Towne Bank
TOWN
111 hedge funds and large institutions have $335M invested in Towne Bank in 2015 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 41 increasing their positions, 31 reducing their positions, and 8 closing their positions.
125% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 8
32% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 31
20% more capital invested
Capital invested by funds: $279M → $335M (+$56.1M)
10% more funds holding
Funds holding: 101 → 111 (+10)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$27.2M |
| 2 |
Renaissance Technologies
New York
|
+$2.2M |
| 3 |
MFWM
Motley Fool Wealth Management
Alexandria,
Virginia
|
+$1.81M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.52M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$1.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSV Asset Management
Chicago,
Illinois
|
-$4.13M |
| 2 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
-$3.54M |
| 3 |
LBS
Lawrence B. Seidman
|
-$3.34M |
| 4 |
PP
Prospector Partners
Guilford,
Connecticut
|
-$1.44M |
| 5 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
-$1.21M |
TOWN Hedge Fund Activity: Q4 2015 in Review
111 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q4 2015, worth a combined $335M — up 20% from $279M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new TOWN positions and 8 closed out — a net gain of 10 holders — while 41 added to existing stakes and 31 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $27.2M. The largest seller was LSV Asset Management, cutting an estimated $4.13M.
- 111 institutional investors held Towne Bank (TOWN) as of Q4 2015, up from 101 in Q3 2015.
- Funds reported $335M of Towne Bank stock for Q4 2015, up 20% quarter-over-quarter.
- 18 funds opened new Towne Bank positions in Q4 2015 and 8 closed out, a net change of +10 holders.
- The largest Towne Bank buyer in Q4 2015 was T. Rowe Price Associates, an estimated $27.2M added.
- The largest Towne Bank seller in Q4 2015 was LSV Asset Management, an estimated $4.13M sold.
Based on aggregated 13F filings for Q4 2015.