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Center Bancorp
CNOB

113 hedge funds and large institutions have $424M invested in Center Bancorp in 2019 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 42 increasing their positions, 39 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% more capital invested

Capital invested by funds: $394M → $424M (+$29.9M)

8% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 39

3% less funds holding

Funds holding: 117 → 113 (-4)

5.48% less ownership

Funds ownership: 66.27% → 60.79% (-5.5%)

13% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 15

Holders
113
Holders Change
-4
Holders Change %
-3.42%
% of All Funds
2.45%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.04%
New
13
Increased
42
Reduced
39
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$7.37M
2
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
+$4.23M
3
LBS
Lawrence B. Seidman
+$3.76M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$3.08M
5
TA
Teachers Advisors
New York
+$2.97M

Top Sellers

Rank Fund Capital Flow
1
Brown Advisory
Brown Advisory
Maryland
-$7.92M
2
Millennium Management
Millennium Management
New York
-$4.71M
3
CRC
Curi RMB Capital
Illinois
-$4.58M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$3.33M
5
BlackRock
BlackRock
New York
-$3.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
AllianceBernstein
26
AllianceBernstein
Tennessee
$3.84M +$191K +9,333 +5%
MCM
27
Maltese Capital Management
New York
$3.79M +$231K +11,290 +6%
Prudential Financial
28
Prudential Financial
New Jersey
$3.69M +$1.54M +75,291 +67%
Charles Schwab
29
Charles Schwab
California
$3.4M +$178K +8,694 +5%
BCM
30
BHZ Capital Management
California
$3.35M +$164K +8,034 +5%
BCM
31
Bridgeway Capital Management
Texas
$3.21M – – –
RHCA
32
Rosenthal Henry Capital Advisors
Indiana
$2.56M – – –
CP
33
Clover Partners
Texas
$2.45M – – –
D.E. Shaw & Co
34
D.E. Shaw & Co
New York
$2.31M +$389K +19,006 +19%
PI
35
Putnam Investments
Massachusetts
$2.26M +$2.35M +114,600 New
Deutsche Bank
36
Deutsche Bank
Germany
$2.17M -$482K -23,539 -18%
JAM
37
Jacobs Asset Management
New York
$2.06M +$2.14M +104,321 New
Bank of America
38
Bank of America
North Carolina
$1.9M -$173K -8,444 -8%
Invesco
39
Invesco
Georgia
$1.84M +$251K +12,283 +15%
Marshall Wace
40
Marshall Wace
United Kingdom
$1.84M -$511K -24,965 -21%
Two Sigma Investments
41
Two Sigma Investments
New York
$1.41M -$768K -37,490 -34%
PRCP
42
Pacific Ridge Capital Partners
Oregon
$1.41M -$46.3K -2,260 -3%
Assenagon Asset Management
43
Assenagon Asset Management
Luxembourg
$1.36M +$1.42M +69,300 New
Citadel Advisors
44
Citadel Advisors
Florida
$1.27M +$606K +29,593 +84%
Wells Fargo
45
Wells Fargo
California
$1.27M +$24.2K +1,183 +2%
ROC
46
River Oaks Capital
Minnesota
$1.12M -$247K -12,081 -17%
Swiss National Bank
47
Swiss National Bank
Switzerland
$1.1M +$34.8K +1,700 +3%
Ameriprise
48
Ameriprise
Minnesota
$975K +$1.01M +49,480 New
CIC
49
Cornercap Investment Counsel
Georgia
$929K +$13.6K +665 +1%
California State Teachers Retirement System (CalSTRS)
50
California State Teachers Retirement System (CalSTRS)
California
$918K -$42.8K -2,092 -4%
1
2
3 4 5

CNOB Hedge Fund Activity: Q1 2019 in Review

113 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q1 2019, worth a combined $424M — up 7.6% from $394M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of CNOB and 13 opened new positions — a net loss of 2 holders — while 39 trimmed existing stakes and 42 added.

The largest buyer was JP Morgan Chase, adding an estimated $7.37M. The largest seller was Brown Advisory, cutting an estimated $7.92M.

  • 113 institutional investors held Center Bancorp (CNOB) as of Q1 2019, down from 117 in Q4 2018.
  • Funds reported $424M of Center Bancorp stock for Q1 2019, up 7.6% quarter-over-quarter.
  • 13 funds opened new Center Bancorp positions in Q1 2019 and 15 closed out, a net change of -2 holders.
  • The largest Center Bancorp buyer in Q1 2019 was JP Morgan Chase, an estimated $7.37M added.
  • The largest Center Bancorp seller in Q1 2019 was Brown Advisory, an estimated $7.92M sold.

Based on aggregated 13F filings for Q1 2019.