Cohen & Steers REIT and Preferred and Income Fund
RNP
79 hedge funds and large institutions have $192M invested in Cohen & Steers REIT and Preferred and Income Fund in 2014 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 27 increasing their positions, 17 reducing their positions, and 10 closing their positions.
70% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 10
59% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 17
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
27% more capital invested
Capital invested by funds: $151M → $192M (+$40.9M)
8% more funds holding
Funds holding: 73 → 79 (+6)
3.03% more ownership
Funds ownership: 17.6% → 20.63% (+3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$3.42M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$3.37M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.03M |
| 4 |
Morgan Stanley
New York
|
+$1.42M |
| 5 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$1.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.83M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.37M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$2.36M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$992K |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$861K |
RNP Hedge Fund Activity: Q4 2014 in Review
79 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers REIT and Preferred and Income Fund (RNP) for Q4 2014, worth a combined $192M — up 27% from $151M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new RNP positions and 10 closed out — a net gain of 7 holders — while 27 added to existing stakes and 17 trimmed.
The largest buyer was United Capital Financial Advisors, adding an estimated $3.42M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.83M.
- 79 institutional investors held Cohen & Steers REIT and Preferred and Income Fund (RNP) as of Q4 2014, up from 73 in Q3 2014.
- Funds reported $192M of Cohen & Steers REIT and Preferred and Income Fund stock for Q4 2014, up 27% quarter-over-quarter.
- 17 funds opened new Cohen & Steers REIT and Preferred and Income Fund positions in Q4 2014 and 10 closed out, a net change of +7 holders.
- The largest Cohen & Steers REIT and Preferred and Income Fund buyer in Q4 2014 was United Capital Financial Advisors, an estimated $3.42M added.
- The largest Cohen & Steers REIT and Preferred and Income Fund seller in Q4 2014 was Rivernorth Capital Management, an estimated $2.83M sold.
Based on aggregated 13F filings for Q4 2014.