Towne Bank
TOWN
109 hedge funds and large institutions have $825M invested in Towne Bank in 2017 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 47 increasing their positions, 32 reducing their positions, and 17 closing their positions.
47% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 32
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.24% less ownership
Funds ownership: 43.06% → 42.82% (-0.24%)
5% less capital invested
Capital invested by funds: $868M → $825M (-$43.1M)
11% less funds holding
Funds holding: 123 → 109 (-14)
58% less call options, than puts
Call options by funds: $403K | Put options by funds: $970K
76% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 17
Top Buyers
| 1 |
CIP
Chartwell Investment Partners
Berywn,
Pennsylvania
|
+$5.58M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$4.91M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.75M |
| 4 |
State Street
Boston,
Massachusetts
|
+$2.44M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$2.23M |
Top Sellers
TOWN Hedge Fund Activity: Q2 2017 in Review
109 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q2 2017, worth a combined $825M — down 5% from $868M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of TOWN and 4 opened new positions — a net loss of 13 holders — while 32 trimmed existing stakes and 47 added.
The largest buyer was Chartwell Investment Partners, opening a new position worth an estimated $5.58M. The largest seller was Principal Financial Group, cutting an estimated $5.04M.
- 109 institutional investors held Towne Bank (TOWN) as of Q2 2017, down from 123 in Q1 2017.
- Funds reported $825M of Towne Bank stock for Q2 2017, down 5% quarter-over-quarter.
- 4 funds opened new Towne Bank positions in Q2 2017 and 17 closed out, a net change of -13 holders.
- The largest Towne Bank buyer in Q2 2017 was Chartwell Investment Partners, an estimated $5.58M added.
- The largest Towne Bank seller in Q2 2017 was Principal Financial Group, an estimated $5.04M sold.
Based on aggregated 13F filings for Q2 2017.