Cohen & Steers REIT and Preferred and Income Fund
RNP
91 hedge funds and large institutions have $186M invested in Cohen & Steers REIT and Preferred and Income Fund in 2019 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 32 increasing their positions, 26 reducing their positions, and 13 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 26
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
8% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 13
1% less funds holding
Funds holding: 92 → 91 (-1)
1.54% less ownership
Funds ownership: 17.43% → 15.89% (-1.5%)
62% less capital inflows, than outflows
Capital inflows: $9.7M | Capital outflows: $25.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
|
+$1.6M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.44M |
| 3 |
Raymond James & Associates
St Petersburg,
Florida
|
+$702K |
| 4 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$539K |
| 5 |
Suntrust Banks
Atlanta,
Georgia
|
+$450K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
McGowan Group Asset Management
Dallas,
Texas
|
-$10.5M |
| 2 |
Parametric Portfolio Associates
Seattle,
Washington
|
-$4.07M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$2.23M |
| 4 |
Camelot Portfolios
Maumee,
Ohio
|
-$1.74M |
| 5 |
Advisors Asset Management
Monument,
Colorado
|
-$1.59M |
RNP Hedge Fund Activity: Q3 2019 in Review
91 of the 4,576 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers REIT and Preferred and Income Fund (RNP) for Q3 2019, worth a combined $186M — up 3.5% from $179M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of RNP and 12 opened new positions — a net loss of 1 holder — while 26 trimmed existing stakes and 32 added.
The largest buyer was Johnson Financial Group Inc (Wisconsin), adding an estimated $1.6M. The largest seller was McGowan Group Asset Management, exiting entirely with an estimated $10.5M sold.
- 91 institutional investors held Cohen & Steers REIT and Preferred and Income Fund (RNP) as of Q3 2019, down from 92 in Q2 2019.
- Funds reported $186M of Cohen & Steers REIT and Preferred and Income Fund stock for Q3 2019, up 3.5% quarter-over-quarter.
- 12 funds opened new Cohen & Steers REIT and Preferred and Income Fund positions in Q3 2019 and 13 closed out, a net change of -1 holder.
- The largest Cohen & Steers REIT and Preferred and Income Fund buyer in Q3 2019 was Johnson Financial Group Inc (Wisconsin), an estimated $1.6M added.
- The largest Cohen & Steers REIT and Preferred and Income Fund seller in Q3 2019 was McGowan Group Asset Management, an estimated $10.5M sold.
Based on aggregated 13F filings for Q3 2019.