Cohen & Steers REIT and Preferred and Income Fund
RNP
90 hedge funds and large institutions have $187M invested in Cohen & Steers REIT and Preferred and Income Fund in 2019 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 38 increasing their positions, 23 reducing their positions, and 15 closing their positions.
65% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 23
9% more capital invested
Capital invested by funds: $171M → $187M (+$15.3M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
1.11% less ownership
Funds ownership: 20.21% → 19.09% (-1.1%)
6% less funds holding
Funds holding: 96 → 90 (-6)
33% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JG
Jefferies Group
New York
|
+$1.08M |
| 2 |
JFGIW
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
|
+$754K |
| 3 |
EIP
Ellis Investment Partners
Berwyn,
Pennsylvania
|
+$605K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$398K |
| 5 |
Morgan Stanley
New York
|
+$338K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$4.29M |
| 2 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
-$1.99M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.26M |
| 4 |
CP
Camelot Portfolios
Maumee,
Ohio
|
-$789K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$772K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OAM
101
Orinda Asset Management
Lafayette,
California
| – | -$221K | -12,436 | Closed |
|
102
Envestnet Asset Management
Chicago,
Illinois
| – | -$198K | -11,110 | Closed |
|
|
PAG
103
Private Advisor Group
Morristown,
New Jersey
| – | -$181K | -10,148 | Closed |
|
|
MOS
104
MGO One Seven
Beachwood,
Ohio
| – | -$101K | -5,707 | Closed |
|
|
AIC
105
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$72K | -4,019 | Closed |
|
|
DWM
106
Doyle Wealth Management
St. Petersburg,
Florida
| – | -$25K | -1,395 | Closed |
|
RNP Hedge Fund Activity: Q1 2019 in Review
90 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers REIT and Preferred and Income Fund (RNP) for Q1 2019, worth a combined $187M — up 8.9% from $171M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of RNP and 10 opened new positions — a net loss of 5 holders — while 23 trimmed existing stakes and 38 added.
The largest buyer was Jefferies Group, opening a new position worth an estimated $1.08M. The largest seller was Cornerstone Advisors, cutting an estimated $4.29M.
- 90 institutional investors held Cohen & Steers REIT and Preferred and Income Fund (RNP) as of Q1 2019, down from 96 in Q4 2018.
- Funds reported $187M of Cohen & Steers REIT and Preferred and Income Fund stock for Q1 2019, up 8.9% quarter-over-quarter.
- 10 funds opened new Cohen & Steers REIT and Preferred and Income Fund positions in Q1 2019 and 15 closed out, a net change of -5 holders.
- The largest Cohen & Steers REIT and Preferred and Income Fund buyer in Q1 2019 was Jefferies Group, an estimated $1.08M added.
- The largest Cohen & Steers REIT and Preferred and Income Fund seller in Q1 2019 was Cornerstone Advisors, an estimated $4.29M sold.
Based on aggregated 13F filings for Q1 2019.