Towne Bank
TOWN
133 hedge funds and large institutions have $459M invested in Towne Bank in 2016 Q2 according to their latest regulatory filings, with 36 funds opening new positions, 54 increasing their positions, 25 reducing their positions, and 7 closing their positions.
414% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 7
116% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 25
50% more capital invested
Capital invested by funds: $307M → $459M (+$152M)
25% more funds holding
Funds holding: 106 → 133 (+27)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$28.8M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$9.29M |
| 3 |
Truist Financial
Charlotte,
North Carolina
|
+$8.57M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$7.97M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$6.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
-$2.01M |
| 2 |
OPTFSNA
Old Point Trust & Financial Services N A
Newport News,
Virginia
|
-$1.11M |
| 3 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
-$925K |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$740K |
| 5 |
Citigroup
New York
|
-$695K |
TOWN Hedge Fund Activity: Q2 2016 in Review
133 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q2 2016, worth a combined $459M — up 50% from $307M a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new TOWN positions and 7 closed out — a net gain of 29 holders — while 54 added to existing stakes and 25 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $28.8M. The largest seller was Dimensional Fund Advisors, cutting an estimated $2.01M.
- 133 institutional investors held Towne Bank (TOWN) as of Q2 2016, up from 106 in Q1 2016.
- Funds reported $459M of Towne Bank stock for Q2 2016, up 50% quarter-over-quarter.
- 36 funds opened new Towne Bank positions in Q2 2016 and 7 closed out, a net change of +29 holders.
- The largest Towne Bank buyer in Q2 2016 was T. Rowe Price Associates, an estimated $28.8M added.
- The largest Towne Bank seller in Q2 2016 was Dimensional Fund Advisors, an estimated $2.01M sold.
Based on aggregated 13F filings for Q2 2016.