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 | |
|---|---|---|---|---|---|---|
1926
Coastal Financial
CCB
$626M
| $648K | ﹤0.01% |
7,630
+653
| +9% | +$45.6K |
|
1927
Paysafe
PSFE
$414M
| $645K | ﹤0.01% |
37,727
+3,651
| +11% | +$73.9K |
|
1928
Byline Bancorp
BY
$1.78B
| $639K | ﹤0.01% |
22,018
+1,854
| +9% | +$53.8K |
|
|
SMAR
1929
DELISTED
Smartsheet Inc.
SMAR
| $637K | ﹤0.01% |
11,375
-163
| -1% | -$9.12K |
|
1930
Amalgamated Financial
AMAL
$1.48B
| $636K | ﹤0.01% |
18,992
+1,722
| +10% | +$59.2K |
|
1931
TechnipFMC
FTI
$28.1B
| $631K | ﹤0.01% |
21,818
-117,133
| -84% | -$3.33M |
|
1932
Old Second Bancorp
OSBC
$1.29B
| $628K | ﹤0.01% |
35,325
+3,082
| +10% | +$53.6K |
|
1933
Select Water Solutions
WTTR
$2.3B
| $619K | ﹤0.01% |
46,781
+3,412
| +8% | +$43.4K |
|
1934
Grindr
GRND
$3.08B
| $605K | ﹤0.01% |
33,919
+3,341
| +11% | +$48.7K |
|
1935
Vanguard Morningstar Small-Cap ETF
VB
$80.7B
| $605K | ﹤0.01% |
2,516
+261
| +12% | +$64.2K |
|
1936
Varex Imaging
VREX
$472M
| $600K | ﹤0.01% |
41,144
+3,914
| +11% | +$54.7K |
|
1937
Zillow
Z
$7.79B
| $595K | ﹤0.01% |
8,039
-2,326
| -22% | -$166K |
|
1938
monday.com
MNDY
$3.68B
| $586K | ﹤0.01% |
2,489
-50,817
| -95% | -$14.1M |
|
1939
Peoples Bancorp
PEBO
$1.5B
| $584K | ﹤0.01% |
18,430
+1,339
| +8% | +$43.9K |
|
1940
Miller Industries
MLR
$573M
| $581K | ﹤0.01% |
8,887
+757
| +9% | +$51.5K |
|
1941
MiMedx Group
MDXG
$602M
| $579K | ﹤0.01% |
60,226
+4,731
| +9% | +$36.9K |
|
1942
GitLab
GTLB
$5.83B
| $578K | ﹤0.01% |
10,254
+48
| +0.5% | +$2.8K |
|
1943
Casella Waste Systems
CWST
$5.71B
| $564K | ﹤0.01% |
5,333
-400
| -7% | -$42.2K |
|
1944
Rivian
RIVN
$22B
| $564K | ﹤0.01% |
42,390
-11,050
| -21% | -$127K |
|
|
CCRN
1945
DELISTED
Cross Country Healthcare
CCRN
| $563K | ﹤0.01% |
30,994
-144,807
| -82% | -$1.95M |
|
1946
Petrobras
PBR
$125B
| $559K | ﹤0.01% |
43,486
+1,381
| +3% | +$19.3K |
|
1947
iShares S&P 500 Growth ETF
IVW
$75.5B
| $559K | ﹤0.01% |
+5,501
| New | +$549K |
|
1948
Schwab US Large- Cap ETF
SCHX
$72.9B
| $553K | ﹤0.01% |
23,878
-14
| -0.1% | -$326 |
|
1949
Revolution Medicines
RVMD
$39.9B
| $548K | ﹤0.01% |
12,533
-414
| -3% | -$20.9K |
|
|
GRP.U
1950
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $548K | ﹤0.01% |
11,300
-200
| -2% | -$10.7K |
|
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.