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Towne Bank
TOWN

63 hedge funds and large institutions have $94M 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

11% more capital invested

Capital invested by funds: $84.3M → $94M (+$9.66M)

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
1.82%
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

TOWN Hedge Fund Activity: Q4 2013 in Review

63 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q4 2013, worth a combined $94M — up 11% from $84.3M 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 $94M of Towne Bank stock for Q4 2013, up 11% 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.