Center Bancorp
CNOB
117 hedge funds and large institutions have $394M invested in Center Bancorp in 2018 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 46 increasing their positions, 41 reducing their positions, and 16 closing their positions.
12% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 41
0% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 16
0.79% less ownership
Funds ownership: 67.06% → 66.27% (-0.79%)
1% less funds holding
Funds holding: 118 → 117 (-1)
24% less capital invested
Capital invested by funds: $521M → $394M (-$127M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
+$6.68M |
| 2 |
BlackRock
New York
|
+$3.63M |
| 3 |
LBS
Lawrence B. Seidman
|
+$3.33M |
| 4 |
PCM
Peregrine Capital Management
Minneapolis,
Minnesota
|
+$3.14M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MPAM
Monarch Partners Asset Management
Boston,
Massachusetts
|
-$6.56M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
-$6.5M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$4.58M |
| 4 |
Millennium Management
New York
|
-$4.26M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$3.29M |
CNOB Hedge Fund Activity: Q4 2018 in Review
117 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q4 2018, worth a combined $394M — down 24% from $521M a quarter earlier.
Fund positioning in CNOB was balanced in Q4 2018: 16 funds opened new positions, 16 closed out, 46 added to existing stakes and 41 trimmed.
The largest buyer was Basswood Capital Management, opening a new position worth an estimated $6.68M. The largest seller was Monarch Partners Asset Management, cutting an estimated $6.56M.
- 117 institutional investors held Center Bancorp (CNOB) as of Q4 2018, down from 118 in Q3 2018.
- Funds reported $394M of Center Bancorp stock for Q4 2018, down 24% quarter-over-quarter.
- 16 funds opened new Center Bancorp positions in Q4 2018 and 16 closed out, a net change of 0 holders.
- The largest Center Bancorp buyer in Q4 2018 was Basswood Capital Management, an estimated $6.68M added.
- The largest Center Bancorp seller in Q4 2018 was Monarch Partners Asset Management, an estimated $6.56M sold.
Based on aggregated 13F filings for Q4 2018.