Principal Real Estate Income Fund
31 hedge funds and large institutions have $18.1M invested in Principal Real Estate Income Fund in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
7% more funds holding
Funds holding: 29 → 31 (+2)
0.38% more ownership
Funds ownership: 27.68% → 28.06% (+0.38%)
6% less capital invested
Capital invested by funds: $19.3M → $18.1M (-$1.18M)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$347K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$273K |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$195K |
| 4 |
FIA
FNY Investment Advisers
New York
|
+$135K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$59.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$541K |
| 2 |
Truist Financial
Charlotte,
North Carolina
|
-$249K |
| 3 |
Morgan Stanley
New York
|
-$204K |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$156K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$146K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ASN
26
Advisory Services Network
Atlanta,
Georgia
| $68.5K | – | – | – |
|
|
HCM
27
Hollencrest Capital Management
Newport Beach,
California
| $58.1K | – | – | – |
|
|
WAM
28
Wolverine Asset Management
Chicago,
Illinois
| $42.6K | +$48.3K | +4,502 | New |
|
|
IRC
29
Investors Research Corp
Atlanta,
Georgia
| $23.6K | – | – | – |
|
30
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $3.03K | -$1.94K | -181 | -36% |
|
|
31
Bank of America
Charlotte,
North Carolina
| $151 | -$146K | -13,642 | -100% |
|
|
32
Truist Financial
Charlotte,
North Carolina
| – | -$249K | -24,044 | Closed |
|
|
MCC
33
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$7.76K | -750 | Closed |
|
|
IA
34
IFP Advisors
Tampa,
Florida
| – | -$8K | -485 | Closed |
|
PGZ Hedge Fund Activity: Q1 2023 in Review
31 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Principal Real Estate Income Fund (PGZ) for Q1 2023, worth a combined $18.1M — down 6.1% from $19.3M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PGZ positions and 3 closed out — a net gain of 3 holders — while 9 added to existing stakes and 10 trimmed.
The largest buyer was Shaker Financial Services, adding an estimated $347K. The largest seller was Saba Capital Management, cutting an estimated $541K.
- 31 institutional investors held Principal Real Estate Income Fund (PGZ) as of Q1 2023, up from 29 in Q4 2022.
- Funds reported $18.1M of Principal Real Estate Income Fund stock for Q1 2023, down 6.1% quarter-over-quarter.
- 6 funds opened new Principal Real Estate Income Fund positions in Q1 2023 and 3 closed out, a net change of +3 holders.
- The largest Principal Real Estate Income Fund buyer in Q1 2023 was Shaker Financial Services, an estimated $347K added.
- The largest Principal Real Estate Income Fund seller in Q1 2023 was Saba Capital Management, an estimated $541K sold.
Based on aggregated 13F filings for Q1 2023.