
Closed
7
Calls
$4.41M
Puts
–
Net Calls
+$4.41M
Net Calls Change
+$4.21M

Top Buyers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$28.8M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$9.29M
3
Truist Financial
Truist Financial
North Carolina
+$8.57M
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$7.97M
5
Wellington Management Group
Wellington Management Group
Massachusetts
+$6.89M

Top Sellers

Rank Fund Capital Flow
1
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$2.01M
2
OPTFSNA
Old Point Trust & Financial Services N A
Virginia
-$1.11M
3
ECA
Endeavour Capital Advisors
Connecticut
-$925K
4
CS
Credit Suisse
Switzerland
-$740K
5
Citigroup
Citigroup
New York
-$695K
Name Holding Trade Value Shares
Change 		Change in
Stake
California Public Employees Retirement System
26
California Public Employees Retirement System
California
$2.97M +$383K +18,293 +15%
Morgan Stanley
27
Morgan Stanley
New York
$2.88M -$314K -14,969 -10%
LSV Asset Management
28
LSV Asset Management
Illinois
$2.54M +$256K +12,196 +12%
California State Teachers Retirement System (CalSTRS)
29
California State Teachers Retirement System (CalSTRS)
California
$2.54M +$436K +20,807 +22%
State Board of Administration of Florida Retirement System
30
State Board of Administration of Florida Retirement System
Florida
$2.46M +$1.04M +49,650 +78%
AQR Capital Management
31
AQR Capital Management
Connecticut
$2.44M -$204K -9,749 -8%
Bank of America
32
Bank of America
North Carolina
$2.33M +$1.34M +63,873 +146%
MCM
33
Maltese Capital Management
New York
$2.18M -$302K -14,408 -13%
BCA
34
Benchmark Capital Advisors
New York
$2.17M -$60.8K -2,900 -3%
OCM
35
Olstein Capital Management
New York
$2.16M +$15.7K +750 +0.8%
TA
36
Teachers Advisors
New York
$2.13M +$403K +19,254 +24%
PP
37
Palladium Partners
Virginia
$2.12M +$837K +39,960 +69%
QI
38
QS Investors
New York
$2.01M +$1.48M +70,795 +320%
BCM
39
BHZ Capital Management
California
$2M +$1.93M +92,204 New
Swiss National Bank
40
Swiss National Bank
Switzerland
$1.99M +$588K +28,057 +44%
AllianceBernstein
41
AllianceBernstein
Tennessee
$1.77M +$16.6K +792 +1%
RJFSA
42
Raymond James Financial Services Advisors
Florida
$1.74M +$36.7K +1,750 +2%
Arrowstreet Capital
43
Arrowstreet Capital
Massachusetts
$1.64M +$946K +45,144 +148%
First Trust Advisors
44
First Trust Advisors
Illinois
$1.57M +$486K +23,196 +47%
Wells Fargo
45
Wells Fargo
California
$1.57M -$286K -13,629 -16%
CS
46
Credit Suisse
Switzerland
$1.5M -$740K -35,337 -34%
RhumbLine Advisers
47
RhumbLine Advisers
Massachusetts
$1.33M -$157K -7,500 -11%
New York State Common Retirement Fund
48
New York State Common Retirement Fund
New York
$1.26M +$274K +13,063 +29%
DC
49
Davenport & Co
Virginia
$1.24M +$108K +5,165 +10%
SFM
50
Signature Financial Management
Virginia
$1.19M +$136K +6,468 +13%
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TOWN Hedge Fund Activity: Q2 2016 in Review

133 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q2 2016, worth a combined $459M — up 50% from $307M a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new TOWN positions and 7 closed out — a net gain of 29 holders — while 54 added to existing stakes and 25 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $28.8M. The largest seller was Dimensional Fund Advisors, cutting an estimated $2.01M.

  • 133 institutional investors held Towne Bank (TOWN) as of Q2 2016, up from 106 in Q1 2016.
  • Funds reported $459M of Towne Bank stock for Q2 2016, up 50% quarter-over-quarter.
  • 36 funds opened new Towne Bank positions in Q2 2016 and 7 closed out, a net change of +29 holders.
  • The largest Towne Bank buyer in Q2 2016 was T. Rowe Price Associates, an estimated $28.8M added.
  • The largest Towne Bank seller in Q2 2016 was Dimensional Fund Advisors, an estimated $2.01M sold.

Based on aggregated 13F filings for Q2 2016.