Towne Bank
TOWN
123 hedge funds and large institutions have $868M invested in Towne Bank in 2017 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 42 increasing their positions, 42 reducing their positions, and 13 closing their positions.
143% more call options, than puts
Call options by funds: $1.57M | Put options by funds: $648K
2.41% more ownership
Funds ownership: 40.65% → 43.06% (+2.4%)
3% more capital invested
Capital invested by funds: $843M → $868M (+$25.6M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 42
6% less funds holding
Funds holding: 131 → 123 (-8)
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$116M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$39.3M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$9.67M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$5.97M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$4.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$9.47M |
| 2 |
MFP
Michael F. Price
|
-$4.02M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.5M |
| 4 |
Morgan Stanley
New York
|
-$2.4M |
| 5 |
JP Morgan Chase
New York
|
-$2.08M |
TOWN Hedge Fund Activity: Q1 2017 in Review
123 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q1 2017, worth a combined $868M — up 3% from $843M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of TOWN and 11 opened new positions — a net loss of 2 holders — while 42 trimmed existing stakes and 42 added.
The largest buyer was BlackRock, adding an estimated $116M. The largest seller was Wellington Management Group, cutting an estimated $9.47M.
- 123 institutional investors held Towne Bank (TOWN) as of Q1 2017, down from 131 in Q4 2016.
- Funds reported $868M of Towne Bank stock for Q1 2017, up 3% quarter-over-quarter.
- 11 funds opened new Towne Bank positions in Q1 2017 and 13 closed out, a net change of -2 holders.
- The largest Towne Bank buyer in Q1 2017 was BlackRock, an estimated $116M added.
- The largest Towne Bank seller in Q1 2017 was Wellington Management Group, an estimated $9.47M sold.
Based on aggregated 13F filings for Q1 2017.