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 |
Digital Realty Trust
DLR
|
+$405M |
| 2 |
Brookfield Asset Management
BAM
|
+$375M |
| 3 |
Gaming and Leisure Properties
GLPI
|
+$239M |
| 4 |
Welltower
WELL
|
+$218M |
| 5 |
American Tower
AMT
|
+$170M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
STOR
STORE Capital Corporation
STOR
|
+$364M |
| 2 |
Brookfield
BN
|
+$235M |
| 3 |
Equinix
EQIX
|
+$232M |
| 4 |
Guidewire Software
GWRE
|
+$191M |
| 5 |
Liberty Broadband Class C
LBRDK
|
+$151M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 16.55% |
| 2 | Technology | 15.79% |
| 3 | Financials | 15.77% |
| 4 | Industrials | 10.84% |
| 5 | Consumer Discretionary | 10.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AZEK
1151
DELISTED
The AZEK Co
AZEK
| $11.8M | 0.01% |
579,857
+567,309
| +4,521% | +$10.5M |
|
|
CPRX
1152
DELISTED
Catalyst Pharmaceutical
CPRX
| $11.8M | 0.01% |
632,026
+23,859
| +4% | +$367K |
|
1153
CareTrust REIT
CTRE
$9.7B
| $11.7M | 0.01% |
630,045
+3,683
| +0.6% | +$68.7K |
|
1154
Warrior Met Coal
HCC
$4.75B
| $11.7M | 0.01% |
337,617
+5,405
| +2% | +$191K |
|
1155
Bath & Body Works
BBWI
$4.16B
| $11.7M | 0.01% |
276,906
-9,796
| -3% | -$365K |
|
1156
iShares Core S&P Small-Cap ETF
IJR
$112B
| $11.6M | 0.01% |
123,041
+1,566
| +1% | +$150K |
|
1157
Veeva Systems
VEEV
$34.8B
| $11.6M | 0.01% |
71,874
-28,231
| -28% | -$4.82M |
|
1158
Kohl's
KSS
$2.16B
| $11.6M | 0.01% |
457,449
-43,369
| -9% | -$1.23M |
|
1159
Fox Class A
FOXA
$26.1B
| $11.5M | 0.01% |
380,121
-30,921
| -8% | -$944K |
|
1160
Highwoods Properties
HIW
$3.51B
| $11.5M | 0.01% |
412,376
-35,006
| -8% | -$973K |
|
1161
Tanger
SKT
$4.54B
| $11.5M | 0.01% |
642,990
-4,512
| -0.7% | -$81K |
|
|
VSXY
1162
Victoria's Secret
VSXY
$7.46B
| $11.5M | 0.01% |
321,785
-3,417
| -1% | -$136K |
|
1163
NMI Holdings
NMIH
$3.3B
| $11.5M | 0.01% |
548,935
+26,394
| +5% | +$553K |
|
1164
Commault Systems
CVLT
$5.48B
| $11.5M | 0.01% |
182,470
-6,438
| -3% | -$399K |
|
1165
Bread Financial
BFH
$4.5B
| $11.5M | 0.01% |
304,338
+83,010
| +38% | +$3M |
|
|
ROIC
1166
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $11.4M | 0.01% |
760,963
-57,768
| -7% | -$847K |
|
1167
Tapestry
TPR
$32.4B
| $11.4M | 0.01% |
300,301
-25,473
| -8% | -$872K |
|
1168
Tandem Diabetes Care
TNDM
$1.28B
| $11.4M | 0.01% |
254,134
+3,473
| +1% | +$157K |
|
1169
Lakeland Financial Corp
LKFN
$1.55B
| $11.4M | 0.01% |
156,148
-12,373
| -7% | -$947K |
|
1170
Avient
AVNT
$3.93B
| $11.4M | 0.01% |
336,725
+672
| +0.2% | +$22.1K |
|
|
ETRN
1171
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $11.3M | 0.01% |
1,688,325
-109,866
| -6% | -$852K |
|
1172
Lindsay Corp
LNN
$1.17B
| $11.3M | 0.01% |
69,166
-451
| -0.6% | -$74.4K |
|
1173
Pacira BioSciences
PCRX
$1.01B
| $11.3M | 0.01% |
291,477
-14,763
| -5% | -$718K |
|
|
NVEE
1174
DELISTED
NV5 Global
NVEE
| $11.2M | 0.01% |
339,092
+22,580
| +7% | +$785K |
|
|
ODP
1175
DELISTED
ODP
ODP
| $11.2M | 0.01% |
246,233
-17,157
| -7% | -$733K |
|
Similar funds
Principal Financial Group's Q4 2022 Portfolio in Review
As of Q4 2022, Principal Financial Group held 2,612 positions worth $133B, up 5.5% from $126B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Principal Financial Group's Q4 2022 filing shows 120 new, 875 increased, 1,421 reduced and 175 closed positions. Its largest new stake was Brookfield Asset Management: 12,455,054 shares worth $357M. The largest sale was STORE Capital Corporation, an estimated $364M.
By sector, the portfolio is most concentrated in Real Estate at 17% of assets, down from 17% a quarter earlier, followed by Technology and Financials.
- Principal Financial Group's largest Q4 2022 buy was Brookfield Asset Management: 12,455,054 shares worth $357M.
- Principal Financial Group added most to Digital Realty Trust in Q4 2022, an estimated $405M increase.
- Principal Financial Group's biggest Q4 2022 reduction was STORE Capital Corporation, cutting an estimated $364M.
- Principal Financial Group fully exited Petrobras in Q4 2022, selling an estimated $59M.
- Principal Financial Group's ten largest holdings make up 14% of its $133B portfolio in Q4 2022.
- Principal Financial Group opened 120 new positions and closed 175 in Q4 2022.
- Principal Financial Group's portfolio value rose 5.5% quarter-over-quarter to $133B.
Based on Principal Financial Group's 13F filing for Q4 2022, filed 9 Feb 2023.