Principal Real Estate Income Fund
26 hedge funds and large institutions have $18.6M invested in Principal Real Estate Income Fund in 2025 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 9 reducing their positions, and 3 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 9
0.87% less ownership
Funds ownership: 27.31% → 26.44% (-0.87%)
3% less capital invested
Capital invested by funds: $19.2M → $18.6M (-$616K)
7% less funds holding
Funds holding: 28 → 26 (-2)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
+$197K |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$120K |
| 3 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
+$54.7K |
| 4 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
+$32.5K |
| 5 |
RA
RFG Advisory
Birmingham,
Alabama
|
+$26.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$643K |
| 2 |
Morgan Stanley
New York
|
-$223K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$80.5K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$23.7K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$21K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MSWA
26
Marshall & Sterling Wealth Advisors
Poughkeepsie,
New York
| $1.2K | +$41 | +4 | +4% |
|
27
Wells Fargo
San Francisco,
California
| $4 | -$10 | -1 | Closed |
|
|
WAM
28
Wolverine Asset Management
Chicago,
Illinois
| – | -$80.5K | -7,649 | Closed |
|
|
CA
29
CoreCap Advisors
Southfield,
Michigan
| – | -$12.6K | -1,200 | Closed |
|
PGZ Hedge Fund Activity: Q2 2025 in Review
26 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Principal Real Estate Income Fund (PGZ) for Q2 2025, worth a combined $18.6M — down 3.2% from $19.2M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of PGZ and 2 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 10 added.
The largest buyer was Raymond James Financial, adding an estimated $197K. The largest seller was Saba Capital Management, cutting an estimated $643K.
- 26 institutional investors held Principal Real Estate Income Fund (PGZ) as of Q2 2025, down from 28 in Q1 2025.
- Funds reported $18.6M of Principal Real Estate Income Fund stock for Q2 2025, down 3.2% quarter-over-quarter.
- 2 funds opened new Principal Real Estate Income Fund positions in Q2 2025 and 3 closed out, a net change of -1 holder.
- The largest Principal Real Estate Income Fund buyer in Q2 2025 was Raymond James Financial, an estimated $197K added.
- The largest Principal Real Estate Income Fund seller in Q2 2025 was Saba Capital Management, an estimated $643K sold.
Based on aggregated 13F filings for Q2 2025.