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NRO

Neuberger Real Estate Securities Income Fund Inc
NRO

44 hedge funds and large institutions have $58.7M invested in Neuberger Real Estate Securities Income Fund Inc in 2013 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

15% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 13

3.24% more ownership

Funds ownership: 19.05% → 22.28% (+3.2%)

0% more funds holding

Funds holding: 44 → 44 (0)

0% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 5

22% less capital invested

Capital invested by funds: $75.4M → $58.7M (-$16.7M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
44
Holders Change
–
Holders Change %
0%
% of All Funds
1.43%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
5
Increased
15
Reduced
13
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
NCM
Newgate Capital Management
Connecticut
+$3.16M
2
WAM
Wolverine Asset Management
Illinois
+$2.07M
3
CA
Cornerstone Advisors
North Carolina
+$1.09M
4
PAIM
Punch & Associates Investment Management
Minnesota
+$960K
5
RCM
Rivernorth Capital Management
Florida
+$833K

Top Sellers

1
AAM
Advisors Asset Management
Colorado
-$864K
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$298K
3
BRWA
B. Riley Wealth Advisors
Florida
-$235K
4
GC
Guggenheim Capital
Illinois
-$197K
5
MFS
MSI Financial Services
Massachusetts
-$160K
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
26
Guggenheim Capital
Illinois
$215K -$197K -44,767 -47%
SFS
27
Shaker Financial Services
Virginia
$205K -$34.8K -7,912 -14%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$186K -$3.02K -686 -2%
VKH
29
Virtu KCG Holdings
New York
$184K +$188K +42,652 New
U
30
UBS
Switzerland
$157K -$13.6K -3,085 -8%
Ameriprise
31
Ameriprise
Minnesota
$156K -$8.58K -1,951 -5%
PI
32
Placemark Investments
Illinois
$108K +$3.33K +756 +3%
CAM
33
Carret Asset Management
New York
$82K – – –
RJT
34
Raymond James Trust
Florida
$80K +$3.93K +893 +5%
OC
35
Oppenheimer & Co
New York
$76K – – –
SCM
36
Stonebridge Capital Management
California
$45K – – –
PNC Financial Services Group
37
PNC Financial Services Group
Pennsylvania
$18K +$229 +52 +1%
First Manhattan
38
First Manhattan
New York
$13K – – –
BFEC
39
Benjamin F. Edwards & Company
Missouri
$7K – – –
HNB
40
Huntington National Bank
Ohio
$7K – – –
OIA
41
Optimum Investment Advisors
Illinois
$7K +$6.92K +1,572 New
PP
42
Palladium Partners
Virginia
$6K – – –
WA
43
WFG Advisors
Texas
$4K – – –
NES
44
New England Securities
New York
$3K – – –
Northern Trust
45
Northern Trust
Illinois
– -$50K -10,776 Closed
Citigroup
46
Citigroup
New York
– -$30K -6,513 Closed
US Bancorp
47
US Bancorp
Minnesota
– -$20K -4,259 Closed
NMLIC
48
Northwestern Mutual Life Insurance Company
Wisconsin
– -$1K -173 Closed
1
2

NRO Hedge Fund Activity: Q3 2013 in Review

44 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Neuberger Real Estate Securities Income Fund Inc (NRO) for Q3 2013, worth a combined $58.7M — down 22% from $75.4M a quarter earlier.

Fund positioning in NRO was balanced in Q3 2013: 5 funds opened new positions, 5 closed out, 15 added to existing stakes and 13 trimmed.

The largest buyer was Newgate Capital Management, opening a new position worth an estimated $3.16M. The largest seller was Advisors Asset Management, cutting an estimated $864K.

  • 44 institutional investors held Neuberger Real Estate Securities Income Fund Inc (NRO) as of Q3 2013, unchanged from Q2 2013.
  • Funds reported $58.7M of Neuberger Real Estate Securities Income Fund Inc stock for Q3 2013, down 22% quarter-over-quarter.
  • 5 funds opened new Neuberger Real Estate Securities Income Fund Inc positions in Q3 2013 and 5 closed out, a net change of 0 holders.
  • The largest Neuberger Real Estate Securities Income Fund Inc buyer in Q3 2013 was Newgate Capital Management, an estimated $3.16M added.
  • The largest Neuberger Real Estate Securities Income Fund Inc seller in Q3 2013 was Advisors Asset Management, an estimated $864K sold.

Based on aggregated 13F filings for Q3 2013.