Cohen & Steers REIT and Preferred and Income Fund
RNP
82 hedge funds and large institutions have $197M invested in Cohen & Steers REIT and Preferred and Income Fund in 2015 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 28 increasing their positions, 24 reducing their positions, and 4 closing their positions.
250% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 4
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
17% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 24
14% more capital invested
Capital invested by funds: $172M → $197M (+$24.9M)
14% more funds holding
Funds holding: 72 → 82 (+10)
1.57% more ownership
Funds ownership: 20.75% → 22.32% (+1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$5.63M |
| 2 |
MCM
Moore Capital Management
New York
|
+$1.93M |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$1.25M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.07M |
| 5 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$6.74M |
| 2 |
Morgan Stanley
New York
|
-$1.28M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.21M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.01M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$882K |
RNP Hedge Fund Activity: Q4 2015 in Review
82 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers REIT and Preferred and Income Fund (RNP) for Q4 2015, worth a combined $197M — up 14% from $172M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new RNP positions and 4 closed out — a net gain of 10 holders — while 28 added to existing stakes and 24 trimmed.
The largest buyer was LPL Financial, adding an estimated $5.63M. The largest seller was Advisors Asset Management, cutting an estimated $6.74M.
- 82 institutional investors held Cohen & Steers REIT and Preferred and Income Fund (RNP) as of Q4 2015, up from 72 in Q3 2015.
- Funds reported $197M of Cohen & Steers REIT and Preferred and Income Fund stock for Q4 2015, up 14% quarter-over-quarter.
- 14 funds opened new Cohen & Steers REIT and Preferred and Income Fund positions in Q4 2015 and 4 closed out, a net change of +10 holders.
- The largest Cohen & Steers REIT and Preferred and Income Fund buyer in Q4 2015 was LPL Financial, an estimated $5.63M added.
- The largest Cohen & Steers REIT and Preferred and Income Fund seller in Q4 2015 was Advisors Asset Management, an estimated $6.74M sold.
Based on aggregated 13F filings for Q4 2015.