Vault-13

TOWNEBANK PORTSMOUTH VA TOWN

COM · Common Stock · CUSIP 89214P109

194 institutional holders +10 vs Q3 2023
41,115,79841.1m shares reported held*
$1.2bnreported value*
24 new 64 added 63 reduced 16 sold out net bought ≈ $44.9m (+1.5m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($5.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.77. Options: 3 managers hold calls ($665.9k notional), 2 hold puts ($20.8k).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 195Q4 22: 213Q1 23: 195Q2 23: 184Q3 23: 184Q4 23: 194194Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022195
Q4 2022213
Q1 2023195
Q2 2023184
Q3 2023184
Q4 2023194

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 92 bought or addedQ4 22: 83 cut or sold outQ4 22Q1 23: 78 bought or addedQ1 23: 94 cut or sold outQ1 23Q2 23: 80 bought or addedQ2 23: 90 cut or sold outQ2 23Q3 23: 76 bought or addedQ3 23: 78 cut or sold outQ3 23Q4 23: 88 bought or addedQ4 23: 79 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20229283
Q1 20237894
Q2 20238090
Q3 20237678
Q4 20238879

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$200k$400k$600k$800kQ1 23 calls: $137.6kQ1 23 puts: $55.0kQ1 23P/C 0.40Q2 23 calls: $212.8kQ2 23 puts: $619.5kQ2 23P/C 2.91Q3 23 calls: $712.5kQ3 23 puts: $29.8kQ3 23P/C 0.04Q4 23 calls: $665.9kQ4 23 puts: $20.8kQ4 23P/C 0.03
Numbers
QuarterCallsPutsP/C
Q1 2023$137.6k$55.0k0.40
Q2 2023$212.8k$619.5k2.91
Q3 2023$712.5k$29.8k0.04
Q4 2023$665.9k$20.8k0.03

Biggest buyers

MORGAN STANLEY Added +482,177+482.2k
JPMORGAN CHASE & CO Added +456,391+456.4k
BlackRock Inc. Added +329,542+329.5k
DIMENSIONAL FUND ADVISORS LP Added +162,347+162.3k
AMERICAN CENTURY COMPANIES INC Added +154,455+154.5k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +146,386+146.4k
CHARTWELL INVESTMENT PARTNERS, LLC Added +106,168+106.2k
BANK OF AMERICA CORP /DE/ Added +90,062+90.1k
Bank of New York Mellon Corp Added +86,767+86.8k
VICTORY CAPITAL MANAGEMENT INC Added +77,621+77.6k

Biggest sellers

TRUIST FINANCIAL CORP Reduced -316,907-316.9k
NORGES BANK Reduced -167,161-167.2k
TWO SIGMA INVESTMENTS, LP Reduced -112,938-112.9k
T. Rowe Price Investment Management, Inc. Reduced -97,675-97.7k
TWO SIGMA ADVISERS, LP Reduced -75,200-75.2k
Raymond James Financial Services Advisors, Inc. Reduced -64,977-65.0k
LSV ASSET MANAGEMENT Reduced -63,900-63.9k
ROYCE & ASSOCIATES LP Reduced -48,225-48.2k
FIRST TRUST ADVISORS LP Reduced -46,174-46.2k
MALTESE CAPITAL MANAGEMENT LLC Reduced -43,300-43.3k

