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Towne Bank
TOWN

79 hedge funds and large institutions have $116M invested in Towne Bank in 2014 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 29 increasing their positions, 19 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

53% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 19

18% more capital invested

Capital invested by funds: $98.5M → $116M (+$17.8M)

1% more funds holding

Funds holding: 78 → 79 (+1)

Holders
79
Holders Change
+1
Holders Change %
+1.28%
% of All Funds
2.11%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
29
Reduced
19
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FP
Foundry Partners
Minnesota
+$1.87M
2
BFA
BlackRock Fund Advisors
California
+$1.59M
3
BCA
Benchmark Capital Advisors
New York
+$1.12M
4
California Public Employees Retirement System
California Public Employees Retirement System
California
+$1.05M
5
LSV Asset Management
LSV Asset Management
Illinois
+$854K

Top Sellers

Rank Fund Capital Flow
1
NI
Nuance Investments
Missouri
-$759K
2
Millennium Management
Millennium Management
New York
-$219K
3
Stifel Financial
Stifel Financial
Missouri
-$187K
4
ProShare Advisors
ProShare Advisors
Maryland
-$158K
5
BTS
BB&T Securities
Virginia
-$153K
Name Holding Trade Value Shares
Change 		Change in
Stake
BIT
1
BlackRock Institutional Trust
California
$13.9M -$124K -8,378 -0.9%
Vanguard Group
2
Vanguard Group
Pennsylvania
$12.8M +$467K +31,662 +4%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$12.7M +$81.6K +5,536 +0.7%
BFA
4
BlackRock Fund Advisors
California
$12.2M +$1.59M +107,637 +15%
Ameriprise
5
Ameriprise
Minnesota
$6.98M +$139K +9,400 +2%
State Street
6
State Street
Massachusetts
$6.88M +$89K +6,034 +1%
Northern Trust
7
Northern Trust
Illinois
$4.95M -$117K -7,956 -2%
BTS
8
BB&T Securities
Virginia
$4.71M -$153K -10,407 -25%
Bank of New York Mellon
9
Bank of New York Mellon
New York
$3.13M +$239K +16,190 +8%
WSTAM
10
Wilbanks Smith & Thomas Asset Management
Virginia
$2.95M -$20.7K -1,403 -0.7%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$2.53M -$13.3K -899 -0.5%
TCIM
12
TIAA CREF Investment Management
New York
$2.1M +$34.4K +2,331 +2%
FP
13
Foundry Partners
Minnesota
$1.92M +$1.87M +126,795 New
California Public Employees Retirement System
14
California Public Employees Retirement System
California
$1.9M +$1.05M +71,219 +139%
BIM
15
BlackRock Investment Management
Delaware
$1.47M -$6.47K -439 -0.5%
Charles Schwab
16
Charles Schwab
California
$1.18M +$32.4K +2,196 +3%
LSV Asset Management
17
LSV Asset Management
Illinois
$1.15M +$854K +57,932 +317%
BCA
18
Benchmark Capital Advisors
New York
$1.14M +$1.12M +75,658 New
NI
19
Nuance Investments
Missouri
$1.02M -$759K -51,490 -43%
OPTFSNA
20
Old Point Trust & Financial Services N A
Virginia
$987K – – –
LNC
21
Lincoln National Corp
Pennsylvania
$966K +$85.8K +5,822 +10%
PPA
22
Parametric Portfolio Associates
Washington
$957K -$131K -8,874 -12%
PP
23
Palladium Partners
Virginia
$837K – – –
California State Teachers Retirement System (CalSTRS)
24
California State Teachers Retirement System (CalSTRS)
California
$828K +$3.44K +233 +0.4%
JAM
25
Jacobs Asset Management
New York
$823K +$802K +54,434 New
1
2 3 4

TOWN Hedge Fund Activity: Q4 2014 in Review

79 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q4 2014, worth a combined $116M — up 18% from $98.5M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new TOWN positions and 5 closed out — a net gain of 3 holders — while 29 added to existing stakes and 19 trimmed.

The largest buyer was Foundry Partners, opening a new position worth an estimated $1.87M. The largest seller was Nuance Investments, cutting an estimated $759K.

  • 79 institutional investors held Towne Bank (TOWN) as of Q4 2014, up from 78 in Q3 2014.
  • Funds reported $116M of Towne Bank stock for Q4 2014, up 18% quarter-over-quarter.
  • 8 funds opened new Towne Bank positions in Q4 2014 and 5 closed out, a net change of +3 holders.
  • The largest Towne Bank buyer in Q4 2014 was Foundry Partners, an estimated $1.87M added.
  • The largest Towne Bank seller in Q4 2014 was Nuance Investments, an estimated $759K sold.

Based on aggregated 13F filings for Q4 2014.