Principal Real Estate Income Fund
21 hedge funds and large institutions have $13.6M invested in Principal Real Estate Income Fund in 2017 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 6 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
27% more capital invested
Capital invested by funds: $10.7M → $13.6M (+$2.92M)
1.24% more ownership
Funds ownership: 9.98% → 11.23% (+1.2%)
9% less funds holding
Funds holding: 23 → 21 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$966K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$381K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$334K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$289K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$268K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$328K |
| 2 |
Morgan Stanley
New York
|
-$223K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$190K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$99.8K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$74.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| – | +$217 | +13 | New |
|
PGZ Hedge Fund Activity: Q1 2017 in Review
21 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Principal Real Estate Income Fund (PGZ) for Q1 2017, worth a combined $13.6M — up 27% from $10.7M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PGZ and 4 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 9 added.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $966K. The largest seller was Laurion Capital Management, exiting entirely with an estimated $328K sold.
- 21 institutional investors held Principal Real Estate Income Fund (PGZ) as of Q1 2017, down from 23 in Q4 2016.
- Funds reported $13.6M of Principal Real Estate Income Fund stock for Q1 2017, up 27% quarter-over-quarter.
- 4 funds opened new Principal Real Estate Income Fund positions in Q1 2017 and 6 closed out, a net change of -2 holders.
- The largest Principal Real Estate Income Fund buyer in Q1 2017 was Rivernorth Capital Management, an estimated $966K added.
- The largest Principal Real Estate Income Fund seller in Q1 2017 was Laurion Capital Management, an estimated $328K sold.
Based on aggregated 13F filings for Q1 2017.