Center Bancorp
CNOB
66 hedge funds and large institutions have $65.6M invested in Center Bancorp in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 19 increasing their positions, 23 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
17% more capital invested
Capital invested by funds: $55.9M → $65.6M (+$9.69M)
16% more funds holding
Funds holding: 57 → 66 (+9)
17% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
+$1.14M |
| 2 |
MPAM
Monarch Partners Asset Management
Boston,
Massachusetts
|
+$702K |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$586K |
| 4 |
CAM
ClariVest Asset Management
San Diego,
California
|
+$573K |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$529K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$1.92M |
| 2 |
JAM
Jacobs Asset Management
New York
|
-$405K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$343K |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$184K |
| 5 |
MA
MUFG Americas
New York
|
-$184K |
CNOB Hedge Fund Activity: Q3 2013 in Review
66 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q3 2013, worth a combined $65.6M — up 17% from $55.9M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new CNOB positions and 4 closed out — a net gain of 9 holders — while 19 added to existing stakes and 23 trimmed.
The largest buyer was Endeavour Capital Advisors, opening a new position worth an estimated $1.14M. The largest seller was Banc Funds Company, cutting an estimated $1.92M.
- 66 institutional investors held Center Bancorp (CNOB) as of Q3 2013, up from 57 in Q2 2013.
- Funds reported $65.6M of Center Bancorp stock for Q3 2013, up 17% quarter-over-quarter.
- 13 funds opened new Center Bancorp positions in Q3 2013 and 4 closed out, a net change of +9 holders.
- The largest Center Bancorp buyer in Q3 2013 was Endeavour Capital Advisors, an estimated $1.14M added.
- The largest Center Bancorp seller in Q3 2013 was Banc Funds Company, an estimated $1.92M sold.
Based on aggregated 13F filings for Q3 2013.