Cohen & Steers Closed End Opportunity Fund
FOF
37 hedge funds and large institutions have $43.6M invested in Cohen & Steers Closed End Opportunity Fund in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 16 reducing their positions, and 5 closing their positions.
3% less funds holding
Funds holding: 38 → 37 (-1)
5.18% less ownership
Funds ownership: 18.2% → 13.03% (-5.2%)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
24% less capital invested
Capital invested by funds: $57.2M → $43.6M (-$13.6M)
31% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 16
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$960K |
| 2 |
ZA
Zazove Associates
Incline Village,
Nevada
|
+$590K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$530K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$371K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$362K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$12.3M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.5M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.23M |
| 4 |
Citigroup
New York
|
-$819K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$696K |
FOF Hedge Fund Activity: Q3 2016 in Review
37 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Closed End Opportunity Fund (FOF) for Q3 2016, worth a combined $43.6M — down 24% from $57.2M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FOF and 4 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 11 added.
The largest buyer was Bank of America, adding an estimated $960K. The largest seller was Financial & Investment Management Group, cutting an estimated $12.3M.
- 37 institutional investors held Cohen & Steers Closed End Opportunity Fund (FOF) as of Q3 2016, down from 38 in Q2 2016.
- Funds reported $43.6M of Cohen & Steers Closed End Opportunity Fund stock for Q3 2016, down 24% quarter-over-quarter.
- 4 funds opened new Cohen & Steers Closed End Opportunity Fund positions in Q3 2016 and 5 closed out, a net change of -1 holder.
- The largest Cohen & Steers Closed End Opportunity Fund buyer in Q3 2016 was Bank of America, an estimated $960K added.
- The largest Cohen & Steers Closed End Opportunity Fund seller in Q3 2016 was Financial & Investment Management Group, an estimated $12.3M sold.
Based on aggregated 13F filings for Q3 2016.