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 | |
|---|---|---|---|---|---|---|
1826
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.86B
| $1.5M | ﹤0.01% |
20,000
-197,819
| -91% | -$15.4M |
|
1827
Pinterest
PINS
$14B
| $1.47M | ﹤0.01% |
50,546
-141,033
| -74% | -$4.43M |
|
1828
iShares Select U.S. REIT ETF
ICF
$2.08B
| $1.46M | ﹤0.01% |
+24,310
| New | +$1.55M |
|
1829
VanEck Gold Miners ETF
GDX
$23.8B
| $1.46M | ﹤0.01% |
42,939
+11,082
| +35% | +$425K |
|
1830
Corsair Gaming
CRSR
$1.18B
| $1.45M | ﹤0.01% |
218,742
+7,351
| +3% | +$51K |
|
|
SRDX
1831
DELISTED
Surmodics
SRDX
| $1.43M | ﹤0.01% |
36,061
+5,365
| +17% | +$209K |
|
1832
Nutanix
NTNX
$16.4B
| $1.42M | ﹤0.01% |
23,154
+5,664
| +32% | +$370K |
|
|
BPMC
1833
DELISTED
Blueprint Medicines
BPMC
| $1.41M | ﹤0.01% |
16,183
+5,145
| +47% | +$471K |
|
1834
Zscaler
ZS
$25.9B
| $1.41M | ﹤0.01% |
7,818
-84
| -1% | -$16.3K |
|
1835
Sun Life Financial
SLF
$45.7B
| $1.4M | ﹤0.01% |
23,633
+6,000
| +34% | +$354K |
|
1836
MongoDB
MDB
$30.1B
| $1.4M | ﹤0.01% |
5,999
-96
| -2% | -$27.1K |
|
1837
Toast
TOST
$19.4B
| $1.39M | ﹤0.01% |
38,126
-7
| -0% | -$246 |
|
1838
Astera Labs
ALAB
$58.8B
| $1.39M | ﹤0.01% |
+10,477
| New | +$983K |
|
1839
Delcath Systems
DCTH
$452M
| $1.39M | ﹤0.01% |
115,183
+25,736
| +29% | +$272K |
|
1840
Carvana
CVNA
$75.2B
| $1.37M | ﹤0.01% |
33,785
-4,905
| -13% | -$220K |
|
1841
RxSight
RXST
$256M
| $1.37M | ﹤0.01% |
39,925
+3,879
| +11% | +$175K |
|
1842
GigaCloud Technology
GCT
$1.69B
| $1.36M | ﹤0.01% |
73,206
+10,446
| +17% | +$242K |
|
1843
Suzano
SUZ
$10.4B
| $1.32M | ﹤0.01% |
130,732
-8,836
| -6% | -$90.4K |
|
1844
Vale
VALE
$62B
| $1.32M | ﹤0.01% |
148,773
-9,788
| -6% | -$99.6K |
|
1845
JD.com
JD
$44.2B
| $1.32M | ﹤0.01% |
+38,041
| New | +$1.47M |
|
1846
Coca-Cola Europacific Partners
CCEP
$45.7B
| $1.3M | ﹤0.01% |
16,910
+375
| +2% | +$29K |
|
1847
Bumble
BMBL
$403M
| $1.29M | ﹤0.01% |
158,790
+15,958
| +11% | +$123K |
|
1848
Veracyte
VCYT
$3.63B
| $1.29M | ﹤0.01% |
32,560
+2,074
| +7% | +$78.5K |
|
|
PLGO
1849
Pelagos Insurance Capital
PLGO
$2.17B
| $1.27M | ﹤0.01% |
70,149
+6,786
| +11% | +$126K |
|
1850
VSE Corp
VSEC
$5.81B
| $1.27M | ﹤0.01% |
13,305
-8,762
| -40% | -$923K |
|
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.