Principal Real Estate Income Fund
27 hedge funds and large institutions have $23.8M invested in Principal Real Estate Income Fund in 2023 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 10 reducing their positions, and 5 closing their positions.
23% more capital invested
Capital invested by funds: $19.3M → $23.8M (+$4.47M)
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
5.59% more ownership
Funds ownership: 31.5% → 37.09% (+5.6%)
4% more funds holding
Funds holding: 26 → 27 (+1)
30% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.64M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.01M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$587K |
| 4 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$104K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$97.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$946K |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$470K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$437K |
| 4 |
QL
Quarry LP
New York
|
-$176K |
| 5 |
HCM
Hollencrest Capital Management
Newport Beach,
California
|
-$55.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of America
Charlotte,
North Carolina
| $756 | -$4.26K | -470 | -85% |
|
27
Fidelity Investments
Boston,
Massachusetts
| $9 | +$9 | +1 | New |
|
|
CCP
28
Clough Capital Partners
Boston,
Massachusetts
| – | -$470K | -52,029 | Closed |
|
|
QL
29
Quarry LP
New York
| – | -$176K | -19,500 | Closed |
|
|
HCM
30
Hollencrest Capital Management
Newport Beach,
California
| – | -$55.4K | -6,140 | Closed |
|
31
JP Morgan Chase
New York
| – | -$9.88K | -1,094 | Closed |
|
32
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$2K | -177 | Closed |
|
PGZ Hedge Fund Activity: Q4 2023 in Review
27 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Principal Real Estate Income Fund (PGZ) for Q4 2023, worth a combined $23.8M — up 23% from $19.3M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PGZ positions and 5 closed out — a net gain of 1 holder — while 7 added to existing stakes and 10 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $3.64M. The largest seller was Osaic Holdings, cutting an estimated $946K.
- 27 institutional investors held Principal Real Estate Income Fund (PGZ) as of Q4 2023, up from 26 in Q3 2023.
- Funds reported $23.8M of Principal Real Estate Income Fund stock for Q4 2023, up 23% quarter-over-quarter.
- 6 funds opened new Principal Real Estate Income Fund positions in Q4 2023 and 5 closed out, a net change of +1 holder.
- The largest Principal Real Estate Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $3.64M added.
- The largest Principal Real Estate Income Fund seller in Q4 2023 was Osaic Holdings, an estimated $946K sold.
Based on aggregated 13F filings for Q4 2023.