Center Bancorp
CNOB
137 hedge funds and large institutions have $681M invested in Center Bancorp in 2021 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 48 increasing their positions, 45 reducing their positions, and 9 closing their positions.
111% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 9
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
8% more funds holding
Funds holding: 127 → 137 (+10)
1.02% more ownership
Funds ownership: 64.38% → 65.41% (+1%)
7% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 45
5% more capital invested
Capital invested by funds: $649M → $681M (+$31.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Peregrine Capital Management
Minneapolis,
Minnesota
|
+$18.5M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$5.77M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$4.55M |
| 4 |
ICOM
Investment Counselors of Maryland
Baltimore,
Maryland
|
+$4.46M |
| 5 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$4.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$45.6M |
| 2 |
Renaissance Technologies
New York
|
-$4.21M |
| 3 |
BlackRock
New York
|
-$3.95M |
| 4 |
RCAMU
Rothschild & Co Asset Management US
Stamford,
Connecticut
|
-$2.37M |
| 5 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
-$2.22M |
CNOB Hedge Fund Activity: Q2 2021 in Review
137 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q2 2021, worth a combined $681M — up 4.8% from $649M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new CNOB positions and 9 closed out — a net gain of 10 holders — while 48 added to existing stakes and 45 trimmed.
The largest buyer was Peregrine Capital Management, opening a new position worth an estimated $18.5M. The largest seller was Fidelity Investments, cutting an estimated $45.6M.
- 137 institutional investors held Center Bancorp (CNOB) as of Q2 2021, up from 127 in Q1 2021.
- Funds reported $681M of Center Bancorp stock for Q2 2021, up 4.8% quarter-over-quarter.
- 19 funds opened new Center Bancorp positions in Q2 2021 and 9 closed out, a net change of +10 holders.
- The largest Center Bancorp buyer in Q2 2021 was Peregrine Capital Management, an estimated $18.5M added.
- The largest Center Bancorp seller in Q2 2021 was Fidelity Investments, an estimated $45.6M sold.
Based on aggregated 13F filings for Q2 2021.