Cohen & Steers REIT and Preferred and Income Fund
RNP
71 hedge funds and large institutions have $171M invested in Cohen & Steers REIT and Preferred and Income Fund in 2017 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 33 increasing their positions, 17 reducing their positions, and 11 closing their positions.
94% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 17
9% more capital invested
Capital invested by funds: $157M → $171M (+$13.6M)
0.16% more ownership
Funds ownership: 17.04% → 17.2% (+0.16%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less funds holding
Funds holding: 75 → 71 (-4)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$7.77M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$909K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$787K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$762K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$762K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$2.93M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.46M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.78M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.17M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$820K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LCM
76
Landscape Capital Management
Englewood,
New Jersey
| – | -$1.17M | -61,112 | Closed |
|
|
CRC
77
Curi RMB Capital
Chicago,
Illinois
| – | -$771K | -39,856 | Closed |
|
|
FIMG
78
Financial & Investment Management Group
Traverse City,
Michigan
| – | -$719K | -37,164 | Closed |
|
79
Millennium Management
New York
| – | -$272K | -14,078 | Closed |
|
80
M&T Bank
Buffalo,
New York
| – | -$238K | -12,286 | Closed |
|
|
WS
81
Wedbush Securities
Los Angeles,
California
| – | -$200K | -10,338 | Closed |
|
|
TW
82
Transform Wealth
Greenwood Village,
Colorado
| – | -$194K | -10,045 | Closed |
|
83
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$137K | -7,100 | Closed |
|
84
SEI Investments
Oaks,
Pennsylvania
| – | -$36K | -1,859 | Closed |
|
|
BIG
85
Bellwether Investment Group
Chattanooga,
Tennessee
| – | -$1K | -72 | Closed |
|
RNP Hedge Fund Activity: Q2 2017 in Review
71 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers REIT and Preferred and Income Fund (RNP) for Q2 2017, worth a combined $171M — up 8.7% from $157M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of RNP and 8 opened new positions — a net loss of 3 holders — while 17 trimmed existing stakes and 33 added.
The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $7.77M. The largest seller was LPL Financial, cutting an estimated $2.93M.
- 71 institutional investors held Cohen & Steers REIT and Preferred and Income Fund (RNP) as of Q2 2017, down from 75 in Q1 2017.
- Funds reported $171M of Cohen & Steers REIT and Preferred and Income Fund stock for Q2 2017, up 8.7% quarter-over-quarter.
- 8 funds opened new Cohen & Steers REIT and Preferred and Income Fund positions in Q2 2017 and 11 closed out, a net change of -3 holders.
- The largest Cohen & Steers REIT and Preferred and Income Fund buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $7.77M added.
- The largest Cohen & Steers REIT and Preferred and Income Fund seller in Q2 2017 was LPL Financial, an estimated $2.93M sold.
Based on aggregated 13F filings for Q2 2017.