Towne Bank
TOWN
131 hedge funds and large institutions have $843M invested in Towne Bank in 2016 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 39 increasing their positions, 42 reducing their positions, and 19 closing their positions.
56% more capital invested
Capital invested by funds: $541M → $843M (+$302M)
51% more call options, than puts
Call options by funds: $3.28M | Put options by funds: $2.17M
40.65% more ownership
Funds ownership: 0% → 40.65% (+41%)
32% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 19
3% more funds holding
Funds holding: 127 → 131 (+4)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 42
Top Buyers
Top Sellers
| 1 |
LBS
Lawrence B. Seidman
|
-$14.7M |
| 2 |
MFP
Michael F. Price
|
-$6.34M |
| 3 |
PFC
Phocas Financial Corp
Alameda,
California
|
-$5.16M |
| 4 |
MFAM
Motley Fool Asset Management
Alexandria,
Virginia
|
-$4.32M |
| 5 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$3.46M |
TOWN Hedge Fund Activity: Q4 2016 in Review
131 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q4 2016, worth a combined $843M — up 56% from $541M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new TOWN positions and 19 closed out — a net gain of 6 holders — while 39 added to existing stakes and 42 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $33.6M. The largest seller was Lawrence B. Seidman, exiting entirely with an estimated $14.7M sold.
- 131 institutional investors held Towne Bank (TOWN) as of Q4 2016, up from 127 in Q3 2016.
- Funds reported $843M of Towne Bank stock for Q4 2016, up 56% quarter-over-quarter.
- 25 funds opened new Towne Bank positions in Q4 2016 and 19 closed out, a net change of +6 holders.
- The largest Towne Bank buyer in Q4 2016 was Fidelity Investments, an estimated $33.6M added.
- The largest Towne Bank seller in Q4 2016 was Lawrence B. Seidman, an estimated $14.7M sold.
Based on aggregated 13F filings for Q4 2016.