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 |
iShares Core S&P 500 ETF
IVV
|
+$746M |
| 2 |
Healthpeak Properties
DOC
|
+$375M |
| 3 |
Arthur J. Gallagher & Co
AJG
|
+$325M |
| 4 |
Equity Lifestyle Properties
ELS
|
+$266M |
| 5 |
TransDigm Group
TDG
|
+$244M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Adobe
ADBE
|
+$566M |
| 2 |
SBA Communications
SBAC
|
+$491M |
| 3 |
Brookfield
BN
|
+$385M |
| 4 |
Alexandria Real Estate Equities
ARE
|
+$327M |
| 5 |
Sun Communities
SUI
|
+$299M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.17% |
| 2 | Financials | 16.62% |
| 3 | Real Estate | 12.83% |
| 4 | Consumer Discretionary | 11.84% |
| 5 | Industrials | 10.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ODP
1701
DELISTED
ODP
ODP
| $3.32M | ﹤0.01% |
146,188
-12,219
| -8% | -$340K |
|
|
DCH
1702
Dauch Corp
DCH
$1.35B
| $3.32M | ﹤0.01% |
570,074
+15,976
| +3% | +$100K |
|
1703
Cytek Biosciences
CTKB
$537M
| $3.29M | ﹤0.01% |
506,925
+3,753
| +0.7% | +$22.4K |
|
1704
Vir Biotechnology
VIR
$1.48B
| $3.28M | ﹤0.01% |
447,313
+15,902
| +4% | +$125K |
|
1705
Sweetgreen
SG
$698M
| $3.27M | ﹤0.01% |
102,127
-48,386
| -32% | -$1.8M |
|
1706
Revolve Group
RVLV
$1.75B
| $3.25M | ﹤0.01% |
+97,050
| New | +$3.01M |
|
1707
Thomson Reuters
TRI
$43.7B
| $3.23M | ﹤0.01% |
19,836
-7,483
| -27% | -$1.26M |
|
1708
GeoPark
GPRK
$617M
| $3.21M | ﹤0.01% |
345,920
-20,460
| -6% | -$182K |
|
1709
iShares ESG Aware MSCI USA Small-Cap ETF
ESML
$2.89B
| $3.18M | ﹤0.01% |
75,513
+40,259
| +114% | +$1.74M |
|
|
GDEN
1710
DELISTED
Golden Entertainment
GDEN
| $3.15M | ﹤0.01% |
99,705
-336
| -0.3% | -$10.7K |
|
|
SHOE
1711
Shoe Station Group
SHOE
$425M
| $3.15M | ﹤0.01% |
95,181
+3,452
| +4% | +$125K |
|
1712
Avis
CAR
$4.89B
| $3.14M | ﹤0.01% |
38,939
-688
| -2% | -$62.7K |
|
1713
Forward Air
FWRD
$563M
| $3.13M | ﹤0.01% |
97,148
+6,629
| +7% | +$231K |
|
1714
CVR Energy
CVI
$3.15B
| $3.12M | ﹤0.01% |
166,674
+4,830
| +3% | +$97.6K |
|
1715
First Citizens BancShares
FCNCA
$25.5B
| $3.11M | ﹤0.01% |
1,474
-158
| -10% | -$331K |
|
1716
HDFC Bank
HDB
$122B
| $3.11M | ﹤0.01% |
97,358
+2,908
| +3% | +$93K |
|
1717
Ethan Allen Interiors
ETD
$598M
| $3.09M | ﹤0.01% |
109,755
+3,116
| +3% | +$92.4K |
|
1718
Wave Life Sciences
WVE
$1.19B
| $3.08M | ﹤0.01% |
+248,645
| New | +$3.32M |
|
|
TRST
1719
Trustco Bank Corp NY
TRST
$958M
| $3.07M | ﹤0.01% |
92,158
+2,569
| +3% | +$89.3K |
|
|
XYZ
1720
Block Inc
XYZ
$47B
| $3.07M | ﹤0.01% |
36,074
-4,955
| -12% | -$406K |
|
1721
State Street SPDR S&P Homebuilders ETF
XHB
$1.53B
| $3.03M | ﹤0.01% |
+28,996
| New | +$3.4M |
|
1722
Ezcorp Inc
EZPW
$1.8B
| $3.02M | ﹤0.01% |
246,887
+6,438
| +3% | +$76.4K |
|
1723
Corebridge Financial
CRBG
$15.2B
| $3.02M | ﹤0.01% |
100,781
-1,162
| -1% | -$35.9K |
|
|
SPTN
1724
DELISTED
SpartanNash
SPTN
| $3M | ﹤0.01% |
163,673
+4,596
| +3% | +$91.8K |
|
1725
Enviri
NVRI
$630M
| $2.99M | ﹤0.01% |
388,552
+10,977
| +3% | +$91.6K |
|
Similar funds
Principal Financial Group's Q4 2024 Portfolio in Review
As of Q4 2024, Principal Financial Group held 2,270 positions worth $183B, up 0.13% from $183B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Trading was light in Q4 2024: portfolio turnover was 4.8%. Principal Financial Group opened 48 new positions and exited 62, leaving the 2,270-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q4 2024 buy was SPDR Gold MiniShares Trust: 1,757,205 shares worth $91.4M.
- Principal Financial Group added most to iShares Core S&P 500 ETF in Q4 2024, an estimated $746M increase.
- Principal Financial Group's biggest Q4 2024 reduction was Adobe, cutting an estimated $566M.
- Principal Financial Group fully exited Portillo's in Q4 2024, selling an estimated $24.1M.
- Principal Financial Group's ten largest holdings make up 20% of its $183B portfolio in Q4 2024.
- Principal Financial Group opened 48 new positions and closed 62 in Q4 2024.
- Principal Financial Group's portfolio value rose 0.13% quarter-over-quarter to $183B.
Based on Principal Financial Group's 13F filing for Q4 2024, filed 31 Jan 2025.