Cohen & Steers REIT and Preferred and Income Fund
RNP
85 hedge funds and large institutions have $190M invested in Cohen & Steers REIT and Preferred and Income Fund in 2016 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 33 increasing their positions, 26 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
27% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 26
4% more funds holding
Funds holding: 82 → 85 (+3)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
4% less capital invested
Capital invested by funds: $197M → $190M (-$7.33M)
1.23% less ownership
Funds ownership: 22.32% → 21.09% (-1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$1.1M |
| 2 |
SMC
Smith, Moore & Co
Clayton,
Missouri
|
+$696K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$681K |
| 4 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
+$659K |
| 5 |
Bessemer Group
Woodbridge,
New Jersey
|
+$599K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$4.72M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$4.32M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.92M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$1.36M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1M |
RNP Hedge Fund Activity: Q1 2016 in Review
85 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers REIT and Preferred and Income Fund (RNP) for Q1 2016, worth a combined $190M — down 3.7% from $197M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new RNP positions and 5 closed out — a net gain of 3 holders — while 33 added to existing stakes and 26 trimmed.
The largest buyer was Wells Fargo, adding an estimated $1.1M. The largest seller was Advisors Asset Management, cutting an estimated $4.72M.
- 85 institutional investors held Cohen & Steers REIT and Preferred and Income Fund (RNP) as of Q1 2016, up from 82 in Q4 2015.
- Funds reported $190M of Cohen & Steers REIT and Preferred and Income Fund stock for Q1 2016, down 3.7% quarter-over-quarter.
- 8 funds opened new Cohen & Steers REIT and Preferred and Income Fund positions in Q1 2016 and 5 closed out, a net change of +3 holders.
- The largest Cohen & Steers REIT and Preferred and Income Fund buyer in Q1 2016 was Wells Fargo, an estimated $1.1M added.
- The largest Cohen & Steers REIT and Preferred and Income Fund seller in Q1 2016 was Advisors Asset Management, an estimated $4.72M sold.
Based on aggregated 13F filings for Q1 2016.