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
|
+$154M |
| 2 |
Gaming and Leisure Properties
GLPI
|
+$122M |
| 3 |
Boston Properties
BXP
|
+$112M |
| 4 |
iShares MBS ETF
MBB
|
+$90.3M |
| 5 |
Brookfield
BN
|
+$75.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FRC
First Republic Bank
FRC
|
+$273M |
| 2 |
TransDigm Group
TDG
|
+$208M |
| 3 |
Toronto Dominion Bank
TD
|
+$153M |
| 4 |
MPT
Medical Properties Trust
MPT
|
+$135M |
| 5 |
Credit Acceptance
CACC
|
+$123M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.56% |
| 2 | Real Estate | 15.87% |
| 3 | Financials | 14.95% |
| 4 | Consumer Discretionary | 11.17% |
| 5 | Industrials | 11.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1726
DMC Global
BOOM
$157M
| $2.47M | ﹤0.01% |
112,372
-1,164
| -1% | -$26.7K |
|
1727
Rayonier Advanced Materials
RYAM
$610M
| $2.42M | ﹤0.01% |
385,698
-4,666
| -1% | -$32.5K |
|
1728
Central Garden & Pet Co
CENT
$2.8B
| $2.41M | ﹤0.01% |
73,229
-1,555
| -2% | -$50.3K |
|
1729
Vanda Pharmaceuticals
VNDA
$302M
| $2.38M | ﹤0.01% |
350,768
-4,907
| -1% | -$34.5K |
|
1730
Invesco Mortgage Capital
IVR
$805M
| $2.38M | ﹤0.01% |
214,287
-1,511
| -0.7% | -$19.5K |
|
1731
Gerdau
GGB
$9.7B
| $2.38M | ﹤0.01% |
578,200
-1
| -0% | -$4 |
|
1732
Marcus Corp
MCS
$945M
| $2.36M | ﹤0.01% |
147,722
-1,746
| -1% | -$26.8K |
|
1733
Powell Industries
POWL
$7.71B
| $2.35M | ﹤0.01% |
165,249
-1,335
| -0.8% | -$18.5K |
|
1734
Mercer International
MERC
$39.8M
| $2.35M | ﹤0.01% |
239,951
-4,708
| -2% | -$53.1K |
|
1735
Globant
GLOB
$1.61B
| $2.32M | ﹤0.01% |
14,118
-5,489
| -28% | -$897K |
|
1736
iShares S&P 500 Value ETF
IVE
$49.8B
| $2.3M | ﹤0.01% |
15,127
+1,452
| +11% | +$219K |
|
1737
LendingTree
TREE
$451M
| $2.29M | ﹤0.01% |
85,991
-6,327
| -7% | -$208K |
|
|
ONL
1738
Orion Office REIT
ONL
$160M
| $2.29M | ﹤0.01% |
341,936
-3,947
| -1% | -$32.1K |
|
1739
Principal Exchange-Traded Funds Principal Quality ETF
PSET
$29.3M
| $2.29M | ﹤0.01% |
+43,556
| New | +$2.25M |
|
|
RPT.PRD
1740
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
| $2.25M | ﹤0.01% |
47,428
-4,150
| -8% | -$204K |
|
1741
iShares ESG Aware MSCI EM ETF
ESGE
$6.73B
| $2.25M | ﹤0.01% |
+71,532
| New | +$2.27M |
|
1742
Ferguson
FERG
$49.8B
| $2.24M | ﹤0.01% |
16,736
| – | – |
|
1743
Erie Indemnity
ERIE
$13.2B
| $2.24M | ﹤0.01% |
9,659
-285
| -3% | -$68.2K |
|
1744
National Presto Industries
NPK
$989M
| $2.22M | ﹤0.01% |
30,745
-342
| -1% | -$25K |
|
1745
RE/MAX Holdings
RMAX
$242M
| $2.22M | ﹤0.01% |
118,086
-2,850
| -2% | -$56.7K |
|
1746
Forrester Research
FORR
$224M
| $2.2M | ﹤0.01% |
67,926
-1,563
| -2% | -$54.1K |
|
1747
HCI Group
HCI
$2.41B
| $2.19M | ﹤0.01% |
40,917
-1,645
| -4% | -$82.7K |
|
1748
Vanguard Russell 2000 ETF
VTWO
$17.9B
| $2.17M | ﹤0.01% |
30,076
-599
| -2% | -$44.5K |
|
1749
Roblox
RBLX
$27B
| $2.15M | ﹤0.01% |
47,755
-9,340
| -16% | -$357K |
|
1750
Texas Pacific Land
TPL
$23.5B
| $2.13M | ﹤0.01% |
11,259
-1,089
| -9% | -$227K |
|
Similar funds
Principal Financial Group's Q1 2023 Portfolio in Review
As of Q1 2023, Principal Financial Group held 2,542 positions worth $140B, up 5.3% from $133B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Principal Financial Group's Q1 2023 filing shows 105 new, 1,088 increased, 1,245 reduced and 79 closed positions. Its largest new stake was National Health Investors: 1,082,334 shares worth $55.8M. The largest sale was First Republic Bank, an estimated $273M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 16% a quarter earlier, followed by Real Estate and Financials.
- Principal Financial Group's largest Q1 2023 buy was National Health Investors: 1,082,334 shares worth $55.8M.
- Principal Financial Group added most to iShares Core S&P 500 ETF in Q1 2023, an estimated $154M increase.
- Principal Financial Group's biggest Q1 2023 reduction was First Republic Bank, cutting an estimated $273M.
- Principal Financial Group fully exited STORE Capital Corporation in Q1 2023, selling an estimated $62.5M.
- Principal Financial Group's ten largest holdings make up 15% of its $140B portfolio in Q1 2023.
- Principal Financial Group opened 105 new positions and closed 79 in Q1 2023.
- Principal Financial Group's portfolio value rose 5.3% quarter-over-quarter to $140B.
Based on Principal Financial Group's 13F filing for Q1 2023, filed 9 May 2023.