Principal Real Estate Income Fund
33 hedge funds and large institutions have $16.6M invested in Principal Real Estate Income Fund in 2025 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 13 increasing their positions, 4 reducing their positions, and 2 closing their positions.
350% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 2
225% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 4
27% more funds holding
Funds holding: 26 → 33 (+7)
2.74% less ownership
Funds ownership: 26.44% → 23.7% (-2.7%)
11% less capital invested
Capital invested by funds: $18.6M → $16.6M (-$2.03M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.58M |
| 2 |
Morgan Stanley
New York
|
+$175K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$155K |
| 4 |
LPL Financial
San Diego,
California
|
+$144K |
| 5 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
+$143K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$2.4M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.9M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$242K |
| 4 |
SAM
S.A. Mason
Holland,
Michigan
|
-$11K |
| 5 |
KA
Kozak & Associates
Highlands Ranch,
Colorado
|
-$10.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CI
26
CX Institutional
Auburn,
Indiana
| $15K | +$15.1K | +1,445 | New |
|
|
GJIA
27
Glass Jacobson Investment Advisors
Owings Mills,
Maryland
| $14.9K | – | – | – |
|
|
KFP
28
Kerr Financial Planning
Fresno,
California
| $13.8K | +$14.1K | +1,349 | New |
|
|
ASN
29
Advisory Services Network
Atlanta,
Georgia
| $13.5K | +$13.5K | +1,292 | New |
|
|
TWC
30
TD Waterhouse Canada
Toronto,
Ontario, Canada
| $10.5K | – | – | – |
|
|
HWP
31
Highline Wealth Partners
Sherman Oaks,
California
| $5.23K | +$5.23K | +500 | New |
|
32
Wells Fargo
San Francisco,
California
| $16 | +$21 | +2 | New |
|
|
KA
33
Kozak & Associates
Highlands Ranch,
Colorado
| $6 | -$10.2K | -975 | -100% |
|
|
SAM
34
S.A. Mason
Holland,
Michigan
| – | -$11K | -1,041 | Closed |
|
|
MSWA
35
Marshall & Sterling Wealth Advisors
Poughkeepsie,
New York
| – | -$1.2K | -115 | Closed |
|
PGZ Hedge Fund Activity: Q3 2025 in Review
33 of the 7,626 institutional investors tracked by Wall St. Rank reported a position in Principal Real Estate Income Fund (PGZ) for Q3 2025, worth a combined $16.6M — down 11% from $18.6M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new PGZ positions and 2 closed out — a net gain of 7 holders — while 13 added to existing stakes and 4 trimmed.
The largest buyer was Advisors Asset Management, opening a new position worth an estimated $1.58M. The largest seller was Saba Capital Management, cutting an estimated $2.4M.
- 33 institutional investors held Principal Real Estate Income Fund (PGZ) as of Q3 2025, up from 26 in Q2 2025.
- Funds reported $16.6M of Principal Real Estate Income Fund stock for Q3 2025, down 11% quarter-over-quarter.
- 9 funds opened new Principal Real Estate Income Fund positions in Q3 2025 and 2 closed out, a net change of +7 holders.
- The largest Principal Real Estate Income Fund buyer in Q3 2025 was Advisors Asset Management, an estimated $1.58M added.
- The largest Principal Real Estate Income Fund seller in Q3 2025 was Saba Capital Management, an estimated $2.4M sold.
Based on aggregated 13F filings for Q3 2025.