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 |
Digital Realty Trust
DLR
|
+$405M |
| 2 |
Brookfield Asset Management
BAM
|
+$375M |
| 3 |
Gaming and Leisure Properties
GLPI
|
+$239M |
| 4 |
Welltower
WELL
|
+$218M |
| 5 |
American Tower
AMT
|
+$170M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
STOR
STORE Capital Corporation
STOR
|
+$364M |
| 2 |
Brookfield
BN
|
+$235M |
| 3 |
Equinix
EQIX
|
+$232M |
| 4 |
Guidewire Software
GWRE
|
+$191M |
| 5 |
Liberty Broadband Class C
LBRDK
|
+$151M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 16.55% |
| 2 | Technology | 15.79% |
| 3 | Financials | 15.77% |
| 4 | Industrials | 10.84% |
| 5 | Consumer Discretionary | 10.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
RTX Corp
RTX
$290B
| $199M | 0.15% |
1,967,037
-42,517
| -2% | -$4M |
|
152
Principal Exchange-Traded Funds Principal US Small-Cap ETF
PSC
$2.23B
| $198M | 0.15% |
5,151,630
+665
| +0% | +$26.4K |
|
153
D.R. Horton
DHI
$40B
| $197M | 0.15% |
2,211,944
+123,682
| +6% | +$9.91M |
|
154
Canadian Pacific Kansas City
CP
$78.1B
| $197M | 0.15% |
2,640,580
+142,532
| +6% | +$10.7M |
|
155
Enterprise Products Partners
EPD
$82.3B
| $197M | 0.15% |
8,154,478
+460,451
| +6% | +$11.3M |
|
156
Honeywell
HON
$77B
| $193M | 0.15% |
957,632
-48,335
| -5% | -$9.23M |
|
157
Sabra Healthcare REIT
SBRA
$5.34B
| $193M | 0.15% |
15,541,612
+12,573
| +0.1% | +$160K |
|
158
Wells Fargo
WFC
$261B
| $190M | 0.14% |
4,606,398
-137,429
| -3% | -$6.08M |
|
159
WIX.com
WIX
$2.3B
| $189M | 0.14% |
2,464,735
-493,364
| -17% | -$39.9M |
|
160
Steris
STE
$22.3B
| $189M | 0.14% |
1,020,857
+94,174
| +10% | +$16.6M |
|
161
CVS Health
CVS
$133B
| $187M | 0.14% |
2,011,504
-60,961
| -3% | -$5.88M |
|
|
DFS
162
DELISTED
Discover Financial Services
DFS
| $186M | 0.14% |
1,906,058
-10,769
| -0.6% | -$1.08M |
|
163
Expeditors International
EXPD
$22B
| $184M | 0.14% |
1,767,288
-7,000
| -0.4% | -$721K |
|
164
Marriott Vacations Worldwide
VAC
$3.35B
| $183M | 0.14% |
1,362,893
-503,796
| -27% | -$70.2M |
|
165
Yum China
YUMC
$16.5B
| $182M | 0.14% |
+3,297,618
| New | +$168M |
|
166
Franco-Nevada
FNV
$41.1B
| $181M | 0.14% |
1,323,043
+62,609
| +5% | +$8.27M |
|
167
WEC Energy
WEC
$35.7B
| $179M | 0.13% |
1,909,657
+196,434
| +11% | +$18.2M |
|
168
Philip Morris
PM
$297B
| $178M | 0.13% |
1,756,902
-53,094
| -3% | -$5.01M |
|
169
Sherwin-Williams
SHW
$82.7B
| $169M | 0.13% |
712,977
-2,076
| -0.3% | -$480K |
|
170
Howard Hughes
HHH
$3.81B
| $169M | 0.13% |
2,322,302
-62,797
| -3% | -$4M |
|
171
Amgen
AMGN
$208B
| $169M | 0.13% |
642,695
-14,120
| -2% | -$3.79M |
|
172
iShares Core S&P 500 ETF
IVV
$878B
| $167M | 0.13% |
435,217
+246,642
| +131% | +$95.2M |
|
173
Qualcomm
QCOM
$155B
| $163M | 0.12% |
1,485,705
-35,247
| -2% | -$4.12M |
|
174
Intuitive Surgical
ISRG
$127B
| $163M | 0.12% |
614,350
-208,172
| -25% | -$50.8M |
|
175
Toronto Dominion Bank
TD
$198B
| $161M | 0.12% |
2,487,624
+103,603
| +4% | +$6.69M |
|
Similar funds
Principal Financial Group's Q4 2022 Portfolio in Review
As of Q4 2022, Principal Financial Group held 2,612 positions worth $133B, up 5.5% from $126B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Principal Financial Group's Q4 2022 filing shows 120 new, 876 increased, 1,421 reduced and 175 closed positions. Its largest new stake was Brookfield Asset Management: 12,455,054 shares worth $357M. The largest sale was STORE Capital Corporation, an estimated $364M.
By sector, the portfolio is most concentrated in Real Estate at 17% of assets, down from 17% a quarter earlier, followed by Technology and Financials.
- Principal Financial Group's largest Q4 2022 buy was Brookfield Asset Management: 12,455,054 shares worth $357M.
- Principal Financial Group added most to Digital Realty Trust in Q4 2022, an estimated $405M increase.
- Principal Financial Group's biggest Q4 2022 reduction was STORE Capital Corporation, cutting an estimated $364M.
- Principal Financial Group fully exited Petrobras in Q4 2022, selling an estimated $59M.
- Principal Financial Group's ten largest holdings make up 14% of its $133B portfolio in Q4 2022.
- Principal Financial Group opened 120 new positions and closed 175 in Q4 2022.
- Principal Financial Group's portfolio value rose 5.5% quarter-over-quarter to $133B.
Based on Principal Financial Group's 13F filing for Q4 2022, filed 9 Feb 2023.