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 | |
|---|---|---|---|---|---|---|
1351
Royal Bank of Canada
RY
$294B
| $8.12M | 0.01% |
86,471
-2,686
| -3% | -$254K |
|
1352
Stride
LRN
$3.4B
| $8.11M | 0.01% |
259,203
+1,181
| +0.5% | +$43.4K |
|
1353
St. Joe Company
JOE
$3.84B
| $8.07M | 0.01% |
208,702
-7,434
| -3% | -$266K |
|
|
IRBT
1354
DELISTED
iRobot
IRBT
| $8.06M | 0.01% |
167,521
-1,089
| -0.6% | -$57.6K |
|
1355
PRA Group
PRAA
$692M
| $8.04M | 0.01% |
238,100
-19,020
| -7% | -$627K |
|
1356
Design Therapeutics
DSGN
$862M
| $8.03M | 0.01% |
782,709
-37,277
| -5% | -$505K |
|
1357
Clearfield
CLFD
$362M
| $8.03M | 0.01% |
85,298
+10,797
| +14% | +$1.14M |
|
1358
OFG Bancorp
OFG
$2.24B
| $8.02M | 0.01% |
290,962
-13,970
| -5% | -$384K |
|
1359
Palomar
PLMR
$3.63B
| $8.01M | 0.01% |
177,403
+20,870
| +13% | +$1.42M |
|
|
STEL
1360
DELISTED
Stellar Bancorp
STEL
| $8.01M | 0.01% |
271,853
-4,722
| -2% | -$146K |
|
1361
Global Net Lease
GNL
$1.91B
| $7.97M | 0.01% |
634,198
-5,240
| -0.8% | -$65K |
|
1362
Virtus Investment Partners
VRTS
$1.09B
| $7.96M | 0.01% |
41,602
-2,643
| -6% | -$473K |
|
|
PXUS
1363
DELISTED
Principal International Adaptive Multi-Factor ETF
PXUS
| $7.96M | 0.01% |
391,682
+1,681
| +0.4% | +$32.8K |
|
1364
Universal Corp
UVV
$1.27B
| $7.92M | 0.01% |
150,009
-5,943
| -4% | -$309K |
|
|
DEA
1365
Easterly Government Properties
DEA
$1.18B
| $7.91M | 0.01% |
221,829
-2,164
| -1% | -$84.2K |
|
1366
CTS Corp
CTS
$1.89B
| $7.91M | 0.01% |
200,593
-1,610
| -0.8% | -$66.2K |
|
|
FFWM
1367
DELISTED
First Foundation Inc
FFWM
| $7.9M | 0.01% |
551,152
-715,123
| -56% | -$11.1M |
|
|
AVNS
1368
DELISTED
Avanos Medical
AVNS
| $7.87M | 0.01% |
290,858
-12,220
| -4% | -$299K |
|
1369
OSI Systems
OSIS
$3.91B
| $7.87M | 0.01% |
98,967
+1,042
| +1% | +$84.8K |
|
1370
Vericel Corp
VCEL
$2.29B
| $7.86M | 0.01% |
298,229
+313
| +0.1% | +$7.45K |
|
1371
Talos Energy
TALO
$2.35B
| $7.85M | 0.01% |
415,977
+11,314
| +3% | +$227K |
|
1372
Kaiser Aluminum
KALU
$2.8B
| $7.83M | 0.01% |
103,028
+4,219
| +4% | +$338K |
|
1373
PMV Pharmaceuticals
PMVP
$62.9M
| $7.79M | 0.01% |
895,866
-52,010
| -5% | -$554K |
|
1374
CrowdStrike
CRWD
$211B
| $7.77M | 0.01% |
295,200
+192,144
| +186% | +$6.58M |
|
1375
RXO
RXO
$3.34B
| $7.76M | 0.01% |
+451,293
| New | +$8.01M |
|
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.