PRINCIPAL SECURITIES, INC.

CIK 0000012600 · Q2 2026

13F Equity AUM

$8.3B

+21.8% QoQ

Positions

1,539

+128 QoQ

AUM Rank

#1,218

Top 10%

Skill Alpha (FF)

-1.9%/yr^ns

No Clear Edge

Rank #5,726 · Top 69%

vs S&P -4.7%/yr (unadj.)

Quarters Tracked

~2 years

Portfolio Concentration

Top 5: 16.8%Top 10: 24.2%Top 20: 33.6%

PIEQ4.8%

USMC4.3%

IVV3.4%

LCAP2.3%

PSC2.1%

BCHP1.9%

IG1.6%

GSUS1.5%

NVDA1.2%

AAPL1.2%

Others (1529)75.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services71.0%

Technology8.8%

Fund5.3%

Consumer Cyclical2.7%

Healthcare2.7%

Communication Services2.5%

Industrials2.4%

Other4.6%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 1539Median: 0.01%Avg: 0.07%

0–0.5%

1502(55.8%)

0.5–1%

23(15.8%)

1–3%

11(16.0%)

3–5%

3(12.4%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 1,539vs 20 funds

0%Low

1,539

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New185Increased832Decreased501Exited57

New Positions

GBND0.7%

+1.1M

EWG0.2%

+415K

GIGL0.2%

+309K

SFLR0.2%

+355K

GSC0.1%

+111K

IALT0.1%

+175K

IGLD0.1%

+202K

EAPR0.1%

+121K

GGOV0.0%

+69K

ROUNDHILL ETF TRUST0.0%

+43K

Increased

PIEQ4.8%

+6.9M(+167%)

IG1.6%

+1.6M(+33%)

YLD1.1%

+1.5M(+44%)

LCAP2.3%

+985K(+20%)

GOVT0.5%

+354K(+27%)

SPLB0.2%

+267K(+54%)

SBAR0.4%

+264K(+29%)

GSIE0.7%

+260K(+26%)

HDV0.1%

+251K(+528%)

GEM0.4%

+249K(+72%)

Decreased

AGG1.1%

-464,263(-34%)

LVHI0.1%

-304,031(-62%)

EWU0.1%

-259,081(-52%)

COWZ0.0%

-238,800(-85%)

IEMG0.6%

-221,180(-28%)

CAFX0.0%

-210,531(-67%)

RYLD0.0%

-207,106(-47%)

IJR0.4%

-197,088(-50%)

VCIT0.0%

-170,362(-94%)

SHV0.1%

-99,756(-73%)

Exited

-15,711

-30,129

-84,850

-36,769

-41,805

-27,973

-8,418

-10,537

-18,736

-1,972

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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