CBRE Global Real Estate Income Fund
IGR
96 hedge funds and large institutions have $208M invested in CBRE Global Real Estate Income Fund in 2016 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 30 increasing their positions, 30 reducing their positions, and 16 closing their positions.
31% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 16
4% more funds holding
Funds holding: 92 → 96 (+4)
0.79% more ownership
Funds ownership: 23.63% → 24.42% (+0.79%)
0% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 30
10% less capital invested
Capital invested by funds: $231M → $208M (-$23.5M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$9.13M |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
+$4.93M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$4.78M |
| 4 |
Citigroup
New York
|
+$2.39M |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
-$16.4M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$3.9M |
| 3 |
MCM
Moore Capital Management
New York
|
-$2.27M |
| 4 |
Morgan Stanley
New York
|
-$1.6M |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$982K |
IGR Hedge Fund Activity: Q4 2016 in Review
96 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in CBRE Global Real Estate Income Fund (IGR) for Q4 2016, worth a combined $208M — down 10% from $231M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new IGR positions and 16 closed out — a net gain of 5 holders — while 30 added to existing stakes and 30 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $9.13M. The largest seller was McGowan Group Asset Management, exiting entirely with an estimated $16.4M sold.
- 96 institutional investors held CBRE Global Real Estate Income Fund (IGR) as of Q4 2016, up from 92 in Q3 2016.
- Funds reported $208M of CBRE Global Real Estate Income Fund stock for Q4 2016, down 10% quarter-over-quarter.
- 21 funds opened new CBRE Global Real Estate Income Fund positions in Q4 2016 and 16 closed out, a net change of +5 holders.
- The largest CBRE Global Real Estate Income Fund buyer in Q4 2016 was Rivernorth Capital Management, an estimated $9.13M added.
- The largest CBRE Global Real Estate Income Fund seller in Q4 2016 was McGowan Group Asset Management, an estimated $16.4M sold.
Based on aggregated 13F filings for Q4 2016.