PRINCIPAL REAL ESTATE INCOME PGZ
SHS BEN INT · Closed-End Fund · CUSIP 74255X104
30
institutional holders
-2 vs Q1 2023
2.0m
shares reported held*
$19.1mreported value*
5 new
9 added
7 reduced
8 sold out
net sold ≈ $630.5k (-66.7k shares)
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $9.48.
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 31 |
| Q4 2022 | 30 |
| Q1 2023 | 32 |
| Q2 2023 | 30 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 13 | 13 |
| Q1 2023 | 14 | 12 |
| Q2 2023 | 14 | 15 |
Biggest buyers
| Bulldog Investors, LLP | New | +141.5k |
| OSAIC HOLDINGS, INC. | Added | +69.6k |
| MORGAN STANLEY | Added | +30.0k |
| CLOUGH CAPITAL PARTNERS L P | Added | +25.3k |
| WELLS FARGO & COMPANY/MN | Added | +25.1k |
| CAPTRUST FINANCIAL ADVISORS | New | +14.3k |
| SeaCrest Wealth Management, LLC | New | +13.1k |
| Saba Capital Management, L.P. | Added | +4.7k |
| JPMORGAN CHASE & CO | New | +3.9k |
| FIRST TRUST ADVISORS LP | Added | +3.5k |
Biggest sellers
| Relative Value Partners Group, LLC | Reduced | -183.3k |
| Shaker Financial Services, LLC | Reduced | -54.4k |
| ROYAL BANK OF CANADA | Reduced | -41.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -25.4k |
| Consolidated Portfolio Review Corp | Sold out | -24.1k |
| AVANTAX ADVISORY SERVICES, INC. | Reduced | -17.4k |
| FNY Investment Advisers, LLC | Sold out | -12.5k |
| LPL Financial LLC | Sold out | -11.3k |
| RIVERBRIDGE PARTNERS LLC | Reduced | -10.5k |
| UBS Group AG | Reduced | -8.7k |
Insider purchases and sales in Q2 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| Saba Capital Management, L.P. 0.19% of their portfolio | 621.2k $5.9m | Added +4.7k |
| MORGAN STANLEY 0.00% of their portfolio | 373.5k $3.5m | Added +30.0k |
| Relative Value Partners Group, LLC 0.09% of their portfolio | 155.1k $1.5m | Reduced -183.3k |
| Bulldog Investors, LLP 0.44% of their portfolio | 141.5k $1.3m | New |
| RIVERBRIDGE PARTNERS LLC 0.02% of their portfolio | 132.9k $1.3m | Reduced -10.5k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 128.9k $1.2m | Added +69.6k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 78.0k $737.7k | Added +3.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 50.5k $477.7k | Added +25.1k |
| CLOUGH CAPITAL PARTNERS L P 0.04% of their portfolio | 43.4k $410.8k | Added +25.3k |
| NWF Advisory Services Inc. 0.09% of their portfolio | 41.8k $395.4k | Unchanged |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 36.7k $347.2k | Added +1.8k |
| Private Advisor Group, LLC 0.00% of their portfolio | 24.8k $234.5k | Reduced -1.1k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 22.0k $241.3k | Unchanged |
| AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio | 21.5k $203.4k | Reduced -17.4k |
| Intellectus Partners, LLC 0.05% of their portfolio | 16.6k $156.7k | Added +1.3k |
| GREAT VALLEY ADVISOR GROUP, INC. 0.01% of their portfolio | 16.0k $151.4k | Unchanged |
| NewEdge Advisors, LLC 0.00% of their portfolio | 14.8k $140.0k | Added +1.3k |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 14.3k $135.2k | New |
| ROBINSON CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 14.1k $133.5k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 13.8k $131.0k | Reduced -41.4k |
| SeaCrest Wealth Management, LLC 0.02% of their portfolio | 13.1k $124.0k | New |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 12.6k $119.2k | Unchanged |
| Shaker Financial Services, LLC 0.05% of their portfolio | 11.3k $107.0k | Reduced -54.4k |
| HOLLENCREST CAPITAL MANAGEMENT 0.01% of their portfolio | 6.1k $58.1k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 3.9k $37.0k | New |
| Investors Research Corp 0.01% of their portfolio | 2.5k $23.6k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 2.3k $22.1k | Reduced -8.7k |
| Glass Jacobson Investment Advisors llc 0.01% of their portfolio | 1.4k $12.9k | First filing |
| MCMILLION CAPITAL MANAGEMENT INC 0.00% of their portfolio | 360 $3.4k | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |