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 |
Linde
LIN
|
+$219M |
| 2 |
TCO
Taubman Centers Inc.
TCO
|
+$96.5M |
| 3 |
WIX.com
WIX
|
+$96.5M |
| 4 |
iShares Russell 2000 Value ETF
IWN
|
+$84.9M |
| 5 |
American Homes 4 Rent
AMH
|
+$72.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ross Stores
ROST
|
+$250M |
| 2 |
Simon Property Group
SPG
|
+$202M |
| 3 |
PX
Praxair Inc
PX
|
+$171M |
| 4 |
Alibaba
BABA
|
+$160M |
| 5 |
O'Reilly Automotive
ORLY
|
+$146M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.16% |
| 2 | Real Estate | 15.05% |
| 3 | Technology | 13.99% |
| 4 | Consumer Discretionary | 11.2% |
| 5 | Healthcare | 9.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1101
Employers Holdings
EIG
$908M
| $11.2M | 0.01% |
267,733
-2,285
| -0.8% | -$100K |
|
|
CBM
1102
DELISTED
Cambrex Corporation
CBM
| $11.2M | 0.01% |
297,554
+21,975
| +8% | +$1.11M |
|
1103
Ryder
R
$9.83B
| $11.2M | 0.01% |
233,100
-3,742
| -2% | -$214K |
|
1104
S&T Bancorp
STBA
$1.84B
| $11.2M | 0.01% |
296,044
+3,178
| +1% | +$128K |
|
1105
Meritage Homes
MTH
$4.58B
| $11.2M | 0.01% |
610,006
-7,036
| -1% | -$130K |
|
1106
H&R Block
HRB
$5.58B
| $11.2M | 0.01% |
441,174
+118,095
| +37% | +$3.15M |
|
1107
Mueller Industries
MLI
$14.7B
| $11.2M | 0.01% |
1,911,256
+18,224
| +1% | +$113K |
|
1108
US Physical Therapy
USPH
$1.2B
| $11.1M | 0.01% |
108,929
-626
| -0.6% | -$69.5K |
|
|
AVTA
1109
DELISTED
Avantax, Inc. Common Stock
AVTA
| $11.1M | 0.01% |
418,064
-16,118
| -4% | -$494K |
|
1110
Walker & Dunlop
WD
$1.71B
| $11.1M | 0.01% |
255,649
-1,669
| -0.6% | -$76.7K |
|
1111
Clean Harbors
CLH
$16.5B
| $11.1M | 0.01% |
223,914
-3,883
| -2% | -$242K |
|
1112
Allegiant Air
ALGT
$2.64B
| $11M | 0.01% |
110,075
+706
| +0.6% | +$84.3K |
|
1113
Bread Financial
BFH
$4.37B
| $11M | 0.01% |
91,817
-3,688
| -4% | -$578K |
|
|
RAVN
1114
DELISTED
Raven Industries Inc
RAVN
| $11M | 0.01% |
303,748
+3,031
| +1% | +$126K |
|
1115
Universal Corp
UVV
$1.31B
| $11M | 0.01% |
202,713
-2,231
| -1% | -$144K |
|
1116
Arcosa
ACA
$7.13B
| $11M | 0.01% |
+395,915
| New | +$10.9M |
|
1117
First Interstate BancSystem
FIBK
$3.69B
| $10.9M | 0.01% |
299,289
+4,621
| +2% | +$192K |
|
1118
PVH
PVH
$4B
| $10.9M | 0.01% |
117,501
-1,114
| -0.9% | -$127K |
|
1119
CNO Financial Group
CNO
$5.14B
| $10.9M | 0.01% |
733,691
-17,227
| -2% | -$314K |
|
1120
Equitable Holdings
EQH
$13B
| $10.9M | 0.01% |
655,507
+6,347
| +1% | +$124K |
|
1121
Global Net Lease
GNL
$1.84B
| $10.9M | 0.01% |
617,601
+41,845
| +7% | +$833K |
|
1122
Resideo Technologies
REZI
$5.19B
| $10.9M | 0.01% |
+529,110
| New | +$11.3M |
|
1123
G-III Apparel Group
GIII
$1.54B
| $10.9M | 0.01% |
389,396
+13,657
| +4% | +$506K |
|
1124
Oxford Industries
OXM
$566M
| $10.9M | 0.01% |
152,736
+4,535
| +3% | +$368K |
|
|
GAP
1125
The Gap Inc
GAP
$7.23B
| $10.8M | 0.01% |
421,170
-13,009
| -3% | -$348K |
|
Similar funds
Principal Financial Group's Q4 2018 Portfolio in Review
As of Q4 2018, Principal Financial Group held 2,412 positions worth $93.8B, down 17% from $113B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Principal Financial Group withdrew a net $4.07B in Q4 2018, closing 172 positions and reducing 1,316 holdings. Its most notable exit was Praxair Inc, an estimated $171M position sold in full.
By sector, the portfolio is most concentrated in Financials at 16% of assets, down from 17% a quarter earlier, followed by Real Estate and Technology.
Against the trend, Principal Financial Group opened a new position in Linde worth $216M.
- Principal Financial Group's largest Q4 2018 buy was Linde: 1,382,859 shares worth $216M.
- Principal Financial Group added most to Taubman Centers Inc. in Q4 2018, an estimated $96.5M increase.
- Principal Financial Group's biggest Q4 2018 reduction was Ross Stores, cutting an estimated $250M.
- Principal Financial Group fully exited Praxair Inc in Q4 2018, selling an estimated $171M.
- Principal Financial Group's ten largest holdings make up 11% of its $93.8B portfolio in Q4 2018.
- Principal Financial Group opened 124 new positions and closed 172 in Q4 2018.
- Principal Financial Group's portfolio value fell 17% quarter-over-quarter to $93.8B.
Based on Principal Financial Group's 13F filing for Q4 2018, filed 14 Feb 2019.