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Center Bancorp
CNOB

66 hedge funds and large institutions have $65.6M invested in Center Bancorp in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 19 increasing their positions, 23 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

225% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 4

17% more capital invested

Capital invested by funds: $55.9M → $65.6M (+$9.69M)

16% more funds holding

Funds holding: 57 → 66 (+9)

17% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 23

Holders
66
Holders Change
+9
Holders Change %
+15.79%
% of All Funds
2.14%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
19
Reduced
23
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
ECA
Endeavour Capital Advisors
Connecticut
+$1.14M
2
MPAM
Monarch Partners Asset Management
Massachusetts
+$702K
3
EVM
Eaton Vance Management
Massachusetts
+$586K
4
CAM
ClariVest Asset Management
California
+$573K
5
BFA
BlackRock Fund Advisors
California
+$529K

Top Sellers

Rank Fund Capital Flow
1
BFC
Banc Funds Company
Illinois
-$1.92M
2
JAM
Jacobs Asset Management
New York
-$405K
3
Invesco
Invesco
Georgia
-$343K
4
HighTower Advisors
HighTower Advisors
Illinois
-$184K
5
MA
MUFG Americas
New York
-$184K
Name Holding Trade Value Shares
Change 		Change in
Stake
Invesco
26
Invesco
Georgia
$496K -$343K -23,810 -41%
ZIM
27
Zacks Investment Management
Illinois
$451K +$457K +31,693 New
NFA
28
Nationwide Fund Advisors
Ohio
$450K +$230K +15,930 +102%
California Public Employees Retirement System
29
California Public Employees Retirement System
California
$439K +$19.2K +1,334 +5%
Federated Hermes
30
Federated Hermes
Pennsylvania
$357K -$23.3K -1,616 -6%
CONA
31
Capital One National Association
New York
$353K – – –
BT
32
Beacon Trust
New Jersey
$345K -$25K -1,736 -7%
California State Teachers Retirement System (CalSTRS)
33
California State Teachers Retirement System (CalSTRS)
California
$303K +$11.1K +768 +4%
Prudential Financial
34
Prudential Financial
New Jersey
$294K +$297K +20,619 New
DM
35
Delphi Management
Massachusetts
$283K +$287K +19,887 New
WCM
36
Wedge Capital Management
North Carolina
$279K +$283K +19,600 New
T. Rowe Price Associates
37
T. Rowe Price Associates
Maryland
$276K -$7.21K -500 -3%
RhumbLine Advisers
38
RhumbLine Advisers
Massachusetts
$272K -$1.54K -107 -0.6%
BIG
39
Blackthorn Investment Group
Kansas
$262K +$52K +3,604 +24%
MAA
40
Managed Account Advisors
New Jersey
$260K +$263K +18,268 New
EMFAT
41
Emerald Mutual Fund Advisers Trust
Pennsylvania
$252K – – –
Charles Schwab
42
Charles Schwab
California
$231K – – –
TA
43
Teachers Advisors
New York
$218K -$1.35K -94 -0.6%
PPA
44
Parametric Portfolio Associates
Washington
$189K +$25.9K +1,793 +16%
MLICM
45
Metropolitan Life Insurance Company (MetLife)
New York
$147K +$149K +10,331 New
HCM
46
Highlander Capital Management
New Jersey
$122K – – –
BA
47
BlackRock Advisors
Delaware
$116K -$389 -27 -0.3%
AIG
48
American International Group
New York
$112K -$4.22K -293 -4%
RFC
49
Russell Frank Company
Washington
$110K +$48K +3,328 +76%
ST
50
Smithfield Trust
Pennsylvania
$110K +$111K +7,690 New
1
2
3

CNOB Hedge Fund Activity: Q3 2013 in Review

66 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q3 2013, worth a combined $65.6M — up 17% from $55.9M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new CNOB positions and 4 closed out — a net gain of 9 holders — while 19 added to existing stakes and 23 trimmed.

The largest buyer was Endeavour Capital Advisors, opening a new position worth an estimated $1.14M. The largest seller was Banc Funds Company, cutting an estimated $1.92M.

  • 66 institutional investors held Center Bancorp (CNOB) as of Q3 2013, up from 57 in Q2 2013.
  • Funds reported $65.6M of Center Bancorp stock for Q3 2013, up 17% quarter-over-quarter.
  • 13 funds opened new Center Bancorp positions in Q3 2013 and 4 closed out, a net change of +9 holders.
  • The largest Center Bancorp buyer in Q3 2013 was Endeavour Capital Advisors, an estimated $1.14M added.
  • The largest Center Bancorp seller in Q3 2013 was Banc Funds Company, an estimated $1.92M sold.

Based on aggregated 13F filings for Q3 2013.