Cohen & Steers REIT and Preferred and Income Fund
RNP
77 hedge funds and large institutions have $176M invested in Cohen & Steers REIT and Preferred and Income Fund in 2016 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 29 increasing their positions, 24 reducing their positions, and 20 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 24
3.1% less ownership
Funds ownership: 21.09% → 17.99% (-3.1%)
7% less capital invested
Capital invested by funds: $190M → $176M (-$13.8M)
9% less funds holding
Funds holding: 85 → 77 (-8)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
40% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
+$6.43M |
| 2 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$4.37M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$2.56M |
| 4 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$2.08M |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$2.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$15.4M |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
-$5.95M |
| 3 |
LPL Financial
San Diego,
California
|
-$5.26M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.45M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$4.24M |
RNP Hedge Fund Activity: Q2 2016 in Review
77 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers REIT and Preferred and Income Fund (RNP) for Q2 2016, worth a combined $176M — down 7.3% from $190M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of RNP and 12 opened new positions — a net loss of 8 holders — while 24 trimmed existing stakes and 29 added.
The largest buyer was McGowan Group Asset Management, adding an estimated $6.43M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $15.4M sold.
- 77 institutional investors held Cohen & Steers REIT and Preferred and Income Fund (RNP) as of Q2 2016, down from 85 in Q1 2016.
- Funds reported $176M of Cohen & Steers REIT and Preferred and Income Fund stock for Q2 2016, down 7.3% quarter-over-quarter.
- 12 funds opened new Cohen & Steers REIT and Preferred and Income Fund positions in Q2 2016 and 20 closed out, a net change of -8 holders.
- The largest Cohen & Steers REIT and Preferred and Income Fund buyer in Q2 2016 was McGowan Group Asset Management, an estimated $6.43M added.
- The largest Cohen & Steers REIT and Preferred and Income Fund seller in Q2 2016 was Parametric Portfolio Associates, an estimated $15.4M sold.
Based on aggregated 13F filings for Q2 2016.