Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
26 hedge funds and large institutions have $1.05B invested in Principal Exchange-Traded Funds Principal US Mega-Cap ETF in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 4 increasing their positions, 14 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
13% more funds holding
Funds holding: 23 → 26 (+3)
12% more capital invested
Capital invested by funds: $940M → $1.05B (+$113M)
1.57% more ownership
Funds ownership: 88.87% → 90.45% (+1.6%)
71% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$6.08M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$3.92M |
| 3 |
Principal Financial Group
Des Moines,
Iowa
|
+$3.23M |
| 4 |
JWM
Jackson Wealth Management
Lake Mary,
Florida
|
+$1.91M |
| 5 |
LPL Financial
San Diego,
California
|
+$298K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.16M |
| 2 |
Morgan Stanley
New York
|
-$906K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$904K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$562K |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$263K |
USMC Hedge Fund Activity: Q1 2023 in Review
26 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Principal Exchange-Traded Funds Principal US Mega-Cap ETF (USMC) for Q1 2023, worth a combined $1.05B — up 12% from $940M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new USMC positions and 2 closed out — a net gain of 4 holders — while 4 added to existing stakes and 14 trimmed.
The largest buyer was Raymond James & Associates, opening a new position worth an estimated $6.08M. The largest seller was Bank of America, cutting an estimated $1.16M.
- 26 institutional investors held Principal Exchange-Traded Funds Principal US Mega-Cap ETF (USMC) as of Q1 2023, up from 23 in Q4 2022.
- Funds reported $1.05B of Principal Exchange-Traded Funds Principal US Mega-Cap ETF stock for Q1 2023, up 12% quarter-over-quarter.
- 6 funds opened new Principal Exchange-Traded Funds Principal US Mega-Cap ETF positions in Q1 2023 and 2 closed out, a net change of +4 holders.
- The largest Principal Exchange-Traded Funds Principal US Mega-Cap ETF buyer in Q1 2023 was Raymond James & Associates, an estimated $6.08M added.
- The largest Principal Exchange-Traded Funds Principal US Mega-Cap ETF seller in Q1 2023 was Bank of America, an estimated $1.16M sold.
Based on aggregated 13F filings for Q1 2023.