Center Bancorp
CNOB
93 hedge funds and large institutions have $348M invested in Center Bancorp in 2015 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 42 increasing their positions, 25 reducing their positions, and 12 closing their positions.
68% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 25
1.86% more ownership
Funds ownership: 58.13% → 59.99% (+1.9%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 12
2% less funds holding
Funds holding: 95 → 93 (-2)
7% less capital invested
Capital invested by funds: $376M → $348M (-$27.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$4.87M |
| 2 |
CAM
Cortina Asset Management
Milwaukee,
Wisconsin
|
+$4.18M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$3.57M |
| 4 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
+$3.11M |
| 5 |
Renaissance Technologies
New York
|
+$2.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
-$6.58M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$2.88M |
| 3 |
SC
Seawolf Capital
New York
|
-$2.46M |
| 4 |
Bank of New York Mellon
New York
|
-$2.37M |
| 5 |
LBS
Lawrence B. Seidman
|
-$2.33M |
CNOB Hedge Fund Activity: Q3 2015 in Review
93 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q3 2015, worth a combined $348M — down 7.4% from $376M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of CNOB and 11 opened new positions — a net loss of 1 holder — while 25 trimmed existing stakes and 42 added.
The largest buyer was Wellington Management Group, adding an estimated $4.87M. The largest seller was Mendon Capital Advisors, cutting an estimated $6.58M.
- 93 institutional investors held Center Bancorp (CNOB) as of Q3 2015, down from 95 in Q2 2015.
- Funds reported $348M of Center Bancorp stock for Q3 2015, down 7.4% quarter-over-quarter.
- 11 funds opened new Center Bancorp positions in Q3 2015 and 12 closed out, a net change of -1 holder.
- The largest Center Bancorp buyer in Q3 2015 was Wellington Management Group, an estimated $4.87M added.
- The largest Center Bancorp seller in Q3 2015 was Mendon Capital Advisors, an estimated $6.58M sold.
Based on aggregated 13F filings for Q3 2015.