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 |
American Tower
AMT
|
+$465M |
| 2 |
SBA Communications
SBAC
|
+$339M |
| 3 |
CCC
CCC Intelligent Solutions
CCC
|
+$209M |
| 4 |
Equinix
EQIX
|
+$180M |
| 5 |
NNN REIT
NNN
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Industrial Realty Trust
FR
|
+$217M |
| 2 |
Digital Realty Trust
DLR
|
+$209M |
| 3 |
TransDigm Group
TDG
|
+$189M |
| 4 |
Public Storage
PSA
|
+$172M |
| 5 |
Realty Income
O
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.82% |
| 2 | Financials | 15.58% |
| 3 | Real Estate | 14.17% |
| 4 | Consumer Discretionary | 11.56% |
| 5 | Industrials | 11.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1701
Mesa Laboratories
MLAB
$574M
| $3.26M | ﹤0.01% |
29,719
+891
| +3% | +$89.8K |
|
1702
Manulife Financial
MFC
$73.5B
| $3.24M | ﹤0.01% |
129,800
+11,900
| +10% | +$273K |
|
1703
Corsair Gaming
CRSR
$1.53B
| $3.22M | ﹤0.01% |
260,955
+36,714
| +16% | +$477K |
|
|
CHUY
1704
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
| $3.19M | ﹤0.01% |
94,618
+1,376
| +1% | +$47K |
|
1705
World Acceptance Corp
WRLD
$872M
| $3.13M | ﹤0.01% |
21,601
+261
| +1% | +$34.2K |
|
1706
Central Pacific Financial
CPF
$1B
| $3.09M | ﹤0.01% |
156,553
+1,795
| +1% | +$34.3K |
|
1707
3D Systems Corp
DDD
$613M
| $3.07M | ﹤0.01% |
692,479
-2,622
| -0.4% | -$12.9K |
|
|
SNCY
1708
DELISTED
Sun Country Airlines
SNCY
| $3.07M | ﹤0.01% |
203,269
-1,039,381
| -84% | -$15M |
|
1709
Trip.com Group
TCOM
$29.1B
| $3.06M | ﹤0.01% |
69,621
-1,290
| -2% | -$52.4K |
|
|
EHAB
1710
DELISTED
Enhabit
EHAB
| $3.03M | ﹤0.01% |
260,324
-1,043
| -0.4% | -$10.5K |
|
1711
Ezcorp Inc
EZPW
$1.71B
| $3M | ﹤0.01% |
264,954
-34,476
| -12% | -$340K |
|
1712
Alibaba
BABA
$308B
| $2.98M | ﹤0.01% |
41,129
+19,832
| +93% | +$1.45M |
|
1713
Lulu's Fashion Lounge
LVLU
$52.3M
| $2.92M | ﹤0.01% |
139,179
-6,247
| -4% | -$179K |
|
|
BRY
1714
DELISTED
Berry Corp
BRY
| $2.91M | ﹤0.01% |
361,027
-19,940
| -5% | -$139K |
|
1715
BioMarin Pharmaceuticals
BMRN
$12.3B
| $2.9M | ﹤0.01% |
33,159
+3,453
| +12% | +$309K |
|
1716
Tootsie Roll Industries
TR
$2.98B
| $2.89M | ﹤0.01% |
95,839
-4,704
| -5% | -$143K |
|
1717
Alnylam Pharmaceuticals
ALNY
$29.3B
| $2.89M | ﹤0.01% |
19,356
-273
| -1% | -$45.5K |
|
1718
Sterling Infrastructure
STRL
$16.7B
| $2.87M | ﹤0.01% |
26,038
+8,657
| +50% | +$786K |
|
1719
Heartland Express
HTLD
$956M
| $2.84M | ﹤0.01% |
238,120
-11,808
| -5% | -$150K |
|
1720
Gogo Inc
GOGO
$491M
| $2.82M | ﹤0.01% |
321,702
-1,245
| -0.4% | -$11.2K |
|
1721
Globant
GLOB
$1.61B
| $2.81M | ﹤0.01% |
13,938
-68,218
| -83% | -$15.3M |
|
1722
Usana Health Sciences
USNA
$286M
| $2.81M | ﹤0.01% |
57,864
-2,415
| -4% | -$118K |
|
|
FOLD
1723
DELISTED
Amicus Therapeutics
FOLD
| $2.8M | ﹤0.01% |
238,076
+72,856
| +44% | +$932K |
|
1724
Corebridge Financial
CRBG
$15B
| $2.79M | ﹤0.01% |
97,243
+4,719
| +5% | +$117K |
|
1725
Toronto Dominion Bank
TD
$200B
| $2.79M | ﹤0.01% |
46,200
-12,600
| -21% | -$761K |
|
Similar funds
Principal Financial Group's Q1 2024 Portfolio in Review
As of Q1 2024, Principal Financial Group held 2,542 positions worth $170B, up 8.5% from $157B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Principal Financial Group's Q1 2024 filing shows 124 new, 1,250 increased, 1,019 reduced and 115 closed positions. Its largest new stake was Global X US Infrastructure Development ETF: 2,590,000 shares worth $103M. The largest sale was First Industrial Realty Trust, an estimated $217M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q1 2024 buy was Global X US Infrastructure Development ETF: 2,590,000 shares worth $103M.
- Principal Financial Group added most to American Tower in Q1 2024, an estimated $465M increase.
- Principal Financial Group's biggest Q1 2024 reduction was First Industrial Realty Trust, cutting an estimated $217M.
- Principal Financial Group fully exited Livent Corporation in Q1 2024, selling an estimated $45.7M.
- Principal Financial Group's ten largest holdings make up 18% of its $170B portfolio in Q1 2024.
- Principal Financial Group opened 124 new positions and closed 115 in Q1 2024.
- Principal Financial Group's portfolio value rose 8.5% quarter-over-quarter to $170B.
Based on Principal Financial Group's 13F filing for Q1 2024, filed 29 Apr 2024.