Cohen & Steers REIT and Preferred and Income Fund
RNP
92 hedge funds and large institutions have $179M invested in Cohen & Steers REIT and Preferred and Income Fund in 2019 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 37 increasing their positions, 20 reducing their positions, and 11 closing their positions.
85% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 20
45% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 11
2% more funds holding
Funds holding: 90 → 92 (+2)
4% less capital invested
Capital invested by funds: $187M → $179M (-$7.41M)
1.66% less ownership
Funds ownership: 19.09% → 17.43% (-1.7%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JFGIW
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
|
+$1.94M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.33M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$800K |
| 4 |
FFA
First Foundation Advisors
Irvine,
California
|
+$609K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$591K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
-$15.8M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$2.23M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$963K |
| 4 |
BC
Bartlett & Co
Cincinnati,
Ohio
|
-$934K |
| 5 |
BCWM
Bartlett & Co Wealth Management
Cincinnati,
Ohio
|
-$934K |
RNP Hedge Fund Activity: Q2 2019 in Review
92 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers REIT and Preferred and Income Fund (RNP) for Q2 2019, worth a combined $179M — down 4% from $187M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new RNP positions and 11 closed out — a net gain of 5 holders — while 37 added to existing stakes and 20 trimmed.
The largest buyer was Johnson Financial Group Inc (Wisconsin), adding an estimated $1.94M. The largest seller was McGowan Group Asset Management, cutting an estimated $15.8M.
- 92 institutional investors held Cohen & Steers REIT and Preferred and Income Fund (RNP) as of Q2 2019, up from 90 in Q1 2019.
- Funds reported $179M of Cohen & Steers REIT and Preferred and Income Fund stock for Q2 2019, down 4% quarter-over-quarter.
- 16 funds opened new Cohen & Steers REIT and Preferred and Income Fund positions in Q2 2019 and 11 closed out, a net change of +5 holders.
- The largest Cohen & Steers REIT and Preferred and Income Fund buyer in Q2 2019 was Johnson Financial Group Inc (Wisconsin), an estimated $1.94M added.
- The largest Cohen & Steers REIT and Preferred and Income Fund seller in Q2 2019 was McGowan Group Asset Management, an estimated $15.8M sold.
Based on aggregated 13F filings for Q2 2019.