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 | |
|---|---|---|---|---|---|---|
1401
United Natural Foods
UNFI
$2.93B
| $7.93M | ﹤0.01% |
290,485
+10,215
| +4% | +$235K |
|
1402
Harley-Davidson
HOG
$2.78B
| $7.92M | ﹤0.01% |
263,007
-11,684
| -4% | -$387K |
|
1403
Winnebago Industries
WGO
$909M
| $7.92M | ﹤0.01% |
165,680
+7,689
| +5% | +$436K |
|
1404
Progyny
PGNY
$2.49B
| $7.91M | ﹤0.01% |
458,580
-419,185
| -48% | -$6.51M |
|
|
UCTT
1405
Ultra Clean Holdings
UCTT
$3.72B
| $7.9M | ﹤0.01% |
219,821
+6,546
| +3% | +$242K |
|
1406
TripAdvisor
TRIP
$1.62B
| $7.89M | ﹤0.01% |
534,304
+18,223
| +4% | +$266K |
|
1407
Photronics
PLAB
$1.89B
| $7.88M | ﹤0.01% |
334,581
+11,808
| +4% | +$289K |
|
1408
BorgWarner
BWA
$13.8B
| $7.87M | ﹤0.01% |
247,481
-14,359
| -5% | -$489K |
|
1409
Trupanion
TRUP
$1.07B
| $7.87M | ﹤0.01% |
163,188
+5,412
| +3% | +$278K |
|
1410
Pebblebrook Hotel Trust
PEB
$2.18B
| $7.87M | ﹤0.01% |
580,443
-917,330
| -61% | -$12.1M |
|
1411
Helen of Troy
HELE
$691M
| $7.86M | ﹤0.01% |
131,305
+6,471
| +5% | +$430K |
|
|
THS
1412
DELISTED
Treehouse Foods
THS
| $7.85M | ﹤0.01% |
223,522
+3,238
| +1% | +$118K |
|
1413
Xencor
XNCR
$1.47B
| $7.82M | ﹤0.01% |
340,145
+48,229
| +17% | +$1.11M |
|
1414
Amphastar Pharmaceuticals
AMPH
$890M
| $7.72M | ﹤0.01% |
207,978
+5,961
| +3% | +$273K |
|
1415
S&T Bancorp
STBA
$1.85B
| $7.71M | ﹤0.01% |
201,695
+7,027
| +4% | +$287K |
|
1416
Northwest Natural Holdings
NWN
$2.07B
| $7.7M | ﹤0.01% |
194,517
+12,257
| +7% | +$500K |
|
1417
Franklin Resources
BEN
$17.8B
| $7.69M | ﹤0.01% |
378,831
-2,361
| -0.6% | -$49.7K |
|
1418
EPR Properties
EPR
$4.66B
| $7.69M | ﹤0.01% |
173,583
-1,680
| -1% | -$77K |
|
1419
Interface
TILE
$2.05B
| $7.68M | ﹤0.01% |
315,596
+11,546
| +4% | +$265K |
|
1420
MSC Industrial Direct
MSM
$7.1B
| $7.67M | ﹤0.01% |
102,664
-1,445
| -1% | -$119K |
|
1421
Roku
ROKU
$21.7B
| $7.66M | ﹤0.01% |
103,032
+94,497
| +1,107% | +$7.16M |
|
1422
WisdomTree
WT
$3.35B
| $7.65M | ﹤0.01% |
728,345
+19,503
| +3% | +$211K |
|
|
DVAX
1423
DELISTED
Dynavax Technologies
DVAX
| $7.62M | ﹤0.01% |
596,590
+18,863
| +3% | +$228K |
|
1424
Envista
NVST
$4.56B
| $7.61M | ﹤0.01% |
394,540
-3,906
| -1% | -$77.2K |
|
1425
Westamerica Bancorp
WABC
$1.38B
| $7.6M | ﹤0.01% |
144,864
+5,368
| +4% | +$287K |
|
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.