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 | |
|---|---|---|---|---|---|---|
1201
Bunge Global
BG
$20.9B
| $10.7M | 0.01% |
107,726
+21,374
| +25% | +$2.05M |
|
|
WRK
1202
DELISTED
WestRock Company
WRK
| $10.7M | 0.01% |
305,417
-10,906
| -3% | -$380K |
|
1203
Ollie's Bargain Outlet
OLLI
$4.71B
| $10.7M | 0.01% |
228,791
+1,683
| +0.7% | +$90.7K |
|
1204
ACI Worldwide
ACIW
$5.55B
| $10.7M | 0.01% |
465,399
+16,687
| +4% | +$359K |
|
1205
Frontdoor
FTDR
$6.41B
| $10.7M | 0.01% |
514,524
+12,380
| +2% | +$272K |
|
|
CALY
1206
Callaway Golf Company
CALY
$3.16B
| $10.7M | 0.01% |
539,609
+187
| +0% | +$3.68K |
|
1207
Advance Auto Parts
AAP
$3.49B
| $10.6M | 0.01% |
72,410
-3,156
| -4% | -$511K |
|
1208
Interparfums
IPAR
$3.87B
| $10.6M | 0.01% |
110,142
-3,233
| -3% | -$281K |
|
1209
Sylvamo
SLVM
$1.5B
| $10.6M | 0.01% |
218,670
+13,092
| +6% | +$628K |
|
1210
Robert Half
RHI
$4.17B
| $10.6M | 0.01% |
143,890
-2,561
| -2% | -$195K |
|
1211
Constellium
CSTM
$3.92B
| $10.6M | 0.01% |
896,393
+373,339
| +71% | +$4.36M |
|
|
PACW
1212
DELISTED
PacWest Bancorp
PACW
| $10.6M | 0.01% |
461,854
+2,832
| +0.6% | +$68.7K |
|
1213
Harmony Biosciences
HRMY
$2.24B
| $10.6M | 0.01% |
192,354
-5,622
| -3% | -$309K |
|
|
SIX
1214
DELISTED
Six Flags Entertainment Corp.
SIX
| $10.6M | 0.01% |
455,659
-833
| -0.2% | -$17.9K |
|
1215
Northwest Natural Holdings
NWN
$2.12B
| $10.6M | 0.01% |
222,604
+7,840
| +4% | +$368K |
|
|
PARA
1216
DELISTED
Paramount Global Class B
PARA
| $10.6M | 0.01% |
626,089
-22,253
| -3% | -$409K |
|
|
CMA
1217
DELISTED
Comerica
CMA
| $10.5M | 0.01% |
157,233
-5,607
| -3% | -$388K |
|
1218
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
PDBC
$6.29B
| $10.5M | 0.01% |
710,645
-660,105
| -48% | -$11M |
|
1219
WillScot Mobile Mini Holdings
WSC
$4.71B
| $10.5M | 0.01% |
231,930
+207,895
| +865% | +$9.33M |
|
1220
Vanguard S&P 500 ETF
VOO
$1.01T
| $10.5M | 0.01% |
29,776
+12,095
| +68% | +$4.27M |
|
1221
Griffon
GFF
$4.81B
| $10.4M | 0.01% |
290,898
-1,927
| -0.7% | -$64.3K |
|
1222
Blackbaud
BLKB
$2.06B
| $10.4M | 0.01% |
176,110
-9,945
| -5% | -$557K |
|
1223
Winnebago Industries
WGO
$892M
| $10.3M | 0.01% |
196,023
-13,024
| -6% | -$741K |
|
1224
Pinnacle West Capital
PNW
$12.2B
| $10.3M | 0.01% |
135,850
-4,868
| -3% | -$348K |
|
1225
Trupanion
TRUP
$1.2B
| $10.3M | 0.01% |
217,068
-742
| -0.3% | -$38.6K |
|
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.