Cohen & Steers Closed End Opportunity Fund
FOF
42 hedge funds and large institutions have $49.7M invested in Cohen & Steers Closed End Opportunity Fund in 2019 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 9 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 11
9% more capital invested
Capital invested by funds: $45.6M → $49.7M (+$4.06M)
0.35% less ownership
Funds ownership: 15.11% → 14.77% (-0.35%)
9% less funds holding
Funds holding: 46 → 42 (-4)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$746K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$293K |
| 4 |
6M
6 Meridian
Wichita,
Kansas
|
+$239K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$206K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.34M |
| 2 |
Morgan Stanley
New York
|
-$1.16M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.05M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$470K |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$251K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citigroup
New York
| – | -$1K | -100 | Closed |
|
FOF Hedge Fund Activity: Q1 2019 in Review
42 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Closed End Opportunity Fund (FOF) for Q1 2019, worth a combined $49.7M — up 8.9% from $45.6M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FOF and 5 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 15 added.
The largest buyer was Shaker Financial Services, opening a new position worth an estimated $2M. The largest seller was Thomas J. Herzfeld Advisors, cutting an estimated $1.34M.
- 42 institutional investors held Cohen & Steers Closed End Opportunity Fund (FOF) as of Q1 2019, down from 46 in Q4 2018.
- Funds reported $49.7M of Cohen & Steers Closed End Opportunity Fund stock for Q1 2019, up 8.9% quarter-over-quarter.
- 5 funds opened new Cohen & Steers Closed End Opportunity Fund positions in Q1 2019 and 9 closed out, a net change of -4 holders.
- The largest Cohen & Steers Closed End Opportunity Fund buyer in Q1 2019 was Shaker Financial Services, an estimated $2M added.
- The largest Cohen & Steers Closed End Opportunity Fund seller in Q1 2019 was Thomas J. Herzfeld Advisors, an estimated $1.34M sold.
Based on aggregated 13F filings for Q1 2019.