Towne Bank
TOWN
101 hedge funds and large institutions have $279M invested in Towne Bank in 2015 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 41 increasing their positions, 27 reducing their positions, and 11 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
52% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 27
23% more capital invested
Capital invested by funds: $227M → $279M (+$51.8M)
3% less funds holding
Funds holding: 104 → 101 (-3)
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$13.9M |
| 2 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$2.45M |
| 3 |
CPIM
Columbia Partners Investment Management
Alexandria,
Virginia
|
+$1.82M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.41M |
| 5 |
PP
Prospector Partners
Guilford,
Connecticut
|
+$1.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LBS
Lawrence B. Seidman
|
-$6.93M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$2.31M |
| 3 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
-$1.34M |
| 4 |
Bank of New York Mellon
New York
|
-$790K |
| 5 |
Two Sigma Advisers
New York
|
-$755K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $939 | +$47.6K | +2,659 | +6% |
|
|
KCM
102
Kennedy Capital Management
St Louis,
Missouri
| – | -$2.31M | -141,632 | Closed |
|
|
103
Two Sigma Advisers
New York
| – | -$755K | -46,328 | Closed |
|
|
SO
104
STRS Ohio
Columbus,
Ohio
| – | -$740K | -41,300 | Closed |
|
|
SWP
105
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$372K | -22,860 | Closed |
|
106
Two Sigma Investments
New York
| – | -$336K | -20,633 | Closed |
|
107
HighTower Advisors
Chicago,
Illinois
| – | -$271K | -16,638 | Closed |
|
|
TI
108
Telemetry Investments
New York
| – | -$179K | -11,000 | Closed |
|
|
TDC
109
Thompson Davis & Co
Richmond,
Virginia
| – | -$36K | -2,225 | Closed |
|
|
BRWM
110
B. Riley Wealth Management
Memphis,
Tennessee
| – | -$32K | -2,000 | Closed |
|
111
Walleye Trading
New York
| – | -$5K | -300 | Closed |
|
|
JG
112
Jefferies Group
New York
| – | -$3K | -176 | Closed |
|
TOWN Hedge Fund Activity: Q3 2015 in Review
101 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q3 2015, worth a combined $279M — up 23% from $227M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of TOWN and 9 opened new positions — a net loss of 2 holders — while 27 trimmed existing stakes and 41 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $13.9M. The largest seller was Lawrence B. Seidman, cutting an estimated $6.93M.
- 101 institutional investors held Towne Bank (TOWN) as of Q3 2015, down from 104 in Q2 2015.
- Funds reported $279M of Towne Bank stock for Q3 2015, up 23% quarter-over-quarter.
- 9 funds opened new Towne Bank positions in Q3 2015 and 11 closed out, a net change of -2 holders.
- The largest Towne Bank buyer in Q3 2015 was T. Rowe Price Associates, an estimated $13.9M added.
- The largest Towne Bank seller in Q3 2015 was Lawrence B. Seidman, an estimated $6.93M sold.
Based on aggregated 13F filings for Q3 2015.