Center Bancorp
CNOB
112 hedge funds and large institutions have $317M invested in Center Bancorp in 2020 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 48 increasing their positions, 39 reducing their positions, and 21 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 39
4.27% less ownership
Funds ownership: 63.71% → 59.44% (-4.3%)
13% less funds holding
Funds holding: 128 → 112 (-16)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
45% less capital invested
Capital invested by funds: $580M → $317M (-$263M)
62% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$15.7M |
| 2 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
+$12.1M |
| 3 |
JP Morgan Chase
New York
|
+$5.36M |
| 4 |
RCAMU
Rothschild & Co Asset Management US
Stamford,
Connecticut
|
+$3.87M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$3.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Peregrine Capital Management
Minneapolis,
Minnesota
|
-$7.69M |
| 2 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$3.03M |
| 3 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$2.25M |
| 4 |
Goldman Sachs
New York
|
-$2.05M |
| 5 |
MSL
Mackay Shields LLC
New York
|
-$2.05M |
CNOB Hedge Fund Activity: Q1 2020 in Review
112 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q1 2020, worth a combined $317M — down 45% from $580M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of CNOB and 8 opened new positions — a net loss of 13 holders — while 39 trimmed existing stakes and 48 added.
The largest buyer was Fidelity Investments, adding an estimated $15.7M. The largest seller was Peregrine Capital Management, exiting entirely with an estimated $7.69M sold.
- 112 institutional investors held Center Bancorp (CNOB) as of Q1 2020, down from 128 in Q4 2019.
- Funds reported $317M of Center Bancorp stock for Q1 2020, down 45% quarter-over-quarter.
- 8 funds opened new Center Bancorp positions in Q1 2020 and 21 closed out, a net change of -13 holders.
- The largest Center Bancorp buyer in Q1 2020 was Fidelity Investments, an estimated $15.7M added.
- The largest Center Bancorp seller in Q1 2020 was Peregrine Capital Management, an estimated $7.69M sold.
Based on aggregated 13F filings for Q1 2020.