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Towne Bank
TOWN

211 hedge funds and large institutions have $1.13B invested in Towne Bank in 2024 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 58 increasing their positions, 70 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

129% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 14

74% more call options, than puts

Call options by funds: $162K | Put options by funds: $93K

9% more funds holding

Funds holding: 193 → 211 (+18)

0.92% less ownership

Funds ownership: 56.38% → 55.46% (-0.92%)

7% less capital invested

Capital invested by funds: $1.22B → $1.13B (-$88.3M)

17% less repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 70

Holders
211
Holders Change
+18
Holders Change %
+9.33%
% of All Funds
3.04%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
32
Increased
58
Reduced
70
Closed
14
Calls
$162K
Puts
$93K
Net Calls
+$69K
Net Calls Change
-$576K

Top Buyers

1
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$7.13M
2
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
+$4.86M
3
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
+$3.94M
4
Millennium Management
Millennium Management
New York
+$3.81M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$3.15M

Top Sellers

1
NI
Nuance Investments
Missouri
-$22.2M
2
BlackRock
BlackRock
New York
-$14.3M
3
Morgan Stanley
Morgan Stanley
New York
-$10.9M
4
Victory Capital Management
Victory Capital Management
Texas
-$3.46M
5
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
-$3.39M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$207M -$744K -26,782 -0.4%
BlackRock
2
BlackRock
New York
$151M -$14.3M -515,098 -9%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$116M +$3.15M +113,251 +3%
T. Rowe Price Investment Management
4
T. Rowe Price Investment Management
Maryland
$107M -$908K -32,673 -0.8%
State Street
5
State Street
Massachusetts
$56.1M +$2.19M +78,975 +4%
NI
6
Nuance Investments
Missouri
$45.3M -$22.2M -797,522 -33%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$44.5M +$886K +31,894 +2%
Charles Schwab
8
Charles Schwab
California
$22.8M +$790K +28,437 +4%
American Century Companies
9
American Century Companies
Missouri
$21.9M +$2.67M +96,286 +14%
Northern Trust
10
Northern Trust
Illinois
$19M -$388K -13,957 -2%
Goldman Sachs
11
Goldman Sachs
New York
$18.1M -$347K -12,495 -2%
Renaissance Technologies
12
Renaissance Technologies
New York
$17.7M +$44.4K +1,600 +0.3%
Ameriprise
13
Ameriprise
Minnesota
$14.1M +$1.81M +65,159 +15%
Arrowstreet Capital
14
Arrowstreet Capital
Massachusetts
$14M +$7.13M +256,745 +105%
Bank of New York Mellon
15
Bank of New York Mellon
New York
$13.6M -$635K -22,865 -5%
N
16
Nuveen
North Carolina
$12.4M +$24.5K +881 +0.2%
JP Morgan Chase
17
JP Morgan Chase
New York
$11.3M +$1.25M +44,889 +13%
CIP
18
Chartwell Investment Partners
Pennsylvania
$10.1M -$2.3M -82,955 -19%
Norges Bank
19
Norges Bank
Norway
$9.72M -$510K -18,367 -5%
Bank of America
20
Bank of America
North Carolina
$9.6M -$216K -7,790 -2%
RA
21
Royce & Associates
New York
$9.58M +$1.61M +58,045 +20%
LSV Asset Management
22
LSV Asset Management
Illinois
$9.16M -$746K -26,846 -8%
BCM
23
Bridgeway Capital Management
Texas
$8.91M +$413K +14,875 +5%
Morgan Stanley
24
Morgan Stanley
New York
$8.23M -$10.9M -393,894 -57%
EF
25
Empowered Funds
Pennsylvania
$5.52M +$413K +14,875 +8%
1
2 3 4 5

TOWN Hedge Fund Activity: Q1 2024 in Review

211 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Towne Bank (TOWN) for Q1 2024, worth a combined $1.13B — down 7.2% from $1.22B a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new TOWN positions and 14 closed out — a net gain of 18 holders — while 58 added to existing stakes and 70 trimmed.

The largest buyer was Arrowstreet Capital, adding an estimated $7.13M. The largest seller was Nuance Investments, cutting an estimated $22.2M.

  • 211 institutional investors held Towne Bank (TOWN) as of Q1 2024, up from 193 in Q4 2023.
  • Funds reported $1.13B of Towne Bank stock for Q1 2024, down 7.2% quarter-over-quarter.
  • 32 funds opened new Towne Bank positions in Q1 2024 and 14 closed out, a net change of +18 holders.
  • The largest Towne Bank buyer in Q1 2024 was Arrowstreet Capital, an estimated $7.13M added.
  • The largest Towne Bank seller in Q1 2024 was Nuance Investments, an estimated $22.2M sold.

Based on aggregated 13F filings for Q1 2024.