Center Bancorp
CNOB
65 hedge funds and large institutions have $174M invested in Center Bancorp in 2014 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 30 reducing their positions, and 16 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less capital invested
Capital invested by funds: $177M → $174M (-$3.2M)
13% less funds holding
Funds holding: 75 → 65 (-10)
33% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 30
63% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICOM
Investment Counselors of Maryland
Baltimore,
Maryland
|
+$11.2M |
| 2 |
Renaissance Technologies
New York
|
+$1.34M |
| 3 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
+$1.34M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.18M |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
+$899K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CLG
Cooperman Leon G
|
-$10.4M |
| 2 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
-$1.97M |
| 3 |
Bank of New York Mellon
New York
|
-$1.7M |
| 4 |
CAM
ClariVest Asset Management
San Diego,
California
|
-$1.49M |
| 5 |
CP
Clover Partners
Dallas,
Texas
|
-$1.36M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$55K | -2,905 | Closed |
|
77
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$38K | -2,017 | Closed |
|
78
Citigroup
New York
| – | -$36K | -1,913 | Closed |
|
|
TRCT
79
Tower Research Capital (TRC)
New York
| – | -$16K | -834 | Closed |
|
|
DA
80
Denali Advisors
San Diego,
California
| – | -$2K | -100 | Closed |
|
CNOB Hedge Fund Activity: Q2 2014 in Review
65 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q2 2014, worth a combined $174M — down 1.8% from $177M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of CNOB and 6 opened new positions — a net loss of 10 holders — while 30 trimmed existing stakes and 20 added.
The largest buyer was Investment Counselors of Maryland, adding an estimated $11.2M. The largest seller was Cooperman Leon G, exiting entirely with an estimated $10.4M sold.
- 65 institutional investors held Center Bancorp (CNOB) as of Q2 2014, down from 75 in Q1 2014.
- Funds reported $174M of Center Bancorp stock for Q2 2014, down 1.8% quarter-over-quarter.
- 6 funds opened new Center Bancorp positions in Q2 2014 and 16 closed out, a net change of -10 holders.
- The largest Center Bancorp buyer in Q2 2014 was Investment Counselors of Maryland, an estimated $11.2M added.
- The largest Center Bancorp seller in Q2 2014 was Cooperman Leon G, an estimated $10.4M sold.
Based on aggregated 13F filings for Q2 2014.