Towne Bank
TOWN
140 hedge funds and large institutions have $1.04B invested in Towne Bank in 2018 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 47 increasing their positions, 43 reducing their positions, and 14 closing their positions.
147% more call options, than puts
Call options by funds: $2.23M | Put options by funds: $905K
18% more capital invested
Capital invested by funds: $880M → $1.04B (+$160M)
2.26% more ownership
Funds ownership: 42.72% → 44.98% (+2.3%)
9% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 43
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 14
1% less funds holding
Funds holding: 141 → 140 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
+$14.9M |
| 2 |
Bank of New York Mellon
New York
|
+$13.2M |
| 3 |
BlackRock
New York
|
+$11.3M |
| 4 |
Millennium Management
New York
|
+$8.85M |
| 5 |
Goldman Sachs
New York
|
+$5.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
-$3.52M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$3.46M |
| 3 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$3.38M |
| 4 |
Morgan Stanley
New York
|
-$1.81M |
| 5 |
LBS
Lawrence B. Seidman
|
-$1.29M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Balyasny Asset Management
Chicago,
Illinois
| – | -$209K | -7,305 | Closed |
|
|
CG
152
Cutler Group
San Francisco,
California
| – | -$171K | -6,000 | Closed |
|
|
TRCT
153
Tower Research Capital (TRC)
New York
| – | -$13K | -471 | Closed |
|
|
WCM
154
Whitener Capital Management
Rocky Mount,
North Carolina
| – | -$7K | -276 | Closed |
|
TOWN Hedge Fund Activity: Q2 2018 in Review
140 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q2 2018, worth a combined $1.04B — up 18% from $880M a quarter earlier.
Fund positioning in TOWN was balanced in Q2 2018: 14 funds opened new positions, 14 closed out, 47 added to existing stakes and 43 trimmed.
The largest buyer was Northern Trust, adding an estimated $14.9M. The largest seller was Endeavour Capital Advisors, cutting an estimated $3.52M.
- 140 institutional investors held Towne Bank (TOWN) as of Q2 2018, down from 141 in Q1 2018.
- Funds reported $1.04B of Towne Bank stock for Q2 2018, up 18% quarter-over-quarter.
- 14 funds opened new Towne Bank positions in Q2 2018 and 14 closed out, a net change of 0 holders.
- The largest Towne Bank buyer in Q2 2018 was Northern Trust, an estimated $14.9M added.
- The largest Towne Bank seller in Q2 2018 was Endeavour Capital Advisors, an estimated $3.52M sold.
Based on aggregated 13F filings for Q2 2018.