Center Bancorp
CNOB
113 hedge funds and large institutions have $424M invested in Center Bancorp in 2019 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 42 increasing their positions, 39 reducing their positions, and 15 closing their positions.
8% more capital invested
Capital invested by funds: $394M → $424M (+$29.9M)
8% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 39
3% less funds holding
Funds holding: 117 → 113 (-4)
5.48% less ownership
Funds ownership: 66.27% → 60.79% (-5.5%)
13% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$7.37M |
| 2 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$4.23M |
| 3 |
LBS
Lawrence B. Seidman
|
+$3.76M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$3.08M |
| 5 |
TA
Teachers Advisors
New York
|
+$2.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Brown Advisory
Baltimore,
Maryland
|
-$7.92M |
| 2 |
Millennium Management
New York
|
-$4.71M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$4.58M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$3.33M |
| 5 |
BlackRock
New York
|
-$3.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Bessemer Group
Woodbridge,
New Jersey
| – | -$15K | -809 | Closed |
|
127
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$10K | -510 | Closed |
|
|
FGAM
128
Financial Gravity Asset Management
Lakeway,
Texas
| – | +$102 | +5 | New |
|
CNOB Hedge Fund Activity: Q1 2019 in Review
113 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q1 2019, worth a combined $424M — up 7.6% from $394M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of CNOB and 13 opened new positions — a net loss of 2 holders — while 39 trimmed existing stakes and 42 added.
The largest buyer was JP Morgan Chase, adding an estimated $7.37M. The largest seller was Brown Advisory, cutting an estimated $7.92M.
- 113 institutional investors held Center Bancorp (CNOB) as of Q1 2019, down from 117 in Q4 2018.
- Funds reported $424M of Center Bancorp stock for Q1 2019, up 7.6% quarter-over-quarter.
- 13 funds opened new Center Bancorp positions in Q1 2019 and 15 closed out, a net change of -2 holders.
- The largest Center Bancorp buyer in Q1 2019 was JP Morgan Chase, an estimated $7.37M added.
- The largest Center Bancorp seller in Q1 2019 was Brown Advisory, an estimated $7.92M sold.
Based on aggregated 13F filings for Q1 2019.