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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
Morgan Stanley
1
Morgan Stanley
New York
$15.1M +$223K +50,658 +1%
AAM
2
Advisors Asset Management
Colorado
$7.46M -$864K -196,316 -10%
Wells Fargo
3
Wells Fargo
California
$7.07M +$295K +67,126 +4%
SLF
4
Sun Life Financial
Ontario, Canada
$5.14M -$3.69K -838 -80%
PAIM
5
Punch & Associates Investment Management
Minnesota
$3.46M +$960K +218,142 +37%
NCM
6
Newgate Capital Management
Connecticut
$3.1M +$3.16M +719,314 New
WAM
7
Wolverine Asset Management
Illinois
$2.85M +$2.07M +470,875 +248%
CA
8
Cornerstone Advisors
North Carolina
$1.98M +$1.09M +248,292 +118%
BI
9
Bulldog Investors
New Jersey
$1.73M -$52.2K -11,866 -3%
RCM
10
Rivernorth Capital Management
Florida
$1.73M +$833K +189,369 +90%
Bank of America
11
Bank of America
North Carolina
$1.42M +$42.7K +9,697 +3%
NSAM
12
North Star Asset Management
Wisconsin
$749K +$56.7K +12,892 +8%
TJHA
13
Thomas J. Herzfeld Advisors
Florida
$718K +$242 +55 +0%
DA
14
Doliver Advisors
Texas
$700K +$221K +50,274 +45%
VAM
15
Visium Asset Management
New York
$630K +$4.78K +1,087 +0.7%
TC
16
TFS Capital
Pennsylvania
$474K +$181K +41,098 +60%
LPL Financial
17
LPL Financial
California
$405K -$23.3K -5,289 -5%
COLIM
18
City of London Investment Management
United Kingdom
$370K +$372K +84,490 New
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$369K -$298K -67,825 -44%
VFS
20
VSR Financial Services
Kansas
$316K – – –
MFS
21
MSI Financial Services
Massachusetts
$313K -$160K -36,365 -33%
Neuberger Berman Group
22
Neuberger Berman Group
New York
$304K – – –
JG
23
Jefferies Group
New York
$284K +$289K +65,741 New
Invesco
24
Invesco
Georgia
$243K -$79.4K -18,044 -24%
BRWA
25
B. Riley Wealth Advisors
Florida
$228K -$235K -53,334 -50%
1
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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.