Biggest calls

SIMPLEX TRADING, LLC Reduced $526.0k17.7k shares
CITADEL ADVISORS LLC Added $139.9k4.7k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $20.8k700 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 7,416,4077.4m $220.7m $220.7m 0.00% Added +7.3k +7,314
2 BlackRock Inc. 0.00% of their portfolio New York, NY 5,901,9245.9m $175.6m $175.6m 0.00% Added +329.5k +329,542
3 DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio AUSTIN, TX 4,036,8784.0m $120.1m $120.1m 0.04% Added +162.3k +162,347
4 T. Rowe Price Investment Management, Inc. 0.07% of their portfolio BALTIMORE, MD 3,862,0423.9m $114.9m $114.9m 0.07% Reduced -97.7k -97,675
5 NUANCE INVESTMENTS, LLC 1.64% of their portfolio Kansas City, MO 2,410,8272.4m $71.7m $71.7m 1.64% Added +38.8k +38,783
6 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,902,6881.9m $57.1m $57.1m 0.00% Added +65.7k +65,720
7 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 1,554,6151.6m $46.3m $46.3m 0.00% Added +67.2k +67,161
8 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 784,137784.1k $23.3m $23.3m 0.01% Added +31.8k +31,755
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 713,638713.6k $21.2m $21.2m 0.00% Added +456.4k +456,391
10 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 690,862690.9k $20.6m $20.6m 0.00% Added +16.1k +16,059
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 687,080687.1k $20.4m $20.4m 0.00% Added +482.2k +482,177
12 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 685,947685.9k $20.4m $20.4m 0.01% Added +154.5k +154,455
13 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 658,968659.0k $19.6m $19.6m 0.00% Reduced -41.6k -41,647
14 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 628,541628.5k $18.7m $18.7m 0.03% Reduced -21.7k -21,741
15 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 506,648506.6k $15.1m $15.1m 0.00% Added +86.8k +86,767
16 CHARTWELL INVESTMENT PARTNERS, LLC 0.46% of their portfolio BERYWN, PA 442,221442.2k $13.2m $13.2m 0.46% Added +106.2k +106,168
17 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 441,955442.0k $13.2m $13.2m 0.00% Reduced -12.4k -12,399
18 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 436,738436.7k $13.0m $13.0m 0.00% Added +8.6k +8,647
19 NORGES BANK 0.00% of their portfolio OSLO, Q8 364,617364.6k $10.9m $10.9m 0.00% Reduced -167.2k -167,161
20 LSV ASSET MANAGEMENT 0.02% of their portfolio CHICAGO, IL 353,323353.3k $10.5m $10.5m 0.02% Reduced -63.9k -63,900
21 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 349,931349.9k $10.4m $10.4m 0.00% Added +90.1k +90,062
22 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.19% of their portfolio HOUSTON, TX 302,605302.6k $9.0m $9.0m 0.19% Added +16.4k +16,405
23 ROYCE & ASSOCIATES LP 0.08% of their portfolio New York, NY 283,376283.4k $8.4m $8.4m 0.08% Reduced -48.2k -48,225
24 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 265,062265.1k $7.9m $7.9m 0.01% Added +77.6k +77,621
25 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 243,847243.8k $7.3m $7.3m 0.01% Added +146.4k +146,386
26 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.02% of their portfolio Los Angeles, CA 221,180221.2k $6.6m $6.6m 0.02% Reduced -2.0k -2,000
27 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 212,418212.4k $6.3m $6.3m 0.01% Reduced -46.2k -46,174
28 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 209,063209.1k $6.2m $6.2m 0.00% Reduced -3.6k -3,645
29 Empowered Funds, LLC 0.14% of their portfolio NEWTOWN SQUARE, PA 182,005182.0k $5.4m $5.4m 0.14% Added +16.4k +16,405
30 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 166,395166.4k $5.0m $5.0m 0.00% Added +59.2k +59,217
31 WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC 0.14% of their portfolio NORFOLK, VA 156,897156.9k $4.7m $4.7m 0.14% Reduced -4.1k -4,098
