Principal Real Estate Income Fund
31 hedge funds and large institutions have $14.8M invested in Principal Real Estate Income Fund in 2018 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 3 increasing their positions, 10 reducing their positions, and 5 closing their positions.
160% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 5
35% more funds holding
Funds holding: 23 → 31 (+8)
0.14% less ownership
Funds ownership: 13.11% → 12.97% (-0.14%)
5% less capital invested
Capital invested by funds: $15.6M → $14.8M (-$788K)
70% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$364K |
| 2 |
CCP
Cardan Capital Partners
Denver,
Colorado
|
+$345K |
| 3 |
AWCI
Alpine Woods Capital Investors
Purchase,
New York
|
+$339K |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$232K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$223K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$822K |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$369K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$339K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$303K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$302K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AAM
26
Advisors Asset Management
Monument,
Colorado
| $13K | +$13.3K | +786 | New |
|
|
WAM
27
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| $7K | +$7.41K | +437 | New |
|
|
FHB
28
First Hawaiian Bank
Honolulu,
Hawaii
| $5K | – | – | – |
|
29
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $4K | +$3.65K | +215 | New |
|
|
PCG
30
Private Capital Group
West Hartford,
Connecticut
| $2K | – | – | – |
|
31
Citigroup
New York
| $1K | – | – | – |
|
|
GC
32
Guggenheim Capital
Chicago,
Illinois
| – | -$822K | -47,704 | Closed |
|
|
SFS
33
Shaker Financial Services
Arlington,
Virginia
| – | -$339K | -19,645 | Closed |
|
|
DA
34
Doliver Advisors
Houston,
Texas
| – | -$303K | -17,594 | Closed |
|
|
FDCDDQ
35
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| – | -$17.2K | -1,000 | Closed |
|
|
GRP
36
Global Retirement Partners
San Rafael,
California
| – | -$15K | -883 | Closed |
|
PGZ Hedge Fund Activity: Q4 2018 in Review
31 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Principal Real Estate Income Fund (PGZ) for Q4 2018, worth a combined $14.8M — down 5.1% from $15.6M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new PGZ positions and 5 closed out — a net gain of 8 holders — while 3 added to existing stakes and 10 trimmed.
The largest buyer was Bank of America, adding an estimated $364K. The largest seller was Guggenheim Capital, exiting entirely with an estimated $822K sold.
- 31 institutional investors held Principal Real Estate Income Fund (PGZ) as of Q4 2018, up from 23 in Q3 2018.
- Funds reported $14.8M of Principal Real Estate Income Fund stock for Q4 2018, down 5.1% quarter-over-quarter.
- 13 funds opened new Principal Real Estate Income Fund positions in Q4 2018 and 5 closed out, a net change of +8 holders.
- The largest Principal Real Estate Income Fund buyer in Q4 2018 was Bank of America, an estimated $364K added.
- The largest Principal Real Estate Income Fund seller in Q4 2018 was Guggenheim Capital, an estimated $822K sold.
Based on aggregated 13F filings for Q4 2018.