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 | |
|---|---|---|---|---|---|---|
151
Simon Property Group
SPG
$74.4B
| $237M | 0.13% |
1,376,194
+98,366
| +8% | +$17.3M |
|
152
Novartis
NVS
$297B
| $236M | 0.13% |
2,426,926
-42,642
| -2% | -$4.55M |
|
153
Steris
STE
$22.3B
| $230M | 0.13% |
1,119,643
+5,419
| +0.5% | +$1.19M |
|
154
Walt Disney
DIS
$167B
| $227M | 0.12% |
2,042,243
-16,680
| -0.8% | -$1.75M |
|
155
Broadstone Net Lease
BNL
$4.11B
| $226M | 0.12% |
14,276,250
-88,545
| -0.6% | -$1.54M |
|
156
NNN REIT
NNN
$9.04B
| $217M | 0.12% |
5,309,777
-919,304
| -15% | -$40.7M |
|
157
Qualcomm
QCOM
$155B
| $216M | 0.12% |
1,409,298
-5,792
| -0.4% | -$948K |
|
158
Philip Morris
PM
$297B
| $212M | 0.12% |
1,762,518
-11,832
| -0.7% | -$1.49M |
|
159
RTX Corp
RTX
$290B
| $211M | 0.11% |
1,819,847
-81,489
| -4% | -$9.84M |
|
160
Texas Instruments
TXN
$252B
| $210M | 0.11% |
1,118,074
-20,969
| -2% | -$4.19M |
|
161
Palantir
PLTR
$295B
| $207M | 0.11% |
2,732,966
-106,714
| -4% | -$6.22M |
|
162
Goldman Sachs
GS
$300B
| $206M | 0.11% |
359,988
-4,288
| -1% | -$2.39M |
|
163
GE Aerospace
GE
$374B
| $206M | 0.11% |
1,232,146
-91,407
| -7% | -$16.3M |
|
164
Procore
PCOR
$8.26B
| $201M | 0.11% |
2,679,964
+2,670,872
| +29,376% | +$189M |
|
165
Union Pacific
UNP
$174B
| $201M | 0.11% |
880,466
-47,526
| -5% | -$11.3M |
|
166
ICICI Bank
IBN
$108B
| $200M | 0.11% |
6,692,874
+188,908
| +3% | +$5.7M |
|
167
WIX.com
WIX
$2.3B
| $198M | 0.11% |
923,662
-4,047
| -0.4% | -$773K |
|
168
Kilroy Realty
KRC
$4.52B
| $197M | 0.11% |
4,862,310
+218,163
| +5% | +$8.81M |
|
169
Verizon
VZ
$195B
| $197M | 0.11% |
4,914,190
-40,167
| -0.8% | -$1.69M |
|
170
Graco
GGG
$12.9B
| $196M | 0.11% |
2,328,179
+337,437
| +17% | +$29.3M |
|
171
Reliance Steel & Aluminium
RS
$20.7B
| $195M | 0.11% |
725,685
+252,955
| +54% | +$75M |
|
172
Booking.com
BKNG
$149B
| $194M | 0.11% |
975,950
-13,975
| -1% | -$2.69M |
|
173
Air Products & Chemicals
APD
$65.7B
| $193M | 0.11% |
665,792
-104,737
| -14% | -$32.9M |
|
|
ANSS
174
DELISTED
Ansys
ANSS
| $192M | 0.1% |
570,525
+7,098
| +1% | +$2.38M |
|
175
Agree Realty
ADC
$9.34B
| $192M | 0.1% |
2,728,319
-1,458,530
| -35% | -$109M |
|
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.