Center Bancorp
CNOB
121 hedge funds and large institutions have $490M invested in Center Bancorp in 2019 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 48 increasing their positions, 39 reducing their positions, and 10 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 39
20% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 10
2% more funds holding
Funds holding: 119 → 121 (+2)
1.3% more ownership
Funds ownership: 61.06% → 62.36% (+1.3%)
0% less capital invested
Capital invested by funds: $491M → $490M (-$1.53M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
+$4.69M |
| 2 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
+$4.42M |
| 3 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$3.71M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.55M |
| 5 |
BlackRock
New York
|
+$2.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$7.54M |
| 2 |
LBS
Lawrence B. Seidman
|
-$3.54M |
| 3 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$1.84M |
| 4 |
CP
Clover Partners
Dallas,
Texas
|
-$1.74M |
| 5 |
MCM
Maltese Capital Management
New York
|
-$1.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Canada Life
Winnipeg,
Manitoba, Canada
| – | -$105K | -4,651 | Closed |
|
|
DA
127
Denali Advisors
San Diego,
California
| – | -$45K | -2,000 | Closed |
|
|
FIA
128
FNY Investment Advisers
New York
| – | -$6K | -265 | Closed |
|
129
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$3K | -138 | Closed |
|
|
CAW
130
Cornerstone Advisors (Washington)
Bellevue,
Washington
| – | -$1K | -29 | Closed |
|
CNOB Hedge Fund Activity: Q3 2019 in Review
121 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q3 2019, worth a combined $490M — down 0.31% from $491M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new CNOB positions and 10 closed out — a net gain of 2 holders — while 48 added to existing stakes and 39 trimmed.
The largest buyer was Basswood Capital Management, adding an estimated $4.69M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $7.54M.
- 121 institutional investors held Center Bancorp (CNOB) as of Q3 2019, up from 119 in Q2 2019.
- Funds reported $490M of Center Bancorp stock for Q3 2019, down 0.31% quarter-over-quarter.
- 12 funds opened new Center Bancorp positions in Q3 2019 and 10 closed out, a net change of +2 holders.
- The largest Center Bancorp buyer in Q3 2019 was Basswood Capital Management, an estimated $4.69M added.
- The largest Center Bancorp seller in Q3 2019 was Manulife (Manufacturers Life Insurance), an estimated $7.54M sold.
Based on aggregated 13F filings for Q3 2019.