Towne Bank
TOWN
101 hedge funds and large institutions have $280M invested in Towne Bank in 2015 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 41 increasing their positions, 27 reducing their positions, and 11 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
52% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 27
23% more capital invested
Capital invested by funds: $228M → $280M (+$52M)
3% less funds holding
Funds holding: 104 → 101 (-3)
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$13.9M |
| 2 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$2.45M |
| 3 |
CPIM
Columbia Partners Investment Management
Alexandria,
Virginia
|
+$1.82M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.41M |
| 5 |
PP
Prospector Partners
Guilford,
Connecticut
|
+$1.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LBS
Lawrence B. Seidman
|
-$6.93M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$2.31M |
| 3 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
-$1.34M |
| 4 |
Bank of New York Mellon
New York
|
-$790K |
| 5 |
Two Sigma Advisers
New York
|
-$755K |
TOWN Hedge Fund Activity: Q3 2015 in Review
101 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q3 2015, worth a combined $280M — up 23% from $228M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of TOWN and 9 opened new positions — a net loss of 2 holders — while 27 trimmed existing stakes and 41 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $13.9M. The largest seller was Lawrence B. Seidman, cutting an estimated $6.93M.
- 101 institutional investors held Towne Bank (TOWN) as of Q3 2015, down from 104 in Q2 2015.
- Funds reported $280M of Towne Bank stock for Q3 2015, up 23% quarter-over-quarter.
- 9 funds opened new Towne Bank positions in Q3 2015 and 11 closed out, a net change of -2 holders.
- The largest Towne Bank buyer in Q3 2015 was T. Rowe Price Associates, an estimated $13.9M added.
- The largest Towne Bank seller in Q3 2015 was Lawrence B. Seidman, an estimated $6.93M sold.
Based on aggregated 13F filings for Q3 2015.