Principal Real Estate Income Fund
23 hedge funds and large institutions have $18.4M invested in Principal Real Estate Income Fund in 2018 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 3 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
0.27% more ownership
Funds ownership: 15.64% → 15.91% (+0.27%)
4% less capital invested
Capital invested by funds: $19.2M → $18.4M (-$810K)
4% less funds holding
Funds holding: 24 → 23 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$860K |
| 2 |
Morgan Stanley
New York
|
+$689K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$680K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$502K |
| 5 |
IP
Intellectus Partners
San Francisco,
California
|
+$198K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$1.36M |
| 2 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$320K |
| 3 |
6M
6 Meridian
Wichita,
Kansas
|
-$250K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$209K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$186K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Geode Capital Management
Boston,
Massachusetts
| – | -$209K | -12,169 | Closed |
|
PGZ Hedge Fund Activity: Q1 2018 in Review
23 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Principal Real Estate Income Fund (PGZ) for Q1 2018, worth a combined $18.4M — down 4.2% from $19.2M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of PGZ and 2 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 11 added.
The largest buyer was Robinson Capital Management, adding an estimated $860K. The largest seller was Laurion Capital Management, exiting entirely with an estimated $1.36M sold.
- 23 institutional investors held Principal Real Estate Income Fund (PGZ) as of Q1 2018, down from 24 in Q4 2017.
- Funds reported $18.4M of Principal Real Estate Income Fund stock for Q1 2018, down 4.2% quarter-over-quarter.
- 2 funds opened new Principal Real Estate Income Fund positions in Q1 2018 and 3 closed out, a net change of -1 holder.
- The largest Principal Real Estate Income Fund buyer in Q1 2018 was Robinson Capital Management, an estimated $860K added.
- The largest Principal Real Estate Income Fund seller in Q1 2018 was Laurion Capital Management, an estimated $1.36M sold.
Based on aggregated 13F filings for Q1 2018.