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 |
American Tower
AMT
|
+$465M |
| 2 |
SBA Communications
SBAC
|
+$339M |
| 3 |
CCC
CCC Intelligent Solutions
CCC
|
+$209M |
| 4 |
Equinix
EQIX
|
+$180M |
| 5 |
NNN REIT
NNN
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Industrial Realty Trust
FR
|
+$217M |
| 2 |
Digital Realty Trust
DLR
|
+$209M |
| 3 |
TransDigm Group
TDG
|
+$189M |
| 4 |
Public Storage
PSA
|
+$172M |
| 5 |
Realty Income
O
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.82% |
| 2 | Financials | 15.58% |
| 3 | Real Estate | 14.17% |
| 4 | Consumer Discretionary | 11.56% |
| 5 | Industrials | 11.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1726
CEVA Inc
CEVA
$1.08B
| $2.79M | ﹤0.01% |
122,668
+180
| +0.1% | +$3.93K |
|
1727
Compass Minerals
CMP
$1.15B
| $2.78M | ﹤0.01% |
176,600
+1,010
| +0.6% | +$21.2K |
|
|
TRST
1728
Trustco Bank Corp NY
TRST
$938M
| $2.78M | ﹤0.01% |
98,701
-401
| -0.4% | -$11.3K |
|
1729
CRISPR Therapeutics
CRSP
$5.17B
| $2.76M | ﹤0.01% |
+40,470
| New | +$2.9M |
|
1730
Xperi
XPER
$345M
| $2.72M | ﹤0.01% |
225,688
-773
| -0.3% | -$8.5K |
|
|
AXNX
1731
DELISTED
Axonics, Inc. Common Stock
AXNX
| $2.72M | ﹤0.01% |
39,447
-26,221
| -40% | -$1.77M |
|
1732
Nu Holdings
NU
$66.9B
| $2.67M | ﹤0.01% |
223,426
+12,595
| +6% | +$129K |
|
1733
iShares S&P 500 Value ETF
IVE
$49.8B
| $2.65M | ﹤0.01% |
14,159
-209
| -1% | -$37.1K |
|
1734
Alpha and Omega Semiconductor
AOSL
$1.08B
| $2.62M | ﹤0.01% |
118,976
+1,541
| +1% | +$37.3K |
|
1735
TriNet
TNET
$3.14B
| $2.59M | ﹤0.01% |
19,539
-1,777
| -8% | -$216K |
|
1736
OraSure Technologies
OSUR
$279M
| $2.58M | ﹤0.01% |
419,973
+15,652
| +4% | +$114K |
|
|
CVGW
1737
DELISTED
Calavo Growers
CVGW
| $2.58M | ﹤0.01% |
92,696
+392
| +0.4% | +$11K |
|
1738
Scorpio Tankers
STNG
$3.81B
| $2.57M | ﹤0.01% |
35,876
-6,266
| -15% | -$424K |
|
|
CLDT
1739
Chatham Lodging
CLDT
$586M
| $2.56M | ﹤0.01% |
253,620
-1,071
| -0.4% | -$11.2K |
|
|
ACLX
1740
DELISTED
Arcellx
ACLX
| $2.56M | ﹤0.01% |
36,835
+26,197
| +246% | +$1.66M |
|
|
UHT
1741
Universal Health Realty Income Trust
UHT
$594M
| $2.54M | ﹤0.01% |
69,295
-1,309
| -2% | -$51.9K |
|
1742
Element Solutions
ESI
$9.23B
| $2.54M | ﹤0.01% |
101,819
+72,145
| +243% | +$1.68M |
|
1743
Telus
TU
$15.3B
| $2.52M | ﹤0.01% |
157,404
-3,100
| -2% | -$54.2K |
|
1744
Hanmi Financial
HAFC
$946M
| $2.5M | ﹤0.01% |
156,875
-1,547
| -1% | -$25.2K |
|
|
DOOR
1745
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $2.46M | ﹤0.01% |
18,728
+8,508
| +83% | +$958K |
|
1746
Medifast
MED
$141M
| $2.46M | ﹤0.01% |
64,183
-1,042
| -2% | -$50.5K |
|
1747
Designer Brands
DBI
$333M
| $2.42M | ﹤0.01% |
221,797
-6,644
| -3% | -$63.6K |
|
1748
Vertiv
VRT
$105B
| $2.4M | ﹤0.01% |
29,419
+6,773
| +30% | +$426K |
|
1749
United Fire Group
UFCS
$1.4B
| $2.4M | ﹤0.01% |
110,184
-454
| -0.4% | -$10.1K |
|
1750
Leonardo DRS
DRS
$12B
| $2.39M | ﹤0.01% |
108,008
+67,335
| +166% | +$1.4M |
|
Similar funds
Principal Financial Group's Q1 2024 Portfolio in Review
As of Q1 2024, Principal Financial Group held 2,542 positions worth $170B, up 8.5% from $157B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Principal Financial Group's Q1 2024 filing shows 124 new, 1,250 increased, 1,019 reduced and 115 closed positions. Its largest new stake was Global X US Infrastructure Development ETF: 2,590,000 shares worth $103M. The largest sale was First Industrial Realty Trust, an estimated $217M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q1 2024 buy was Global X US Infrastructure Development ETF: 2,590,000 shares worth $103M.
- Principal Financial Group added most to American Tower in Q1 2024, an estimated $465M increase.
- Principal Financial Group's biggest Q1 2024 reduction was First Industrial Realty Trust, cutting an estimated $217M.
- Principal Financial Group fully exited Livent Corporation in Q1 2024, selling an estimated $45.7M.
- Principal Financial Group's ten largest holdings make up 18% of its $170B portfolio in Q1 2024.
- Principal Financial Group opened 124 new positions and closed 115 in Q1 2024.
- Principal Financial Group's portfolio value rose 8.5% quarter-over-quarter to $170B.
Based on Principal Financial Group's 13F filing for Q1 2024, filed 29 Apr 2024.