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 |
Linde
LIN
|
+$219M |
| 2 |
TCO
Taubman Centers Inc.
TCO
|
+$96.5M |
| 3 |
WIX.com
WIX
|
+$96.5M |
| 4 |
iShares Russell 2000 Value ETF
IWN
|
+$84.9M |
| 5 |
American Homes 4 Rent
AMH
|
+$72.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ross Stores
ROST
|
+$250M |
| 2 |
Simon Property Group
SPG
|
+$202M |
| 3 |
PX
Praxair Inc
PX
|
+$171M |
| 4 |
Alibaba
BABA
|
+$160M |
| 5 |
O'Reilly Automotive
ORLY
|
+$146M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.16% |
| 2 | Real Estate | 15.05% |
| 3 | Technology | 13.99% |
| 4 | Consumer Discretionary | 11.2% |
| 5 | Healthcare | 9.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1951
iShares US Aerospace & Defense ETF
ITA
$14.1B
| $426K | ﹤0.01% |
+4,924
| New | +$475K |
|
1952
Kinsale Capital Group
KNSL
$8.11B
| $425K | ﹤0.01% |
7,652
+1,182
| +18% | +$69.8K |
|
1953
Travere Therapeutics
TVTX
$5.33B
| $422K | ﹤0.01% |
18,652
-8,507
| -31% | -$212K |
|
1954
Penumbra
PEN
$12.6B
| $420K | ﹤0.01% |
3,435
-18,090
| -84% | -$2.42M |
|
1955
PJT Partners
PJT
$4.33B
| $420K | ﹤0.01% |
10,848
+469
| +5% | +$21K |
|
1956
Vanguard FTSE All-World ex-US ETF
VEU
$66.8B
| $419K | ﹤0.01% |
+9,189
| New | +$441K |
|
1957
Invesco Short Term Treasury ETF
TBLL
$2.61B
| $418K | ﹤0.01% |
+3,964
| New | +$418K |
|
1958
Cerus
CERS
$579M
| $413K | ﹤0.01% |
81,368
+36,410
| +81% | +$211K |
|
1959
HEICO Corp
HEI
$49.5B
| $410K | ﹤0.01% |
5,288
-1,348
| -20% | -$112K |
|
1960
AXIS Capital
AXS
$7.67B
| $409K | ﹤0.01% |
7,925
-1,816
| -19% | -$99.3K |
|
1961
ING
ING
$99.8B
| $405K | ﹤0.01% |
38,000
| – | – |
|
1962
Erie Indemnity
ERIE
$12.2B
| $404K | ﹤0.01% |
3,028
-327
| -10% | -$42.4K |
|
1963
Vanguard Morningstar Value ETF
VTV
$188B
| $399K | ﹤0.01% |
+4,072
| New | +$428K |
|
1964
Ironwood Pharmaceuticals
IRWD
$614M
| $398K | ﹤0.01% |
45,907
-10,929
| -19% | -$125K |
|
1965
FIVE9
FIVN
$2.12B
| $395K | ﹤0.01% |
9,036
-4,146
| -31% | -$167K |
|
1966
CareDx
CDNA
$1.97B
| $393K | ﹤0.01% |
+15,635
| New | +$402K |
|
1967
Acco Brands
ACCO
$390M
| $391K | ﹤0.01% |
57,571
+23,234
| +68% | +$199K |
|
|
RCM
1968
DELISTED
R1 RCM Inc. Common Stock
RCM
| $391K | ﹤0.01% |
49,161
+28,563
| +139% | +$247K |
|
1969
AtriCure
ATRC
$2.04B
| $387K | ﹤0.01% |
12,635
+5,883
| +87% | +$183K |
|
1970
Brixmor Property Group
BRX
$9.67B
| $385K | ﹤0.01% |
26,177
-5,241
| -17% | -$82.6K |
|
1971
Kadant
KAI
$3.63B
| $384K | ﹤0.01% |
4,713
-1,307
| -22% | -$122K |
|
1972
FB Financial Corp
FBK
$3B
| $379K | ﹤0.01% |
10,822
+1,145
| +12% | +$42K |
|
|
GRA
1973
DELISTED
W.R. Grace & Co.
GRA
| $378K | ﹤0.01% |
5,826
-3,149
| -35% | -$204K |
|
1974
Upland Software
UPLD
$13.6M
| $377K | ﹤0.01% |
1,386
+532
| +62% | +$160K |
|
|
CIT
1975
DELISTED
CIT Group Inc.
CIT
| $377K | ﹤0.01% |
9,851
-6,289
| -39% | -$285K |
|
Similar funds
Principal Financial Group's Q4 2018 Portfolio in Review
As of Q4 2018, Principal Financial Group held 2,412 positions worth $93.8B, down 17% from $113B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Principal Financial Group withdrew a net $4.07B in Q4 2018, closing 172 positions and reducing 1,316 holdings. Its most notable exit was Praxair Inc, an estimated $171M position sold in full.
By sector, the portfolio is most concentrated in Financials at 16% of assets, down from 17% a quarter earlier, followed by Real Estate and Technology.
Against the trend, Principal Financial Group opened a new position in Linde worth $216M.
- Principal Financial Group's largest Q4 2018 buy was Linde: 1,382,859 shares worth $216M.
- Principal Financial Group added most to Taubman Centers Inc. in Q4 2018, an estimated $96.5M increase.
- Principal Financial Group's biggest Q4 2018 reduction was Ross Stores, cutting an estimated $250M.
- Principal Financial Group fully exited Praxair Inc in Q4 2018, selling an estimated $171M.
- Principal Financial Group's ten largest holdings make up 11% of its $93.8B portfolio in Q4 2018.
- Principal Financial Group opened 124 new positions and closed 172 in Q4 2018.
- Principal Financial Group's portfolio value fell 17% quarter-over-quarter to $93.8B.
Based on Principal Financial Group's 13F filing for Q4 2018, filed 14 Feb 2019.