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 | |
|---|---|---|---|---|---|---|
1051
UMB Financial
UMBF
$11B
| $16.3M | 0.01% |
187,588
+24,379
| +15% | +$1.98M |
|
1052
Coca-Cola Consolidated
COKE
$12.5B
| $16.3M | 0.01% |
192,770
+3,490
| +2% | +$301K |
|
1053
Artisan Partners
APAM
$3.06B
| $16.3M | 0.01% |
356,254
+680
| +0.2% | +$29.2K |
|
1054
Allegion
ALLE
$14.3B
| $16.3M | 0.01% |
120,943
+2,940
| +2% | +$376K |
|
|
UCB
1055
United Community Banks
UCB
$4.28B
| $16.2M | 0.01% |
617,305
-1,565,279
| -72% | -$42.3M |
|
1056
International Paper
IP
$21.5B
| $16.2M | 0.01% |
416,097
+25,985
| +7% | +$943K |
|
|
JNPR
1057
DELISTED
Juniper Networks
JNPR
| $16.2M | 0.01% |
437,732
+13,203
| +3% | +$482K |
|
1058
AutoNation
AN
$6.99B
| $16.2M | 0.01% |
97,885
+2,497
| +3% | +$367K |
|
1059
Trustmark
TRMK
$2.79B
| $16.2M | 0.01% |
576,057
+31,951
| +6% | +$862K |
|
1060
InterDigital
IDCC
$8.47B
| $16.1M | 0.01% |
151,173
+1,758
| +1% | +$186K |
|
1061
First Financial Bankshares
FFIN
$4.97B
| $16.1M | 0.01% |
490,412
+11,880
| +2% | +$365K |
|
1062
MGE Energy Inc
MGEE
$3.05B
| $16.1M | 0.01% |
204,066
+199,673
| +4,545% | +$14M |
|
1063
New Jersey Resources
NJR
$5.53B
| $16.1M | 0.01% |
374,087
-21,713
| -5% | -$916K |
|
|
WRK
1064
DELISTED
WestRock Company
WRK
| $16M | 0.01% |
323,141
+23,093
| +8% | +$1.01M |
|
1065
Exponent
EXPO
$3.21B
| $16M | 0.01% |
193,189
-4,000
| -2% | -$331K |
|
1066
Schwab US TIPS ETF
SCHP
$16.3B
| $16M | 0.01% |
612,430
+59,500
| +11% | +$1.54M |
|
1067
Madison Square Garden
MSGS
$9.43B
| $15.9M | 0.01% |
86,351
+311
| +0.4% | +$57.8K |
|
1068
Belden
BDC
$5.05B
| $15.9M | 0.01% |
171,484
+3,386
| +2% | +$276K |
|
1069
Piper Sandler
PIPR
$5.02B
| $15.8M | 0.01% |
318,432
-26,040
| -8% | -$1.19M |
|
1070
Newell Brands
NWL
$2.56B
| $15.8M | 0.01% |
1,966,663
+4,595
| +0.2% | +$36.6K |
|
1071
iShares Core S&P Small-Cap ETF
IJR
$111B
| $15.7M | 0.01% |
141,994
+14,968
| +12% | +$1.59M |
|
1072
Peabody Energy
BTU
$2.87B
| $15.7M | 0.01% |
646,648
+632,235
| +4,387% | +$15.9M |
|
1073
CNX Resources
CNX
$5.2B
| $15.6M | 0.01% |
659,497
+66,528
| +11% | +$1.38M |
|
1074
SITE Centers
SITC
$164M
| $15.6M | 0.01% |
1,367,426
+163,139
| +14% | +$1.76M |
|
1075
Quaker Houghton
KWR
$2.88B
| $15.6M | 0.01% |
76,118
-797
| -1% | -$158K |
|
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.