Cohen & Steers REIT and Preferred and Income Fund
RNP
92 hedge funds and large institutions have $128M invested in Cohen & Steers REIT and Preferred and Income Fund in 2020 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 33 increasing their positions, 27 reducing their positions, and 22 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 27
1% more ownership
Funds ownership: 15.84% → 16.84% (+1%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
9% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 22
4% less funds holding
Funds holding: 96 → 92 (-4)
28% less capital invested
Capital invested by funds: $179M → $128M (-$50.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$7.14M |
| 2 |
EIP
Ellis Investment Partners
Berwyn,
Pennsylvania
|
+$2.42M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$2.39M |
| 4 |
Goldman Sachs
New York
|
+$1.63M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$2.58M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.96M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.94M |
| 4 |
WA
WESPAC Advisors
Orinda,
California
|
-$1.62M |
| 5 |
CP
Camelot Portfolios
Maumee,
Ohio
|
-$1.17M |
RNP Hedge Fund Activity: Q1 2020 in Review
92 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers REIT and Preferred and Income Fund (RNP) for Q1 2020, worth a combined $128M — down 28% from $179M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of RNP and 20 opened new positions — a net loss of 2 holders — while 27 trimmed existing stakes and 33 added.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $7.14M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $2.58M sold.
- 92 institutional investors held Cohen & Steers REIT and Preferred and Income Fund (RNP) as of Q1 2020, down from 96 in Q4 2019.
- Funds reported $128M of Cohen & Steers REIT and Preferred and Income Fund stock for Q1 2020, down 28% quarter-over-quarter.
- 20 funds opened new Cohen & Steers REIT and Preferred and Income Fund positions in Q1 2020 and 22 closed out, a net change of -2 holders.
- The largest Cohen & Steers REIT and Preferred and Income Fund buyer in Q1 2020 was Wolverine Asset Management, an estimated $7.14M added.
- The largest Cohen & Steers REIT and Preferred and Income Fund seller in Q1 2020 was Parametric Portfolio Associates, an estimated $2.58M sold.
Based on aggregated 13F filings for Q1 2020.