Principal Real Estate Income Fund
34 hedge funds and large institutions have $16.3M invested in Principal Real Estate Income Fund in 2025 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 11 reducing their positions, and 6 closing their positions.
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
3% more funds holding
Funds holding: 33 → 34 (+1)
0.58% more ownership
Funds ownership: 23.7% → 24.28% (+0.58%)
0% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 11
2% less capital invested
Capital invested by funds: $16.6M → $16.3M (-$327K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$433K |
| 2 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
+$432K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$431K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$380K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$304K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.98M |
| 2 |
SCM
Saba Capital Management
New York
|
-$1.39M |
| 3 |
GVAG
Great Valley Advisor Group
Wilmington,
Delaware
|
-$167K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$96.1K |
| 5 |
RA
RFG Advisory
Birmingham,
Alabama
|
-$24.5K |
PGZ Hedge Fund Activity: Q4 2025 in Review
34 of the 8,228 institutional investors tracked by Wall St. Rank reported a position in Principal Real Estate Income Fund (PGZ) for Q4 2025, worth a combined $16.3M — down 2% from $16.6M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new PGZ positions and 6 closed out — a net gain of 1 holder — while 11 added to existing stakes and 11 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $433K. The largest seller was Bulldog Investors, exiting entirely with an estimated $1.98M sold.
- 34 institutional investors held Principal Real Estate Income Fund (PGZ) as of Q4 2025, up from 33 in Q3 2025.
- Funds reported $16.3M of Principal Real Estate Income Fund stock for Q4 2025, down 2% quarter-over-quarter.
- 7 funds opened new Principal Real Estate Income Fund positions in Q4 2025 and 6 closed out, a net change of +1 holder.
- The largest Principal Real Estate Income Fund buyer in Q4 2025 was Morgan Stanley, an estimated $433K added.
- The largest Principal Real Estate Income Fund seller in Q4 2025 was Bulldog Investors, an estimated $1.98M sold.
Based on aggregated 13F filings for Q4 2025.