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Towne Bank
TOWN

134 hedge funds and large institutions have $634M invested in Towne Bank in 2020 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 53 increasing their positions, 28 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

152% more call options, than puts

Call options by funds: $1.05M | Put options by funds: $416K

89% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 28

0.41% more ownership

Funds ownership: 47.85% → 48.25% (+0.41%)

5% less funds holding

Funds holding: 141 → 134 (-7)

24% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 21

34% less capital invested

Capital invested by funds: $959M → $634M (-$325M)

Holders
134
Holders Change
-7
Holders Change %
-4.96%
% of All Funds
2.95%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
16
Increased
53
Reduced
28
Closed
21
Calls
$1.05M
Puts
$416K
Net Calls
+$634K
Net Calls Change
-$728K

Top Buyers

Rank Fund Capital Flow
1
NI
Nuance Investments
Missouri
+$7.34M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$3.82M
3
BlackRock
BlackRock
New York
+$3.47M
4
MAM
Martingale Asset Management
Massachusetts
+$2.83M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$2.64M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$15.2M
2
First Trust Advisors
First Trust Advisors
Illinois
-$2.43M
3
Morgan Stanley
Morgan Stanley
New York
-$1.51M
4
Truist Financial
Truist Financial
North Carolina
-$1.37M
5
Goldman Sachs
Goldman Sachs
New York
-$1.32M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
$2.38M -$1.51M -61,402 -32%
BSW
27
Buckingham Strategic Wealth
Missouri
$2.24M -$468 -19 -0%
RJFSA
28
Raymond James Financial Services Advisors
Florida
$2.24M -$63.6K -2,584 -2%
RhumbLine Advisers
29
RhumbLine Advisers
Massachusetts
$2.17M +$204K +8,305 +7%
PP
30
Palladium Partners
Virginia
$2.09M +$27K +1,099 +1%
MAM
31
Martingale Asset Management
Massachusetts
$2.08M +$2.83M +115,008 New
New York State Common Retirement Fund
32
New York State Common Retirement Fund
New York
$1.93M – – –
AllianceBernstein
33
AllianceBernstein
Tennessee
$1.85M +$130K +5,267 +5%
California State Teachers Retirement System (CalSTRS)
34
California State Teachers Retirement System (CalSTRS)
California
$1.83M -$12.4K -502 -0.5%
RHCA
35
Rosenthal Henry Capital Advisors
Indiana
$1.81M – – –
JP Morgan Chase
36
JP Morgan Chase
New York
$1.75M +$1.53M +62,131 +181%
Invesco
37
Invesco
Georgia
$1.58M +$80.9K +3,289 +4%
RJA
38
Raymond James & Associates
Florida
$1.52M +$143K +5,825 +7%
DA
39
Denali Advisors
California
$1.44M – – –
First Trust Advisors
40
First Trust Advisors
Illinois
$1.42M -$2.43M -98,713 -56%
HSBC Holdings
41
HSBC Holdings
United Kingdom
$1.36M +$985K +40,036 +114%
UBS AM
42
UBS AM
Illinois
$1.24M -$60.2K -2,445 -3%
Hotchkis & Wiley Capital Management
43
Hotchkis & Wiley Capital Management
California
$1.22M +$118K +4,800 +8%
DC
44
Davenport & Co
Virginia
$1.2M -$25.2K -1,022 -2%
CS
45
Credit Suisse
Switzerland
$1.2M -$145K -5,883 -8%
State Board of Administration of Florida Retirement System
46
State Board of Administration of Florida Retirement System
Florida
$1.13M – – –
UBS Group
47
UBS Group
Switzerland
$1.02M -$1.04M -42,450 -43%
Royal Bank of Canada
48
Royal Bank of Canada
Ontario, Canada
$991K -$183K -7,435 -12%
WGA
49
Weather Gauge Advisory
Virginia
$935K +$3.99K +162 +0.3%
Brown Advisory
50
Brown Advisory
Maryland
$932K +$566 +23 +0%
1
2
3 4 5

TOWN Hedge Fund Activity: Q1 2020 in Review

134 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q1 2020, worth a combined $634M — down 34% from $959M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of TOWN and 16 opened new positions — a net loss of 5 holders — while 28 trimmed existing stakes and 53 added.

The largest buyer was Nuance Investments, opening a new position worth an estimated $7.34M. The largest seller was Millennium Management, exiting entirely with an estimated $15.2M sold.

  • 134 institutional investors held Towne Bank (TOWN) as of Q1 2020, down from 141 in Q4 2019.
  • Funds reported $634M of Towne Bank stock for Q1 2020, down 34% quarter-over-quarter.
  • 16 funds opened new Towne Bank positions in Q1 2020 and 21 closed out, a net change of -5 holders.
  • The largest Towne Bank buyer in Q1 2020 was Nuance Investments, an estimated $7.34M added.
  • The largest Towne Bank seller in Q1 2020 was Millennium Management, an estimated $15.2M sold.

Based on aggregated 13F filings for Q1 2020.