Center Bancorp
CNOB
116 hedge funds and large institutions have $502M invested in Center Bancorp in 2020 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 36 increasing their positions, 45 reducing their positions, and 11 closing their positions.
40% more capital invested
Capital invested by funds: $358M → $502M (+$144M)
0.18% less ownership
Funds ownership: 63.97% → 63.79% (-0.18%)
2% less funds holding
Funds holding: 118 → 116 (-2)
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
20% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 45
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$4.21M |
| 2 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
+$2.83M |
| 3 |
BlackRock
New York
|
+$2.8M |
| 4 |
BCM
Basswood Capital Management
New York
|
+$2.68M |
| 5 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$2.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MPAM
Monarch Partners Asset Management
Boston,
Massachusetts
|
-$4.8M |
| 2 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$4.31M |
| 3 |
MCM
Maltese Capital Management
New York
|
-$2.57M |
| 4 |
Renaissance Technologies
New York
|
-$1.17M |
| 5 |
Goldman Sachs
New York
|
-$1.01M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Nisa Investment Advisors
St. Louis,
Missouri
| – | -$32K | -2,250 | Closed |
|
|
GT
127
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$4K | -315 | Closed |
|
CNOB Hedge Fund Activity: Q4 2020 in Review
116 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q4 2020, worth a combined $502M — up 40% from $358M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of CNOB and 9 opened new positions — a net loss of 2 holders — while 45 trimmed existing stakes and 36 added.
The largest buyer was Fidelity Investments, adding an estimated $4.21M. The largest seller was Monarch Partners Asset Management, cutting an estimated $4.8M.
- 116 institutional investors held Center Bancorp (CNOB) as of Q4 2020, down from 118 in Q3 2020.
- Funds reported $502M of Center Bancorp stock for Q4 2020, up 40% quarter-over-quarter.
- 9 funds opened new Center Bancorp positions in Q4 2020 and 11 closed out, a net change of -2 holders.
- The largest Center Bancorp buyer in Q4 2020 was Fidelity Investments, an estimated $4.21M added.
- The largest Center Bancorp seller in Q4 2020 was Monarch Partners Asset Management, an estimated $4.8M sold.
Based on aggregated 13F filings for Q4 2020.