Principal Real Estate Income Fund
13 hedge funds and large institutions have $6.15M invested in Principal Real Estate Income Fund in 2013 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 2 increasing their positions, 3 reducing their positions, and 1 closing their positions.
700% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 1
152% more capital invested
Capital invested by funds: $2.44M → $6.15M (+$3.71M)
117% more funds holding
Funds holding: 6 → 13 (+7)
3.55% more ownership
Funds ownership: 2.18% → 5.73% (+3.6%)
33% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.92M |
| 2 |
VKH
Virtu KCG Holdings
New York
|
+$848K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$779K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$278K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$250K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
-$260K |
| 2 |
OC
Oppenheimer & Co
New York
|
-$106K |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$26.4K |
| 4 |
Citigroup
New York
|
-$5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MIG
1
Mariner Investment Group
Harrison,
New York
| $1.89M | +$1.92M | +110,711 | New |
|
|
OC
2
Oppenheimer & Co
New York
| $861K | -$106K | -6,100 | -11% |
|
|
VKH
3
Virtu KCG Holdings
New York
| $835K | +$848K | +49,000 | New |
|
|
RCM
4
Rivernorth Capital Management
West Palm Beach,
Florida
| $768K | +$779K | +45,022 | New |
|
|
5
Wells Fargo
San Francisco,
California
| $703K | +$278K | +16,051 | +64% |
|
|
U
6
UBS
Zurich,
Switzerland
| $622K | -$260K | -15,041 | -29% |
|
|
7
HighTower Advisors
Chicago,
Illinois
| $246K | +$250K | +14,430 | New |
|
8
Morgan Stanley
New York
| $77K | +$77.9K | +4,500 | New |
|
9
Royal Bank of Canada
Toronto,
Ontario, Canada
| $68K | +$69.2K | +4,000 | New |
|
10
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $63K | +$29.4K | +1,700 | +85% |
|
|
TDC
11
Thompson Davis & Co
Richmond,
Virginia
| $17K | +$17.3K | +1,000 | New |
|
|
MFS
12
MSI Financial Services
Springfield,
Massachusetts
| $3K | +$3.46K | +200 | New |
|
|
TRCT
13
Tower Research Capital (TRC)
New York
| $2K | -$26.4K | -1,526 | -94% |
|
|
14
Citigroup
New York
| – | -$5K | -267 | Closed |
|
PGZ Hedge Fund Activity: Q4 2013 in Review
13 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Principal Real Estate Income Fund (PGZ) for Q4 2013, worth a combined $6.15M — up 152% from $2.44M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PGZ positions and 1 closed out — a net gain of 7 holders — while 2 added to existing stakes and 3 trimmed.
The largest buyer was Mariner Investment Group, opening a new position worth an estimated $1.92M. The largest seller was UBS, cutting an estimated $260K.
- 13 institutional investors held Principal Real Estate Income Fund (PGZ) as of Q4 2013, up from 6 in Q3 2013.
- Funds reported $6.15M of Principal Real Estate Income Fund stock for Q4 2013, up 152% quarter-over-quarter.
- 8 funds opened new Principal Real Estate Income Fund positions in Q4 2013 and 1 closed out, a net change of +7 holders.
- The largest Principal Real Estate Income Fund buyer in Q4 2013 was Mariner Investment Group, an estimated $1.92M added.
- The largest Principal Real Estate Income Fund seller in Q4 2013 was UBS, an estimated $260K sold.
Based on aggregated 13F filings for Q4 2013.