Principal Real Estate Income Fund
28 hedge funds and large institutions have $20.6M invested in Principal Real Estate Income Fund in 2024 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 11 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
8% more funds holding
Funds holding: 26 → 28 (+2)
7% more capital invested
Capital invested by funds: $19.2M → $20.6M (+$1.34M)
0.59% less ownership
Funds ownership: 28.12% → 27.54% (-0.59%)
45% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$1.45M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$467K |
| 3 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
+$444K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$175K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$113K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.44M |
| 2 |
SCM
Saba Capital Management
New York
|
-$1.27M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$161K |
| 4 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$134K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$63.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GJIA
26
Glass Jacobson Investment Advisors
Owings Mills,
Maryland
| $15.8K | – | – | – |
|
|
CA
27
CoreCap Advisors
Southfield,
Michigan
| $15.6K | -$13.4K | -1,250 | -47% |
|
|
TWC
28
TD Waterhouse Canada
Toronto,
Ontario, Canada
| $11.2K | +$10.7K | +1,000 | New |
|
29
Wells Fargo
San Francisco,
California
| $4 | -$2.17K | -202 | Closed |
|
|
LCM
30
Landscape Capital Management
Englewood,
New Jersey
| – | -$161K | -15,759 | Closed |
|
|
IAIM
31
International Assets Investment Management
Orlando,
Florida
| – | -$134K | -13,156 | Closed |
|
|
WAM
32
Wolverine Asset Management
Chicago,
Illinois
| – | -$43.6K | -4,269 | Closed |
|
PGZ Hedge Fund Activity: Q3 2024 in Review
28 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in Principal Real Estate Income Fund (PGZ) for Q3 2024, worth a combined $20.6M — up 7% from $19.2M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PGZ positions and 4 closed out — a net gain of 2 holders — while 6 added to existing stakes and 11 trimmed.
The largest buyer was Kovitz Investment Group Partners, opening a new position worth an estimated $1.45M. The largest seller was Bulldog Investors, cutting an estimated $1.44M.
- 28 institutional investors held Principal Real Estate Income Fund (PGZ) as of Q3 2024, up from 26 in Q2 2024.
- Funds reported $20.6M of Principal Real Estate Income Fund stock for Q3 2024, up 7% quarter-over-quarter.
- 6 funds opened new Principal Real Estate Income Fund positions in Q3 2024 and 4 closed out, a net change of +2 holders.
- The largest Principal Real Estate Income Fund buyer in Q3 2024 was Kovitz Investment Group Partners, an estimated $1.45M added.
- The largest Principal Real Estate Income Fund seller in Q3 2024 was Bulldog Investors, an estimated $1.44M sold.
Based on aggregated 13F filings for Q3 2024.