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 |
Equinix
EQIX
|
+$334M |
| 2 |
Welltower
WELL
|
+$214M |
| 3 |
Brookfield
BN
|
+$175M |
| 4 |
Extra Space Storage
EXR
|
+$158M |
| 5 |
MSCI
MSCI
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BKI
Black Knight, Inc. Common Stock
BKI
|
+$373M |
| 2 |
Dollar General
DG
|
+$238M |
| 3 |
Moody's
MCO
|
+$192M |
| 4 |
CubeSmart
CUBE
|
+$184M |
| 5 |
Equity Lifestyle Properties
ELS
|
+$166M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.93% |
| 2 | Financials | 15.34% |
| 3 | Real Estate | 15.22% |
| 4 | Consumer Discretionary | 11.31% |
| 5 | Industrials | 11.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1826
Avantor
AVTR
$9.04B
| $1.12M | ﹤0.01% |
53,019
+2,750
| +5% | +$58.5K |
|
1827
iShares MSCI USA Quality Factor ETF
QUAL
$47.7B
| $1.11M | ﹤0.01% |
8,432
+887
| +12% | +$121K |
|
1828
Vaxcyte
PCVX
$8.07B
| $1.1M | ﹤0.01% |
21,632
-524
| -2% | -$25.9K |
|
1829
Burlington
BURL
$23.2B
| $1.08M | ﹤0.01% |
7,986
+267
| +3% | +$42.8K |
|
1830
Dillards
DDS
$9.63B
| $1.08M | ﹤0.01% |
3,259
+1,039
| +47% | +$343K |
|
1831
Futu Holdings
FUTU
$15.5B
| $1.07M | ﹤0.01% |
18,532
+757
| +4% | +$40.4K |
|
|
DOCU
1832
DocuSign
DOCU
$11B
| $1.05M | ﹤0.01% |
25,027
+859
| +4% | +$42.1K |
|
1833
Expro Ltd
XPRO
$1.83B
| $1.05M | ﹤0.01% |
45,243
+26,356
| +140% | +$594K |
|
1834
Vertiv
VRT
$107B
| $1.05M | ﹤0.01% |
28,177
-542,170
| -95% | -$17.9M |
|
|
CLLS
1835
Cellectis
CLLS
$281M
| $1.04M | ﹤0.01% |
656,600
-10,441
| -2% | -$20.4K |
|
|
APLS
1836
DELISTED
Apellis Pharmaceuticals
APLS
| $1.03M | ﹤0.01% |
26,983
-23,973
| -47% | -$1.05M |
|
1837
Okta
OKTA
$25.6B
| $1.01M | ﹤0.01% |
12,339
+694
| +6% | +$52.6K |
|
1838
AppFolio
APPF
$6.84B
| $1M | ﹤0.01% |
5,492
-267
| -5% | -$48.4K |
|
1839
Veracyte
VCYT
$3.71B
| $997K | ﹤0.01% |
44,666
+12,674
| +40% | +$326K |
|
1840
PJT Partners
PJT
$4.45B
| $997K | ﹤0.01% |
12,550
+3,363
| +37% | +$260K |
|
|
BBU
1841
DELISTED
Brookfield Business Partners
BBU
| $991K | ﹤0.01% |
65,176
+28,541
| +78% | +$477K |
|
1842
Transmedics
TMDX
$2.64B
| $989K | ﹤0.01% |
18,071
-8,608
| -32% | -$620K |
|
1843
Sterling Infrastructure
STRL
$16.4B
| $987K | ﹤0.01% |
13,434
+3,586
| +36% | +$251K |
|
1844
Nutrien
NTR
$32.1B
| $982K | ﹤0.01% |
15,835
-55,600
| -78% | -$3.52M |
|
|
MIR.WS
1845
DELISTED
Mirion Technologies, Inc. Redeemable Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50
MIR.WS
| $982K | ﹤0.01% |
727,186
-16
| -0% | -$24 |
|
1846
10x Genomics
TXG
$6.03B
| $979K | ﹤0.01% |
23,741
+948
| +4% | +$49.3K |
|
1847
Remitly
RELY
$5.07B
| $976K | ﹤0.01% |
38,686
+3,709
| +11% | +$83.7K |
|
1848
Stevanato
STVN
$5.49B
| $951K | ﹤0.01% |
32,000
-7,987
| -20% | -$250K |
|
1849
Vanguard Morningstar Small-Cap ETF
VB
$81.6B
| $938K | ﹤0.01% |
4,964
+468
| +10% | +$93.2K |
|
|
CNH
1850
CNH Industrial
CNH
$13.4B
| $929K | ﹤0.01% |
76,778
+3,983
| +5% | +$55.2K |
|
Similar funds
Principal Financial Group's Q3 2023 Portfolio in Review
As of Q3 2023, Principal Financial Group held 2,502 positions worth $139B, down 4.9% from $146B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Principal Financial Group's Q3 2023 filing shows 85 new, 937 increased, 1,382 reduced and 66 closed positions. Its largest new stake was TKO Group: 1,062,731 shares worth $89.3M. The largest sale was Black Knight, Inc. Common Stock, an estimated $373M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 18% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q3 2023 buy was TKO Group: 1,062,731 shares worth $89.3M.
- Principal Financial Group added most to Equinix in Q3 2023, an estimated $334M increase.
- Principal Financial Group's biggest Q3 2023 reduction was Dollar General, cutting an estimated $238M.
- Principal Financial Group fully exited Black Knight, Inc. Common Stock in Q3 2023, selling an estimated $373M.
- Principal Financial Group's ten largest holdings make up 17% of its $139B portfolio in Q3 2023.
- Principal Financial Group opened 85 new positions and closed 66 in Q3 2023.
- Principal Financial Group's portfolio value fell 4.9% quarter-over-quarter to $139B.
Based on Principal Financial Group's 13F filing for Q3 2023, filed 2 Nov 2023.