Towne Bank
TOWN
71 hedge funds and large institutions have $102M invested in Towne Bank in 2014 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 29 increasing their positions, 23 reducing their positions, and 5 closing their positions.
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
26% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 23
3% more funds holding
Funds holding: 69 → 71 (+2)
3% more capital invested
Capital invested by funds: $98.9M → $102M (+$2.63M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$976K |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$460K |
| 3 |
ZCM
Zebra Capital Management
Stamford,
Connecticut
|
+$317K |
| 4 |
D.E. Shaw & Co
New York
|
+$316K |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$311K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$617K |
| 2 |
Northern Trust
Chicago,
Illinois
|
-$473K |
| 3 |
WSTAM
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
|
-$301K |
| 4 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
-$300K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$226K |
TOWN Hedge Fund Activity: Q2 2014 in Review
71 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q2 2014, worth a combined $102M — up 2.7% from $98.9M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new TOWN positions and 5 closed out — a net gain of 2 holders — while 29 added to existing stakes and 23 trimmed.
The largest buyer was Ameriprise, adding an estimated $976K. The largest seller was Goldman Sachs, exiting entirely with an estimated $617K sold.
- 71 institutional investors held Towne Bank (TOWN) as of Q2 2014, up from 69 in Q1 2014.
- Funds reported $102M of Towne Bank stock for Q2 2014, up 2.7% quarter-over-quarter.
- 7 funds opened new Towne Bank positions in Q2 2014 and 5 closed out, a net change of +2 holders.
- The largest Towne Bank buyer in Q2 2014 was Ameriprise, an estimated $976K added.
- The largest Towne Bank seller in Q2 2014 was Goldman Sachs, an estimated $617K sold.
Based on aggregated 13F filings for Q2 2014.