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Towne Bank
TOWN

62 hedge funds and large institutions have $85.4M invested in Towne Bank in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 29 increasing their positions, 18 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

61% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 18

0% more capital invested

Capital invested by funds: $85.2M → $85.4M (+$192K)

2% less funds holding

Funds holding: 63 → 62 (-1)

20% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 5

Holders
62
Holders Change
-1
Holders Change %
-1.59%
% of All Funds
2.01%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
29
Reduced
18
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BFA
BlackRock Fund Advisors
California
+$1.18M
2
OPTFSNA
Old Point Trust & Financial Services N A
Virginia
+$555K
3
WSTAM
Wilbanks Smith & Thomas Asset Management
Virginia
+$401K
4
JP Morgan Chase
JP Morgan Chase
New York
+$371K
5
NI
Nuance Investments
Missouri
+$365K

Top Sellers

Rank Fund Capital Flow
1
First Trust Advisors
First Trust Advisors
Illinois
-$647K
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$518K
3
Bank of America
Bank of America
North Carolina
-$469K
4
RJFSA
Raymond James Financial Services Advisors
Florida
-$355K
5
BGIM
Brandywine Global Investment Management
Pennsylvania
-$264K
Name Holding Trade Value Shares
Change 		Change in
Stake
U
51
UBS
Switzerland
$43K +$31.8K +2,086 +251%
Ameriprise
52
Ameriprise
Minnesota
$30K – – –
PCM
53
Prelude Capital Management
New York
$28K +$29.8K +1,950 New
SSB
54
Sandy Spring Bank
Maryland
$19K – – –
BlackRock
55
BlackRock
New York
$16K -$9.29K -609 -36%
TRCT
56
Tower Research Capital (TRC)
New York
$15K +$15.5K +1,013 New
Public Employees Retirement Association of Colorado
57
Public Employees Retirement Association of Colorado
Colorado
$13K – – –
Royal Bank of Canada
58
Royal Bank of Canada
Ontario, Canada
$12K +$1.28K +84 +12%
Barclays
59
Barclays
United Kingdom
$4K -$9.1K -596 -70%
PNC Financial Services Group
60
PNC Financial Services Group
Pennsylvania
$4K – – –
US Bancorp
61
US Bancorp
Minnesota
$2K +$2.58K +169 New
Manulife (Manufacturers Life Insurance)
62
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$294 – – –
First Trust Advisors
63
First Trust Advisors
Illinois
– -$647K -43,934 Closed
Susquehanna International Group
64
Susquehanna International Group
Pennsylvania
– -$518K -35,198 Closed
RJFSA
65
Raymond James Financial Services Advisors
Florida
– -$355K -24,102 Closed
Two Sigma Investments
66
Two Sigma Investments
New York
– -$256K -17,374 Closed
CCM
67
Coe Capital Management
Illinois
– -$158K -10,743 Closed
1 2
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TOWN Hedge Fund Activity: Q3 2013 in Review

62 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q3 2013, worth a combined $85.4M — up 0.23% from $85.2M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of TOWN and 4 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 29 added.

The largest buyer was BlackRock Fund Advisors, adding an estimated $1.18M. The largest seller was First Trust Advisors, exiting entirely with an estimated $647K sold.

  • 62 institutional investors held Towne Bank (TOWN) as of Q3 2013, down from 63 in Q2 2013.
  • Funds reported $85.4M of Towne Bank stock for Q3 2013, up 0.23% quarter-over-quarter.
  • 4 funds opened new Towne Bank positions in Q3 2013 and 5 closed out, a net change of -1 holder.
  • The largest Towne Bank buyer in Q3 2013 was BlackRock Fund Advisors, an estimated $1.18M added.
  • The largest Towne Bank seller in Q3 2013 was First Trust Advisors, an estimated $647K sold.

Based on aggregated 13F filings for Q3 2013.