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Towne Bank
TOWN

111 hedge funds and large institutions have $941M invested in Towne Bank in 2017 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 42 increasing their positions, 31 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

177% more call options, than puts

Call options by funds: $948K | Put options by funds: $342K

50% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 6

35% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 31

14% more capital invested

Capital invested by funds: $825M → $941M (+$116M)

2.07% more ownership

Funds ownership: 42.82% → 44.89% (+2.1%)

2% more funds holding

Funds holding: 109 → 111 (+2)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
111
Holders Change
+2
Holders Change %
+1.83%
% of All Funds
2.77%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
9
Increased
42
Reduced
31
Closed
6
Calls
$948K
Puts
$342K
Net Calls
+$606K
Net Calls Change
+$1.17M

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$17.3M
2
CIP
Chartwell Investment Partners
Pennsylvania
+$9.5M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$3.81M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$3.79M
5
Bank of America
Bank of America
North Carolina
+$3.48M

Top Sellers

1
Principal Financial Group
Principal Financial Group
Iowa
-$4.01M
2
AQR Capital Management
AQR Capital Management
Connecticut
-$1.71M
3
First Trust Advisors
First Trust Advisors
Illinois
-$1.11M
4
VRS
Virginia Retirement Systems
Virginia
-$1.07M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$737K
Name Holding Trade Value Shares
Change 		Change in
Stake
TA
26
Teachers Advisors
New York
$3.67M -$25.4K -815 -0.7%
JAM
27
Jupiter Asset Management
United Kingdom
$3.66M +$543K +17,447 +19%
Wells Fargo
28
Wells Fargo
California
$3.66M +$801K +25,747 +31%
RHCA
29
Rosenthal Henry Capital Advisors
Indiana
$3.35M – – –
MAM
30
Martingale Asset Management
Massachusetts
$3.32M -$259K -8,316 -8%
Swiss National Bank
31
Swiss National Bank
Switzerland
$3.31M – – –
First Trust Advisors
32
First Trust Advisors
Illinois
$3.2M -$1.11M -35,648 -27%
California State Teachers Retirement System (CalSTRS)
33
California State Teachers Retirement System (CalSTRS)
California
$3.03M -$304K -9,761 -10%
PP
34
Palladium Partners
Virginia
$3.01M -$21.2K -682 -0.8%
CS
35
Credit Suisse
Switzerland
$2.9M +$1.12M +35,988 +71%
AllianceBernstein
36
AllianceBernstein
Tennessee
$2.74M – – –
RhumbLine Advisers
37
RhumbLine Advisers
Massachusetts
$2.46M +$12.8K +410 +0.6%
AQR Capital Management
38
AQR Capital Management
Connecticut
$2.44M -$1.71M -54,837 -43%
Fuller & Thaler Asset Management
39
Fuller & Thaler Asset Management
California
$2.35M +$2.02M +64,800 +1,223%
New York State Common Retirement Fund
40
New York State Common Retirement Fund
New York
$2.09M – – –
Deutsche Bank
41
Deutsche Bank
Germany
$1.99M -$334K -10,725 -15%
State Board of Administration of Florida Retirement System
42
State Board of Administration of Florida Retirement System
Florida
$1.93M – – –
PPA
43
Parametric Portfolio Associates
Washington
$1.91M -$273K -8,776 -13%
WI
44
WBI Investments
New Jersey
$1.9M +$1.76M +56,639 New
LPL Financial
45
LPL Financial
California
$1.67M +$885K +28,439 +133%
SFM
46
Signature Financial Management
Virginia
$1.61M – – –
Bessemer Group
47
Bessemer Group
New Jersey
$1.61M -$121K -3,900 -8%
NFA
48
Nationwide Fund Advisors
Ohio
$1.41M -$19.1K -615 -1%
Russell Investments Group
49
Russell Investments Group
United Kingdom
$1.37M +$333K +10,697 +35%
DC
50
Davenport & Co
Virginia
$1.36M -$21.1K -678 -2%
1
2
3 4 5

TOWN Hedge Fund Activity: Q3 2017 in Review

111 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q3 2017, worth a combined $941M — up 14% from $825M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new TOWN positions and 6 closed out — a net gain of 3 holders — while 42 added to existing stakes and 31 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $17.3M. The largest seller was Principal Financial Group, cutting an estimated $4.01M.

  • 111 institutional investors held Towne Bank (TOWN) as of Q3 2017, up from 109 in Q2 2017.
  • Funds reported $941M of Towne Bank stock for Q3 2017, up 14% quarter-over-quarter.
  • 9 funds opened new Towne Bank positions in Q3 2017 and 6 closed out, a net change of +3 holders.
  • The largest Towne Bank buyer in Q3 2017 was Goldman Sachs, an estimated $17.3M added.
  • The largest Towne Bank seller in Q3 2017 was Principal Financial Group, an estimated $4.01M sold.

Based on aggregated 13F filings for Q3 2017.