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Center Bancorp
CNOB

87 hedge funds and large institutions have $287M invested in Center Bancorp in 2014 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 40 increasing their positions, 9 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

344% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 9

220% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 10

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

65% more capital invested

Capital invested by funds: $174M → $287M (+$114M)

34% more funds holding

Funds holding: 65 → 87 (+22)

Holders
87
Holders Change
+22
Holders Change %
+33.85%
% of All Funds
2.52%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.09%
New
32
Increased
40
Reduced
9
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
+$26.9M
2
EC
EJF Capital
Virginia
+$15.5M
3
Brown Advisory
Brown Advisory
Maryland
+$10.9M
4
MCA
Mendon Capital Advisors
Florida
+$10.8M
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$8.82M

Top Sellers

Rank Fund Capital Flow
1
LBS
Lawrence B. Seidman
-$45.3M
2
CEI
Clark Estates Inc
New York
-$4.63M
3
ECA
Endeavour Capital Advisors
Connecticut
-$1.61M
4
FP
Foundry Partners
Minnesota
-$1.14M
5
CL
CSS LLC
Illinois
-$927K
Name Holding Trade Value Shares
Change 		Change in
Stake
First Trust Advisors
51
First Trust Advisors
Illinois
$561K +$569K +29,450 New
NFA
52
Nationwide Fund Advisors
Ohio
$536K +$236K +12,201 +77%
SM
53
Salzhauer Michael
$480K +$492K +25,500 New
TC
54
TFS Capital
Pennsylvania
$473K +$480K +24,851 New
CONA
55
Capital One National Association
New York
$472K – – –
PPA
56
Parametric Portfolio Associates
Washington
$460K +$42.5K +2,203 +10%
NCCM
57
Nine Chapters Capital Management
New Jersey
$394K +$191K +9,900 +92%
Stifel Financial
58
Stifel Financial
Missouri
$388K -$225K -11,664 -36%
SG Americas Securities
59
SG Americas Securities
New York
$383K +$389K +20,123 New
MLICM
60
Metropolitan Life Insurance Company (MetLife)
New York
$370K +$176K +9,097 +88%
T. Rowe Price Associates
61
T. Rowe Price Associates
Maryland
$369K – – –
BT
62
Beacon Trust
New Jersey
$313K -$9.66K -500 -3%
AQR Capital Management
63
AQR Capital Management
Connecticut
$295K +$299K +15,500 New
Royal Bank of Canada
64
Royal Bank of Canada
Ontario, Canada
$294K +$298K +15,439 New
IP
65
Interval Partners
New York
$288K +$292K +15,140 New
AIG
66
American International Group
New York
$282K +$137K +7,103 +92%
GCP
67
GSA Capital Partners
United Kingdom
$281K +$285K +14,733 New
Two Sigma Advisers
68
Two Sigma Advisers
New York
$271K +$275K +14,249 New
Prudential Financial
69
Prudential Financial
New Jersey
$263K -$358K -18,533 -57%
EVC
70
Eidelman Virant Capital
Missouri
$248K +$251K +13,000 New
CCMH
71
Cornerstone Capital Management Holdings
New York
$244K -$247K -12,800 -50%
BA
72
BlackRock Advisors
Delaware
$232K +$84.6K +4,381 +56%
KAM
73
Keeley Asset Management
Illinois
$219K – – –
Invesco
74
Invesco
Georgia
$188K +$10.1K +522 +6%
HCM
75
Highlander Capital Management
New Jersey
$126K – – –
1 2
3
4

CNOB Hedge Fund Activity: Q3 2014 in Review

87 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q3 2014, worth a combined $287M — up 65% from $174M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new CNOB positions and 10 closed out — a net gain of 22 holders — while 40 added to existing stakes and 9 trimmed.

The largest buyer was Wellington Management Group, opening a new position worth an estimated $26.9M. The largest seller was Lawrence B. Seidman, cutting an estimated $45.3M.

  • 87 institutional investors held Center Bancorp (CNOB) as of Q3 2014, up from 65 in Q2 2014.
  • Funds reported $287M of Center Bancorp stock for Q3 2014, up 65% quarter-over-quarter.
  • 32 funds opened new Center Bancorp positions in Q3 2014 and 10 closed out, a net change of +22 holders.
  • The largest Center Bancorp buyer in Q3 2014 was Wellington Management Group, an estimated $26.9M added.
  • The largest Center Bancorp seller in Q3 2014 was Lawrence B. Seidman, an estimated $45.3M sold.

Based on aggregated 13F filings for Q3 2014.