Cohen & Steers REIT and Preferred and Income Fund
RNP
68 hedge funds and large institutions have $173M invested in Cohen & Steers REIT and Preferred and Income Fund in 2017 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 32 increasing their positions, 16 reducing their positions, and 6 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 16
2% more capital invested
Capital invested by funds: $171M → $173M (+$2.68M)
0.14% more ownership
Funds ownership: 17.2% → 17.35% (+0.14%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less funds holding
Funds holding: 71 → 68 (-3)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$3.15M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$994K |
| 3 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
+$770K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$492K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$467K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$4.45M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
-$1.07M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$376K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$352K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$299K |
RNP Hedge Fund Activity: Q3 2017 in Review
68 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers REIT and Preferred and Income Fund (RNP) for Q3 2017, worth a combined $173M — up 1.6% from $171M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of RNP and 3 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 32 added.
The largest buyer was Advisors Asset Management, adding an estimated $3.15M. The largest seller was Cornerstone Advisors, exiting entirely with an estimated $4.45M sold.
- 68 institutional investors held Cohen & Steers REIT and Preferred and Income Fund (RNP) as of Q3 2017, down from 71 in Q2 2017.
- Funds reported $173M of Cohen & Steers REIT and Preferred and Income Fund stock for Q3 2017, up 1.6% quarter-over-quarter.
- 3 funds opened new Cohen & Steers REIT and Preferred and Income Fund positions in Q3 2017 and 6 closed out, a net change of -3 holders.
- The largest Cohen & Steers REIT and Preferred and Income Fund buyer in Q3 2017 was Advisors Asset Management, an estimated $3.15M added.
- The largest Cohen & Steers REIT and Preferred and Income Fund seller in Q3 2017 was Cornerstone Advisors, an estimated $4.45M sold.
Based on aggregated 13F filings for Q3 2017.