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Stocks•9 May 2026•

1 min read

Principal Financial Group Rebalances Portfolio, Slashes Equity Residential Stake by 88%

Key Facts

1Principal Financial Group significantly reduced its stake in Equity Residential by 87.9%, selling 5,920,990 shares.

2The group increased its positions in MetLife, Delta Air Lines, Stride, and Take-Two Interactive during the fourth quarter.

3The firm trimmed its ownership in Flex Ltd by 4.6% despite the company reporting strong earnings of $0.93 EPS.

Principal Financial Group Inc. executed a significant rebalancing of its investment portfolio during the fourth quarter, highlighted by a massive 87.9% reduction in its stake in Equity Residential. The firm liquidated over 5.9 million shares of the real estate investment trust, signaling a potential strategic shift away from the residential sector. Conversely, the group bolstered its positions in several large-cap stocks, including MetLife, Delta Air Lines, Stride, and Take-Two Interactive. Interestingly, the firm trimmed its exposure to Flex Ltd by 4.6%, despite the company reporting robust quarterly earnings of $0.93 per share. These adjustments represent standard institutional rebalancing following the latest round of quarterly earnings reports and internal strategy shifts. Market analysts view the substantial exit from EQR as a notable outlier in an otherwise diversified series of trades.

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