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 |
American Tower
AMT
|
+$465M |
| 2 |
SBA Communications
SBAC
|
+$339M |
| 3 |
CCC
CCC Intelligent Solutions
CCC
|
+$209M |
| 4 |
Equinix
EQIX
|
+$180M |
| 5 |
NNN REIT
NNN
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Industrial Realty Trust
FR
|
+$217M |
| 2 |
Digital Realty Trust
DLR
|
+$209M |
| 3 |
TransDigm Group
TDG
|
+$189M |
| 4 |
Public Storage
PSA
|
+$172M |
| 5 |
Realty Income
O
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.82% |
| 2 | Financials | 15.58% |
| 3 | Real Estate | 14.17% |
| 4 | Consumer Discretionary | 11.56% |
| 5 | Industrials | 11.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1326
Supernus Pharmaceuticals
SUPN
$2.72B
| $9.69M | 0.01% |
283,996
-16,447
| -5% | -$490K |
|
1327
Goosehead Insurance
GSHD
$2.37B
| $9.66M | 0.01% |
144,929
+18,112
| +14% | +$1.38M |
|
1328
Virtus Investment Partners
VRTS
$1.09B
| $9.64M | 0.01% |
38,863
-1,834
| -5% | -$435K |
|
1329
MongoDB
MDB
$29.8B
| $9.63M | 0.01% |
26,853
-37,480
| -58% | -$15.3M |
|
1330
Leggett & Platt
LEG
$1.31B
| $9.62M | 0.01% |
502,257
+12,827
| +3% | +$279K |
|
1331
monday.com
MNDY
$3.7B
| $9.6M | 0.01% |
42,510
+40,596
| +2,121% | +$8.62M |
|
1332
Amphastar Pharmaceuticals
AMPH
$873M
| $9.6M | 0.01% |
218,574
+15,621
| +8% | +$807K |
|
1333
Astrana Health
ASTH
$1.69B
| $9.59M | 0.01% |
228,457
+5,165
| +2% | +$201K |
|
1334
Infosys
INFY
$50.1B
| $9.58M | 0.01% |
534,352
+196,755
| +58% | +$3.82M |
|
1335
Bread Financial
BFH
$4.44B
| $9.54M | 0.01% |
256,142
-1,008
| -0.4% | -$35.8K |
|
|
DVAX
1336
DELISTED
Dynavax Technologies
DVAX
| $9.53M | 0.01% |
767,909
+31,002
| +4% | +$404K |
|
|
RCM
1337
DELISTED
R1 RCM Inc. Common Stock
RCM
| $9.51M | 0.01% |
738,399
-71,626
| -9% | -$832K |
|
1338
Etsy
ETSY
$7.55B
| $9.49M | 0.01% |
138,144
-31
| -0% | -$2.22K |
|
1339
Werner Enterprises
WERN
$2.21B
| $9.43M | 0.01% |
241,040
-23,056
| -9% | -$919K |
|
1340
Customers Bancorp
CUBI
$2.77B
| $9.41M | 0.01% |
177,384
+29,974
| +20% | +$1.58M |
|
1341
MillerKnoll
MLKN
$1.61B
| $9.36M | 0.01% |
378,189
-32,378
| -8% | -$911K |
|
1342
Bio-Rad Laboratories Class A
BIO
$9.16B
| $9.36M | 0.01% |
27,055
+78
| +0.3% | +$25.6K |
|
1343
Vertex
VERX
$1.88B
| $9.33M | 0.01% |
293,760
+59,947
| +26% | +$1.62M |
|
1344
Oxford Industries
OXM
$560M
| $9.31M | 0.01% |
82,801
+2,521
| +3% | +$254K |
|
|
HTO
1345
H2O America
HTO
$2.59B
| $9.29M | 0.01% |
164,179
-11,622
| -7% | -$690K |
|
1346
Phinia Inc
PHIN
$2.74B
| $9.26M | 0.01% |
240,960
+241
| +0.1% | +$7.84K |
|
1347
Stewart Information Services
STC
$2.09B
| $9.24M | 0.01% |
142,024
-510
| -0.4% | -$31K |
|
1348
US Physical Therapy
USPH
$1.16B
| $9.23M | 0.01% |
81,736
+346
| +0.4% | +$34.5K |
|
1349
CoreCivic
CXW
$3.19B
| $9.21M | 0.01% |
589,856
-2,261
| -0.4% | -$33K |
|
1350
DaVita
DVA
$11.5B
| $9.2M | 0.01% |
66,630
-1,518
| -2% | -$182K |
|
Similar funds
Principal Financial Group's Q1 2024 Portfolio in Review
As of Q1 2024, Principal Financial Group held 2,542 positions worth $170B, up 8.5% from $157B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Principal Financial Group's Q1 2024 filing shows 124 new, 1,250 increased, 1,019 reduced and 115 closed positions. Its largest new stake was Global X US Infrastructure Development ETF: 2,590,000 shares worth $103M. The largest sale was First Industrial Realty Trust, an estimated $217M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q1 2024 buy was Global X US Infrastructure Development ETF: 2,590,000 shares worth $103M.
- Principal Financial Group added most to American Tower in Q1 2024, an estimated $465M increase.
- Principal Financial Group's biggest Q1 2024 reduction was First Industrial Realty Trust, cutting an estimated $217M.
- Principal Financial Group fully exited Livent Corporation in Q1 2024, selling an estimated $45.7M.
- Principal Financial Group's ten largest holdings make up 18% of its $170B portfolio in Q1 2024.
- Principal Financial Group opened 124 new positions and closed 115 in Q1 2024.
- Principal Financial Group's portfolio value rose 8.5% quarter-over-quarter to $170B.
Based on Principal Financial Group's 13F filing for Q1 2024, filed 29 Apr 2024.