Principal Real Estate Income Fund
18 hedge funds and large institutions have $12.5M invested in Principal Real Estate Income Fund in 2017 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 5 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
1.22% less ownership
Funds ownership: 11.23% → 10.01% (-1.2%)
8% less capital invested
Capital invested by funds: $13.6M → $12.5M (-$1.09M)
14% less funds holding
Funds holding: 21 → 18 (-3)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$860K |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$420K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$259K |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$213K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$153K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.02M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$608K |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$570K |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$435K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$253K |
PGZ Hedge Fund Activity: Q2 2017 in Review
18 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Principal Real Estate Income Fund (PGZ) for Q2 2017, worth a combined $12.5M — down 8% from $13.6M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of PGZ and 2 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 8 added.
The largest buyer was Guggenheim Capital, adding an estimated $860K. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $1.02M sold.
- 18 institutional investors held Principal Real Estate Income Fund (PGZ) as of Q2 2017, down from 21 in Q1 2017.
- Funds reported $12.5M of Principal Real Estate Income Fund stock for Q2 2017, down 8% quarter-over-quarter.
- 2 funds opened new Principal Real Estate Income Fund positions in Q2 2017 and 5 closed out, a net change of -3 holders.
- The largest Principal Real Estate Income Fund buyer in Q2 2017 was Guggenheim Capital, an estimated $860K added.
- The largest Principal Real Estate Income Fund seller in Q2 2017 was Rivernorth Capital Management, an estimated $1.02M sold.
Based on aggregated 13F filings for Q2 2017.