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 Core S&P 500 ETF
IVV
|
+$746M |
| 2 |
Healthpeak Properties
DOC
|
+$375M |
| 3 |
Arthur J. Gallagher & Co
AJG
|
+$325M |
| 4 |
Equity Lifestyle Properties
ELS
|
+$266M |
| 5 |
TransDigm Group
TDG
|
+$244M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Adobe
ADBE
|
+$566M |
| 2 |
SBA Communications
SBAC
|
+$491M |
| 3 |
Brookfield
BN
|
+$385M |
| 4 |
Alexandria Real Estate Equities
ARE
|
+$327M |
| 5 |
Sun Communities
SUI
|
+$299M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.17% |
| 2 | Financials | 16.62% |
| 3 | Real Estate | 12.83% |
| 4 | Consumer Discretionary | 11.84% |
| 5 | Industrials | 10.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Illumina
ILMN
$30B
| $64M | 0.03% |
479,219
-7,823
| -2% | -$1.11M |
|
402
XPO
XPO
$23.1B
| $64M | 0.03% |
487,646
+6,977
| +1% | +$943K |
|
403
CVS Health
CVS
$134B
| $63.9M | 0.03% |
1,423,422
-11,054
| -0.8% | -$620K |
|
404
Interactive Brokers
IBKR
$39.1B
| $63.9M | 0.03% |
1,446,524
-18,292
| -1% | -$770K |
|
405
Quanta Services
PWR
$102B
| $63.7M | 0.03% |
201,679
-6,041
| -3% | -$1.94M |
|
406
Aflac
AFL
$64.5B
| $63.7M | 0.03% |
615,489
-28,197
| -4% | -$3.07M |
|
407
Freeport-McMoran
FCX
$91.5B
| $63.5M | 0.03% |
1,668,244
-16,149
| -1% | -$722K |
|
408
Allstate
ALL
$67.6B
| $63.1M | 0.03% |
327,320
+13,566
| +4% | +$2.63M |
|
409
Kinder Morgan
KMI
$69.9B
| $61.9M | 0.03% |
2,259,503
-32,201
| -1% | -$839K |
|
410
W.W. Grainger
GWW
$64.7B
| $61.6M | 0.03% |
58,399
-562
| -1% | -$633K |
|
411
Life Time Group Holdings
LTH
$9.87B
| $61.5M | 0.03% |
2,782,317
-864,055
| -24% | -$20.7M |
|
412
Littelfuse
LFUS
$11.3B
| $61.3M | 0.03% |
260,137
-8,361
| -3% | -$2.09M |
|
413
Rockwell Automation
ROK
$53.5B
| $61M | 0.03% |
213,499
+8,820
| +4% | +$2.48M |
|
414
MYR Group
MYRG
$5.26B
| $60.7M | 0.03% |
408,246
-23,256
| -5% | -$3.25M |
|
415
Privia Health
PRVA
$3B
| $60.2M | 0.03% |
3,077,948
-174,389
| -5% | -$3.46M |
|
416
Idacorp
IDA
$8.32B
| $59.5M | 0.03% |
544,552
+67,568
| +14% | +$7.43M |
|
417
Norfolk Southern
NSC
$75.6B
| $59.4M | 0.03% |
253,289
-1,911
| -0.7% | -$486K |
|
418
Phillips 66
PSX
$82.7B
| $59M | 0.03% |
517,892
-12,915
| -2% | -$1.64M |
|
419
COPT Defense Properties
CDP
$4.26B
| $59M | 0.03% |
1,906,341
+723,486
| +61% | +$23M |
|
420
Paychex
PAYX
$41.9B
| $58.9M | 0.03% |
420,119
-4,041
| -1% | -$574K |
|
421
Edwards Lifesciences
EW
$51.1B
| $58.8M | 0.03% |
793,925
-23,591
| -3% | -$1.65M |
|
422
Nordson
NDSN
$16.9B
| $58.7M | 0.03% |
280,370
-15,592
| -5% | -$3.85M |
|
423
EastGroup Properties
EGP
$11.2B
| $58.6M | 0.03% |
365,093
-703
| -0.2% | -$121K |
|
424
Essent Group
ESNT
$6.15B
| $58.1M | 0.03% |
1,066,604
-81,899
| -7% | -$4.75M |
|
425
NXP Semiconductors
NXPI
$56.5B
| $57.8M | 0.03% |
278,285
-25,610
| -8% | -$5.83M |
|
Similar funds
Principal Financial Group's Q4 2024 Portfolio in Review
As of Q4 2024, Principal Financial Group held 2,270 positions worth $183B, up 0.13% from $183B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Trading was light in Q4 2024: portfolio turnover was 4.8%. Principal Financial Group opened 48 new positions and exited 62, leaving the 2,270-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q4 2024 buy was SPDR Gold MiniShares Trust: 1,757,205 shares worth $91.4M.
- Principal Financial Group added most to iShares Core S&P 500 ETF in Q4 2024, an estimated $746M increase.
- Principal Financial Group's biggest Q4 2024 reduction was Adobe, cutting an estimated $566M.
- Principal Financial Group fully exited Portillo's in Q4 2024, selling an estimated $24.1M.
- Principal Financial Group's ten largest holdings make up 20% of its $183B portfolio in Q4 2024.
- Principal Financial Group opened 48 new positions and closed 62 in Q4 2024.
- Principal Financial Group's portfolio value rose 0.13% quarter-over-quarter to $183B.
Based on Principal Financial Group's 13F filing for Q4 2024, filed 31 Jan 2025.