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Towne Bank
TOWN

79 hedge funds and large institutions have $116M invested in Towne Bank in 2014 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 29 increasing their positions, 19 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

53% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 19

18% more capital invested

Capital invested by funds: $98.5M → $116M (+$17.8M)

1% more funds holding

Funds holding: 78 → 79 (+1)

Holders
79
Holders Change
+1
Holders Change %
+1.28%
% of All Funds
2.11%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
29
Reduced
19
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FP
Foundry Partners
Minnesota
+$1.87M
2
BFA
BlackRock Fund Advisors
California
+$1.59M
3
BCA
Benchmark Capital Advisors
New York
+$1.12M
4
California Public Employees Retirement System
California Public Employees Retirement System
California
+$1.05M
5
LSV Asset Management
LSV Asset Management
Illinois
+$854K

Top Sellers

Rank Fund Capital Flow
1
NI
Nuance Investments
Missouri
-$759K
2
Millennium Management
Millennium Management
New York
-$219K
3
Stifel Financial
Stifel Financial
Missouri
-$187K
4
ProShare Advisors
ProShare Advisors
Maryland
-$158K
5
BTS
BB&T Securities
Virginia
-$153K
Name Holding Trade Value Shares
Change 		Change in
Stake
VOYA Investment Management
51
VOYA Investment Management
Georgia
$258K – – –
BA
52
BlackRock Advisors
Delaware
$253K -$11.1K -755 -4%
Citigroup
53
Citigroup
New York
$251K +$152K +10,284 +162%
SFM
54
Signature Financial Management
Virginia
$196K – – –
Bank of America
55
Bank of America
North Carolina
$192K -$4.75K -322 -2%
BGIM
56
Brandywine Global Investment Management
Pennsylvania
$168K – – –
CCM
57
Coe Capital Management
Illinois
$162K – – –
BG
58
BlackRock Group
United Kingdom
$131K +$20.3K +1,380 +19%
SEIA
59
Signature Estate & Investment Advisors
California
$126K – – –
Axa
60
Axa
France
$121K – – –
Public Employees Retirement Association of Colorado
61
Public Employees Retirement Association of Colorado
Colorado
$121K – – –
Canada Life
62
Canada Life
Manitoba, Canada
$110K – – –
UBS Group
63
UBS Group
Switzerland
$109K +$106K +7,164 New
Wells Fargo
64
Wells Fargo
California
$94K +$162 +11 +0.2%
Bank of Montreal
65
Bank of Montreal
Ontario, Canada
$93K +$2.99K +203 +3%
MFS
66
MSI Financial Services
Massachusetts
$76K – – –
LWCFA
67
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$65K – – –
Legal & General Group
68
Legal & General Group
United Kingdom
$62K – – –
OC
69
Oakworth Capital
Alabama
$54K – – –
Barclays
70
Barclays
United Kingdom
$36K +$16.6K +1,124 +88%
TDC
71
Thompson Davis & Co
Virginia
$18K +$17.7K +1,200 New
BlackRock
72
BlackRock
New York
$16K – – –
Teacher Retirement System of Texas
73
Teacher Retirement System of Texas
Texas
$14K -$2.88K -195 -17%
Fifth Third Bancorp
74
Fifth Third Bancorp
Ohio
$14K +$13.6K +925 New
DA
75
Denali Advisors
California
$4K – – –
1 2
3
4

TOWN Hedge Fund Activity: Q4 2014 in Review

79 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q4 2014, worth a combined $116M — up 18% from $98.5M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new TOWN positions and 5 closed out — a net gain of 3 holders — while 29 added to existing stakes and 19 trimmed.

The largest buyer was Foundry Partners, opening a new position worth an estimated $1.87M. The largest seller was Nuance Investments, cutting an estimated $759K.

  • 79 institutional investors held Towne Bank (TOWN) as of Q4 2014, up from 78 in Q3 2014.
  • Funds reported $116M of Towne Bank stock for Q4 2014, up 18% quarter-over-quarter.
  • 8 funds opened new Towne Bank positions in Q4 2014 and 5 closed out, a net change of +3 holders.
  • The largest Towne Bank buyer in Q4 2014 was Foundry Partners, an estimated $1.87M added.
  • The largest Towne Bank seller in Q4 2014 was Nuance Investments, an estimated $759K sold.

Based on aggregated 13F filings for Q4 2014.