Cohen & Steers REIT and Preferred and Income Fund
RNP
84 hedge funds and large institutions have $171M invested in Cohen & Steers REIT and Preferred and Income Fund in 2018 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 28 increasing their positions, 29 reducing their positions, and 9 closing their positions.
44% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 9
5% more funds holding
Funds holding: 80 → 84 (+4)
0.92% more ownership
Funds ownership: 18.31% → 19.23% (+0.92%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 29
8% less capital invested
Capital invested by funds: $185M → $171M (-$14.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$6.52M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$5.11M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$2.6M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
+$2.19M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
-$7.22M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$2.77M |
| 3 |
Morgan Stanley
New York
|
-$2.41M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.08M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.97M |
RNP Hedge Fund Activity: Q1 2018 in Review
84 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers REIT and Preferred and Income Fund (RNP) for Q1 2018, worth a combined $171M — down 7.7% from $185M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new RNP positions and 9 closed out — a net gain of 4 holders — while 28 added to existing stakes and 29 trimmed.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $6.52M. The largest seller was McGowan Group Asset Management, cutting an estimated $7.22M.
- 84 institutional investors held Cohen & Steers REIT and Preferred and Income Fund (RNP) as of Q1 2018, up from 80 in Q4 2017.
- Funds reported $171M of Cohen & Steers REIT and Preferred and Income Fund stock for Q1 2018, down 7.7% quarter-over-quarter.
- 13 funds opened new Cohen & Steers REIT and Preferred and Income Fund positions in Q1 2018 and 9 closed out, a net change of +4 holders.
- The largest Cohen & Steers REIT and Preferred and Income Fund buyer in Q1 2018 was Wolverine Asset Management, an estimated $6.52M added.
- The largest Cohen & Steers REIT and Preferred and Income Fund seller in Q1 2018 was McGowan Group Asset Management, an estimated $7.22M sold.
Based on aggregated 13F filings for Q1 2018.