Towne Bank
TOWN
143 hedge funds and large institutions have $831M invested in Towne Bank in 2019 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 39 increasing their positions, 41 reducing their positions, and 10 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
100% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 10
89% more call options, than puts
Call options by funds: $807K | Put options by funds: $428K
7% more funds holding
Funds holding: 134 → 143 (+9)
6% more capital invested
Capital invested by funds: $785M → $831M (+$46.6M)
1.14% more ownership
Funds ownership: 45.46% → 46.61% (+1.1%)
5% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 41
Top Buyers
| 1 |
RT
Reliance Trust
Atlanta,
Georgia
|
+$21.2M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.75M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.64M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.56M |
| 5 |
Renaissance Technologies
New York
|
+$1.52M |
Top Sellers
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$3.7M |
| 2 |
Morgan Stanley
New York
|
-$2.44M |
| 3 |
IA
IndexIQ Advisors
New York
|
-$1.49M |
| 4 |
Bank of New York Mellon
New York
|
-$1.47M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$1.2M |
TOWN Hedge Fund Activity: Q1 2019 in Review
143 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q1 2019, worth a combined $831M — up 5.9% from $785M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new TOWN positions and 10 closed out — a net gain of 10 holders — while 39 added to existing stakes and 41 trimmed.
The largest buyer was Reliance Trust, opening a new position worth an estimated $21.2M. The largest seller was T. Rowe Price Associates, cutting an estimated $3.7M.
- 143 institutional investors held Towne Bank (TOWN) as of Q1 2019, up from 134 in Q4 2018.
- Funds reported $831M of Towne Bank stock for Q1 2019, up 5.9% quarter-over-quarter.
- 20 funds opened new Towne Bank positions in Q1 2019 and 10 closed out, a net change of +10 holders.
- The largest Towne Bank buyer in Q1 2019 was Reliance Trust, an estimated $21.2M added.
- The largest Towne Bank seller in Q1 2019 was T. Rowe Price Associates, an estimated $3.7M sold.
Based on aggregated 13F filings for Q1 2019.