Principal Financial Group Portfolio holdings
Principal Financial Group, founded in 1879 as the Bankers Life Association by Edward Temple and headquartered in Des Moines, Iowa, is a global financial services firm specializing in retirement solutions, insurance, and asset management, overseeing more than $709 billion in assets under management as of late 2024. Serving over 62 million customers across individuals, businesses, and institutions, Principal offers 401(k) plans, group insurance (life, disability, dental), annuities, and investment products through its Principal Global Investors arm, with a strong focus on U.S. and international markets like Asia and Latin America. Known for its stability and customer-centric approach, the publicly traded company (NASDAQ: PFG) under CEO Dan Houston has expanded through acquisitions like Wells Fargo’s retirement business in 2019, emphasizing long-term financial security. With a workforce of over 19,000 and a legacy of resilience, Principal remains a trusted name in retirement and wealth management.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CoStar Group
CSGP
|
+$351M |
| 2 |
Digital Realty Trust
DLR
|
+$234M |
| 3 |
American Tower
AMT
|
+$214M |
| 4 |
AvalonBay Communities
AVB
|
+$158M |
| 5 |
COR
Coresite Realty Corporation
COR
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
INXN
Interxion Holding N.V.
INXN
|
+$358M |
| 2 |
Welltower
WELL
|
+$234M |
| 3 |
Wayfair
W
|
+$187M |
| 4 |
iShares Core S&P 500 ETF
IVV
|
+$173M |
| 5 |
Host Hotels & Resorts
HST
|
+$171M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.28% |
| 2 | Real Estate | 16.9% |
| 3 | Financials | 15.46% |
| 4 | Consumer Discretionary | 10.43% |
| 5 | Healthcare | 9.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SUM
226
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $86M | 0.1% |
5,830,908
+262,261
| +5% | +$5.1M |
|
|
ALE
227
DELISTED
Allete
ALE
| $85.9M | 0.1% |
1,415,637
+337,155
| +31% | +$25.5M |
|
228
Steris
STE
$22.6B
| $85.9M | 0.1% |
613,450
-116,379
| -16% | -$17.4M |
|
229
Nordson
NDSN
$17.3B
| $85.4M | 0.09% |
632,546
-95,302
| -13% | -$14.7M |
|
230
Colgate-Palmolive
CL
$74B
| $85.4M | 0.09% |
1,286,978
-1,935
| -0.2% | -$136K |
|
231
Liberty Global Class C
LBTYK
$3.5B
| $85.2M | 0.09% |
5,423,243
-1,990,071
| -27% | -$37.4M |
|
232
CME Group
CME
$94B
| $85M | 0.09% |
491,667
+14
| +0% | +$2.79K |
|
233
SAP
SAP
$228B
| $82.5M | 0.09% |
746,360
+75,926
| +11% | +$9.58M |
|
234
Sabra Healthcare REIT
SBRA
$5.29B
| $82.5M | 0.09% |
7,552,059
-597,311
| -7% | -$11M |
|
235
Elevance Health
ELV
$83.6B
| $82.4M | 0.09% |
362,768
-10,527
| -3% | -$2.87M |
|
|
MRSH
236
Marsh
MRSH
$91.9B
| $82.3M | 0.09% |
952,224
+2,581
| +0.3% | +$275K |
|
237
Credicorp
BAP
$31.5B
| $82.2M | 0.09% |
574,324
+79,956
| +16% | +$15.1M |
|
238
Enterprise Products Partners
EPD
$81.1B
| $82.1M | 0.09% |
5,738,050
+60,677
| +1% | +$1.41M |
|
239
Duke Energy
DUK
$95.9B
| $81.6M | 0.09% |
1,008,385
+7,051
| +0.7% | +$648K |
|
240
Dominion Energy
D
$60B
| $81.5M | 0.09% |
1,129,491
+232
| +0% | +$18.9K |
|
241
American Express
AXP
$236B
| $81.4M | 0.09% |
950,901
+831
| +0.1% | +$96.7K |
|
242
Intuitive Surgical
ISRG
$132B
| $80.8M | 0.09% |
489,663
+420
| +0.1% | +$76.9K |
|
243
Biogen
BIIB
$30.7B
| $80.2M | 0.09% |
253,602
-19,219
| -7% | -$5.83M |
|
244
James River Group Holdings
JRVR
$215M
| $80.2M | 0.09% |
2,213,433
-181,394
| -8% | -$7.31M |
|
245
Booking.com
BKNG
$161B
| $80M | 0.09% |
1,487,575
-1,817,500
| -55% | -$128M |
|
|
AGN
246
DELISTED
Allergan plc
AGN
| $79.9M | 0.09% |
451,101
-968
| -0.2% | -$182K |
|
247
Zoetis
ZTS
$31.2B
| $79.4M | 0.09% |
674,934
+652
| +0.1% | +$85.8K |
|
248
Southern Company
SO
$106B
| $79.4M | 0.09% |
1,465,749
-40,725
| -3% | -$2.58M |
|
|
FISV
249
Fiserv Inc
FISV
$29.7B
| $79.3M | 0.09% |
835,028
+5,309
| +0.6% | +$590K |
|
250
Franco-Nevada
FNV
$44.4B
| $78.5M | 0.09% |
+788,613
| New | +$85.6M |
|
Similar funds
Principal Financial Group's Q1 2020 Portfolio in Review
As of Q1 2020, Principal Financial Group held 2,294 positions worth $90.3B, down 25% from $120B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Principal Financial Group's Q1 2020 filing shows 64 new, 735 increased, 1,378 reduced and 95 closed positions. Its largest new stake was iShares iBoxx $ Investment Grade Corporate Bond ETF: 1,099,000 shares worth $136M. The largest sale was Interxion Holding N.V., an estimated $358M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Real Estate and Financials.
- Principal Financial Group's largest Q1 2020 buy was iShares iBoxx $ Investment Grade Corporate Bond ETF: 1,099,000 shares worth $136M.
- Principal Financial Group added most to CoStar Group in Q1 2020, an estimated $351M increase.
- Principal Financial Group's biggest Q1 2020 reduction was Welltower, cutting an estimated $234M.
- Principal Financial Group fully exited Interxion Holding N.V. in Q1 2020, selling an estimated $358M.
- Principal Financial Group's ten largest holdings make up 14% of its $90.3B portfolio in Q1 2020.
- Principal Financial Group opened 64 new positions and closed 95 in Q1 2020.
- Principal Financial Group's portfolio value fell 25% quarter-over-quarter to $90.3B.
Based on Principal Financial Group's 13F filing for Q1 2020, filed 12 May 2020.