Center Bancorp
CNOB
95 hedge funds and large institutions have $368M invested in Center Bancorp in 2015 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 42 increasing their positions, 31 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
35% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 31
18% more capital invested
Capital invested by funds: $312M → $368M (+$55.5M)
6% more funds holding
Funds holding: 90 → 95 (+5)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$20.4M |
| 2 |
Bank of New York Mellon
New York
|
+$5.47M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$2.69M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$2.63M |
| 5 |
State Street
Boston,
Massachusetts
|
+$1.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$5.91M |
| 2 |
CP
Clover Partners
Dallas,
Texas
|
-$5.8M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$4.18M |
| 4 |
LBS
Lawrence B. Seidman
|
-$3.35M |
| 5 |
JAM
Jacobs Asset Management
New York
|
-$3.07M |
CNOB Hedge Fund Activity: Q2 2015 in Review
95 of the 3,713 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q2 2015, worth a combined $368M — up 18% from $312M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new CNOB positions and 7 closed out — a net gain of 5 holders — while 42 added to existing stakes and 31 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $20.4M. The largest seller was Eaton Vance Management, cutting an estimated $5.91M.
- 95 institutional investors held Center Bancorp (CNOB) as of Q2 2015, up from 90 in Q1 2015.
- Funds reported $368M of Center Bancorp stock for Q2 2015, up 18% quarter-over-quarter.
- 12 funds opened new Center Bancorp positions in Q2 2015 and 7 closed out, a net change of +5 holders.
- The largest Center Bancorp buyer in Q2 2015 was Fidelity Investments, an estimated $20.4M added.
- The largest Center Bancorp seller in Q2 2015 was Eaton Vance Management, an estimated $5.91M sold.
Based on aggregated 13F filings for Q2 2015.