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 | |
|---|---|---|---|---|---|---|
1576
Vanguard Russell 1000 Growth ETF
VONG
$44.7B
| $4.41M | ﹤0.01% |
64,426
-7,800
| -11% | -$554K |
|
1577
Lulu's Fashion Lounge
LVLU
$52.4M
| $4.4M | ﹤0.01% |
146,100
-1,642
| -1% | -$56.6K |
|
1578
Vanguard Russell 1000 Value ETF
VONV
$21B
| $4.4M | ﹤0.01% |
66,019
-900
| -1% | -$62.6K |
|
1579
Sonic Automotive
SAH
$2.71B
| $4.39M | ﹤0.01% |
91,967
-2,447
| -3% | -$124K |
|
|
RWT
1580
Redwood Trust
RWT
$569M
| $4.39M | ﹤0.01% |
615,429
-32,458
| -5% | -$239K |
|
1581
CrowdStrike
CRWD
$209B
| $4.38M | ﹤0.01% |
104,776
+2,708
| +3% | +$105K |
|
1582
iShares North American Natural Resources ETF
IGE
$752M
| $4.38M | ﹤0.01% |
105,325
| – | – |
|
1583
Braze
BRZE
$2.88B
| $4.38M | ﹤0.01% |
+93,667
| New | +$4.12M |
|
|
BRKL
1584
DELISTED
Brookline Bancorp
BRKL
| $4.36M | ﹤0.01% |
478,408
-21,016
| -4% | -$203K |
|
1585
Powell Industries
POWL
$7.57B
| $4.34M | ﹤0.01% |
157,143
-4,692
| -3% | -$116K |
|
1586
Thomson Reuters
TRI
$43B
| $4.31M | ﹤0.01% |
34,512
+492
| +1% | +$64.9K |
|
1587
Mativ Holdings
MATV
$649M
| $4.31M | ﹤0.01% |
302,052
-9,889
| -3% | -$158K |
|
1588
WisdomTree
WT
$3.3B
| $4.3M | ﹤0.01% |
614,118
-35,352
| -5% | -$247K |
|
1589
AdaptHealth
AHCO
$835M
| $4.3M | ﹤0.01% |
472,203
+16,695
| +4% | +$200K |
|
1590
Innoviva
INVA
$1.61B
| $4.29M | ﹤0.01% |
330,477
-19,073
| -5% | -$248K |
|
|
SAFE
1591
Safehold
SAFE
$1.15B
| $4.29M | ﹤0.01% |
241,164
+13,371
| +6% | +$289K |
|
1592
Varex Imaging
VREX
$519M
| $4.24M | ﹤0.01% |
225,530
-8,997
| -4% | -$188K |
|
1593
Scansource
SCSC
$1.16B
| $4.21M | ﹤0.01% |
139,045
-5,708
| -4% | -$171K |
|
|
BDN
1594
Brandywine Realty Trust
BDN
$560M
| $4.21M | ﹤0.01% |
928,292
-49,225
| -5% | -$234K |
|
1595
Principal Real Estate Active Opportunities ETF
BYRE
$27.7M
| $4.19M | ﹤0.01% |
199,204
| – | – |
|
|
ADAM
1596
Adamas Trust
ADAM
$851M
| $4.17M | ﹤0.01% |
491,568
-26,235
| -5% | -$248K |
|
1597
Booz Allen Hamilton
BAH
$8.91B
| $4.17M | ﹤0.01% |
38,129
+859
| +2% | +$98.7K |
|
|
CHCT
1598
Community Healthcare Trust
CHCT
$451M
| $4.16M | ﹤0.01% |
139,961
-4,224
| -3% | -$142K |
|
1599
Healthcare Services Group
HCSG
$1.54B
| $4.14M | ﹤0.01% |
396,949
-25,644
| -6% | -$319K |
|
|
SPTN
1600
DELISTED
SpartanNash
SPTN
| $4.12M | ﹤0.01% |
187,380
-12,321
| -6% | -$272K |
|
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.