Towne Bank
TOWN
106 hedge funds and large institutions have $314M 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.
96% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 25
5% less funds holding
Funds holding: 111 → 106 (-5)
7% less capital invested
Capital invested by funds: $336M → $314M (-$22.2M)
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$10.5M |
| 2 |
Bank of New York Mellon
New York
|
+$4.58M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.14M |
| 4 |
MCM
Maltese Capital Management
New York
|
+$2.13M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFP
Michael F. Price
|
-$11.8M |
| 2 |
CEI
Clark Estates Inc
New York
|
-$2.72M |
| 3 |
CPIM
Columbia Partners Investment Management
Alexandria,
Virginia
|
-$2.33M |
| 4 |
FPA
First Pacific Advisors
El Segundo,
California
|
-$1.8M |
| 5 |
PCM
Piermont Capital Management
St. Louis,
Missouri
|
-$1.71M |
TOWN Hedge Fund Activity: Q1 2016 in Review
106 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q1 2016, worth a combined $314M — down 6.6% from $336M 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 $314M of Towne Bank stock for Q1 2016, down 6.6% 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.