Towne Bank
TOWN
159 hedge funds and large institutions have $843M invested in Towne Bank in 2020 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 45 increasing their positions, 54 reducing their positions, and 15 closing their positions.
600% more call options, than puts
Call options by funds: $2.06M | Put options by funds: $294K
60% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 15
48% more capital invested
Capital invested by funds: $568M → $843M (+$275M)
6% more funds holding
Funds holding: 150 → 159 (+9)
1.55% more ownership
Funds ownership: 47.94% → 49.49% (+1.6%)
17% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 54
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
FJ Capital Management
Mclean,
Virginia
|
+$14.4M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$5.07M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.83M |
| 4 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$4.71M |
| 5 |
BlackRock
New York
|
+$4.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$13.2M |
| 2 |
Renaissance Technologies
New York
|
-$3.53M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$2.21M |
| 4 |
Goldman Sachs
New York
|
-$1.3M |
| 5 |
MI
M3F Inc
Salt Lake City,
Utah
|
-$1.26M |
TOWN Hedge Fund Activity: Q4 2020 in Review
159 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q4 2020, worth a combined $843M — up 48% from $568M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new TOWN positions and 15 closed out — a net gain of 9 holders — while 45 added to existing stakes and 54 trimmed.
The largest buyer was FJ Capital Management, opening a new position worth an estimated $14.4M. The largest seller was T. Rowe Price Associates, cutting an estimated $13.2M.
- 159 institutional investors held Towne Bank (TOWN) as of Q4 2020, up from 150 in Q3 2020.
- Funds reported $843M of Towne Bank stock for Q4 2020, up 48% quarter-over-quarter.
- 24 funds opened new Towne Bank positions in Q4 2020 and 15 closed out, a net change of +9 holders.
- The largest Towne Bank buyer in Q4 2020 was FJ Capital Management, an estimated $14.4M added.
- The largest Towne Bank seller in Q4 2020 was T. Rowe Price Associates, an estimated $13.2M sold.
Based on aggregated 13F filings for Q4 2020.