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Towne Bank

184 hedge funds and large institutions have $928M invested in Towne Bank in 2023 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 63 increasing their positions, 62 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 62

0.36% less ownership

Funds ownership: 55.3%54.94% (-0.36%)

5% less funds holding

Funds holding: 194184 (-10)

13% less capital invested

Capital invested by funds: $1.07B → $928M (-$142M)

36% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 28

66% less call options, than puts

Call options by funds: $213K | Put options by funds: $620K

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
184
Holders Change
-10
Holders Change %
-5.15%
% of All Funds
2.89%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
18
Increased
63
Reduced
62
Closed
28
Calls
$213K
Puts
$620K
Net Calls
-$407K
Net Calls Change
-$490K
Name Holding Trade Value Shares
Change
Change in
Stake
Legal & General Group
51
Legal & General Group
United Kingdom
$1.67M +$275K +11,459 +19%
Arrowstreet Capital
52
Arrowstreet Capital
Massachusetts
$1.66M +$775K +32,249 +82%
Wells Fargo
53
Wells Fargo
California
$1.53M +$261K +10,856 +20%
RHCA
54
Rosenthal Henry Capital Advisors
Indiana
$1.44M -$168K -7,000 -10%
T. Rowe Price Associates
55
T. Rowe Price Associates
Maryland
$1.36M +$24.4K +1,014 +2%
Citigroup
56
Citigroup
New York
$1.25M +$1.23M +51,265 +2,130%
Prudential Financial
57
Prudential Financial
New Jersey
$1.23M +$2.88K +120 +0.2%
Susquehanna International Group
58
Susquehanna International Group
Pennsylvania
$1.2M +$73.7K +3,067 +6%
UBS Group
59
UBS Group
Switzerland
$1.19M +$194K +8,079 +19%
PWM
60
PBMares Wealth Management
Virginia
$1.09M
ET
61
Equitable Trust
Tennessee
$1M
Rafferty Asset Management
62
Rafferty Asset Management
New York
$951K +$480K +19,952 +95%
Russell Investments Group
63
Russell Investments Group
United Kingdom
$925K +$10K +417 +1%
HAM
64
HoldCo Asset Management
Florida
$870K
MIM
65
MetLife Investment Management
New Jersey
$855K +$13.5K +561 +2%
GC
66
Guggenheim Capital
Illinois
$838K -$700K -29,118 -45%
LFAS
67
Level Four Advisory Services
Texas
$812K -$5.36K -223 -0.6%
AIG
68
American International Group
New York
$786K +$10.8K +448 +1%
LPL Financial
69
LPL Financial
California
$773K +$30.4K +1,266 +4%
Nisa Investment Advisors
70
Nisa Investment Advisors
Missouri
$763K +$24.1K +1,004 +3%
Janus Henderson Group
71
Janus Henderson Group
United Kingdom
$748K -$288 -12 -0%
Envestnet Asset Management
72
Envestnet Asset Management
Illinois
$738K -$33.9K -1,412 -4%
SM
73
Salzhauer Michael
$731K +$106K +4,400 +16%
Deutsche Bank
74
Deutsche Bank
Germany
$709K -$403K -16,773 -35%
Mirae Asset Global Investments
75
Mirae Asset Global Investments
South Korea
$704K

TOWN Hedge Fund Activity: Q2 2023 in Review

184 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q2 2023, worth a combined $928M — down 13% from $1.07B a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of TOWN and 18 opened new positions — a net loss of 10 holders — while 62 trimmed existing stakes and 63 added.

The largest buyer was T. Rowe Price Investment Management, adding an estimated $8.89M. The largest seller was Davenport & Co, cutting an estimated $10.3M.

  • 184 institutional investors held Towne Bank (TOWN) as of Q2 2023, down from 194 in Q1 2023.
  • Funds reported $928M of Towne Bank stock for Q2 2023, down 13% quarter-over-quarter.
  • 18 funds opened new Towne Bank positions in Q2 2023 and 28 closed out, a net change of -10 holders.
  • The largest Towne Bank buyer in Q2 2023 was T. Rowe Price Investment Management, an estimated $8.89M added.
  • The largest Towne Bank seller in Q2 2023 was Davenport & Co, an estimated $10.3M sold.

Based on aggregated 13F filings for Q2 2023.