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 |
Digital Realty Trust
DLR
|
+$405M |
| 2 |
Brookfield Asset Management
BAM
|
+$375M |
| 3 |
Gaming and Leisure Properties
GLPI
|
+$239M |
| 4 |
Welltower
WELL
|
+$218M |
| 5 |
American Tower
AMT
|
+$170M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
STOR
STORE Capital Corporation
STOR
|
+$364M |
| 2 |
Brookfield
BN
|
+$235M |
| 3 |
Equinix
EQIX
|
+$232M |
| 4 |
Guidewire Software
GWRE
|
+$191M |
| 5 |
Liberty Broadband Class C
LBRDK
|
+$151M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 16.55% |
| 2 | Technology | 15.79% |
| 3 | Financials | 15.77% |
| 4 | Industrials | 10.84% |
| 5 | Consumer Discretionary | 10.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1626
iShares US Real Estate ETF
IYR
$4.64B
| $3.73M | ﹤0.01% |
44,288
+18,581
| +72% | +$1.56M |
|
1627
Infosys
INFY
$48.9B
| $3.72M | ﹤0.01% |
206,458
-10,710
| -5% | -$199K |
|
1628
G-III Apparel Group
GIII
$1.53B
| $3.7M | ﹤0.01% |
270,122
-3,344
| -1% | -$56.3K |
|
1629
Kelly Services Class A
KELYA
$533M
| $3.69M | ﹤0.01% |
218,567
+5,426
| +3% | +$86.9K |
|
1630
Dorian LPG
LPG
$1.87B
| $3.69M | ﹤0.01% |
194,787
-14,353
| -7% | -$257K |
|
1631
HealthStream
HSTM
$811M
| $3.67M | ﹤0.01% |
147,595
-4,639
| -3% | -$111K |
|
|
CLDT
1632
Chatham Lodging
CLDT
$617M
| $3.66M | ﹤0.01% |
298,324
-2,843
| -0.9% | -$35.1K |
|
1633
CEVA Inc
CEVA
$977M
| $3.65M | ﹤0.01% |
142,805
-1,165
| -0.8% | -$31.4K |
|
1634
F&G Annuities & Life
FG
$3.65B
| $3.65M | ﹤0.01% |
+182,254
| New | +$3.71M |
|
1635
Central Pacific Financial
CPF
$1.02B
| $3.65M | ﹤0.01% |
179,816
+105
| +0.1% | +$2.16K |
|
1636
Interface
TILE
$2.04B
| $3.65M | ﹤0.01% |
369,314
+1,217
| +0.3% | +$12.8K |
|
1637
Freshpet
FRPT
$3.41B
| $3.64M | ﹤0.01% |
68,939
+63,780
| +1,236% | +$3.8M |
|
1638
Genesco
GCO
$437M
| $3.64M | ﹤0.01% |
78,997
-4,013
| -5% | -$182K |
|
1639
Toast
TOST
$20.2B
| $3.63M | ﹤0.01% |
201,246
+172,502
| +600% | +$3.24M |
|
1640
United Fire Group
UFCS
$1.41B
| $3.63M | ﹤0.01% |
132,518
-1,084
| -0.8% | -$31.6K |
|
1641
Canadian Imperial Bank of Commerce
CM
$109B
| $3.63M | ﹤0.01% |
89,684
+4,700
| +6% | +$207K |
|
1642
Trip.com Group
TCOM
$29B
| $3.62M | ﹤0.01% |
105,348
+1,079
| +1% | +$31K |
|
|
CSII
1643
DELISTED
Cardiovascular Systems, Inc.
CSII
| $3.59M | ﹤0.01% |
263,605
-641
| -0.2% | -$8.92K |
|
1644
Thryv Holdings
THRY
$106M
| $3.57M | ﹤0.01% |
187,727
-1,100
| -0.6% | -$21.5K |
|
1645
Telus
TU
$15.4B
| $3.55M | ﹤0.01% |
184,024
-3,600
| -2% | -$74.3K |
|
1646
Emergent Biosolutions
EBS
$288M
| $3.53M | ﹤0.01% |
298,826
+24,975
| +9% | +$386K |
|
1647
America Movil
AMX
$72.7B
| $3.53M | ﹤0.01% |
193,741
-5,457
| -3% | -$101K |
|
1648
Cloudflare
NET
$101B
| $3.53M | ﹤0.01% |
77,977
+13,889
| +22% | +$687K |
|
|
HSII
1649
DELISTED
Heidrick & Struggles
HSII
| $3.52M | ﹤0.01% |
125,854
+4,032
| +3% | +$114K |
|
1650
BioMarin Pharmaceuticals
BMRN
$11.6B
| $3.5M | ﹤0.01% |
33,833
-24,014
| -42% | -$2.25M |
|
Similar funds
Principal Financial Group's Q4 2022 Portfolio in Review
As of Q4 2022, Principal Financial Group held 2,612 positions worth $133B, up 5.5% from $126B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Principal Financial Group's Q4 2022 filing shows 120 new, 875 increased, 1,421 reduced and 175 closed positions. Its largest new stake was Brookfield Asset Management: 12,455,054 shares worth $357M. The largest sale was STORE Capital Corporation, an estimated $364M.
By sector, the portfolio is most concentrated in Real Estate at 17% of assets, down from 17% a quarter earlier, followed by Technology and Financials.
- Principal Financial Group's largest Q4 2022 buy was Brookfield Asset Management: 12,455,054 shares worth $357M.
- Principal Financial Group added most to Digital Realty Trust in Q4 2022, an estimated $405M increase.
- Principal Financial Group's biggest Q4 2022 reduction was STORE Capital Corporation, cutting an estimated $364M.
- Principal Financial Group fully exited Petrobras in Q4 2022, selling an estimated $59M.
- Principal Financial Group's ten largest holdings make up 14% of its $133B portfolio in Q4 2022.
- Principal Financial Group opened 120 new positions and closed 175 in Q4 2022.
- Principal Financial Group's portfolio value rose 5.5% quarter-over-quarter to $133B.
Based on Principal Financial Group's 13F filing for Q4 2022, filed 9 Feb 2023.