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 | |
|---|---|---|---|---|---|---|
|
PRMB
1776
Primo Brands
PRMB
$8.45B
| $2.27M | ﹤0.01% |
+73,841
| New | +$2.19M |
|
1777
Scorpio Tankers
STNG
$3.83B
| $2.25M | ﹤0.01% |
45,377
+3,961
| +10% | +$226K |
|
1778
Under Armour Class C
UA
$2.86B
| $2.25M | ﹤0.01% |
301,258
-3,353
| -1% | -$28K |
|
1779
Manulife Financial
MFC
$74.4B
| $2.24M | ﹤0.01% |
73,100
+7,600
| +12% | +$235K |
|
1780
Vanguard Morningstar Growth ETF
VUG
$230B
| $2.23M | ﹤0.01% |
+32,616
| New | +$2.19M |
|
1781
Rapid7
RPD
$720M
| $2.18M | ﹤0.01% |
54,306
+6,645
| +14% | +$270K |
|
1782
iShares MSCI Japan ETF
EWJ
$22.4B
| $2.18M | ﹤0.01% |
32,476
+6,801
| +26% | +$469K |
|
1783
Hertz
HTZ
$477M
| $2.18M | ﹤0.01% |
595,010
+17,142
| +3% | +$61.9K |
|
1784
Vanguard Russell 2000 ETF
VTWO
$18B
| $2.18M | ﹤0.01% |
24,358
-1,846
| -7% | -$170K |
|
1785
Argan
AGX
$8.66B
| $2.13M | ﹤0.01% |
15,566
+2,027
| +15% | +$278K |
|
1786
Coupang
CPNG
$30.1B
| $2.13M | ﹤0.01% |
96,945
-2,592
| -3% | -$63.6K |
|
1787
Alignment Healthcare
ALHC
$2.8B
| $2.13M | ﹤0.01% |
188,936
-5,107
| -3% | -$59.7K |
|
1788
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
| $2.12M | ﹤0.01% |
+27,000
| New | +$2.14M |
|
1789
Tecnoglass Holdings Inc.
TGLS
$2.05B
| $2.11M | ﹤0.01% |
26,651
-5,557
| -17% | -$423K |
|
1790
Lulu's Fashion Lounge
LVLU
$53.7M
| $2.1M | ﹤0.01% |
124,090
-8,071
| -6% | -$165K |
|
1791
Phibro Animal Health
PAHC
$1.48B
| $2.07M | ﹤0.01% |
98,783
+2,696
| +3% | +$62.4K |
|
1792
Central Garden & Pet Co
CENT
$2.76B
| $2.07M | ﹤0.01% |
53,355
+2,141
| +4% | +$79.7K |
|
1793
Rhythm Pharmaceuticals
RYTM
$7.26B
| $2.06M | ﹤0.01% |
36,884
+4,298
| +13% | +$237K |
|
1794
TC Energy
TRP
$68.1B
| $2.06M | ﹤0.01% |
44,300
-900
| -2% | -$42.6K |
|
1795
Toronto Dominion Bank
TD
$197B
| $2.06M | ﹤0.01% |
38,700
-3,200
| -8% | -$180K |
|
1796
Teva Pharmaceuticals
TEVA
$40.1B
| $2.04M | ﹤0.01% |
92,471
+2,752
| +3% | +$50.1K |
|
1797
Leslie's
LESL
$12.4M
| $2.01M | ﹤0.01% |
45,044
+1,381
| +3% | +$73.3K |
|
|
HTLF
1798
DELISTED
Heartland Financial USA, Inc.
HTLF
| $1.99M | ﹤0.01% |
32,428
+3,749
| +13% | +$235K |
|
1799
Magnite
MGNI
$2.99B
| $1.96M | ﹤0.01% |
123,073
+15,558
| +14% | +$228K |
|
1800
Usana Health Sciences
USNA
$421M
| $1.92M | ﹤0.01% |
53,603
+1,480
| +3% | +$55.3K |
|
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.