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Towne Bank
TOWN

150 hedge funds and large institutions have $568M invested in Towne Bank in 2020 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 40 increasing their positions, 49 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

65% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 17

23% more call options, than puts

Call options by funds: $660K | Put options by funds: $538K

8% more funds holding

Funds holding: 139 → 150 (+11)

0.39% less ownership

Funds ownership: 48.33% → 47.94% (-0.39%)

14% less capital invested

Capital invested by funds: $661M → $568M (-$93M)

18% less repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 49

Holders
150
Holders Change
+11
Holders Change %
+7.91%
% of All Funds
3.03%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
28
Increased
40
Reduced
49
Closed
17
Calls
$660K
Puts
$538K
Net Calls
+$122K
Net Calls Change
-$1.35M

Top Buyers

Rank Fund Capital Flow
1
American Century Companies
American Century Companies
Missouri
+$4.8M
2
CSPIA
Cary Street Partners Investment Advisory
Virginia
+$4.72M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$2.81M
4
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
+$1.79M
5
NI
Nuance Investments
Missouri
+$1.46M

Top Sellers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$10.9M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$6.32M
3
BlackRock
BlackRock
New York
-$6.04M
4
Renaissance Technologies
Renaissance Technologies
New York
-$1.51M
5
State Street
State Street
Massachusetts
-$1.35M
Name Holding Trade Value Shares
Change 		Change in
Stake
Macquarie Group
126
Macquarie Group
Australia
$40K +$12.4K +700 +41%
Ohio Public Employees Retirement System (OPERS)
127
Ohio Public Employees Retirement System (OPERS)
Ohio
$24K +$9.21K +518 +55%
CFA
128
Carroll Financial Associates
North Carolina
$23K – – –
EARNEST Partners
129
EARNEST Partners
Georgia
$23K – – –
HWA
130
Heritage Wealth Advisors
Virginia
$19.6K – – –
CWC
131
Carolinas Wealth Consulting
North Carolina
$17K +$17.8K +1,000 New
CMBA
132
C.M. Bidwell & Associates
Hawaii
$13K +$14.4K +810 New
JCM
133
Jacobi Capital Management
Pennsylvania
$11K – – –
S
134
SignatureFD
Georgia
$11K +$4.18K +235 +52%
APW
135
Acima Private Wealth
Virginia
$8K – – –
VCM
136
Versant Capital Management
Arizona
$8K – – –
SPIA
137
Steward Partners Investment Advisory
New York
$7K – – –
CFGS
138
Concourse Financial Group Securities
Alabama
$4K – – –
F
139
F3Logic
Minnesota
$3.3K +$3.57K +201 New
MRCM
140
M&R Capital Management
New Jersey
$3K – – –
Millennium Management
141
Millennium Management
New York
$2.76K +$1.43M +80,508 +92%
NFG
142
Next Financial Group
Texas
$2K +$1.78K +100 New
PCG
143
Private Capital Group
Connecticut
$1K – – –
LC
144
Lindbrook Capital
California
$1K +$693 +39 New
PFWA
145
Paces Ferry Wealth Advisors
Georgia
$1K +$818 +46 New
ASN
146
Advisory Services Network
Georgia
$1K +$1.49K +84 New
GRP
147
Global Retirement Partners
California
$1K +$1.51K +85 New
FCA
148
FinTrust Capital Advisors
South Carolina
$8 +$7.16K +403 +391%
Hotchkis & Wiley Capital Management
149
Hotchkis & Wiley Capital Management
California
– -$1.31M -69,790 Closed
Bessemer Group
150
Bessemer Group
New Jersey
– -$797K -42,300 Closed
3 4 5
6
7

TOWN Hedge Fund Activity: Q3 2020 in Review

150 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q3 2020, worth a combined $568M — down 14% from $661M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new TOWN positions and 17 closed out — a net gain of 11 holders — while 40 added to existing stakes and 49 trimmed.

The largest buyer was American Century Companies, adding an estimated $4.8M. The largest seller was T. Rowe Price Associates, cutting an estimated $10.9M.

  • 150 institutional investors held Towne Bank (TOWN) as of Q3 2020, up from 139 in Q2 2020.
  • Funds reported $568M of Towne Bank stock for Q3 2020, down 14% quarter-over-quarter.
  • 28 funds opened new Towne Bank positions in Q3 2020 and 17 closed out, a net change of +11 holders.
  • The largest Towne Bank buyer in Q3 2020 was American Century Companies, an estimated $4.8M added.
  • The largest Towne Bank seller in Q3 2020 was T. Rowe Price Associates, an estimated $10.9M sold.

Based on aggregated 13F filings for Q3 2020.