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 |
Digital Realty Trust
DLR
|
+$405M |
| 2 |
Brookfield Asset Management
BAM
|
+$375M |
| 3 |
Gaming and Leisure Properties
GLPI
|
+$239M |
| 4 |
Welltower
WELL
|
+$218M |
| 5 |
American Tower
AMT
|
+$170M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
STOR
STORE Capital Corporation
STOR
|
+$364M |
| 2 |
Brookfield
BN
|
+$235M |
| 3 |
Equinix
EQIX
|
+$232M |
| 4 |
Guidewire Software
GWRE
|
+$191M |
| 5 |
Liberty Broadband Class C
LBRDK
|
+$151M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 16.55% |
| 2 | Technology | 15.79% |
| 3 | Financials | 15.77% |
| 4 | Industrials | 10.84% |
| 5 | Consumer Discretionary | 10.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1876
Sun Life Financial
SLF
$45.3B
| $884K | ﹤0.01% |
19,065
-4,400
| -19% | -$195K |
|
1877
Vanguard Morningstar Growth ETF
VUG
$230B
| $878K | ﹤0.01% |
+24,714
| New | +$909K |
|
1878
First Citizens BancShares
FCNCA
$25.4B
| $871K | ﹤0.01% |
1,148
-235
| -17% | -$189K |
|
1879
Tecnoglass Holdings Inc.
TGLS
$2.12B
| $863K | ﹤0.01% |
+28,056
| New | +$725K |
|
1880
Camping World
CWH
$670M
| $863K | ﹤0.01% |
38,665
-14,900
| -28% | -$386K |
|
1881
HEICO Corp
HEI
$51.3B
| $861K | ﹤0.01% |
5,601
+430
| +8% | +$67K |
|
1882
Xponential Fitness
XPOF
$281M
| $860K | ﹤0.01% |
+37,526
| New | +$774K |
|
|
BERY
1883
DELISTED
Berry Global Group, Inc.
BERY
| $851K | ﹤0.01% |
15,335
-377
| -2% | -$18.5K |
|
1884
Invesco S&P 500 Equal Weight ETF
RSP
$99.3B
| $848K | ﹤0.01% |
6,001
| – | – |
|
1885
Ultragenyx Pharmaceutical
RARE
$2.46B
| $846K | ﹤0.01% |
18,270
+2,546
| +16% | +$100K |
|
1886
Revolve Group
RVLV
$1.81B
| $846K | ﹤0.01% |
37,983
+10,056
| +36% | +$241K |
|
|
XYZ
1887
Block Inc
XYZ
$50.1B
| $841K | ﹤0.01% |
13,378
-365,033
| -96% | -$22.5M |
|
1888
Unity
U
$15.5B
| $833K | ﹤0.01% |
29,125
+5,430
| +23% | +$170K |
|
|
MIR.WS
1889
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
| $817K | ﹤0.01% |
729,113
-2,059
| -0.3% | -$2.35K |
|
1890
AerCap
AER
$24.4B
| $799K | ﹤0.01% |
13,697
+484
| +4% | +$26.7K |
|
1891
Outset Medical
OM
$94.9M
| $798K | ﹤0.01% |
2,062
+1,231
| +148% | +$347K |
|
1892
Axsome Therapeutics
AXSM
$11B
| $797K | ﹤0.01% |
10,328
+1,694
| +20% | +$101K |
|
1893
Enbridge
ENB
$113B
| $791K | ﹤0.01% |
20,239
-577
| -3% | -$22.6K |
|
1894
TriNet
TNET
$3.14B
| $775K | ﹤0.01% |
11,436
+5,986
| +110% | +$413K |
|
1895
Teck Resources
TECK
$32.4B
| $767K | ﹤0.01% |
20,311
-1,459
| -7% | -$50.5K |
|
1896
Dropbox
DBX
$8.17B
| $753K | ﹤0.01% |
33,664
+1,624
| +5% | +$35.7K |
|
1897
iRhythm Holdings
IRTC
$4.09B
| $752K | ﹤0.01% |
8,028
-4,055
| -34% | -$441K |
|
1898
StepStone Group
STEP
$4.1B
| $739K | ﹤0.01% |
29,343
+10,888
| +59% | +$304K |
|
|
AQUA
1899
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $737K | ﹤0.01% |
18,615
-2,841
| -13% | -$112K |
|
1900
Peloton Interactive
PTON
$2.82B
| $734K | ﹤0.01% |
92,382
-12,325
| -12% | -$118K |
|
Similar funds
Principal Financial Group's Q4 2022 Portfolio in Review
As of Q4 2022, Principal Financial Group held 2,612 positions worth $133B, up 5.5% from $126B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Principal Financial Group's Q4 2022 filing shows 120 new, 876 increased, 1,421 reduced and 175 closed positions. Its largest new stake was Brookfield Asset Management: 12,455,054 shares worth $357M. The largest sale was STORE Capital Corporation, an estimated $364M.
By sector, the portfolio is most concentrated in Real Estate at 17% of assets, down from 17% a quarter earlier, followed by Technology and Financials.
- Principal Financial Group's largest Q4 2022 buy was Brookfield Asset Management: 12,455,054 shares worth $357M.
- Principal Financial Group added most to Digital Realty Trust in Q4 2022, an estimated $405M increase.
- Principal Financial Group's biggest Q4 2022 reduction was STORE Capital Corporation, cutting an estimated $364M.
- Principal Financial Group fully exited Petrobras in Q4 2022, selling an estimated $59M.
- Principal Financial Group's ten largest holdings make up 14% of its $133B portfolio in Q4 2022.
- Principal Financial Group opened 120 new positions and closed 175 in Q4 2022.
- Principal Financial Group's portfolio value rose 5.5% quarter-over-quarter to $133B.
Based on Principal Financial Group's 13F filing for Q4 2022, filed 9 Feb 2023.