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 | |
|---|---|---|---|---|---|---|
1576
Digi International
DGII
$2.72B
| $5.34M | ﹤0.01% |
176,546
+4,923
| +3% | +$153K |
|
|
EFC
1577
Ellington Financial
EFC
$1.67B
| $5.32M | ﹤0.01% |
439,312
+29,837
| +7% | +$369K |
|
1578
Monarch Casino & Resort
MCRI
$2.25B
| $5.3M | ﹤0.01% |
67,166
+2,144
| +3% | +$173K |
|
1579
Ichor Holdings
ICHR
$2.48B
| $5.28M | ﹤0.01% |
163,885
+4,851
| +3% | +$150K |
|
1580
Schrodinger
SDGR
$1.17B
| $5.22M | ﹤0.01% |
270,449
+8,138
| +3% | +$158K |
|
1581
F&G Annuities & Life
FG
$3.93B
| $5.2M | ﹤0.01% |
125,582
+5,246
| +4% | +$231K |
|
1582
ANI Pharmaceuticals
ANIP
$1.8B
| $5.18M | ﹤0.01% |
93,777
+3,816
| +4% | +$219K |
|
1583
Innoviva
INVA
$1.54B
| $5.17M | ﹤0.01% |
297,776
+10,999
| +4% | +$211K |
|
1584
Vanguard Russell 1000 Growth ETF
VONG
$44.9B
| $5.14M | ﹤0.01% |
49,744
-6,382
| -11% | -$646K |
|
|
ARR
1585
Armour Residential REIT
ARR
$2.33B
| $5.1M | ﹤0.01% |
270,413
+40,538
| +18% | +$778K |
|
|
BRKL
1586
DELISTED
Brookline Bancorp
BRKL
| $5.1M | ﹤0.01% |
432,069
+12,999
| +3% | +$151K |
|
1587
Nutrien
NTR
$32.1B
| $5.08M | ﹤0.01% |
113,689
-1,741
| -2% | -$82.7K |
|
1588
Dorian LPG
LPG
$1.86B
| $5.07M | ﹤0.01% |
208,027
+9,285
| +5% | +$260K |
|
1589
Mesa Laboratories
MLAB
$566M
| $5.06M | ﹤0.01% |
38,359
+3,252
| +9% | +$399K |
|
1590
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.92B
| $5.05M | ﹤0.01% |
52,937
+37,325
| +239% | +$3.6M |
|
|
HSII
1591
DELISTED
Heidrick & Struggles
HSII
| $5.02M | ﹤0.01% |
113,269
+4,784
| +4% | +$204K |
|
1592
Cars.com
CARS
$668M
| $5.01M | ﹤0.01% |
289,182
+2,522
| +0.9% | +$44.1K |
|
1593
Navient
NAVI
$880M
| $4.98M | ﹤0.01% |
374,879
+3,445
| +0.9% | +$51.5K |
|
1594
iShares Russell Mid-Cap Value ETF
IWS
$16B
| $4.98M | ﹤0.01% |
38,500
-14,100
| -27% | -$1.89M |
|
|
FBRT
1595
Franklin BSP Realty Trust
FBRT
$639M
| $4.98M | ﹤0.01% |
396,888
+11,138
| +3% | +$144K |
|
|
PENG
1596
Penguin Solutions Inc
PENG
$2.96B
| $4.96M | ﹤0.01% |
258,359
+8,961
| +4% | +$164K |
|
1597
Vanguard Russell 1000 Value ETF
VONV
$21.1B
| $4.92M | ﹤0.01% |
60,564
-2,555
| -4% | -$215K |
|
|
NXRT
1598
NexPoint Residential Trust
NXRT
$623M
| $4.9M | ﹤0.01% |
117,305
+4,149
| +4% | +$184K |
|
1599
Principal Real Estate Active Opportunities ETF
BYRE
$27.7M
| $4.89M | ﹤0.01% |
199,204
| – | – |
|
1600
National Beverage
FIZZ
$2.97B
| $4.87M | ﹤0.01% |
114,190
+3,352
| +3% | +$157K |
|
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.