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 |
iShares Core S&P 500 ETF
IVV
|
+$746M |
| 2 |
Healthpeak Properties
DOC
|
+$375M |
| 3 |
Arthur J. Gallagher & Co
AJG
|
+$325M |
| 4 |
Equity Lifestyle Properties
ELS
|
+$266M |
| 5 |
TransDigm Group
TDG
|
+$244M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Adobe
ADBE
|
+$566M |
| 2 |
SBA Communications
SBAC
|
+$491M |
| 3 |
Brookfield
BN
|
+$385M |
| 4 |
Alexandria Real Estate Equities
ARE
|
+$327M |
| 5 |
Sun Communities
SUI
|
+$299M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.17% |
| 2 | Financials | 16.62% |
| 3 | Real Estate | 12.83% |
| 4 | Consumer Discretionary | 11.84% |
| 5 | Industrials | 10.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Zoetis
ZTS
$32.4B
| $391M | 0.21% |
2,398,717
+21,314
| +0.9% | +$3.81M |
|
102
Gaming and Leisure Properties
GLPI
$12.7B
| $387M | 0.21% |
8,031,214
+4,357
| +0.1% | +$218K |
|
103
Sabra Healthcare REIT
SBRA
$5.34B
| $383M | 0.21% |
22,109,683
+536,247
| +2% | +$9.79M |
|
104
Chubb
CB
$135B
| $377M | 0.21% |
1,363,098
-32,786
| -2% | -$9.31M |
|
|
105
Healthpeak Properties
DOC
$15.1B
| $368M | 0.2% |
18,133,812
+17,314,572
| +2,113% | +$375M |
|
106
Oracle
ORCL
$374B
| $367M | 0.2% |
2,203,570
-212,792
| -9% | -$37.8M |
|
107
Moody's
MCO
$82.8B
| $353M | 0.19% |
745,295
-132,301
| -15% | -$63.1M |
|
|
WCN
108
Waste Connections
WCN
$42.2B
| $349M | 0.19% |
2,036,856
+109,701
| +6% | +$19.9M |
|
109
American Healthcare REIT
AHR
$10.7B
| $348M | 0.19% |
12,238,887
+2,750,137
| +29% | +$74M |
|
110
Suncor Energy
SU
$79.4B
| $346M | 0.19% |
9,706,616
+2,767,043
| +40% | +$106M |
|
111
PACCAR
PCAR
$69.8B
| $341M | 0.19% |
3,280,271
-117,922
| -3% | -$12.9M |
|
112
Ryman Hospitality Properties
RHP
$8.43B
| $340M | 0.19% |
3,254,693
+101,333
| +3% | +$11.3M |
|
113
Cummins
CMI
$87.5B
| $337M | 0.18% |
967,980
-13,620
| -1% | -$4.78M |
|
114
Mettler-Toledo International
MTD
$28.6B
| $336M | 0.18% |
274,563
+33,456
| +14% | +$43.7M |
|
115
Sherwin-Williams
SHW
$82.7B
| $329M | 0.18% |
966,905
-80,269
| -8% | -$30M |
|
116
Americold
COLD
$4.02B
| $321M | 0.18% |
15,008,357
-16,864
| -0.1% | -$408K |
|
|
CCC
117
CCC Intelligent Solutions
CCC
$3.59B
| $316M | 0.17% |
26,939,551
+455,040
| +2% | +$5.27M |
|
118
Ametek
AME
$55.4B
| $315M | 0.17% |
1,749,446
+69,137
| +4% | +$12.6M |
|
119
ServiceNow
NOW
$115B
| $312M | 0.17% |
1,469,785
+251,750
| +21% | +$51M |
|
120
Verisk Analytics
VRSK
$25.4B
| $309M | 0.17% |
1,123,255
-14,854
| -1% | -$4.13M |
|
121
Vail Resorts
MTN
$5.32B
| $309M | 0.17% |
1,648,293
-7,143
| -0.4% | -$1.28M |
|
122
Intuitive Surgical
ISRG
$127B
| $307M | 0.17% |
588,663
-13,730
| -2% | -$7.15M |
|
|
123
Adobe
ADBE
$99.5B
| $307M | 0.17% |
689,747
-1,143,436
| -62% | -$566M |
|
124
Ross Stores
ROST
$80.5B
| $298M | 0.16% |
1,971,964
+6,269
| +0.3% | +$921K |
|
125
EOG Resources
EOG
$79.2B
| $298M | 0.16% |
2,433,072
-13,369
| -0.5% | -$1.71M |
|
Similar funds
Principal Financial Group's Q4 2024 Portfolio in Review
As of Q4 2024, Principal Financial Group held 2,270 positions worth $183B, up 0.13% from $183B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Trading was light in Q4 2024: portfolio turnover was 4.8%. Principal Financial Group opened 48 new positions and exited 62, leaving the 2,270-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q4 2024 buy was SPDR Gold MiniShares Trust: 1,757,205 shares worth $91.4M.
- Principal Financial Group added most to iShares Core S&P 500 ETF in Q4 2024, an estimated $746M increase.
- Principal Financial Group's biggest Q4 2024 reduction was Adobe, cutting an estimated $566M.
- Principal Financial Group fully exited Portillo's in Q4 2024, selling an estimated $24.1M.
- Principal Financial Group's ten largest holdings make up 20% of its $183B portfolio in Q4 2024.
- Principal Financial Group opened 48 new positions and closed 62 in Q4 2024.
- Principal Financial Group's portfolio value rose 0.13% quarter-over-quarter to $183B.
Based on Principal Financial Group's 13F filing for Q4 2024, filed 31 Jan 2025.