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Center Bancorp
CNOB

98 hedge funds and large institutions have $341M invested in Center Bancorp in 2016 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 30 increasing their positions, 28 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

29% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 7

17% more capital invested

Capital invested by funds: $293M → $341M (+$48.8M)

2% more funds holding

Funds holding: 96 → 98 (+2)

7% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 28

Holders
98
Holders Change
+2
Holders Change %
+2.08%
% of All Funds
2.61%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
9
Increased
30
Reduced
28
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFM
Systematic Financial Management
New Jersey
+$3.45M
2
BFC
Banc Funds Company
Illinois
+$3.45M
3
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
+$2.91M
4
Goldman Sachs
Goldman Sachs
New York
+$2.07M
5
Brown Advisory
Brown Advisory
Maryland
+$1.2M

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$5.98M
2
CCM
Castine Capital Management
Massachusetts
-$3.53M
3
KCM
Kennedy Capital Management
Missouri
-$3.15M
4
ICOM
Investment Counselors of Maryland
Maryland
-$2.25M
5
Wellington Management Group
Wellington Management Group
Massachusetts
-$984K
Name Holding Trade Value Shares
Change 		Change in
Stake
BIM
26
BlackRock Investment Management
Delaware
$2.32M -$11K -634 -0.5%
Charles Schwab
27
Charles Schwab
California
$2.06M +$1.18M +67,860 +146%
Deutsche Bank
28
Deutsche Bank
Germany
$1.47M -$878K -50,607 -38%
LSV Asset Management
29
LSV Asset Management
Illinois
$1.28M – – –
California State Teachers Retirement System (CalSTRS)
30
California State Teachers Retirement System (CalSTRS)
California
$1.09M +$10.4K +600 +1%
California Public Employees Retirement System
31
California Public Employees Retirement System
California
$1.07M -$27.8K -1,600 -3%
GC
32
Guggenheim Capital
Illinois
$1.04M -$197K -11,332 -16%
Millennium Management
33
Millennium Management
New York
$975K -$932K -53,725 -50%
Arrowstreet Capital
34
Arrowstreet Capital
Massachusetts
$863K +$828K +47,760 New
TA
35
Teachers Advisors
New York
$799K – – –
EVC
36
Eidelman Virant Capital
Missouri
$795K -$3.47K -200 -0.5%
Swiss National Bank
37
Swiss National Bank
Switzerland
$793K – – –
PRCP
38
Pacific Ridge Capital Partners
Oregon
$789K +$152K +8,750 +25%
First Trust Advisors
39
First Trust Advisors
Illinois
$783K +$235K +13,529 +45%
HighTower Advisors
40
HighTower Advisors
Illinois
$764K +$732K +42,218 New
SO
41
STRS Ohio
Ohio
$704K – – –
RhumbLine Advisers
42
RhumbLine Advisers
Massachusetts
$674K +$7.8K +450 +1%
AllianceBernstein
43
AllianceBernstein
Tennessee
$666K – – –
Morgan Stanley
44
Morgan Stanley
New York
$635K +$63.3K +3,650 +12%
CIC
45
Cornercap Investment Counsel
Georgia
$594K +$14.7K +850 +3%
CS
46
Credit Suisse
Switzerland
$567K -$28.5K -1,641 -5%
BCM
47
Bridgeway Capital Management
Texas
$542K – – –
SM
48
Salzhauer Michael
$523K – – –
MERSOM
49
Municipal Employees' Retirement System of Michigan
Michigan
$510K – – –
Franklin Resources
50
Franklin Resources
California
$485K +$465K +26,831 New
1
2
3 4 5

CNOB Hedge Fund Activity: Q3 2016 in Review

98 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q3 2016, worth a combined $341M — up 17% from $293M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new CNOB positions and 7 closed out — a net gain of 2 holders — while 30 added to existing stakes and 28 trimmed.

The largest buyer was Systematic Financial Management, opening a new position worth an estimated $3.45M. The largest seller was Wells Fargo, cutting an estimated $5.98M.

  • 98 institutional investors held Center Bancorp (CNOB) as of Q3 2016, up from 96 in Q2 2016.
  • Funds reported $341M of Center Bancorp stock for Q3 2016, up 17% quarter-over-quarter.
  • 9 funds opened new Center Bancorp positions in Q3 2016 and 7 closed out, a net change of +2 holders.
  • The largest Center Bancorp buyer in Q3 2016 was Systematic Financial Management, an estimated $3.45M added.
  • The largest Center Bancorp seller in Q3 2016 was Wells Fargo, an estimated $5.98M sold.

Based on aggregated 13F filings for Q3 2016.