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 | |
|---|---|---|---|---|---|---|
951
Dollar Tree
DLTR
$24.7B
| $17.1M | 0.01% |
228,449
-4,006
| -2% | -$275K |
|
952
Axalta
AXTA
$8.15B
| $17.1M | 0.01% |
499,988
-7,719
| -2% | -$291K |
|
|
BNT
953
Brookfield Wealth Solutions
BNT
$12.3B
| $17.1M | 0.01% |
446,562
-8,055
| -2% | -$303K |
|
954
Jazz Pharmaceuticals
JAZZ
$16.4B
| $17.1M | 0.01% |
138,663
-4,275
| -3% | -$504K |
|
955
CNX Resources
CNX
$5.11B
| $17M | 0.01% |
464,860
+7,223
| +2% | +$266K |
|
956
Coca-Cola Consolidated
COKE
$12.3B
| $17M | 0.01% |
135,260
-1,270
| -0.9% | -$159K |
|
957
Universal Health Services
UHS
$10.4B
| $17M | 0.01% |
94,979
-5,977
| -6% | -$1.22M |
|
958
Evergy
EVRG
$19.1B
| $17M | 0.01% |
276,412
-1,785
| -0.6% | -$110K |
|
|
BERY
959
DELISTED
Berry Global Group, Inc.
BERY
| $17M | 0.01% |
262,743
-26,228
| -9% | -$1.73M |
|
|
MASI
960
DELISTED
Masimo
MASI
| $17M | 0.01% |
102,660
+153
| +0.1% | +$24.2K |
|
961
Trip.com Group
TCOM
$28.9B
| $17M | 0.01% |
246,953
+115,546
| +88% | +$7.64M |
|
962
Warrior Met Coal
HCC
$4.45B
| $16.9M | 0.01% |
311,937
+13,629
| +5% | +$871K |
|
963
Align Technology
ALGN
$12.5B
| $16.9M | 0.01% |
81,054
-966
| -1% | -$216K |
|
964
Snowflake
SNOW
$110B
| $16.9M | 0.01% |
109,230
+40,979
| +60% | +$5.77M |
|
965
WSFS Financial
WSFS
$4.23B
| $16.9M | 0.01% |
317,254
+10,915
| +4% | +$594K |
|
966
Baxter International
BAX
$14.1B
| $16.8M | 0.01% |
577,103
-9,773
| -2% | -$329K |
|
967
Viatris
VTRS
$20.6B
| $16.8M | 0.01% |
1,349,197
-23,473
| -2% | -$288K |
|
968
Middleby
MIDD
$6.12B
| $16.7M | 0.01% |
123,359
-586,551
| -83% | -$80.9M |
|
969
Otter Tail
OTTR
$3.9B
| $16.7M | 0.01% |
225,987
+9,088
| +4% | +$712K |
|
970
ESCO Technologies
ESE
$8.49B
| $16.7M | 0.01% |
125,266
+3,562
| +3% | +$484K |
|
971
Cushman & Wakefield Ltd
CWK
$3.29B
| $16.7M | 0.01% |
1,275,089
-218,209
| -15% | -$3.03M |
|
|
TGNA
972
DELISTED
TEGNA Inc
TGNA
| $16.7M | 0.01% |
911,617
+20,129
| +2% | +$352K |
|
973
H&R Block
HRB
$5.82B
| $16.7M | 0.01% |
315,211
-8,341
| -3% | -$490K |
|
|
SNV
974
DELISTED
Synovus
SNV
| $16.6M | 0.01% |
324,929
-8,470
| -3% | -$439K |
|
975
ESAB
ESAB
$5.75B
| $16.6M | 0.01% |
138,758
-1,176
| -0.8% | -$142K |
|
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.