Center Bancorp
CNOB
104 hedge funds and large institutions have $527M invested in Center Bancorp in 2017 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 44 increasing their positions, 29 reducing their positions, and 17 closing their positions.
52% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 29
2.12% more ownership
Funds ownership: 65.85% → 67.98% (+2.1%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3% less capital invested
Capital invested by funds: $542M → $527M (-$15.4M)
10% less funds holding
Funds holding: 116 → 104 (-12)
41% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$41.1M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$20.9M |
| 3 |
HAI
Hennessy Advisors Inc
Novato,
California
|
+$5.93M |
| 4 |
Renaissance Technologies
New York
|
+$4.49M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$3.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
-$22.6M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$3.47M |
| 3 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
-$1.78M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$1.65M |
| 5 |
JAM
Jacobs Asset Management
New York
|
-$1.3M |
CNOB Hedge Fund Activity: Q1 2017 in Review
104 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q1 2017, worth a combined $527M — down 2.8% from $542M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of CNOB and 10 opened new positions — a net loss of 7 holders — while 29 trimmed existing stakes and 44 added.
The largest buyer was BlackRock, adding an estimated $41.1M. The largest seller was Endeavour Capital Advisors, cutting an estimated $22.6M.
- 104 institutional investors held Center Bancorp (CNOB) as of Q1 2017, down from 116 in Q4 2016.
- Funds reported $527M of Center Bancorp stock for Q1 2017, down 2.8% quarter-over-quarter.
- 10 funds opened new Center Bancorp positions in Q1 2017 and 17 closed out, a net change of -7 holders.
- The largest Center Bancorp buyer in Q1 2017 was BlackRock, an estimated $41.1M added.
- The largest Center Bancorp seller in Q1 2017 was Endeavour Capital Advisors, an estimated $22.6M sold.
Based on aggregated 13F filings for Q1 2017.