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Towne Bank
TOWN

150 hedge funds and large institutions have $568M invested in Towne Bank in 2020 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 40 increasing their positions, 49 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

65% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 17

23% more call options, than puts

Call options by funds: $660K | Put options by funds: $538K

8% more funds holding

Funds holding: 139 → 150 (+11)

0.39% less ownership

Funds ownership: 48.33% → 47.94% (-0.39%)

14% less capital invested

Capital invested by funds: $661M → $568M (-$93M)

18% less repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 49

Holders
150
Holders Change
+11
Holders Change %
+7.91%
% of All Funds
3.03%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
28
Increased
40
Reduced
49
Closed
17
Calls
$660K
Puts
$538K
Net Calls
+$122K
Net Calls Change
-$1.35M

Top Buyers

Rank Fund Capital Flow
1
American Century Companies
American Century Companies
Missouri
+$4.8M
2
CSPIA
Cary Street Partners Investment Advisory
Virginia
+$4.72M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$2.81M
4
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
+$1.79M
5
NI
Nuance Investments
Missouri
+$1.46M

Top Sellers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$10.9M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$6.32M
3
BlackRock
BlackRock
New York
-$6.04M
4
Renaissance Technologies
Renaissance Technologies
New York
-$1.51M
5
State Street
State Street
Massachusetts
-$1.35M
Name Holding Trade Value Shares
Change 		Change in
Stake
DA
26
Denali Advisors
California
$2.64M +$548K +30,800 +24%
Arrowstreet Capital
27
Arrowstreet Capital
Massachusetts
$2.59M +$2.81M +158,195 New
California Public Employees Retirement System
28
California Public Employees Retirement System
California
$2.54M +$72.9K +4,100 +3%
RJFSA
29
Raymond James Financial Services Advisors
Florida
$2.27M -$57.2K -3,217 -2%
AllianceBernstein
30
AllianceBernstein
Tennessee
$2.07M +$287K +16,168 +15%
BSW
31
Buckingham Strategic Wealth
Missouri
$2.06M +$591K +33,232 +36%
New York State Common Retirement Fund
32
New York State Common Retirement Fund
New York
$1.95M +$144K +8,100 +7%
PP
33
Palladium Partners
Virginia
$1.89M +$39.1K +2,200 +2%
Citadel Advisors
34
Citadel Advisors
Florida
$1.75M +$1.23M +68,940 +181%
RhumbLine Advisers
35
RhumbLine Advisers
Massachusetts
$1.74M -$278K -15,623 -13%
California State Teachers Retirement System (CalSTRS)
36
California State Teachers Retirement System (CalSTRS)
California
$1.66M – – –
Grantham, Mayo, Van Otterloo & Co (GMO)
37
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$1.65M +$1.79M +100,500 New
RHCA
38
Rosenthal Henry Capital Advisors
Indiana
$1.64M – – –
PPA
39
Parametric Portfolio Associates
Washington
$1.53M +$417K +23,440 +34%
First Trust Advisors
40
First Trust Advisors
Illinois
$1.52M +$644K +36,251 +65%
Barclays
41
Barclays
United Kingdom
$1.28M -$82.8K -4,660 -6%
MI
42
M3F Inc
Utah
$1.26M +$1.37M +77,051 New
SEI Investments
43
SEI Investments
Pennsylvania
$1.24M +$847K +47,647 +172%
Invesco
44
Invesco
Georgia
$1.22M -$37.6K -2,117 -3%
RJA
45
Raymond James & Associates
Florida
$1.2M -$347K -19,500 -21%
MAM
46
Martingale Asset Management
Massachusetts
$1.17M -$752K -42,300 -37%
CS
47
Credit Suisse
Switzerland
$1.15M -$84.9K -4,773 -6%
HSBC Holdings
48
HSBC Holdings
United Kingdom
$1.08M +$11.8K +666 +1%
State Board of Administration of Florida Retirement System
49
State Board of Administration of Florida Retirement System
Florida
$1.03M – – –
TRCT
50
Tower Research Capital (TRC)
New York
$966K +$885K +49,783 +546%
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TOWN Hedge Fund Activity: Q3 2020 in Review

150 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q3 2020, worth a combined $568M — down 14% from $661M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new TOWN positions and 17 closed out — a net gain of 11 holders — while 40 added to existing stakes and 49 trimmed.

The largest buyer was American Century Companies, adding an estimated $4.8M. The largest seller was T. Rowe Price Associates, cutting an estimated $10.9M.

  • 150 institutional investors held Towne Bank (TOWN) as of Q3 2020, up from 139 in Q2 2020.
  • Funds reported $568M of Towne Bank stock for Q3 2020, down 14% quarter-over-quarter.
  • 28 funds opened new Towne Bank positions in Q3 2020 and 17 closed out, a net change of +11 holders.
  • The largest Towne Bank buyer in Q3 2020 was American Century Companies, an estimated $4.8M added.
  • The largest Towne Bank seller in Q3 2020 was T. Rowe Price Associates, an estimated $10.9M sold.

Based on aggregated 13F filings for Q3 2020.