Center Bancorp
CNOB
75 hedge funds and large institutions have $177M invested in Center Bancorp in 2014 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 24 reducing their positions, and 9 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 24
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
7% more capital invested
Capital invested by funds: $165M → $177M (+$11.8M)
3.02% more ownership
Funds ownership: 53.74% → 56.76% (+3%)
0% more funds holding
Funds holding: 75 → 75 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
+$3.3M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$2.45M |
| 3 |
ICOM
Investment Counselors of Maryland
Baltimore,
Maryland
|
+$1.74M |
| 4 |
Renaissance Technologies
New York
|
+$1.62M |
| 5 |
CP
Clover Partners
Dallas,
Texas
|
+$1.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.38M |
| 2 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$823K |
| 3 |
NFA
Nationwide Fund Advisors
Columbus,
Ohio
|
-$703K |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$510K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$453K |
CNOB Hedge Fund Activity: Q1 2014 in Review
75 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q1 2014, worth a combined $177M — up 7.2% from $165M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new CNOB positions and 9 closed out — a net gain of 1 holder — while 27 added to existing stakes and 24 trimmed.
The largest buyer was Mendon Capital Advisors, opening a new position worth an estimated $3.3M. The largest seller was TFS Capital, exiting entirely with an estimated $1.38M sold.
- 75 institutional investors held Center Bancorp (CNOB) as of Q1 2014, unchanged from Q4 2013.
- Funds reported $177M of Center Bancorp stock for Q1 2014, up 7.2% quarter-over-quarter.
- 10 funds opened new Center Bancorp positions in Q1 2014 and 9 closed out, a net change of +1 holder.
- The largest Center Bancorp buyer in Q1 2014 was Mendon Capital Advisors, an estimated $3.3M added.
- The largest Center Bancorp seller in Q1 2014 was TFS Capital, an estimated $1.38M sold.
Based on aggregated 13F filings for Q1 2014.