Towne Bank
TOWN
134 hedge funds and large institutions have $785M invested in Towne Bank in 2018 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 44 increasing their positions, 39 reducing their positions, and 18 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 39
0.33% more ownership
Funds ownership: 45.14% → 45.46% (+0.33%)
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: 18 | Existing positions closed: 18
1% less funds holding
Funds holding: 135 → 134 (-1)
22% less capital invested
Capital invested by funds: $1B → $785M (-$219M)
25% less call options, than puts
Call options by funds: $551K | Put options by funds: $733K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$6.67M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$3.67M |
| 3 |
Renaissance Technologies
New York
|
+$3.16M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.79M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
+$1.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$4.45M |
| 2 |
ACL
Azora Capital LP
Miami,
Florida
|
-$4.02M |
| 3 |
Millennium Management
New York
|
-$2.85M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$2.29M |
| 5 |
Goldman Sachs
New York
|
-$1.77M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$21K | -682 | Closed |
|
152
Fidelity Investments
Boston,
Massachusetts
| – | -$2K | -70 | Closed |
|
TOWN Hedge Fund Activity: Q4 2018 in Review
134 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q4 2018, worth a combined $785M — down 22% from $1B a quarter earlier.
Fund positioning in TOWN was balanced in Q4 2018: 18 funds opened new positions, 18 closed out, 44 added to existing stakes and 39 trimmed.
The largest buyer was BlackRock, adding an estimated $6.67M. The largest seller was T. Rowe Price Associates, cutting an estimated $4.45M.
- 134 institutional investors held Towne Bank (TOWN) as of Q4 2018, down from 135 in Q3 2018.
- Funds reported $785M of Towne Bank stock for Q4 2018, down 22% quarter-over-quarter.
- 18 funds opened new Towne Bank positions in Q4 2018 and 18 closed out, a net change of 0 holders.
- The largest Towne Bank buyer in Q4 2018 was BlackRock, an estimated $6.67M added.
- The largest Towne Bank seller in Q4 2018 was T. Rowe Price Associates, an estimated $4.45M sold.
Based on aggregated 13F filings for Q4 2018.