Center Bancorp
CNOB
162 hedge funds and large institutions have $612M invested in Center Bancorp in 2022 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 51 increasing their positions, 60 reducing their positions, and 12 closing their positions.
50% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 12
3% more funds holding
Funds holding: 157 → 162 (+5)
0.42% more ownership
Funds ownership: 67.16% → 67.58% (+0.42%)
6% less capital invested
Capital invested by funds: $649M → $612M (-$37.4M)
15% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 60
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$6.88M |
| 2 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$2.3M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$1.95M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$1.63M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$3.1M |
| 2 |
State Street
Boston,
Massachusetts
|
-$3.03M |
| 3 |
Goldman Sachs
New York
|
-$2.86M |
| 4 |
Millennium Management
New York
|
-$2.59M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$2.33M |
CNOB Hedge Fund Activity: Q3 2022 in Review
162 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q3 2022, worth a combined $612M — down 5.8% from $649M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new CNOB positions and 12 closed out — a net gain of 6 holders — while 51 added to existing stakes and 60 trimmed.
The largest buyer was Hotchkis & Wiley Capital Management, opening a new position worth an estimated $6.88M. The largest seller was Kennedy Capital Management, cutting an estimated $3.1M.
- 162 institutional investors held Center Bancorp (CNOB) as of Q3 2022, up from 157 in Q2 2022.
- Funds reported $612M of Center Bancorp stock for Q3 2022, down 5.8% quarter-over-quarter.
- 18 funds opened new Center Bancorp positions in Q3 2022 and 12 closed out, a net change of +6 holders.
- The largest Center Bancorp buyer in Q3 2022 was Hotchkis & Wiley Capital Management, an estimated $6.88M added.
- The largest Center Bancorp seller in Q3 2022 was Kennedy Capital Management, an estimated $3.1M sold.
Based on aggregated 13F filings for Q3 2022.