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 | |
|---|---|---|---|---|---|---|
|
TPH
901
DELISTED
Tri Pointe Homes
TPH
| $20.5M | 0.01% |
530,036
+2,211
| +0.4% | +$77.5K |
|
902
SolarEdge
SEDG
$1.99B
| $20.5M | 0.01% |
288,446
-489
| -0.2% | -$35.3K |
|
903
Celanese
CE
$4.93B
| $20.5M | 0.01% |
119,078
+5,026
| +4% | +$765K |
|
|
FYBR
904
DELISTED
Frontier Communications
FYBR
| $20.5M | 0.01% |
834,908
+21,358
| +3% | +$505K |
|
|
K
905
DELISTED
Kellanova
K
| $20.4M | 0.01% |
356,898
+4,344
| +1% | +$239K |
|
906
Universal Health Services
UHS
$10.4B
| $20.4M | 0.01% |
111,655
+755
| +0.7% | +$125K |
|
907
FirstCash
FCFS
$8.94B
| $20.3M | 0.01% |
159,536
+9,254
| +6% | +$1.07M |
|
908
EPAM Systems
EPAM
$4.93B
| $20.3M | 0.01% |
73,679
-574
| -0.8% | -$169K |
|
909
Otter Tail
OTTR
$3.91B
| $20.3M | 0.01% |
235,102
+4,358
| +2% | +$379K |
|
910
Louisiana-Pacific
LPX
$5.25B
| $20.3M | 0.01% |
241,648
+6,023
| +3% | +$433K |
|
911
The Bancorp
TBBK
$2.99B
| $20.2M | 0.01% |
605,017
-431,905
| -42% | -$17.2M |
|
912
Post Holdings
POST
$4.08B
| $20.2M | 0.01% |
189,704
+3,110
| +2% | +$312K |
|
913
Carpenter Technology
CRS
$28.3B
| $20.1M | 0.01% |
281,855
-95,642
| -25% | -$6.26M |
|
914
RH
RH
$3.56B
| $20.1M | 0.01% |
57,712
+851
| +1% | +$232K |
|
915
JB Hunt Transport Services
JBHT
$25.4B
| $20.1M | 0.01% |
100,773
+1,123
| +1% | +$227K |
|
916
Best Buy
BBY
$17.1B
| $20.1M | 0.01% |
244,702
+209
| +0.1% | +$15.9K |
|
917
Principal Financial Group
PFG
$24.6B
| $20.1M | 0.01% |
232,379
-1,076
| -0.5% | -$86.4K |
|
918
Ryder
R
$10.2B
| $20M | 0.01% |
166,812
+4,115
| +3% | +$469K |
|
919
DXC Technology
DXC
$1.75B
| $20M | 0.01% |
945,022
-52,747
| -5% | -$1.15M |
|
920
Polaris
PII
$4.03B
| $20M | 0.01% |
200,017
+4,752
| +2% | +$436K |
|
921
Qfin Holdings
QFIN
$1.58B
| $20M | 0.01% |
+1,084,914
| New | +$17M |
|
922
Citizens Financial Group
CFG
$30.7B
| $20M | 0.01% |
550,753
-11,315
| -2% | -$371K |
|
923
ACI Worldwide
ACIW
$5.6B
| $20M | 0.01% |
601,743
+111
| +0% | +$3.43K |
|
924
Southwest Airlines
LUV
$23.1B
| $19.9M | 0.01% |
682,512
+10,562
| +2% | +$327K |
|
925
Capri Holdings
CPRI
$1.76B
| $19.9M | 0.01% |
438,654
+12,084
| +3% | +$576K |
|
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.