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Center Bancorp
CNOB

87 hedge funds and large institutions have $287M invested in Center Bancorp in 2014 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 40 increasing their positions, 9 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

344% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 9

220% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 10

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

65% more capital invested

Capital invested by funds: $174M → $287M (+$114M)

34% more funds holding

Funds holding: 65 → 87 (+22)

Holders
87
Holders Change
+22
Holders Change %
+33.85%
% of All Funds
2.52%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.09%
New
32
Increased
40
Reduced
9
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
+$26.9M
2
EC
EJF Capital
Virginia
+$15.5M
3
Brown Advisory
Brown Advisory
Maryland
+$10.9M
4
MCA
Mendon Capital Advisors
Florida
+$10.8M
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$8.82M

Top Sellers

Rank Fund Capital Flow
1
LBS
Lawrence B. Seidman
-$45.3M
2
CEI
Clark Estates Inc
New York
-$4.63M
3
ECA
Endeavour Capital Advisors
Connecticut
-$1.61M
4
FP
Foundry Partners
Minnesota
-$1.14M
5
CL
CSS LLC
Illinois
-$927K
Name Holding Trade Value Shares
Change 		Change in
Stake
CRC
26
Curi RMB Capital
Illinois
$2.86M +$1.67M +86,667 +137%
CEI
27
Clark Estates Inc
New York
$2.84M -$4.63M -239,764 -62%
Bank of New York Mellon
28
Bank of New York Mellon
New York
$2.42M +$2.45M +126,807 New
EI
29
EAM Investors
California
$2.12M – – –
Geode Capital Management
30
Geode Capital Management
Massachusetts
$1.88M +$600K +31,086 +46%
MAA
31
Managed Account Advisors
New Jersey
$1.86M +$1.61M +83,327 +587%
TCIM
32
TIAA CREF Investment Management
New York
$1.78M +$596K +30,882 +49%
GC
33
Guggenheim Capital
Illinois
$1.74M +$1.76M +91,066 New
JP Morgan Chase
34
JP Morgan Chase
New York
$1.69M +$715K +37,000 +72%
FCM
35
FJ Capital Management
Virginia
$1.61M +$966K +50,000 +145%
BCA
36
Benchmark Capital Advisors
New York
$1.56M -$384K -19,900 -20%
BIM
37
BlackRock Investment Management
Delaware
$1.43M +$681K +35,257 +89%
Citadel Advisors
38
Citadel Advisors
Florida
$1.23M +$1.25M +64,624 New
MPAM
39
Monarch Partners Asset Management
Massachusetts
$1.16M +$1.18M +60,892 New
Morgan Stanley
40
Morgan Stanley
New York
$1.05M +$220K +11,409 +26%
Deutsche Bank
41
Deutsche Bank
Germany
$999K -$84.5K -4,374 -8%
LSV Asset Management
42
LSV Asset Management
Illinois
$925K – – –
California State Teachers Retirement System (CalSTRS)
43
California State Teachers Retirement System (CalSTRS)
California
$797K +$394K +20,421 +95%
BCM
44
Bridgeway Capital Management
Texas
$770K -$170K -8,800 -18%
CAM
45
Cortina Asset Management
Wisconsin
$748K +$110K +5,714 +17%
ST
46
Smithfield Trust
Pennsylvania
$668K +$542K +28,039 +397%
California Public Employees Retirement System
47
California Public Employees Retirement System
California
$661K +$670K +34,700 New
TA
48
Teachers Advisors
New York
$617K +$293K +15,192 +88%
Charles Schwab
49
Charles Schwab
California
$611K +$306K +15,860 +98%
RhumbLine Advisers
50
RhumbLine Advisers
Massachusetts
$561K +$142K +7,378 +33%
1
2
3 4

CNOB Hedge Fund Activity: Q3 2014 in Review

87 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q3 2014, worth a combined $287M — up 65% from $174M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new CNOB positions and 10 closed out — a net gain of 22 holders — while 40 added to existing stakes and 9 trimmed.

The largest buyer was Wellington Management Group, opening a new position worth an estimated $26.9M. The largest seller was Lawrence B. Seidman, cutting an estimated $45.3M.

  • 87 institutional investors held Center Bancorp (CNOB) as of Q3 2014, up from 65 in Q2 2014.
  • Funds reported $287M of Center Bancorp stock for Q3 2014, up 65% quarter-over-quarter.
  • 32 funds opened new Center Bancorp positions in Q3 2014 and 10 closed out, a net change of +22 holders.
  • The largest Center Bancorp buyer in Q3 2014 was Wellington Management Group, an estimated $26.9M added.
  • The largest Center Bancorp seller in Q3 2014 was Lawrence B. Seidman, an estimated $45.3M sold.

Based on aggregated 13F filings for Q3 2014.