Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
19 hedge funds and large institutions have $75M invested in Principal Exchange-Traded Funds Principal US Mega-Cap ETF in 2019 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 3 reducing their positions, and 1 closing their positions.
600% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 1
167% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 3
70% more capital invested
Capital invested by funds: $44.2M → $75M (+$30.8M)
46% more funds holding
Funds holding: 13 → 19 (+6)
1.87% more ownership
Funds ownership: 2.76% → 4.63% (+1.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$24.5M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
+$1.27M |
| 3 |
LPL Financial
San Diego,
California
|
+$640K |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$613K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$478K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$122K |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$82.2K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$29.3K |
| 4 |
CFGS
Concourse Financial Group Securities
Birmingham,
Alabama
|
-$1.39K |
USMC Hedge Fund Activity: Q2 2019 in Review
19 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Principal Exchange-Traded Funds Principal US Mega-Cap ETF (USMC) for Q2 2019, worth a combined $75M — up 70% from $44.2M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new USMC positions and 1 closed out — a net gain of 6 holders — while 8 added to existing stakes and 3 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $24.5M. The largest seller was Cornerstone Wealth Management, cutting an estimated $122K.
- 19 institutional investors held Principal Exchange-Traded Funds Principal US Mega-Cap ETF (USMC) as of Q2 2019, up from 13 in Q1 2019.
- Funds reported $75M of Principal Exchange-Traded Funds Principal US Mega-Cap ETF stock for Q2 2019, up 70% quarter-over-quarter.
- 7 funds opened new Principal Exchange-Traded Funds Principal US Mega-Cap ETF positions in Q2 2019 and 1 closed out, a net change of +6 holders.
- The largest Principal Exchange-Traded Funds Principal US Mega-Cap ETF buyer in Q2 2019 was Envestnet Asset Management, an estimated $24.5M added.
- The largest Principal Exchange-Traded Funds Principal US Mega-Cap ETF seller in Q2 2019 was Cornerstone Wealth Management, an estimated $122K sold.
Based on aggregated 13F filings for Q2 2019.