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 |
American Tower
AMT
|
+$465M |
| 2 |
SBA Communications
SBAC
|
+$339M |
| 3 |
CCC
CCC Intelligent Solutions
CCC
|
+$209M |
| 4 |
Equinix
EQIX
|
+$180M |
| 5 |
NNN REIT
NNN
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Industrial Realty Trust
FR
|
+$217M |
| 2 |
Digital Realty Trust
DLR
|
+$209M |
| 3 |
TransDigm Group
TDG
|
+$189M |
| 4 |
Public Storage
PSA
|
+$172M |
| 5 |
Realty Income
O
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.82% |
| 2 | Financials | 15.58% |
| 3 | Real Estate | 14.17% |
| 4 | Consumer Discretionary | 11.56% |
| 5 | Industrials | 11.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VTLE
1476
DELISTED
Vital Energy
VTLE
| $6.76M | ﹤0.01% |
128,582
-384
| -0.3% | -$17.8K |
|
|
KAMN
1477
DELISTED
Kaman Corp
KAMN
| $6.74M | ﹤0.01% |
146,944
-140
| -0.1% | -$5.75K |
|
1478
Ligand Pharmaceuticals
LGND
$5.9B
| $6.73M | ﹤0.01% |
92,124
-686
| -0.7% | -$50.6K |
|
1479
BancFirst
BANF
$3.8B
| $6.7M | ﹤0.01% |
76,151
-276
| -0.4% | -$24.6K |
|
1480
Pathward Financial
CASH
$1.84B
| $6.69M | ﹤0.01% |
132,617
-21,868
| -14% | -$1.11M |
|
1481
FTAI Aviation
FTAI
$22.5B
| $6.68M | ﹤0.01% |
99,250
+1,154
| +1% | +$63.3K |
|
|
PMT
1482
PennyMac Mortgage Investment
PMT
$845M
| $6.6M | ﹤0.01% |
449,784
-2,427
| -0.5% | -$34.7K |
|
|
PARA
1483
DELISTED
Paramount Global Class B
PARA
| $6.59M | ﹤0.01% |
559,491
+9,633
| +2% | +$121K |
|
1484
Digi International
DGII
$3.1B
| $6.55M | ﹤0.01% |
205,238
+4,252
| +2% | +$119K |
|
1485
SiriusPoint
SPNT
$2.69B
| $6.54M | ﹤0.01% |
514,533
+45,514
| +10% | +$542K |
|
1486
Adeia
ADEA
$3.11B
| $6.51M | ﹤0.01% |
596,034
+7,850
| +1% | +$91.6K |
|
|
NVEE
1487
DELISTED
NV5 Global
NVEE
| $6.51M | ﹤0.01% |
265,616
-24,376
| -8% | -$633K |
|
|
VBTX
1488
DELISTED
Veritex Holdings
VBTX
| $6.48M | ﹤0.01% |
316,050
+33,166
| +12% | +$686K |
|
1489
Harmony Biosciences
HRMY
$2.27B
| $6.45M | ﹤0.01% |
192,050
-5,994
| -3% | -$192K |
|
|
WCN
1490
Waste Connections
WCN
$42.4B
| $6.43M | ﹤0.01% |
37,355
-700
| -2% | -$112K |
|
|
KLG
1491
DELISTED
WK Kellogg Co
KLG
| $6.4M | ﹤0.01% |
340,237
+729
| +0.2% | +$10.6K |
|
1492
CGI
GIB
$15.4B
| $6.37M | ﹤0.01% |
57,651
| – | – |
|
1493
Scansource
SCSC
$1.14B
| $6.35M | ﹤0.01% |
144,168
+7,864
| +6% | +$320K |
|
|
ELME
1494
Elme Communities
ELME
$145M
| $6.35M | ﹤0.01% |
456,090
-1,791
| -0.4% | -$25K |
|
|
VRE
1495
DELISTED
Veris Residential
VRE
| $6.33M | ﹤0.01% |
416,164
-1,954
| -0.5% | -$29.6K |
|
1496
Safety Insurance
SAFT
$1.52B
| $6.31M | ﹤0.01% |
76,744
-314
| -0.4% | -$25.5K |
|
1497
XPEL
XPEL
$1.38B
| $6.3M | ﹤0.01% |
116,695
+1,487
| +1% | +$77.9K |
|
1498
Royal Bank of Canada
RY
$292B
| $6.28M | ﹤0.01% |
62,200
-2,800
| -4% | -$276K |
|
1499
Perdoceo Education
PRDO
$2.15B
| $6.27M | ﹤0.01% |
356,848
+3,094
| +0.9% | +$54.7K |
|
1500
Arlo Technologies
ARLO
$1.66B
| $6.23M | ﹤0.01% |
492,283
+466
| +0.1% | +$4.66K |
|
Similar funds
Principal Financial Group's Q1 2024 Portfolio in Review
As of Q1 2024, Principal Financial Group held 2,542 positions worth $170B, up 8.5% from $157B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Principal Financial Group's Q1 2024 filing shows 124 new, 1,250 increased, 1,019 reduced and 115 closed positions. Its largest new stake was Global X US Infrastructure Development ETF: 2,590,000 shares worth $103M. The largest sale was First Industrial Realty Trust, an estimated $217M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q1 2024 buy was Global X US Infrastructure Development ETF: 2,590,000 shares worth $103M.
- Principal Financial Group added most to American Tower in Q1 2024, an estimated $465M increase.
- Principal Financial Group's biggest Q1 2024 reduction was First Industrial Realty Trust, cutting an estimated $217M.
- Principal Financial Group fully exited Livent Corporation in Q1 2024, selling an estimated $45.7M.
- Principal Financial Group's ten largest holdings make up 18% of its $170B portfolio in Q1 2024.
- Principal Financial Group opened 124 new positions and closed 115 in Q1 2024.
- Principal Financial Group's portfolio value rose 8.5% quarter-over-quarter to $170B.
Based on Principal Financial Group's 13F filing for Q1 2024, filed 29 Apr 2024.