Towne Bank
TOWN
129 hedge funds and large institutions have $865M invested in Towne Bank in 2017 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 42 increasing their positions, 32 reducing their positions, and 8 closing their positions.
2,033% more call options, than puts
Call options by funds: $320K | Put options by funds: $15K
225% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 8
31% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 32
16% more funds holding
Funds holding: 111 → 129 (+18)
0.02% more ownership
Funds ownership: 44.89% → 44.9% (+0.02%)
8% less capital invested
Capital invested by funds: $941M → $865M (-$75.9M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
+$5.11M |
| 2 |
BlackRock
New York
|
+$3.92M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.89M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$3M |
| 5 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$2.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$14.1M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$5.69M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$2.39M |
| 4 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
-$2.36M |
| 5 |
Goldman Sachs
New York
|
-$2.01M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MRCM
126
M&R Capital Management
Summit,
New Jersey
| $6K | – | – | – |
|
127
SEI Investments
Oaks,
Pennsylvania
| $2K | +$700 | +21 | +124% |
|
|
MAM
128
Meeder Asset Management
Dublin,
Ohio
| $1K | +$934 | +28 | New |
|
|
WI
129
WBI Investments
Red Bank,
New Jersey
| – | -$1.9M | -56,639 | Closed |
|
130
Bessemer Group
Woodbridge,
New Jersey
| – | -$1.61M | -48,000 | Closed |
|
|
NFA
131
Nationwide Fund Advisors
Columbus,
Ohio
| – | -$1.41M | -42,059 | Closed |
|
132
Allianz Asset Management
Munich,
Germany
| – | -$874K | -26,081 | Closed |
|
133
Principal Financial Group
Des Moines,
Iowa
| – | -$712K | -21,264 | Closed |
|
|
TSS
134
Two Sigma Securities
New York
| – | -$245K | -7,302 | Closed |
|
|
N
135
Natixis
Paris,
France
| – | -$236K | -7,032 | Closed |
|
|
CHC
136
City Holding Co
Charleston,
West Virginia
| – | -$1K | -44 | Closed |
|
TOWN Hedge Fund Activity: Q4 2017 in Review
129 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q4 2017, worth a combined $865M — down 8.1% from $941M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new TOWN positions and 8 closed out — a net gain of 18 holders — while 42 added to existing stakes and 32 trimmed.
The largest buyer was Dimensional Fund Advisors, adding an estimated $5.11M. The largest seller was Wellington Management Group, cutting an estimated $14.1M.
- 129 institutional investors held Towne Bank (TOWN) as of Q4 2017, up from 111 in Q3 2017.
- Funds reported $865M of Towne Bank stock for Q4 2017, down 8.1% quarter-over-quarter.
- 26 funds opened new Towne Bank positions in Q4 2017 and 8 closed out, a net change of +18 holders.
- The largest Towne Bank buyer in Q4 2017 was Dimensional Fund Advisors, an estimated $5.11M added.
- The largest Towne Bank seller in Q4 2017 was Wellington Management Group, an estimated $14.1M sold.
Based on aggregated 13F filings for Q4 2017.