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Center Bancorp
CNOB

140 hedge funds and large institutions have $442M invested in Center Bancorp in 2023 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 58 increasing their positions, 48 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 48

0.82% more ownership

Funds ownership: 67.12% → 67.93% (+0.82%)

5% less capital invested

Capital invested by funds: $465M → $442M (-$22.8M)

7% less funds holding

Funds holding: 150 → 140 (-10)

43% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 23

58% less call options, than puts

Call options by funds: $129K | Put options by funds: $307K

Holders
140
Holders Change
-10
Holders Change %
-6.67%
% of All Funds
2.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
58
Reduced
48
Closed
23
Calls
$129K
Puts
$307K
Net Calls
-$178K
Net Calls Change
-$315K

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$26.5M
2
JP Morgan Chase
JP Morgan Chase
New York
+$7.5M
3
BlackRock
BlackRock
New York
+$6.55M
4
Millennium Management
Millennium Management
New York
+$3.52M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$3.26M

Top Sellers

Rank Fund Capital Flow
1
William Blair Investment Management
William Blair Investment Management
Illinois
-$19.9M
2
American Century Companies
American Century Companies
Missouri
-$8.8M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$6.33M
4
BGIM
Brandywine Global Investment Management
Pennsylvania
-$3.36M
5
HIM
Hillsdale Investment Management
Ontario, Canada
-$2.73M
Name Holding Trade Value Shares
Change 		Change in
Stake
HAI
26
Hennessy Advisors Inc
California
$3.07M +$702K +45,000 +32%
ECA
27
Endeavour Capital Advisors
Connecticut
$2.85M +$1.81K +116 +0.1%
State of New Jersey Common Pension Fund D
28
State of New Jersey Common Pension Fund D
New Jersey
$2.8M +$1.16M +74,376 +79%
AllianceBernstein
29
AllianceBernstein
Tennessee
$2.74M – – –
AQR Capital Management
30
AQR Capital Management
Connecticut
$2.37M -$411K -26,309 -16%
Two Sigma Advisers
31
Two Sigma Advisers
New York
$2.32M +$732K +46,900 +50%
Prudential Financial
32
Prudential Financial
New Jersey
$2.2M -$251K -16,100 -11%
SEI Investments
33
SEI Investments
Pennsylvania
$1.94M -$985K -63,077 -35%
Wells Fargo
34
Wells Fargo
California
$1.94M -$633K -40,535 -26%
Morgan Stanley
35
Morgan Stanley
New York
$1.85M +$140K +8,968 +9%
WCM
36
Wedge Capital Management
North Carolina
$1.8M -$117K -7,497 -6%
BCM
37
Bridgeway Capital Management
Texas
$1.76M -$1.06M -68,054 -39%
Two Sigma Investments
38
Two Sigma Investments
New York
$1.74M +$957K +61,311 +141%
Barclays
39
Barclays
United Kingdom
$1.67M +$457K +29,261 +41%
LSV Asset Management
40
LSV Asset Management
Illinois
$1.61M +$1.52M +97,300 New
Thrivent Financial for Lutherans
41
Thrivent Financial for Lutherans
Minnesota
$1.49M +$64.2K +4,113 +5%
Stifel Financial
42
Stifel Financial
Missouri
$1.47M -$159K -10,208 -10%
KOCAA
43
Knights of Columbus Asset Advisors
Connecticut
$1.44M +$3.18K +204 +0.2%
BFM
44
Boothbay Fund Management
New York
$1.41M -$238K -15,264 -15%
KCM
45
Kennedy Capital Management
Missouri
$1.36M – – –
Swiss National Bank
46
Swiss National Bank
Switzerland
$1.34M +$73.4K +4,700 +6%
CRC
47
Curi RMB Capital
Illinois
$1.24M +$1.17M +75,000 New
WMSA
48
Weiss Multi-Strategy Advisers
New York
$1.2M -$119K -7,644 -10%
D.E. Shaw & Co
49
D.E. Shaw & Co
New York
$1.2M +$825K +52,881 +275%
GCM
50
Gator Capital Management
Florida
$1.18M – – –
1
2
3 4 5

CNOB Hedge Fund Activity: Q2 2023 in Review

140 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q2 2023, worth a combined $442M — down 4.9% from $465M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of CNOB and 13 opened new positions — a net loss of 10 holders — while 48 trimmed existing stakes and 58 added.

The largest buyer was Fidelity Investments, adding an estimated $26.5M. The largest seller was William Blair Investment Management, exiting entirely with an estimated $19.9M sold.

  • 140 institutional investors held Center Bancorp (CNOB) as of Q2 2023, down from 150 in Q1 2023.
  • Funds reported $442M of Center Bancorp stock for Q2 2023, down 4.9% quarter-over-quarter.
  • 13 funds opened new Center Bancorp positions in Q2 2023 and 23 closed out, a net change of -10 holders.
  • The largest Center Bancorp buyer in Q2 2023 was Fidelity Investments, an estimated $26.5M added.
  • The largest Center Bancorp seller in Q2 2023 was William Blair Investment Management, an estimated $19.9M sold.

Based on aggregated 13F filings for Q2 2023.