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 | |
|---|---|---|---|---|---|---|
1026
Pentair
PNR
$11.2B
| $16.9M | 0.01% |
197,478
+8,808
| +5% | +$668K |
|
1027
Avnet
AVT
$7.94B
| $16.9M | 0.01% |
340,272
+8,045
| +2% | +$377K |
|
1028
Kontoor Brands
KTB
$4.36B
| $16.8M | 0.01% |
278,641
+6,949
| +3% | +$416K |
|
|
MZTI
1029
The Marzetti Company
MZTI
$3.02B
| $16.8M | 0.01% |
80,851
-770
| -0.9% | -$147K |
|
1030
Wynn Resorts
WYNN
$10.5B
| $16.7M | 0.01% |
163,791
+54,594
| +50% | +$5.42M |
|
1031
State Street SPDR S&P Global Natural Resources ETF
GNR
$4.86B
| $16.7M | 0.01% |
288,797
-177,142
| -38% | -$9.62M |
|
1032
MSC Industrial Direct
MSM
$6.92B
| $16.7M | 0.01% |
172,095
+1,824
| +1% | +$179K |
|
1033
Innovative Industrial Properties
IIPR
$1.69B
| $16.7M | 0.01% |
161,062
-11,585
| -7% | -$1.11M |
|
1034
Kohl's
KSS
$2.09B
| $16.7M | 0.01% |
571,392
+1,468
| +0.3% | +$39.4K |
|
|
ALE
1035
DELISTED
Allete
ALE
| $16.6M | 0.01% |
278,294
+11,219
| +4% | +$659K |
|
1036
Black Hills Corp
BKH
$5.54B
| $16.6M | 0.01% |
303,446
+49,600
| +20% | +$2.6M |
|
|
DOO
1037
Bombardier Recreational Products
DOO
$4.68B
| $16.6M | 0.01% |
246,350
-33,150
| -12% | -$2.19M |
|
1038
Griffon
GFF
$4.88B
| $16.5M | 0.01% |
225,483
+12,185
| +6% | +$796K |
|
1039
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.84B
| $16.5M | 0.01% |
210,846
+2,430
| +1% | +$189K |
|
1040
NewMarket
NEU
$8.21B
| $16.5M | 0.01% |
25,968
+655
| +3% | +$392K |
|
1041
iShares Core US Aggregate Bond ETF
AGG
$137B
| $16.4M | 0.01% |
167,533
+121,608
| +265% | +$11.9M |
|
1042
A.O. Smith
AOS
$8.56B
| $16.4M | 0.01% |
183,396
+17,844
| +11% | +$1.47M |
|
1043
Tradeweb Markets
TW
$21.8B
| $16.4M | 0.01% |
157,471
+66,595
| +73% | +$6.69M |
|
1044
Insperity
NSP
$1.96B
| $16.4M | 0.01% |
149,638
+8,541
| +6% | +$908K |
|
1045
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.89B
| $16.4M | 0.01% |
577,152
-1,589
| -0.3% | -$39.7K |
|
1046
Viatris
VTRS
$19B
| $16.4M | 0.01% |
1,372,493
+20,203
| +1% | +$243K |
|
1047
Steven Madden
SHOO
$3.53B
| $16.4M | 0.01% |
387,205
+1,923
| +0.5% | +$81.1K |
|
1048
ONE Gas
OGS
$5B
| $16.4M | 0.01% |
253,681
+46,598
| +23% | +$2.86M |
|
1049
LKQ Corp
LKQ
$6.19B
| $16.3M | 0.01% |
306,092
-6,132
| -2% | -$304K |
|
1050
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
PDBC
$6.3B
| $16.3M | 0.01% |
1,175,605
-249,606
| -18% | -$3.35M |
|
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.