SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Cohen & Steers, Inc.
Filing Type: Form 13F Information Table (Schedule of Holdings)
Reporting Period: Quarter ended June 30, 2016
Context: This filing discloses the equity securities held by the investment manager as of the end of the second quarter of 2016. The portfolio is heavily concentrated in Real Estate Investment Trusts (REITs), Master Limited Partnerships (MLPs), and high-yield income funds, consistent with the firm's specialization in real assets and income strategies.
Key Financial Metrics and Portfolio Composition
Revenue, Profit, and Cash Flow: The filing text does not provide revenue, profit, cash flow, or margin data for Cohen & Steers, Inc. Form 13F filings report holdings, not the operating financial results of the investment manager.
Debt and Liquidity: The filing text does not provide debt or liquidity metrics for the investment manager.
Portfolio Holdings: The table lists hundreds of individual positions. Notable holdings by share count and value include:
- Real Estate (REITs): Significant positions in UDR Inc. (43.3M shares), Spirit Realty Capital (55.5M shares), HCP Inc. (40.4M shares), and Prologis Inc. (31.2M shares).
- Energy/MLPs: Holdings in Enterprise Products Partners (3.3M shares), Kinder Morgan (4.3M shares), and Cheniere Energy (994k shares).
- Income Funds: Large allocations to various closed-end funds and ETFs, including Nuveen and PIMCO funds.
Material Changes Versus Prior Period
The filing text does not provide comparative data for the prior quarter (March 31, 2016). Consequently, material changes in holdings, net purchases, or sales cannot be determined from this document alone.
Guidance, Outlook, and Risks
Management Commentary: None provided in this filing.
Guidance/Outlook: None provided in this filing.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness. The portfolio composition indicates exposure to interest rate risk (via REITs and MLPs) and sector-specific risks in real estate and energy.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio by summing the "Value" column (x$1,000) to assess total assets under management for this specific account.
- Compare the "Shrs or Prn Amt" for top holdings (e.g., UDR, Spirit Realty, HCP) against the previous quarter's 13F filing to identify net buying or selling activity.
- Review the "Voting Authority" columns to determine the extent of Sole vs. Shared voting control, which may indicate co-investment structures or fund-of-fund arrangements.
- Confirm the specific CUSIPs for preferred stock holdings (e.g., Digital Realty, Colony Capital) to distinguish between common equity and preferred securities.