Towne Bank
TOWN
99 hedge funds and large institutions have $229M invested in Towne Bank in 2015 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 48 increasing their positions, 12 reducing their positions, and 5 closing their positions.
400% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 5
300% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 12
97% more capital invested
Capital invested by funds: $116M → $229M (+$112M)
25% more funds holding
Funds holding: 79 → 99 (+20)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LBS
Lawrence B. Seidman
|
+$21.8M |
| 2 |
MFP
Michael F. Price
|
+$17.7M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$8.7M |
| 4 |
Renaissance Technologies
New York
|
+$6.95M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$5.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAM
Jacobs Asset Management
New York
|
-$823K |
| 2 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
-$507K |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$325K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$232K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$168K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MAM
101
Martingale Asset Management
Boston,
Massachusetts
| – | -$507K | -33,466 | Closed |
|
|
102
Schroder Investment Management Group
London,
United Kingdom
| – | -$325K | -21,500 | Closed |
|
|
CCM
103
Coe Capital Management
Highland Park,
Illinois
| – | -$162K | -10,743 | Closed |
|
|
BRWA
104
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$1 | -61 | Closed |
|
TOWN Hedge Fund Activity: Q1 2015 in Review
99 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q1 2015, worth a combined $229M — up 97% from $116M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new TOWN positions and 5 closed out — a net gain of 20 holders — while 48 added to existing stakes and 12 trimmed.
The largest buyer was Lawrence B. Seidman, opening a new position worth an estimated $21.8M. The largest seller was Jacobs Asset Management, exiting entirely with an estimated $823K sold.
- 99 institutional investors held Towne Bank (TOWN) as of Q1 2015, up from 79 in Q4 2014.
- Funds reported $229M of Towne Bank stock for Q1 2015, up 97% quarter-over-quarter.
- 25 funds opened new Towne Bank positions in Q1 2015 and 5 closed out, a net change of +20 holders.
- The largest Towne Bank buyer in Q1 2015 was Lawrence B. Seidman, an estimated $21.8M added.
- The largest Towne Bank seller in Q1 2015 was Jacobs Asset Management, an estimated $823K sold.
Based on aggregated 13F filings for Q1 2015.