Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Principal Real Estate Income (PGZ)

32 + Investors. Track Smart Money conviction in PGZ. See who's accumulating, reducing, or initiating positions.

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
1Q ▼
Buyers last Q
59%

Smart Money Signals — PGZ

Based on 32 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their PGZ positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 94% of 3.0Y peak

94% of all-time peak
32 funds currently hold this stock — 94% of the 3.0-year high of 34 funds (reached 2026 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +19% more funds vs a year ago

fund count last 6Q
+5 new funds entered over the past year (+19% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 59% buying

16 buying11 selling
Last quarter: 16 funds bought or added vs 11 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~3 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 8 → 6 → 4 → 3. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

53% of holders stayed for 2+ years

53% conviction (2yr+) 28% medium 19% new
17 out of 32 hedge funds have held PGZ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
⚠️

Saturation — most institutions already know this story

4 → 8 → 6 → 4 → 3 new funds/Q
New funds entering each quarter: 8 → 6 → 4 → 3. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
🏛️

Veteran-anchored — 56% veterans vs 28% newcomers

56% veterans 16% 1-2yr 28% new
Entry-cohort mix of 32 holders: 18 (56%) are 2+ year veterans, 5 entered 1–2 years ago, and 9 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

Strong quality — 33% AUM from major funds

33% from top-100 AUM funds
5 of 32 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — PGZ

In 2026 Q2, 16 hedge funds were net buyers of PGZ (3 opened a new position, 13 added to an existing one), while 11 reduced or exited (6 trimmed, 5 sold completely) — a 59% buyer ratio, indicating a slight buying edge. 33% of total institutional value in PGZ is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 32.

Hedge Fund Ownership: PGZ

How many hedge funds hold PGZ — quarterly history vs. share price
Quarterly hedge fund ownership of PGZ vs. share price

Market Analysis: PGZ

Analyst Price Targets

Avg. Price Target
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Analyst Recommendations

Stock Performance

Real-time

Company Profile: PGZ

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: PGZ
32 + Investors

Track Smart Money conviction in PGZ. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 32 34 -5.88%
13F Shares 2M 2M 12.83%
Total Value $18M $15M 20.71%
New Positions 3 4 -1
Increased Positions 13 10 +3
Closed Positions 5 3 +2
Reduced Positions 6 15 -9
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PGZ

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Institutional Holders (2026 Q2)

32 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in PGZ. Verified SEC 13F-HR filings.

QUARTER:
Top 25 PGZ holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Closed-End Fund Advisors, Inc. 0.83% 82,825 $852K
2 Robinson Capital Management, LLC 0.12% 26,088 $268K
3 Riverbridge Partners LLC 0.06% 204,139 $2.1M
4 Evolve Private Wealth, LLC 0.04% 65,743 $676K
5 NWF Advisory Services Inc. 0.04% 40,200 $414K
6 Shaker Financial Services, LLC 0.04% 11,146 $115K
7 Advisors Asset Management, Inc. 0.03% 173,375 $1.8M
8 SeaCrest Wealth Management, LLC 0.02% 19,690 $203K
9 J.W. Cole Advisors, INC. 0.02% 115,141 $1.2M
10 KERR FINANCIAL PLANNING Corp 0.02% 1,451 $15K
11 Clear Creek Financial Management, LLC 0.01% 18,475 $190K
12 Guggenheim Capital LLC 0.01% 128,189 $1.3M
13 Blue Bell Private Wealth Management, LLC 0.01% 6,099 $63K
14 Investors Research Corp 0.00% 2,500 $26K
15 Glass Jacobson Investment Advisors llc 0.00% 1,420 $15K
16 Lido Advisors, LLC 0.00% 116,120 $1.2M
17 Thomas J. Herzfeld Advisors, Inc. 0.00% 908 $9K
18 Highline Wealth Partners LLC 0.00% 500 $5K
19 Private Advisor Group, LLC 0.00% 12,950 $133K
20 Osaic Holdings, INC. 0.00% 42,826 $441K
21 Morgan Stanley 0.00% 489,242 $5.0M
22 First Trust Advisors LP 0.00% 37,025 $381K
23 Cetera Investment Advisers 0.00% 22,488 $231K
24 Raymond James Financial Inc 0.00% 74,647 $768K
25 Commonwealth Equity Services, LLC 0.00% 14,500 $149K
Investor Ownership
History
% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Principal Real Estate Income (PGZ)

What does the Smart Money Trend signal show for PGZ?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their PGZ positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for PGZ?

Slight buying edge — 59% buying: Last quarter: 16 funds bought or added vs 11 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for PGZ holders?

Strong quality — 33% AUM from major funds: 5 of 32 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held PGZ?

53% of holders stayed for 2+ years: 17 out of 32 hedge funds have held PGZ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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