Principal Real Estate Income Fund
30 hedge funds and large institutions have $21.5M invested in Principal Real Estate Income Fund in 2021 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 13 reducing their positions, and 7 closing their positions.
23% more capital invested
Capital invested by funds: $17.5M → $21.5M (+$3.99M)
1.75% more ownership
Funds ownership: 18.8% → 20.55% (+1.8%)
14% less funds holding
Funds holding: 35 → 30 (-5)
23% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 13
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
+$2.31M |
| 2 |
Morgan Stanley
New York
|
+$1.01M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$358K |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$329K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$65.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QC
Quantedge Capital
Singapore
|
-$498K |
| 2 |
6M
6 Meridian
Wichita,
Kansas
|
-$376K |
| 3 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$351K |
| 4 |
CRWM
Castle Rock Wealth Management
Walnut Creek,
California
|
-$225K |
| 5 |
AC
Aristides Capital
Louisville,
Kentucky
|
-$199K |
PGZ Hedge Fund Activity: Q2 2021 in Review
30 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in Principal Real Estate Income Fund (PGZ) for Q2 2021, worth a combined $21.5M — up 23% from $17.5M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PGZ and 2 opened new positions — a net loss of 5 holders — while 13 trimmed existing stakes and 10 added.
The largest buyer was Relative Value Partners Group, opening a new position worth an estimated $2.31M. The largest seller was Quantedge Capital, cutting an estimated $498K.
- 30 institutional investors held Principal Real Estate Income Fund (PGZ) as of Q2 2021, down from 35 in Q1 2021.
- Funds reported $21.5M of Principal Real Estate Income Fund stock for Q2 2021, up 23% quarter-over-quarter.
- 2 funds opened new Principal Real Estate Income Fund positions in Q2 2021 and 7 closed out, a net change of -5 holders.
- The largest Principal Real Estate Income Fund buyer in Q2 2021 was Relative Value Partners Group, an estimated $2.31M added.
- The largest Principal Real Estate Income Fund seller in Q2 2021 was Quantedge Capital, an estimated $498K sold.
Based on aggregated 13F filings for Q2 2021.