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 |
iShares Core S&P 500 ETF
IVV
|
+$154M |
| 2 |
Gaming and Leisure Properties
GLPI
|
+$122M |
| 3 |
Boston Properties
BXP
|
+$112M |
| 4 |
iShares MBS ETF
MBB
|
+$90.3M |
| 5 |
Brookfield
BN
|
+$75.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FRC
First Republic Bank
FRC
|
+$273M |
| 2 |
TransDigm Group
TDG
|
+$208M |
| 3 |
Toronto Dominion Bank
TD
|
+$153M |
| 4 |
MPT
Medical Properties Trust
MPT
|
+$135M |
| 5 |
Credit Acceptance
CACC
|
+$123M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.56% |
| 2 | Real Estate | 15.87% |
| 3 | Financials | 14.95% |
| 4 | Consumer Discretionary | 11.17% |
| 5 | Industrials | 11.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
726
Aaon
AAON
$7.58B
| $24.6M | 0.02% |
380,898
-7,988
| -2% | -$439K |
|
727
MDU Resources
MDU
$4.18B
| $24.5M | 0.02% |
2,116,000
+19,159
| +0.9% | +$223K |
|
728
Clorox
CLX
$13B
| $24.5M | 0.02% |
154,630
-1,266
| -0.8% | -$190K |
|
729
Lantheus
LNTH
$6.65B
| $24.4M | 0.02% |
295,870
+1,848
| +0.6% | +$119K |
|
730
Atmos Energy
ATO
$28.8B
| $24.4M | 0.02% |
217,100
+11,399
| +6% | +$1.3M |
|
|
FLG
731
Flagstar Bank National Association
FLG
$5.97B
| $24.4M | 0.02% |
898,272
+9,248
| +1% | +$250K |
|
732
Cardinal Health
CAH
$56.7B
| $24.3M | 0.02% |
322,056
-3,782
| -1% | -$285K |
|
733
First Advantage
FA
$3.81B
| $24M | 0.02% |
1,719,949
-8,732
| -0.5% | -$118K |
|
734
Mobileye
MBLY
$2.11B
| $24M | 0.02% |
554,456
+30,621
| +6% | +$1.2M |
|
|
AMED
735
DELISTED
Amedisys
AMED
| $24M | 0.02% |
326,134
+1,761
| +0.5% | +$152K |
|
736
Cirrus Logic
CRUS
$6.27B
| $23.9M | 0.02% |
218,691
+2,697
| +1% | +$263K |
|
737
Polaris
PII
$4.16B
| $23.9M | 0.02% |
215,970
+878
| +0.4% | +$97.3K |
|
738
Vanguard Real Estate ETF
VNQ
$39.3B
| $23.8M | 0.02% |
287,133
+79,293
| +38% | +$6.81M |
|
739
Valvoline
VVV
$4.59B
| $23.8M | 0.02% |
681,647
-18,324
| -3% | -$637K |
|
740
SEI Investments
SEIC
$12.7B
| $23.8M | 0.02% |
413,189
+1,718
| +0.4% | +$103K |
|
741
Wyndham Hotels & Resorts
WH
$5.68B
| $23.7M | 0.02% |
349,849
+1,427
| +0.4% | +$105K |
|
742
CenterPoint Energy
CNP
$26.9B
| $23.7M | 0.02% |
804,008
+23,099
| +3% | +$675K |
|
743
Southwest Airlines
LUV
$23.6B
| $23.7M | 0.02% |
727,710
+14,869
| +2% | +$506K |
|
744
Airbnb
ABNB
$91.1B
| $23.6M | 0.02% |
189,987
+161,205
| +560% | +$18.4M |
|
745
GXO Logistics
GXO
$5.39B
| $23.6M | 0.02% |
468,378
+3,974
| +0.9% | +$198K |
|
746
Baxter International
BAX
$14.1B
| $23.6M | 0.02% |
581,476
+8,724
| +2% | +$370K |
|
747
Sonoco
SON
$5.77B
| $23.5M | 0.02% |
385,917
+3,490
| +0.9% | +$207K |
|
748
Liberty Broadband Class C
LBRDK
$5.17B
| $23.5M | 0.02% |
287,858
-71,604
| -20% | -$6.18M |
|
749
Broadridge
BR
$18.6B
| $23.5M | 0.02% |
160,443
+403
| +0.3% | +$57.7K |
|
|
NVRO
750
DELISTED
NEVRO CORP.
NVRO
| $23.5M | 0.02% |
649,956
-114,561
| -15% | -$4.02M |
|
Similar funds
Principal Financial Group's Q1 2023 Portfolio in Review
As of Q1 2023, Principal Financial Group held 2,542 positions worth $140B, up 5.3% from $133B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Principal Financial Group's Q1 2023 filing shows 105 new, 1,088 increased, 1,245 reduced and 79 closed positions. Its largest new stake was National Health Investors: 1,082,334 shares worth $55.8M. The largest sale was First Republic Bank, an estimated $273M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 16% a quarter earlier, followed by Real Estate and Financials.
- Principal Financial Group's largest Q1 2023 buy was National Health Investors: 1,082,334 shares worth $55.8M.
- Principal Financial Group added most to iShares Core S&P 500 ETF in Q1 2023, an estimated $154M increase.
- Principal Financial Group's biggest Q1 2023 reduction was First Republic Bank, cutting an estimated $273M.
- Principal Financial Group fully exited STORE Capital Corporation in Q1 2023, selling an estimated $62.5M.
- Principal Financial Group's ten largest holdings make up 15% of its $140B portfolio in Q1 2023.
- Principal Financial Group opened 105 new positions and closed 79 in Q1 2023.
- Principal Financial Group's portfolio value rose 5.3% quarter-over-quarter to $140B.
Based on Principal Financial Group's 13F filing for Q1 2023, filed 9 May 2023.