Center Bancorp
CNOB
118 hedge funds and large institutions have $521M invested in Center Bancorp in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 46 increasing their positions, 38 reducing their positions, and 13 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 38
0.35% less ownership
Funds ownership: 67.42% → 67.06% (-0.35%)
4% less capital invested
Capital invested by funds: $540M → $521M (-$19.3M)
3% less funds holding
Funds holding: 122 → 118 (-4)
31% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$4.79M |
| 2 |
ICOM
Investment Counselors of Maryland
Baltimore,
Maryland
|
+$3.48M |
| 3 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
+$3.04M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.43M |
| 5 |
Goldman Sachs
New York
|
+$2.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
-$8.61M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$4.38M |
| 3 |
State Street
Boston,
Massachusetts
|
-$2.78M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$2.2M |
| 5 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$1.87M |
CNOB Hedge Fund Activity: Q3 2018 in Review
118 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q3 2018, worth a combined $521M — down 3.6% from $540M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of CNOB and 9 opened new positions — a net loss of 4 holders — while 38 trimmed existing stakes and 46 added.
The largest buyer was Millennium Management, adding an estimated $4.79M. The largest seller was Elizabeth Park Capital Advisors, cutting an estimated $8.61M.
- 118 institutional investors held Center Bancorp (CNOB) as of Q3 2018, down from 122 in Q2 2018.
- Funds reported $521M of Center Bancorp stock for Q3 2018, down 3.6% quarter-over-quarter.
- 9 funds opened new Center Bancorp positions in Q3 2018 and 13 closed out, a net change of -4 holders.
- The largest Center Bancorp buyer in Q3 2018 was Millennium Management, an estimated $4.79M added.
- The largest Center Bancorp seller in Q3 2018 was Elizabeth Park Capital Advisors, an estimated $8.61M sold.
Based on aggregated 13F filings for Q3 2018.