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Towne Bank

69 hedge funds and large institutions have $102M invested in Towne Bank in 2014 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 26 increasing their positions, 18 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 3

44% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 18

10% more funds holding

Funds holding: 6369 (+6)

5% more capital invested

Capital invested by funds: $96.8M → $102M (+$4.93M)

Holders
69
Holders Change
+6
Holders Change %
+9.52%
% of All Funds
1.99%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
9
Increased
26
Reduced
18
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BIT
1
BlackRock Institutional Trust
California
$14.1M +$550K +36,209 +4%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$13.1M +$16.5K +1,084 +0.1%
Vanguard Group
3
Vanguard Group
Pennsylvania
$11.6M +$274K +18,055 +2%
BFA
4
BlackRock Fund Advisors
California
$11.4M +$59.3K +3,899 +0.5%
State Street
5
State Street
Massachusetts
$6.93M -$20.1K -1,323 -0.3%
Northern Trust
6
Northern Trust
Illinois
$5.54M -$372K -24,458 -6%
BTS
7
BB&T Securities
Virginia
$3.5M
WSTAM
8
Wilbanks Smith & Thomas Asset Management
Virginia
$3.34M +$316K +20,797 +11%
Ameriprise
9
Ameriprise
Minnesota
$3.25M +$1.22M +80,169 +62%
Bank of New York Mellon
10
Bank of New York Mellon
New York
$2.8M -$73.9K -4,864 -3%
NI
11
Nuance Investments
Missouri
$2.71M +$887K +58,354 +50%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$2.23M +$443K +29,164 +25%
TCIM
13
TIAA CREF Investment Management
New York
$1.91M
BIM
14
BlackRock Investment Management
Delaware
$1.41M +$14.2K +937 +1%
PPA
15
Parametric Portfolio Associates
Washington
$1.21M -$304 -20 -0%
Charles Schwab
16
Charles Schwab
California
$1.04M +$31.9K +2,100 +3%
OPTFSNA
17
Old Point Trust & Financial Services N A
Virginia
$1.01M
AllianceBernstein
18
AllianceBernstein
Tennessee
$778K -$56.2K -3,700 -7%
PP
19
Palladium Partners
Virginia
$778K +$19.5K +1,280 +3%
California Public Employees Retirement System
20
California Public Employees Retirement System
California
$744K -$228K -15,000 -24%
SO
21
STRS Ohio
Ohio
$741K -$35K -2,300 -5%
California State Teachers Retirement System (CalSTRS)
22
California State Teachers Retirement System (CalSTRS)
California
$738K
Morgan Stanley
23
Morgan Stanley
New York
$734K -$57K -3,750 -7%
CS
24
Credit Suisse
Switzerland
$725K -$71.4K -4,699 -9%
DC
25
Davenport & Co
Virginia
$635K +$30.7K +2,017 +5%

TOWN Hedge Fund Activity: Q1 2014 in Review

69 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q1 2014, worth a combined $102M — up 5.1% from $96.8M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new TOWN positions and 3 closed out — a net gain of 6 holders — while 26 added to existing stakes and 18 trimmed.

The largest buyer was Ameriprise, adding an estimated $1.22M. The largest seller was Northern Trust, cutting an estimated $372K.

  • 69 institutional investors held Towne Bank (TOWN) as of Q1 2014, up from 63 in Q4 2013.
  • Funds reported $102M of Towne Bank stock for Q1 2014, up 5.1% quarter-over-quarter.
  • 9 funds opened new Towne Bank positions in Q1 2014 and 3 closed out, a net change of +6 holders.
  • The largest Towne Bank buyer in Q1 2014 was Ameriprise, an estimated $1.22M added.
  • The largest Towne Bank seller in Q1 2014 was Northern Trust, an estimated $372K sold.

Based on aggregated 13F filings for Q1 2014.