Cohen & Steers REIT and Preferred and Income Fund
RNP
79 hedge funds and large institutions have $157M invested in Cohen & Steers REIT and Preferred and Income Fund in 2014 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 34 increasing their positions, 18 reducing their positions, and 7 closing their positions.
89% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 18
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
13% more capital invested
Capital invested by funds: $139M → $157M (+$17.5M)
1% more funds holding
Funds holding: 78 → 79 (+1)
0.74% more ownership
Funds ownership: 16.7% → 17.44% (+0.74%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$7.34M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.76M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$2.75M |
| 4 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
+$1.32M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$1.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$5.17M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$4.65M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.55M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.16M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$814K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WA
76
WFG Advisors
Dallas,
Texas
| $7K | -$21K | -1,200 | -75% |
|
|
HDIM
77
Hanson & Doremus Investment Management
Burlington,
Vermont
| $5K | – | – | – |
|
|
CFS
78
Community Financial System
Dewitt,
New York
| $4K | – | – | – |
|
|
SFSIG
79
San Francisco Sentry Investment Group
San Francisco,
California
| $2K | – | – | – |
|
|
WEC
80
Winslow Evans & Crocker
Boston,
Massachusetts
| $36 | – | – | – |
|
|
BC
81
Brookfield Corp
Toronto,
Ontario, Canada
| – | -$5.17M | -304,100 | Closed |
|
|
82
1832 Asset Management
Toronto,
Ontario, Canada
| – | -$4.65M | -275,223 | Closed |
|
|
BKBG
83
BHF Kleinwort Benson Group
Brussels,
Belgium
| – | -$194K | -11,387 | Closed |
|
|
AA
84
Ancora Advisors
Cleveland,
Ohio
| – | -$187K | -11,000 | Closed |
|
|
TI
85
Turner Investments
Berwyn,
Pennsylvania
| – | -$17K | -1,000 | Closed |
|
|
DADC
86
D.A. Davidson & Co
Great Falls,
Montana
| – | -$13K | -800 | Closed |
|
87
Barclays
London,
United Kingdom
| – | -$9K | -500 | Closed |
|
RNP Hedge Fund Activity: Q2 2014 in Review
79 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers REIT and Preferred and Income Fund (RNP) for Q2 2014, worth a combined $157M — up 13% from $139M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new RNP positions and 7 closed out — a net gain of 2 holders — while 34 added to existing stakes and 18 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $7.34M. The largest seller was Brookfield Corp, exiting entirely with an estimated $5.17M sold.
- 79 institutional investors held Cohen & Steers REIT and Preferred and Income Fund (RNP) as of Q2 2014, up from 78 in Q1 2014.
- Funds reported $157M of Cohen & Steers REIT and Preferred and Income Fund stock for Q2 2014, up 13% quarter-over-quarter.
- 9 funds opened new Cohen & Steers REIT and Preferred and Income Fund positions in Q2 2014 and 7 closed out, a net change of +2 holders.
- The largest Cohen & Steers REIT and Preferred and Income Fund buyer in Q2 2014 was Advisors Asset Management, an estimated $7.34M added.
- The largest Cohen & Steers REIT and Preferred and Income Fund seller in Q2 2014 was Brookfield Corp, an estimated $5.17M sold.
Based on aggregated 13F filings for Q2 2014.