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 |
Tesla
TSLA
|
+$518M |
| 2 |
Liberty Broadband Class C
LBRDK
|
+$315M |
| 3 |
AIRC
Apartment Income REIT Corp.
AIRC
|
+$300M |
| 4 |
iShares Core S&P 500 ETF
IVV
|
+$204M |
| 5 |
American Tower
AMT
|
+$180M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$289M |
| 2 |
GLIBA
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
|
+$266M |
| 3 |
Ventas
VTR
|
+$222M |
| 4 |
AIV
Aimco
AIV
|
+$221M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$152M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.27% |
| 2 | Financials | 15.13% |
| 3 | Real Estate | 14.76% |
| 4 | Consumer Discretionary | 12.02% |
| 5 | Industrials | 9.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Amdocs
DOX
$5.88B
| $120M | 0.09% |
1,694,482
+424,046
| +33% | +$26.6M |
|
227
GE Aerospace
GE
$383B
| $120M | 0.09% |
2,225,209
-154,734
| -7% | -$6.93M |
|
228
Lockheed Martin
LMT
$135B
| $119M | 0.09% |
336,559
-16,178
| -5% | -$5.95M |
|
|
SUM
229
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $118M | 0.09% |
5,975,199
-64,939
| -1% | -$1.21M |
|
230
Goldman Sachs
GS
$303B
| $117M | 0.09% |
444,768
-23,694
| -5% | -$5.27M |
|
231
LCI Industries
LCII
$2.52B
| $115M | 0.08% |
883,874
-64,197
| -7% | -$7.89M |
|
232
Crown Castle
CCI
$33.5B
| $114M | 0.08% |
714,160
-32,067
| -4% | -$5.2M |
|
233
SAP
SAP
$219B
| $112M | 0.08% |
860,704
+58,538
| +7% | +$7.56M |
|
234
Teleflex
TFX
$6.18B
| $111M | 0.08% |
270,407
-12,472
| -4% | -$4.6M |
|
235
Applied Materials
AMAT
$411B
| $109M | 0.08% |
1,268,534
-58,748
| -4% | -$4.34M |
|
236
New Oriental
EDU
$9.4B
| $108M | 0.08% |
581,709
+57,298
| +11% | +$9.64M |
|
237
M&T Bank
MTB
$36.2B
| $108M | 0.08% |
844,482
-5,975
| -0.7% | -$680K |
|
238
Mondelez International
MDLZ
$78.8B
| $107M | 0.08% |
1,834,752
-104,409
| -5% | -$5.97M |
|
239
Credicorp
BAP
$31.4B
| $107M | 0.08% |
654,009
-25,464
| -4% | -$3.53M |
|
240
Caesars Entertainment
CZR
$6.06B
| $107M | 0.08% |
1,443,537
+45,683
| +3% | +$2.86M |
|
|
MRSH
241
Marsh
MRSH
$92B
| $107M | 0.08% |
911,395
-30,092
| -3% | -$3.42M |
|
242
Stryker
SYK
$131B
| $106M | 0.08% |
433,424
-15,586
| -3% | -$3.53M |
|
243
Micron Technology
MU
$937B
| $106M | 0.08% |
1,411,250
-95,553
| -6% | -$5.76M |
|
244
Zoetis
ZTS
$32.3B
| $105M | 0.08% |
634,983
-32,456
| -5% | -$5.28M |
|
245
Elevance Health
ELV
$83B
| $105M | 0.08% |
325,992
-23,747
| -7% | -$7.29M |
|
246
Altria Group
MO
$114B
| $103M | 0.08% |
2,516,080
-147,313
| -6% | -$5.91M |
|
247
CONMED
CNMD
$1.55B
| $103M | 0.08% |
916,933
-99,557
| -10% | -$9.43M |
|
248
Snap-on
SNA
$21.2B
| $102M | 0.08% |
598,267
-67,478
| -10% | -$11.3M |
|
249
Ecolab
ECL
$78.6B
| $102M | 0.08% |
473,137
-14,572
| -3% | -$3.04M |
|
250
Colgate-Palmolive
CL
$71.6B
| $102M | 0.08% |
1,196,866
-94,968
| -7% | -$7.85M |
|
Similar funds
Principal Financial Group's Q4 2020 Portfolio in Review
As of Q4 2020, Principal Financial Group held 2,508 positions worth $135B, up 14% from $119B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Principal Financial Group's Q4 2020 filing shows 187 new, 810 increased, 1,403 reduced and 94 closed positions. Its largest new stake was Apartment Income REIT Corp.: 7,814,575 shares worth $300M. The largest sale was Walt Disney, an estimated $289M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 19% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q4 2020 buy was Apartment Income REIT Corp.: 7,814,575 shares worth $300M.
- Principal Financial Group added most to Tesla in Q4 2020, an estimated $518M increase.
- Principal Financial Group's biggest Q4 2020 reduction was Walt Disney, cutting an estimated $289M.
- Principal Financial Group fully exited GCI Liberty, Inc. Class A Common Stock (DE) in Q4 2020, selling an estimated $266M.
- Principal Financial Group's ten largest holdings make up 15% of its $135B portfolio in Q4 2020.
- Principal Financial Group opened 187 new positions and closed 94 in Q4 2020.
- Principal Financial Group's portfolio value rose 14% quarter-over-quarter to $135B.
Based on Principal Financial Group's 13F filing for Q4 2020, filed 8 Feb 2021.