Towne Bank
TOWN
141 hedge funds and large institutions have $880M invested in Towne Bank in 2018 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 63 increasing their positions, 27 reducing their positions, and 16 closing their positions.
133% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 27
81% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 16
9% more funds holding
Funds holding: 129 → 141 (+12)
2% more capital invested
Capital invested by funds: $865M → $880M (+$15.5M)
2.18% less ownership
Funds ownership: 44.9% → 42.72% (-2.2%)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $416K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$22.4M |
| 2 |
Goldman Sachs
New York
|
+$12.5M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$11.3M |
| 4 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
+$10.1M |
| 5 |
BlackRock
New York
|
+$9.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$37.2M |
| 2 |
Bank of New York Mellon
New York
|
-$6.61M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$5.49M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.19M |
| 5 |
MWNA
Marshall Wace North America
New York
|
-$1.08M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LC
151
Landaas & Company
Milwaukee,
Wisconsin
| – | -$200K | -6,500 | Closed |
|
|
OSAM
152
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$103K | -3,347 | Closed |
|
|
II
153
Inspire Investing
Meridian,
Idaho
| – | -$53K | -1,735 | Closed |
|
|
DCM
154
Delpha Capital Management
New York
| – | -$26K | -856 | Closed |
|
155
SEI Investments
Oaks,
Pennsylvania
| – | -$2K | -38 | Closed |
|
|
MAM
156
Meeder Asset Management
Dublin,
Ohio
| – | -$1K | -28 | Closed |
|
TOWN Hedge Fund Activity: Q1 2018 in Review
141 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q1 2018, worth a combined $880M — up 1.8% from $865M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new TOWN positions and 16 closed out — a net gain of 13 holders — while 63 added to existing stakes and 27 trimmed.
The largest buyer was Vanguard Group, adding an estimated $22.4M. The largest seller was Fidelity Investments, exiting entirely with an estimated $37.2M sold.
- 141 institutional investors held Towne Bank (TOWN) as of Q1 2018, up from 129 in Q4 2017.
- Funds reported $880M of Towne Bank stock for Q1 2018, up 1.8% quarter-over-quarter.
- 29 funds opened new Towne Bank positions in Q1 2018 and 16 closed out, a net change of +13 holders.
- The largest Towne Bank buyer in Q1 2018 was Vanguard Group, an estimated $22.4M added.
- The largest Towne Bank seller in Q1 2018 was Fidelity Investments, an estimated $37.2M sold.
Based on aggregated 13F filings for Q1 2018.