Center Bancorp
CNOB
119 hedge funds and large institutions have $491M invested in Center Bancorp in 2019 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 46 increasing their positions, 36 reducing their positions, and 10 closing their positions.
80% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 10
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
28% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 36
16% more capital invested
Capital invested by funds: $424M → $491M (+$67M)
5% more funds holding
Funds holding: 113 → 119 (+6)
0.27% more ownership
Funds ownership: 60.79% → 61.06% (+0.27%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
+$11.5M |
| 2 |
BlackRock
New York
|
+$4.89M |
| 3 |
CA
Corrado Advisors
Ramsey,
New Jersey
|
+$1.84M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$1.8M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$1.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Brown Advisory
Baltimore,
Maryland
|
-$12.6M |
| 2 |
JAM
Jacobs Asset Management
New York
|
-$2.06M |
| 3 |
BCM
Basswood Capital Management
New York
|
-$2M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$1.84M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$779K |
CNOB Hedge Fund Activity: Q2 2019 in Review
119 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q2 2019, worth a combined $491M — up 16% from $424M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new CNOB positions and 10 closed out — a net gain of 8 holders — while 46 added to existing stakes and 36 trimmed.
The largest buyer was Nuveen, opening a new position worth an estimated $11.5M. The largest seller was Brown Advisory, cutting an estimated $12.6M.
- 119 institutional investors held Center Bancorp (CNOB) as of Q2 2019, up from 113 in Q1 2019.
- Funds reported $491M of Center Bancorp stock for Q2 2019, up 16% quarter-over-quarter.
- 18 funds opened new Center Bancorp positions in Q2 2019 and 10 closed out, a net change of +8 holders.
- The largest Center Bancorp buyer in Q2 2019 was Nuveen, an estimated $11.5M added.
- The largest Center Bancorp seller in Q2 2019 was Brown Advisory, an estimated $12.6M sold.
Based on aggregated 13F filings for Q2 2019.