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 |
Brookfield
BN
|
+$176M |
| 2 |
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
|
+$156M |
| 3 |
HEICO Corp Class A
HEI.A
|
+$138M |
| 4 |
Ventas
VTR
|
+$108M |
| 5 |
Cemex
CX
|
+$99.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$263M |
| 2 |
TransDigm Group
TDG
|
+$180M |
| 3 |
Verizon
VZ
|
+$174M |
| 4 |
Moody's
MCO
|
+$153M |
| 5 |
Digital Realty Trust
DLR
|
+$140M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.26% |
| 2 | Real Estate | 15.51% |
| 3 | Financials | 14.64% |
| 4 | Industrials | 11.51% |
| 5 | Consumer Discretionary | 11.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Ventas
VTR
$47.7B
| $915M | 0.63% |
19,360,962
+2,393,146
| +14% | +$108M |
|
27
JPMorgan Chase
JPM
$950B
| $900M | 0.62% |
6,187,900
-107,678
| -2% | -$14.8M |
|
28
AvalonBay Communities
AVB
$27.2B
| $897M | 0.61% |
4,741,296
-120,655
| -2% | -$21.5M |
|
|
29
Moody's
MCO
$83.9B
| $885M | 0.61% |
2,545,864
-481,259
| -16% | -$153M |
|
30
CarMax
KMX
$8.36B
| $839M | 0.57% |
10,024,596
-253,413
| -2% | -$18.6M |
|
31
Welltower
WELL
$172B
| $835M | 0.57% |
10,328,676
-32,493
| -0.3% | -$2.5M |
|
32
Brown & Brown
BRO
$25B
| $828M | 0.57% |
12,025,025
+274,289
| +2% | +$17.4M |
|
33
Microchip Technology
MCHP
$41.1B
| $824M | 0.56% |
9,193,321
-374,059
| -4% | -$29.5M |
|
34
VICI Properties
VICI
$29.8B
| $814M | 0.56% |
25,892,200
-87,633
| -0.3% | -$2.81M |
|
35
Extra Space Storage
EXR
$32.2B
| $793M | 0.54% |
5,327,074
+166,625
| +3% | +$25.1M |
|
36
Markel Group
MKL
$25.5B
| $791M | 0.54% |
571,814
-13,631
| -2% | -$18.3M |
|
37
UnitedHealth
UNH
$389B
| $759M | 0.52% |
1,580,017
-17,411
| -1% | -$8.51M |
|
38
Equinix
EQIX
$102B
| $758M | 0.52% |
966,983
-4,900
| -0.5% | -$3.59M |
|
39
Costco
COST
$429B
| $755M | 0.52% |
1,403,032
+18,713
| +1% | +$9.47M |
|
40
Alexandria Real Estate Equities
ARE
$9.41B
| $728M | 0.5% |
6,417,616
+433,107
| +7% | +$51.6M |
|
41
Invitation Homes
INVH
$17.9B
| $710M | 0.49% |
20,638,221
-151,005
| -0.7% | -$5.05M |
|
42
Danaher
DHR
$140B
| $710M | 0.49% |
3,336,439
-78,716
| -2% | -$16.7M |
|
43
Rexford Industrial Realty
REXR
$8.64B
| $707M | 0.48% |
13,532,502
+187,728
| +1% | +$10.2M |
|
44
Berkshire Hathaway Class B
BRK.B
$1.11T
| $699M | 0.48% |
2,049,959
-74,383
| -4% | -$24.3M |
|
45
Merck
MRK
$326B
| $679M | 0.46% |
5,883,542
-622,878
| -10% | -$70.7M |
|
46
Netflix
NFLX
$301B
| $662M | 0.45% |
15,033,280
-756,240
| -5% | -$27.9M |
|
47
Essex Property Trust
ESS
$18.9B
| $656M | 0.45% |
2,798,702
-99,819
| -3% | -$21.8M |
|
|
48
Digital Realty Trust
DLR
$71.5B
| $656M | 0.45% |
5,757,719
-1,412,785
| -20% | -$140M |
|
49
Intuit
INTU
$85.6B
| $646M | 0.44% |
1,408,934
-96,817
| -6% | -$42.4M |
|
50
Live Nation Entertainment
LYV
$42.1B
| $645M | 0.44% |
7,075,418
-120,233
| -2% | -$9.39M |
|
Similar funds
Principal Financial Group's Q2 2023 Portfolio in Review
As of Q2 2023, Principal Financial Group held 2,561 positions worth $146B, up 4.6% from $140B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Principal Financial Group's Q2 2023 filing shows 98 new, 623 increased, 1,664 reduced and 142 closed positions. Its largest new stake was Crane Co: 418,475 shares worth $37.3M. The largest sale was Microsoft, an estimated $263M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Real Estate and Financials.
- Principal Financial Group's largest Q2 2023 buy was Crane Co: 418,475 shares worth $37.3M.
- Principal Financial Group added most to Brookfield in Q2 2023, an estimated $176M increase.
- Principal Financial Group's biggest Q2 2023 reduction was Microsoft, cutting an estimated $263M.
- Principal Financial Group fully exited iShares Broad USD Investment Grade Corporate Bond ETF in Q2 2023, selling an estimated $92.6M.
- Principal Financial Group's ten largest holdings make up 17% of its $146B portfolio in Q2 2023.
- Principal Financial Group opened 98 new positions and closed 142 in Q2 2023.
- Principal Financial Group's portfolio value rose 4.6% quarter-over-quarter to $146B.
Based on Principal Financial Group's 13F filing for Q2 2023, filed 7 Aug 2023.