Towne Bank
TOWN
62 hedge funds and large institutions have $85.4M invested in Towne Bank in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 29 increasing their positions, 18 reducing their positions, and 5 closing their positions.
61% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 18
0% more capital invested
Capital invested by funds: $85.2M → $85.4M (+$192K)
2% less funds holding
Funds holding: 63 → 62 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$1.18M |
| 2 |
OPTFSNA
Old Point Trust & Financial Services N A
Newport News,
Virginia
|
+$555K |
| 3 |
WSTAM
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
|
+$401K |
| 4 |
JP Morgan Chase
New York
|
+$371K |
| 5 |
NI
Nuance Investments
Kansas City,
Missouri
|
+$365K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$647K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$518K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$469K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$355K |
| 5 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$264K |
TOWN Hedge Fund Activity: Q3 2013 in Review
62 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q3 2013, worth a combined $85.4M — up 0.23% from $85.2M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of TOWN and 4 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 29 added.
The largest buyer was BlackRock Fund Advisors, adding an estimated $1.18M. The largest seller was First Trust Advisors, exiting entirely with an estimated $647K sold.
- 62 institutional investors held Towne Bank (TOWN) as of Q3 2013, down from 63 in Q2 2013.
- Funds reported $85.4M of Towne Bank stock for Q3 2013, up 0.23% quarter-over-quarter.
- 4 funds opened new Towne Bank positions in Q3 2013 and 5 closed out, a net change of -1 holder.
- The largest Towne Bank buyer in Q3 2013 was BlackRock Fund Advisors, an estimated $1.18M added.
- The largest Towne Bank seller in Q3 2013 was First Trust Advisors, an estimated $647K sold.
Based on aggregated 13F filings for Q3 2013.