Center Bancorp
CNOB
118 hedge funds and large institutions have $358M invested in Center Bancorp in 2020 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 30 increasing their positions, 49 reducing their positions, and 12 closing their positions.
0.46% less ownership
Funds ownership: 64.43% → 63.97% (-0.46%)
1% less funds holding
Funds holding: 119 → 118 (-1)
8% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 12
13% less capital invested
Capital invested by funds: $412M → $358M (-$54.2M)
39% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 49
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICOM
Investment Counselors of Maryland
Baltimore,
Maryland
|
+$7.5M |
| 2 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$3.78M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$3.43M |
| 4 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$1.69M |
| 5 |
MPAM
Monarch Partners Asset Management
Boston,
Massachusetts
|
+$1.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$2.42M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.24M |
| 3 |
MSL
Mackay Shields LLC
New York
|
-$1.68M |
| 4 |
BlackRock
New York
|
-$1.49M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$1.27M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EGM
126
Engineers Gate Manager
New York
| – | -$203K | -12,583 | Closed |
|
127
State of Tennessee, Department of Treasury
Nashville,
Tennessee
| – | -$193K | -11,973 | Closed |
|
128
Squarepoint
New York
| – | -$175K | -10,867 | Closed |
|
|
FWM
129
Focused Wealth Management
Newburgh,
New York
| – | -$4K | -245 | Closed |
|
130
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | +$73 | +5 | New |
|
CNOB Hedge Fund Activity: Q3 2020 in Review
118 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q3 2020, worth a combined $358M — down 13% from $412M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of CNOB and 11 opened new positions — a net loss of 1 holder — while 49 trimmed existing stakes and 30 added.
The largest buyer was Investment Counselors of Maryland, adding an estimated $7.5M. The largest seller was Stieven Capital Advisors, cutting an estimated $2.42M.
- 118 institutional investors held Center Bancorp (CNOB) as of Q3 2020, down from 119 in Q2 2020.
- Funds reported $358M of Center Bancorp stock for Q3 2020, down 13% quarter-over-quarter.
- 11 funds opened new Center Bancorp positions in Q3 2020 and 12 closed out, a net change of -1 holder.
- The largest Center Bancorp buyer in Q3 2020 was Investment Counselors of Maryland, an estimated $7.5M added.
- The largest Center Bancorp seller in Q3 2020 was Stieven Capital Advisors, an estimated $2.42M sold.
Based on aggregated 13F filings for Q3 2020.