Center Bancorp
CNOB
116 hedge funds and large institutions have $542M invested in Center Bancorp in 2016 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 41 increasing their positions, 35 reducing their positions, and 9 closing their positions.
211% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 9
65.85% more ownership
Funds ownership: 0% → 65.85% (+66%)
59% more capital invested
Capital invested by funds: $341M → $542M (+$201M)
18% more funds holding
Funds holding: 98 → 116 (+18)
17% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 35
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$10.5M |
| 2 |
CAM
Cortina Asset Management
Milwaukee,
Wisconsin
|
+$4.3M |
| 3 |
Goldman Sachs
New York
|
+$3.49M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$3.36M |
| 5 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
+$3.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
-$6.84M |
| 2 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
-$6.06M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$4.67M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$3.81M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$2.21M |
CNOB Hedge Fund Activity: Q4 2016 in Review
116 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q4 2016, worth a combined $542M — up 59% from $341M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new CNOB positions and 9 closed out — a net gain of 19 holders — while 41 added to existing stakes and 35 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $10.5M. The largest seller was Mendon Capital Advisors, cutting an estimated $6.84M.
- 116 institutional investors held Center Bancorp (CNOB) as of Q4 2016, up from 98 in Q3 2016.
- Funds reported $542M of Center Bancorp stock for Q4 2016, up 59% quarter-over-quarter.
- 28 funds opened new Center Bancorp positions in Q4 2016 and 9 closed out, a net change of +19 holders.
- The largest Center Bancorp buyer in Q4 2016 was Wellington Management Group, an estimated $10.5M added.
- The largest Center Bancorp seller in Q4 2016 was Mendon Capital Advisors, an estimated $6.84M sold.
Based on aggregated 13F filings for Q4 2016.