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 |
Digital Realty Trust
DLR
|
+$405M |
| 2 |
Brookfield Asset Management
BAM
|
+$375M |
| 3 |
Gaming and Leisure Properties
GLPI
|
+$239M |
| 4 |
Welltower
WELL
|
+$218M |
| 5 |
American Tower
AMT
|
+$170M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
STOR
STORE Capital Corporation
STOR
|
+$364M |
| 2 |
Brookfield
BN
|
+$235M |
| 3 |
Equinix
EQIX
|
+$232M |
| 4 |
Guidewire Software
GWRE
|
+$191M |
| 5 |
Liberty Broadband Class C
LBRDK
|
+$151M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 16.55% |
| 2 | Technology | 15.79% |
| 3 | Financials | 15.77% |
| 4 | Industrials | 10.84% |
| 5 | Consumer Discretionary | 10.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
851
Las Vegas Sands
LVS
$29.7B
| $19.2M | 0.01% |
398,671
-11,193
| -3% | -$475K |
|
852
National Vision
EYE
$1.85B
| $19.2M | 0.01% |
494,101
-6,464
| -1% | -$242K |
|
853
BancFirst
BANF
$3.83B
| $19.1M | 0.01% |
217,089
-9,561
| -4% | -$903K |
|
854
Novanta
NOVT
$5.45B
| $19.1M | 0.01% |
140,835
+672
| +0.5% | +$94.1K |
|
855
Coherent
COHR
$64.2B
| $19.1M | 0.01% |
542,863
+37,703
| +7% | +$1.31M |
|
856
The Mosaic Company
MOS
$7.44B
| $19.1M | 0.01% |
434,283
-100
| -0% | -$4.95K |
|
|
CADE
857
DELISTED
Cadence Bank
CADE
| $19M | 0.01% |
770,294
+40,847
| +6% | +$1.1M |
|
858
Universal Health Services
UHS
$10.4B
| $18.9M | 0.01% |
134,448
-17,515
| -12% | -$2.07M |
|
859
Innovative Industrial Properties
IIPR
$1.7B
| $18.9M | 0.01% |
186,769
+13,297
| +8% | +$1.42M |
|
860
Rayonier
RYN
$6.62B
| $18.9M | 0.01% |
632,812
+3,702
| +0.6% | +$114K |
|
|
NATI
861
DELISTED
National Instruments Corp
NATI
| $18.9M | 0.01% |
512,629
-3,177
| -0.6% | -$124K |
|
862
Align Technology
ALGN
$12.5B
| $18.9M | 0.01% |
89,629
-1,711
| -2% | -$342K |
|
863
Cboe Global Markets
CBOE
$29.7B
| $18.9M | 0.01% |
150,321
-2,036
| -1% | -$251K |
|
864
JB Hunt Transport Services
JBHT
$25.6B
| $18.8M | 0.01% |
108,045
-1,798
| -2% | -$314K |
|
865
Perrigo
PRGO
$1.84B
| $18.7M | 0.01% |
547,838
+7,225
| +1% | +$255K |
|
866
Sally Beauty Holdings
SBH
$1.51B
| $18.7M | 0.01% |
1,491,565
-5,780
| -0.4% | -$71K |
|
867
New Jersey Resources
NJR
$5.59B
| $18.6M | 0.01% |
374,920
+107
| +0% | +$4.89K |
|
868
Evergy
EVRG
$19.1B
| $18.6M | 0.01% |
295,060
-9,721
| -3% | -$584K |
|
869
Skyworks Solutions
SWKS
$10.1B
| $18.6M | 0.01% |
203,687
-8,111
| -4% | -$727K |
|
870
Universal Display
OLED
$3.95B
| $18.6M | 0.01% |
171,804
+2,192
| +1% | +$230K |
|
871
Valley National Bancorp
VLY
$8.17B
| $18.5M | 0.01% |
1,636,285
-279
| -0% | -$3.28K |
|
|
CIVI
872
DELISTED
Civitas Resources
CIVI
| $18.5M | 0.01% |
318,795
-18,778
| -6% | -$1.21M |
|
873
State Street SPDR S&P Global Natural Resources ETF
GNR
$4.85B
| $18.4M | 0.01% |
323,214
-226,003
| -41% | -$12.7M |
|
874
Jacobs Solutions
J
$17.1B
| $18.4M | 0.01% |
185,253
-9,297
| -5% | -$913K |
|
|
TGNA
875
DELISTED
TEGNA Inc
TGNA
| $18.4M | 0.01% |
868,262
+30
| +0% | +$605 |
|
Similar funds
Principal Financial Group's Q4 2022 Portfolio in Review
As of Q4 2022, Principal Financial Group held 2,612 positions worth $133B, up 5.5% from $126B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Principal Financial Group's Q4 2022 filing shows 120 new, 876 increased, 1,421 reduced and 175 closed positions. Its largest new stake was Brookfield Asset Management: 12,455,054 shares worth $357M. The largest sale was STORE Capital Corporation, an estimated $364M.
By sector, the portfolio is most concentrated in Real Estate at 17% of assets, down from 17% a quarter earlier, followed by Technology and Financials.
- Principal Financial Group's largest Q4 2022 buy was Brookfield Asset Management: 12,455,054 shares worth $357M.
- Principal Financial Group added most to Digital Realty Trust in Q4 2022, an estimated $405M increase.
- Principal Financial Group's biggest Q4 2022 reduction was STORE Capital Corporation, cutting an estimated $364M.
- Principal Financial Group fully exited Petrobras in Q4 2022, selling an estimated $59M.
- Principal Financial Group's ten largest holdings make up 14% of its $133B portfolio in Q4 2022.
- Principal Financial Group opened 120 new positions and closed 175 in Q4 2022.
- Principal Financial Group's portfolio value rose 5.5% quarter-over-quarter to $133B.
Based on Principal Financial Group's 13F filing for Q4 2022, filed 9 Feb 2023.