Center Bancorp
CNOB
140 hedge funds and large institutions have $442M invested in Center Bancorp in 2023 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 58 increasing their positions, 48 reducing their positions, and 23 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 48
0.82% more ownership
Funds ownership: 67.12% → 67.93% (+0.82%)
5% less capital invested
Capital invested by funds: $465M → $442M (-$22.8M)
7% less funds holding
Funds holding: 150 → 140 (-10)
43% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 23
58% less call options, than puts
Call options by funds: $129K | Put options by funds: $307K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$26.5M |
| 2 |
JP Morgan Chase
New York
|
+$7.5M |
| 3 |
BlackRock
New York
|
+$6.55M |
| 4 |
Millennium Management
New York
|
+$3.52M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$3.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
-$19.9M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$8.8M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$6.33M |
| 4 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$3.36M |
| 5 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$2.73M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SGI
151
Summit Global Investments
Bountiful,
Utah
| – | -$276K | -15,600 | Closed |
|
|
EGM
152
Engineers Gate Manager
New York
| – | -$260K | -14,728 | Closed |
|
153
Squarepoint
New York
| – | -$254K | -14,390 | Closed |
|
154
SG Americas Securities
New York
| – | -$245K | -13,848 | Closed |
|
|
ECM
155
ExodusPoint Capital Management
New York
| – | -$225K | -12,726 | Closed |
|
156
Jane Street
New York
| – | -$212K | -12,012 | Closed |
|
|
YIH
157
Y-Intercept (HK)
Hong Kong
| – | -$194K | -10,965 | Closed |
|
|
QT
158
Quantbot Technologies
New York
| – | -$193K | -10,939 | Closed |
|
|
CIP
159
Cornerstone Investment Partners
Atlanta,
Georgia
| – | -$187K | -10,587 | Closed |
|
|
BAM
160
Belpointe Asset Management
Reno,
Nevada
| – | -$41.3K | -2,335 | Closed |
|
|
PMEF
161
Point72 Middle East FZE
Dubai,
United Arab Emirates
| – | -$20K | -1,128 | Closed |
|
162
Allspring Global Investments
Charlotte,
North Carolina
| – | -$9.53K | -539 | Closed |
|
|
ACM
163
Aquatic Capital Management
Chicago,
Illinois
| – | -$2K | -100 | Closed |
|
CNOB Hedge Fund Activity: Q2 2023 in Review
140 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q2 2023, worth a combined $442M — down 4.9% from $465M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of CNOB and 13 opened new positions — a net loss of 10 holders — while 48 trimmed existing stakes and 58 added.
The largest buyer was Fidelity Investments, adding an estimated $26.5M. The largest seller was William Blair Investment Management, exiting entirely with an estimated $19.9M sold.
- 140 institutional investors held Center Bancorp (CNOB) as of Q2 2023, down from 150 in Q1 2023.
- Funds reported $442M of Center Bancorp stock for Q2 2023, down 4.9% quarter-over-quarter.
- 13 funds opened new Center Bancorp positions in Q2 2023 and 23 closed out, a net change of -10 holders.
- The largest Center Bancorp buyer in Q2 2023 was Fidelity Investments, an estimated $26.5M added.
- The largest Center Bancorp seller in Q2 2023 was William Blair Investment Management, an estimated $19.9M sold.
Based on aggregated 13F filings for Q2 2023.