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 | |
|---|---|---|---|---|---|---|
1701
World Acceptance Corp
WRLD
$877M
| $2.78M | ﹤0.01% |
20,763
+488
| +2% | +$52.5K |
|
1702
Sprinklr
CXM
$1.53B
| $2.78M | ﹤0.01% |
+201,092
| New | +$2.6M |
|
1703
iShares Russell Mid-Cap Growth ETF
IWP
$20.6B
| $2.77M | ﹤0.01% |
28,629
-10,502
| -27% | -$957K |
|
1704
Oil States International
OIS
$497M
| $2.73M | ﹤0.01% |
365,387
-20,725
| -5% | -$151K |
|
1705
BioMarin Pharmaceuticals
BMRN
$11.7B
| $2.72M | ﹤0.01% |
31,414
-3,316
| -10% | -$312K |
|
1706
Invesco Mortgage Capital
IVR
$757M
| $2.71M | ﹤0.01% |
236,547
+22,260
| +10% | +$238K |
|
1707
uniQure
QURE
$3.03B
| $2.68M | ﹤0.01% |
233,584
-10,605
| -4% | -$201K |
|
1708
News Corp Class B
NWS
$17.2B
| $2.66M | ﹤0.01% |
134,897
-9,887
| -7% | -$181K |
|
1709
QuinStreet
QNST
$897M
| $2.62M | ﹤0.01% |
296,325
-16,105
| -5% | -$162K |
|
1710
Ezcorp Inc
EZPW
$1.86B
| $2.6M | ﹤0.01% |
310,124
-8,958
| -3% | -$77.7K |
|
|
CLDT
1711
Chatham Lodging
CLDT
$614M
| $2.6M | ﹤0.01% |
277,567
-17,065
| -6% | -$169K |
|
1712
Hanmi Financial
HAFC
$949M
| $2.6M | ﹤0.01% |
174,009
-21,214
| -11% | -$339K |
|
1713
Equitable Holdings
EQH
$13.1B
| $2.6M | ﹤0.01% |
95,609
-21,359
| -18% | -$541K |
|
1714
iShares Russell Mid-Cap ETF
IWR
$57.3B
| $2.59M | ﹤0.01% |
35,421
+6,029
| +21% | +$419K |
|
1715
Cenovus Energy
CVE
$53B
| $2.57M | ﹤0.01% |
151,302
-34,808
| -19% | -$586K |
|
|
WSR
1716
DELISTED
Whitestone REIT
WSR
| $2.57M | ﹤0.01% |
264,616
-28,953
| -10% | -$261K |
|
1717
Century Aluminum
CENX
$4.47B
| $2.57M | ﹤0.01% |
294,341
-14,355
| -5% | -$125K |
|
|
NFBK
1718
DELISTED
Northfield Bancorp
NFBK
| $2.57M | ﹤0.01% |
233,682
-19,510
| -8% | -$208K |
|
1719
Vanguard Russell 2000 ETF
VTWO
$18B
| $2.55M | ﹤0.01% |
33,728
+3,652
| +12% | +$263K |
|
|
KRTX
1720
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
| $2.54M | ﹤0.01% |
11,726
+811
| +7% | +$174K |
|
|
AAN
1721
DELISTED
The Aaron's Company Inc
AAN
| $2.53M | ﹤0.01% |
179,209
-10,042
| -5% | -$124K |
|
1722
DoorDash
DASH
$88.2B
| $2.53M | ﹤0.01% |
33,110
+6,749
| +26% | +$448K |
|
|
TSE
1723
DELISTED
Trinseo
TSE
| $2.53M | ﹤0.01% |
199,637
-11,467
| -5% | -$185K |
|
1724
Central Pacific Financial
CPF
$1.02B
| $2.52M | ﹤0.01% |
160,391
-13,681
| -8% | -$215K |
|
1725
Gerdau
GGB
$9.93B
| $2.52M | ﹤0.01% |
578,200
| – | – |
|
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.