Cohen & Steers
121 hedge funds and large institutions have $735M invested in Cohen & Steers in 2014 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 37 increasing their positions, 38 reducing their positions, and 6 closing their positions.
233% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 6
13% more funds holding
Funds holding: 107 → 121 (+14)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 38
2.59% less ownership
Funds ownership: 45.33% → 42.73% (-2.6%)
16% less capital invested
Capital invested by funds: $880M → $735M (-$145M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ESCM
Echo Street Capital Management
New York
|
+$3.94M |
| 2 |
Lazard Asset Management
New York
|
+$2.84M |
| 3 |
CIP
Convergence Investment Partners
Palm Beach Gardens,
Florida
|
+$1.31M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$1.22M |
| 5 |
D.E. Shaw & Co
New York
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$20.8M |
| 2 |
JP Morgan Chase
New York
|
-$16.8M |
| 3 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$7.48M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$4.49M |
| 5 |
Goldman Sachs
New York
|
-$3.27M |
CNS Hedge Fund Activity: Q3 2014 in Review
121 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers (CNS) for Q3 2014, worth a combined $735M — down 16% from $880M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new CNS positions and 6 closed out — a net gain of 14 holders — while 37 added to existing stakes and 38 trimmed.
The largest buyer was Echo Street Capital Management, opening a new position worth an estimated $3.94M. The largest seller was Royce & Associates, cutting an estimated $20.8M.
- 121 institutional investors held Cohen & Steers (CNS) as of Q3 2014, up from 107 in Q2 2014.
- Funds reported $735M of Cohen & Steers stock for Q3 2014, down 16% quarter-over-quarter.
- 20 funds opened new Cohen & Steers positions in Q3 2014 and 6 closed out, a net change of +14 holders.
- The largest Cohen & Steers buyer in Q3 2014 was Echo Street Capital Management, an estimated $3.94M added.
- The largest Cohen & Steers seller in Q3 2014 was Royce & Associates, an estimated $20.8M sold.
Based on aggregated 13F filings for Q3 2014.