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 |
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
|
+$420M |
| 2 |
Meta Platforms (Facebook)
META
|
+$299M |
| 3 |
LPL Financial
LPLA
|
+$196M |
| 4 |
Vulcan Materials
VMC
|
+$181M |
| 5 |
Healthpeak Properties
DOC
|
+$178M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$811M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$586M |
| 3 |
Progressive
PGR
|
+$395M |
| 4 |
Netflix
NFLX
|
+$355M |
| 5 |
CarMax
KMX
|
+$270M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.35% |
| 2 | Financials | 16.54% |
| 3 | Real Estate | 12.06% |
| 4 | Consumer Discretionary | 11.39% |
| 5 | Industrials | 10.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1026
Arrow Electronics
ARW
$10.3B
| $15M | 0.01% |
117,612
-2,453
| -2% | -$282K |
|
1027
MGIC Investment
MTG
$6.21B
| $15M | 0.01% |
538,196
-33,697
| -6% | -$867K |
|
1028
Viking Therapeutics
VKTX
$4.02B
| $15M | 0.01% |
565,066
-33,069
| -6% | -$871K |
|
1029
Ryder
R
$9.98B
| $14.9M | 0.01% |
93,694
-3,116
| -3% | -$458K |
|
1030
Snowflake
SNOW
$116B
| $14.9M | 0.01% |
66,454
-20,770
| -24% | -$3.76M |
|
1031
Dave Inc
DAVE
$3.94B
| $14.8M | 0.01% |
+55,237
| New | +$8.71M |
|
1032
Jazz Pharmaceuticals
JAZZ
$16.7B
| $14.8M | 0.01% |
139,653
+612
| +0.4% | +$66.5K |
|
1033
iShares Core S&P Small-Cap ETF
IJR
$112B
| $14.8M | 0.01% |
135,564
+1,521
| +1% | +$157K |
|
1034
Coca-Cola Consolidated
COKE
$12.4B
| $14.8M | 0.01% |
132,695
-2,995
| -2% | -$362K |
|
1035
Academy Sports + Outdoors
ASO
$3.09B
| $14.8M | 0.01% |
329,855
-15,863
| -5% | -$658K |
|
1036
Repligen
RGEN
$9.21B
| $14.8M | 0.01% |
118,609
-68,106
| -36% | -$8.67M |
|
1037
Simpson Manufacturing
SSD
$8B
| $14.7M | 0.01% |
94,898
-2,265
| -2% | -$351K |
|
1038
Axalta
AXTA
$8.01B
| $14.7M | 0.01% |
495,548
-6,539
| -1% | -$204K |
|
1039
Federal Realty Investment Trust
FRT
$10.2B
| $14.7M | 0.01% |
154,581
-853
| -0.5% | -$80.6K |
|
1040
Starwood Property Trust
STWD
$6.16B
| $14.7M | 0.01% |
731,013
-6,034
| -0.8% | -$117K |
|
|
TGNA
1041
DELISTED
TEGNA Inc
TGNA
| $14.6M | 0.01% |
873,700
-61,011
| -7% | -$1.01M |
|
1042
Brady Corp
BRC
$4.54B
| $14.5M | 0.01% |
214,065
-3,225
| -1% | -$224K |
|
1043
Bath & Body Works
BBWI
$3.89B
| $14.5M | 0.01% |
482,972
-91,622
| -16% | -$2.68M |
|
1044
Mattel
MAT
$4.21B
| $14.4M | 0.01% |
732,074
-43,129
| -6% | -$768K |
|
1045
Kirby Corp
KEX
$7B
| $14.4M | 0.01% |
127,227
-4,862
| -4% | -$510K |
|
1046
Qualys
QLYS
$6.43B
| $14.4M | 0.01% |
100,951
-9,076
| -8% | -$1.2M |
|
1047
CorVel
CRVL
$3.12B
| $14.4M | 0.01% |
140,284
-3,370
| -2% | -$371K |
|
1048
Axcelis
ACLS
$4.1B
| $14.3M | 0.01% |
205,677
+11,639
| +6% | +$664K |
|
1049
First American
FAF
$7.37B
| $14.3M | 0.01% |
233,127
-3,749
| -2% | -$223K |
|
1050
Hawkins
HWKN
$2.73B
| $14.3M | 0.01% |
100,604
-1,181
| -1% | -$149K |
|
Similar funds
Principal Financial Group's Q2 2025 Portfolio in Review
As of Q2 2025, Principal Financial Group held 2,339 positions worth $189B, up 6.2% from $178B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Principal Financial Group's Q2 2025 filing shows 168 new, 694 increased, 1,347 reduced and 115 closed positions. Its largest new stake was State Street SPDR Portfolio High Yield Bond ETF: 2,146,080 shares worth $51.1M. The largest sale was iShares Core S&P 500 ETF, an estimated $811M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 18% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q2 2025 buy was State Street SPDR Portfolio High Yield Bond ETF: 2,146,080 shares worth $51.1M.
- Principal Financial Group added most to Principal Exchange-Traded Funds Principal US Mega-Cap ETF in Q2 2025, an estimated $420M increase.
- Principal Financial Group's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $811M.
- Principal Financial Group fully exited Discover Financial Services in Q2 2025, selling an estimated $53.1M.
- Principal Financial Group's ten largest holdings make up 21% of its $189B portfolio in Q2 2025.
- Principal Financial Group opened 168 new positions and closed 115 in Q2 2025.
- Principal Financial Group's portfolio value rose 6.2% quarter-over-quarter to $189B.
Based on Principal Financial Group's 13F filing for Q2 2025, filed 8 Aug 2025.