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 |
American Tower
AMT
|
+$465M |
| 2 |
SBA Communications
SBAC
|
+$339M |
| 3 |
CCC
CCC Intelligent Solutions
CCC
|
+$209M |
| 4 |
Equinix
EQIX
|
+$180M |
| 5 |
NNN REIT
NNN
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Industrial Realty Trust
FR
|
+$217M |
| 2 |
Digital Realty Trust
DLR
|
+$209M |
| 3 |
TransDigm Group
TDG
|
+$189M |
| 4 |
Public Storage
PSA
|
+$172M |
| 5 |
Realty Income
O
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.82% |
| 2 | Financials | 15.58% |
| 3 | Real Estate | 14.17% |
| 4 | Consumer Discretionary | 11.56% |
| 5 | Industrials | 11.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
Huron Consulting
HURN
$2.38B
| $36M | 0.02% |
372,253
-18,434
| -5% | -$1.87M |
|
602
Biogen
BIIB
$30.5B
| $35.9M | 0.02% |
166,602
+2,069
| +1% | +$485K |
|
603
AptarGroup
ATR
$8.69B
| $35.8M | 0.02% |
248,568
+7,091
| +3% | +$961K |
|
604
Medpace
MEDP
$16.4B
| $35.6M | 0.02% |
88,189
-12,732
| -13% | -$4.48M |
|
605
Crown Holdings
CCK
$13.3B
| $35.6M | 0.02% |
449,670
+7,651
| +2% | +$626K |
|
606
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $35.6M | 0.02% |
441,613
+20,834
| +5% | +$1.67M |
|
607
JFrog
FROG
$10.2B
| $35.5M | 0.02% |
+803,254
| New | +$31.1M |
|
608
Eagle Materials
EXP
$6.7B
| $35.4M | 0.02% |
130,091
+1,086
| +0.8% | +$257K |
|
609
Delta Air Lines
DAL
$61.3B
| $35.3M | 0.02% |
737,330
+6,368
| +0.9% | +$263K |
|
610
Coherent
COHR
$64.2B
| $35.2M | 0.02% |
581,420
-108,747
| -16% | -$5.96M |
|
611
DigitalOcean
DOCN
$14.6B
| $35.2M | 0.02% |
921,619
+60,600
| +7% | +$2.25M |
|
612
Fortive
FTV
$18.5B
| $35.2M | 0.02% |
542,405
+13,455
| +3% | +$817K |
|
613
Woodward
WWD
$22B
| $35M | 0.02% |
227,063
+5,275
| +2% | +$743K |
|
|
LNW
614
DELISTED
Light & Wonder
LNW
| $35M | 0.02% |
342,710
+6,695
| +2% | +$605K |
|
615
Weatherford International
WFRD
$6.27B
| $34.8M | 0.02% |
301,651
+14,696
| +5% | +$1.49M |
|
616
Credo Technology Group
CRDO
$41.9B
| $34.6M | 0.02% |
1,631,832
+53,432
| +3% | +$1.12M |
|
617
Willis Towers Watson
WTW
$31.4B
| $34.6M | 0.02% |
125,693
+2,908
| +2% | +$765K |
|
|
X
618
DELISTED
US Steel
X
| $34.4M | 0.02% |
842,429
+23,609
| +3% | +$1.08M |
|
619
American Financial Group
AFG
$12.2B
| $34.3M | 0.02% |
251,349
+5,863
| +2% | +$730K |
|
620
Gulfport Energy Corp
GPOR
$2.81B
| $34.1M | 0.02% |
212,963
+34,313
| +19% | +$4.7M |
|
621
iShares Russell 1000 Growth ETF
IWF
$127B
| $34M | 0.02% |
403,916
-103,044
| -20% | -$8.3M |
|
622
ATI
ATI
$28B
| $34M | 0.02% |
665,069
+1,315
| +0.2% | +$59.5K |
|
623
Castle Biosciences
CSTL
$929M
| $33.9M | 0.02% |
1,532,472
-53,201
| -3% | -$1.16M |
|
624
Cardinal Health
CAH
$56B
| $33.8M | 0.02% |
302,449
+2,403
| +0.8% | +$259K |
|
625
Mueller Industries
MLI
$15.3B
| $33.8M | 0.02% |
1,253,946
-2,176
| -0.2% | -$53.8K |
|
Similar funds
Principal Financial Group's Q1 2024 Portfolio in Review
As of Q1 2024, Principal Financial Group held 2,542 positions worth $170B, up 8.5% from $157B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Principal Financial Group's Q1 2024 filing shows 124 new, 1,250 increased, 1,019 reduced and 115 closed positions. Its largest new stake was Global X US Infrastructure Development ETF: 2,590,000 shares worth $103M. The largest sale was First Industrial Realty Trust, an estimated $217M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q1 2024 buy was Global X US Infrastructure Development ETF: 2,590,000 shares worth $103M.
- Principal Financial Group added most to American Tower in Q1 2024, an estimated $465M increase.
- Principal Financial Group's biggest Q1 2024 reduction was First Industrial Realty Trust, cutting an estimated $217M.
- Principal Financial Group fully exited Livent Corporation in Q1 2024, selling an estimated $45.7M.
- Principal Financial Group's ten largest holdings make up 18% of its $170B portfolio in Q1 2024.
- Principal Financial Group opened 124 new positions and closed 115 in Q1 2024.
- Principal Financial Group's portfolio value rose 8.5% quarter-over-quarter to $170B.
Based on Principal Financial Group's 13F filing for Q1 2024, filed 29 Apr 2024.