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Center Bancorp
CNOB

65 hedge funds and large institutions have $174M invested in Center Bancorp in 2014 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 30 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2% less capital invested

Capital invested by funds: $177M → $174M (-$3.2M)

13% less funds holding

Funds holding: 75 → 65 (-10)

33% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 30

63% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 16

Holders
65
Holders Change
-10
Holders Change %
-13.33%
% of All Funds
1.87%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
6
Increased
20
Reduced
30
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
ICOM
Investment Counselors of Maryland
Maryland
+$11.2M
2
Renaissance Technologies
Renaissance Technologies
New York
+$1.34M
3
EMFAT
Emerald Mutual Fund Advisers Trust
Pennsylvania
+$1.34M
4
CRC
Curi RMB Capital
Illinois
+$1.18M
5
CL
CSS LLC
Illinois
+$899K

Top Sellers

Rank Fund Capital Flow
1
CLG
Cooperman Leon G
-$10.4M
2
MCA
Mendon Capital Advisors
Florida
-$1.97M
3
Bank of New York Mellon
Bank of New York Mellon
New York
-$1.7M
4
CAM
ClariVest Asset Management
California
-$1.49M
5
CP
Clover Partners
Texas
-$1.36M
Name Holding Trade Value Shares
Change 		Change in
Stake
LSV Asset Management
26
LSV Asset Management
Illinois
$934K -$923K -49,506 -50%
CL
27
CSS LLC
Illinois
$927K +$899K +48,220 New
Morgan Stanley
28
Morgan Stanley
New York
$845K -$78.7K -4,219 -9%
BIM
29
BlackRock Investment Management
Delaware
$762K -$17.3K -928 -2%
EVM
30
Eaton Vance Management
Massachusetts
$681K -$1.85K -99 -0.3%
FCM
31
FJ Capital Management
Virginia
$663K – – –
CAM
32
Cortina Asset Management
Wisconsin
$645K +$54.3K +2,912 +10%
Prudential Financial
33
Prudential Financial
New Jersey
$622K +$30.1K +1,613 +5%
Stifel Financial
34
Stifel Financial
Missouri
$615K +$108K +5,812 +22%
RhumbLine Advisers
35
RhumbLine Advisers
Massachusetts
$566K +$86K +4,612 +26%
NI
36
Numeric Investors
Massachusetts
$552K -$575K -30,842 -52%
CCMH
37
Cornerstone Capital Management Holdings
New York
$492K -$76.5K -4,100 -14%
CONA
38
Capital One National Association
New York
$477K – – –
PPA
39
Parametric Portfolio Associates
Washington
$422K +$1.57K +84 +0.4%
California State Teachers Retirement System (CalSTRS)
40
California State Teachers Retirement System (CalSTRS)
California
$411K +$1.86K +100 +0.5%
T. Rowe Price Associates
41
T. Rowe Price Associates
Maryland
$373K – – –
BIG
42
Blackthorn Investment Group
Kansas
$362K -$140K -7,517 -29%
TA
43
Teachers Advisors
New York
$330K -$6.17K -331 -2%
BT
44
Beacon Trust
New Jersey
$326K -$32.6K -1,750 -9%
Charles Schwab
45
Charles Schwab
California
$312K – – –
NFA
46
Nationwide Fund Advisors
Ohio
$306K +$10.5K +561 +4%
MAA
47
Managed Account Advisors
New Jersey
$272K -$15.8K -847 -6%
CAM
48
ClariVest Asset Management
California
$228K -$1.49M -79,927 -87%
KAM
49
Keeley Asset Management
Illinois
$221K – – –
NCCM
50
Nine Chapters Capital Management
New Jersey
$208K +$201K +10,800 New
1
2
3 4

CNOB Hedge Fund Activity: Q2 2014 in Review

65 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q2 2014, worth a combined $174M — down 1.8% from $177M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of CNOB and 6 opened new positions — a net loss of 10 holders — while 30 trimmed existing stakes and 20 added.

The largest buyer was Investment Counselors of Maryland, adding an estimated $11.2M. The largest seller was Cooperman Leon G, exiting entirely with an estimated $10.4M sold.

  • 65 institutional investors held Center Bancorp (CNOB) as of Q2 2014, down from 75 in Q1 2014.
  • Funds reported $174M of Center Bancorp stock for Q2 2014, down 1.8% quarter-over-quarter.
  • 6 funds opened new Center Bancorp positions in Q2 2014 and 16 closed out, a net change of -10 holders.
  • The largest Center Bancorp buyer in Q2 2014 was Investment Counselors of Maryland, an estimated $11.2M added.
  • The largest Center Bancorp seller in Q2 2014 was Cooperman Leon G, an estimated $10.4M sold.

Based on aggregated 13F filings for Q2 2014.