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 |
Idexx Laboratories
IDXX
|
+$222M |
| 2 |
Welltower
WELL
|
+$174M |
| 3 |
Healthcare Realty
HR
|
+$162M |
| 4 |
Moody's
MCO
|
+$116M |
| 5 |
Equity Lifestyle Properties
ELS
|
+$96M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Principal Exchange-Traded Funds Principal US Small-Cap ETF
PSC
|
+$418M |
| 2 |
Liberty Broadband Class C
LBRDK
|
+$327M |
| 3 |
Principal Investment Grade Corporate Active ETF
IG
|
+$289M |
| 4 |
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
|
+$241M |
| 5 |
Meta Platforms (Facebook)
META
|
+$204M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 17.29% |
| 2 | Technology | 16.21% |
| 3 | Financials | 15.24% |
| 4 | Consumer Discretionary | 11.06% |
| 5 | Industrials | 10.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
BCE
BCE
$20.2B
| $238M | 0.19% |
5,681,157
+396,862
| +8% | +$19.3M |
|
127
Aon
AON
$76.5B
| $237M | 0.19% |
886,053
-4,234
| -0.5% | -$1.2M |
|
128
Corteva
CTVA
$52.6B
| $236M | 0.19% |
4,126,971
-345,195
| -8% | -$20.1M |
|
129
Walmart Inc
WMT
$885B
| $234M | 0.19% |
5,418,525
+6,162
| +0.1% | +$270K |
|
130
Cisco
CSCO
$457B
| $234M | 0.19% |
5,841,189
+193,413
| +3% | +$8.58M |
|
131
TransUnion
TRU
$15.1B
| $232M | 0.18% |
3,894,899
-40,945
| -1% | -$3.15M |
|
132
WIX.com
WIX
$2.3B
| $231M | 0.18% |
2,958,099
-53,447
| -2% | -$3.68M |
|
133
Walt Disney
DIS
$167B
| $228M | 0.18% |
2,418,492
-163,238
| -6% | -$17.5M |
|
134
Marriott Vacations Worldwide
VAC
$3.35B
| $227M | 0.18% |
1,866,689
-23,266
| -1% | -$3.16M |
|
135
McDonald's
MCD
$192B
| $218M | 0.17% |
945,440
-27,403
| -3% | -$7M |
|
136
Bristol-Myers Squibb
BMY
$133B
| $218M | 0.17% |
3,063,606
+27,016
| +0.9% | +$1.96M |
|
137
MSCI
MSCI
$41.6B
| $216M | 0.17% |
511,183
-18,413
| -3% | -$8.43M |
|
138
Magna International
MGA
$18.7B
| $212M | 0.17% |
4,469,533
+673,363
| +18% | +$39.2M |
|
139
Starbucks
SBUX
$120B
| $211M | 0.17% |
2,507,345
-34,353
| -1% | -$2.92M |
|
|
MPT
140
Medical Properties Trust
MPT
$2.77B
| $210M | 0.17% |
17,713,194
-2,596,239
| -13% | -$39.3M |
|
141
Broadstone Net Lease
BNL
$4.11B
| $209M | 0.17% |
13,452,672
+548,884
| +4% | +$11.1M |
|
142
ICICI Bank
IBN
$108B
| $206M | 0.16% |
9,819,725
+109,120
| +1% | +$2.31M |
|
143
Sabra Healthcare REIT
SBRA
$5.34B
| $204M | 0.16% |
15,529,039
-1,450,027
| -9% | -$21.4M |
|
144
Trane Technologies
TT
$100B
| $202M | 0.16% |
1,394,559
+115,946
| +9% | +$17.3M |
|
|
ANSS
145
DELISTED
Ansys
ANSS
| $198M | 0.16% |
894,911
-5,114
| -0.6% | -$1.31M |
|
146
CVS Health
CVS
$133B
| $198M | 0.16% |
2,072,465
+37,481
| +2% | +$3.71M |
|
147
Hyatt Hotels
H
$16.4B
| $197M | 0.16% |
2,429,413
-59,100
| -2% | -$5.03M |
|
148
Brookfield Renewable
BEP
$9.97B
| $194M | 0.15% |
6,211,037
+110,919
| +2% | +$4.1M |
|
149
Xcel Energy
XEL
$48.8B
| $194M | 0.15% |
3,026,769
+6,387
| +0.2% | +$465K |
|
150
Wells Fargo
WFC
$261B
| $191M | 0.15% |
4,743,827
-214,151
| -4% | -$9.2M |
|
Similar funds
Principal Financial Group's Q3 2022 Portfolio in Review
As of Q3 2022, Principal Financial Group held 2,628 positions worth $126B, down 6.9% from $135B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Principal Financial Group's Q3 2022 filing shows 120 new, 733 increased, 1,605 reduced and 136 closed positions. Its largest new stake was iShares 0-5 Year TIPS Bond ETF: 564,225 shares worth $54.2M. The largest sale was Principal Exchange-Traded Funds Principal US Small-Cap ETF, an estimated $418M.
By sector, the portfolio is most concentrated in Real Estate at 17% of assets, down from 18% a quarter earlier, followed by Technology and Financials.
- Principal Financial Group's largest Q3 2022 buy was iShares 0-5 Year TIPS Bond ETF: 564,225 shares worth $54.2M.
- Principal Financial Group added most to Idexx Laboratories in Q3 2022, an estimated $222M increase.
- Principal Financial Group's biggest Q3 2022 reduction was Principal Exchange-Traded Funds Principal US Small-Cap ETF, cutting an estimated $418M.
- Principal Financial Group fully exited Healthcare Realty Trust Incorporated in Q3 2022, selling an estimated $161M.
- Principal Financial Group's ten largest holdings make up 15% of its $126B portfolio in Q3 2022.
- Principal Financial Group opened 120 new positions and closed 136 in Q3 2022.
- Principal Financial Group's portfolio value fell 6.9% quarter-over-quarter to $126B.
Based on Principal Financial Group's 13F filing for Q3 2022, filed 9 Nov 2022.