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 |
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
|
+$420M |
| 2 |
Meta Platforms (Facebook)
META
|
+$299M |
| 3 |
LPL Financial
LPLA
|
+$196M |
| 4 |
Vulcan Materials
VMC
|
+$181M |
| 5 |
Healthpeak Properties
DOC
|
+$178M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$811M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$586M |
| 3 |
Progressive
PGR
|
+$395M |
| 4 |
Netflix
NFLX
|
+$355M |
| 5 |
CarMax
KMX
|
+$270M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.35% |
| 2 | Financials | 16.54% |
| 3 | Real Estate | 12.06% |
| 4 | Consumer Discretionary | 11.39% |
| 5 | Industrials | 10.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
General Motors
GM
$76.8B
| $50.9M | 0.03% |
1,035,126
-73,520
| -7% | -$3.48M |
|
|
AL
452
DELISTED
Air Lease Corp
AL
| $50.9M | 0.03% |
870,210
-1,879
| -0.2% | -$97.8K |
|
|
MRP
453
Millrose Properties Inc
MRP
$4.81B
| $50.9M | 0.03% |
1,783,588
-10,965
| -0.6% | -$290K |
|
454
MetLife
MET
$62.1B
| $50.6M | 0.03% |
629,149
-48,447
| -7% | -$3.74M |
|
455
Yum! Brands
YUM
$41.1B
| $50.5M | 0.03% |
340,777
-12,326
| -3% | -$1.8M |
|
456
Magnolia Oil & Gas
MGY
$5.94B
| $50.4M | 0.03% |
2,239,899
-188,053
| -8% | -$4.16M |
|
457
Cognizant
CTSH
$26B
| $50.3M | 0.03% |
644,293
-32,288
| -5% | -$2.47M |
|
458
Keurig Dr Pepper
KDP
$40.8B
| $50.3M | 0.03% |
1,520,595
+97,545
| +7% | +$3.3M |
|
459
HF Sinclair
DINO
$14.5B
| $49.8M | 0.03% |
1,212,967
-76,543
| -6% | -$2.64M |
|
|
SPYM
460
State Street SPDR Portfolio S&P 500 ETF
SPYM
$169B
| $49.1M | 0.03% |
675,230
+205,254
| +44% | +$13.8M |
|
461
Amkor Technology
AMKR
$13.7B
| $48.9M | 0.03% |
2,330,680
+341,173
| +17% | +$6.3M |
|
462
Cardinal Health
CAH
$55.4B
| $48.8M | 0.03% |
290,509
-25,308
| -8% | -$3.76M |
|
463
Canadian Pacific Kansas City
CP
$80.5B
| $48.5M | 0.03% |
611,344
-41,600
| -6% | -$3.2M |
|
464
Webster Financial
WBS
$12.8B
| $48.5M | 0.03% |
887,519
-58,435
| -6% | -$2.91M |
|
465
LCI Industries
LCII
$2.65B
| $48.3M | 0.03% |
530,090
-52,776
| -9% | -$4.5M |
|
466
Cameco
CCJ
$42.4B
| $48.3M | 0.03% |
651,053
+262,199
| +67% | +$14M |
|
467
Valero Energy
VLO
$85.9B
| $48.3M | 0.03% |
359,452
-13,600
| -4% | -$1.69M |
|
468
XPO
XPO
$23.7B
| $48.3M | 0.03% |
382,391
-65,502
| -15% | -$7.35M |
|
469
Invesco QQQ Trust
QQQ
$481B
| $48.2M | 0.03% |
87,384
+41,265
| +89% | +$20.5M |
|
470
Four Corners Property Trust
FCPT
$2.75B
| $47.4M | 0.03% |
1,762,788
-80,839
| -4% | -$2.23M |
|
|
SWTX
471
DELISTED
SpringWorks Therapeutics
SWTX
| $47.1M | 0.02% |
1,003,400
-60,709
| -6% | -$2.7M |
|
|
COOP
472
DELISTED
Mr. Cooper
COOP
| $47.1M | 0.02% |
315,497
-56,054
| -15% | -$7.19M |
|
473
Global X US Infrastructure Development ETF
PAVE
$14.4B
| $46.8M | 0.02% |
1,073,400
-2,667,200
| -71% | -$107M |
|
474
Boston Properties
BXP
$11.1B
| $46.7M | 0.02% |
692,534
-65,388
| -9% | -$4.36M |
|
475
Ford
F
$55.7B
| $46.6M | 0.02% |
4,292,958
-18,543
| -0.4% | -$189K |
|
Similar funds
Principal Financial Group's Q2 2025 Portfolio in Review
As of Q2 2025, Principal Financial Group held 2,339 positions worth $189B, up 6.2% from $178B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Principal Financial Group's Q2 2025 filing shows 168 new, 694 increased, 1,347 reduced and 115 closed positions. Its largest new stake was State Street SPDR Portfolio High Yield Bond ETF: 2,146,080 shares worth $51.1M. The largest sale was iShares Core S&P 500 ETF, an estimated $811M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 18% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q2 2025 buy was State Street SPDR Portfolio High Yield Bond ETF: 2,146,080 shares worth $51.1M.
- Principal Financial Group added most to Principal Exchange-Traded Funds Principal US Mega-Cap ETF in Q2 2025, an estimated $420M increase.
- Principal Financial Group's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $811M.
- Principal Financial Group fully exited Discover Financial Services in Q2 2025, selling an estimated $53.1M.
- Principal Financial Group's ten largest holdings make up 21% of its $189B portfolio in Q2 2025.
- Principal Financial Group opened 168 new positions and closed 115 in Q2 2025.
- Principal Financial Group's portfolio value rose 6.2% quarter-over-quarter to $189B.
Based on Principal Financial Group's 13F filing for Q2 2025, filed 8 Aug 2025.