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 |
Brookfield
BN
|
+$176M |
| 2 |
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
|
+$156M |
| 3 |
HEICO Corp Class A
HEI.A
|
+$138M |
| 4 |
Ventas
VTR
|
+$108M |
| 5 |
Cemex
CX
|
+$99.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$263M |
| 2 |
TransDigm Group
TDG
|
+$180M |
| 3 |
Verizon
VZ
|
+$174M |
| 4 |
Moody's
MCO
|
+$153M |
| 5 |
Digital Realty Trust
DLR
|
+$140M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.26% |
| 2 | Real Estate | 15.51% |
| 3 | Financials | 14.64% |
| 4 | Industrials | 11.51% |
| 5 | Consumer Discretionary | 11.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HA
1676
DELISTED
Hawaiian Holdings, Inc.
HA
| $3.15M | ﹤0.01% |
292,728
-17,497
| -6% | -$152K |
|
1677
Axsome Therapeutics
AXSM
$11.2B
| $3.13M | ﹤0.01% |
43,541
+33,821
| +348% | +$2.49M |
|
|
TBI
1678
Trueblue
TBI
$215M
| $3.13M | ﹤0.01% |
176,465
-25,787
| -13% | -$437K |
|
|
TRST
1679
Trustco Bank Corp NY
TRST
$970M
| $3.1M | ﹤0.01% |
108,310
-6,809
| -6% | -$200K |
|
1680
Consensus Cloud Solutions
CCSI
$670M
| $3.1M | ﹤0.01% |
99,900
-6,859
| -6% | -$241K |
|
|
HSII
1681
DELISTED
Heidrick & Struggles
HSII
| $3.09M | ﹤0.01% |
116,836
-6,764
| -5% | -$178K |
|
1682
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
| $3.09M | ﹤0.01% |
29,970
+14,073
| +89% | +$1.46M |
|
|
HPP
1683
Hudson Pacific Properties
HPP
$747M
| $3.08M | ﹤0.01% |
104,296
-6,419
| -6% | -$230K |
|
1684
REX American Resources
REX
$1.42B
| $3.08M | ﹤0.01% |
176,858
-12,624
| -7% | -$195K |
|
1685
E.W. Scripps
SSP
$257M
| $3.06M | ﹤0.01% |
334,297
-16,546
| -5% | -$139K |
|
1686
DXP Enterprises
DXPE
$2.43B
| $3.03M | ﹤0.01% |
83,155
-12,243
| -13% | -$370K |
|
1687
Clearwater Paper
CLW
$339M
| $3.02M | ﹤0.01% |
96,335
-5,101
| -5% | -$165K |
|
1688
OneSpan
OSPN
$574M
| $3.01M | ﹤0.01% |
203,081
-10,629
| -5% | -$166K |
|
1689
Designer Brands
DBI
$307M
| $2.98M | ﹤0.01% |
294,809
-25,380
| -8% | -$210K |
|
1690
Resources Connection
RGP
$151M
| $2.95M | ﹤0.01% |
187,540
-13,133
| -7% | -$204K |
|
|
CVGW
1691
DELISTED
Calavo Growers
CVGW
| $2.94M | ﹤0.01% |
101,235
-5,995
| -6% | -$186K |
|
1692
Samsara
IOT
$21.7B
| $2.92M | ﹤0.01% |
+105,244
| New | +$2.33M |
|
1693
Liberty Broadband Class A
LBRDA
$4.89B
| $2.91M | ﹤0.01% |
36,478
-173,799
| -83% | -$13.4M |
|
1694
PC Connection
CNXN
$2.11B
| $2.9M | ﹤0.01% |
64,372
-4,051
| -6% | -$177K |
|
1695
Interface
TILE
$1.99B
| $2.9M | ﹤0.01% |
329,955
-30,134
| -8% | -$231K |
|
1696
American Vanguard Corp
AVD
$68.4M
| $2.87M | ﹤0.01% |
160,875
-14,023
| -8% | -$259K |
|
|
HIBB
1697
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $2.83M | ﹤0.01% |
78,047
-4,490
| -5% | -$215K |
|
|
ZEUS
1698
DELISTED
Olympic Steel
ZEUS
| $2.83M | ﹤0.01% |
57,788
-143
| -0.2% | -$6.71K |
|
1699
8x8 Inc
EGHT
$269M
| $2.83M | ﹤0.01% |
668,606
-38,570
| -5% | -$139K |
|
1700
United Fire Group
UFCS
$1.32B
| $2.79M | ﹤0.01% |
123,342
-7,579
| -6% | -$187K |
|
Similar funds
Principal Financial Group's Q2 2023 Portfolio in Review
As of Q2 2023, Principal Financial Group held 2,561 positions worth $146B, up 4.6% from $140B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Principal Financial Group's Q2 2023 filing shows 98 new, 623 increased, 1,664 reduced and 142 closed positions. Its largest new stake was Crane Co: 418,475 shares worth $37.3M. The largest sale was Microsoft, an estimated $263M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Real Estate and Financials.
- Principal Financial Group's largest Q2 2023 buy was Crane Co: 418,475 shares worth $37.3M.
- Principal Financial Group added most to Brookfield in Q2 2023, an estimated $176M increase.
- Principal Financial Group's biggest Q2 2023 reduction was Microsoft, cutting an estimated $263M.
- Principal Financial Group fully exited iShares Broad USD Investment Grade Corporate Bond ETF in Q2 2023, selling an estimated $92.6M.
- Principal Financial Group's ten largest holdings make up 17% of its $146B portfolio in Q2 2023.
- Principal Financial Group opened 98 new positions and closed 142 in Q2 2023.
- Principal Financial Group's portfolio value rose 4.6% quarter-over-quarter to $146B.
Based on Principal Financial Group's 13F filing for Q2 2023, filed 7 Aug 2023.