Towne Bank
TOWN
78 hedge funds and large institutions have $98.5M invested in Towne Bank in 2014 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 29 increasing their positions, 21 reducing their positions, and 4 closing their positions.
175% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 4
38% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 21
10% more funds holding
Funds holding: 71 → 78 (+7)
6% less capital invested
Capital invested by funds: $105M → $98.5M (-$6.54M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.67M |
| 2 |
LNC
Lincoln National Corp
Radnor,
Pennsylvania
|
+$860K |
| 3 |
CIC
Cornercap Investment Counsel
Atlanta,
Georgia
|
+$764K |
| 4 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
+$546K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$535K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Nuance Investments
Kansas City,
Missouri
|
-$750K |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$476K |
| 3 |
D.E. Shaw & Co
New York
|
-$320K |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$206K |
| 5 |
AIU
Algebris Investments (UK)
London,
United Kingdom
|
-$196K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $1K | – | – | – |
|
|
GSC
77
Ground Swell Capital
Folly Beach,
South Carolina
| $1K | +$829 | +56 | New |
|
78
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $258 | +$4.37K | +295 | +2% |
|
|
79
D.E. Shaw & Co
New York
| – | -$320K | -20,339 | Closed |
|
|
AIU
80
Algebris Investments (UK)
London,
United Kingdom
| – | -$196K | -12,500 | Closed |
|
|
VFA
81
Virtus Fund Advisers
Hartford,
Connecticut
| – | -$40K | -2,520 | Closed |
|
82
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$6K | -412 | Closed |
|
TOWN Hedge Fund Activity: Q3 2014 in Review
78 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q3 2014, worth a combined $98.5M — down 6.2% from $105M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new TOWN positions and 4 closed out — a net gain of 7 holders — while 29 added to existing stakes and 21 trimmed.
The largest buyer was Ameriprise, adding an estimated $2.67M. The largest seller was Nuance Investments, cutting an estimated $750K.
- 78 institutional investors held Towne Bank (TOWN) as of Q3 2014, up from 71 in Q2 2014.
- Funds reported $98.5M of Towne Bank stock for Q3 2014, down 6.2% quarter-over-quarter.
- 11 funds opened new Towne Bank positions in Q3 2014 and 4 closed out, a net change of +7 holders.
- The largest Towne Bank buyer in Q3 2014 was Ameriprise, an estimated $2.67M added.
- The largest Towne Bank seller in Q3 2014 was Nuance Investments, an estimated $750K sold.
Based on aggregated 13F filings for Q3 2014.