Center Bancorp
CNOB
88 hedge funds and large institutions have $301M invested in Center Bancorp in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 39 increasing their positions, 27 reducing their positions, and 9 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 27
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less funds holding
Funds holding: 93 → 88 (-5)
11% less capital invested
Capital invested by funds: $338M → $301M (-$37.2M)
56% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
+$9.19M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$4.54M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$2.26M |
| 4 |
Renaissance Technologies
New York
|
+$1.3M |
| 5 |
Goldman Sachs
New York
|
+$1.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$4.3M |
| 2 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$2.64M |
| 3 |
DIA
Dean Investment Associates
Beavercreek,
Ohio
|
-$2.49M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$2.22M |
| 5 |
EA
Emerald Advisers
Leola,
Pennsylvania
|
-$1.7M |
CNOB Hedge Fund Activity: Q1 2016 in Review
88 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q1 2016, worth a combined $301M — down 11% from $338M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of CNOB and 4 opened new positions — a net loss of 5 holders — while 27 trimmed existing stakes and 39 added.
The largest buyer was Endeavour Capital Advisors, adding an estimated $9.19M. The largest seller was Stieven Capital Advisors, exiting entirely with an estimated $4.3M sold.
- 88 institutional investors held Center Bancorp (CNOB) as of Q1 2016, down from 93 in Q4 2015.
- Funds reported $301M of Center Bancorp stock for Q1 2016, down 11% quarter-over-quarter.
- 4 funds opened new Center Bancorp positions in Q1 2016 and 9 closed out, a net change of -5 holders.
- The largest Center Bancorp buyer in Q1 2016 was Endeavour Capital Advisors, an estimated $9.19M added.
- The largest Center Bancorp seller in Q1 2016 was Stieven Capital Advisors, an estimated $4.3M sold.
Based on aggregated 13F filings for Q1 2016.