Center Bancorp
CNOB
90 hedge funds and large institutions have $319M invested in Center Bancorp in 2015 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 40 increasing their positions, 29 reducing their positions, and 6 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 29
6% more capital invested
Capital invested by funds: $302M → $319M (+$17.4M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less funds holding
Funds holding: 92 → 90 (-2)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$11.5M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
+$3.09M |
| 3 |
ICOM
Investment Counselors of Maryland
Baltimore,
Maryland
|
+$2.72M |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$2.63M |
| 5 |
Bank of New York Mellon
New York
|
+$2.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
-$17.1M |
| 2 |
JAM
Jacobs Asset Management
New York
|
-$2.29M |
| 3 |
CP
Clover Partners
Dallas,
Texas
|
-$1.86M |
| 4 |
EI
EAM Investors
Solana Beach,
California
|
-$1.65M |
| 5 |
LBS
Lawrence B. Seidman
|
-$1.52M |
CNOB Hedge Fund Activity: Q1 2015 in Review
90 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q1 2015, worth a combined $319M — up 5.8% from $302M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of CNOB and 5 opened new positions — a net loss of 1 holder — while 29 trimmed existing stakes and 40 added.
The largest buyer was Fidelity Investments, adding an estimated $11.5M. The largest seller was EJF Capital, exiting entirely with an estimated $17.1M sold.
- 90 institutional investors held Center Bancorp (CNOB) as of Q1 2015, down from 92 in Q4 2014.
- Funds reported $319M of Center Bancorp stock for Q1 2015, up 5.8% quarter-over-quarter.
- 5 funds opened new Center Bancorp positions in Q1 2015 and 6 closed out, a net change of -1 holder.
- The largest Center Bancorp buyer in Q1 2015 was Fidelity Investments, an estimated $11.5M added.
- The largest Center Bancorp seller in Q1 2015 was EJF Capital, an estimated $17.1M sold.
Based on aggregated 13F filings for Q1 2015.