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Towne Bank
TOWN

193 hedge funds and large institutions have $1.22B invested in Towne Bank in 2023 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 64 increasing their positions, 63 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

3,071% more call options, than puts

Call options by funds: $666K | Put options by funds: $21K

81% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 16

33% more capital invested

Capital invested by funds: $913M → $1.22B (+$305M)

5% more funds holding

Funds holding: 183 → 193 (+10)

1.55% more ownership

Funds ownership: 54.82% → 56.38% (+1.6%)

2% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 63

Holders
193
Holders Change
+10
Holders Change %
+5.46%
% of All Funds
2.81%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
29
Increased
64
Reduced
63
Closed
16
Calls
$666K
Puts
$21K
Net Calls
+$645K
Net Calls Change
-$38K

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$12.5M
2
BlackRock
BlackRock
New York
+$8.55M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$4.21M
4
American Century Companies
American Century Companies
Missouri
+$4.01M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$3.8M

Top Sellers

1
Truist Financial
Truist Financial
North Carolina
-$8.22M
2
Norges Bank
Norges Bank
Norway
-$4.33M
3
Two Sigma Investments
Two Sigma Investments
New York
-$2.93M
4
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$2.53M
5
Two Sigma Advisers
Two Sigma Advisers
New York
-$1.95M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$221M +$190K +7,314 +0.1%
BlackRock
2
BlackRock
New York
$176M +$8.55M +329,542 +6%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$120M +$4.21M +162,347 +4%
T. Rowe Price Investment Management
4
T. Rowe Price Investment Management
Maryland
$115M -$2.53M -97,675 -2%
NI
5
Nuance Investments
Missouri
$71.7M +$1.01M +38,783 +2%
State Street
6
State Street
Massachusetts
$57.1M +$1.7M +65,720 +4%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$46.3M +$1.74M +67,161 +5%
Charles Schwab
8
Charles Schwab
California
$23.3M +$823K +31,755 +4%
Northern Trust
9
Northern Trust
Illinois
$20.6M +$416K +16,059 +2%
Morgan Stanley
10
Morgan Stanley
New York
$20.4M +$12.5M +482,177 +235%
American Century Companies
11
American Century Companies
Missouri
$20.4M +$4.01M +154,455 +29%
Goldman Sachs
12
Goldman Sachs
New York
$19.6M -$1.08M -41,647 -6%
Renaissance Technologies
13
Renaissance Technologies
New York
$18.7M -$564K -21,741 -3%
Bank of New York Mellon
14
Bank of New York Mellon
New York
$15.1M +$2.25M +86,767 +21%
CIP
15
Chartwell Investment Partners
Pennsylvania
$13.2M +$2.75M +106,168 +32%
N
16
Nuveen
North Carolina
$13.2M -$322K -12,399 -3%
Ameriprise
17
Ameriprise
Minnesota
$13M +$224K +8,647 +2%
Norges Bank
18
Norges Bank
Norway
$10.9M -$4.33M -167,161 -31%
JP Morgan Chase
19
JP Morgan Chase
New York
$10.6M +$2.58M +99,572 +39%
LSV Asset Management
20
LSV Asset Management
Illinois
$10.5M -$1.66M -63,900 -15%
Bank of America
21
Bank of America
North Carolina
$10.4M +$2.34M +90,062 +35%
BCM
22
Bridgeway Capital Management
Texas
$9.01M +$425K +16,405 +6%
RA
23
Royce & Associates
New York
$8.43M -$1.25M -48,225 -15%
Victory Capital Management
24
Victory Capital Management
Texas
$7.89M +$2.01M +77,621 +41%
Arrowstreet Capital
25
Arrowstreet Capital
Massachusetts
$7.26M +$3.8M +146,386 +150%
1
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TOWN Hedge Fund Activity: Q4 2023 in Review

193 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q4 2023, worth a combined $1.22B — up 33% from $913M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new TOWN positions and 16 closed out — a net gain of 13 holders — while 64 added to existing stakes and 63 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $12.5M. The largest seller was Truist Financial, cutting an estimated $8.22M.

  • 193 institutional investors held Towne Bank (TOWN) as of Q4 2023, up from 183 in Q3 2023.
  • Funds reported $1.22B of Towne Bank stock for Q4 2023, up 33% quarter-over-quarter.
  • 29 funds opened new Towne Bank positions in Q4 2023 and 16 closed out, a net change of +13 holders.
  • The largest Towne Bank buyer in Q4 2023 was Morgan Stanley, an estimated $12.5M added.
  • The largest Towne Bank seller in Q4 2023 was Truist Financial, an estimated $8.22M sold.

Based on aggregated 13F filings for Q4 2023.