Principal Real Estate Income Fund
32 hedge funds and large institutions have $20.7M invested in Principal Real Estate Income Fund in 2019 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 10 increasing their positions, 8 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
25% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 8
11% more capital invested
Capital invested by funds: $18.7M → $20.7M (+$2.03M)
10% more funds holding
Funds holding: 29 → 32 (+3)
1.05% more ownership
Funds ownership: 13.18% → 14.23% (+1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$1.96M |
| 2 |
Morgan Stanley
New York
|
+$1.2M |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$515K |
| 4 |
AF
Advisornet Financial
Minnetonka,
Minnesota
|
+$185K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$72.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.02M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$846K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$349K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$240K |
| 5 |
FIA
FNY Investment Advisers
New York
|
-$149K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFA
26
Carroll Financial Associates
Charlotte,
North Carolina
| $36K | – | – | – |
|
|
TA
27
TFG Advisers
Auburn Hills,
Michigan
| $30K | +$30.1K | +1,445 | New |
|
|
SFS
28
Sowell Financial Services
North Little Rock,
Arkansas
| $21K | – | – | – |
|
|
FANJ
29
Financial Architects (New Jersey)
Marlton,
New Jersey
| $9K | – | – | – |
|
|
NFG
30
Next Financial Group
Houston,
Texas
| $6K | +$5.83K | +280 | New |
|
31
Citigroup
New York
| $2K | – | – | – |
|
|
SFS
32
Shaker Financial Services
Arlington,
Virginia
| – | -$240K | -11,648 | Closed |
|
|
CIAS
33
Capital Investment Advisory Services
Raleigh,
North Carolina
| – | -$29K | -1,400 | Closed |
|
|
PCG
34
Private Capital Group
West Hartford,
Connecticut
| – | -$3K | -149 | Closed |
|
PGZ Hedge Fund Activity: Q4 2019 in Review
32 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Principal Real Estate Income Fund (PGZ) for Q4 2019, worth a combined $20.7M — up 11% from $18.7M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PGZ positions and 3 closed out — a net gain of 3 holders — while 10 added to existing stakes and 8 trimmed.
The largest buyer was Cohen & Steers, opening a new position worth an estimated $1.96M. The largest seller was Bank of America, cutting an estimated $1.02M.
- 32 institutional investors held Principal Real Estate Income Fund (PGZ) as of Q4 2019, up from 29 in Q3 2019.
- Funds reported $20.7M of Principal Real Estate Income Fund stock for Q4 2019, up 11% quarter-over-quarter.
- 6 funds opened new Principal Real Estate Income Fund positions in Q4 2019 and 3 closed out, a net change of +3 holders.
- The largest Principal Real Estate Income Fund buyer in Q4 2019 was Cohen & Steers, an estimated $1.96M added.
- The largest Principal Real Estate Income Fund seller in Q4 2019 was Bank of America, an estimated $1.02M sold.
Based on aggregated 13F filings for Q4 2019.