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 |
Digital Realty Trust
DLR
|
+$405M |
| 2 |
Brookfield Asset Management
BAM
|
+$375M |
| 3 |
Gaming and Leisure Properties
GLPI
|
+$239M |
| 4 |
Welltower
WELL
|
+$218M |
| 5 |
American Tower
AMT
|
+$170M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
STOR
STORE Capital Corporation
STOR
|
+$364M |
| 2 |
Brookfield
BN
|
+$235M |
| 3 |
Equinix
EQIX
|
+$232M |
| 4 |
Guidewire Software
GWRE
|
+$191M |
| 5 |
Liberty Broadband Class C
LBRDK
|
+$151M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 16.55% |
| 2 | Technology | 15.79% |
| 3 | Financials | 15.77% |
| 4 | Industrials | 10.84% |
| 5 | Consumer Discretionary | 10.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SEM
376
DELISTED
Select Medical
SEM
| $54.4M | 0.04% |
4,064,746
+142,574
| +4% | +$1.84M |
|
377
Principal Active High Yield ETF
YLD
$582M
| $54.4M | 0.04% |
3,045,491
+1,291
| +0% | +$23.1K |
|
378
First Horizon
FHN
$12.3B
| $54.4M | 0.04% |
2,218,716
+127,305
| +6% | +$3.09M |
|
|
SFBS
379
ServisFirst Bancshares
SFBS
$4.95B
| $54.3M | 0.04% |
788,187
-27,652
| -3% | -$2.07M |
|
380
California Resources
CRC
$4.56B
| $54.2M | 0.04% |
1,245,754
-60,632
| -5% | -$2.66M |
|
381
Simply Good Foods
SMPL
$981M
| $54.2M | 0.04% |
1,425,225
+235,365
| +20% | +$8.69M |
|
382
Occidental Petroleum
OXY
$54.1B
| $54M | 0.04% |
857,274
-42,927
| -5% | -$2.92M |
|
|
SYNH
383
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $54M | 0.04% |
1,471,958
-35,350
| -2% | -$1.4M |
|
384
Nexstar Media Group
NXST
$5.8B
| $54M | 0.04% |
308,400
+90,928
| +42% | +$16M |
|
385
NiSource
NI
$21.2B
| $53.8M | 0.04% |
1,962,989
+64,926
| +3% | +$1.71M |
|
386
LCI Industries
LCII
$2.49B
| $53.8M | 0.04% |
581,895
+1,132
| +0.2% | +$111K |
|
387
Caesars Entertainment
CZR
$6.06B
| $53.8M | 0.04% |
1,292,738
-26,775
| -2% | -$1.19M |
|
|
BFS
388
Saul Centers
BFS
$834M
| $53.7M | 0.04% |
1,320,112
-56,072
| -4% | -$2.27M |
|
|
WNS
389
DELISTED
WNS Holdings
WNS
| $53.5M | 0.04% |
668,972
-29,298
| -4% | -$2.42M |
|
390
Aecom
ACM
$9.54B
| $53.2M | 0.04% |
626,763
+83,034
| +15% | +$6.53M |
|
391
American International
AIG
$40.9B
| $53M | 0.04% |
838,336
-42,664
| -5% | -$2.48M |
|
392
Graphic Packaging
GPK
$3.39B
| $52.5M | 0.04% |
2,360,628
-5,948
| -0.3% | -$131K |
|
393
Donaldson
DCI
$11.2B
| $52.5M | 0.04% |
892,199
-8,348
| -0.9% | -$478K |
|
394
Kinsale Capital Group
KNSL
$7.97B
| $52.5M | 0.04% |
200,764
-12,692
| -6% | -$3.66M |
|
395
Centene
CNC
$31.8B
| $52.4M | 0.04% |
639,408
-82,705
| -11% | -$6.76M |
|
396
Essential Utilities
WTRG
$10.9B
| $52.3M | 0.04% |
1,096,657
-1,790
| -0.2% | -$81K |
|
397
Aflac
AFL
$63.8B
| $52.1M | 0.04% |
724,140
-39,117
| -5% | -$2.62M |
|
398
Ford
F
$56.7B
| $51.8M | 0.04% |
4,456,467
-118,389
| -3% | -$1.52M |
|
399
Charter Communications
CHTR
$17.2B
| $51.8M | 0.04% |
152,666
+15,769
| +12% | +$5.54M |
|
400
Cathay General Bancorp
CATY
$4.28B
| $51.6M | 0.04% |
1,265,338
-27,917
| -2% | -$1.21M |
|
Similar funds
Principal Financial Group's Q4 2022 Portfolio in Review
As of Q4 2022, Principal Financial Group held 2,612 positions worth $133B, up 5.5% from $126B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Principal Financial Group's Q4 2022 filing shows 120 new, 876 increased, 1,421 reduced and 175 closed positions. Its largest new stake was Brookfield Asset Management: 12,455,054 shares worth $357M. The largest sale was STORE Capital Corporation, an estimated $364M.
By sector, the portfolio is most concentrated in Real Estate at 17% of assets, down from 17% a quarter earlier, followed by Technology and Financials.
- Principal Financial Group's largest Q4 2022 buy was Brookfield Asset Management: 12,455,054 shares worth $357M.
- Principal Financial Group added most to Digital Realty Trust in Q4 2022, an estimated $405M increase.
- Principal Financial Group's biggest Q4 2022 reduction was STORE Capital Corporation, cutting an estimated $364M.
- Principal Financial Group fully exited Petrobras in Q4 2022, selling an estimated $59M.
- Principal Financial Group's ten largest holdings make up 14% of its $133B portfolio in Q4 2022.
- Principal Financial Group opened 120 new positions and closed 175 in Q4 2022.
- Principal Financial Group's portfolio value rose 5.5% quarter-over-quarter to $133B.
Based on Principal Financial Group's 13F filing for Q4 2022, filed 9 Feb 2023.