Center Bancorp
CNOB
127 hedge funds and large institutions have $649M invested in Center Bancorp in 2021 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 35 increasing their positions, 51 reducing their positions, and 7 closing their positions.
186% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 7
29% more capital invested
Capital invested by funds: $502M → $649M (+$147M)
9% more funds holding
Funds holding: 116 → 127 (+11)
0.6% more ownership
Funds ownership: 63.79% → 64.38% (+0.6%)
31% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 51
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$6.29M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
+$6.06M |
| 3 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
+$4.93M |
| 4 |
State Street
Boston,
Massachusetts
|
+$2.59M |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$1.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$5.37M |
| 2 |
BCM
Basswood Capital Management
New York
|
-$3.03M |
| 3 |
Renaissance Technologies
New York
|
-$2.72M |
| 4 |
Northern Trust
Chicago,
Illinois
|
-$2.22M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
-$1.92M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QCG
126
Quadrant Capital Group
Cincinnati,
Ohio
| $1K | – | – | – |
|
|
AIG
127
American International Group
New York
| $548 | +$1.34K | +57 | +0.3% |
|
|
BCM
128
Basswood Capital Management
New York
| – | -$3.03M | -152,928 | Closed |
|
|
BCM
129
BHZ Capital Management
San Jose,
California
| – | -$781K | -39,485 | Closed |
|
|
WSC
130
Wellington Shields & Co
New York
| – | -$562K | -28,410 | Closed |
|
|
MSL
131
Mackay Shields LLC
New York
| – | -$283K | -14,300 | Closed |
|
132
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
| – | -$69K | -3,486 | Closed |
|
133
Lazard Asset Management
New York
| – | -$26K | -1,317 | Closed |
|
|
SN
134
Sittner & Nelson
Eugene,
Oregon
| – | -$4K | -218 | Closed |
|
CNOB Hedge Fund Activity: Q1 2021 in Review
127 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q1 2021, worth a combined $649M — up 29% from $502M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new CNOB positions and 7 closed out — a net gain of 13 holders — while 35 added to existing stakes and 51 trimmed.
The largest buyer was BlackRock, adding an estimated $6.29M. The largest seller was Fidelity Investments, cutting an estimated $5.37M.
- 127 institutional investors held Center Bancorp (CNOB) as of Q1 2021, up from 116 in Q4 2020.
- Funds reported $649M of Center Bancorp stock for Q1 2021, up 29% quarter-over-quarter.
- 20 funds opened new Center Bancorp positions in Q1 2021 and 7 closed out, a net change of +13 holders.
- The largest Center Bancorp buyer in Q1 2021 was BlackRock, an estimated $6.29M added.
- The largest Center Bancorp seller in Q1 2021 was Fidelity Investments, an estimated $5.37M sold.
Based on aggregated 13F filings for Q1 2021.