Principal Financial Rebalances
Principal Financial Group Reduces Equity Positions in Multiple Companies During First Quarter Rebalancing
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Key Points
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Principal Financial Group trimmed its PagSeguro Digital stake by 17.8% in the first quarter, reducing to 994,414 shares after selling 215,811; the stake is about 0.30% of PagSeguro and was valued at roughly $9.964 million.
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Principal reduced its A10 Networks stake by 3.5% to 436,279 shares, selling 15,967 shares; the position was worth about $10.087 million at the end of the period. Director Eric Singer also sold 24,698 shares on May 5 at an average price of $27.21.
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Principal cut its Graham Holdings stake by 18.6% to 9,112 shares, selling 2,086; the holding was valued at about $9.634 million. Hedge funds and other institutional investors own about 93.16% of GHC.
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Principal reduced its Post Holdings stake by 8.3% to 94,337 shares, selling 8,543; the position was valued at about $9.326 million. Hedge funds and other institutional investors own about 94.85% of POST.
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In PagSeguro, institutional ownership is broad, with hedge funds and other institutional investors accounting for about 45.88% of the stock.
Principal Financial Group trimmed its equity stakes across several companies during the first quarter of 2025, with cuts ranging from 3.5% to 18.6%, according to Watchlist News and Ticker Report. The moves reflect broad portfolio rebalancing across tech, financial services, and consumer sectors.
The firm's biggest percentage cut came in Graham Holdings, where it sold 2,086 shares — an 18.6% reduction. Its largest dollar-value position among the trimmed stocks was A10 Networks, worth about $10.1 million at quarter's end, according to Ticker Report.
PagSeguro Stake Cut by Nearly a Fifth
Principal sold 215,811 shares of PagSeguro Digital during Q1, reducing its position by 17.8% to 994,414 shares, according to Watchlist News. The remaining stake was valued at roughly $9.96 million at the end of the period.
Principal now holds about 0.30% of PagSeguro's total shares outstanding. Institutional investors as a whole own about 45.88% of the Brazilian fintech company, which trades on the NYSE under the ticker PAGS.
A10 Networks Sees Principal and Director Both Sell
Principal cut its A10 Networks position by 3.5%, selling 15,967 shares and bringing its total to 436,279 shares, according to Watchlist News. The position was worth about $10.09 million at the close of Q1.
The institutional selling wasn't alone. Director Eric Singer also sold 24,698 shares on May 5 at an average price of $27.21 per share, per Ticker Report. That insider sale added pressure on top of Principal's earlier reduction.
Graham Holdings and Post Holdings Both Trimmed
Principal sold 2,086 shares of Graham Holdings — an 18.6% cut — leaving it with just 9,112 shares worth about $9.63 million, according to Watchlist News. Institutional investors own roughly 93.16% of Graham Holdings in total.
Post Holdings saw a smaller but still notable cut. Principal sold 8,543 shares, reducing its stake by 8.3% to 94,337 shares valued at about $9.33 million. Institutions own about 94.85% of Post Holdings, making it one of the most institutionally held stocks in the group, per Ticker Report.
BancFirst Also Clipped as Quarterly 13F Filings Roll In
Beyond the headline cuts, Principal also reduced its stake in BancFirst Corporation by 15.5% during Q1, according to Ticker Report. The move fits a broader pattern of the firm lightening positions across a wide range of sectors.
All of these changes came to light through mandatory 13F filings with the SEC. Large institutional investors must file these forms each quarter. The filings give investors a snapshot of where big money is moving — and where it is pulling back.
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