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Center Bancorp
CNOB

150 hedge funds and large institutions have $465M invested in Center Bancorp in 2023 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 66 increasing their positions, 44 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

856% more call options, than puts

Call options by funds: $153K | Put options by funds: $16K

50% more repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 44

0.74% less ownership

Funds ownership: 67.86% → 67.12% (-0.74%)

4% less funds holding

Funds holding: 156 → 150 (-6)

21% less capital invested

Capital invested by funds: $585M → $465M (-$121M)

21% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 19

Holders
150
Holders Change
-6
Holders Change %
-3.85%
% of All Funds
2.39%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
66
Reduced
44
Closed
19
Calls
$153K
Puts
$16K
Net Calls
+$137K
Net Calls Change
+$174K

Top Buyers

1
BGIM
Brandywine Global Investment Management
Pennsylvania
+$6.9M
2
Bank of America
Bank of America
North Carolina
+$3.7M
3
Citadel Advisors
Citadel Advisors
Florida
+$3.05M
4
American Century Companies
American Century Companies
Missouri
+$2.8M
5
State Street
State Street
Massachusetts
+$2.55M

Top Sellers

1
PCM
Peregrine Capital Management
Minnesota
-$10.9M
2
Millennium Management
Millennium Management
New York
-$10.2M
3
EC
EJF Capital
Virginia
-$4.06M
4
PCM
Palouse Capital Management
Washington
-$3.34M
5
N
Nuveen
North Carolina
-$2.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$55.8M +$2.31M +101,255 +3%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$46.9M +$1.49M +65,356 +3%
Vanguard Group
3
Vanguard Group
Pennsylvania
$35.6M +$1.22M +53,428 +3%
American Century Companies
4
American Century Companies
Missouri
$29.4M +$2.8M +122,923 +8%
William Blair Investment Management
5
William Blair Investment Management
Illinois
$19.9M +$75.1K +3,295 +0.3%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$18.7M -$1M -44,035 -4%
State Street
7
State Street
Massachusetts
$17.9M +$2.55M +111,699 +12%
Goldman Sachs
8
Goldman Sachs
New York
$17.5M -$2.35M -103,123 -9%
JP Morgan Chase
9
JP Morgan Chase
New York
$17.4M -$478K -20,984 -2%
N
10
Nuveen
North Carolina
$15.6M -$2.85M -125,224 -12%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$12.8M +$890K +39,055 +6%
Bank of America
12
Bank of America
North Carolina
$11.5M +$3.7M +162,467 +33%
BFC
13
Banc Funds Company
Illinois
$11M – – –
BGIM
14
Brandywine Global Investment Management
Pennsylvania
$9.13M +$6.9M +302,723 +142%
Hotchkis & Wiley Capital Management
15
Hotchkis & Wiley Capital Management
California
$8.78M +$2.13M +93,470 +23%
Northern Trust
16
Northern Trust
Illinois
$7.29M -$62.1K -2,724 -0.7%
Manulife (Manufacturers Life Insurance)
17
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$6.75M -$162K -7,105 -2%
Ameriprise
18
Ameriprise
Minnesota
$6.47M +$442K +19,418 +6%
EARNEST Partners
19
EARNEST Partners
Georgia
$5.42M -$2.62K -115 -0%
Charles Schwab
20
Charles Schwab
California
$5.21M +$617K +27,070 +10%
Renaissance Technologies
21
Renaissance Technologies
New York
$4.65M -$216K -9,500 -3%
VOYA Investment Management
22
VOYA Investment Management
Georgia
$3.83M +$284K +12,474 +6%
Bank of New York Mellon
23
Bank of New York Mellon
New York
$3.75M -$97.5K -4,277 -2%
SEI Investments
24
SEI Investments
Pennsylvania
$3.19M -$1.81M -79,535 -31%
PI
25
Putnam Investments
Massachusetts
$3.08M +$58.1K +2,552 +1%
1
2 3 4 5

CNOB Hedge Fund Activity: Q1 2023 in Review

150 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Center Bancorp (CNOB) for Q1 2023, worth a combined $465M — down 21% from $585M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of CNOB and 15 opened new positions — a net loss of 4 holders — while 44 trimmed existing stakes and 66 added.

The largest buyer was Brandywine Global Investment Management, adding an estimated $6.9M. The largest seller was Peregrine Capital Management, exiting entirely with an estimated $10.9M sold.

  • 150 institutional investors held Center Bancorp (CNOB) as of Q1 2023, down from 156 in Q4 2022.
  • Funds reported $465M of Center Bancorp stock for Q1 2023, down 21% quarter-over-quarter.
  • 15 funds opened new Center Bancorp positions in Q1 2023 and 19 closed out, a net change of -4 holders.
  • The largest Center Bancorp buyer in Q1 2023 was Brandywine Global Investment Management, an estimated $6.9M added.
  • The largest Center Bancorp seller in Q1 2023 was Peregrine Capital Management, an estimated $10.9M sold.

Based on aggregated 13F filings for Q1 2023.