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Towne Bank
TOWN

78 hedge funds and large institutions have $98.5M invested in Towne Bank in 2014 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 29 increasing their positions, 21 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 4

38% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 21

10% more funds holding

Funds holding: 71 → 78 (+7)

6% less capital invested

Capital invested by funds: $105M → $98.5M (-$6.54M)

Holders
78
Holders Change
+7
Holders Change %
+9.86%
% of All Funds
2.26%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
29
Reduced
21
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$2.67M
2
LNC
Lincoln National Corp
Pennsylvania
+$860K
3
CIC
Cornercap Investment Counsel
Georgia
+$764K
4
MAM
Martingale Asset Management
Massachusetts
+$546K
5
Vanguard Group
Vanguard Group
Pennsylvania
+$535K

Top Sellers

Rank Fund Capital Flow
1
NI
Nuance Investments
Missouri
-$750K
2
BFA
BlackRock Fund Advisors
California
-$476K
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$320K
4
CS
Credit Suisse
Switzerland
-$206K
5
AIU
Algebris Investments (UK)
United Kingdom
-$196K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
51
Bank of America
North Carolina
$177K +$4.74K +320 +3%
ProShare Advisors
52
ProShare Advisors
Maryland
$158K -$38.8K -2,619 -18%
BGIM
53
Brandywine Global Investment Management
Pennsylvania
$151K -$1.63K -110 -1%
Deutsche Bank
54
Deutsche Bank
Germany
$149K +$12.1K +819 +8%
CCM
55
Coe Capital Management
Illinois
$146K – – –
SEIA
56
Signature Estate & Investment Advisors
California
$113K +$123K +8,317 New
Axa
57
Axa
France
$109K – – –
Public Employees Retirement Association of Colorado
58
Public Employees Retirement Association of Colorado
Colorado
$109K – – –
BG
59
BlackRock Group
United Kingdom
$99K -$5.83K -394 -5%
Canada Life
60
Canada Life
Manitoba, Canada
$99K +$108K +7,300 New
Citigroup
61
Citigroup
New York
$87K -$19.9K -1,344 -17%
Wells Fargo
62
Wells Fargo
California
$84K -$51K -3,446 -36%
Bank of Montreal
63
Bank of Montreal
Ontario, Canada
$81K -$11.1K -752 -11%
MFS
64
MSI Financial Services
Massachusetts
$68K – – –
LWCFA
65
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$59K – – –
Legal & General Group
66
Legal & General Group
United Kingdom
$55K +$59.2K +3,995 New
OC
67
Oakworth Capital
Alabama
$52K – – –
U
68
UBS
Switzerland
$51K -$9.27K -626 -14%
TRCT
69
Tower Research Capital (TRC)
New York
$33K -$54.6K -3,685 -61%
BNP Paribas Financial Markets
70
BNP Paribas Financial Markets
France
$25.7K +$25.7K +1,738 +1,136%
Barclays
71
Barclays
United Kingdom
$17K +$10.1K +682 +115%
Teacher Retirement System of Texas
72
Teacher Retirement System of Texas
Texas
$15K -$207 -14 -1%
BlackRock
73
BlackRock
New York
$15K – – –
DA
74
Denali Advisors
California
$4K – – –
US Bancorp
75
US Bancorp
Minnesota
$2K – – –
1 2
3
4

TOWN Hedge Fund Activity: Q3 2014 in Review

78 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q3 2014, worth a combined $98.5M — down 6.2% from $105M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new TOWN positions and 4 closed out — a net gain of 7 holders — while 29 added to existing stakes and 21 trimmed.

The largest buyer was Ameriprise, adding an estimated $2.67M. The largest seller was Nuance Investments, cutting an estimated $750K.

  • 78 institutional investors held Towne Bank (TOWN) as of Q3 2014, up from 71 in Q2 2014.
  • Funds reported $98.5M of Towne Bank stock for Q3 2014, down 6.2% quarter-over-quarter.
  • 11 funds opened new Towne Bank positions in Q3 2014 and 4 closed out, a net change of +7 holders.
  • The largest Towne Bank buyer in Q3 2014 was Ameriprise, an estimated $2.67M added.
  • The largest Towne Bank seller in Q3 2014 was Nuance Investments, an estimated $750K sold.

Based on aggregated 13F filings for Q3 2014.