Cohen & Steers REIT and Preferred and Income Fund
RNP
107 hedge funds and large institutions have $205M invested in Cohen & Steers REIT and Preferred and Income Fund in 2021 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 36 increasing their positions, 33 reducing their positions, and 6 closing their positions.
150% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 6
11% more capital invested
Capital invested by funds: $185M → $205M (+$20.3M)
7% more funds holding
Funds holding: 100 → 107 (+7)
9% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 33
0.66% more ownership
Funds ownership: 17.05% → 17.71% (+0.66%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$5.16M |
| 2 |
AUB
Atlantic Union Bankshares
Glen Allen,
Virginia
|
+$2.58M |
| 3 |
SA
SRH Advisors
Salina,
Kansas
|
+$1.26M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.16M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$863K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.17M |
| 2 |
Millennium Management
New York
|
-$1.48M |
| 3 |
DBT
Dubuque Bank & Trust
Dubuque,
Iowa
|
-$1.23M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$794K |
| 5 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
-$574K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TCWM
101
Total Clarity Wealth Management
St. Charles,
Illinois
| $12K | +$11.5K | +500 | New |
|
|
SW
102
SVB Wealth
Boston,
Massachusetts
| $9K | +$9.19K | +400 | New |
|
|
EP
103
Eudaimonia Partners
Winchester,
Tennessee
| $5K | +$5.17K | +225 | New |
|
|
TAM
104
Tucker Asset Management
Littleton,
Colorado
| $4.71K | – | – | – |
|
|
CCC
105
Crescent Capital Consulting
New Orleans,
Louisiana
| $2K | – | – | – |
|
|
106
Millennium Management
New York
| – | -$1.48M | -64,672 | Closed |
|
|
MGAM
107
McGowan Group Asset Management
Dallas,
Texas
| – | -$574K | -25,136 | Closed |
|
|
OMC
108
Old Mission Capital
Chicago,
Illinois
| – | -$212K | -9,300 | Closed |
|
|
BWM
109
BerganKDV Wealth Management
Bloomington,
Minnesota
| – | -$26K | -1,117 | Closed |
|
|
PS
110
Planned Solutions
Folsom,
California
| – | -$23K | -1,000 | Closed |
|
|
WLPWM
111
Walled Lake Planning & Wealth Management
Winnetka,
Illinois
| – | -$1K | -23 | Closed |
|
112
Fidelity Investments
Boston,
Massachusetts
| – | +$23 | +1 | New |
|
RNP Hedge Fund Activity: Q1 2021 in Review
107 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers REIT and Preferred and Income Fund (RNP) for Q1 2021, worth a combined $205M — up 11% from $185M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new RNP positions and 6 closed out — a net gain of 9 holders — while 36 added to existing stakes and 33 trimmed.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $5.16M. The largest seller was Morgan Stanley, cutting an estimated $4.17M.
- 107 institutional investors held Cohen & Steers REIT and Preferred and Income Fund (RNP) as of Q1 2021, up from 100 in Q4 2020.
- Funds reported $205M of Cohen & Steers REIT and Preferred and Income Fund stock for Q1 2021, up 11% quarter-over-quarter.
- 15 funds opened new Cohen & Steers REIT and Preferred and Income Fund positions in Q1 2021 and 6 closed out, a net change of +9 holders.
- The largest Cohen & Steers REIT and Preferred and Income Fund buyer in Q1 2021 was Penserra Capital Management, an estimated $5.16M added.
- The largest Cohen & Steers REIT and Preferred and Income Fund seller in Q1 2021 was Morgan Stanley, an estimated $4.17M sold.
Based on aggregated 13F filings for Q1 2021.