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Towne Bank
TOWN

127 hedge funds and large institutions have $541M invested in Towne Bank in 2016 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 47 increasing their positions, 44 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more capital invested

Capital invested by funds: $459M → $541M (+$82M)

7% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 44

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

5% less funds holding

Funds holding: 133 → 127 (-6)

33% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 18

Holders
127
Holders Change
-6
Holders Change %
-4.51%
% of All Funds
3.39%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
12
Increased
47
Reduced
44
Closed
18
Calls
$8.09M
Puts
–
Net Calls
+$8.09M
Net Calls Change
+$3.67M

Top Buyers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$16.7M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$14.8M
3
Principal Financial Group
Principal Financial Group
Iowa
+$5.1M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$5.05M
5
State Street
State Street
Massachusetts
+$3.82M

Top Sellers

1
LBS
Lawrence B. Seidman
-$6.93M
2
Renaissance Technologies
Renaissance Technologies
New York
-$2.39M
3
MFP
Michael F. Price
-$2.32M
4
MCM
Maltese Capital Management
New York
-$2.18M
5
JAM
Jupiter Asset Management
United Kingdom
-$2.17M
Name Holding Trade Value Shares
Change 		Change in
Stake
Arrowstreet Capital
26
Arrowstreet Capital
Massachusetts
$3.43M +$1.56M +67,147 +89%
California Public Employees Retirement System
27
California Public Employees Retirement System
California
$3.3M +$4.64K +200 +0.1%
MFWM
28
Motley Fool Wealth Management
Virginia
$3.27M -$50.3K -2,170 -2%
California State Teachers Retirement System (CalSTRS)
29
California State Teachers Retirement System (CalSTRS)
California
$2.84M +$25.5K +1,100 +0.9%
AQR Capital Management
30
AQR Capital Management
Connecticut
$2.76M +$54.6K +2,354 +2%
State Board of Administration of Florida Retirement System
31
State Board of Administration of Florida Retirement System
Florida
$2.67M -$52.7K -2,272 -2%
MAM
32
Martingale Asset Management
Massachusetts
$2.61M +$2.52M +108,595 New
OCM
33
Olstein Capital Management
New York
$2.4M +$1.74K +75 +0.1%
TA
34
Teachers Advisors
New York
$2.34M -$19.2K -828 -0.8%
BCA
35
Benchmark Capital Advisors
New York
$2.33M -$74.2K -3,200 -3%
Wells Fargo
36
Wells Fargo
California
$2.33M +$568K +24,521 +34%
First Trust Advisors
37
First Trust Advisors
Illinois
$2.29M +$524K +22,614 +31%
PP
38
Palladium Partners
Virginia
$2.27M -$79.6K -3,434 -4%
Swiss National Bank
39
Swiss National Bank
Switzerland
$2.13M -$76.5K -3,300 -4%
Bank of America
40
Bank of America
North Carolina
$2.11M -$461K -19,876 -18%
Morgan Stanley
41
Morgan Stanley
New York
$2.1M -$1.06M -45,543 -34%
BCM
42
BHZ Capital Management
California
$2.09M -$118K -5,110 -6%
AllianceBernstein
43
AllianceBernstein
Tennessee
$1.97M – – –
RJFSA
44
Raymond James Financial Services Advisors
Florida
$1.74M -$185K -7,979 -10%
LSV Asset Management
45
LSV Asset Management
Illinois
$1.72M -$1.06M -45,780 -39%
CS
46
Credit Suisse
Switzerland
$1.56M -$99.6K -4,296 -6%
RhumbLine Advisers
47
RhumbLine Advisers
Massachusetts
$1.55M +$70.7K +3,050 +5%
New York State Common Retirement Fund
48
New York State Common Retirement Fund
New York
$1.49M +$92.4K +3,984 +7%
SFM
49
Signature Financial Management
Virginia
$1.32M – – –
PPA
50
Parametric Portfolio Associates
Washington
$1.27M +$48.3K +2,085 +4%
1
2
3 4 5

TOWN Hedge Fund Activity: Q3 2016 in Review

127 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q3 2016, worth a combined $541M — up 18% from $459M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of TOWN and 12 opened new positions — a net loss of 6 holders — while 44 trimmed existing stakes and 47 added.

The largest buyer was T. Rowe Price Associates, adding an estimated $16.7M. The largest seller was Lawrence B. Seidman, cutting an estimated $6.93M.

  • 127 institutional investors held Towne Bank (TOWN) as of Q3 2016, down from 133 in Q2 2016.
  • Funds reported $541M of Towne Bank stock for Q3 2016, up 18% quarter-over-quarter.
  • 12 funds opened new Towne Bank positions in Q3 2016 and 18 closed out, a net change of -6 holders.
  • The largest Towne Bank buyer in Q3 2016 was T. Rowe Price Associates, an estimated $16.7M added.
  • The largest Towne Bank seller in Q3 2016 was Lawrence B. Seidman, an estimated $6.93M sold.

Based on aggregated 13F filings for Q3 2016.