Towne Bank
TOWN
69 hedge funds and large institutions have $102M invested in Towne Bank in 2014 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 26 increasing their positions, 18 reducing their positions, and 3 closing their positions.
200% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 3
44% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 18
10% more funds holding
Funds holding: 63 → 69 (+6)
5% more capital invested
Capital invested by funds: $96.8M → $102M (+$4.93M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.22M |
| 2 |
NI
Nuance Investments
Kansas City,
Missouri
|
+$887K |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$550K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$443K |
| 5 |
ProShare Advisors
Bethesda,
Maryland
|
+$405K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
-$372K |
| 2 |
Two Sigma Investments
New York
|
-$312K |
| 3 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
-$233K |
| 4 |
California Public Employees Retirement System
Sacramento,
California
|
-$228K |
| 5 |
JP Morgan Chase
New York
|
-$205K |
TOWN Hedge Fund Activity: Q1 2014 in Review
69 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q1 2014, worth a combined $102M — up 5.1% from $96.8M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new TOWN positions and 3 closed out — a net gain of 6 holders — while 26 added to existing stakes and 18 trimmed.
The largest buyer was Ameriprise, adding an estimated $1.22M. The largest seller was Northern Trust, cutting an estimated $372K.
- 69 institutional investors held Towne Bank (TOWN) as of Q1 2014, up from 63 in Q4 2013.
- Funds reported $102M of Towne Bank stock for Q1 2014, up 5.1% quarter-over-quarter.
- 9 funds opened new Towne Bank positions in Q1 2014 and 3 closed out, a net change of +6 holders.
- The largest Towne Bank buyer in Q1 2014 was Ameriprise, an estimated $1.22M added.
- The largest Towne Bank seller in Q1 2014 was Northern Trust, an estimated $372K sold.
Based on aggregated 13F filings for Q1 2014.