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 |
Equinix
EQIX
|
+$334M |
| 2 |
Welltower
WELL
|
+$214M |
| 3 |
Brookfield
BN
|
+$175M |
| 4 |
Extra Space Storage
EXR
|
+$158M |
| 5 |
MSCI
MSCI
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BKI
Black Knight, Inc. Common Stock
BKI
|
+$373M |
| 2 |
Dollar General
DG
|
+$238M |
| 3 |
Moody's
MCO
|
+$192M |
| 4 |
CubeSmart
CUBE
|
+$184M |
| 5 |
Equity Lifestyle Properties
ELS
|
+$166M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.93% |
| 2 | Financials | 15.34% |
| 3 | Real Estate | 15.22% |
| 4 | Consumer Discretionary | 11.31% |
| 5 | Industrials | 11.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Tesla
TSLA
$1.22T
| $904M | 0.65% |
3,614,325
+60,584
| +2% | +$15.6M |
|
27
JPMorgan Chase
JPM
$933B
| $892M | 0.64% |
6,153,690
-34,210
| -0.6% | -$5.13M |
|
28
Vulcan Materials
VMC
$35.2B
| $878M | 0.63% |
4,344,220
-63,325
| -1% | -$13.8M |
|
29
Brown & Brown
BRO
$23.7B
| $840M | 0.6% |
12,031,762
+6,737
| +0.1% | +$480K |
|
30
Markel Group
MKL
$23.6B
| $838M | 0.6% |
569,353
-2,461
| -0.4% | -$3.6M |
|
31
Ventas
VTR
$44.7B
| $830M | 0.6% |
19,691,981
+331,019
| +2% | +$14.9M |
|
32
AvalonBay Communities
AVB
$26.8B
| $815M | 0.59% |
4,747,645
+6,349
| +0.1% | +$1.17M |
|
33
UnitedHealth
UNH
$383B
| $797M | 0.57% |
1,581,500
+1,483
| +0.1% | +$730K |
|
34
Costco
COST
$423B
| $794M | 0.57% |
1,405,775
+2,743
| +0.2% | +$1.51M |
|
|
35
Extra Space Storage
EXR
$31.3B
| $791M | 0.57% |
6,505,834
+1,178,760
| +22% | +$158M |
|
36
Berkshire Hathaway Class B
BRK.B
$1.1T
| $776M | 0.56% |
2,216,332
+166,373
| +8% | +$59M |
|
37
VICI Properties
VICI
$29B
| $752M | 0.54% |
25,851,479
-40,721
| -0.2% | -$1.26M |
|
38
Danaher
DHR
$138B
| $723M | 0.52% |
3,286,548
-49,891
| -1% | -$11.1M |
|
39
Microchip Technology
MCHP
$40.7B
| $717M | 0.52% |
9,191,963
-1,358
| -0% | -$114K |
|
40
Intuit
INTU
$86.3B
| $706M | 0.51% |
1,381,132
-27,802
| -2% | -$14.1M |
|
41
CarMax
KMX
$8.33B
| $699M | 0.5% |
9,887,944
-136,652
| -1% | -$11.2M |
|
42
Digital Realty Trust
DLR
$71.5B
| $694M | 0.5% |
5,731,697
-26,022
| -0.5% | -$3.2M |
|
43
Rexford Industrial Realty
REXR
$8.56B
| $670M | 0.48% |
13,579,313
+46,811
| +0.3% | +$2.48M |
|
44
Eli Lilly
LLY
$1.03T
| $670M | 0.48% |
1,247,311
+7,494
| +0.6% | +$3.86M |
|
45
Invitation Homes
INVH
$17.6B
| $658M | 0.47% |
20,776,434
+138,213
| +0.7% | +$4.75M |
|
46
Domino's
DPZ
$11.7B
| $646M | 0.46% |
1,704,241
+68,317
| +4% | +$26.3M |
|
47
Alexandria Real Estate Equities
ARE
$9.15B
| $637M | 0.46% |
6,368,647
-48,969
| -0.8% | -$5.69M |
|
|
48
Moody's
MCO
$83.5B
| $627M | 0.45% |
1,981,817
-564,047
| -22% | -$192M |
|
49
ExxonMobil
XOM
$651B
| $620M | 0.45% |
5,273,394
+273,516
| +5% | +$30M |
|
50
Merck
MRK
$321B
| $607M | 0.44% |
5,891,664
+8,122
| +0.1% | +$875K |
|
Similar funds
Principal Financial Group's Q3 2023 Portfolio in Review
As of Q3 2023, Principal Financial Group held 2,502 positions worth $139B, down 4.9% from $146B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Principal Financial Group's Q3 2023 filing shows 85 new, 937 increased, 1,382 reduced and 66 closed positions. Its largest new stake was TKO Group: 1,062,731 shares worth $89.3M. The largest sale was Black Knight, Inc. Common Stock, an estimated $373M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 18% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q3 2023 buy was TKO Group: 1,062,731 shares worth $89.3M.
- Principal Financial Group added most to Equinix in Q3 2023, an estimated $334M increase.
- Principal Financial Group's biggest Q3 2023 reduction was Dollar General, cutting an estimated $238M.
- Principal Financial Group fully exited Black Knight, Inc. Common Stock in Q3 2023, selling an estimated $373M.
- Principal Financial Group's ten largest holdings make up 17% of its $139B portfolio in Q3 2023.
- Principal Financial Group opened 85 new positions and closed 66 in Q3 2023.
- Principal Financial Group's portfolio value fell 4.9% quarter-over-quarter to $139B.
Based on Principal Financial Group's 13F filing for Q3 2023, filed 2 Nov 2023.