Cohen & Steers REIT and Preferred and Income Fund
RNP
65 hedge funds and large institutions have $103M invested in Cohen & Steers REIT and Preferred and Income Fund in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 18 increasing their positions, 22 reducing their positions, and 9 closing their positions.
0.47% more ownership
Funds ownership: 13.18% → 13.64% (+0.47%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 67 → 65 (-2)
6% less capital invested
Capital invested by funds: $109M → $103M (-$6.28M)
18% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 22
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$3.4M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.34M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.78M |
| 4 |
Morgan Stanley
New York
|
+$1.31M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.84M |
| 2 |
CWM
Cabot Wealth Management
Salem,
Massachusetts
|
-$1.39M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.33M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.05M |
| 5 |
BOS
Bank of Stockton
Stockton,
California
|
-$874K |
RNP Hedge Fund Activity: Q3 2013 in Review
65 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers REIT and Preferred and Income Fund (RNP) for Q3 2013, worth a combined $103M — down 5.7% from $109M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of RNP and 7 opened new positions — a net loss of 2 holders — while 22 trimmed existing stakes and 18 added.
The largest buyer was Cornerstone Advisors, adding an estimated $3.4M. The largest seller was Guggenheim Capital, cutting an estimated $1.84M.
- 65 institutional investors held Cohen & Steers REIT and Preferred and Income Fund (RNP) as of Q3 2013, down from 67 in Q2 2013.
- Funds reported $103M of Cohen & Steers REIT and Preferred and Income Fund stock for Q3 2013, down 5.7% quarter-over-quarter.
- 7 funds opened new Cohen & Steers REIT and Preferred and Income Fund positions in Q3 2013 and 9 closed out, a net change of -2 holders.
- The largest Cohen & Steers REIT and Preferred and Income Fund buyer in Q3 2013 was Cornerstone Advisors, an estimated $3.4M added.
- The largest Cohen & Steers REIT and Preferred and Income Fund seller in Q3 2013 was Guggenheim Capital, an estimated $1.84M sold.
Based on aggregated 13F filings for Q3 2013.