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 |
Equinix
EQIX
|
+$334M |
| 2 |
Welltower
WELL
|
+$214M |
| 3 |
Brookfield
BN
|
+$175M |
| 4 |
Extra Space Storage
EXR
|
+$158M |
| 5 |
MSCI
MSCI
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BKI
Black Knight, Inc. Common Stock
BKI
|
+$373M |
| 2 |
Dollar General
DG
|
+$238M |
| 3 |
Moody's
MCO
|
+$192M |
| 4 |
CubeSmart
CUBE
|
+$184M |
| 5 |
Equity Lifestyle Properties
ELS
|
+$166M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.93% |
| 2 | Financials | 15.34% |
| 3 | Real Estate | 15.22% |
| 4 | Consumer Discretionary | 11.31% |
| 5 | Industrials | 11.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
976
Antero Midstream
AM
$10B
| $15.1M | 0.01% |
1,262,258
-3,835
| -0.3% | -$45.4K |
|
977
Roku
ROKU
$21.8B
| $15.1M | 0.01% |
213,757
+203,124
| +1,910% | +$15.7M |
|
978
Teleflex
TFX
$6.06B
| $15.1M | 0.01% |
76,790
-728
| -0.9% | -$165K |
|
979
AutoNation
AN
$7.13B
| $15M | 0.01% |
99,337
-18,754
| -16% | -$2.99M |
|
980
Synchrony
SYF
$25.8B
| $15M | 0.01% |
491,933
-23
| -0% | -$765 |
|
981
Incyte
INCY
$24.3B
| $15M | 0.01% |
260,293
-525
| -0.2% | -$33.1K |
|
|
TPH
982
DELISTED
Tri Pointe Homes
TPH
| $15M | 0.01% |
549,453
-29,753
| -5% | -$913K |
|
983
Veeva Systems
VEEV
$34.7B
| $15M | 0.01% |
73,760
+45,489
| +161% | +$9.17M |
|
|
SNV
984
DELISTED
Synovus
SNV
| $15M | 0.01% |
539,067
-9,481
| -2% | -$297K |
|
985
C.H. Robinson
CHRW
$17.9B
| $14.9M | 0.01% |
173,450
+3,461
| +2% | +$323K |
|
986
Cirrus Logic
CRUS
$6.53B
| $14.9M | 0.01% |
201,860
-5,622
| -3% | -$439K |
|
987
Citizens Financial Group
CFG
$31.1B
| $14.9M | 0.01% |
555,945
+463
| +0.1% | +$13.2K |
|
988
Neogen
NEOG
$2.49B
| $14.9M | 0.01% |
801,169
-55,528
| -6% | -$1.21M |
|
989
Home BancShares
HOMB
$6.26B
| $14.8M | 0.01% |
708,264
-6,153
| -0.9% | -$140K |
|
990
FMC
FMC
$1.35B
| $14.8M | 0.01% |
221,264
-278,691
| -56% | -$24.1M |
|
|
EFOR
991
Everforth Inc
EFOR
$1.3B
| $14.8M | 0.01% |
181,320
-5,400
| -3% | -$430K |
|
992
ESCO Technologies
ESE
$8.49B
| $14.8M | 0.01% |
141,629
-7,048
| -5% | -$724K |
|
993
Masco
MAS
$15.2B
| $14.8M | 0.01% |
276,682
+4,311
| +2% | +$248K |
|
|
PCH
994
DELISTED
PotlatchDeltic
PCH
| $14.8M | 0.01% |
325,425
+6,575
| +2% | +$325K |
|
995
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.88B
| $14.7M | 0.01% |
205,611
+45
| +0% | +$3.39K |
|
996
FirstCash
FCFS
$9.02B
| $14.7M | 0.01% |
146,581
+884
| +0.6% | +$83.5K |
|
997
MDU Resources
MDU
$4.18B
| $14.7M | 0.01% |
1,355,674
-24,299
| -2% | -$280K |
|
998
United Bankshares
UBSI
$6.72B
| $14.7M | 0.01% |
532,593
+6,983
| +1% | +$210K |
|
999
Westlake Corp
WLK
$10.1B
| $14.7M | 0.01% |
117,793
-11,458
| -9% | -$1.47M |
|
1000
Genworth Financial
GNW
$3.71B
| $14.7M | 0.01% |
2,500,239
-218,805
| -8% | -$1.26M |
|
Similar funds
Principal Financial Group's Q3 2023 Portfolio in Review
As of Q3 2023, Principal Financial Group held 2,502 positions worth $139B, down 4.9% from $146B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Principal Financial Group's Q3 2023 filing shows 85 new, 937 increased, 1,382 reduced and 66 closed positions. Its largest new stake was TKO Group: 1,062,731 shares worth $89.3M. The largest sale was Black Knight, Inc. Common Stock, an estimated $373M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 18% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q3 2023 buy was TKO Group: 1,062,731 shares worth $89.3M.
- Principal Financial Group added most to Equinix in Q3 2023, an estimated $334M increase.
- Principal Financial Group's biggest Q3 2023 reduction was Dollar General, cutting an estimated $238M.
- Principal Financial Group fully exited Black Knight, Inc. Common Stock in Q3 2023, selling an estimated $373M.
- Principal Financial Group's ten largest holdings make up 17% of its $139B portfolio in Q3 2023.
- Principal Financial Group opened 85 new positions and closed 66 in Q3 2023.
- Principal Financial Group's portfolio value fell 4.9% quarter-over-quarter to $139B.
Based on Principal Financial Group's 13F filing for Q3 2023, filed 2 Nov 2023.