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Towne Bank
TOWN

109 hedge funds and large institutions have $825M invested in Towne Bank in 2017 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 47 increasing their positions, 32 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

47% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 32

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.24% less ownership

Funds ownership: 43.06% → 42.82% (-0.24%)

5% less capital invested

Capital invested by funds: $868M → $825M (-$43.1M)

11% less funds holding

Funds holding: 123 → 109 (-14)

58% less call options, than puts

Call options by funds: $403K | Put options by funds: $970K

76% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 17

Holders
109
Holders Change
-14
Holders Change %
-11.38%
% of All Funds
2.72%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
4
Increased
47
Reduced
32
Closed
17
Calls
$403K
Puts
$970K
Net Calls
-$567K
Net Calls Change
-$1.49M

Top Buyers

1
CIP
Chartwell Investment Partners
Pennsylvania
+$5.58M
2
Norges Bank
Norges Bank
Norway
+$4.91M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$2.75M
4
State Street
State Street
Massachusetts
+$2.44M
5
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$2.23M

Top Sellers

1
Principal Financial Group
Principal Financial Group
Iowa
-$5.04M
2
MFAM
Motley Fool Asset Management
Virginia
-$3.73M
3
Wellington Management Group
Wellington Management Group
Massachusetts
-$3.38M
4
MFWM
Motley Fool Wealth Management
Virginia
-$3.35M
5
MFP
Michael F. Price
-$1.81M
Name Holding Trade Value Shares
Change 		Change in
Stake
California Public Employees Retirement System
26
California Public Employees Retirement System
California
$3.76M +$167K +5,400 +5%
TA
27
Teachers Advisors
New York
$3.4M +$201K +6,483 +6%
MAM
28
Martingale Asset Management
Massachusetts
$3.31M -$155 -5 -0%
Bank of America
29
Bank of America
North Carolina
$3.22M +$958K +30,955 +42%
California State Teachers Retirement System (CalSTRS)
30
California State Teachers Retirement System (CalSTRS)
California
$3.09M -$306K -9,877 -9%
RHCA
31
Rosenthal Henry Capital Advisors
Indiana
$3.08M – – –
Swiss National Bank
32
Swiss National Bank
Switzerland
$3.04M +$198K +6,400 +7%
JAM
33
Jupiter Asset Management
United Kingdom
$2.83M -$140K -4,514 -5%
PP
34
Palladium Partners
Virginia
$2.79M +$2.48K +80 +0.1%
Wells Fargo
35
Wells Fargo
California
$2.57M -$314K -10,148 -11%
AllianceBernstein
36
AllianceBernstein
Tennessee
$2.52M – – –
RhumbLine Advisers
37
RhumbLine Advisers
Massachusetts
$2.24M +$96.3K +3,113 +4%
Deutsche Bank
38
Deutsche Bank
Germany
$2.16M +$1.67M +53,968 +331%
PPA
39
Parametric Portfolio Associates
Washington
$2.02M +$370K +11,972 +22%
New York State Common Retirement Fund
40
New York State Common Retirement Fund
New York
$1.92M +$322K +10,399 +20%
Invesco
41
Invesco
Georgia
$1.81M -$1.16M -37,561 -39%
State Board of Administration of Florida Retirement System
42
State Board of Administration of Florida Retirement System
Florida
$1.77M -$65.4K -2,115 -4%
Bessemer Group
43
Bessemer Group
New Jersey
$1.6M – – –
CS
44
Credit Suisse
Switzerland
$1.55M -$175K -5,660 -10%
SFM
45
Signature Financial Management
Virginia
$1.48M -$1.16M -37,432 -44%
NFA
46
Nationwide Fund Advisors
Ohio
$1.31M +$40.7K +1,316 +3%
BTS
47
BB&T Securities
Virginia
$1.27M +$415K +13,409 +48%
DC
48
Davenport & Co
Virginia
$1.27M +$49K +1,584 +4%
JP Morgan Chase
49
JP Morgan Chase
New York
$1.23M -$762K -24,622 -38%
MLICM
50
Metropolitan Life Insurance Company (MetLife)
New York
$1.21M +$7.24K +234 +0.6%
1
2
3 4 5

TOWN Hedge Fund Activity: Q2 2017 in Review

109 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q2 2017, worth a combined $825M — down 5% from $868M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of TOWN and 4 opened new positions — a net loss of 13 holders — while 32 trimmed existing stakes and 47 added.

The largest buyer was Chartwell Investment Partners, opening a new position worth an estimated $5.58M. The largest seller was Principal Financial Group, cutting an estimated $5.04M.

  • 109 institutional investors held Towne Bank (TOWN) as of Q2 2017, down from 123 in Q1 2017.
  • Funds reported $825M of Towne Bank stock for Q2 2017, down 5% quarter-over-quarter.
  • 4 funds opened new Towne Bank positions in Q2 2017 and 17 closed out, a net change of -13 holders.
  • The largest Towne Bank buyer in Q2 2017 was Chartwell Investment Partners, an estimated $5.58M added.
  • The largest Towne Bank seller in Q2 2017 was Principal Financial Group, an estimated $5.04M sold.

Based on aggregated 13F filings for Q2 2017.