Towne Bank
TOWN
184 hedge funds and large institutions have $928M invested in Towne Bank in 2023 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 63 increasing their positions, 62 reducing their positions, and 28 closing their positions.
2% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 62
0.36% less ownership
Funds ownership: 55.3% → 54.94% (-0.36%)
5% less funds holding
Funds holding: 194 → 184 (-10)
13% less capital invested
Capital invested by funds: $1.07B → $928M (-$142M)
36% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 28
66% less call options, than puts
Call options by funds: $213K | Put options by funds: $620K
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$8.89M |
| 2 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$4.63M |
| 3 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$2.84M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$1.87M |
| 5 |
State Street
Boston,
Massachusetts
|
+$1.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DC
Davenport & Co
Richmond,
Virginia
|
-$10.3M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$4.85M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$3.34M |
| 4 |
NI
Nuance Investments
Kansas City,
Missouri
|
-$3.08M |
| 5 |
AG
Algert Global
San Francisco,
California
|
-$1.75M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CMF
201
Counterpoint Mutual Funds
San Diego,
California
| – | -$106K | -3,981 | Closed |
|
|
OC
202
Oakworth Capital
Birmingham,
Alabama
| – | -$94.9K | -3,562 | Closed |
|
203
Lazard Asset Management
New York
| – | -$28K | -1,081 | Closed |
|
|
C
204
Covestor
London,
United Kingdom
| – | -$12K | -499 | -99% |
|
|
HC
205
Hoese & Co
Glencoe,
Minnesota
| – | -$4.55K | -150 | Closed |
|
|
SFG
206
Steward Financial Group
Colleyville,
Texas
| – | -$1K | -50 | Closed |
|
|
SC
207
Schubert & Co
Mckinney,
Texas
| – | -$880 | -33 | Closed |
|
|
MCM
208
Manchester Capital Management
Manchester,
Vermont
| – | -$720 | -27 | Closed |
|
|
PA
209
Parallel Advisors
San Francisco,
California
| – | -$613 | -23 | Closed |
|
|
FFA
210
Farther Finance Advisors
San Francisco,
California
| – | -$586 | -22 | Closed |
|
|
TWA
211
TCI Wealth Advisors
Tucson,
Arizona
| – | -$107 | -4 | Closed |
|
TOWN Hedge Fund Activity: Q2 2023 in Review
184 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q2 2023, worth a combined $928M — down 13% from $1.07B a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of TOWN and 18 opened new positions — a net loss of 10 holders — while 62 trimmed existing stakes and 63 added.
The largest buyer was T. Rowe Price Investment Management, adding an estimated $8.89M. The largest seller was Davenport & Co, cutting an estimated $10.3M.
- 184 institutional investors held Towne Bank (TOWN) as of Q2 2023, down from 194 in Q1 2023.
- Funds reported $928M of Towne Bank stock for Q2 2023, down 13% quarter-over-quarter.
- 18 funds opened new Towne Bank positions in Q2 2023 and 28 closed out, a net change of -10 holders.
- The largest Towne Bank buyer in Q2 2023 was T. Rowe Price Investment Management, an estimated $8.89M added.
- The largest Towne Bank seller in Q2 2023 was Davenport & Co, an estimated $10.3M sold.
Based on aggregated 13F filings for Q2 2023.