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PGZ

Principal Real Estate Income Fund
PGZ

16 hedge funds and large institutions have $12.2M invested in Principal Real Estate Income Fund in 2014 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 3 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 1

167% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 3

28% more capital invested

Capital invested by funds: $9.53M → $12.2M (+$2.69M)

14% more funds holding

Funds holding: 14 → 16 (+2)

1.24% more ownership

Funds ownership: 5.81% → 7.05% (+1.2%)

Holders
16
Holders Change
+2
Holders Change %
+14.29%
% of All Funds
0.46%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
8
Reduced
3
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
First Trust Advisors
First Trust Advisors
Illinois
+$1.27M
2
Morgan Stanley
Morgan Stanley
New York
+$322K
3
B
Baird
Wisconsin
+$312K
4
RCM
Rivernorth Capital Management
Florida
+$239K
5
U
UBS
Switzerland
+$231K

Top Sellers

Rank Fund Capital Flow
1
MIG
Mariner Investment Group
New York
-$613K
2
HighTower Advisors
HighTower Advisors
Illinois
-$305K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$35.9K
4
OC
Oppenheimer & Co
New York
-$2.84K
Name Holding Trade Value Shares
Change 		Change in
Stake
BTS
1
BB&T Securities
Virginia
$3.26M +$69.3K +3,665 +27%
First Trust Advisors
2
First Trust Advisors
Illinois
$1.63M +$1.27M +67,314 +371%
B
3
Baird
Wisconsin
$1.39M +$312K +16,501 +29%
MIG
4
Mariner Investment Group
New York
$1.36M -$613K -32,400 -31%
U
5
UBS
Switzerland
$1.32M +$231K +12,226 +21%
Wells Fargo
6
Wells Fargo
California
$1.05M +$8.53K +451 +0.8%
OC
7
Oppenheimer & Co
New York
$942K -$2.84K -150 -0.3%
Morgan Stanley
8
Morgan Stanley
New York
$436K +$322K +17,055 +293%
RJA
9
Raymond James & Associates
Florida
$265K +$5.67K +300 +2%
RCM
10
Rivernorth Capital Management
Florida
$242K +$239K +12,666 New
Deutsche Bank
11
Deutsche Bank
Germany
$175K +$104K +5,500 +149%
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$97K -$35.9K -1,900 -27%
TDC
13
Thompson Davis & Co
Virginia
$19K – – –
AIG
14
American International Group
New York
$12.6K +$12.5K +660 New
WAM
15
Wolverine Asset Management
Illinois
$10K +$10.8K +569 New
MFS
16
MSI Financial Services
Massachusetts
$4K – – –
HighTower Advisors
17
HighTower Advisors
Illinois
– -$305K -16,680 Closed

PGZ Hedge Fund Activity: Q2 2014 in Review

16 of the 3,481 institutional investors tracked by Wall St. Rank reported a position in Principal Real Estate Income Fund (PGZ) for Q2 2014, worth a combined $12.2M — up 28% from $9.53M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new PGZ positions and 1 closed out — a net gain of 2 holders — while 8 added to existing stakes and 3 trimmed.

The largest buyer was First Trust Advisors, adding an estimated $1.27M. The largest seller was Mariner Investment Group, cutting an estimated $613K.

  • 16 institutional investors held Principal Real Estate Income Fund (PGZ) as of Q2 2014, up from 14 in Q1 2014.
  • Funds reported $12.2M of Principal Real Estate Income Fund stock for Q2 2014, up 28% quarter-over-quarter.
  • 3 funds opened new Principal Real Estate Income Fund positions in Q2 2014 and 1 closed out, a net change of +2 holders.
  • The largest Principal Real Estate Income Fund buyer in Q2 2014 was First Trust Advisors, an estimated $1.27M added.
  • The largest Principal Real Estate Income Fund seller in Q2 2014 was Mariner Investment Group, an estimated $613K sold.

Based on aggregated 13F filings for Q2 2014.