Towne Bank
TOWN
79 hedge funds and large institutions have $116M invested in Towne Bank in 2014 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 29 increasing their positions, 19 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
53% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 19
18% more capital invested
Capital invested by funds: $98.5M → $116M (+$17.8M)
1% more funds holding
Funds holding: 78 → 79 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
+$1.87M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$1.59M |
| 3 |
BCA
Benchmark Capital Advisors
New York
|
+$1.12M |
| 4 |
California Public Employees Retirement System
Sacramento,
California
|
+$1.05M |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
+$854K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Nuance Investments
Kansas City,
Missouri
|
-$759K |
| 2 |
Millennium Management
New York
|
-$219K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$187K |
| 4 |
ProShare Advisors
Bethesda,
Maryland
|
-$158K |
| 5 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$153K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
US Bancorp
Minneapolis,
Minnesota
| $3K | +$15 | +1 | +0.6% |
|
77
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $1K | – | – | – |
|
78
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $373 | +$82.9K | +5,621 | +30% |
|
|
BRWA
79
B. Riley Wealth Advisors
Boca Raton,
Florida
| $1 | +$899 | +61 | New |
|
|
80
Millennium Management
New York
| – | -$219K | -16,137 | Closed |
|
|
81
Stifel Financial
St. Louis,
Missouri
| – | -$187K | -13,750 | Closed |
|
|
82
ProShare Advisors
Bethesda,
Maryland
| – | -$158K | -11,602 | Closed |
|
|
TRCT
83
Tower Research Capital (TRC)
New York
| – | -$33K | -2,404 | Closed |
|
84
BNP Paribas Financial Markets
Paris,
France
| – | -$25.7K | -1,891 | Closed |
|
TOWN Hedge Fund Activity: Q4 2014 in Review
79 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q4 2014, worth a combined $116M — up 18% from $98.5M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new TOWN positions and 5 closed out — a net gain of 3 holders — while 29 added to existing stakes and 19 trimmed.
The largest buyer was Foundry Partners, opening a new position worth an estimated $1.87M. The largest seller was Nuance Investments, cutting an estimated $759K.
- 79 institutional investors held Towne Bank (TOWN) as of Q4 2014, up from 78 in Q3 2014.
- Funds reported $116M of Towne Bank stock for Q4 2014, up 18% quarter-over-quarter.
- 8 funds opened new Towne Bank positions in Q4 2014 and 5 closed out, a net change of +3 holders.
- The largest Towne Bank buyer in Q4 2014 was Foundry Partners, an estimated $1.87M added.
- The largest Towne Bank seller in Q4 2014 was Nuance Investments, an estimated $759K sold.
Based on aggregated 13F filings for Q4 2014.