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Towne Bank
TOWN

139 hedge funds and large institutions have $661M invested in Towne Bank in 2020 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 47 increasing their positions, 45 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

231% more call options, than puts

Call options by funds: $2.12M | Put options by funds: $640K

55% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 11

4% more funds holding

Funds holding: 134 → 139 (+5)

4% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 45

4% more capital invested

Capital invested by funds: $634M → $661M (+$27M)

0.08% more ownership

Funds ownership: 48.25% → 48.33% (+0.08%)

Holders
139
Holders Change
+5
Holders Change %
+3.73%
% of All Funds
2.85%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
47
Reduced
45
Closed
11
Calls
$2.12M
Puts
$640K
Net Calls
+$1.48M
Net Calls Change
+$842K

Top Buyers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
+$4.07M
2
NI
Nuance Investments
Missouri
+$3.63M
3
CIP
Chartwell Investment Partners
Pennsylvania
+$2.51M
4
American Century Companies
American Century Companies
Missouri
+$1.71M
5
Millennium Management
Millennium Management
New York
+$1.63M

Top Sellers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$11.7M
2
BlackRock
BlackRock
New York
-$3.34M
3
Renaissance Technologies
Renaissance Technologies
New York
-$1.31M
4
PPA
Parametric Portfolio Associates
Washington
-$1.3M
5
JP Morgan Chase
JP Morgan Chase
New York
-$841K
Name Holding Trade Value Shares
Change 		Change in
Stake
Zurich Cantonal Bank
101
Zurich Cantonal Bank
Switzerland
$209K +$86.5K +4,661 +73%
GI
102
GAMCO Investors
Connecticut
$207K – – –
OPTFSNA
103
Old Point Trust & Financial Services N A
Virginia
$206K -$21.6K -1,163 -10%
SL
104
Salomon & Ludwin
Virginia
$206K – – –
FSA
105
Franklin Street Advisors
North Carolina
$205K – – –
VF
106
Virtu Financial
New York
$205K +$202K +10,902 New
BCM
107
BHZ Capital Management
California
$201K – – –
Squarepoint
108
Squarepoint
New York
$195K +$192K +10,371 New
AG
109
Aperio Group
California
$194K -$106K -5,699 -36%
TRCT
110
Tower Research Capital (TRC)
New York
$172K +$169K +9,122 New
Osaic Holdings
111
Osaic Holdings
Arizona
$157K +$105K +5,684 +215%
Bank of Montreal
112
Bank of Montreal
Ontario, Canada
$115K +$90.5K +4,878 +245%
AIP
113
Ameritas Investment Partners
Nebraska
$110K – – –
Canada Life
114
Canada Life
Manitoba, Canada
$105K +$482 +26 +0.5%
BNP Paribas Financial Markets
115
BNP Paribas Financial Markets
France
$80.7K -$331K -17,862 -81%
OC
116
Oakworth Capital
Alabama
$67K – – –
TSW
117
Thompson Siegel & Walmsley
Virginia
$53K – – –
PAG
118
Private Advisor Group
New Jersey
$37K +$36.2K +1,950 New
THWM
119
Taylor Hoffman Wealth Management
Virginia
$34K +$33K +1,780 New
Macquarie Group
120
Macquarie Group
Australia
$32K – – –
CFA
121
Carroll Financial Associates
North Carolina
$27K – – –
EARNEST Partners
122
EARNEST Partners
Georgia
$26K – – –
HWA
123
Heritage Wealth Advisors
Virginia
$22.5K – – –
Ohio Public Employees Retirement System (OPERS)
124
Ohio Public Employees Retirement System (OPERS)
Ohio
$18K +$9.87K +532 +129%
JCM
125
Jacobi Capital Management
Pennsylvania
$12K – – –
2 3 4
5
6

TOWN Hedge Fund Activity: Q2 2020 in Review

139 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q2 2020, worth a combined $661M — up 4.3% from $634M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new TOWN positions and 11 closed out — a net gain of 6 holders — while 47 added to existing stakes and 45 trimmed.

The largest buyer was Vanguard Group, adding an estimated $4.07M. The largest seller was T. Rowe Price Associates, cutting an estimated $11.7M.

  • 139 institutional investors held Towne Bank (TOWN) as of Q2 2020, up from 134 in Q1 2020.
  • Funds reported $661M of Towne Bank stock for Q2 2020, up 4.3% quarter-over-quarter.
  • 17 funds opened new Towne Bank positions in Q2 2020 and 11 closed out, a net change of +6 holders.
  • The largest Towne Bank buyer in Q2 2020 was Vanguard Group, an estimated $4.07M added.
  • The largest Towne Bank seller in Q2 2020 was T. Rowe Price Associates, an estimated $11.7M sold.

Based on aggregated 13F filings for Q2 2020.