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Towne Bank
TOWN

193 hedge funds and large institutions have $1.22B invested in Towne Bank in 2023 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 64 increasing their positions, 63 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

3,071% more call options, than puts

Call options by funds: $666K | Put options by funds: $21K

81% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 16

33% more capital invested

Capital invested by funds: $913M → $1.22B (+$305M)

5% more funds holding

Funds holding: 183 → 193 (+10)

1.55% more ownership

Funds ownership: 54.82% → 56.38% (+1.6%)

2% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 63

Holders
193
Holders Change
+10
Holders Change %
+5.46%
% of All Funds
2.81%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
29
Increased
64
Reduced
63
Closed
16
Calls
$666K
Puts
$21K
Net Calls
+$645K
Net Calls Change
-$38K

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$12.5M
2
BlackRock
BlackRock
New York
+$8.55M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$4.21M
4
American Century Companies
American Century Companies
Missouri
+$4.01M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$3.8M

Top Sellers

Rank Fund Capital Flow
1
Truist Financial
Truist Financial
North Carolina
-$8.22M
2
Norges Bank
Norges Bank
Norway
-$4.33M
3
Two Sigma Investments
Two Sigma Investments
New York
-$2.93M
4
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$2.53M
5
Two Sigma Advisers
Two Sigma Advisers
New York
-$1.95M
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
76
LPL Financial
California
$886K -$62.6K -2,414 -7%
GCP
77
GSA Capital Partners
United Kingdom
$878K +$765K +29,502 New
Baird Financial Group
78
Baird Financial Group
Wisconsin
$876K -$1.19K -46 -0.2%
VOYA Investment Management
79
VOYA Investment Management
Georgia
$863K +$7.73K +298 +1%
Royal Bank of Canada
80
Royal Bank of Canada
Ontario, Canada
$836K +$170K +6,541 +30%
Millennium Management
81
Millennium Management
New York
$796K +$694K +26,764 New
CSPIA
82
Cary Street Partners Investment Advisory
Virginia
$766K -$389 -15 -0.1%
Focus Partners Wealth
83
Focus Partners Wealth
Massachusetts
$750K +$653K +25,194 New
ANTB
84
AMG National Trust Bank
Colorado
$742K +$646K +24,928 New
OC
85
Oppenheimer & Co
New York
$738K -$5.06K -195 -0.8%
Mercer Global Advisors
86
Mercer Global Advisors
Colorado
$731K -$62K -2,392 -9%
State Board of Administration of Florida Retirement System
87
State Board of Administration of Florida Retirement System
Florida
$729K – – –
Canada Pension Plan Investment Board
88
Canada Pension Plan Investment Board
Ontario, Canada
$711K +$620K +23,896 New
OPTFSNA
89
Old Point Trust & Financial Services N A
Virginia
$687K +$239K +9,210 +66%
IWC
90
Integrated Wealth Concepts
Massachusetts
$681K – – –
US Bancorp
91
US Bancorp
Minnesota
$672K +$121K +4,676 +26%
TRCT
92
Tower Research Capital (TRC)
New York
$672K +$551K +21,264 +1,629%
PWM
93
PBMares Wealth Management
Virginia
$656K -$643K -24,814 -53%
SEI Investments
94
SEI Investments
Pennsylvania
$656K -$17.9K -689 -3%
Principal Financial Group
95
Principal Financial Group
Iowa
$655K +$50.5K +1,948 +10%
VIM
96
Vista Investment Management
Pennsylvania
$619K -$6.79K -262 -1%
SBIA
97
Sheaff Brock Investment Advisors
Indiana
$595K – – –
ASRS
98
Arizona State Retirement System
Arizona
$591K -$9.57K -369 -2%
Franklin Resources
99
Franklin Resources
California
$588K -$146K -5,613 -22%
BNP Paribas Financial Markets
100
BNP Paribas Financial Markets
France
$576K -$331K -12,764 -40%
2 3
4
5 6

TOWN Hedge Fund Activity: Q4 2023 in Review

193 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q4 2023, worth a combined $1.22B — up 33% from $913M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new TOWN positions and 16 closed out — a net gain of 13 holders — while 64 added to existing stakes and 63 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $12.5M. The largest seller was Truist Financial, cutting an estimated $8.22M.

  • 193 institutional investors held Towne Bank (TOWN) as of Q4 2023, up from 183 in Q3 2023.
  • Funds reported $1.22B of Towne Bank stock for Q4 2023, up 33% quarter-over-quarter.
  • 29 funds opened new Towne Bank positions in Q4 2023 and 16 closed out, a net change of +13 holders.
  • The largest Towne Bank buyer in Q4 2023 was Morgan Stanley, an estimated $12.5M added.
  • The largest Towne Bank seller in Q4 2023 was Truist Financial, an estimated $8.22M sold.

Based on aggregated 13F filings for Q4 2023.