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 |
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
|
+$420M |
| 2 |
Meta Platforms (Facebook)
META
|
+$299M |
| 3 |
LPL Financial
LPLA
|
+$196M |
| 4 |
Vulcan Materials
VMC
|
+$181M |
| 5 |
Healthpeak Properties
DOC
|
+$178M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$811M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$586M |
| 3 |
Progressive
PGR
|
+$395M |
| 4 |
Netflix
NFLX
|
+$355M |
| 5 |
CarMax
KMX
|
+$270M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.35% |
| 2 | Financials | 16.54% |
| 3 | Real Estate | 12.06% |
| 4 | Consumer Discretionary | 11.39% |
| 5 | Industrials | 10.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BDN
1526
Brandywine Realty Trust
BDN
$530M
| $5.68M | ﹤0.01% |
1,324,253
+464,498
| +54% | +$1.93M |
|
|
BBT
1527
Beacon Financial Corp
BBT
$2.66B
| $5.67M | ﹤0.01% |
226,316
-619
| -0.3% | -$15.4K |
|
|
CALY
1528
Callaway Golf Company
CALY
$3.04B
| $5.64M | ﹤0.01% |
700,909
-4,061
| -0.6% | -$27.9K |
|
1529
Schneider National
SNDR
$6.18B
| $5.6M | ﹤0.01% |
231,989
-1,671
| -0.7% | -$38.8K |
|
1530
AvePoint
AVPT
$2.75B
| $5.59M | ﹤0.01% |
289,563
+211,167
| +269% | +$3.66M |
|
1531
Schrodinger
SDGR
$1.4B
| $5.58M | ﹤0.01% |
277,177
+462
| +0.2% | +$10.5K |
|
1532
Sally Beauty Holdings
SBH
$1.57B
| $5.56M | ﹤0.01% |
600,447
+40,084
| +7% | +$345K |
|
1533
Blackbaud
BLKB
$2.09B
| $5.56M | ﹤0.01% |
86,579
-12,430
| -13% | -$777K |
|
|
TWO
1534
Two Harbors Investment
TWO
$1.26B
| $5.56M | ﹤0.01% |
515,964
-380
| -0.1% | -$4.28K |
|
1535
iShares Russell Mid-Cap ETF
IWR
$57.5B
| $5.55M | ﹤0.01% |
60,349
-10,221
| -14% | -$883K |
|
1536
Middlesex Water
MSEX
$1.09B
| $5.55M | ﹤0.01% |
102,432
+13,499
| +15% | +$799K |
|
|
PMT
1537
PennyMac Mortgage Investment
PMT
$818M
| $5.55M | ﹤0.01% |
431,446
-117,894
| -21% | -$1.5M |
|
1538
MaxLinear
MXL
$6.21B
| $5.54M | ﹤0.01% |
389,965
+5,288
| +1% | +$61K |
|
1539
Astrana Health
ASTH
$1.86B
| $5.53M | ﹤0.01% |
222,374
+478
| +0.2% | +$13.5K |
|
1540
Hilton Grand Vacations
HGV
$3.31B
| $5.52M | ﹤0.01% |
132,889
-12,366
| -9% | -$467K |
|
1541
Concentrix
CNXC
$1.56B
| $5.52M | ﹤0.01% |
104,343
-2,425
| -2% | -$128K |
|
1542
iShares Russell 1000 Value ETF
IWD
$84.2B
| $5.5M | ﹤0.01% |
28,325
-2,891
| -9% | -$535K |
|
|
DVAX
1543
DELISTED
Dynavax Technologies
DVAX
| $5.49M | ﹤0.01% |
553,562
-57,318
| -9% | -$604K |
|
1544
Edgewell Personal Care
EPC
$1.29B
| $5.46M | ﹤0.01% |
233,205
-28,707
| -11% | -$796K |
|
1545
Carter's
CRI
$1.48B
| $5.44M | ﹤0.01% |
180,629
+1,670
| +0.9% | +$56.6K |
|
1546
Healthcare Services Group
HCSG
$1.5B
| $5.44M | ﹤0.01% |
361,649
-4,311
| -1% | -$57.2K |
|
1547
Protolabs
PRLB
$2.14B
| $5.42M | ﹤0.01% |
135,335
+13,278
| +11% | +$495K |
|
1548
Principal Spectrum Preferred Securities Active ETF
PREF
$1.78B
| $5.38M | ﹤0.01% |
284,025
+53,849
| +23% | +$1M |
|
|
AAT
1549
American Assets Trust
AAT
$1.38B
| $5.37M | ﹤0.01% |
271,678
+13,151
| +5% | +$256K |
|
1550
Harmonic Inc
HLIT
$1.26B
| $5.31M | ﹤0.01% |
560,812
-23,131
| -4% | -$211K |
|
Similar funds
Principal Financial Group's Q2 2025 Portfolio in Review
As of Q2 2025, Principal Financial Group held 2,339 positions worth $189B, up 6.2% from $178B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Principal Financial Group's Q2 2025 filing shows 168 new, 694 increased, 1,347 reduced and 115 closed positions. Its largest new stake was State Street SPDR Portfolio High Yield Bond ETF: 2,146,080 shares worth $51.1M. The largest sale was iShares Core S&P 500 ETF, an estimated $811M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 18% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q2 2025 buy was State Street SPDR Portfolio High Yield Bond ETF: 2,146,080 shares worth $51.1M.
- Principal Financial Group added most to Principal Exchange-Traded Funds Principal US Mega-Cap ETF in Q2 2025, an estimated $420M increase.
- Principal Financial Group's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $811M.
- Principal Financial Group fully exited Discover Financial Services in Q2 2025, selling an estimated $53.1M.
- Principal Financial Group's ten largest holdings make up 21% of its $189B portfolio in Q2 2025.
- Principal Financial Group opened 168 new positions and closed 115 in Q2 2025.
- Principal Financial Group's portfolio value rose 6.2% quarter-over-quarter to $189B.
Based on Principal Financial Group's 13F filing for Q2 2025, filed 8 Aug 2025.