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Towne Bank
TOWN

111 hedge funds and large institutions have $941M invested in Towne Bank in 2017 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 42 increasing their positions, 31 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

177% more call options, than puts

Call options by funds: $948K | Put options by funds: $342K

50% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 6

35% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 31

14% more capital invested

Capital invested by funds: $825M → $941M (+$116M)

2.07% more ownership

Funds ownership: 42.82% → 44.89% (+2.1%)

2% more funds holding

Funds holding: 109 → 111 (+2)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
111
Holders Change
+2
Holders Change %
+1.83%
% of All Funds
2.77%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
9
Increased
42
Reduced
31
Closed
6
Calls
$948K
Puts
$342K
Net Calls
+$606K
Net Calls Change
+$1.17M

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$17.3M
2
CIP
Chartwell Investment Partners
Pennsylvania
+$9.5M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$3.81M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$3.79M
5
Bank of America
Bank of America
North Carolina
+$3.48M

Top Sellers

1
Principal Financial Group
Principal Financial Group
Iowa
-$4.01M
2
AQR Capital Management
AQR Capital Management
Connecticut
-$1.71M
3
First Trust Advisors
First Trust Advisors
Illinois
-$1.11M
4
VRS
Virginia Retirement Systems
Virginia
-$1.07M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$737K
Name Holding Trade Value Shares
Change 		Change in
Stake
MLICM
51
Metropolitan Life Insurance Company (MetLife)
New York
$1.32M – – –
JP Morgan Chase
52
JP Morgan Chase
New York
$1.3M -$37.3K -1,200 -3%
RJA
53
Raymond James & Associates
Florida
$1.28M +$243K +7,810 +26%
AIG
54
American International Group
New York
$1.27M +$88.2K +2,836 +8%
TD Asset Management
55
TD Asset Management
Ontario, Canada
$1.25M +$28K +900 +2%
Invesco
56
Invesco
Georgia
$1.23M -$678K -21,796 -37%
BTS
57
BB&T Securities
Virginia
$1.2M -$168K -5,397 -13%
UBS AM
58
UBS AM
Illinois
$1.02M +$59.2K +1,902 +7%
Legal & General Group
59
Legal & General Group
United Kingdom
$1M +$333K +10,716 +56%
VOYA Investment Management
60
VOYA Investment Management
Georgia
$921K – – –
Allianz Asset Management
61
Allianz Asset Management
Germany
$874K +$73.5K +2,362 +10%
SBIA
62
Sheaff Brock Investment Advisors
Indiana
$787K -$46.7K -1,500 -6%
Principal Financial Group
63
Principal Financial Group
Iowa
$712K -$4.01M -129,036 -86%
LCOV
64
London Company of Virginia
Virginia
$548K – – –
SM
65
Salzhauer Michael
$507K – – –
US Bancorp
66
US Bancorp
Minnesota
$491K +$299K +9,608 +190%
JMPWA
67
JP Morgan Private Wealth Advisors
California
$479K – – –
UBS Group
68
UBS Group
Switzerland
$449K +$162K +5,203 +63%
SWP
69
Stratos Wealth Partners
Ohio
$417K +$280 +9 +0.1%
B
70
Barings
North Carolina
$402K – – –
Public Employees Retirement Association of Colorado
71
Public Employees Retirement Association of Colorado
Colorado
$391K – – –
GI
72
GAMCO Investors
Connecticut
$369K – – –
AIM
73
Anchor Investment Management
South Carolina
$344K +$22.9K +735 +8%
DCM
74
Dupont Capital Management
Delaware
$337K – – –
IAA
75
Independent Advisor Alliance
North Carolina
$321K -$15.6K -500 -5%
1 2
3
4 5

TOWN Hedge Fund Activity: Q3 2017 in Review

111 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q3 2017, worth a combined $941M — up 14% from $825M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new TOWN positions and 6 closed out — a net gain of 3 holders — while 42 added to existing stakes and 31 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $17.3M. The largest seller was Principal Financial Group, cutting an estimated $4.01M.

  • 111 institutional investors held Towne Bank (TOWN) as of Q3 2017, up from 109 in Q2 2017.
  • Funds reported $941M of Towne Bank stock for Q3 2017, up 14% quarter-over-quarter.
  • 9 funds opened new Towne Bank positions in Q3 2017 and 6 closed out, a net change of +3 holders.
  • The largest Towne Bank buyer in Q3 2017 was Goldman Sachs, an estimated $17.3M added.
  • The largest Towne Bank seller in Q3 2017 was Principal Financial Group, an estimated $4.01M sold.

Based on aggregated 13F filings for Q3 2017.