Center Bancorp
CNOB
96 hedge funds and large institutions have $293M invested in Center Bancorp in 2016 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 39 increasing their positions, 25 reducing their positions, and 3 closing their positions.
300% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 3
56% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 25
9% more funds holding
Funds holding: 88 → 96 (+8)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less capital invested
Capital invested by funds: $304M → $293M (-$11.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
+$5.48M |
| 2 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
+$3.63M |
| 3 |
Goldman Sachs
New York
|
+$2.46M |
| 4 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$1.97M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$1.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EA
Emerald Advisers
Leola,
Pennsylvania
|
-$8.75M |
| 2 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$7.14M |
| 3 |
JAM
Jacobs Asset Management
New York
|
-$3.5M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.76M |
| 5 |
CC
Consector Capital
New York
|
-$413K |
CNOB Hedge Fund Activity: Q2 2016 in Review
96 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q2 2016, worth a combined $293M — down 3.9% from $304M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new CNOB positions and 3 closed out — a net gain of 9 holders — while 39 added to existing stakes and 25 trimmed.
The largest buyer was Endeavour Capital Advisors, adding an estimated $5.48M. The largest seller was Emerald Advisers, cutting an estimated $8.75M.
- 96 institutional investors held Center Bancorp (CNOB) as of Q2 2016, up from 88 in Q1 2016.
- Funds reported $293M of Center Bancorp stock for Q2 2016, down 3.9% quarter-over-quarter.
- 12 funds opened new Center Bancorp positions in Q2 2016 and 3 closed out, a net change of +9 holders.
- The largest Center Bancorp buyer in Q2 2016 was Endeavour Capital Advisors, an estimated $5.48M added.
- The largest Center Bancorp seller in Q2 2016 was Emerald Advisers, an estimated $8.75M sold.
Based on aggregated 13F filings for Q2 2016.