Towne Bank
TOWN
211 hedge funds and large institutions have $1.13B invested in Towne Bank in 2024 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 58 increasing their positions, 70 reducing their positions, and 14 closing their positions.
129% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 14
74% more call options, than puts
Call options by funds: $162K | Put options by funds: $93K
9% more funds holding
Funds holding: 193 → 211 (+18)
0.92% less ownership
Funds ownership: 56.38% → 55.46% (-0.92%)
7% less capital invested
Capital invested by funds: $1.22B → $1.13B (-$88.3M)
17% less repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 70
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$7.13M |
| 2 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$4.86M |
| 3 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$3.94M |
| 4 |
Millennium Management
New York
|
+$3.81M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$3.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Nuance Investments
Kansas City,
Missouri
|
-$22.2M |
| 2 |
BlackRock
New York
|
-$14.3M |
| 3 |
Morgan Stanley
New York
|
-$10.9M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
-$3.46M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$3.39M |
TOWN Hedge Fund Activity: Q1 2024 in Review
211 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q1 2024, worth a combined $1.13B — down 7.2% from $1.22B a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new TOWN positions and 14 closed out — a net gain of 18 holders — while 58 added to existing stakes and 70 trimmed.
The largest buyer was Arrowstreet Capital, adding an estimated $7.13M. The largest seller was Nuance Investments, cutting an estimated $22.2M.
- 211 institutional investors held Towne Bank (TOWN) as of Q1 2024, up from 193 in Q4 2023.
- Funds reported $1.13B of Towne Bank stock for Q1 2024, down 7.2% quarter-over-quarter.
- 32 funds opened new Towne Bank positions in Q1 2024 and 14 closed out, a net change of +18 holders.
- The largest Towne Bank buyer in Q1 2024 was Arrowstreet Capital, an estimated $7.13M added.
- The largest Towne Bank seller in Q1 2024 was Nuance Investments, an estimated $22.2M sold.
Based on aggregated 13F filings for Q1 2024.