Cohen & Steers REIT and Preferred and Income Fund
RNP
81 hedge funds and large institutions have $159M invested in Cohen & Steers REIT and Preferred and Income Fund in 2018 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 36 increasing their positions, 20 reducing their positions, and 12 closing their positions.
80% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 20
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.39% less ownership
Funds ownership: 18.51% → 17.11% (-1.4%)
7% less funds holding
Funds holding: 87 → 81 (-6)
7% less capital invested
Capital invested by funds: $171M → $159M (-$12M)
50% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.12M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.07M |
| 3 |
WA
WESPAC Advisors
Orinda,
California
|
+$833K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$676K |
| 5 |
JFGIW
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
|
+$492K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$6.04M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
-$3.64M |
| 3 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
-$3.17M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.52M |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.16M |
RNP Hedge Fund Activity: Q3 2018 in Review
81 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers REIT and Preferred and Income Fund (RNP) for Q3 2018, worth a combined $159M — down 7% from $171M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of RNP and 6 opened new positions — a net loss of 6 holders — while 20 trimmed existing stakes and 36 added.
The largest buyer was Ameriprise, adding an estimated $1.12M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $6.04M sold.
- 81 institutional investors held Cohen & Steers REIT and Preferred and Income Fund (RNP) as of Q3 2018, down from 87 in Q2 2018.
- Funds reported $159M of Cohen & Steers REIT and Preferred and Income Fund stock for Q3 2018, down 7% quarter-over-quarter.
- 6 funds opened new Cohen & Steers REIT and Preferred and Income Fund positions in Q3 2018 and 12 closed out, a net change of -6 holders.
- The largest Cohen & Steers REIT and Preferred and Income Fund buyer in Q3 2018 was Ameriprise, an estimated $1.12M added.
- The largest Cohen & Steers REIT and Preferred and Income Fund seller in Q3 2018 was Wolverine Asset Management, an estimated $6.04M sold.
Based on aggregated 13F filings for Q3 2018.