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 | |
|---|---|---|---|---|---|---|
|
ALEX
1426
DELISTED
Alexander & Baldwin
ALEX
| $6.55M | ﹤0.01% |
391,357
-21,006
| -5% | -$381K |
|
1427
Harmony Biosciences
HRMY
$2.26B
| $6.55M | ﹤0.01% |
199,750
+16,260
| +9% | +$564K |
|
1428
DaVita
DVA
$11.5B
| $6.52M | ﹤0.01% |
68,939
-1,861
| -3% | -$190K |
|
1429
Lakeland Financial Corp
LKFN
$1.55B
| $6.5M | ﹤0.01% |
136,986
-7,521
| -5% | -$389K |
|
|
CMA
1430
DELISTED
Comerica
CMA
| $6.49M | ﹤0.01% |
156,158
+4,978
| +3% | +$236K |
|
1431
Horace Mann Educators
HMN
$2.19B
| $6.47M | ﹤0.01% |
220,159
-11,882
| -5% | -$345K |
|
1432
Stewart Information Services
STC
$2.09B
| $6.46M | ﹤0.01% |
147,484
-7,462
| -5% | -$337K |
|
|
ELME
1433
Elme Communities
ELME
$145M
| $6.46M | ﹤0.01% |
473,283
-25,049
| -5% | -$388K |
|
1434
Ferguson
FERG
$49.1B
| $6.44M | ﹤0.01% |
39,178
+17,777
| +83% | +$2.81M |
|
1435
Kaiser Aluminum
KALU
$2.8B
| $6.44M | ﹤0.01% |
85,609
-5,303
| -6% | -$402K |
|
1436
UFP Technologies
UFPT
$2.41B
| $6.44M | ﹤0.01% |
39,879
-1,055
| -3% | -$185K |
|
1437
Comstock Resources
CRK
$3.88B
| $6.4M | ﹤0.01% |
580,268
+6,319
| +1% | +$74.5K |
|
1438
The GEO Group
GEO
$4.03B
| $6.38M | ﹤0.01% |
779,986
+786
| +0.1% | +$5.75K |
|
|
DEA
1439
Easterly Government Properties
DEA
$1.18B
| $6.36M | ﹤0.01% |
222,423
-2,971
| -1% | -$102K |
|
1440
Adeia
ADEA
$3.12B
| $6.36M | ﹤0.01% |
595,050
-26,264
| -4% | -$279K |
|
1441
Zions Bancorporation
ZION
$10.3B
| $6.3M | ﹤0.01% |
180,692
-1,135
| -0.6% | -$39.6K |
|
1442
Middlesex Water
MSEX
$1.08B
| $6.29M | ﹤0.01% |
94,928
-5,774
| -6% | -$445K |
|
1443
Marten Transport
MRTN
$1.21B
| $6.29M | ﹤0.01% |
319,074
-15,824
| -5% | -$335K |
|
1444
Allegiant Air
ALGT
$2.61B
| $6.27M | ﹤0.01% |
81,556
-7,442
| -8% | -$765K |
|
1445
Universal Corp
UVV
$1.27B
| $6.26M | ﹤0.01% |
132,665
-6,773
| -5% | -$327K |
|
1446
Vanguard Morningstar Mid-Cap ETF
VO
$108B
| $6.24M | ﹤0.01% |
119,828
+35,080
| +41% | +$1.92M |
|
1447
Perdoceo Education
PRDO
$2.03B
| $6.21M | ﹤0.01% |
362,976
-26,470
| -7% | -$403K |
|
1448
Westamerica Bancorp
WABC
$1.37B
| $6.2M | ﹤0.01% |
143,277
-8,252
| -5% | -$369K |
|
1449
Liberty Live Group Series C
LLYVK
$9.54B
| $6.16M | ﹤0.01% |
+191,919
| New | +$6.36M |
|
1450
AZZ Inc
AZZ
$4.53B
| $6.15M | ﹤0.01% |
134,966
-6,763
| -5% | -$310K |
|
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.