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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
133
Holders Change
+27
Holders Change %
+25.47%
% of All Funds
3.55%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
36
Increased
54
Reduced
25
Closed
7
Calls
$4.41M
Puts
–
Net Calls
+$4.41M
Net Calls Change
+$4.21M

Top Buyers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$28.8M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$9.29M
3
Truist Financial
Truist Financial
North Carolina
+$8.57M
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$7.97M
5
Wellington Management Group
Wellington Management Group
Massachusetts
+$6.89M

Top Sellers

Rank Fund Capital Flow
1
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$2.01M
2
OPTFSNA
Old Point Trust & Financial Services N A
Virginia
-$1.11M
3
ECA
Endeavour Capital Advisors
Connecticut
-$925K
4
CS
Credit Suisse
Switzerland
-$740K
5
Citigroup
Citigroup
New York
-$695K
Name Holding Trade Value Shares
Change 		Change in
Stake
WA
126
WFG Advisors
Texas
$9K +$9.07K +433 New
US Bancorp
127
US Bancorp
Minnesota
$8K +$21 +1 +0.3%
PNC Financial Services Group
128
PNC Financial Services Group
Pennsylvania
$6K -$230 -11 -4%
PCM
129
Prelude Capital Management
New York
$6K +$6.24K +298 New
MCM
130
McKinley Capital Management
Alaska
$5K +$5.03K +240 New
MRCM
131
M&R Capital Management
New Jersey
$4K +$4.19K +200 New
ECA
132
Endeavour Capital Advisors
Connecticut
– -$925K -48,212 Closed
Prudential Financial
133
Prudential Financial
New Jersey
– -$392K -20,404 Closed
Susquehanna International Group
134
Susquehanna International Group
Pennsylvania
– -$409K -19,523 Closed
Millennium Management
135
Millennium Management
New York
– -$302K -15,751 Closed
TI
136
Trexquant Investment
Connecticut
– -$250K -13,039 Closed
EMG
137
Ellington Management Group
Connecticut
– -$207K -10,800 Closed
Creative Planning
138
Creative Planning
Kansas
– -$6K -300 Closed
IA
139
IFP Advisors
Florida
– +$168 +8 New
AG
140
Advisor Group
Arizona
– +$210 +10 New
2 3 4 5
6

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.