Center Bancorp
CNOB
128 hedge funds and large institutions have $580M invested in Center Bancorp in 2019 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 44 increasing their positions, 45 reducing their positions, and 6 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
183% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 6
18% more capital invested
Capital invested by funds: $490M → $580M (+$89.9M)
6% more funds holding
Funds holding: 121 → 128 (+7)
1.35% more ownership
Funds ownership: 62.36% → 63.71% (+1.4%)
2% less repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 45
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$7.31M |
| 2 |
RCAMU
Rothschild & Co Asset Management US
Stamford,
Connecticut
|
+$7.27M |
| 3 |
BlackRock
New York
|
+$7.1M |
| 4 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
+$4.9M |
| 5 |
MPAM
Monarch Partners Asset Management
Boston,
Massachusetts
|
+$3.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$8.21M |
| 2 |
LBS
Lawrence B. Seidman
|
-$4.41M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$2.93M |
| 4 |
CA
Corrado Advisors
Ramsey,
New Jersey
|
-$2.11M |
| 5 |
BCM
BHZ Capital Management
San Jose,
California
|
-$1.93M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIM
126
Aigen Investment Management
New York
| $7K | +$6.45K | +265 | New |
|
|
FWM
127
Focused Wealth Management
Newburgh,
New York
| $6K | – | – | – |
|
|
LBS
128
Lawrence B. Seidman
| – | -$4.41M | -198,700 | Closed |
|
|
SO
129
STRS Ohio
Columbus,
Ohio
| – | -$712K | -32,100 | Closed |
|
|
SFM
130
Systematic Financial Management
Teaneck,
New Jersey
| – | -$480K | -21,630 | Closed |
|
|
AG
131
Algert Global
San Francisco,
California
| – | -$467K | -21,040 | Closed |
|
132
Millennium Management
New York
| – | -$243K | -10,964 | Closed |
|
|
QT
133
Quantamental Technologies
White Plains,
New York
| – | -$29K | -1,318 | Closed |
|
|
TRCT
134
Tower Research Capital (TRC)
New York
| – | -$2.65K | -109 | -96% |
|
CNOB Hedge Fund Activity: Q4 2019 in Review
128 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q4 2019, worth a combined $580M — up 18% from $490M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new CNOB positions and 6 closed out — a net gain of 11 holders — while 44 added to existing stakes and 45 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $7.31M. The largest seller was Basswood Capital Management, cutting an estimated $8.21M.
- 128 institutional investors held Center Bancorp (CNOB) as of Q4 2019, up from 121 in Q3 2019.
- Funds reported $580M of Center Bancorp stock for Q4 2019, up 18% quarter-over-quarter.
- 17 funds opened new Center Bancorp positions in Q4 2019 and 6 closed out, a net change of +11 holders.
- The largest Center Bancorp buyer in Q4 2019 was Fidelity Investments, an estimated $7.31M added.
- The largest Center Bancorp seller in Q4 2019 was Basswood Capital Management, an estimated $8.21M sold.
Based on aggregated 13F filings for Q4 2019.