Towne Bank
TOWN
104 hedge funds and large institutions have $228M invested in Towne Bank in 2015 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 37 increasing their positions, 32 reducing their positions, and 5 closing their positions.
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
16% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 32
5% more funds holding
Funds holding: 99 → 104 (+5)
1% more capital invested
Capital invested by funds: $225M → $228M (+$3.05M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCM
Olstein Capital Management
Purchase,
New York
|
+$2.32M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
+$2.04M |
| 3 |
PCM
Piermont Capital Management
St. Louis,
Missouri
|
+$1.28M |
| 4 |
New York State Common Retirement Fund
Albany,
New York
|
+$851K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$805K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$4.5M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.1M |
| 3 |
CIC
Cornercap Investment Counsel
Atlanta,
Georgia
|
-$1.08M |
| 4 |
NI
Nuance Investments
Kansas City,
Missouri
|
-$1.05M |
| 5 |
Two Sigma Investments
New York
|
-$573K |
TOWN Hedge Fund Activity: Q2 2015 in Review
104 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q2 2015, worth a combined $228M — up 1.4% from $225M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new TOWN positions and 5 closed out — a net gain of 5 holders — while 37 added to existing stakes and 32 trimmed.
The largest buyer was Olstein Capital Management, opening a new position worth an estimated $2.32M. The largest seller was Wellington Management Group, cutting an estimated $4.5M.
- 104 institutional investors held Towne Bank (TOWN) as of Q2 2015, up from 99 in Q1 2015.
- Funds reported $228M of Towne Bank stock for Q2 2015, up 1.4% quarter-over-quarter.
- 10 funds opened new Towne Bank positions in Q2 2015 and 5 closed out, a net change of +5 holders.
- The largest Towne Bank buyer in Q2 2015 was Olstein Capital Management, an estimated $2.32M added.
- The largest Towne Bank seller in Q2 2015 was Wellington Management Group, an estimated $4.5M sold.
Based on aggregated 13F filings for Q2 2015.