Principal Real Estate Income Fund
26 hedge funds and large institutions have $19.3M invested in Principal Real Estate Income Fund in 2023 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 13 increasing their positions, 7 reducing their positions, and 4 closing their positions.
86% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 7
1.73% more ownership
Funds ownership: 29.76% → 31.5% (+1.7%)
1% more capital invested
Capital invested by funds: $19.1M → $19.3M (+$196K)
10% less funds holding
Funds holding: 29 → 26 (-3)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$820K |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$695K |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$452K |
| 4 |
QL
Quarry LP
New York
|
+$185K |
| 5 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
+$180K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$504K |
| 2 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
-$203K |
| 3 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$140K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$134K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$130K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $2K | -$130K | -13,665 | -99% |
|
|
AAS
27
Avantax Advisory Services
Dallas,
Texas
| – | -$203K | -21,501 | Closed |
|
|
NA
28
NewEdge Advisors
New Orleans,
Louisiana
| – | -$140K | -14,804 | Closed |
|
|
RCM
29
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$134K | -14,085 | Closed |
|
|
SFS
30
Shaker Financial Services
Arlington,
Virginia
| – | -$107K | -11,315 | Closed |
|
PGZ Hedge Fund Activity: Q3 2023 in Review
26 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in Principal Real Estate Income Fund (PGZ) for Q3 2023, worth a combined $19.3M — up 1% from $19.1M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PGZ and 2 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 13 added.
The largest buyer was Morgan Stanley, adding an estimated $820K. The largest seller was Saba Capital Management, cutting an estimated $504K.
- 26 institutional investors held Principal Real Estate Income Fund (PGZ) as of Q3 2023, down from 29 in Q2 2023.
- Funds reported $19.3M of Principal Real Estate Income Fund stock for Q3 2023, up 1% quarter-over-quarter.
- 2 funds opened new Principal Real Estate Income Fund positions in Q3 2023 and 4 closed out, a net change of -2 holders.
- The largest Principal Real Estate Income Fund buyer in Q3 2023 was Morgan Stanley, an estimated $820K added.
- The largest Principal Real Estate Income Fund seller in Q3 2023 was Saba Capital Management, an estimated $504K sold.
Based on aggregated 13F filings for Q3 2023.