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 |
Equinix
EQIX
|
+$334M |
| 2 |
Welltower
WELL
|
+$214M |
| 3 |
Brookfield
BN
|
+$175M |
| 4 |
Extra Space Storage
EXR
|
+$158M |
| 5 |
MSCI
MSCI
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BKI
Black Knight, Inc. Common Stock
BKI
|
+$373M |
| 2 |
Dollar General
DG
|
+$238M |
| 3 |
Moody's
MCO
|
+$192M |
| 4 |
CubeSmart
CUBE
|
+$184M |
| 5 |
Equity Lifestyle Properties
ELS
|
+$166M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.93% |
| 2 | Financials | 15.34% |
| 3 | Real Estate | 15.22% |
| 4 | Consumer Discretionary | 11.31% |
| 5 | Industrials | 11.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DISH
1351
DELISTED
DISH Network Corp.
DISH
| $7.73M | 0.01% |
1,319,964
-108,735
| -8% | -$741K |
|
1352
Ironwood Pharmaceuticals
IRWD
$701M
| $7.72M | 0.01% |
801,849
-6,708
| -0.8% | -$65.7K |
|
1353
Lumen
LUMN
$6.09B
| $7.71M | 0.01% |
5,433,036
+173,547
| +3% | +$294K |
|
|
IBTX
1354
DELISTED
Independent Bank Group, Inc.
IBTX
| $7.67M | 0.01% |
193,841
-8,173
| -4% | -$334K |
|
1355
Cheesecake Factory
CAKE
$5.34B
| $7.65M | 0.01% |
252,449
-19,603
| -7% | -$653K |
|
1356
Knowles
KN
$3.36B
| $7.64M | 0.01% |
515,716
-19,159
| -4% | -$314K |
|
1357
City Holding Co
CHCO
$2.04B
| $7.63M | 0.01% |
84,503
-3,566
| -4% | -$331K |
|
1358
Hilltop Holdings
HTH
$2.25B
| $7.63M | 0.01% |
269,063
-5,619
| -2% | -$170K |
|
|
VGR
1359
DELISTED
Vector Group Ltd.
VGR
| $7.61M | 0.01% |
715,443
-39,826
| -5% | -$462K |
|
1360
State Street SPDR S&P 500 ESG ETF
EFIV
$1.03B
| $7.61M | 0.01% |
183,449
+77,656
| +73% | +$3.36M |
|
1361
Ralph Lauren
RL
$23.6B
| $7.61M | 0.01% |
65,555
-1,735
| -3% | -$210K |
|
1362
OFG Bancorp
OFG
$2.24B
| $7.6M | 0.01% |
254,374
-15,937
| -6% | -$486K |
|
1363
Tennant Co
TNC
$1.31B
| $7.59M | 0.01% |
102,403
-4,657
| -4% | -$371K |
|
1364
US Physical Therapy
USPH
$1.16B
| $7.59M | 0.01% |
82,696
-2,696
| -3% | -$290K |
|
1365
Triumph Financial Inc
TFIN
$1.81B
| $7.57M | 0.01% |
116,781
-8,103
| -6% | -$535K |
|
1366
Agilysys
AGYS
$3.03B
| $7.52M | 0.01% |
113,619
-3,156
| -3% | -$219K |
|
1367
Brinker International
EAT
$9.75B
| $7.49M | 0.01% |
237,185
-15,164
| -6% | -$531K |
|
1368
TTM Technologies
TTMI
$14.2B
| $7.46M | 0.01% |
579,448
-16,424
| -3% | -$229K |
|
1369
PennyMac Financial
PFSI
$4B
| $7.44M | 0.01% |
111,664
+11,355
| +11% | +$817K |
|
|
CALY
1370
Callaway Golf Company
CALY
$3.1B
| $7.44M | 0.01% |
537,255
-11,164
| -2% | -$196K |
|
|
HBI
1371
DELISTED
Hanesbrands
HBI
| $7.43M | 0.01% |
1,875,285
-112,771
| -6% | -$546K |
|
|
PARA
1372
DELISTED
Paramount Global Class B
PARA
| $7.43M | 0.01% |
575,592
-25,515
| -4% | -$378K |
|
1373
Northwest Natural Holdings
NWN
$2.14B
| $7.42M | 0.01% |
194,544
-10,006
| -5% | -$411K |
|
1374
La-Z-Boy
LZB
$1.63B
| $7.42M | 0.01% |
240,240
-9,561
| -4% | -$294K |
|
1375
Invesco
IVZ
$14B
| $7.38M | 0.01% |
508,202
-32,778
| -6% | -$528K |
|
Similar funds
Principal Financial Group's Q3 2023 Portfolio in Review
As of Q3 2023, Principal Financial Group held 2,502 positions worth $139B, down 4.9% from $146B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Principal Financial Group's Q3 2023 filing shows 85 new, 937 increased, 1,382 reduced and 66 closed positions. Its largest new stake was TKO Group: 1,062,731 shares worth $89.3M. The largest sale was Black Knight, Inc. Common Stock, an estimated $373M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 18% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q3 2023 buy was TKO Group: 1,062,731 shares worth $89.3M.
- Principal Financial Group added most to Equinix in Q3 2023, an estimated $334M increase.
- Principal Financial Group's biggest Q3 2023 reduction was Dollar General, cutting an estimated $238M.
- Principal Financial Group fully exited Black Knight, Inc. Common Stock in Q3 2023, selling an estimated $373M.
- Principal Financial Group's ten largest holdings make up 17% of its $139B portfolio in Q3 2023.
- Principal Financial Group opened 85 new positions and closed 66 in Q3 2023.
- Principal Financial Group's portfolio value fell 4.9% quarter-over-quarter to $139B.
Based on Principal Financial Group's 13F filing for Q3 2023, filed 2 Nov 2023.