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Center Bancorp
CNOB

65 hedge funds and large institutions have $174M invested in Center Bancorp in 2014 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 30 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2% less capital invested

Capital invested by funds: $177M → $174M (-$3.2M)

13% less funds holding

Funds holding: 75 → 65 (-10)

33% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 30

63% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 16

Holders
65
Holders Change
-10
Holders Change %
-13.33%
% of All Funds
1.87%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
6
Increased
20
Reduced
30
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
ICOM
Investment Counselors of Maryland
Maryland
+$11.2M
2
Renaissance Technologies
Renaissance Technologies
New York
+$1.34M
3
EMFAT
Emerald Mutual Fund Advisers Trust
Pennsylvania
+$1.34M
4
CRC
Curi RMB Capital
Illinois
+$1.18M
5
CL
CSS LLC
Illinois
+$899K

Top Sellers

1
CLG
Cooperman Leon G
-$10.4M
2
MCA
Mendon Capital Advisors
Florida
-$1.97M
3
Bank of New York Mellon
Bank of New York Mellon
New York
-$1.7M
4
CAM
ClariVest Asset Management
California
-$1.49M
5
CP
Clover Partners
Texas
-$1.36M
Name Holding Trade Value Shares
Change 		Change in
Stake
LBS
1
Lawrence B. Seidman
$74M -$519K -27,843 -0.7%
ICOM
2
Investment Counselors of Maryland
Maryland
$13.4M +$11.2M +600,231 +627%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$10.3M +$444K +23,800 +5%
Vanguard Group
4
Vanguard Group
Pennsylvania
$7.75M +$415K +22,266 +6%
CEI
5
Clark Estates Inc
New York
$7.48M – – –
Renaissance Technologies
6
Renaissance Technologies
New York
$6.28M +$1.34M +71,601 +35%
BFA
7
BlackRock Fund Advisors
California
$5.7M -$658K -35,269 -11%
JAM
8
Jacobs Asset Management
New York
$4.03M -$220K -11,800 -5%
State Street
9
State Street
Massachusetts
$3.1M +$18.2K +976 +0.6%
KCM
10
Kennedy Capital Management
Missouri
$2.77M +$182K +9,743 +7%
Northern Trust
11
Northern Trust
Illinois
$2.61M -$678K -36,366 -21%
BIT
12
BlackRock Institutional Trust
California
$2.46M -$93.2K -4,998 -4%
EMFAT
13
Emerald Mutual Fund Advisers Trust
Pennsylvania
$2.42M +$1.34M +71,592 +132%
CRC
14
Curi RMB Capital
Illinois
$2.24M +$1.18M +63,333 New
EI
15
EAM Investors
California
$2.14M -$21.6K -1,156 -1%
BCA
16
Benchmark Capital Advisors
New York
$1.96M -$9.33K -500 -0.5%
ECA
17
Endeavour Capital Advisors
Connecticut
$1.61M – – –
MCA
18
Mendon Capital Advisors
Florida
$1.45M -$1.97M -105,467 -58%
Geode Capital Management
19
Geode Capital Management
Massachusetts
$1.3M +$148K +7,943 +13%
TCIM
20
TIAA CREF Investment Management
New York
$1.2M +$93.9K +5,034 +9%
FP
21
Foundry Partners
Minnesota
$1.14M -$10.3K -550 -0.9%
Deutsche Bank
22
Deutsche Bank
Germany
$1.09M +$12.7K +683 +1%
SCA
23
Stieven Capital Advisors
Missouri
$1.01M -$3.73K -200 -0.4%
JP Morgan Chase
24
JP Morgan Chase
New York
$995K -$20.5K -1,100 -2%
BCM
25
Bridgeway Capital Management
Texas
$946K -$4.66K -250 -0.5%
1
2 3 4

CNOB Hedge Fund Activity: Q2 2014 in Review

65 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q2 2014, worth a combined $174M — down 1.8% from $177M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of CNOB and 6 opened new positions — a net loss of 10 holders — while 30 trimmed existing stakes and 20 added.

The largest buyer was Investment Counselors of Maryland, adding an estimated $11.2M. The largest seller was Cooperman Leon G, exiting entirely with an estimated $10.4M sold.

  • 65 institutional investors held Center Bancorp (CNOB) as of Q2 2014, down from 75 in Q1 2014.
  • Funds reported $174M of Center Bancorp stock for Q2 2014, down 1.8% quarter-over-quarter.
  • 6 funds opened new Center Bancorp positions in Q2 2014 and 16 closed out, a net change of -10 holders.
  • The largest Center Bancorp buyer in Q2 2014 was Investment Counselors of Maryland, an estimated $11.2M added.
  • The largest Center Bancorp seller in Q2 2014 was Cooperman Leon G, an estimated $10.4M sold.

Based on aggregated 13F filings for Q2 2014.