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Towne Bank
TOWN

106 hedge funds and large institutions have $307M invested in Towne Bank in 2016 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 49 increasing their positions, 25 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

96% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 25

5% less funds holding

Funds holding: 111 → 106 (-5)

8% less capital invested

Capital invested by funds: $335M → $307M (-$28.3M)

25% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 20

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
106
Holders Change
-5
Holders Change %
-4.5%
% of All Funds
2.82%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
15
Increased
49
Reduced
25
Closed
20
Calls
$202K
Puts
–
Net Calls
+$202K
Net Calls Change
+$202K

Top Buyers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$10.5M
2
Bank of New York Mellon
Bank of New York Mellon
New York
+$4.58M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$2.14M
4
MCM
Maltese Capital Management
New York
+$2.13M
5
AQR Capital Management
AQR Capital Management
Connecticut
+$1.5M

Top Sellers

1
MFP
Michael F. Price
-$11.8M
2
CEI
Clark Estates Inc
New York
-$2.72M
3
CPIM
Columbia Partners Investment Management
Virginia
-$2.33M
4
FPA
First Pacific Advisors
California
-$1.8M
5
PCM
Piermont Capital Management
Missouri
-$1.71M
Name Holding Trade Value Shares
Change 		Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$50.9M +$10.5M +568,964 +27%
Vanguard Group
2
Vanguard Group
Pennsylvania
$32M +$2.14M +115,554 +7%
BIT
3
BlackRock Institutional Trust
California
$23.2M +$460K +24,839 +2%
BFA
4
BlackRock Fund Advisors
California
$22.2M -$591K -31,956 -3%
Dimensional Fund Advisors
5
Dimensional Fund Advisors
Texas
$20.8M -$14.8K -800 -0.1%
LBS
6
Lawrence B. Seidman
$17.2M +$653K +35,300 +4%
State Street
7
State Street
Massachusetts
$14.5M +$698K +37,751 +5%
Renaissance Technologies
8
Renaissance Technologies
New York
$13.5M +$938K +50,681 +8%
Northern Trust
9
Northern Trust
Illinois
$9.7M +$215K +11,627 +2%
MFP
10
Michael F. Price
$9.6M -$11.8M -638,575 -56%
Bank of New York Mellon
11
Bank of New York Mellon
New York
$9.18M +$4.58M +247,609 +107%
Ameriprise
12
Ameriprise
Minnesota
$7.2M -$591K -31,964 -8%
Charles Schwab
13
Charles Schwab
California
$3.5M +$221K +11,961 +7%
BIM
14
BlackRock Investment Management
Delaware
$3.46M +$70.6K +3,816 +2%
WSTAM
15
Wilbanks Smith & Thomas Asset Management
Virginia
$3.25M – – –
TCIM
16
TIAA CREF Investment Management
New York
$2.94M +$107K +5,777 +4%
BGIM
17
Brandywine Global Investment Management
Pennsylvania
$2.86M +$113K +6,112 +4%
Morgan Stanley
18
Morgan Stanley
New York
$2.84M +$46.2K +2,500 +2%
MFWM
19
Motley Fool Wealth Management
Virginia
$2.48M +$810K +43,805 +51%
AQR Capital Management
20
AQR Capital Management
Connecticut
$2.35M +$1.5M +80,949 +195%
California Public Employees Retirement System
21
California Public Employees Retirement System
California
$2.28M -$203K -11,000 -8%
MCM
22
Maltese Capital Management
New York
$2.21M +$2.13M +115,000 New
LSV Asset Management
23
LSV Asset Management
Illinois
$2.02M -$70.3K -3,800 -3%
CS
24
Credit Suisse
Switzerland
$2M +$1.12M +60,320 +137%
BCA
25
Benchmark Capital Advisors
New York
$1.98M -$111K -6,000 -5%
1
2 3 4 5

TOWN Hedge Fund Activity: Q1 2016 in Review

106 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q1 2016, worth a combined $307M — down 8.4% from $335M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of TOWN and 15 opened new positions — a net loss of 5 holders — while 25 trimmed existing stakes and 49 added.

The largest buyer was T. Rowe Price Associates, adding an estimated $10.5M. The largest seller was Michael F. Price, cutting an estimated $11.8M.

  • 106 institutional investors held Towne Bank (TOWN) as of Q1 2016, down from 111 in Q4 2015.
  • Funds reported $307M of Towne Bank stock for Q1 2016, down 8.4% quarter-over-quarter.
  • 15 funds opened new Towne Bank positions in Q1 2016 and 20 closed out, a net change of -5 holders.
  • The largest Towne Bank buyer in Q1 2016 was T. Rowe Price Associates, an estimated $10.5M added.
  • The largest Towne Bank seller in Q1 2016 was Michael F. Price, an estimated $11.8M sold.

Based on aggregated 13F filings for Q1 2016.