Principal Real Estate Income Fund
24 hedge funds and large institutions have $21M invested in Principal Real Estate Income Fund in 2024 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 5 closing their positions.
6.64% less ownership
Funds ownership: 37.09% → 30.45% (-6.6%)
11% less funds holding
Funds holding: 27 → 24 (-3)
12% less capital invested
Capital invested by funds: $23.8M → $21M (-$2.76M)
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$119K |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
+$78.1K |
| 3 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$74.7K |
| 4 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
+$38K |
| 5 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
+$36.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.06M |
| 2 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
-$309K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$264K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$101K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$95.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$101K | -10,735 | Closed |
|
|
LCM
27
Landscape Capital Management
Englewood,
New Jersey
| – | -$95.7K | -10,125 | Closed |
|
|
ASN
28
Advisory Services Network
Atlanta,
Georgia
| – | -$70.1K | -7,415 | Closed |
|
29
Fidelity Investments
Boston,
Massachusetts
| – | -$9 | -1 | Closed |
|
PGZ Hedge Fund Activity: Q1 2024 in Review
24 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Principal Real Estate Income Fund (PGZ) for Q1 2024, worth a combined $21M — down 12% from $23.8M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of PGZ and 2 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 6 added.
The largest buyer was NewEdge Advisors, opening a new position worth an estimated $119K. The largest seller was Morgan Stanley, cutting an estimated $4.06M.
- 24 institutional investors held Principal Real Estate Income Fund (PGZ) as of Q1 2024, down from 27 in Q4 2023.
- Funds reported $21M of Principal Real Estate Income Fund stock for Q1 2024, down 12% quarter-over-quarter.
- 2 funds opened new Principal Real Estate Income Fund positions in Q1 2024 and 5 closed out, a net change of -3 holders.
- The largest Principal Real Estate Income Fund buyer in Q1 2024 was NewEdge Advisors, an estimated $119K added.
- The largest Principal Real Estate Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $4.06M sold.
Based on aggregated 13F filings for Q1 2024.