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 |
Linde
LIN
|
+$219M |
| 2 |
TCO
Taubman Centers Inc.
TCO
|
+$96.5M |
| 3 |
WIX.com
WIX
|
+$96.5M |
| 4 |
iShares Russell 2000 Value ETF
IWN
|
+$84.9M |
| 5 |
American Homes 4 Rent
AMH
|
+$72.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ross Stores
ROST
|
+$250M |
| 2 |
Simon Property Group
SPG
|
+$202M |
| 3 |
PX
Praxair Inc
PX
|
+$171M |
| 4 |
Alibaba
BABA
|
+$160M |
| 5 |
O'Reilly Automotive
ORLY
|
+$146M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.16% |
| 2 | Real Estate | 15.05% |
| 3 | Technology | 13.99% |
| 4 | Consumer Discretionary | 11.2% |
| 5 | Healthcare | 9.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Eversource Energy
ES
$28.3B
| $154M | 0.16% |
2,360,137
-67,816
| -3% | -$4.42M |
|
152
Thermo Fisher Scientific
TMO
$215B
| $153M | 0.16% |
685,411
-9,652
| -1% | -$2.26M |
|
153
Equity Residential
EQR
$25.7B
| $152M | 0.16% |
2,306,491
-31,837
| -1% | -$2.14M |
|
154
Altria Group
MO
$126B
| $151M | 0.16% |
3,064,359
-223,636
| -7% | -$13M |
|
155
Enovis
ENOV
$1.7B
| $150M | 0.16% |
4,169,535
-635,809
| -13% | -$29.7M |
|
156
Steris
STE
$22.7B
| $150M | 0.16% |
1,402,524
-202,339
| -13% | -$22.6M |
|
157
RTX Corp
RTX
$291B
| $148M | 0.16% |
2,206,465
+136,506
| +7% | +$10.7M |
|
|
KW
158
DELISTED
Kennedy-Wilson Holdings
KW
| $148M | 0.16% |
8,124,970
+328,955
| +4% | +$6.31M |
|
159
Motorola Solutions
MSI
$72.6B
| $147M | 0.16% |
1,281,071
-69,184
| -5% | -$8.59M |
|
|
SCHW
160
Charles Schwab
SCHW
$184B
| $147M | 0.16% |
3,541,087
+193,547
| +6% | +$8.75M |
|
161
Idexx Laboratories
IDXX
$44.9B
| $147M | 0.16% |
787,832
+291,795
| +59% | +$59.8M |
|
162
Bristol-Myers Squibb
BMY
$130B
| $145M | 0.15% |
2,791,446
-338,500
| -11% | -$18.2M |
|
163
Occidental Petroleum
OXY
$55.8B
| $145M | 0.15% |
2,359,564
+20,777
| +0.9% | +$1.46M |
|
164
Enterprise Products Partners
EPD
$84.3B
| $144M | 0.15% |
5,857,988
+285,601
| +5% | +$7.64M |
|
165
Teleflex
TFX
$5.87B
| $143M | 0.15% |
554,418
-14,687
| -3% | -$3.72M |
|
166
MSCI
MSCI
$42.5B
| $143M | 0.15% |
967,054
+23,858
| +3% | +$3.63M |
|
167
Guidewire Software
GWRE
$13.8B
| $140M | 0.15% |
1,747,907
+528,721
| +43% | +$46.1M |
|
168
Fidelity National Information Services
FIS
$23.8B
| $140M | 0.15% |
1,362,865
+22,920
| +2% | +$2.39M |
|
169
Credicorp
BAP
$30.4B
| $139M | 0.15% |
628,551
-16,685
| -3% | -$3.69M |
|
|
PACW
170
DELISTED
PacWest Bancorp
PACW
| $139M | 0.15% |
4,171,619
+377,649
| +10% | +$15.1M |
|
171
M&T Bank
MTB
$36.6B
| $138M | 0.15% |
962,710
-46,953
| -5% | -$7.51M |
|
172
Texas Instruments
TXN
$247B
| $137M | 0.15% |
1,445,813
-229,122
| -14% | -$22.2M |
|
173
Icon
ICLR
$13.7B
| $136M | 0.14% |
1,052,644
-43,378
| -4% | -$5.99M |
|
174
Littelfuse
LFUS
$10.5B
| $134M | 0.14% |
781,653
+132,138
| +20% | +$23.6M |
|
175
Kroger
KR
$36.9B
| $134M | 0.14% |
4,871,955
-1,018,146
| -17% | -$29.5M |
|
Similar funds
Principal Financial Group's Q4 2018 Portfolio in Review
As of Q4 2018, Principal Financial Group held 2,412 positions worth $93.8B, down 17% from $113B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Principal Financial Group withdrew a net $4.07B in Q4 2018, closing 172 positions and reducing 1,316 holdings. Its most notable exit was Praxair Inc, an estimated $171M position sold in full.
By sector, the portfolio is most concentrated in Financials at 16% of assets, down from 17% a quarter earlier, followed by Real Estate and Technology.
Against the trend, Principal Financial Group opened a new position in Linde worth $216M.
- Principal Financial Group's largest Q4 2018 buy was Linde: 1,382,859 shares worth $216M.
- Principal Financial Group added most to Taubman Centers Inc. in Q4 2018, an estimated $96.5M increase.
- Principal Financial Group's biggest Q4 2018 reduction was Ross Stores, cutting an estimated $250M.
- Principal Financial Group fully exited Praxair Inc in Q4 2018, selling an estimated $171M.
- Principal Financial Group's ten largest holdings make up 11% of its $93.8B portfolio in Q4 2018.
- Principal Financial Group opened 124 new positions and closed 172 in Q4 2018.
- Principal Financial Group's portfolio value fell 17% quarter-over-quarter to $93.8B.
Based on Principal Financial Group's 13F filing for Q4 2018, filed 14 Feb 2019.