Towne Bank
TOWN
194 hedge funds and large institutions have $1.07B invested in Towne Bank in 2023 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 66 increasing their positions, 66 reducing their positions, and 29 closing their positions.
151% more call options, than puts
Call options by funds: $138K | Put options by funds: $55K
0.89% more ownership
Funds ownership: 54.41% → 55.3% (+0.89%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 66
4% less capital invested
Capital invested by funds: $1.11B → $1.07B (-$44.5M)
9% less funds holding
Funds holding: 213 → 194 (-19)
62% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 29
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Nuance Investments
Kansas City,
Missouri
|
+$15.9M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$7.24M |
| 3 |
JP Morgan Chase
New York
|
+$6.54M |
| 4 |
State Street
Boston,
Massachusetts
|
+$3.45M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$6.43M |
| 2 |
SCP
Seizert Capital Partners
Birmingham,
Michigan
|
-$3.54M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$3.25M |
| 4 |
BlackRock
New York
|
-$3.17M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$2.77M |
TOWN Hedge Fund Activity: Q1 2023 in Review
194 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q1 2023, worth a combined $1.07B — down 4% from $1.11B a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of TOWN and 11 opened new positions — a net loss of 18 holders — while 66 trimmed existing stakes and 66 added.
The largest buyer was Nuance Investments, adding an estimated $15.9M. The largest seller was Goldman Sachs, cutting an estimated $6.43M.
- 194 institutional investors held Towne Bank (TOWN) as of Q1 2023, down from 213 in Q4 2022.
- Funds reported $1.07B of Towne Bank stock for Q1 2023, down 4% quarter-over-quarter.
- 11 funds opened new Towne Bank positions in Q1 2023 and 29 closed out, a net change of -18 holders.
- The largest Towne Bank buyer in Q1 2023 was Nuance Investments, an estimated $15.9M added.
- The largest Towne Bank seller in Q1 2023 was Goldman Sachs, an estimated $6.43M sold.
Based on aggregated 13F filings for Q1 2023.