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 |
Brookfield
BN
|
+$176M |
| 2 |
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
|
+$156M |
| 3 |
HEICO Corp Class A
HEI.A
|
+$138M |
| 4 |
Ventas
VTR
|
+$108M |
| 5 |
Cemex
CX
|
+$99.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$263M |
| 2 |
TransDigm Group
TDG
|
+$180M |
| 3 |
Verizon
VZ
|
+$174M |
| 4 |
Moody's
MCO
|
+$153M |
| 5 |
Digital Realty Trust
DLR
|
+$140M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.26% |
| 2 | Real Estate | 15.51% |
| 3 | Financials | 14.64% |
| 4 | Industrials | 11.51% |
| 5 | Consumer Discretionary | 11.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1851
Elanco Animal Health
ELAN
$13.2B
| $969K | ﹤0.01% |
96,299
-14,144
| -13% | -$131K |
|
1852
El Pollo Loco
LOCO
$501M
| $964K | ﹤0.01% |
109,871
-9,099
| -8% | -$85.2K |
|
|
KDNY
1853
DELISTED
Chinook Therapeutics, Inc. Common Stock
KDNY
| $945K | ﹤0.01% |
24,599
+355
| +1% | +$9.12K |
|
1854
iShares US Treasury Bond ETF
GOVT
$43.6B
| $944K | ﹤0.01% |
41,237
+1,650
| +4% | +$38.3K |
|
|
BPMC
1855
DELISTED
Blueprint Medicines
BPMC
| $931K | ﹤0.01% |
14,736
-273
| -2% | -$14.8K |
|
1856
Invesco S&P 500 Equal Weight ETF
RSP
$97B
| $898K | ﹤0.01% |
6,001
| – | – |
|
1857
Vanguard Morningstar Small-Cap ETF
VB
$79.5B
| $894K | ﹤0.01% |
4,496
+1,179
| +36% | +$223K |
|
|
1858
HEICO Corp
HEI
$49.8B
| $893K | ﹤0.01% |
5,048
+286
| +6% | +$48.2K |
|
1859
BILL Holdings
BILL
$4.49B
| $893K | ﹤0.01% |
7,641
-2,241
| -23% | -$213K |
|
1860
Madrigal Pharmaceuticals
MDGL
$10.8B
| $880K | ﹤0.01% |
3,811
-119
| -3% | -$32.2K |
|
|
SOVO
1861
DELISTED
Sovos Brands, Inc. Common Stock
SOVO
| $875K | ﹤0.01% |
+44,717
| New | +$807K |
|
1862
Magnolia Oil & Gas
MGY
$6.09B
| $870K | ﹤0.01% |
41,617
-14
| -0% | -$290 |
|
1863
Vistra
VST
$50B
| $863K | ﹤0.01% |
32,884
-7,887
| -19% | -$193K |
|
1864
Royalty Pharma
RPRX
$25.9B
| $850K | ﹤0.01% |
27,665
-9,485
| -26% | -$321K |
|
|
CERE
1865
DELISTED
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
| $845K | ﹤0.01% |
26,572
-1,607
| -6% | -$49.3K |
|
1866
iShares Broad USD High Yield Corporate Bond ETF
USHY
$29.3B
| $837K | ﹤0.01% |
23,725
+3,825
| +19% | +$134K |
|
1867
Intellia Therapeutics
NTLA
$1.49B
| $837K | ﹤0.01% |
20,525
+721
| +4% | +$29.2K |
|
|
ARCH
1868
DELISTED
Arch Resources, Inc.
ARCH
| $826K | ﹤0.01% |
7,326
-4,097
| -36% | -$491K |
|
1869
Veracyte
VCYT
$3.7B
| $815K | ﹤0.01% |
31,992
+13,081
| +69% | +$317K |
|
1870
MiMedx Group
MDXG
$602M
| $813K | ﹤0.01% |
123,044
+90,153
| +274% | +$460K |
|
1871
Okta
OKTA
$24.7B
| $808K | ﹤0.01% |
11,645
-3,615
| -24% | -$275K |
|
1872
WillScot Mobile Mini Holdings
WSC
$4.39B
| $807K | ﹤0.01% |
16,884
-176,948
| -91% | -$7.91M |
|
1873
Albertsons Companies
ACI
$5.62B
| $799K | ﹤0.01% |
36,616
+9,338
| +34% | +$194K |
|
1874
Pacific Biosciences
PACB
$435M
| $794K | ﹤0.01% |
59,736
-955
| -2% | -$11.6K |
|
1875
Camping World
CWH
$639M
| $787K | ﹤0.01% |
26,162
-11,750
| -31% | -$296K |
|
Similar funds
Principal Financial Group's Q2 2023 Portfolio in Review
As of Q2 2023, Principal Financial Group held 2,561 positions worth $146B, up 4.6% from $140B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Principal Financial Group's Q2 2023 filing shows 98 new, 623 increased, 1,664 reduced and 142 closed positions. Its largest new stake was Crane Co: 418,475 shares worth $37.3M. The largest sale was Microsoft, an estimated $263M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Real Estate and Financials.
- Principal Financial Group's largest Q2 2023 buy was Crane Co: 418,475 shares worth $37.3M.
- Principal Financial Group added most to Brookfield in Q2 2023, an estimated $176M increase.
- Principal Financial Group's biggest Q2 2023 reduction was Microsoft, cutting an estimated $263M.
- Principal Financial Group fully exited iShares Broad USD Investment Grade Corporate Bond ETF in Q2 2023, selling an estimated $92.6M.
- Principal Financial Group's ten largest holdings make up 17% of its $146B portfolio in Q2 2023.
- Principal Financial Group opened 98 new positions and closed 142 in Q2 2023.
- Principal Financial Group's portfolio value rose 4.6% quarter-over-quarter to $146B.
Based on Principal Financial Group's 13F filing for Q2 2023, filed 7 Aug 2023.