Cohen & Steers REIT and Preferred and Income Fund
RNP
96 hedge funds and large institutions have $171M invested in Cohen & Steers REIT and Preferred and Income Fund in 2018 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 25 increasing their positions, 31 reducing their positions, and 11 closing their positions.
145% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 11
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
19% more funds holding
Funds holding: 81 → 96 (+15)
8% more capital invested
Capital invested by funds: $159M → $171M (+$12.5M)
3.1% more ownership
Funds ownership: 17.11% → 20.21% (+3.1%)
19% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JFGIW
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
|
+$7.92M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$3.38M |
| 3 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
+$1.99M |
| 4 |
Morgan Stanley
New York
|
+$1.45M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$1.52M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$991K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$932K |
| 4 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
-$641K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
-$597K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HCM
101
Hilton Capital Management
Garden City,
New York
| – | -$40K | -2,027 | Closed |
|
|
MIM
102
Macroview Investment Management
Bethesda,
Maryland
| – | -$32K | -1,652 | Closed |
|
|
RMAM
103
Raab & Moskowitz Asset Management
Chatham,
New Jersey
| – | -$22K | -1,140 | Closed |
|
|
TC
104
Trilogy Capital
Irvine,
California
| – | -$17K | -873 | Closed |
|
|
KJWM
105
Kiley Juergens Wealth Management
Olympia,
Washington
| – | -$10K | -525 | Closed |
|
|
WAM
106
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| – | -$10K | -500 | Closed |
|
|
PFGIA
107
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| – | -$5K | -276 | Closed |
|
108
Fidelity Investments
Boston,
Massachusetts
| – | +$18 | +1 | New |
|
RNP Hedge Fund Activity: Q4 2018 in Review
96 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers REIT and Preferred and Income Fund (RNP) for Q4 2018, worth a combined $171M — up 7.8% from $159M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new RNP positions and 11 closed out — a net gain of 16 holders — while 25 added to existing stakes and 31 trimmed.
The largest buyer was Johnson Financial Group Inc (Wisconsin), adding an estimated $7.92M. The largest seller was UBS Group, cutting an estimated $1.52M.
- 96 institutional investors held Cohen & Steers REIT and Preferred and Income Fund (RNP) as of Q4 2018, up from 81 in Q3 2018.
- Funds reported $171M of Cohen & Steers REIT and Preferred and Income Fund stock for Q4 2018, up 7.8% quarter-over-quarter.
- 27 funds opened new Cohen & Steers REIT and Preferred and Income Fund positions in Q4 2018 and 11 closed out, a net change of +16 holders.
- The largest Cohen & Steers REIT and Preferred and Income Fund buyer in Q4 2018 was Johnson Financial Group Inc (Wisconsin), an estimated $7.92M added.
- The largest Cohen & Steers REIT and Preferred and Income Fund seller in Q4 2018 was UBS Group, an estimated $1.52M sold.
Based on aggregated 13F filings for Q4 2018.