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Center Bancorp
CNOB

150 hedge funds and large institutions have $465M invested in Center Bancorp in 2023 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 66 increasing their positions, 44 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

856% more call options, than puts

Call options by funds: $153K | Put options by funds: $16K

50% more repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 44

0.74% less ownership

Funds ownership: 67.86% → 67.12% (-0.74%)

4% less funds holding

Funds holding: 156 → 150 (-6)

21% less capital invested

Capital invested by funds: $585M → $465M (-$121M)

21% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 19

Holders
150
Holders Change
-6
Holders Change %
-3.85%
% of All Funds
2.39%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
66
Reduced
44
Closed
19
Calls
$153K
Puts
$16K
Net Calls
+$137K
Net Calls Change
+$174K

Top Buyers

Rank Fund Capital Flow
1
BGIM
Brandywine Global Investment Management
Pennsylvania
+$6.9M
2
Bank of America
Bank of America
North Carolina
+$3.7M
3
Citadel Advisors
Citadel Advisors
Florida
+$3.05M
4
American Century Companies
American Century Companies
Missouri
+$2.8M
5
State Street
State Street
Massachusetts
+$2.55M

Top Sellers

Rank Fund Capital Flow
1
PCM
Peregrine Capital Management
Minnesota
-$10.9M
2
Millennium Management
Millennium Management
New York
-$10.2M
3
EC
EJF Capital
Virginia
-$4.06M
4
PCM
Palouse Capital Management
Washington
-$3.34M
5
N
Nuveen
North Carolina
-$2.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
BCM
26
Bridgeway Capital Management
Texas
$3.07M -$1.15M -50,400 -22%
ECA
27
Endeavour Capital Advisors
Connecticut
$3.03M -$1.25M -54,933 -24%
AQR Capital Management
28
AQR Capital Management
Connecticut
$2.99M +$749K +32,893 +24%
AllianceBernstein
29
AllianceBernstein
Tennessee
$2.92M – – –
Citadel Advisors
30
Citadel Advisors
Florida
$2.86M +$3.05M +133,705 +474%
Wells Fargo
31
Wells Fargo
California
$2.78M +$1.03M +45,299 +40%
HIM
32
Hillsdale Investment Management
Ontario, Canada
$2.73M – – –
Prudential Financial
33
Prudential Financial
New Jersey
$2.63M +$294K +12,900 +10%
HAI
34
Hennessy Advisors Inc
California
$2.48M – – –
Millennium Management
35
Millennium Management
New York
$2.34M -$10.2M -449,537 -77%
WCM
36
Wedge Capital Management
North Carolina
$2.05M -$109K -4,796 -4%
Morgan Stanley
37
Morgan Stanley
New York
$1.81M -$711K -31,188 -23%
BFM
38
Boothbay Fund Management
New York
$1.78M +$2.29M +100,404 New
Stifel Financial
39
Stifel Financial
Missouri
$1.75M -$1.23M -53,839 -35%
Tudor Investment Corp
40
Tudor Investment Corp
Connecticut
$1.73M +$976K +42,845 +78%
State of New Jersey Common Pension Fund D
41
State of New Jersey Common Pension Fund D
New Jersey
$1.67M +$163K +7,155 +8%
Two Sigma Advisers
42
Two Sigma Advisers
New York
$1.64M -$52.4K -2,300 -2%
KOCAA
43
Knights of Columbus Asset Advisors
Connecticut
$1.53M +$15.1K +663 +0.8%
Thrivent Financial for Lutherans
44
Thrivent Financial for Lutherans
Minnesota
$1.51M +$374K +16,399 +24%
KCM
45
Kennedy Capital Management
Missouri
$1.45M – – –
WMSA
46
Weiss Multi-Strategy Advisers
New York
$1.41M +$1.82M +80,000 New
Envestnet Asset Management
47
Envestnet Asset Management
Illinois
$1.37M +$378K +16,599 +27%
Swiss National Bank
48
Swiss National Bank
Switzerland
$1.35M -$205K -9,000 -11%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
49
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$1.31M -$1.63M -71,600 -49%
Barclays
50
Barclays
United Kingdom
$1.26M +$420K +18,417 +35%
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CNOB Hedge Fund Activity: Q1 2023 in Review

150 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q1 2023, worth a combined $465M — down 21% from $585M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of CNOB and 15 opened new positions — a net loss of 4 holders — while 44 trimmed existing stakes and 66 added.

The largest buyer was Brandywine Global Investment Management, adding an estimated $6.9M. The largest seller was Peregrine Capital Management, exiting entirely with an estimated $10.9M sold.

  • 150 institutional investors held Center Bancorp (CNOB) as of Q1 2023, down from 156 in Q4 2022.
  • Funds reported $465M of Center Bancorp stock for Q1 2023, down 21% quarter-over-quarter.
  • 15 funds opened new Center Bancorp positions in Q1 2023 and 19 closed out, a net change of -4 holders.
  • The largest Center Bancorp buyer in Q1 2023 was Brandywine Global Investment Management, an estimated $6.9M added.
  • The largest Center Bancorp seller in Q1 2023 was Peregrine Capital Management, an estimated $10.9M sold.

Based on aggregated 13F filings for Q1 2023.