Center Bancorp
CNOB
113 hedge funds and large institutions have $493M invested in Center Bancorp in 2017 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 51 increasing their positions, 30 reducing their positions, and 11 closing their positions.
82% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 11
70% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 30
9% more funds holding
Funds holding: 104 → 113 (+9)
0.38% more ownership
Funds ownership: 67.98% → 68.35% (+0.38%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
6% less capital invested
Capital invested by funds: $527M → $493M (-$33.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
+$14.3M |
| 2 |
CP
Clover Partners
Dallas,
Texas
|
+$6.56M |
| 3 |
HHC
Hutchin Hill Capital
New York
|
+$4.52M |
| 4 |
JAM
Jacobs Asset Management
New York
|
+$4.23M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$3.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$28.1M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$19M |
| 3 |
JP Morgan Chase
New York
|
-$2.19M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$2.03M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$1.75M |
CNOB Hedge Fund Activity: Q2 2017 in Review
113 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q2 2017, worth a combined $493M — down 6.3% from $527M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new CNOB positions and 11 closed out — a net gain of 9 holders — while 51 added to existing stakes and 30 trimmed.
The largest buyer was EJF Capital, opening a new position worth an estimated $14.3M. The largest seller was Wellington Management Group, cutting an estimated $28.1M.
- 113 institutional investors held Center Bancorp (CNOB) as of Q2 2017, up from 104 in Q1 2017.
- Funds reported $493M of Center Bancorp stock for Q2 2017, down 6.3% quarter-over-quarter.
- 20 funds opened new Center Bancorp positions in Q2 2017 and 11 closed out, a net change of +9 holders.
- The largest Center Bancorp buyer in Q2 2017 was EJF Capital, an estimated $14.3M added.
- The largest Center Bancorp seller in Q2 2017 was Wellington Management Group, an estimated $28.1M sold.
Based on aggregated 13F filings for Q2 2017.