Center Bancorp
CNOB
75 hedge funds and large institutions have $166M invested in Center Bancorp in 2013 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 24 increasing their positions, 27 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
153% more capital invested
Capital invested by funds: $65.6M → $166M (+$100M)
14% more funds holding
Funds holding: 66 → 75 (+9)
11% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EI
EAM Investors
Solana Beach,
California
|
+$1.87M |
| 2 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
+$1.47M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$1.18M |
| 4 |
HIS
Horizon Investment Services
Hammond,
Indiana
|
+$843K |
| 5 |
CAM
ClariVest Asset Management
San Diego,
California
|
+$804K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAM
Jacobs Asset Management
New York
|
-$2.03M |
| 2 |
MPAM
Monarch Partners Asset Management
Boston,
Massachusetts
|
-$1.71M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$468K |
| 4 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$452K |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$170K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$17 | -1,191 | Closed |
|
77
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$13K | -916 | Closed |
|
78
Ameriprise
Minneapolis,
Minnesota
| – | -$10K | -734 | Closed |
|
79
Envestnet Asset Management
Chicago,
Illinois
| – | -$484 | -30 | -60% |
|
CNOB Hedge Fund Activity: Q4 2013 in Review
75 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q4 2013, worth a combined $166M — up 153% from $65.6M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new CNOB positions and 4 closed out — a net gain of 9 holders — while 24 added to existing stakes and 27 trimmed.
The largest buyer was EAM Investors, opening a new position worth an estimated $1.87M. The largest seller was Jacobs Asset Management, cutting an estimated $2.03M.
- 75 institutional investors held Center Bancorp (CNOB) as of Q4 2013, up from 66 in Q3 2013.
- Funds reported $166M of Center Bancorp stock for Q4 2013, up 153% quarter-over-quarter.
- 13 funds opened new Center Bancorp positions in Q4 2013 and 4 closed out, a net change of +9 holders.
- The largest Center Bancorp buyer in Q4 2013 was EAM Investors, an estimated $1.87M added.
- The largest Center Bancorp seller in Q4 2013 was Jacobs Asset Management, an estimated $2.03M sold.
Based on aggregated 13F filings for Q4 2013.