Center Bancorp
CNOB
126 hedge funds and large institutions have $620M invested in Center Bancorp in 2018 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 44 increasing their positions, 43 reducing their positions, and 11 closing their positions.
27% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 11
13% more capital invested
Capital invested by funds: $550M → $620M (+$69.5M)
2% more funds holding
Funds holding: 124 → 126 (+2)
2% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 43
0.26% more ownership
Funds ownership: 66.72% → 66.98% (+0.26%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$5.93M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$5.32M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$3.78M |
| 4 |
ACL
Azora Capital LP
Miami,
Florida
|
+$3.56M |
| 5 |
CEP
Chicago Equity Partners
Chicago,
Illinois
|
+$2.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$4.91M |
| 2 |
Millennium Management
New York
|
-$3.57M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$3.52M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.9M |
| 5 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
-$2.1M |
CNOB Hedge Fund Activity: Q1 2018 in Review
126 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q1 2018, worth a combined $620M — up 13% from $550M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new CNOB positions and 11 closed out — a net gain of 3 holders — while 44 added to existing stakes and 43 trimmed.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $5.93M. The largest seller was Deutsche Bank, cutting an estimated $4.91M.
- 126 institutional investors held Center Bancorp (CNOB) as of Q1 2018, up from 124 in Q4 2017.
- Funds reported $620M of Center Bancorp stock for Q1 2018, up 13% quarter-over-quarter.
- 14 funds opened new Center Bancorp positions in Q1 2018 and 11 closed out, a net change of +3 holders.
- The largest Center Bancorp buyer in Q1 2018 was Manulife (Manufacturers Life Insurance), an estimated $5.93M added.
- The largest Center Bancorp seller in Q1 2018 was Deutsche Bank, an estimated $4.91M sold.
Based on aggregated 13F filings for Q1 2018.