Center Bancorp
CNOB
136 hedge funds and large institutions have $521M invested in Center Bancorp in 2024 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 51 increasing their positions, 44 reducing their positions, and 18 closing their positions.
16% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 44
1.87% more ownership
Funds ownership: 67.76% → 69.63% (+1.9%)
4% less funds holding
Funds holding: 142 → 136 (-6)
13% less capital invested
Capital invested by funds: $599M → $521M (-$78.1M)
28% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$12.4M |
| 2 |
BlackRock
New York
|
+$5.3M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$3.57M |
| 4 |
State Street
Boston,
Massachusetts
|
+$1.99M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$1.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KOCAA
Knights of Columbus Asset Advisors
New Haven,
Connecticut
|
-$5.64M |
| 2 |
Morgan Stanley
New York
|
-$5.25M |
| 3 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$2.59M |
| 4 |
HAI
Hennessy Advisors Inc
Novato,
California
|
-$1.57M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Osaic Holdings
Scottsdale,
Arizona
| – | -$23.8K | -1,040 | Closed |
|
152
Simplex Trading
Chicago,
Illinois
| – | -$1K | -82 | Closed |
|
153
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | +$273 | +13 | New |
|
CNOB Hedge Fund Activity: Q1 2024 in Review
136 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q1 2024, worth a combined $521M — down 13% from $599M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of CNOB and 13 opened new positions — a net loss of 5 holders — while 44 trimmed existing stakes and 51 added.
The largest buyer was Kennedy Capital Management, adding an estimated $12.4M. The largest seller was Knights of Columbus Asset Advisors, exiting entirely with an estimated $5.64M sold.
- 136 institutional investors held Center Bancorp (CNOB) as of Q1 2024, down from 142 in Q4 2023.
- Funds reported $521M of Center Bancorp stock for Q1 2024, down 13% quarter-over-quarter.
- 13 funds opened new Center Bancorp positions in Q1 2024 and 18 closed out, a net change of -5 holders.
- The largest Center Bancorp buyer in Q1 2024 was Kennedy Capital Management, an estimated $12.4M added.
- The largest Center Bancorp seller in Q1 2024 was Knights of Columbus Asset Advisors, an estimated $5.64M sold.
Based on aggregated 13F filings for Q1 2024.