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 |
Ventas
VTR
|
+$190M |
| 2 |
Netflix
NFLX
|
+$137M |
| 3 |
Tyler Technologies
TYL
|
+$136M |
| 4 |
Aon
AON
|
+$132M |
| 5 |
Starbucks
SBUX
|
+$130M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$417M |
| 2 |
Apple
AAPL
|
+$291M |
| 3 |
Healthpeak Properties
DOC
|
+$163M |
| 4 |
Vipshop
VIPS
|
+$136M |
| 5 |
NXP Semiconductors
NXPI
|
+$135M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.26% |
| 2 | Real Estate | 15.29% |
| 3 | Financials | 14.38% |
| 4 | Consumer Discretionary | 11.75% |
| 5 | Industrials | 9.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1026
Hawaiian Electric Industries
HE
$2.16B
| $10.8M | 0.01% |
324,238
-11,370
| -3% | -$399K |
|
1027
Cheesecake Factory
CAKE
$5.34B
| $10.8M | 0.01% |
388,038
+28,020
| +8% | +$735K |
|
1028
Skywest
SKYW
$4.4B
| $10.8M | 0.01% |
360,048
-15,556
| -4% | -$485K |
|
1029
Cracker Barrel
CBRL
$1.3B
| $10.7M | 0.01% |
93,610
+7,458
| +9% | +$874K |
|
1030
Highwoods Properties
HIW
$3.47B
| $10.7M | 0.01% |
319,372
-13,582
| -4% | -$500K |
|
1031
Chesapeake Utilities
CPK
$3.2B
| $10.7M | 0.01% |
127,026
+120,941
| +1,988% | +$9.98M |
|
1032
Eagle Materials
EXP
$6.48B
| $10.7M | 0.01% |
123,955
-3,975
| -3% | -$321K |
|
1033
Murphy USA
MUSA
$9.9B
| $10.7M | 0.01% |
83,336
-3,859
| -4% | -$510K |
|
1034
Coherus Oncology
CHRS
$194M
| $10.7M | 0.01% |
581,218
+48,953
| +9% | +$911K |
|
|
DISH
1035
DELISTED
DISH Network Corp.
DISH
| $10.6M | 0.01% |
366,163
-18,667
| -5% | -$616K |
|
|
MZTI
1036
The Marzetti Company
MZTI
$3.02B
| $10.6M | 0.01% |
59,381
-2,935
| -5% | -$492K |
|
1037
Monro
MNRO
$388M
| $10.6M | 0.01% |
261,665
-4,023
| -2% | -$205K |
|
1038
ICU Medical
ICUI
$4.16B
| $10.6M | 0.01% |
58,037
-1,812
| -3% | -$341K |
|
|
CADE
1039
DELISTED
Cadence Bancorporation
CADE
| $10.6M | 0.01% |
1,232,564
+100,768
| +9% | +$871K |
|
1040
Patrick Industries
PATK
$2.87B
| $10.6M | 0.01% |
275,631
+1,767
| +0.6% | +$70.7K |
|
|
FL
1041
DELISTED
Foot Locker
FL
| $10.6M | 0.01% |
319,582
-76,949
| -19% | -$2.34M |
|
|
PDCO
1042
DELISTED
Patterson Companies, Inc.
PDCO
| $10.5M | 0.01% |
437,309
+67,017
| +18% | +$1.71M |
|
1043
Bath & Body Works
BBWI
$4.06B
| $10.5M | 0.01% |
408,193
-26,616
| -6% | -$544K |
|
1044
Semtech
SMTC
$12.6B
| $10.5M | 0.01% |
198,192
-7,126
| -3% | -$401K |
|
1045
Westamerica Bancorp
WABC
$1.37B
| $10.5M | 0.01% |
192,924
-8,559
| -4% | -$501K |
|
1046
Valvoline
VVV
$4.54B
| $10.5M | 0.01% |
550,369
-19,471
| -3% | -$402K |
|
1047
Kennametal
KMT
$2.58B
| $10.5M | 0.01% |
361,915
+39,931
| +12% | +$1.16M |
|
1048
Onto Innovation
ONTO
$13.4B
| $10.4M | 0.01% |
349,665
-12,229
| -3% | -$406K |
|
|
EGOV
1049
DELISTED
NIC Inc
EGOV
| $10.4M | 0.01% |
528,423
-8,883
| -2% | -$192K |
|
1050
Encore Capital Group
ECPG
$2.1B
| $10.4M | 0.01% |
269,163
+37,626
| +16% | +$1.5M |
|
Similar funds
Principal Financial Group's Q3 2020 Portfolio in Review
As of Q3 2020, Principal Financial Group held 2,397 positions worth $119B, up 4.7% from $114B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Principal Financial Group's Q3 2020 filing shows 80 new, 702 increased, 1,527 reduced and 77 closed positions. Its largest new stake was Broadstone Net Lease: 3,478,467 shares worth $58.4M. The largest sale was Berkshire Hathaway Class B, an estimated $417M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 19% a quarter earlier, followed by Real Estate and Financials.
- Principal Financial Group's largest Q3 2020 buy was Broadstone Net Lease: 3,478,467 shares worth $58.4M.
- Principal Financial Group added most to Ventas in Q3 2020, an estimated $190M increase.
- Principal Financial Group's biggest Q3 2020 reduction was Berkshire Hathaway Class B, cutting an estimated $417M.
- Principal Financial Group fully exited Caesars Entertainment Corporation in Q3 2020, selling an estimated $20.9M.
- Principal Financial Group's ten largest holdings make up 15% of its $119B portfolio in Q3 2020.
- Principal Financial Group opened 80 new positions and closed 77 in Q3 2020.
- Principal Financial Group's portfolio value rose 4.7% quarter-over-quarter to $119B.
Based on Principal Financial Group's 13F filing for Q3 2020, filed 6 Nov 2020.