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 |
Ventas
VTR
|
+$616M |
| 2 |
Etsy
ETSY
|
+$373M |
| 3 |
MPT
Medical Properties Trust
MPT
|
+$332M |
| 4 |
Moderna
MRNA
|
+$148M |
| 5 |
HR
Healthcare Realty Trust Incorporated
HR
|
+$140M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Welltower
WELL
|
+$725M |
| 2 |
Restaurant Brands International
QSR
|
+$269M |
| 3 |
Fidelity National Financial
FNF
|
+$181M |
| 4 |
Prologis
PLD
|
+$162M |
| 5 |
Credit Acceptance
CACC
|
+$162M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.12% |
| 2 | Real Estate | 16.4% |
| 3 | Financials | 14.67% |
| 4 | Consumer Discretionary | 12.1% |
| 5 | Healthcare | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
Meritage Homes
MTH
$4.86B
| $33M | 0.02% |
679,638
-63,530
| -9% | -$3.27M |
|
602
First Merchants
FRME
$2.73B
| $32.9M | 0.02% |
787,310
+9,447
| +1% | +$384K |
|
603
First Horizon
FHN
$12.4B
| $32.9M | 0.02% |
2,016,604
-1,675,220
| -45% | -$26.7M |
|
604
Louisiana-Pacific
LPX
$5.37B
| $32.7M | 0.02% |
533,504
-15,356
| -3% | -$905K |
|
605
Hamilton Lane
HLNE
$5.61B
| $32.7M | 0.02% |
385,354
+73,518
| +24% | +$6.58M |
|
606
Bankunited
BKU
$3.46B
| $32.6M | 0.02% |
780,631
-15,677
| -2% | -$642K |
|
607
Lifestance Health
LFST
$3.92B
| $32.6M | 0.02% |
2,249,761
+39,594
| +2% | +$762K |
|
608
Morningstar
MORN
$7.51B
| $32.6M | 0.02% |
125,805
+17,751
| +16% | +$4.66M |
|
609
Lear
LEA
$6.21B
| $32.6M | 0.02% |
208,034
+15,748
| +8% | +$2.58M |
|
610
Acuity Brands
AYI
$10.4B
| $32.5M | 0.02% |
187,709
-4,786
| -2% | -$839K |
|
611
HUB Group
HUBG
$2.92B
| $32.5M | 0.02% |
945,226
-20,250
| -2% | -$681K |
|
612
Community Health Systems
CYH
$417M
| $32.5M | 0.02% |
2,776,855
+102,339
| +4% | +$1.33M |
|
|
PPBI
613
DELISTED
Pacific Premier Bancorp
PPBI
| $32.4M | 0.02% |
782,671
-11,873
| -1% | -$465K |
|
614
Core & Main
CNM
$8.67B
| $32.4M | 0.02% |
+1,236,704
| New | +$32.9M |
|
615
World Kinect Corp
WKC
$2B
| $32.4M | 0.02% |
963,540
+231,309
| +32% | +$7.41M |
|
616
Valvoline
VVV
$5.01B
| $32.4M | 0.02% |
1,037,972
-2,386
| -0.2% | -$74K |
|
617
Dollar Tree
DLTR
$25.1B
| $32.4M | 0.02% |
338,089
+5,455
| +2% | +$525K |
|
618
Wolfspeed
WOLF
$1.41B
| $32.2M | 0.02% |
399,171
-296,039
| -43% | -$26.3M |
|
619
Keurig Dr Pepper
KDP
$42.3B
| $32.1M | 0.02% |
940,870
+119,046
| +14% | +$4.16M |
|
620
Consolidated Edison
ED
$40B
| $32.1M | 0.02% |
441,742
+16,357
| +4% | +$1.22M |
|
|
PARA
621
DELISTED
Paramount Global Class B
PARA
| $32M | 0.02% |
810,319
-7,201
| -0.9% | -$293K |
|
622
Alliant Energy
LNT
$18.3B
| $31.9M | 0.02% |
570,195
-1,790
| -0.3% | -$106K |
|
623
Neurocrine Biosciences
NBIX
$16.9B
| $31.8M | 0.02% |
331,772
-1,967
| -0.6% | -$186K |
|
624
Owens Corning
OC
$11.7B
| $31.8M | 0.02% |
371,896
-16,193
| -4% | -$1.52M |
|
|
UMPQ
625
DELISTED
Umpqua Holdings Corp
UMPQ
| $31.8M | 0.02% |
1,569,774
+802,174
| +105% | +$15.4M |
|
Similar funds
Principal Financial Group's Q3 2021 Portfolio in Review
As of Q3 2021, Principal Financial Group held 2,664 positions worth $153B, down 0.92% from $155B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Principal Financial Group's Q3 2021 filing shows 68 new, 1,034 increased, 1,458 reduced and 90 closed positions. Its largest new stake was Core & Main: 1,236,704 shares worth $32.4M. The largest sale was Welltower, an estimated $725M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 19% a quarter earlier, followed by Real Estate and Financials.
- Principal Financial Group's largest Q3 2021 buy was Core & Main: 1,236,704 shares worth $32.4M.
- Principal Financial Group added most to Ventas in Q3 2021, an estimated $616M increase.
- Principal Financial Group's biggest Q3 2021 reduction was Welltower, cutting an estimated $725M.
- Principal Financial Group fully exited Alexion Pharmaceuticals in Q3 2021, selling an estimated $52.5M.
- Principal Financial Group's ten largest holdings make up 14% of its $153B portfolio in Q3 2021.
- Principal Financial Group opened 68 new positions and closed 90 in Q3 2021.
- Principal Financial Group's portfolio value fell 0.92% quarter-over-quarter to $153B.
Based on Principal Financial Group's 13F filing for Q3 2021, filed 9 Nov 2021.