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 | |
|---|---|---|---|---|---|---|
1801
Open Text
OTEX
$6.04B
| $1.58M | ﹤0.01% |
40,967
+4,967
| +14% | +$172K |
|
1802
iShares MSCI Japan ETF
EWJ
$23B
| $1.55M | ﹤0.01% |
26,424
+1,126
| +4% | +$64.1K |
|
1803
Alphatec Holdings
ATEC
$1.44B
| $1.53M | ﹤0.01% |
98,173
+10,348
| +12% | +$146K |
|
1804
NovoCure
NVCR
$1.91B
| $1.53M | ﹤0.01% |
25,435
-2,951
| -10% | -$236K |
|
|
ARCH
1805
DELISTED
Arch Resources, Inc.
ARCH
| $1.5M | ﹤0.01% |
11,423
-2,094
| -15% | -$303K |
|
1806
McGrath RentCorp
MGRC
$2.92B
| $1.49M | ﹤0.01% |
16,006
+2,182
| +16% | +$216K |
|
1807
Planet Fitness
PLNT
$3.96B
| $1.44M | ﹤0.01% |
18,586
-1,246
| -6% | -$99.5K |
|
1808
Treace Medical Concepts
TMCI
$309M
| $1.44M | ﹤0.01% |
57,161
+7,013
| +14% | +$165K |
|
1809
Burlington
BURL
$23.2B
| $1.4M | ﹤0.01% |
6,934
-1,303
| -16% | -$285K |
|
1810
Star Holdings Shares of Beneficial Interest
STHO
$116M
| $1.39M | ﹤0.01% |
+80,134
| New | +$1.56M |
|
1811
Tredegar Corp
TG
$310M
| $1.39M | ﹤0.01% |
152,617
-1,607
| -1% | -$17.8K |
|
|
DEN
1812
DELISTED
Denbury Inc.
DEN
| $1.39M | ﹤0.01% |
15,893
-2,688
| -14% | -$226K |
|
|
TVRD
1813
Tvardi Therapeutics
TVRD
$23.4M
| $1.38M | ﹤0.01% |
7,802
-105
| -1% | -$35.2K |
|
1814
Avantor
AVTR
$9.19B
| $1.36M | ﹤0.01% |
64,491
-11,652
| -15% | -$266K |
|
1815
Coinbase
COIN
$40.5B
| $1.35M | ﹤0.01% |
20,008
+954
| +5% | +$57.1K |
|
1816
Royalty Pharma
RPRX
$25.2B
| $1.34M | ﹤0.01% |
37,150
+1,528
| +4% | +$56.7K |
|
1817
Restaurant Brands International
QSR
$25.8B
| $1.33M | ﹤0.01% |
+19,854
| New | +$1.29M |
|
1818
Okta
OKTA
$25.8B
| $1.32M | ﹤0.01% |
15,260
+206
| +1% | +$15.7K |
|
1819
10x Genomics
TXG
$6.61B
| $1.3M | ﹤0.01% |
23,283
-2,407
| -9% | -$112K |
|
1820
Sun Life Financial
SLF
$45.4B
| $1.29M | ﹤0.01% |
27,707
+8,642
| +45% | +$416K |
|
1821
Allogene Therapeutics
ALLO
$694M
| $1.29M | ﹤0.01% |
260,628
+9,769
| +4% | +$62.7K |
|
|
FOLD
1822
DELISTED
Amicus Therapeutics
FOLD
| $1.27M | ﹤0.01% |
114,868
-13,346
| -10% | -$165K |
|
1823
Douglas Elliman
DOUG
$162M
| $1.27M | ﹤0.01% |
429,651
-4,446
| -1% | -$17.7K |
|
|
PR
1824
Permian Resources
PR
$16.9B
| $1.27M | ﹤0.01% |
120,857
-8,186
| -6% | -$83.6K |
|
1825
Corebridge Financial
CRBG
$15B
| $1.27M | ﹤0.01% |
79,080
+331
| +0.4% | +$6.49K |
|
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.