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 |
iShares Core S&P 500 ETF
IVV
|
+$746M |
| 2 |
Healthpeak Properties
DOC
|
+$375M |
| 3 |
Arthur J. Gallagher & Co
AJG
|
+$325M |
| 4 |
Equity Lifestyle Properties
ELS
|
+$266M |
| 5 |
TransDigm Group
TDG
|
+$244M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Adobe
ADBE
|
+$566M |
| 2 |
SBA Communications
SBAC
|
+$491M |
| 3 |
Brookfield
BN
|
+$385M |
| 4 |
Alexandria Real Estate Equities
ARE
|
+$327M |
| 5 |
Sun Communities
SUI
|
+$299M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.17% |
| 2 | Financials | 16.62% |
| 3 | Real Estate | 12.83% |
| 4 | Consumer Discretionary | 11.84% |
| 5 | Industrials | 10.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1551
Royal Bank of Canada
RY
$290B
| $5.71M | ﹤0.01% |
47,400
-5,800
| -11% | -$716K |
|
1552
Sally Beauty Holdings
SBH
$1.58B
| $5.7M | ﹤0.01% |
545,850
+15,998
| +3% | +$205K |
|
1553
Capri Holdings
CPRI
$1.9B
| $5.7M | ﹤0.01% |
270,691
-1,773
| -0.7% | -$48.2K |
|
1554
Cracker Barrel
CBRL
$1.28B
| $5.7M | ﹤0.01% |
107,820
+2,988
| +3% | +$148K |
|
|
BCYC
1555
Bicycle Therapeutics
BCYC
$275M
| $5.69M | ﹤0.01% |
406,470
-36,671
| -8% | -$786K |
|
1556
AMN Healthcare
AMN
$1.29B
| $5.69M | ﹤0.01% |
237,890
+11,586
| +5% | +$368K |
|
1557
Enovis
ENOV
$1.78B
| $5.67M | ﹤0.01% |
129,174
-1,005
| -0.8% | -$44.1K |
|
1558
Oxford Industries
OXM
$579M
| $5.66M | ﹤0.01% |
71,850
+2,137
| +3% | +$168K |
|
1559
Certara
CERT
$1.21B
| $5.66M | ﹤0.01% |
531,445
+15,739
| +3% | +$171K |
|
1560
Hilton Grand Vacations
HGV
$3.59B
| $5.65M | ﹤0.01% |
145,147
-5,646
| -4% | -$222K |
|
|
RC
1561
Ready Capital
RC
$287M
| $5.57M | ﹤0.01% |
816,942
+24,406
| +3% | +$175K |
|
1562
Pitney Bowes
PBI
$2.52B
| $5.56M | ﹤0.01% |
768,373
+30,658
| +4% | +$228K |
|
1563
Scansource
SCSC
$1.2B
| $5.52M | ﹤0.01% |
116,371
+182
| +0.2% | +$8.9K |
|
1564
Encore Capital Group
ECPG
$2.05B
| $5.49M | ﹤0.01% |
114,862
+3,197
| +3% | +$152K |
|
1565
Arlo Technologies
ARLO
$1.73B
| $5.47M | ﹤0.01% |
489,270
+16,211
| +3% | +$189K |
|
|
DEA
1566
Easterly Government Properties
DEA
$1.18B
| $5.47M | ﹤0.01% |
192,622
+10,068
| +6% | +$320K |
|
1567
Sprinklr
CXM
$1.56B
| $5.45M | ﹤0.01% |
644,945
-17,554
| -3% | -$140K |
|
1568
Arrowhead Research
ARWR
$12.6B
| $5.43M | ﹤0.01% |
288,884
-2,110
| -0.7% | -$43.5K |
|
1569
Check Point Software Technologies
CHKP
$12.7B
| $5.43M | ﹤0.01% |
29,076
-1,973
| -6% | -$372K |
|
1570
Vicor
VICR
$10.4B
| $5.42M | ﹤0.01% |
112,125
+3,453
| +3% | +$172K |
|
|
DMC
1571
Del Monte Corp
DMC
$1.41B
| $5.4M | ﹤0.01% |
162,751
+4,542
| +3% | +$146K |
|
1572
Worthington Steel
WS
$1.93B
| $5.4M | ﹤0.01% |
169,767
+6,010
| +4% | +$234K |
|
|
CALY
1573
Callaway Golf Company
CALY
$3.52B
| $5.4M | ﹤0.01% |
686,480
+19,257
| +3% | +$175K |
|
|
JWN
1574
DELISTED
Nordstrom
JWN
| $5.38M | ﹤0.01% |
222,644
-1,015
| -0.5% | -$23.4K |
|
|
ARI
1575
Apollo Commercial Real Estate
ARI
$889M
| $5.34M | ﹤0.01% |
617,114
+16,040
| +3% | +$144K |
|
Similar funds
Principal Financial Group's Q4 2024 Portfolio in Review
As of Q4 2024, Principal Financial Group held 2,270 positions worth $183B, up 0.13% from $183B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Trading was light in Q4 2024: portfolio turnover was 4.8%. Principal Financial Group opened 48 new positions and exited 62, leaving the 2,270-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q4 2024 buy was SPDR Gold MiniShares Trust: 1,757,205 shares worth $91.4M.
- Principal Financial Group added most to iShares Core S&P 500 ETF in Q4 2024, an estimated $746M increase.
- Principal Financial Group's biggest Q4 2024 reduction was Adobe, cutting an estimated $566M.
- Principal Financial Group fully exited Portillo's in Q4 2024, selling an estimated $24.1M.
- Principal Financial Group's ten largest holdings make up 20% of its $183B portfolio in Q4 2024.
- Principal Financial Group opened 48 new positions and closed 62 in Q4 2024.
- Principal Financial Group's portfolio value rose 0.13% quarter-over-quarter to $183B.
Based on Principal Financial Group's 13F filing for Q4 2024, filed 31 Jan 2025.