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Towne Bank
TOWN

131 hedge funds and large institutions have $843M invested in Towne Bank in 2016 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 39 increasing their positions, 42 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more capital invested

Capital invested by funds: $541M → $843M (+$302M)

51% more call options, than puts

Call options by funds: $3.28M | Put options by funds: $2.17M

40.65% more ownership

Funds ownership: 0% → 40.65% (+41%)

32% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 19

3% more funds holding

Funds holding: 127 → 131 (+4)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

7% less repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 42

Holders
131
Holders Change
+4
Holders Change %
+3.15%
% of All Funds
3.27%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
25
Increased
39
Reduced
42
Closed
19
Calls
$3.28M
Puts
$2.17M
Net Calls
+$1.11M
Net Calls Change
-$6.98M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$33.6M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$31.8M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$15.2M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$15M
5
BFA
BlackRock Fund Advisors
California
+$8.4M

Top Sellers

1
LBS
Lawrence B. Seidman
-$14.7M
2
MFP
Michael F. Price
-$6.34M
3
PFC
Phocas Financial Corp
California
-$5.16M
4
MFAM
Motley Fool Asset Management
Virginia
-$4.32M
5
BGIM
Brandywine Global Investment Management
Pennsylvania
-$3.46M
Name Holding Trade Value Shares
Change 		Change in
Stake
AIM
126
Acrospire Investment Management
Illinois
$5K -$2.31K -80 -34%
Envestnet Asset Management
127
Envestnet Asset Management
Illinois
$5K +$4.12K +143 New
NFG
128
Next Financial Group
Texas
$3K – – –
CHC
129
City Holding Co
West Virginia
$1K +$1.27K +44 New
LBS
130
Lawrence B. Seidman
– -$14.7M -598,321 Closed
PFC
131
Phocas Financial Corp
California
– -$5.16M -214,863 Closed
BGIM
132
Brandywine Global Investment Management
Pennsylvania
– -$3.46M -144,058 Closed
Arrowstreet Capital
133
Arrowstreet Capital
Massachusetts
– -$3.43M -142,891 Closed
OCM
134
Olstein Capital Management
New York
– -$2.4M -100,025 Closed
BCA
135
Benchmark Capital Advisors
New York
– -$2.33M -97,082 Closed
BCM
136
BHZ Capital Management
California
– -$2.09M -87,094 Closed
LSV Asset Management
137
LSV Asset Management
Illinois
– -$1.72M -71,604 Closed
MERSOM
138
Municipal Employees' Retirement System of Michigan
Michigan
– -$1.02M -42,490 Closed
WI
139
WBI Investments
New Jersey
– -$776K -32,313 Closed
DWM
140
Dorchester Wealth Management
Quebec, Canada
– -$601K -25,000 Closed
ZCM
141
Zebra Capital Management
Connecticut
– -$546K -22,701 Closed
Millennium Management
142
Millennium Management
New York
– -$383K -15,925 Closed
QI
143
QS Investors
New York
– -$259K -10,759 Closed
BFC
144
Banc Funds Company
Illinois
– -$240K -10,000 Closed
AP
145
AHL Partners
United Kingdom
– -$225K -9,383 Closed
SG Americas Securities
146
SG Americas Securities
New York
– -$181K -7,534 Closed
Federated Hermes
147
Federated Hermes
Pennsylvania
– -$19K -781 Closed
Fifth Third Bancorp
148
Fifth Third Bancorp
Ohio
– -$10K -414 Closed
2 3 4 5
6

TOWN Hedge Fund Activity: Q4 2016 in Review

131 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q4 2016, worth a combined $843M — up 56% from $541M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new TOWN positions and 19 closed out — a net gain of 6 holders — while 39 added to existing stakes and 42 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $33.6M. The largest seller was Lawrence B. Seidman, exiting entirely with an estimated $14.7M sold.

  • 131 institutional investors held Towne Bank (TOWN) as of Q4 2016, up from 127 in Q3 2016.
  • Funds reported $843M of Towne Bank stock for Q4 2016, up 56% quarter-over-quarter.
  • 25 funds opened new Towne Bank positions in Q4 2016 and 19 closed out, a net change of +6 holders.
  • The largest Towne Bank buyer in Q4 2016 was Fidelity Investments, an estimated $33.6M added.
  • The largest Towne Bank seller in Q4 2016 was Lawrence B. Seidman, an estimated $14.7M sold.

Based on aggregated 13F filings for Q4 2016.