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 |
American Tower
AMT
|
+$465M |
| 2 |
SBA Communications
SBAC
|
+$339M |
| 3 |
CCC
CCC Intelligent Solutions
CCC
|
+$209M |
| 4 |
Equinix
EQIX
|
+$180M |
| 5 |
NNN REIT
NNN
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Industrial Realty Trust
FR
|
+$217M |
| 2 |
Digital Realty Trust
DLR
|
+$209M |
| 3 |
TransDigm Group
TDG
|
+$189M |
| 4 |
Public Storage
PSA
|
+$172M |
| 5 |
Realty Income
O
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.82% |
| 2 | Financials | 15.58% |
| 3 | Real Estate | 14.17% |
| 4 | Consumer Discretionary | 11.56% |
| 5 | Industrials | 11.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Manhattan Associates
MANH
$11B
| $128M | 0.08% |
512,603
+10,053
| +2% | +$2.39M |
|
227
United Parcel Service
UPS
$91.3B
| $128M | 0.08% |
861,040
-5,029
| -0.6% | -$764K |
|
228
Automatic Data Processing
ADP
$106B
| $128M | 0.08% |
511,200
-7,983
| -2% | -$1.95M |
|
229
nVent Electric
NVT
$26.2B
| $128M | 0.08% |
1,691,987
+113,300
| +7% | +$7.28M |
|
230
Lincoln Electric
LECO
$15B
| $128M | 0.08% |
499,216
-20,563
| -4% | -$4.86M |
|
231
Natera
NTRA
$39.3B
| $126M | 0.07% |
1,376,413
-327,202
| -19% | -$24.6M |
|
232
Constellation Energy
CEG
$95.6B
| $125M | 0.07% |
675,474
-44,212
| -6% | -$6.28M |
|
233
Cadence Design Systems
CDNS
$94.3B
| $124M | 0.07% |
399,837
+7,856
| +2% | +$2.32M |
|
234
Boeing
BA
$186B
| $122M | 0.07% |
634,528
+7,149
| +1% | +$1.47M |
|
235
Performance Food Group
PFGC
$17.7B
| $122M | 0.07% |
1,635,062
-21,405
| -1% | -$1.58M |
|
236
Lockheed Martin
LMT
$135B
| $122M | 0.07% |
268,104
-10,645
| -4% | -$4.67M |
|
237
MKS Inc
MKSI
$21.9B
| $121M | 0.07% |
911,243
+10,079
| +1% | +$1.17M |
|
238
SAP
SAP
$223B
| $121M | 0.07% |
621,417
+108,729
| +21% | +$19.3M |
|
239
Apple Hospitality REIT
APLE
$3.91B
| $120M | 0.07% |
7,298,700
+247,110
| +4% | +$4.04M |
|
240
Graphic Packaging
GPK
$3.46B
| $119M | 0.07% |
4,079,849
+29,189
| +0.7% | +$763K |
|
|
241
Realty Income
O
$58.5B
| $119M | 0.07% |
2,198,534
-2,752,486
| -56% | -$149M |
|
242
Cigna
CI
$72.8B
| $118M | 0.07% |
325,081
-1,055
| -0.3% | -$347K |
|
243
Analog Devices
ADI
$184B
| $118M | 0.07% |
594,079
+36,873
| +7% | +$7.09M |
|
244
Reliance Steel & Aluminium
RS
$21B
| $116M | 0.07% |
348,534
+61,687
| +22% | +$18.8M |
|
245
KLA
KLAC
$252B
| $116M | 0.07% |
1,656,700
-23,730
| -1% | -$1.52M |
|
246
Dycom Industries
DY
$12.5B
| $115M | 0.07% |
802,026
-184,587
| -19% | -$22.7M |
|
247
Brookfield Renewable
BEPC
$6.26B
| $115M | 0.07% |
4,677,627
+252,528
| +6% | +$6.62M |
|
|
GTLS
248
DELISTED
Chart Industries
GTLS
| $115M | 0.07% |
695,946
+84,931
| +14% | +$11.4M |
|
249
Fidelity National Information Services
FIS
$22.1B
| $114M | 0.07% |
1,542,308
-65,689
| -4% | -$4.28M |
|
250
National Health Investors
NHI
$3.59B
| $113M | 0.07% |
1,791,437
-79,195
| -4% | -$4.47M |
|
Similar funds
Principal Financial Group's Q1 2024 Portfolio in Review
As of Q1 2024, Principal Financial Group held 2,542 positions worth $170B, up 8.5% from $157B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Principal Financial Group's Q1 2024 filing shows 124 new, 1,250 increased, 1,019 reduced and 115 closed positions. Its largest new stake was Global X US Infrastructure Development ETF: 2,590,000 shares worth $103M. The largest sale was First Industrial Realty Trust, an estimated $217M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q1 2024 buy was Global X US Infrastructure Development ETF: 2,590,000 shares worth $103M.
- Principal Financial Group added most to American Tower in Q1 2024, an estimated $465M increase.
- Principal Financial Group's biggest Q1 2024 reduction was First Industrial Realty Trust, cutting an estimated $217M.
- Principal Financial Group fully exited Livent Corporation in Q1 2024, selling an estimated $45.7M.
- Principal Financial Group's ten largest holdings make up 18% of its $170B portfolio in Q1 2024.
- Principal Financial Group opened 124 new positions and closed 115 in Q1 2024.
- Principal Financial Group's portfolio value rose 8.5% quarter-over-quarter to $170B.
Based on Principal Financial Group's 13F filing for Q1 2024, filed 29 Apr 2024.