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Towne Bank
TOWN

111 hedge funds and large institutions have $941M invested in Towne Bank in 2017 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 42 increasing their positions, 31 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

177% more call options, than puts

Call options by funds: $948K | Put options by funds: $342K

50% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 6

35% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 31

14% more capital invested

Capital invested by funds: $825M → $941M (+$116M)

2.07% more ownership

Funds ownership: 42.82% → 44.89% (+2.1%)

2% more funds holding

Funds holding: 109 → 111 (+2)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
111
Holders Change
+2
Holders Change %
+1.83%
% of All Funds
2.77%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
9
Increased
42
Reduced
31
Closed
6
Calls
$948K
Puts
$342K
Net Calls
+$606K
Net Calls Change
+$1.17M

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$17.3M
2
CIP
Chartwell Investment Partners
Pennsylvania
+$9.5M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$3.81M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$3.79M
5
Bank of America
Bank of America
North Carolina
+$3.48M

Top Sellers

1
Principal Financial Group
Principal Financial Group
Iowa
-$4.01M
2
AQR Capital Management
AQR Capital Management
Connecticut
-$1.71M
3
First Trust Advisors
First Trust Advisors
Illinois
-$1.11M
4
VRS
Virginia Retirement Systems
Virginia
-$1.07M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$737K
Name Holding Trade Value Shares
Change 		Change in
Stake
Two Sigma Advisers
76
Two Sigma Advisers
New York
$313K +$291K +9,347 New
AF
77
Aldebaran Financial
$305K +$1.31K +42 +0.5%
SEIA
78
Signature Estate & Investment Advisors
California
$271K – – –
SG Americas Securities
79
SG Americas Securities
New York
$256K +$91.9K +2,954 +63%
OPTFSNA
80
Old Point Trust & Financial Services N A
Virginia
$249K -$152K -4,900 -40%
OSAM
81
O'Shaughnessy Asset Management
Connecticut
$248K -$28.2K -907 -11%
Prudential Financial
82
Prudential Financial
New Jersey
$246K +$4.04K +130 +2%
TSS
83
Two Sigma Securities
New York
$245K +$227K +7,302 New
Canada Life
84
Canada Life
Manitoba, Canada
$244K – – –
Victory Capital Management
85
Victory Capital Management
Texas
$241K +$26.1K +840 +13%
AB
86
Amalgamated Bank
New York
$236K -$2.36K -76 -1%
N
87
Natixis
France
$236K +$219K +7,032 New
BC
88
Brinker Capital
Pennsylvania
$233K +$215K +6,924 New
BNP Paribas Financial Markets
89
BNP Paribas Financial Markets
France
$227K -$48.5K -1,560 -19%
LC
90
Landaas & Company
Wisconsin
$218K +$202K +6,500 New
TRCT
91
Tower Research Capital (TRC)
New York
$210K +$195K +6,254 New
VAM
92
Verity Asset Management
North Carolina
$210K +$195K +6,276 New
Royal Bank of Canada
93
Royal Bank of Canada
Ontario, Canada
$183K +$157K +5,042 +1,227%
Citigroup
94
Citigroup
New York
$164K +$129K +4,133 +540%
AIP
95
Ameritas Investment Partners
Nebraska
$148K – – –
LWCFA
96
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$137K – – –
TSW
97
Thompson Siegel & Walmsley
Virginia
$110K – – –
OC
98
Oakworth Capital
Alabama
$109K – – –
AG
99
Advisor Group
Arizona
$83K +$60.9K +1,957 +391%
Zurich Cantonal Bank
100
Zurich Cantonal Bank
Switzerland
$78K – – –
1 2 3
4
5

TOWN Hedge Fund Activity: Q3 2017 in Review

111 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q3 2017, worth a combined $941M — up 14% from $825M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new TOWN positions and 6 closed out — a net gain of 3 holders — while 42 added to existing stakes and 31 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $17.3M. The largest seller was Principal Financial Group, cutting an estimated $4.01M.

  • 111 institutional investors held Towne Bank (TOWN) as of Q3 2017, up from 109 in Q2 2017.
  • Funds reported $941M of Towne Bank stock for Q3 2017, up 14% quarter-over-quarter.
  • 9 funds opened new Towne Bank positions in Q3 2017 and 6 closed out, a net change of +3 holders.
  • The largest Towne Bank buyer in Q3 2017 was Goldman Sachs, an estimated $17.3M added.
  • The largest Towne Bank seller in Q3 2017 was Principal Financial Group, an estimated $4.01M sold.

Based on aggregated 13F filings for Q3 2017.