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 | |
|---|---|---|---|---|---|---|
1426
A10 Networks
ATEN
$1.99B
| $6.78M | 0.01% |
407,865
-27,319
| -6% | -$468K |
|
1427
Navient
NAVI
$892M
| $6.77M | 0.01% |
411,683
-19,035
| -4% | -$301K |
|
1428
Photronics
PLAB
$1.88B
| $6.76M | 0.01% |
401,908
+5,577
| +1% | +$95.1K |
|
|
PMT
1429
PennyMac Mortgage Investment
PMT
$814M
| $6.74M | 0.01% |
543,960
-14,939
| -3% | -$203K |
|
1430
Southside Bancshares
SBSI
$974M
| $6.72M | 0.01% |
186,635
-1,591
| -0.8% | -$56.4K |
|
1431
The Greenbrier Companies
GBX
$1.48B
| $6.71M | 0.01% |
200,060
-512
| -0.3% | -$17K |
|
|
SPTN
1432
DELISTED
SpartanNash
SPTN
| $6.7M | 0.01% |
221,670
-7,277
| -3% | -$237K |
|
1433
National Beverage
FIZZ
$2.99B
| $6.7M | 0.01% |
143,930
-1,022
| -0.7% | -$48K |
|
1434
Amphastar Pharmaceuticals
AMPH
$873M
| $6.7M | 0.01% |
238,952
-5,791
| -2% | -$168K |
|
1435
Wabash National
WNC
$512M
| $6.68M | 0.01% |
295,526
-5,495
| -2% | -$119K |
|
|
RC
1436
Ready Capital
RC
$279M
| $6.67M | 0.01% |
599,180
-89,385
| -13% | -$1.08M |
|
1437
AdvanSix
ASIX
$543M
| $6.67M | 0.01% |
175,527
-2,525
| -1% | -$94.6K |
|
1438
Andersons Inc
ANDE
$2.31B
| $6.67M | 0.01% |
190,527
-11,086
| -5% | -$394K |
|
1439
US Physical Therapy
USPH
$1.16B
| $6.66M | 0.01% |
82,183
-1,727
| -2% | -$145K |
|
|
BRKL
1440
DELISTED
Brookline Bancorp
BRKL
| $6.66M | 0.01% |
470,506
-28,195
| -6% | -$377K |
|
1441
Iovance Biotherapeutics
IOVA
$2.77B
| $6.59M | 0.01% |
1,031,591
-35,841
| -3% | -$280K |
|
|
RCM
1442
DELISTED
R1 RCM Inc. Common Stock
RCM
| $6.54M | ﹤0.01% |
597,247
+55,425
| +10% | +$704K |
|
|
BDN
1443
Brandywine Realty Trust
BDN
$554M
| $6.53M | ﹤0.01% |
1,061,752
-3,700,364
| -78% | -$23.8M |
|
1444
Mohawk Industries
MHK
$8.97B
| $6.52M | ﹤0.01% |
63,786
-2,267
| -3% | -$222K |
|
1445
Allegiant Air
ALGT
$2.61B
| $6.52M | ﹤0.01% |
95,830
+396
| +0.4% | +$28.9K |
|
|
FBRT
1446
Franklin BSP Realty Trust
FBRT
$635M
| $6.5M | ﹤0.01% |
503,642
-34,982
| -6% | -$468K |
|
1447
Vital Farms
VITL
$536M
| $6.45M | ﹤0.01% |
432,568
+28,621
| +7% | +$395K |
|
1448
Helix Energy Solutions
HLX
$1.45B
| $6.44M | ﹤0.01% |
872,134
-6,953
| -0.8% | -$41.8K |
|
|
NXGN
1449
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $6.44M | ﹤0.01% |
342,680
-16,488
| -5% | -$318K |
|
1450
Preferred Bank
PFBC
$1.25B
| $6.41M | ﹤0.01% |
85,851
-2,439
| -3% | -$178K |
|
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.