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 | |
|---|---|---|---|---|---|---|
351
LCI Industries
LCII
$2.61B
| $75M | 0.04% |
609,232
+10,539
| +2% | +$1.24M |
|
352
Caleres
CAL
$481M
| $74.9M | 0.04% |
1,824,825
-381,508
| -17% | -$13.3M |
|
353
FedEx
FDX
$73.5B
| $74.8M | 0.04% |
258,314
+301
| +0.1% | +$75.3K |
|
354
Cognex
CGNX
$11.8B
| $74.7M | 0.04% |
1,761,220
-164,841
| -9% | -$6.42M |
|
355
Essent Group
ESNT
$6.13B
| $74.2M | 0.04% |
1,247,184
+120,881
| +11% | +$6.56M |
|
356
Mercado Libre
MELI
$97.5B
| $73.8M | 0.04% |
48,831
+587
| +1% | +$961K |
|
357
CRH
CRH
$66.5B
| $73.3M | 0.04% |
850,237
+56,285
| +7% | +$4.3M |
|
358
Carlisle Companies
CSL
$15.3B
| $73M | 0.04% |
186,370
+4,168
| +2% | +$1.41M |
|
359
Hanover Insurance
THG
$7.98B
| $73M | 0.04% |
535,969
-21,863
| -4% | -$2.84M |
|
360
Trex
TREX
$5.15B
| $72.7M | 0.04% |
728,517
-15,107
| -2% | -$1.35M |
|
361
Core & Main
CNM
$8.71B
| $72.6M | 0.04% |
1,267,377
+765,840
| +153% | +$35.1M |
|
362
Essential Properties Realty Trust
EPRT
$6.65B
| $71.9M | 0.04% |
2,697,079
+187,256
| +7% | +$4.69M |
|
363
General Dynamics
GD
$104B
| $71.7M | 0.04% |
253,921
+2,594
| +1% | +$694K |
|
364
Old Dominion Freight Line
ODFL
$44.8B
| $71.1M | 0.04% |
324,034
+3,664
| +1% | +$764K |
|
365
Varonis Systems
VRNS
$4.98B
| $70.9M | 0.04% |
1,503,683
+824,163
| +121% | +$39.2M |
|
366
Littelfuse
LFUS
$11.7B
| $70.8M | 0.04% |
292,054
-5,651
| -2% | -$1.36M |
|
367
3M
MMM
$93.9B
| $70.6M | 0.04% |
795,594
+5,311
| +0.7% | +$440K |
|
368
DoubleVerify
DV
$1.84B
| $70.4M | 0.04% |
2,003,272
-128,201
| -6% | -$4.77M |
|
369
Marriott International
MAR
$94.2B
| $70.2M | 0.04% |
278,279
-4,748
| -2% | -$1.15M |
|
370
RadNet
RDNT
$5.27B
| $70.2M | 0.04% |
1,442,887
+152,305
| +12% | +$6.14M |
|
371
FNB Corp
FNB
$6.84B
| $70.1M | 0.04% |
4,969,587
+48,336
| +1% | +$650K |
|
372
Timken Company
TKR
$9.13B
| $70M | 0.04% |
800,296
-24,037
| -3% | -$1.98M |
|
373
Pinnacle Financial Partners Inc
PNFP
$16.2B
| $69.9M | 0.04% |
813,585
+5,450
| +0.7% | +$458K |
|
374
Chord Energy
CHRD
$7.32B
| $69.9M | 0.04% |
391,956
+7,353
| +2% | +$1.18M |
|
375
Vanguard Real Estate ETF
VNQ
$39.2B
| $69.8M | 0.04% |
807,331
+586,781
| +266% | +$50.1M |
|
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.