Center Bancorp
CNOB
150 hedge funds and large institutions have $465M invested in Center Bancorp in 2023 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 66 increasing their positions, 44 reducing their positions, and 19 closing their positions.
856% more call options, than puts
Call options by funds: $153K | Put options by funds: $16K
50% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 44
0.74% less ownership
Funds ownership: 67.86% → 67.12% (-0.74%)
4% less funds holding
Funds holding: 156 → 150 (-6)
21% less capital invested
Capital invested by funds: $585M → $465M (-$121M)
21% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$6.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$3.7M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$3.05M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$2.8M |
| 5 |
State Street
Boston,
Massachusetts
|
+$2.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Peregrine Capital Management
Minneapolis,
Minnesota
|
-$10.9M |
| 2 |
Millennium Management
New York
|
-$10.2M |
| 3 |
EC
EJF Capital
Arlington,
Virginia
|
-$4.06M |
| 4 |
PCM
Palouse Capital Management
Spokane,
Washington
|
-$3.34M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$2.85M |
CNOB Hedge Fund Activity: Q1 2023 in Review
150 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q1 2023, worth a combined $465M — down 21% from $585M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of CNOB and 15 opened new positions — a net loss of 4 holders — while 44 trimmed existing stakes and 66 added.
The largest buyer was Brandywine Global Investment Management, adding an estimated $6.9M. The largest seller was Peregrine Capital Management, exiting entirely with an estimated $10.9M sold.
- 150 institutional investors held Center Bancorp (CNOB) as of Q1 2023, down from 156 in Q4 2022.
- Funds reported $465M of Center Bancorp stock for Q1 2023, down 21% quarter-over-quarter.
- 15 funds opened new Center Bancorp positions in Q1 2023 and 19 closed out, a net change of -4 holders.
- The largest Center Bancorp buyer in Q1 2023 was Brandywine Global Investment Management, an estimated $6.9M added.
- The largest Center Bancorp seller in Q1 2023 was Peregrine Capital Management, an estimated $10.9M sold.
Based on aggregated 13F filings for Q1 2023.