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Towne Bank
TOWN

141 hedge funds and large institutions have $959M invested in Towne Bank in 2019 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 54 increasing their positions, 33 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,164% more call options, than puts

Call options by funds: $1.48M | Put options by funds: $117K

64% more repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 33

0% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 16

1% less ownership

Funds ownership: 48.84% → 47.85% (-1%)

2% less capital invested

Capital invested by funds: $979M → $959M (-$19.8M)

3% less funds holding

Funds holding: 146 → 141 (-5)

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
141
Holders Change
-5
Holders Change %
-3.42%
% of All Funds
2.78%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
16
Increased
54
Reduced
33
Closed
16
Calls
$1.48M
Puts
$117K
Net Calls
+$1.36M
Net Calls Change
-$397K

Top Buyers

1
Vanguard Group
Vanguard Group
Pennsylvania
+$3.99M
2
Millennium Management
Millennium Management
New York
+$3.73M
3
Truist Financial
Truist Financial
North Carolina
+$3.7M
4
American Century Companies
American Century Companies
Missouri
+$3.06M
5
Morgan Stanley
Morgan Stanley
New York
+$2.68M

Top Sellers

1
NI
Nuance Investments
Missouri
-$10.2M
2
Bank of New York Mellon
Bank of New York Mellon
New York
-$5.1M
3
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$3.88M
4
Bank of America
Bank of America
North Carolina
-$1.53M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.24M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$165M +$3.99M +142,210 +2%
T. Rowe Price Associates
2
T. Rowe Price Associates
Maryland
$163M +$710K +25,314 +0.4%
BlackRock
3
BlackRock
New York
$140M -$473K -16,887 -0.3%
Dimensional Fund Advisors
4
Dimensional Fund Advisors
Texas
$75.6M +$1.01M +36,009 +1%
State Street
5
State Street
Massachusetts
$38M +$1.18M +42,105 +3%
Northern Trust
6
Northern Trust
Illinois
$35.2M -$326K -11,645 -0.9%
Goldman Sachs
7
Goldman Sachs
New York
$34.9M +$1.51M +53,874 +4%
Renaissance Technologies
8
Renaissance Technologies
New York
$34.3M +$1.54M +54,800 +5%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$24.8M +$895K +31,938 +4%
Millennium Management
10
Millennium Management
New York
$15.2M +$3.73M +133,043 +32%
American Century Companies
11
American Century Companies
Missouri
$15.2M +$3.06M +109,118 +25%
Truist Financial
12
Truist Financial
North Carolina
$15.1M +$3.7M +131,866 +32%
Norges Bank
13
Norges Bank
Norway
$13.7M – – –
Bank of New York Mellon
14
Bank of New York Mellon
New York
$13.7M -$5.1M -181,872 -27%
Ameriprise
15
Ameriprise
Minnesota
$12.2M +$110K +3,938 +0.9%
CIP
16
Chartwell Investment Partners
Pennsylvania
$11.7M +$71.5K +2,550 +0.6%
Charles Schwab
17
Charles Schwab
California
$11.1M +$224K +7,983 +2%
N
18
Nuveen
North Carolina
$9.81M +$1.57M +56,125 +19%
Bank of America
19
Bank of America
North Carolina
$6.96M -$1.53M -54,595 -18%
Fuller & Thaler Asset Management
20
Fuller & Thaler Asset Management
California
$5.42M +$69.3K +2,474 +1%
Morgan Stanley
21
Morgan Stanley
New York
$5.37M +$2.68M +95,790 +99%
First Trust Advisors
22
First Trust Advisors
Illinois
$4.93M +$2.44M +87,127 +97%
WSTAM
23
Wilbanks Smith & Thomas Asset Management
Virginia
$4.92M -$231K -8,228 -4%
California Public Employees Retirement System
24
California Public Employees Retirement System
California
$4.42M -$605K -21,578 -12%
Wells Fargo
25
Wells Fargo
California
$4.39M +$56.3K +2,008 +1%
1
2 3 4 5

TOWN Hedge Fund Activity: Q4 2019 in Review

141 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q4 2019, worth a combined $959M — down 2% from $979M a quarter earlier.

Fund positioning in TOWN was balanced in Q4 2019: 16 funds opened new positions, 16 closed out, 54 added to existing stakes and 33 trimmed.

The largest buyer was Vanguard Group, adding an estimated $3.99M. The largest seller was Nuance Investments, exiting entirely with an estimated $10.2M sold.

  • 141 institutional investors held Towne Bank (TOWN) as of Q4 2019, down from 146 in Q3 2019.
  • Funds reported $959M of Towne Bank stock for Q4 2019, down 2% quarter-over-quarter.
  • 16 funds opened new Towne Bank positions in Q4 2019 and 16 closed out, a net change of 0 holders.
  • The largest Towne Bank buyer in Q4 2019 was Vanguard Group, an estimated $3.99M added.
  • The largest Towne Bank seller in Q4 2019 was Nuance Investments, an estimated $10.2M sold.

Based on aggregated 13F filings for Q4 2019.