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Towne Bank

184 hedge funds and large institutions have $928M invested in Towne Bank in 2023 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 63 increasing their positions, 62 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 62

0.36% less ownership

Funds ownership: 55.3%54.94% (-0.36%)

5% less funds holding

Funds holding: 194184 (-10)

13% less capital invested

Capital invested by funds: $1.07B → $928M (-$142M)

36% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 28

66% less call options, than puts

Call options by funds: $213K | Put options by funds: $620K

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
184
Holders Change
-10
Holders Change %
-5.15%
% of All Funds
2.89%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
18
Increased
63
Reduced
62
Closed
28
Calls
$213K
Puts
$620K
Net Calls
-$407K
Net Calls Change
-$490K
Name Holding Trade Value Shares
Change
Change in
Stake
FWTB
101
First Western Trust Bank
Colorado
$404K
AG
102
Ascent Group
Virginia
$392K -$27.9K -1,160 -7%
DWM
103
Dakota Wealth Management
Florida
$388K
Grantham, Mayo, Van Otterloo & Co (GMO)
104
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$387K -$313K -13,020 -44%
LCOV
105
London Company of Virginia
Virginia
$380K
HI
106
Hendershot Investments
Virginia
$380K -$24K -1,000 -6%
OPTFSNA
107
Old Point Trust & Financial Services N A
Virginia
$380K -$3.97K -165 -1%
OBGC
108
O'Brien Greene & Co
Pennsylvania
$373K
Bank of Montreal
109
Bank of Montreal
Ontario, Canada
$365K -$105K -4,364 -23%
NYLIM
110
New York Life Investment Management
New York
$359K -$44.7K -1,859 -11%
Two Sigma Investments
111
Two Sigma Investments
New York
$353K -$240K -9,999 -40%
BWM
112
BCS Wealth Management
Tennessee
$352K +$365K +15,167 New
SO
113
STRS Ohio
Ohio
$339K -$185K -7,700 -35%
Squarepoint
114
Squarepoint
New York
$327K +$338K +14,060 New
Principal Financial Group
115
Principal Financial Group
Iowa
$318K +$139K +5,794 +74%
II
116
Inspire Investing
Idaho
$313K +$76.7K +3,189 +31%
Teacher Retirement System of Texas
117
Teacher Retirement System of Texas
Texas
$307K -$702K -29,196 -69%
PNC Financial Services Group
118
PNC Financial Services Group
Pennsylvania
$306K -$22.7K -944 -7%
Handelsbanken Fonder
119
Handelsbanken Fonder
Sweden
$304K
XF
120
XML Financial
Maryland
$301K
Jane Street
121
Jane Street
New York
$293K -$321K -13,364 -51%
Zurich Cantonal Bank
122
Zurich Cantonal Bank
Switzerland
$291K +$58.2K +2,423 +24%
SL
123
Salomon & Ludwin
Virginia
$287K
LNC
124
Lincoln National Corp
Pennsylvania
$286K +$295K +12,285 New
AF
125
Aldebaran Financial
$279K -$361K -15,000 -56%

TOWN Hedge Fund Activity: Q2 2023 in Review

184 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q2 2023, worth a combined $928M — down 13% from $1.07B a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of TOWN and 18 opened new positions — a net loss of 10 holders — while 62 trimmed existing stakes and 63 added.

The largest buyer was T. Rowe Price Investment Management, adding an estimated $8.89M. The largest seller was Davenport & Co, cutting an estimated $10.3M.

  • 184 institutional investors held Towne Bank (TOWN) as of Q2 2023, down from 194 in Q1 2023.
  • Funds reported $928M of Towne Bank stock for Q2 2023, down 13% quarter-over-quarter.
  • 18 funds opened new Towne Bank positions in Q2 2023 and 28 closed out, a net change of -10 holders.
  • The largest Towne Bank buyer in Q2 2023 was T. Rowe Price Investment Management, an estimated $8.89M added.
  • The largest Towne Bank seller in Q2 2023 was Davenport & Co, an estimated $10.3M sold.

Based on aggregated 13F filings for Q2 2023.