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Towne Bank
TOWN

141 hedge funds and large institutions have $880M invested in Towne Bank in 2018 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 63 increasing their positions, 27 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 27

81% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 16

9% more funds holding

Funds holding: 129 → 141 (+12)

2% more capital invested

Capital invested by funds: $865M → $880M (+$15.5M)

2.18% less ownership

Funds ownership: 44.9% → 42.72% (-2.2%)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $416K

Holders
141
Holders Change
+12
Holders Change %
+9.3%
% of All Funds
3.23%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
29
Increased
63
Reduced
27
Closed
16
Calls
–
Puts
$416K
Net Calls
-$416K
Net Calls Change
-$721K

Top Buyers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
+$22.4M
2
Goldman Sachs
Goldman Sachs
New York
+$12.5M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$11.3M
4
ECA
Endeavour Capital Advisors
Connecticut
+$10.1M
5
BlackRock
BlackRock
New York
+$9.81M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$37.2M
2
Bank of New York Mellon
Bank of New York Mellon
New York
-$6.61M
3
Wellington Management Group
Wellington Management Group
Massachusetts
-$5.49M
4
Deutsche Bank
Deutsche Bank
Germany
-$1.19M
5
MWNA
Marshall Wace North America
New York
-$1.08M
Name Holding Trade Value Shares
Change 		Change in
Stake
BTS
26
BB&T Securities
Virginia
$4.38M +$3.56M +118,345 +341%
Wells Fargo
27
Wells Fargo
California
$4.11M +$558K +18,555 +15%
JAM
28
Jupiter Asset Management
United Kingdom
$3.76M +$879K +29,235 +29%
MCA
29
Mendon Capital Advisors
Florida
$3.6M +$3.79M +126,000 New
AllianceBernstein
30
AllianceBernstein
Tennessee
$3.42M +$1.13M +37,735 +46%
California Public Employees Retirement System
31
California Public Employees Retirement System
California
$3.41M +$338K +11,251 +10%
TA
32
Teachers Advisors
New York
$3.29M +$226K +7,514 +7%
Swiss National Bank
33
Swiss National Bank
Switzerland
$3.27M +$400K +13,300 +13%
First Trust Advisors
34
First Trust Advisors
Illinois
$3.17M -$470K -15,639 -12%
RHCA
35
Rosenthal Henry Capital Advisors
Indiana
$3.15M +$301K +10,000 +10%
Deutsche Bank
36
Deutsche Bank
Germany
$2.96M -$1.19M -39,677 -28%
BSW
37
Buckingham Strategic Wealth
Missouri
$2.79M +$2.93M +97,396 New
California State Teachers Retirement System (CalSTRS)
38
California State Teachers Retirement System (CalSTRS)
California
$2.78M +$241K +8,031 +9%
Millennium Management
39
Millennium Management
New York
$2.48M +$2M +66,672 +330%
PP
40
Palladium Partners
Virginia
$2.27M -$354K -11,769 -13%
AF
41
Aldebaran Financial
$2.27M +$2.11M +70,116 +766%
CS
42
Credit Suisse
Switzerland
$2.13M -$211K -7,025 -9%
New York State Common Retirement Fund
43
New York State Common Retirement Fund
New York
$2.01M +$233K +7,762 +12%
IA
44
IndexIQ Advisors
New York
$2M +$2.1M +69,957 New
RhumbLine Advisers
45
RhumbLine Advisers
Massachusetts
$1.95M +$143K +4,753 +7%
Two Sigma Investments
46
Two Sigma Investments
New York
$1.93M +$1.28M +42,492 +170%
Russell Investments Group
47
Russell Investments Group
United Kingdom
$1.88M +$452K +15,029 +30%
SFM
48
Signature Financial Management
Virginia
$1.85M +$495K +16,457 +34%
PPA
49
Parametric Portfolio Associates
Washington
$1.8M +$30.5K +1,014 +2%
State Board of Administration of Florida Retirement System
50
State Board of Administration of Florida Retirement System
Florida
$1.65M – – –
1
2
3 4 5

TOWN Hedge Fund Activity: Q1 2018 in Review

141 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q1 2018, worth a combined $880M — up 1.8% from $865M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new TOWN positions and 16 closed out — a net gain of 13 holders — while 63 added to existing stakes and 27 trimmed.

The largest buyer was Vanguard Group, adding an estimated $22.4M. The largest seller was Fidelity Investments, exiting entirely with an estimated $37.2M sold.

  • 141 institutional investors held Towne Bank (TOWN) as of Q1 2018, up from 129 in Q4 2017.
  • Funds reported $880M of Towne Bank stock for Q1 2018, up 1.8% quarter-over-quarter.
  • 29 funds opened new Towne Bank positions in Q1 2018 and 16 closed out, a net change of +13 holders.
  • The largest Towne Bank buyer in Q1 2018 was Vanguard Group, an estimated $22.4M added.
  • The largest Towne Bank seller in Q1 2018 was Fidelity Investments, an estimated $37.2M sold.

Based on aggregated 13F filings for Q1 2018.