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
|
+$154M |
| 2 |
Gaming and Leisure Properties
GLPI
|
+$122M |
| 3 |
Boston Properties
BXP
|
+$112M |
| 4 |
iShares MBS ETF
MBB
|
+$90.3M |
| 5 |
Brookfield
BN
|
+$75.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FRC
First Republic Bank
FRC
|
+$273M |
| 2 |
TransDigm Group
TDG
|
+$208M |
| 3 |
Toronto Dominion Bank
TD
|
+$153M |
| 4 |
MPT
Medical Properties Trust
MPT
|
+$135M |
| 5 |
Credit Acceptance
CACC
|
+$123M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.56% |
| 2 | Real Estate | 15.87% |
| 3 | Financials | 14.95% |
| 4 | Consumer Discretionary | 11.17% |
| 5 | Industrials | 11.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1251
Embecta
EMBC
$272M
| $9.94M | 0.01% |
353,613
-12,076
| -3% | -$343K |
|
1252
Stride
LRN
$3.37B
| $9.94M | 0.01% |
253,214
-5,989
| -2% | -$235K |
|
|
IBTX
1253
DELISTED
Independent Bank Group, Inc.
IBTX
| $9.93M | 0.01% |
214,175
-2,370
| -1% | -$135K |
|
|
ETRN
1254
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $9.92M | 0.01% |
1,716,168
+27,843
| +2% | +$178K |
|
1255
Agilysys
AGYS
$3.03B
| $9.92M | 0.01% |
120,189
-1,790
| -1% | -$145K |
|
1256
Leslie's
LESL
$9.73M
| $9.91M | 0.01% |
45,005
-762
| -2% | -$198K |
|
1257
Grocery Outlet
GO
$971M
| $9.91M | 0.01% |
350,544
+3,135
| +0.9% | +$90K |
|
1258
iShares Russell 2000 Value ETF
IWN
$14.6B
| $9.84M | 0.01% |
71,836
-79,965
| -53% | -$11.6M |
|
1259
Bentley Systems
BSY
$10.6B
| $9.83M | 0.01% |
228,716
+73,539
| +47% | +$2.92M |
|
1260
Oxford Industries
OXM
$549M
| $9.83M | 0.01% |
93,108
-3,131
| -3% | -$350K |
|
1261
Vornado Realty Trust
VNO
$7.38B
| $9.82M | 0.01% |
639,126
+444,402
| +228% | +$8.98M |
|
1262
Knowles
KN
$3.35B
| $9.8M | 0.01% |
576,747
-9,580
| -2% | -$167K |
|
1263
Franklin Resources
BEN
$17.1B
| $9.78M | 0.01% |
363,073
-1,815
| -0.5% | -$53K |
|
1264
Coca-Cola Consolidated
COKE
$12.5B
| $9.78M | 0.01% |
182,730
+930
| +0.5% | +$48K |
|
1265
Hain Celestial
HAIN
$55.6M
| $9.76M | 0.01% |
569,346
-12,572
| -2% | -$229K |
|
|
BNT
1266
Brookfield Wealth Solutions
BNT
$12.2B
| $9.76M | 0.01% |
443,747
-660
| -0.1% | -$14.9K |
|
1267
Progyny
PGNY
$2.26B
| $9.74M | 0.01% |
303,234
+482
| +0.2% | +$15.9K |
|
1268
Methode Electronics
MEI
$593M
| $9.72M | 0.01% |
221,463
-6,102
| -3% | -$283K |
|
1269
CTS Corp
CTS
$1.9B
| $9.69M | 0.01% |
195,830
-4,763
| -2% | -$213K |
|
1270
Highwoods Properties
HIW
$3.51B
| $9.65M | 0.01% |
416,199
+3,823
| +0.9% | +$103K |
|
1271
LivaNova
LIVN
$4.13B
| $9.65M | 0.01% |
221,414
+296
| +0.1% | +$15K |
|
1272
NewMarket
NEU
$8.19B
| $9.64M | 0.01% |
26,408
-228
| -0.9% | -$79K |
|
|
GTY
1273
Getty Realty Corp
GTY
$2.06B
| $9.62M | 0.01% |
266,999
-4,557
| -2% | -$160K |
|
1274
NRG Energy
NRG
$25.7B
| $9.62M | 0.01% |
280,540
+3,716
| +1% | +$123K |
|
1275
Lakeland Financial Corp
LKFN
$1.54B
| $9.58M | 0.01% |
152,933
-3,215
| -2% | -$224K |
|
Similar funds
Principal Financial Group's Q1 2023 Portfolio in Review
As of Q1 2023, Principal Financial Group held 2,542 positions worth $140B, up 5.3% from $133B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Principal Financial Group's Q1 2023 filing shows 105 new, 1,088 increased, 1,245 reduced and 79 closed positions. Its largest new stake was National Health Investors: 1,082,334 shares worth $55.8M. The largest sale was First Republic Bank, an estimated $273M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 16% a quarter earlier, followed by Real Estate and Financials.
- Principal Financial Group's largest Q1 2023 buy was National Health Investors: 1,082,334 shares worth $55.8M.
- Principal Financial Group added most to iShares Core S&P 500 ETF in Q1 2023, an estimated $154M increase.
- Principal Financial Group's biggest Q1 2023 reduction was First Republic Bank, cutting an estimated $273M.
- Principal Financial Group fully exited STORE Capital Corporation in Q1 2023, selling an estimated $62.5M.
- Principal Financial Group's ten largest holdings make up 15% of its $140B portfolio in Q1 2023.
- Principal Financial Group opened 105 new positions and closed 79 in Q1 2023.
- Principal Financial Group's portfolio value rose 5.3% quarter-over-quarter to $140B.
Based on Principal Financial Group's 13F filing for Q1 2023, filed 9 May 2023.