Cohen & Steers REIT and Preferred and Income Fund
RNP
72 hedge funds and large institutions have $152M invested in Cohen & Steers REIT and Preferred and Income Fund in 2016 Q4 according to their latest regulatory filings, with 9 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
0.49% less ownership
Funds ownership: 17.14% → 16.66% (-0.49%)
5% less funds holding
Funds holding: 76 → 72 (-4)
8% less capital invested
Capital invested by funds: $165M → $152M (-$13M)
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$3.19M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
+$1.51M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.06M |
| 4 |
DBT
Dubuque Bank & Trust
Dubuque,
Iowa
|
+$882K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$606K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
-$7.92M |
| 2 |
MCM
Moore Capital Management
New York
|
-$2.12M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.93M |
| 4 |
AI
Atria Investments
Charlotte,
North Carolina
|
-$1.29M |
| 5 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
-$984K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AI
76
Atria Investments
Charlotte,
North Carolina
| – | -$1.29M | -64,138 | Closed |
|
|
DA
77
Doliver Advisors
Houston,
Texas
| – | -$413K | -20,504 | Closed |
|
78
Baird Financial Group
Milwaukee,
Wisconsin
| – | -$285K | -14,145 | Closed |
|
|
GAM
79
Gemmer Asset Management
Walnut Creek,
California
| – | -$41K | -2,050 | Closed |
|
|
SWA
80
Sutton Wealth Advisors
Tampa,
Florida
| – | -$34K | -1,809 | Closed |
|
|
KA
81
Klingman & Associates
New York
| – | -$30K | -1,500 | Closed |
|
|
HDIM
82
Hanson & Doremus Investment Management
Burlington,
Vermont
| – | -$5K | -262 | Closed |
|
|
WA
83
WFG Advisors
Dallas,
Texas
| – | -$5K | -258 | Closed |
|
|
CHP
84
Cable Hill Partners
Portland,
Oregon
| – | -$2K | -123 | Closed |
|
|
HS
85
Horan Securities
Cincinnati,
United States
| – | -$1K | -33 | Closed |
|
RNP Hedge Fund Activity: Q4 2016 in Review
72 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers REIT and Preferred and Income Fund (RNP) for Q4 2016, worth a combined $152M — down 7.9% from $165M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of RNP and 9 opened new positions — a net loss of 3 holders — while 21 trimmed existing stakes and 28 added.
The largest buyer was Wells Fargo, adding an estimated $3.19M. The largest seller was Stratos Wealth Partners, exiting entirely with an estimated $7.92M sold.
- 72 institutional investors held Cohen & Steers REIT and Preferred and Income Fund (RNP) as of Q4 2016, down from 76 in Q3 2016.
- Funds reported $152M of Cohen & Steers REIT and Preferred and Income Fund stock for Q4 2016, down 7.9% quarter-over-quarter.
- 9 funds opened new Cohen & Steers REIT and Preferred and Income Fund positions in Q4 2016 and 12 closed out, a net change of -3 holders.
- The largest Cohen & Steers REIT and Preferred and Income Fund buyer in Q4 2016 was Wells Fargo, an estimated $3.19M added.
- The largest Cohen & Steers REIT and Preferred and Income Fund seller in Q4 2016 was Stratos Wealth Partners, an estimated $7.92M sold.
Based on aggregated 13F filings for Q4 2016.