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 | |
|---|---|---|---|---|---|---|
|
KREF
1626
KKR Real Estate Finance Trust
KREF
$485M
| $3.72M | ﹤0.01% |
313,009
-16,824
| -5% | -$207K |
|
1627
Palantir
PLTR
$378B
| $3.71M | ﹤0.01% |
231,647
+7,763
| +3% | +$124K |
|
1628
Trip.com Group
TCOM
$29B
| $3.69M | ﹤0.01% |
105,399
+882
| +0.8% | +$33.2K |
|
1629
Simulations Plus
SLP
$371M
| $3.68M | ﹤0.01% |
88,221
-3,682
| -4% | -$167K |
|
1630
iShares Core MSCI EAFE ETF
IEFA
$195B
| $3.66M | ﹤0.01% |
56,861
-10,268
| -15% | -$687K |
|
1631
Applovin
APP
$113B
| $3.65M | ﹤0.01% |
91,268
-186,005
| -67% | -$6.6M |
|
1632
Coursera
COUR
$1.59B
| $3.64M | ﹤0.01% |
194,914
+179,537
| +1,168% | +$2.86M |
|
1633
Bristow Group
VTOL
$1.36B
| $3.64M | ﹤0.01% |
129,244
-4,599
| -3% | -$133K |
|
1634
BRC Group Holdings
RILY
$299M
| $3.63M | ﹤0.01% |
88,444
-1,557
| -2% | -$76.7K |
|
1635
Usana Health Sciences
USNA
$285M
| $3.62M | ﹤0.01% |
61,846
-3,199
| -5% | -$200K |
|
1636
Alpha and Omega Semiconductor
AOSL
$1.01B
| $3.61M | ﹤0.01% |
121,011
-5,717
| -5% | -$178K |
|
|
HIBB
1637
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $3.61M | ﹤0.01% |
75,963
-2,084
| -3% | -$88.8K |
|
1638
Green Dot
GDOT
$765M
| $3.6M | ﹤0.01% |
258,294
-14,996
| -5% | -$247K |
|
1639
iShares Russell 2000 Growth ETF
IWO
$15B
| $3.57M | ﹤0.01% |
15,925
-4,650
| -23% | -$1.11M |
|
1640
Insteel Industries
IIIN
$632M
| $3.54M | ﹤0.01% |
109,069
-4,225
| -4% | -$136K |
|
1641
Myers Industries
MYE
$1.33B
| $3.54M | ﹤0.01% |
197,366
-12,368
| -6% | -$233K |
|
1642
3D Systems Corp
DDD
$606M
| $3.53M | ﹤0.01% |
718,188
-26,267
| -4% | -$188K |
|
|
CHUY
1643
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
| $3.51M | ﹤0.01% |
98,783
-5,833
| -6% | -$224K |
|
1644
Banc of California
BANC
$3.05B
| $3.51M | ﹤0.01% |
283,461
-21,657
| -7% | -$276K |
|
1645
Standard Motor Products
SMP
$884M
| $3.49M | ﹤0.01% |
103,838
-5,414
| -5% | -$197K |
|
1646
Eagle Bancorp
EGBN
$852M
| $3.46M | ﹤0.01% |
161,392
-13,389
| -8% | -$326K |
|
1647
Wolverine World Wide
WWW
$1.58B
| $3.42M | ﹤0.01% |
424,806
-26,846
| -6% | -$276K |
|
1648
Tompkins Financial
TMP
$1.45B
| $3.42M | ﹤0.01% |
69,769
-3,628
| -5% | -$197K |
|
1649
REX American Resources
REX
$1.43B
| $3.4M | ﹤0.01% |
167,140
-9,718
| -5% | -$183K |
|
1650
Pilgrim's Pride
PPC
$6.28B
| $3.39M | ﹤0.01% |
148,351
-20,184
| -12% | -$491K |
|
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.