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Towne Bank
TOWN

131 hedge funds and large institutions have $843M invested in Towne Bank in 2016 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 39 increasing their positions, 42 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more capital invested

Capital invested by funds: $541M → $843M (+$302M)

51% more call options, than puts

Call options by funds: $3.28M | Put options by funds: $2.17M

40.65% more ownership

Funds ownership: 0% → 40.65% (+41%)

32% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 19

3% more funds holding

Funds holding: 127 → 131 (+4)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

7% less repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 42

Holders
131
Holders Change
+4
Holders Change %
+3.15%
% of All Funds
3.27%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
25
Increased
39
Reduced
42
Closed
19
Calls
$3.28M
Puts
$2.17M
Net Calls
+$1.11M
Net Calls Change
-$6.98M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$33.6M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$31.8M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$15.2M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$15M
5
BFA
BlackRock Fund Advisors
California
+$8.4M

Top Sellers

1
LBS
Lawrence B. Seidman
-$14.7M
2
MFP
Michael F. Price
-$6.34M
3
PFC
Phocas Financial Corp
California
-$5.16M
4
MFAM
Motley Fool Asset Management
Virginia
-$4.32M
5
BGIM
Brandywine Global Investment Management
Pennsylvania
-$3.46M
Name Holding Trade Value Shares
Change 		Change in
Stake
LCOV
76
London Company of Virginia
Virginia
$544K – – –
PRCM
77
Pine River Capital Management
Minnesota
$525K +$455K +15,800 New
D.E. Shaw & Co
78
D.E. Shaw & Co
New York
$461K +$41.6K +1,442 +12%
OPTFSNA
79
Old Point Trust & Financial Services N A
Virginia
$443K – – –
BlackRock
80
BlackRock
New York
$440K -$15.5K -537 -4%
FP
81
Foundry Partners
Minnesota
$435K -$13.7K -475 -4%
B
82
Barings
North Carolina
$399K +$346K +12,000 New
SB
83
Suntrust Banks
Georgia
$391K -$348K -12,067 -51%
Public Employees Retirement Association of Colorado
84
Public Employees Retirement Association of Colorado
Colorado
$388K – – –
HSBC Holdings
85
HSBC Holdings
United Kingdom
$388K +$336K +11,667 New
GI
86
GAMCO Investors
Connecticut
$366K +$317K +11,000 New
DCM
87
Dupont Capital Management
Delaware
$334K +$290K +10,049 New
Two Sigma Advisers
88
Two Sigma Advisers
New York
$315K -$174K -6,023 -39%
IAA
89
Independent Advisor Alliance
North Carolina
$313K +$283K +9,834 New
AF
90
Aldebaran Financial
$299K -$28.8K -1,000 -10%
ProShare Advisors
91
ProShare Advisors
Maryland
$299K +$259K +8,979 New
OSAM
92
O'Shaughnessy Asset Management
Connecticut
$289K +$251K +8,696 New
AIM
93
Anchor Investment Management
South Carolina
$272K +$5.04K +175 +2%
SEIA
94
Signature Estate & Investment Advisors
California
$269K – – –
TSS
95
Two Sigma Securities
New York
$264K +$229K +7,946 New
Canada Life
96
Canada Life
Manitoba, Canada
$243K – – –
AB
97
Amalgamated Bank
New York
$233K +$202K +7,014 New
Goldman Sachs
98
Goldman Sachs
New York
$225K -$391K -13,570 -67%
Prudential Financial
99
Prudential Financial
New Jersey
$223K +$194K +6,715 New
PAM
100
Panagora Asset Management
Massachusetts
$207K +$179K +6,222 New
2 3
4
5 6

TOWN Hedge Fund Activity: Q4 2016 in Review

131 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q4 2016, worth a combined $843M — up 56% from $541M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new TOWN positions and 19 closed out — a net gain of 6 holders — while 39 added to existing stakes and 42 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $33.6M. The largest seller was Lawrence B. Seidman, exiting entirely with an estimated $14.7M sold.

  • 131 institutional investors held Towne Bank (TOWN) as of Q4 2016, up from 127 in Q3 2016.
  • Funds reported $843M of Towne Bank stock for Q4 2016, up 56% quarter-over-quarter.
  • 25 funds opened new Towne Bank positions in Q4 2016 and 19 closed out, a net change of +6 holders.
  • The largest Towne Bank buyer in Q4 2016 was Fidelity Investments, an estimated $33.6M added.
  • The largest Towne Bank seller in Q4 2016 was Lawrence B. Seidman, an estimated $14.7M sold.

Based on aggregated 13F filings for Q4 2016.