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Towne Bank
TOWN

135 hedge funds and large institutions have $1B invested in Towne Bank in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 39 increasing their positions, 42 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,468% more call options, than puts

Call options by funds: $2.32M | Put options by funds: $148K

0.16% more ownership

Funds ownership: 44.98% → 45.14% (+0.16%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less capital invested

Capital invested by funds: $1.04B → $1B (-$37M)

7% less repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 42

4% less funds holding

Funds holding: 140 → 135 (-5)

36% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 14

Holders
135
Holders Change
-5
Holders Change %
-3.57%
% of All Funds
3.09%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
9
Increased
39
Reduced
42
Closed
14
Calls
$2.32M
Puts
$148K
Net Calls
+$2.17M
Net Calls Change
+$843K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$5.31M
2
Federated Hermes
Federated Hermes
Pennsylvania
+$5.18M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$4.82M
4
Goldman Sachs
Goldman Sachs
New York
+$1.76M
5
Geode Capital Management
Geode Capital Management
Massachusetts
+$1.6M

Top Sellers

Rank Fund Capital Flow
1
ECA
Endeavour Capital Advisors
Connecticut
-$3.37M
2
MCA
Mendon Capital Advisors
Florida
-$3.21M
3
MCM
Maltese Capital Management
New York
-$2.25M
4
Millennium Management
Millennium Management
New York
-$2.23M
5
Norges Bank
Norges Bank
Norway
-$1.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
26
Wells Fargo
California
$4.4M +$186K +5,757 +4%
TCIM
27
TIAA CREF Investment Management
New York
$4.16M -$378K -11,694 -8%
ACL
28
Azora Capital LP
Florida
$4.02M – – –
JAM
29
Jupiter Asset Management
United Kingdom
$4.01M +$87K +2,692 +2%
TA
30
Teachers Advisors
New York
$3.91M +$126K +3,903 +3%
BSW
31
Buckingham Strategic Wealth
Missouri
$3.88M -$27.1K -838 -0.7%
First Trust Advisors
32
First Trust Advisors
Illinois
$3.8M +$129K +3,992 +3%
California Public Employees Retirement System
33
California Public Employees Retirement System
California
$3.79M +$26.5K +821 +0.7%
ECA
34
Endeavour Capital Advisors
Connecticut
$3.65M -$3.37M -104,215 -47%
PP
35
Palladium Partners
Virginia
$3.54M -$56.9K -1,759 -2%
Swiss National Bank
36
Swiss National Bank
Switzerland
$3.53M – – –
BTS
37
BB&T Securities
Virginia
$3.42M -$100K -3,104 -3%
RHCA
38
Rosenthal Henry Capital Advisors
Indiana
$3.39M – – –
AllianceBernstein
39
AllianceBernstein
Tennessee
$3.38M -$206K -6,360 -5%
California State Teachers Retirement System (CalSTRS)
40
California State Teachers Retirement System (CalSTRS)
California
$3.11M -$194 -6 -0%
IA
41
IndexIQ Advisors
New York
$2.45M +$97.1K +3,002 +4%
New York State Common Retirement Fund
42
New York State Common Retirement Fund
New York
$2.26M – – –
ET
43
Equitable Trust
Tennessee
$2.24M – – –
RhumbLine Advisers
44
RhumbLine Advisers
Massachusetts
$2.2M +$4.85K +150 +0.2%
State Board of Administration of Florida Retirement System
45
State Board of Administration of Florida Retirement System
Florida
$1.93M +$161K +4,984 +9%
SCM
46
Sterling Capital Management
North Carolina
$1.79M +$911K +28,168 +95%
Invesco
47
Invesco
Georgia
$1.76M +$9.51K +294 +0.5%
OCG
48
Opus Capital Group
Ohio
$1.63M +$3.33K +103 +0.2%
PPA
49
Parametric Portfolio Associates
Washington
$1.58M +$41.4K +1,281 +3%
SFM
50
Signature Financial Management
Virginia
$1.55M -$286K -8,840 -15%
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TOWN Hedge Fund Activity: Q3 2018 in Review

135 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q3 2018, worth a combined $1B — down 3.6% from $1.04B a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of TOWN and 9 opened new positions — a net loss of 5 holders — while 42 trimmed existing stakes and 39 added.

The largest buyer was BlackRock, adding an estimated $5.31M. The largest seller was Endeavour Capital Advisors, cutting an estimated $3.37M.

  • 135 institutional investors held Towne Bank (TOWN) as of Q3 2018, down from 140 in Q2 2018.
  • Funds reported $1B of Towne Bank stock for Q3 2018, down 3.6% quarter-over-quarter.
  • 9 funds opened new Towne Bank positions in Q3 2018 and 14 closed out, a net change of -5 holders.
  • The largest Towne Bank buyer in Q3 2018 was BlackRock, an estimated $5.31M added.
  • The largest Towne Bank seller in Q3 2018 was Endeavour Capital Advisors, an estimated $3.37M sold.

Based on aggregated 13F filings for Q3 2018.