Towne Bank
TOWN
135 hedge funds and large institutions have $1B invested in Towne Bank in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 39 increasing their positions, 42 reducing their positions, and 14 closing their positions.
1,468% more call options, than puts
Call options by funds: $2.32M | Put options by funds: $148K
0.16% more ownership
Funds ownership: 44.98% → 45.14% (+0.16%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less capital invested
Capital invested by funds: $1.04B → $1B (-$37M)
7% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 42
4% less funds holding
Funds holding: 140 → 135 (-5)
36% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$5.31M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$5.18M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.82M |
| 4 |
Goldman Sachs
New York
|
+$1.76M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
-$3.37M |
| 2 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
-$3.21M |
| 3 |
MCM
Maltese Capital Management
New York
|
-$2.25M |
| 4 |
Millennium Management
New York
|
-$2.23M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$1.5M |
TOWN Hedge Fund Activity: Q3 2018 in Review
135 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q3 2018, worth a combined $1B — down 3.6% from $1.04B a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of TOWN and 9 opened new positions — a net loss of 5 holders — while 42 trimmed existing stakes and 39 added.
The largest buyer was BlackRock, adding an estimated $5.31M. The largest seller was Endeavour Capital Advisors, cutting an estimated $3.37M.
- 135 institutional investors held Towne Bank (TOWN) as of Q3 2018, down from 140 in Q2 2018.
- Funds reported $1B of Towne Bank stock for Q3 2018, down 3.6% quarter-over-quarter.
- 9 funds opened new Towne Bank positions in Q3 2018 and 14 closed out, a net change of -5 holders.
- The largest Towne Bank buyer in Q3 2018 was BlackRock, an estimated $5.31M added.
- The largest Towne Bank seller in Q3 2018 was Endeavour Capital Advisors, an estimated $3.37M sold.
Based on aggregated 13F filings for Q3 2018.