CBC ranks #3759 out of 37501 tracked stocks by institutional interest, inside the more closely watched half of our coverage.
CBC is a top-conviction position for North Reef Capital Management LP — at 5.4% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in CBC belongs to CENTRAL TRUST Co, but the position matters far more to North Reef Capital Management LP, who has 5.4% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
North Reef Capital Management LP has added to its CBC position for two straight quarters, increasing it by $108.1M to reach $139.7M today.
Champlain Investment Partners, LLC has trimmed its CBC position for two straight quarters, cutting it by $17.2M while still holding $25.0M.
CBC is up 2.4% today, and institutions have been net buyers of $183.6M this quarter — today's price move and the underlying institutional flow are pointing the same direction.