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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
Invesco
51
Invesco
Georgia
$1.13M -$51.1K -3,276 -5%
Envestnet Asset Management
52
Envestnet Asset Management
Illinois
$1.12M -$157K -10,083 -13%
Janney Montgomery Scott
53
Janney Montgomery Scott
Pennsylvania
$1.05M +$7.8K +500 +0.8%
PRCP
54
Pacific Ridge Capital Partners
Oregon
$1.04M +$159K +10,178 +19%
RhumbLine Advisers
55
RhumbLine Advisers
Massachusetts
$984K -$2.04K -131 -0.2%
Citadel Advisors
56
Citadel Advisors
Florida
$978K -$1.61M -102,921 -64%
TI
57
Trexquant Investment
Connecticut
$958K +$431K +27,591 +91%
SM
58
Salzhauer Michael
$871K – – –
AG
59
Algert Global
California
$833K +$98.6K +6,320 +14%
CIC
60
Cornercap Investment Counsel
Georgia
$776K -$11.7K -751 -2%
Victory Capital Management
61
Victory Capital Management
Texas
$768K -$61.4K -3,932 -8%
Rafferty Asset Management
62
Rafferty Asset Management
New York
$739K +$384K +24,580 +123%
California State Teachers Retirement System (CalSTRS)
63
California State Teachers Retirement System (CalSTRS)
California
$729K -$14.2K -909 -2%
OQS
64
Occudo Quantitative Strategies
Florida
$700K +$658K +42,169 New
Man Group
65
Man Group
United Kingdom
$699K +$658K +42,125 New
EMFAT
66
Emerald Mutual Fund Advisers Trust
Pennsylvania
$686K +$260K +16,628 +67%
UBS AM
67
UBS AM
Illinois
$656K – – –
SO
68
STRS Ohio
Ohio
$615K +$60.9K +3,900 +12%
Citigroup
69
Citigroup
New York
$608K +$557K +35,694 +3,650%
ROC
70
River Oaks Capital
Minnesota
$607K – – –
EC
71
EJF Capital
Virginia
$584K -$535K -34,265 -49%
T. Rowe Price Associates
72
T. Rowe Price Associates
Maryland
$562K +$7.27K +466 +1%
CS
73
Credit Suisse
Switzerland
$559K +$55.5K +3,558 +12%
State of Wisconsin Investment Board
74
State of Wisconsin Investment Board
Wisconsin
$555K +$117K +7,490 +29%
OSAM
75
O'Shaughnessy Asset Management
Connecticut
$527K +$496K +31,752 New
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.