32 Swiss National Bank 0.00% of their portfolio ZURICH, V8 140,015140.0k $4.2m $4.2m 0.00% Reduced -16.2k -16,200
33 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 137,665137.7k $4.1m $4.1m 0.00% Added +1.2k +1,169
34 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 135,740135.7k $4.0m $4.0m 0.01% Reduced -3.7k -3,714
35 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 127,049127.0k $3.8m $3.8m 0.00% Added +10.5k +10,474
36 BUCKINGHAM STRATEGIC WEALTH, LLC 0.04% of their portfolio CLAYTON, MO 125,500125.5k $3.7m $3.7m 0.04% Added +935 +935
37 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 117,524117.5k $3.5m $3.5m 0.01% Added +5.2k +5,203
38 UBS Group AG 0.00% of their portfolio ZURICH, V8 106,156106.2k $3.2m $3.2m 0.00% Added +27.6k +27,641
39 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 100,224100.2k $3.0m $3.0m 0.00% Added +43.6k +43,650
40 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 96,06696.1k $2.9m $2.9m 0.01% Reduced -7.0k -7,025
41 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 94,39894.4k $2.8m $2.8m 0.00% Added +9.4k +9,360
42 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 92,23692.2k $2.7m $2.7m 0.00% Added +2.2k +2,200
43 DAVENPORT & Co LLC 0.02% of their portfolio RICHMOND, VA 86,87186.9k $2.6m $2.6m 0.02% Added +432 +432
44 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 85,00285.0k $2.5m $2.5m 0.00% Added +16.5k +16,486
45 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 79,84579.8k $2.4m $2.4m 0.00% Reduced -316.9k -316,907
46 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 79,72379.7k $2.4m $2.4m 0.01% Reduced -75.2k -75,200
47 Legal & General Group Plc 0.00% of their portfolio London, X0 76,38876.4k $2.3m $2.3m 0.00% Added +2.1k +2,102
48 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 74,82874.8k $2.2m $2.2m 0.00% Reduced -3.5k -3,507
49 MALTESE CAPITAL MANAGEMENT LLC 0.59% of their portfolio New York, NY 70,20070.2k $2.1m $2.1m 0.59% Reduced -43.3k -43,300
50 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 68,65068.7k $2.0m $2.0m 0.00% Reduced -65.0k -64,977
51 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 66,32866.3k $2.0m $2.0m 0.00% Added +4.4k +4,396
52 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 64,43064.4k $1.9m $1.9m 0.00% Reduced -2.5k -2,533
53 Rosenthal | Henry Capital Advisors, Inc. 2.11% of their portfolio MISHAWAKA, IN 62,00062.0k $1.8m $1.8m 2.11% Unchanged
54 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 53,43753.4k $1.6m $1.6m 0.00% Added +720 +720
55 Rafferty Asset Management, LLC 0.01% of their portfolio New York, NY 47,93347.9k $1.4m $1.4m 0.01% Added +12.7k +12,724
56 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 45,50245.5k $1.4m $1.4m 0.00% New
57 ENDEAVOUR CAPITAL ADVISORS INC 0.44% of their portfolio GREENWICH, CT 44,12944.1k $1.3m $1.3m 0.44% Added +27.5k +27,478
58 EQUITABLE TRUST CO 0.10% of their portfolio NASHVILLE, TN 42,81142.8k $1.3m $1.3m 0.10% Reduced -300 -300
59 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 41,83541.8k $1.2m $1.2m 0.00% Reduced -13.5k -13,475
60 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 40,35740.4k $1.2m $1.2m 0.00% Added +5.6k +5,570
61 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 38,86738.9k $1.2m $1.2m 0.01% Added +10.5k +10,513
62 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 38,58638.6k $1.1m $1.1m 0.00% Added +3.0k +3,022
63 Mariner, LLC 0.00% of their portfolio Overland Park, KS 38,43138.4k $1.1m $1.1m 0.00% Reduced -1.0k -1,016
64 HoldCo Asset Management, LP 3.14% of their portfolio FORT LAUDERDALE, FL 37,43737.4k $1.1m $1.1m 3.14% Unchanged
65 MetLife Investment Management, LLC 0.01% of their portfolio Whippany, NJ 36,78236.8k $1.1m $1.1m 0.01% Unchanged
66 Financial Security Advisor, Inc. 0.42% of their portfolio VIRGINIA BEACH, VA 35,97336.0k $1.1m $1.1m 0.42% Added +11 +11
