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 |
iShares MBS ETF
MBB
|
+$249M |
| 2 |
Host Hotels & Resorts
HST
|
+$199M |
| 3 |
Wayfair
W
|
+$197M |
| 4 |
AerCap
AER
|
+$115M |
| 5 |
Fastenal
FAST
|
+$98.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$223M |
| 2 |
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
|
+$174M |
| 3 |
Apple
AAPL
|
+$133M |
| 4 |
Scotiabank
BNS
|
+$121M |
| 5 |
Simon Property Group
SPG
|
+$109M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 16.64% |
| 2 | Financials | 16.14% |
| 3 | Technology | 14.76% |
| 4 | Consumer Discretionary | 11.12% |
| 5 | Industrials | 9.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Hanover Insurance
THG
$8.01B
| $53.6M | 0.05% |
395,776
-4,186
| -1% | -$550K |
|
377
Encompass Health
EHC
$10.9B
| $52.9M | 0.05% |
1,050,519
-11,842
| -1% | -$595K |
|
378
Broadridge
BR
$17.8B
| $52.5M | 0.05% |
421,534
-14,431
| -3% | -$1.86M |
|
379
Ameriprise Financial
AMP
$48.3B
| $52.2M | 0.05% |
355,141
-31,809
| -8% | -$4.46M |
|
380
Corteva
CTVA
$53.3B
| $52M | 0.05% |
1,858,495
+156,687
| +9% | +$4.53M |
|
381
Ametek
AME
$55.2B
| $51.6M | 0.05% |
562,218
-16,401
| -3% | -$1.45M |
|
382
Amdocs
DOX
$5.8B
| $51.5M | 0.05% |
778,633
+200,201
| +35% | +$12.9M |
|
383
National Health Investors
NHI
$3.65B
| $51.4M | 0.05% |
624,418
-6,502
| -1% | -$529K |
|
|
BFS
384
Saul Centers
BFS
$841M
| $51.1M | 0.05% |
937,273
-14,554
| -2% | -$776K |
|
385
Expeditors International
EXPD
$22B
| $51M | 0.05% |
686,599
-2,363
| -0.3% | -$173K |
|
386
Ford
F
$57.7B
| $50.9M | 0.04% |
5,555,439
+6,506
| +0.1% | +$61.8K |
|
387
Camden Property Trust
CPT
$10.8B
| $50.6M | 0.04% |
455,769
-8,477
| -2% | -$913K |
|
388
Dow Inc
DOW
$21.4B
| $50.4M | 0.04% |
1,057,984
-1,760
| -0.2% | -$82.4K |
|
389
Essential Utilities
WTRG
$11.4B
| $50.3M | 0.04% |
1,120,935
+35,906
| +3% | +$1.54M |
|
|
Y
390
DELISTED
Alleghany Corp
Y
| $50.1M | 0.04% |
62,764
-864
| -1% | -$636K |
|
391
Constellation Brands
STZ
$22.2B
| $50M | 0.04% |
241,204
-2,264
| -0.9% | -$455K |
|
392
General Mills
GIS
$19.3B
| $49.8M | 0.04% |
903,645
+48,847
| +6% | +$2.63M |
|
393
Humana
HUM
$43.6B
| $49.7M | 0.04% |
194,381
+829
| +0.4% | +$232K |
|
394
Church & Dwight Co
CHD
$23.4B
| $49.6M | 0.04% |
659,775
+12,558
| +2% | +$951K |
|
395
FedEx
FDX
$73B
| $49.5M | 0.04% |
339,925
+641
| +0.2% | +$103K |
|
396
Zebra Technologies
ZBRA
$13.7B
| $48.8M | 0.04% |
236,700
-8,778
| -4% | -$1.77M |
|
397
MasTec
MTZ
$20.8B
| $48.7M | 0.04% |
750,582
-131,721
| -15% | -$7.69M |
|
398
Washington Trust Bancorp
WASH
$739M
| $48.6M | 0.04% |
1,006,355
-113,510
| -10% | -$5.55M |
|
399
AMN Healthcare
AMN
$1.31B
| $48.4M | 0.04% |
841,551
+4,004
| +0.5% | +$222K |
|
|
TWTR
400
DELISTED
Twitter, Inc.
TWTR
| $48.1M | 0.04% |
1,167,621
+40,334
| +4% | +$1.65M |
|
Similar funds
Principal Financial Group's Q3 2019 Portfolio in Review
As of Q3 2019, Principal Financial Group held 2,307 positions worth $113B, up 2% from $111B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Principal Financial Group's Q3 2019 filing shows 81 new, 938 increased, 1,207 reduced and 62 closed positions. Its largest new stake was State Street SPDR Portfolio Intermediate Term Corporate Bond ETF: 1,179,809 shares worth $41.6M. The largest sale was State Street SPDR Bloomberg High Yield Bond ETF, an estimated $223M.
By sector, the portfolio is most concentrated in Real Estate at 17% of assets, up from 16% a quarter earlier, followed by Financials and Technology.
- Principal Financial Group's largest Q3 2019 buy was State Street SPDR Portfolio Intermediate Term Corporate Bond ETF: 1,179,809 shares worth $41.6M.
- Principal Financial Group added most to iShares MBS ETF in Q3 2019, an estimated $249M increase.
- Principal Financial Group's biggest Q3 2019 reduction was State Street SPDR Bloomberg High Yield Bond ETF, cutting an estimated $223M.
- Principal Financial Group fully exited Anadarko Petroleum in Q3 2019, selling an estimated $55.2M.
- Principal Financial Group's ten largest holdings make up 11% of its $113B portfolio in Q3 2019.
- Principal Financial Group opened 81 new positions and closed 62 in Q3 2019.
- Principal Financial Group's portfolio value rose 2% quarter-over-quarter to $113B.
Based on Principal Financial Group's 13F filing for Q3 2019, filed 13 Nov 2019.