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 |
Microsoft
MSFT
|
+$364M |
| 2 |
Moody's
MCO
|
+$313M |
| 3 |
VICI Properties
VICI
|
+$247M |
| 4 |
Progressive
PGR
|
+$240M |
| 5 |
Amazon
AMZN
|
+$197M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$251M |
| 2 |
Etsy
ETSY
|
+$209M |
| 3 |
MGP
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
|
+$202M |
| 4 |
Healthcare Realty
HR
|
+$191M |
| 5 |
PayPal
PYPL
|
+$165M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 17.6% |
| 2 | Technology | 16.41% |
| 3 | Financials | 14.71% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Industrials | 9.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Lincoln Electric
LECO
$14.2B
| $88.2M | 0.07% |
715,309
+8,790
| +1% | +$1.16M |
|
252
Booking.com
BKNG
$149B
| $88.2M | 0.07% |
1,260,225
+25,125
| +2% | +$2.14M |
|
253
Colgate-Palmolive
CL
$73.1B
| $88M | 0.07% |
1,097,629
+15,565
| +1% | +$1.22M |
|
254
Fair Isaac
FICO
$24.3B
| $87.8M | 0.07% |
219,114
+20,763
| +10% | +$8.19M |
|
255
Cognex
CGNX
$10.9B
| $87.8M | 0.07% |
2,064,675
+85,276
| +4% | +$4.78M |
|
256
Portland General Electric
POR
$5.8B
| $87.7M | 0.06% |
1,815,445
+611,446
| +51% | +$30.4M |
|
257
CME Group
CME
$96.3B
| $87.1M | 0.06% |
425,607
+6,780
| +2% | +$1.44M |
|
258
Bank OZK
OZK
$5.6B
| $87.1M | 0.06% |
2,320,392
+1,905
| +0.1% | +$75.2K |
|
259
3M
MMM
$90.9B
| $87M | 0.06% |
804,395
-452
| -0.1% | -$54.6K |
|
260
Camden Property Trust
CPT
$11B
| $86M | 0.06% |
639,579
-188,549
| -23% | -$27.9M |
|
261
Northrop Grumman
NOC
$77.1B
| $86M | 0.06% |
179,621
-14,949
| -8% | -$6.87M |
|
262
Centene
CNC
$30.7B
| $85.8M | 0.06% |
1,014,350
+287,126
| +39% | +$23.8M |
|
|
PSB
263
DELISTED
PS Business Parks, Inc.
PSB
| $85.4M | 0.06% |
456,060
-702,652
| -61% | -$128M |
|
264
Apple Hospitality REIT
APLE
$3.9B
| $84.8M | 0.06% |
5,777,512
-1,086,442
| -16% | -$18M |
|
265
Amdocs
DOX
$5.92B
| $84.2M | 0.06% |
1,010,226
-114,019
| -10% | -$9.4M |
|
266
Ameris Bancorp
ABCB
$5.85B
| $83.8M | 0.06% |
2,084,654
+293,289
| +16% | +$12.4M |
|
267
Brunswick
BC
$5.13B
| $83.7M | 0.06% |
1,280,017
+80,399
| +7% | +$5.91M |
|
|
PXD
268
DELISTED
Pioneer Natural Resource Co.
PXD
| $83.4M | 0.06% |
373,749
-41,464
| -10% | -$10.5M |
|
269
GE Aerospace
GE
$374B
| $83M | 0.06% |
2,092,126
+42,507
| +2% | +$2.06M |
|
270
MKS Inc
MKSI
$20.1B
| $82.4M | 0.06% |
802,575
+71,853
| +10% | +$8.37M |
|
271
Enphase Energy
ENPH
$4.96B
| $82M | 0.06% |
419,766
-13,766
| -3% | -$2.49M |
|
272
RPM International
RPM
$13.7B
| $81.8M | 0.06% |
1,038,550
+35,679
| +4% | +$3M |
|
273
Stryker
SYK
$125B
| $81.4M | 0.06% |
409,210
+11,598
| +3% | +$2.72M |
|
274
TJX Companies
TJX
$174B
| $81.4M | 0.06% |
1,456,926
-45,496
| -3% | -$2.75M |
|
|
CHX
275
DELISTED
ChampionX
CHX
| $80.9M | 0.06% |
4,073,500
+804,974
| +25% | +$18.2M |
|
Similar funds
Principal Financial Group's Q2 2022 Portfolio in Review
As of Q2 2022, Principal Financial Group held 2,734 positions worth $135B, down 15% from $159B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Principal Financial Group's Q2 2022 filing shows 195 new, 1,135 increased, 1,153 reduced and 225 closed positions. Its largest new stake was ESAB: 862,950 shares worth $37.8M. The largest sale was Salesforce, an estimated $251M.
By sector, the portfolio is most concentrated in Real Estate at 18% of assets, up from 17% a quarter earlier, followed by Technology and Financials.
- Principal Financial Group's largest Q2 2022 buy was ESAB: 862,950 shares worth $37.8M.
- Principal Financial Group added most to Microsoft in Q2 2022, an estimated $364M increase.
- Principal Financial Group's biggest Q2 2022 reduction was Salesforce, cutting an estimated $251M.
- Principal Financial Group fully exited MGM Growth Properties LLC Class A common shares representing limited liability company interests in Q2 2022, selling an estimated $202M.
- Principal Financial Group's ten largest holdings make up 15% of its $135B portfolio in Q2 2022.
- Principal Financial Group opened 195 new positions and closed 225 in Q2 2022.
- Principal Financial Group's portfolio value fell 15% quarter-over-quarter to $135B.
Based on Principal Financial Group's 13F filing for Q2 2022, filed 10 Aug 2022.