Center Bancorp
CNOB
119 hedge funds and large institutions have $412M invested in Center Bancorp in 2020 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 58 increasing their positions, 34 reducing their positions, and 7 closing their positions.
100% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 7
71% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 34
30% more capital invested
Capital invested by funds: $318M → $412M (+$94.5M)
6% more funds holding
Funds holding: 112 → 119 (+7)
4.87% more ownership
Funds ownership: 59.56% → 64.43% (+4.9%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$10.5M |
| 2 |
EC
EJF Capital
Arlington,
Virginia
|
+$3.36M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.39M |
| 4 |
Northern Trust
Chicago,
Illinois
|
+$2.31M |
| 5 |
BlackRock
New York
|
+$1.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
-$3.56M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$1.9M |
| 3 |
Renaissance Technologies
New York
|
-$1.43M |
| 4 |
BCM
BHZ Capital Management
San Jose,
California
|
-$1.35M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
-$684K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$22K | -1,599 | Closed |
|
CNOB Hedge Fund Activity: Q2 2020 in Review
119 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q2 2020, worth a combined $412M — up 30% from $318M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new CNOB positions and 7 closed out — a net gain of 7 holders — while 58 added to existing stakes and 34 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $10.5M. The largest seller was Castine Capital Management, cutting an estimated $3.56M.
- 119 institutional investors held Center Bancorp (CNOB) as of Q2 2020, up from 112 in Q1 2020.
- Funds reported $412M of Center Bancorp stock for Q2 2020, up 30% quarter-over-quarter.
- 14 funds opened new Center Bancorp positions in Q2 2020 and 7 closed out, a net change of +7 holders.
- The largest Center Bancorp buyer in Q2 2020 was Fidelity Investments, an estimated $10.5M added.
- The largest Center Bancorp seller in Q2 2020 was Castine Capital Management, an estimated $3.56M sold.
Based on aggregated 13F filings for Q2 2020.