Towne Bank
TOWN
146 hedge funds and large institutions have $979M invested in Towne Bank in 2019 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 54 increasing their positions, 37 reducing their positions, and 14 closing their positions.
29,317% more call options, than puts
Call options by funds: $1.76M | Put options by funds: $6K
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
46% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 37
4% more capital invested
Capital invested by funds: $942M → $979M (+$37.5M)
0.94% more ownership
Funds ownership: 47.9% → 48.84% (+0.94%)
2% less funds holding
Funds holding: 149 → 146 (-3)
21% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$8.04M |
| 2 |
Millennium Management
New York
|
+$6.48M |
| 3 |
BlackRock
New York
|
+$3.55M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.31M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$2.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$7.27M |
| 2 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
-$3.15M |
| 3 |
Bank of New York Mellon
New York
|
-$1.64M |
| 4 |
Goldman Sachs
New York
|
-$1.27M |
| 5 |
ROC
River Oaks Capital
Wayzata,
Minnesota
|
-$962K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
USAA
151
United Services Automobile Association
San Antonio,
Texas
| – | -$268K | -9,809 | Closed |
|
152
Los Angeles Capital Management
Los Angeles,
California
| – | -$223K | -8,173 | Closed |
|
|
WG
153
Winton Group
London,
United Kingdom
| – | -$223K | -8,167 | Closed |
|
|
MWM
154
Meridian Wealth Management
Lexington,
Kentucky
| – | -$1.46K | -5,360 | Closed |
|
|
SPIA
155
Steward Partners Investment Advisory
New York
| – | -$34K | -1,250 | Closed |
|
|
TRCT
156
Tower Research Capital (TRC)
New York
| – | -$29K | -1,066 | Closed |
|
|
PCP
157
Proficio Capital Partners
Newton,
Massachusetts
| – | -$10K | -375 | Closed |
|
|
LC
158
Lindbrook Capital
Calabasas,
California
| – | -$3K | -123 | Closed |
|
|
CAW
159
Cornerstone Advisors (Washington)
Bellevue,
Washington
| – | -$3K | -119 | Closed |
|
|
EWM
160
Executive Wealth Management
Brighton,
Michigan
| – | -$2K | -65 | Closed |
|
TOWN Hedge Fund Activity: Q3 2019 in Review
146 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q3 2019, worth a combined $979M — up 4% from $942M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of TOWN and 11 opened new positions — a net loss of 3 holders — while 37 trimmed existing stakes and 54 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $8.04M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $7.27M.
- 146 institutional investors held Towne Bank (TOWN) as of Q3 2019, down from 149 in Q2 2019.
- Funds reported $979M of Towne Bank stock for Q3 2019, up 4% quarter-over-quarter.
- 11 funds opened new Towne Bank positions in Q3 2019 and 14 closed out, a net change of -3 holders.
- The largest Towne Bank buyer in Q3 2019 was T. Rowe Price Associates, an estimated $8.04M added.
- The largest Towne Bank seller in Q3 2019 was Manulife (Manufacturers Life Insurance), an estimated $7.27M sold.
Based on aggregated 13F filings for Q3 2019.