67 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 35,72535.7k $1.1m $1.1m 0.00% Reduced -1.1k -1,066
68 AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio New York, NY 34,90834.9k $1.0m $1.0m 0.00% Reduced -141 -141
69 LEVEL FOUR ADVISORY SERVICES, LLC 0.06% of their portfolio DALLAS, TX 33,81133.8k $1.0m $1.0m 0.06% Unchanged
70 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 33,30033.3k $991.0k $991.0k 0.00% Reduced -866 -866
71 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 32,11132.1k $955.1k $955.1k 0.00% Reduced -54 -54
72 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 31,59631.6k $940.3k $940.3k 0.00% Added +1.3k +1,312
73 SALZHAUER MICHAEL 0.82% of their portfolio NEW YORK, NY 30,53330.5k $908.7k $908.7k 0.82% Reduced -622 -622
74 SummerHaven Investment Management, LLC 0.58% of their portfolio STAMFORD, CT 30,29130.3k $901.5k $901.5k 0.58% Added +364 +364
75 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 30,07730.1k $895.1k $895.1k 0.00% Reduced -10.4k -10,358
76 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 29,78129.8k $886.3k $886.3k 0.00% Reduced -2.4k -2,414
77 GSA CAPITAL PARTNERS LLP 0.07% of their portfolio LONDON, X0 29,50229.5k $878.0k $878.0k 0.07% New
78 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 29,44329.4k $876.2k $876.2k 0.00% Reduced -46 -46
79 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 28,99629.0k $862.9k $862.9k 0.00% Added +298 +298
80 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 28,05128.1k $836.0k $836.0k 0.00% Added +6.5k +6,541
81 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 26,76426.8k $796.5k $796.5k 0.00% New
82 CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.04% of their portfolio RICHMOND, VA 25,72725.7k $765.6k $765.6k 0.04% Reduced -15 -15
83 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 25,19425.2k $750.0k $750.0k 0.01% First filing
84 AMG National Trust Bank 0.02% of their portfolio GREENWOOD VILLAGE, CO 24,92824.9k $741.9k $741.9k 0.02% New
85 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 24,80924.8k $738.3k $738.3k 0.01% Reduced -195 -195
86 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 24,54924.5k $731.0k $731.0k 0.00% Reduced -2.4k -2,392
87 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 24,51224.5k $729.5k $729.5k 0.00% Unchanged
88 CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio TORONTO ONTARIO, A6 23,89623.9k $711.1k $711.1k 0.00% New
89 Towne Trust Company, N.A 0.28% of their portfolio NEWPORT NEWS, VA 23,07223.1k $686.6k $686.6k 0.28% Added +9.2k +9,210
90 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 22,86922.9k $680.6k $680.6k 0.01% Unchanged
91 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 22,58022.6k $672.0k $672.0k 0.00% Added +4.7k +4,676
92 Tower Research Capital LLC (TRC) 0.01% of their portfolio NEW YORK, NY 22,56922.6k $671.7k $671.7k 0.01% Added +21.3k +21,264
93 PBMares Wealth Management LLC 0.20% of their portfolio WILLIAMSBURG, VA 22,04522.0k $656.1k $656.1k 0.20% Reduced -24.8k -24,814
94 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 22,04122.0k $655.9k $655.9k 0.00% Reduced -689 -689
95 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 22,00622.0k $654.9k $654.9k 0.00% Added +1.9k +1,948
96 VISTA INVESTMENT MANAGEMENT 0.29% of their portfolio PITTSBURGH, PA 20,80020.8k $619.0k $619.0k 0.29% Reduced -262 -262
97 Sheaff Brock Investment Advisors, LLC 0.05% of their portfolio INDIANAPOLIS, IN 20,00020.0k $595.2k $595.2k 0.05% Unchanged
98 ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio PHOENIX, AZ 19,86619.9k $591.2k $591.2k 0.00% Reduced -369 -369
99 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 19,74319.7k $587.6k $587.6k 0.00% Reduced -5.6k -5,613
100 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 19,34519.3k $575.7k $575.7k 0.00% Reduced -12.8k -12,764