Tower International, Inc.
TOWR
TOWR was delisted on the 27th of September, 2019.
137 hedge funds and large institutions have $407M invested in Tower International, Inc. in 2019 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 52 increasing their positions, 51 reducing their positions, and 19 closing their positions.
2% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 51
6% less funds holding
Funds holding: 145 → 137 (-8)
11% less capital invested
Capital invested by funds: $460M → $407M (-$52.8M)
32% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 19
71% less call options, than puts
Call options by funds: $86K | Put options by funds: $294K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$11.7M |
| 2 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$6.86M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
+$6.29M |
| 4 |
Millennium Management
New York
|
+$3.75M |
| 5 |
PP
Prudential plc
London, England,
United Kingdom
|
+$2.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$6.98M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$4.62M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$4.16M |
| 4 |
MCM
Matarin Capital Management
New York
|
-$3.73M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
-$2.96M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
State of Tennessee, Department of Treasury
Nashville,
Tennessee
| – | -$136K | -5,707 | Closed |
|
152
Macquarie Group
Sydney, NSW 2000,
Australia
| – | -$99K | -4,158 | Closed |
|
153
Parallax Volatility Advisers
San Francisco,
California
| – | -$42K | -1,760 | Closed |
|
154
Twin Tree Management
Dallas,
Texas
| – | -$3K | -146 | Closed |
|
|
FGAM
155
Financial Gravity Asset Management
Lakeway,
Texas
| – | +$231 | +9 | New |
|
TOWR Hedge Fund Activity: Q1 2019 in Review
137 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Tower International, Inc. (TOWR) for Q1 2019, worth a combined $407M — down 11% from $460M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of TOWR and 13 opened new positions — a net loss of 6 holders — while 51 trimmed existing stakes and 52 added.
The largest buyer was Royce & Associates, adding an estimated $11.7M. The largest seller was BlackRock, cutting an estimated $6.98M.
- 137 institutional investors held Tower International, Inc. (TOWR) as of Q1 2019, down from 145 in Q4 2018.
- Funds reported $407M of Tower International, Inc. stock for Q1 2019, down 11% quarter-over-quarter.
- 13 funds opened new Tower International, Inc. positions in Q1 2019 and 19 closed out, a net change of -6 holders.
- The largest Tower International, Inc. buyer in Q1 2019 was Royce & Associates, an estimated $11.7M added.
- The largest Tower International, Inc. seller in Q1 2019 was BlackRock, an estimated $6.98M sold.
Based on aggregated 13F filings for Q1 2019.