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
|
+$746M |
| 2 |
Healthpeak Properties
DOC
|
+$375M |
| 3 |
Arthur J. Gallagher & Co
AJG
|
+$325M |
| 4 |
Equity Lifestyle Properties
ELS
|
+$266M |
| 5 |
TransDigm Group
TDG
|
+$244M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Adobe
ADBE
|
+$566M |
| 2 |
SBA Communications
SBAC
|
+$491M |
| 3 |
Brookfield
BN
|
+$385M |
| 4 |
Alexandria Real Estate Equities
ARE
|
+$327M |
| 5 |
Sun Communities
SUI
|
+$299M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.17% |
| 2 | Financials | 16.62% |
| 3 | Real Estate | 12.83% |
| 4 | Consumer Discretionary | 11.84% |
| 5 | Industrials | 10.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NVMI
926
Nova
NVMI
$12.8B
| $17.7M | 0.01% |
90,114
-28,083
| -24% | -$5.4M |
|
|
LNW
927
DELISTED
Light & Wonder
LNW
| $17.7M | 0.01% |
205,449
-2,055
| -1% | -$193K |
|
928
iShares Core S&P Mid-Cap ETF
IJH
$125B
| $17.7M | 0.01% |
284,653
-12,499
| -4% | -$802K |
|
929
Bio-Techne
TECH
$11.2B
| $17.7M | 0.01% |
245,952
-15,948
| -6% | -$1.17M |
|
930
KBR
KBR
$4.58B
| $17.7M | 0.01% |
305,778
-2,478
| -0.8% | -$158K |
|
|
FYBR
931
DELISTED
Frontier Communications
FYBR
| $17.7M | 0.01% |
509,410
-4,228
| -0.8% | -$148K |
|
932
Amcor
AMCR
$22.1B
| $17.7M | 0.01% |
375,163
-18,760
| -5% | -$980K |
|
|
TPH
933
DELISTED
Tri Pointe Homes
TPH
| $17.6M | 0.01% |
486,100
+16,380
| +3% | +$683K |
|
934
Principal Financial Group
PFG
$24.6B
| $17.6M | 0.01% |
227,090
-4,187
| -2% | -$353K |
|
935
Enpro
NPO
$6.94B
| $17.6M | 0.01% |
101,873
+2,949
| +3% | +$499K |
|
|
X
936
DELISTED
US Steel
X
| $17.6M | 0.01% |
516,357
-1,721
| -0.3% | -$63.5K |
|
937
DXC Technology
DXC
$1.78B
| $17.5M | 0.01% |
877,399
+25,573
| +3% | +$539K |
|
938
Axsome Therapeutics
AXSM
$11B
| $17.5M | 0.01% |
207,065
+203,672
| +6,003% | +$18.7M |
|
939
Commerce Bancshares
CBSH
$8.58B
| $17.5M | 0.01% |
295,092
-4,433
| -1% | -$267K |
|
940
ABM Industries
ABM
$2.87B
| $17.5M | 0.01% |
341,616
+13,985
| +4% | +$761K |
|
941
Rambus
RMBS
$10.6B
| $17.5M | 0.01% |
330,134
+4,725
| +1% | +$241K |
|
942
SouthState Bank Corp
SSB
$10.6B
| $17.4M | 0.01% |
175,175
-1,676
| -0.9% | -$173K |
|
943
Twist Bioscience
TWST
$7.16B
| $17.4M | 0.01% |
374,551
+168,687
| +82% | +$7.62M |
|
944
Flowserve
FLS
$10.1B
| $17.3M | 0.01% |
301,172
-2,931
| -1% | -$168K |
|
945
Federal Realty Investment Trust
FRT
$10.5B
| $17.3M | 0.01% |
154,517
+61,211
| +66% | +$6.92M |
|
946
Repligen
RGEN
$8.95B
| $17.3M | 0.01% |
119,907
-1,084
| -0.9% | -$155K |
|
947
MACOM Technology Solutions
MTSI
$20.1B
| $17.2M | 0.01% |
132,729
-810
| -0.6% | -$102K |
|
948
CarGurus
CARG
$3.28B
| $17.2M | 0.01% |
471,697
+21,682
| +5% | +$745K |
|
949
Signet Jewelers
SIG
$3.75B
| $17.2M | 0.01% |
213,535
+3,377
| +2% | +$315K |
|
950
First Bancorp
FBP
$4.44B
| $17.2M | 0.01% |
926,097
+37,432
| +4% | +$756K |
|
Similar funds
Principal Financial Group's Q4 2024 Portfolio in Review
As of Q4 2024, Principal Financial Group held 2,270 positions worth $183B, up 0.13% from $183B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Trading was light in Q4 2024: portfolio turnover was 4.8%. Principal Financial Group opened 48 new positions and exited 62, leaving the 2,270-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q4 2024 buy was SPDR Gold MiniShares Trust: 1,757,205 shares worth $91.4M.
- Principal Financial Group added most to iShares Core S&P 500 ETF in Q4 2024, an estimated $746M increase.
- Principal Financial Group's biggest Q4 2024 reduction was Adobe, cutting an estimated $566M.
- Principal Financial Group fully exited Portillo's in Q4 2024, selling an estimated $24.1M.
- Principal Financial Group's ten largest holdings make up 20% of its $183B portfolio in Q4 2024.
- Principal Financial Group opened 48 new positions and closed 62 in Q4 2024.
- Principal Financial Group's portfolio value rose 0.13% quarter-over-quarter to $183B.
Based on Principal Financial Group's 13F filing for Q4 2024, filed 31 Jan 2025.