Center Bancorp
CNOB
98 hedge funds and large institutions have $341M invested in Center Bancorp in 2016 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 30 increasing their positions, 28 reducing their positions, and 7 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
17% more capital invested
Capital invested by funds: $293M → $341M (+$48.8M)
2% more funds holding
Funds holding: 96 → 98 (+2)
7% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$3.45M |
| 2 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$3.45M |
| 3 |
New York State Common Retirement Fund
Albany,
New York
|
+$2.91M |
| 4 |
Goldman Sachs
New York
|
+$2.07M |
| 5 |
Brown Advisory
Baltimore,
Maryland
|
+$1.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$5.98M |
| 2 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
-$3.53M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$3.15M |
| 4 |
ICOM
Investment Counselors of Maryland
Baltimore,
Maryland
|
-$2.25M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$984K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BT
101
Beacon Trust
Morristown,
New Jersey
| – | -$173K | -11,000 | Closed |
|
102
Teacher Retirement System of Texas
Austin,
Texas
| – | -$63K | -3,991 | Closed |
|
|
PCM
103
Prelude Capital Management
New York
| – | -$45K | -2,896 | Closed |
|
|
AIM
104
Arcadia Investment Management
Kalamazoo,
Michigan
| – | -$17K | -1,100 | Closed |
|
105
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$3K | -165 | Closed |
|
CNOB Hedge Fund Activity: Q3 2016 in Review
98 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q3 2016, worth a combined $341M — up 17% from $293M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new CNOB positions and 7 closed out — a net gain of 2 holders — while 30 added to existing stakes and 28 trimmed.
The largest buyer was Systematic Financial Management, opening a new position worth an estimated $3.45M. The largest seller was Wells Fargo, cutting an estimated $5.98M.
- 98 institutional investors held Center Bancorp (CNOB) as of Q3 2016, up from 96 in Q2 2016.
- Funds reported $341M of Center Bancorp stock for Q3 2016, up 17% quarter-over-quarter.
- 9 funds opened new Center Bancorp positions in Q3 2016 and 7 closed out, a net change of +2 holders.
- The largest Center Bancorp buyer in Q3 2016 was Systematic Financial Management, an estimated $3.45M added.
- The largest Center Bancorp seller in Q3 2016 was Wells Fargo, an estimated $5.98M sold.
Based on aggregated 13F filings for Q3 2016.