Towne Bank
TOWN
150 hedge funds and large institutions have $568M invested in Towne Bank in 2020 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 40 increasing their positions, 49 reducing their positions, and 17 closing their positions.
65% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 17
23% more call options, than puts
Call options by funds: $660K | Put options by funds: $538K
8% more funds holding
Funds holding: 139 → 150 (+11)
0.39% less ownership
Funds ownership: 48.33% → 47.94% (-0.39%)
14% less capital invested
Capital invested by funds: $661M → $568M (-$93M)
18% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 49
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
+$4.8M |
| 2 |
CSPIA
Cary Street Partners Investment Advisory
Richmond,
Virginia
|
+$4.72M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.81M |
| 4 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$1.79M |
| 5 |
NI
Nuance Investments
Kansas City,
Missouri
|
+$1.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$10.9M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$6.32M |
| 3 |
BlackRock
New York
|
-$6.04M |
| 4 |
Renaissance Technologies
New York
|
-$1.51M |
| 5 |
State Street
Boston,
Massachusetts
|
-$1.35M |
TOWN Hedge Fund Activity: Q3 2020 in Review
150 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q3 2020, worth a combined $568M — down 14% from $661M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new TOWN positions and 17 closed out — a net gain of 11 holders — while 40 added to existing stakes and 49 trimmed.
The largest buyer was American Century Companies, adding an estimated $4.8M. The largest seller was T. Rowe Price Associates, cutting an estimated $10.9M.
- 150 institutional investors held Towne Bank (TOWN) as of Q3 2020, up from 139 in Q2 2020.
- Funds reported $568M of Towne Bank stock for Q3 2020, down 14% quarter-over-quarter.
- 28 funds opened new Towne Bank positions in Q3 2020 and 17 closed out, a net change of +11 holders.
- The largest Towne Bank buyer in Q3 2020 was American Century Companies, an estimated $4.8M added.
- The largest Towne Bank seller in Q3 2020 was T. Rowe Price Associates, an estimated $10.9M sold.
Based on aggregated 13F filings for Q3 2020.