Cohen & Steers REIT and Preferred and Income Fund
RNP
78 hedge funds and large institutions have $139M invested in Cohen & Steers REIT and Preferred and Income Fund in 2014 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 18 reducing their positions, and 9 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 18
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
10% more capital invested
Capital invested by funds: $126M → $139M (+$13M)
1% more funds holding
Funds holding: 77 → 78 (+1)
0.36% more ownership
Funds ownership: 16.35% → 16.7% (+0.36%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$5.4M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.54M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$1.51M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.05M |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$940K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$2.41M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.19M |
| 3 |
Morgan Stanley
New York
|
-$1.6M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.55M |
| 5 |
SG Americas Securities
New York
|
-$1.19M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HDIM
76
Hanson & Doremus Investment Management
Burlington,
Vermont
| $5K | – | – | – |
|
|
CFS
77
Community Financial System
Dewitt,
New York
| $3K | – | – | – |
|
|
SFSIG
78
San Francisco Sentry Investment Group
San Francisco,
California
| $1K | – | – | – |
|
|
WEC
79
Winslow Evans & Crocker
Boston,
Massachusetts
| $34 | – | – | – |
|
|
80
SG Americas Securities
New York
| – | -$1.19M | -76,021 | Closed |
|
|
DIA
81
Dean Investment Associates
Beavercreek,
Ohio
| – | -$1.12M | -71,510 | Closed |
|
|
FAT
82
First American Trust
Santa Ana,
California
| – | -$508K | -32,364 | Closed |
|
|
VKH
83
Virtu KCG Holdings
New York
| – | -$486K | -30,960 | Closed |
|
|
RCM
84
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$323K | -18,406 | Closed |
|
|
ASN
85
Advisory Services Network
Atlanta,
Georgia
| – | -$31K | -2,000 | Closed |
|
|
GFM
86
Gramercy Funds Management
Greenwich,
Connecticut
| – | -$31K | -2,000 | Closed |
|
|
TRCT
87
Tower Research Capital (TRC)
New York
| – | -$5K | -308 | Closed |
|
|
HI
88
Hudock Inc
Williamsport,
Pennsylvania
| – | -$2K | -100 | Closed |
|
RNP Hedge Fund Activity: Q1 2014 in Review
78 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers REIT and Preferred and Income Fund (RNP) for Q1 2014, worth a combined $139M — up 10% from $126M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new RNP positions and 9 closed out — a net gain of 1 holder — while 27 added to existing stakes and 18 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $5.4M. The largest seller was 1832 Asset Management, cutting an estimated $2.41M.
- 78 institutional investors held Cohen & Steers REIT and Preferred and Income Fund (RNP) as of Q1 2014, up from 77 in Q4 2013.
- Funds reported $139M of Cohen & Steers REIT and Preferred and Income Fund stock for Q1 2014, up 10% quarter-over-quarter.
- 10 funds opened new Cohen & Steers REIT and Preferred and Income Fund positions in Q1 2014 and 9 closed out, a net change of +1 holder.
- The largest Cohen & Steers REIT and Preferred and Income Fund buyer in Q1 2014 was Advisors Asset Management, an estimated $5.4M added.
- The largest Cohen & Steers REIT and Preferred and Income Fund seller in Q1 2014 was 1832 Asset Management, an estimated $2.41M sold.
Based on aggregated 13F filings for Q1 2014.