Center Bancorp
CNOB
122 hedge funds and large institutions have $540M invested in Center Bancorp in 2018 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 47 increasing their positions, 37 reducing their positions, and 18 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 37
0.44% more ownership
Funds ownership: 66.98% → 67.42% (+0.44%)
3% less funds holding
Funds holding: 126 → 122 (-4)
13% less capital invested
Capital invested by funds: $620M → $540M (-$79.1M)
22% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 18
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
+$6M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$5.43M |
| 3 |
State Street
Boston,
Massachusetts
|
+$4.43M |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$3.64M |
| 5 |
Millennium Management
New York
|
+$2.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
-$10.8M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$7.77M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$6.1M |
| 4 |
CAM
Cortina Asset Management
Milwaukee,
Wisconsin
|
-$4.07M |
| 5 |
ACL
Azora Capital LP
Miami,
Florida
|
-$3.53M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CIC
126
Cornercap Investment Counsel
Atlanta,
Georgia
| – | -$723K | -25,105 | Closed |
|
|
SFM
127
Systematic Financial Management
Teaneck,
New Jersey
| – | -$566K | -19,650 | Closed |
|
|
VRS
128
Virginia Retirement Systems
Richmond,
Virginia
| – | -$495K | -17,200 | Closed |
|
|
BCM
129
BlueCrest Capital Management
St Helier,
Jersey
| – | -$491K | -17,047 | Closed |
|
|
TI
130
Trexquant Investment
Stamford,
Connecticut
| – | -$468K | -16,245 | Closed |
|
|
MC
131
Menta Capital
San Francisco,
California
| – | -$364K | -12,644 | Closed |
|
132
Balyasny Asset Management
Chicago,
Illinois
| – | -$275K | -9,547 | Closed |
|
|
BCM
133
Buckhead Capital Management
Atlanta,
Georgia
| – | -$271K | -9,415 | Closed |
|
|
SSA
134
Schonfeld Strategic Advisors
New York
| – | -$251K | -8,727 | Closed |
|
|
DTL
135
Dynamic Technology Lab
Singapore
| – | -$250K | -8,695 | Closed |
|
136
HighTower Advisors
Chicago,
Illinois
| – | -$210K | -7,274 | Closed |
|
137
SG Americas Securities
New York
| – | -$114K | -3,965 | Closed |
|
|
HR
138
Howe & Rusling
Rochester,
New York
| – | -$3K | -100 | Closed |
|
CNOB Hedge Fund Activity: Q2 2018 in Review
122 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q2 2018, worth a combined $540M — down 13% from $620M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of CNOB and 14 opened new positions — a net loss of 4 holders — while 37 trimmed existing stakes and 47 added.
The largest buyer was Endeavour Capital Advisors, adding an estimated $6M. The largest seller was EJF Capital, cutting an estimated $10.8M.
- 122 institutional investors held Center Bancorp (CNOB) as of Q2 2018, down from 126 in Q1 2018.
- Funds reported $540M of Center Bancorp stock for Q2 2018, down 13% quarter-over-quarter.
- 14 funds opened new Center Bancorp positions in Q2 2018 and 18 closed out, a net change of -4 holders.
- The largest Center Bancorp buyer in Q2 2018 was Endeavour Capital Advisors, an estimated $6M added.
- The largest Center Bancorp seller in Q2 2018 was EJF Capital, an estimated $10.8M sold.
Based on aggregated 13F filings for Q2 2018.