Towne Bank
TOWN
134 hedge funds and large institutions have $634M invested in Towne Bank in 2020 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 53 increasing their positions, 28 reducing their positions, and 21 closing their positions.
152% more call options, than puts
Call options by funds: $1.05M | Put options by funds: $416K
89% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 28
0.41% more ownership
Funds ownership: 47.85% → 48.25% (+0.41%)
5% less funds holding
Funds holding: 141 → 134 (-7)
24% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 21
34% less capital invested
Capital invested by funds: $959M → $634M (-$325M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Nuance Investments
Kansas City,
Missouri
|
+$7.34M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$3.82M |
| 3 |
BlackRock
New York
|
+$3.47M |
| 4 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
+$2.83M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$15.2M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$2.43M |
| 3 |
Morgan Stanley
New York
|
-$1.51M |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
-$1.37M |
| 5 |
Goldman Sachs
New York
|
-$1.32M |
TOWN Hedge Fund Activity: Q1 2020 in Review
134 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q1 2020, worth a combined $634M — down 34% from $959M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of TOWN and 16 opened new positions — a net loss of 5 holders — while 28 trimmed existing stakes and 53 added.
The largest buyer was Nuance Investments, opening a new position worth an estimated $7.34M. The largest seller was Millennium Management, exiting entirely with an estimated $15.2M sold.
- 134 institutional investors held Towne Bank (TOWN) as of Q1 2020, down from 141 in Q4 2019.
- Funds reported $634M of Towne Bank stock for Q1 2020, down 34% quarter-over-quarter.
- 16 funds opened new Towne Bank positions in Q1 2020 and 21 closed out, a net change of -5 holders.
- The largest Towne Bank buyer in Q1 2020 was Nuance Investments, an estimated $7.34M added.
- The largest Towne Bank seller in Q1 2020 was Millennium Management, an estimated $15.2M sold.
Based on aggregated 13F filings for Q1 2020.