Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
27 hedge funds and large institutions have $1.33B invested in Principal Exchange-Traded Funds Principal US Mega-Cap ETF in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 7 closing their positions.
3,345% more capital inflows, than outflows
Capital inflows: $172M | Capital outflows: $5M
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
4% more funds holding
Funds holding: 26 → 27 (+1)
0.54% more ownership
Funds ownership: 90.45% → 90.99% (+0.54%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
+$156M |
| 2 |
LPL Financial
San Diego,
California
|
+$5.11M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$4.94M |
| 4 |
OCM
One Capital Management
Westlake Village,
California
|
+$1.52M |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
+$1.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$1.25M |
| 2 |
SSWM
Sheets Smith Wealth Management
Winston-Salem,
North Carolina
|
-$1.23M |
| 3 |
Goldman Sachs
New York
|
-$1.12M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$358K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$296K |
USMC Hedge Fund Activity: Q2 2023 in Review
27 of the 6,387 institutional investors tracked by Wall St. Rank reported a position in Principal Exchange-Traded Funds Principal US Mega-Cap ETF (USMC) for Q2 2023, worth a combined $1.33B — up 27% from $1.05B a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new USMC positions and 7 closed out — a net gain of 1 holder — while 9 added to existing stakes and 8 trimmed.
The largest buyer was Principal Financial Group, adding an estimated $156M. The largest seller was NewEdge Advisors, cutting an estimated $1.25M.
- 27 institutional investors held Principal Exchange-Traded Funds Principal US Mega-Cap ETF (USMC) as of Q2 2023, up from 26 in Q1 2023.
- Funds reported $1.33B of Principal Exchange-Traded Funds Principal US Mega-Cap ETF stock for Q2 2023, up 27% quarter-over-quarter.
- 8 funds opened new Principal Exchange-Traded Funds Principal US Mega-Cap ETF positions in Q2 2023 and 7 closed out, a net change of +1 holder.
- The largest Principal Exchange-Traded Funds Principal US Mega-Cap ETF buyer in Q2 2023 was Principal Financial Group, an estimated $156M added.
- The largest Principal Exchange-Traded Funds Principal US Mega-Cap ETF seller in Q2 2023 was NewEdge Advisors, an estimated $1.25M sold.
Based on aggregated 13F filings for Q2 2023.