Center Bancorp
CNOB
87 hedge funds and large institutions have $290M invested in Center Bancorp in 2014 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 40 increasing their positions, 9 reducing their positions, and 10 closing their positions.
344% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 9
220% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 10
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
67% more capital invested
Capital invested by funds: $174M → $290M (+$117M)
34% more funds holding
Funds holding: 65 → 87 (+22)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$26.9M |
| 2 |
EC
EJF Capital
Arlington,
Virginia
|
+$15.5M |
| 3 |
Brown Advisory
Baltimore,
Maryland
|
+$10.9M |
| 4 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
+$10.8M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$8.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LBS
Lawrence B. Seidman
|
-$45.3M |
| 2 |
CEI
Clark Estates Inc
New York
|
-$4.63M |
| 3 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
-$1.61M |
| 4 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
-$1.14M |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
-$927K |
CNOB Hedge Fund Activity: Q3 2014 in Review
87 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q3 2014, worth a combined $290M — up 67% from $174M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new CNOB positions and 10 closed out — a net gain of 22 holders — while 40 added to existing stakes and 9 trimmed.
The largest buyer was Wellington Management Group, opening a new position worth an estimated $26.9M. The largest seller was Lawrence B. Seidman, cutting an estimated $45.3M.
- 87 institutional investors held Center Bancorp (CNOB) as of Q3 2014, up from 65 in Q2 2014.
- Funds reported $290M of Center Bancorp stock for Q3 2014, up 67% quarter-over-quarter.
- 32 funds opened new Center Bancorp positions in Q3 2014 and 10 closed out, a net change of +22 holders.
- The largest Center Bancorp buyer in Q3 2014 was Wellington Management Group, an estimated $26.9M added.
- The largest Center Bancorp seller in Q3 2014 was Lawrence B. Seidman, an estimated $45.3M sold.
Based on aggregated 13F filings for Q3 2014.