Cohen & Steers REIT and Preferred and Income Fund
RNP
74 hedge funds and large institutions have $180M invested in Cohen & Steers REIT and Preferred and Income Fund in 2015 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 28 increasing their positions, 21 reducing their positions, and 12 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 21
0.31% more ownership
Funds ownership: 21.15% → 21.46% (+0.31%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
6% less funds holding
Funds holding: 79 → 74 (-5)
11% less capital invested
Capital invested by funds: $202M → $180M (-$21.8M)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$4.35M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$2.54M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.89M |
| 4 |
CP
Camelot Portfolios
Maumee,
Ohio
|
+$1.31M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$5.51M |
| 2 |
Morgan Stanley
New York
|
-$1.98M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.92M |
| 4 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$884K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$765K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
SG Americas Securities
New York
| – | -$303K | -15,600 | Closed |
|
|
WAM
77
Winslow Asset Management
Beachwood,
Ohio
| – | -$240K | -12,338 | Closed |
|
78
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$201K | -10,310 | Closed |
|
79
BNP Paribas Financial Markets
Paris,
France
| – | -$198K | -10,201 | Closed |
|
|
BWA
80
Burt Wealth Advisors
North Bethesda,
Maryland
| – | -$59K | -3,054 | Closed |
|
|
SHJ
81
Sharkey, Howes & Javer
Denver,
Colorado
| – | -$58K | -3,000 | Closed |
|
|
PSI
82
Pinnacle Summer Investments
Fairfax,
Virginia
| – | -$43K | -2,200 | Closed |
|
83
Creative Planning
Overland Park,
Kansas
| – | -$41K | -2,131 | Closed |
|
|
GAM
84
Gemmer Asset Management
Walnut Creek,
California
| – | -$32K | -1,650 | Closed |
|
|
MA
85
MUFG Americas
New York
| – | -$15K | -785 | Closed |
|
|
IC
86
Intersect Capital
San Ramon,
California
| – | -$9K | -500 | Closed |
|
87
AllianceBernstein
Nashville,
Tennessee
| – | -$2K | -100 | Closed |
|
RNP Hedge Fund Activity: Q2 2015 in Review
74 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers REIT and Preferred and Income Fund (RNP) for Q2 2015, worth a combined $180M — down 11% from $202M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of RNP and 8 opened new positions — a net loss of 4 holders — while 21 trimmed existing stakes and 28 added.
The largest buyer was City of London Investment Management, opening a new position worth an estimated $4.35M. The largest seller was Advisors Asset Management, cutting an estimated $5.51M.
- 74 institutional investors held Cohen & Steers REIT and Preferred and Income Fund (RNP) as of Q2 2015, down from 79 in Q1 2015.
- Funds reported $180M of Cohen & Steers REIT and Preferred and Income Fund stock for Q2 2015, down 11% quarter-over-quarter.
- 8 funds opened new Cohen & Steers REIT and Preferred and Income Fund positions in Q2 2015 and 12 closed out, a net change of -4 holders.
- The largest Cohen & Steers REIT and Preferred and Income Fund buyer in Q2 2015 was City of London Investment Management, an estimated $4.35M added.
- The largest Cohen & Steers REIT and Preferred and Income Fund seller in Q2 2015 was Advisors Asset Management, an estimated $5.51M sold.
Based on aggregated 13F filings for Q2 2015.