Towne Bank
TOWN
63 hedge funds and large institutions have $96.8M invested in Towne Bank in 2013 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 24 increasing their positions, 20 reducing their positions, and 9 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 20
13% more capital invested
Capital invested by funds: $85.4M → $96.8M (+$11.4M)
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
2% more funds holding
Funds holding: 62 → 63 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.89M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$747K |
| 3 |
NI
Nuance Investments
Kansas City,
Missouri
|
+$662K |
| 4 |
Bank of New York Mellon
New York
|
+$602K |
| 5 |
Goldman Sachs
New York
|
+$334K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$477K |
| 2 |
JP Morgan Chase
New York
|
-$376K |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$375K |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$338K |
| 5 |
ProShare Advisors
Bethesda,
Maryland
|
-$241K |
TOWN Hedge Fund Activity: Q4 2013 in Review
63 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q4 2013, worth a combined $96.8M — up 13% from $85.4M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new TOWN positions and 9 closed out — a net gain of 1 holder — while 24 added to existing stakes and 20 trimmed.
The largest buyer was Ameriprise, adding an estimated $1.89M. The largest seller was Renaissance Technologies, exiting entirely with an estimated $477K sold.
- 63 institutional investors held Towne Bank (TOWN) as of Q4 2013, up from 62 in Q3 2013.
- Funds reported $96.8M of Towne Bank stock for Q4 2013, up 13% quarter-over-quarter.
- 10 funds opened new Towne Bank positions in Q4 2013 and 9 closed out, a net change of +1 holder.
- The largest Towne Bank buyer in Q4 2013 was Ameriprise, an estimated $1.89M added.
- The largest Towne Bank seller in Q4 2013 was Renaissance Technologies, an estimated $477K sold.
Based on aggregated 13F filings for Q4 2013.