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Towne Bank
TOWN

63 hedge funds and large institutions have $96.8M invested in Towne Bank in 2013 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 24 increasing their positions, 20 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 20

13% more capital invested

Capital invested by funds: $85.4M → $96.8M (+$11.4M)

11% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 9

2% more funds holding

Funds holding: 62 → 63 (+1)

Holders
63
Holders Change
+1
Holders Change %
+1.61%
% of All Funds
1.83%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
24
Reduced
20
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$1.89M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$747K
3
NI
Nuance Investments
Missouri
+$662K
4
Bank of New York Mellon
Bank of New York Mellon
New York
+$602K
5
Goldman Sachs
Goldman Sachs
New York
+$334K

Top Sellers

Rank Fund Capital Flow
1
Renaissance Technologies
Renaissance Technologies
New York
-$477K
2
JP Morgan Chase
JP Morgan Chase
New York
-$376K
3
Deutsche Bank
Deutsche Bank
Germany
-$375K
4
BFA
BlackRock Fund Advisors
California
-$338K
5
ProShare Advisors
ProShare Advisors
Maryland
-$241K
Name Holding Trade Value Shares
Change 		Change in
Stake
BIT
1
BlackRock Institutional Trust
California
$13.5M -$238K -15,968 -2%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$12.9M +$9.38K +630 +0.1%
BFA
3
BlackRock Fund Advisors
California
$11.3M -$338K -22,719 -3%
Vanguard Group
4
Vanguard Group
Pennsylvania
$11.2M +$747K +50,190 +7%
State Street
5
State Street
Massachusetts
$6.9M -$6.28K -422 -0.1%
Northern Trust
6
Northern Trust
Illinois
$5.87M +$47.3K +3,175 +0.8%
BTS
7
BB&T Securities
Virginia
$3.48M +$183K +12,269 +119%
WSTAM
8
Wilbanks Smith & Thomas Asset Management
Virginia
$2.99M +$14.9K +1,000 +0.5%
Bank of New York Mellon
9
Bank of New York Mellon
New York
$2.85M +$602K +40,461 +28%
Ameriprise
10
Ameriprise
Minnesota
$1.99M +$1.89M +127,149 +6,166%
TCIM
11
TIAA CREF Investment Management
New York
$1.89M +$48.5K +3,260 +3%
NI
12
Nuance Investments
Missouri
$1.79M +$662K +44,452 +62%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$1.76M +$118K +7,951 +7%
BIM
14
BlackRock Investment Management
Delaware
$1.38M -$33.4K -2,245 -2%
PPA
15
Parametric Portfolio Associates
Washington
$1.2M +$209K +14,033 +22%
OPTFSNA
16
Old Point Trust & Financial Services N A
Virginia
$1M – – –
Charles Schwab
17
Charles Schwab
California
$997K +$37.7K +2,532 +4%
California Public Employees Retirement System
18
California Public Employees Retirement System
California
$956K -$16.6K -1,115 -2%
AllianceBernstein
19
AllianceBernstein
Tennessee
$829K -$46.2K -3,100 -5%
CS
20
Credit Suisse
Switzerland
$792K +$89.6K +6,015 +13%
Morgan Stanley
21
Morgan Stanley
New York
$785K -$117K -7,838 -13%
SO
22
STRS Ohio
Ohio
$771K +$61.8K +4,150 +9%
PP
23
Palladium Partners
Virginia
$752K -$95.9K -6,443 -12%
California State Teachers Retirement System (CalSTRS)
24
California State Teachers Retirement System (CalSTRS)
California
$733K +$2.98K +200 +0.4%
DC
25
Davenport & Co
Virginia
$599K +$31.4K +2,108 +6%
1
2 3

TOWN Hedge Fund Activity: Q4 2013 in Review

63 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q4 2013, worth a combined $96.8M — up 13% from $85.4M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new TOWN positions and 9 closed out — a net gain of 1 holder — while 24 added to existing stakes and 20 trimmed.

The largest buyer was Ameriprise, adding an estimated $1.89M. The largest seller was Renaissance Technologies, exiting entirely with an estimated $477K sold.

  • 63 institutional investors held Towne Bank (TOWN) as of Q4 2013, up from 62 in Q3 2013.
  • Funds reported $96.8M of Towne Bank stock for Q4 2013, up 13% quarter-over-quarter.
  • 10 funds opened new Towne Bank positions in Q4 2013 and 9 closed out, a net change of +1 holder.
  • The largest Towne Bank buyer in Q4 2013 was Ameriprise, an estimated $1.89M added.
  • The largest Towne Bank seller in Q4 2013 was Renaissance Technologies, an estimated $477K sold.

Based on aggregated 13F filings for Q4 2013.