Towne Bank
TOWN
193 hedge funds and large institutions have $1.22B invested in Towne Bank in 2023 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 64 increasing their positions, 63 reducing their positions, and 16 closing their positions.
3,071% more call options, than puts
Call options by funds: $666K | Put options by funds: $21K
81% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 16
33% more capital invested
Capital invested by funds: $913M → $1.22B (+$305M)
5% more funds holding
Funds holding: 183 → 193 (+10)
1.55% more ownership
Funds ownership: 54.82% → 56.38% (+1.6%)
2% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 63
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$12.5M |
| 2 |
BlackRock
New York
|
+$8.55M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$4.21M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$4.01M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$3.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Truist Financial
Charlotte,
North Carolina
|
-$8.22M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$4.33M |
| 3 |
Two Sigma Investments
New York
|
-$2.93M |
| 4 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$2.53M |
| 5 |
Two Sigma Advisers
New York
|
-$1.95M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HWAM
201
Hennion & Walsh Asset Management
Parsippany,
New Jersey
| – | -$226K | -9,843 | Closed |
|
202
Allspring Global Investments
Charlotte,
North Carolina
| – | -$67.4K | -2,938 | Closed |
|
|
ACM
203
Aquatic Capital Management
Chicago,
Illinois
| – | -$44K | -1,900 | Closed |
|
204
EARNEST Partners
Atlanta,
Georgia
| – | -$32.1K | -1,398 | Closed |
|
|
BTI
205
Blue Trust Inc
Alpharetta,
Georgia
| – | -$7K | -284 | Closed |
|
|
MPWT
206
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$917 | -40 | Closed |
|
207
Simplex Trading
Chicago,
Illinois
| – | -$415 | -16 | Closed |
|
|
NA
208
NewEdge Advisors
New Orleans,
Louisiana
| – | -$161 | -7 | Closed |
|
|
C
209
Covestor
London,
United Kingdom
| – | -$26 | -1 | -17% |
|
TOWN Hedge Fund Activity: Q4 2023 in Review
193 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q4 2023, worth a combined $1.22B — up 33% from $913M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new TOWN positions and 16 closed out — a net gain of 13 holders — while 64 added to existing stakes and 63 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $12.5M. The largest seller was Truist Financial, cutting an estimated $8.22M.
- 193 institutional investors held Towne Bank (TOWN) as of Q4 2023, up from 183 in Q3 2023.
- Funds reported $1.22B of Towne Bank stock for Q4 2023, up 33% quarter-over-quarter.
- 29 funds opened new Towne Bank positions in Q4 2023 and 16 closed out, a net change of +13 holders.
- The largest Towne Bank buyer in Q4 2023 was Morgan Stanley, an estimated $12.5M added.
- The largest Towne Bank seller in Q4 2023 was Truist Financial, an estimated $8.22M sold.
Based on aggregated 13F filings for Q4 2023.