Cohen & Steers
121 hedge funds and large institutions have $777M invested in Cohen & Steers in 2016 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 49 increasing their positions, 41 reducing their positions, and 17 closing their positions.
33% more capital invested
Capital invested by funds: $582M → $777M (+$194M)
20% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 41
1.74% more ownership
Funds ownership: 42.06% → 43.8% (+1.7%)
5% less funds holding
Funds holding: 127 → 121 (-6)
35% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
+$17.7M |
| 2 |
O
OppenheimerFunds
New York
|
+$9.85M |
| 3 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
+$6.37M |
| 4 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$5.41M |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$5.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Century Capital Management
Boston,
Massachusetts
|
-$21.1M |
| 2 |
Millennium Management
New York
|
-$3.09M |
| 3 |
Two Sigma Investments
New York
|
-$1.66M |
| 4 |
Morgan Stanley
New York
|
-$1.32M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.24M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TC
126
TFS Capital
West Chester,
Pennsylvania
| – | -$564K | -18,497 | Closed |
|
|
AA
127
ALPS Advisors
Denver,
Colorado
| – | -$524K | -17,185 | Closed |
|
|
LA
128
Lucus Advisors
New York
| – | -$485K | -15,902 | Closed |
|
|
EMG
129
Ellington Management Group
Old Greenwich,
Connecticut
| – | -$475K | -15,597 | Closed |
|
|
PCM
130
Piermont Capital Management
St. Louis,
Missouri
| – | -$389K | -12,770 | Closed |
|
|
GAM
131
Gotham Asset Management
New York
| – | -$304K | -9,981 | Closed |
|
|
HIM
132
Hillsdale Investment Management
Toronto,
Ontario, Canada
| – | -$296K | -9,700 | Closed |
|
133
Nomura Holdings
Tokyo,
Japan
| – | -$207K | -6,786 | Closed |
|
|
PCM
134
Prelude Capital Management
New York
| – | -$125K | -4,100 | Closed |
|
|
MCM
135
Manchester Capital Management
Manchester,
Vermont
| – | -$61K | -2,000 | Closed |
|
|
IA
136
IFP Advisors
Tampa,
Florida
| – | -$6K | -200 | Closed |
|
137
Loomis, Sayles & Company
Boston,
Massachusetts
| – | -$3K | -101 | Closed |
|
CNS Hedge Fund Activity: Q1 2016 in Review
121 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers (CNS) for Q1 2016, worth a combined $777M — up 33% from $582M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of CNS and 11 opened new positions — a net loss of 6 holders — while 41 trimmed existing stakes and 49 added.
The largest buyer was Perkins Investment Management, opening a new position worth an estimated $17.7M. The largest seller was Century Capital Management, cutting an estimated $21.1M.
- 121 institutional investors held Cohen & Steers (CNS) as of Q1 2016, down from 127 in Q4 2015.
- Funds reported $777M of Cohen & Steers stock for Q1 2016, up 33% quarter-over-quarter.
- 11 funds opened new Cohen & Steers positions in Q1 2016 and 17 closed out, a net change of -6 holders.
- The largest Cohen & Steers buyer in Q1 2016 was Perkins Investment Management, an estimated $17.7M added.
- The largest Cohen & Steers seller in Q1 2016 was Century Capital Management, an estimated $21.1M sold.
Based on aggregated 13F filings for Q1 2016.