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 |
Brookfield
BN
|
+$274M |
| 2 |
Visa
V
|
+$215M |
| 3 |
Toronto Dominion Bank
TD
|
+$209M |
| 4 |
Canadian National Railway
CNI
|
+$206M |
| 5 |
HEICO Corp Class A
HEI.A
|
+$199M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Principal Exchange-Traded Funds Principal US Small-Cap ETF
PSC
|
+$423M |
| 2 |
NVIDIA
NVDA
|
+$253M |
| 3 |
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
|
+$245M |
| 4 |
Invitation Homes
INVH
|
+$236M |
| 5 |
Mettler-Toledo International
MTD
|
+$174M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.55% |
| 2 | Real Estate | 17.45% |
| 3 | Financials | 14.34% |
| 4 | Consumer Discretionary | 11.05% |
| 5 | Industrials | 9.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BFS
326
Saul Centers
BFS
$838M
| $73.8M | 0.05% |
1,401,191
-20,651
| -1% | -$1.01M |
|
327
Moderna
MRNA
$22.8B
| $73.8M | 0.05% |
428,622
-468
| -0.1% | -$78.8K |
|
328
Boston Scientific
BSX
$71.1B
| $73.5M | 0.05% |
1,660,119
-14,648
| -0.9% | -$635K |
|
329
Illinois Tool Works
ITW
$84.9B
| $73.2M | 0.05% |
349,796
-1,209
| -0.3% | -$271K |
|
330
HCA Healthcare
HCA
$86.8B
| $73.2M | 0.05% |
291,888
-1,072
| -0.4% | -$269K |
|
331
Cenovus Energy
CVE
$53B
| $73.1M | 0.05% |
+4,383,265
| New | +$66.5M |
|
332
Alcoa
AA
$12.4B
| $72.6M | 0.05% |
806,606
-163,685
| -17% | -$11.9M |
|
333
SLB Ltd
SLB
$75.4B
| $72.6M | 0.05% |
1,757,430
-68,931
| -4% | -$2.7M |
|
334
Republic Services
RSG
$63.9B
| $72.4M | 0.05% |
546,252
+57,334
| +12% | +$7.29M |
|
335
Hanover Insurance
THG
$7.94B
| $72.1M | 0.05% |
482,236
+42,177
| +10% | +$5.9M |
|
336
Waste Management
WM
$90B
| $71.9M | 0.05% |
453,583
-4,299
| -0.9% | -$652K |
|
337
FedEx
FDX
$74.1B
| $71.5M | 0.05% |
308,977
-9,897
| -3% | -$2.33M |
|
338
Ingredion
INGR
$6.6B
| $71.3M | 0.05% |
818,637
+21,162
| +3% | +$1.92M |
|
|
FISV
339
Fiserv Inc
FISV
$29.7B
| $70.3M | 0.04% |
693,101
-10,559
| -2% | -$1.07M |
|
340
Copa Holdings
CPA
$5.98B
| $70.3M | 0.04% |
840,104
+238,266
| +40% | +$19.6M |
|
341
General Dynamics
GD
$104B
| $69.9M | 0.04% |
289,864
-4,416
| -2% | -$981K |
|
|
IPG
342
DELISTED
Interpublic Group of Companies
IPG
| $69.6M | 0.04% |
1,964,608
-38,082
| -2% | -$1.37M |
|
343
Southwest Gas
SWX
$6.44B
| $69.5M | 0.04% |
887,589
+38,693
| +5% | +$2.71M |
|
344
Archer Daniels Midland
ADM
$38.5B
| $69.2M | 0.04% |
766,611
+4,965
| +0.7% | +$387K |
|
345
Wolfspeed
WOLF
$1.41B
| $69.2M | 0.04% |
607,538
+178,399
| +42% | +$18M |
|
346
Motorola Solutions
MSI
$73.5B
| $69.1M | 0.04% |
285,139
-33,817
| -11% | -$7.86M |
|
347
Occidental Petroleum
OXY
$54.8B
| $68.2M | 0.04% |
1,202,731
-50,590
| -4% | -$2.24M |
|
348
Emerson Electric
EMR
$89B
| $68.1M | 0.04% |
694,947
-66,068
| -9% | -$6.26M |
|
349
NXP Semiconductors
NXPI
$59.9B
| $68.1M | 0.04% |
368,075
-59,865
| -14% | -$11.8M |
|
350
Nasdaq
NDAQ
$52.3B
| $68M | 0.04% |
1,145,178
+242,856
| +27% | +$14.4M |
|
Similar funds
Principal Financial Group's Q1 2022 Portfolio in Review
As of Q1 2022, Principal Financial Group held 2,636 positions worth $159B, down 5.3% from $168B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Principal Financial Group's Q1 2022 filing shows 113 new, 868 increased, 1,537 reduced and 97 closed positions. Its largest new stake was Toronto Dominion Bank: 2,598,948 shares worth $206M. The largest sale was Principal Exchange-Traded Funds Principal US Small-Cap ETF, an estimated $423M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 19% a quarter earlier, followed by Real Estate and Financials.
- Principal Financial Group's largest Q1 2022 buy was Toronto Dominion Bank: 2,598,948 shares worth $206M.
- Principal Financial Group added most to Brookfield in Q1 2022, an estimated $274M increase.
- Principal Financial Group's biggest Q1 2022 reduction was Principal Exchange-Traded Funds Principal US Small-Cap ETF, cutting an estimated $423M.
- Principal Financial Group fully exited Sterling Bancorp in Q1 2022, selling an estimated $93.8M.
- Principal Financial Group's ten largest holdings make up 15% of its $159B portfolio in Q1 2022.
- Principal Financial Group opened 113 new positions and closed 97 in Q1 2022.
- Principal Financial Group's portfolio value fell 5.3% quarter-over-quarter to $159B.
Based on Principal Financial Group's 13F filing for Q1 2022, filed 9 May 2022.