Towne Bank
TOWN
127 hedge funds and large institutions have $541M invested in Towne Bank in 2016 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 47 increasing their positions, 44 reducing their positions, and 18 closing their positions.
18% more capital invested
Capital invested by funds: $459M → $541M (+$82M)
7% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 44
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less funds holding
Funds holding: 133 → 127 (-6)
33% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$16.7M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$14.8M |
| 3 |
Principal Financial Group
Des Moines,
Iowa
|
+$5.1M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$5.05M |
| 5 |
State Street
Boston,
Massachusetts
|
+$3.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LBS
Lawrence B. Seidman
|
-$6.93M |
| 2 |
Renaissance Technologies
New York
|
-$2.39M |
| 3 |
MFP
Michael F. Price
|
-$2.32M |
| 4 |
MCM
Maltese Capital Management
New York
|
-$2.18M |
| 5 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
-$2.17M |
TOWN Hedge Fund Activity: Q3 2016 in Review
127 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q3 2016, worth a combined $541M — up 18% from $459M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of TOWN and 12 opened new positions — a net loss of 6 holders — while 44 trimmed existing stakes and 47 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $16.7M. The largest seller was Lawrence B. Seidman, cutting an estimated $6.93M.
- 127 institutional investors held Towne Bank (TOWN) as of Q3 2016, down from 133 in Q2 2016.
- Funds reported $541M of Towne Bank stock for Q3 2016, up 18% quarter-over-quarter.
- 12 funds opened new Towne Bank positions in Q3 2016 and 18 closed out, a net change of -6 holders.
- The largest Towne Bank buyer in Q3 2016 was T. Rowe Price Associates, an estimated $16.7M added.
- The largest Towne Bank seller in Q3 2016 was Lawrence B. Seidman, an estimated $6.93M sold.
Based on aggregated 13F filings for Q3 2016.