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 MBS ETF
MBB
|
+$249M |
| 2 |
Host Hotels & Resorts
HST
|
+$199M |
| 3 |
Wayfair
W
|
+$197M |
| 4 |
AerCap
AER
|
+$115M |
| 5 |
Fastenal
FAST
|
+$98.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$223M |
| 2 |
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
|
+$174M |
| 3 |
Apple
AAPL
|
+$133M |
| 4 |
Scotiabank
BNS
|
+$121M |
| 5 |
Simon Property Group
SPG
|
+$109M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 16.64% |
| 2 | Financials | 16.14% |
| 3 | Technology | 14.76% |
| 4 | Consumer Discretionary | 11.12% |
| 5 | Industrials | 9.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1951
Novanta
NOVT
$4.95B
| $477K | ﹤0.01% |
5,839
+1,278
| +28% | +$104K |
|
1952
TAL Education Group
TAL
$6.85B
| $477K | ﹤0.01% |
13,945
-932,834
| -99% | -$32.5M |
|
|
PE
1953
DELISTED
PARSLEY ENERGY INC
PE
| $477K | ﹤0.01% |
28,394
-26,236
| -48% | -$451K |
|
|
HTLF
1954
DELISTED
Heartland Financial USA, Inc.
HTLF
| $476K | ﹤0.01% |
10,632
+704
| +7% | +$31.4K |
|
1955
AtriCure
ATRC
$2.04B
| $469K | ﹤0.01% |
18,802
+1,034
| +6% | +$29.5K |
|
|
BAND
1956
Bandwidth Inc
BAND
$1.25B
| $469K | ﹤0.01% |
7,196
+520
| +8% | +$40.5K |
|
|
1957
Scotiabank
BNS
$107B
| $466K | ﹤0.01% |
8,195
-2,260,118
| -100% | -$121M |
|
1958
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.4B
| $466K | ﹤0.01% |
4,283
-27
| -0.6% | -$2.92K |
|
|
BHVN
1959
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
| $465K | ﹤0.01% |
11,148
+5,216
| +88% | +$220K |
|
1960
RBC Bearings
RBC
$17.8B
| $463K | ﹤0.01% |
2,793
+485
| +21% | +$78.4K |
|
|
NSTG
1961
DELISTED
NanoString Technologies, Inc.
NSTG
| $459K | ﹤0.01% |
21,241
+1,028
| +5% | +$27.3K |
|
|
SASR
1962
DELISTED
Sandy Spring Bancorp Inc
SASR
| $458K | ﹤0.01% |
13,598
+910
| +7% | +$31.5K |
|
1963
Outfront Media
OUT
$5.62B
| $457K | ﹤0.01% |
16,717
-4
| -0% | -$107 |
|
1964
Erie Indemnity
ERIE
$12.2B
| $456K | ﹤0.01% |
2,457
-212
| -8% | -$48.1K |
|
1965
Melco Resorts & Entertainment
MLCO
$2.24B
| $454K | ﹤0.01% |
23,393
+3,788
| +19% | +$82.2K |
|
1966
Western Alliance Bancorporation
WAL
$8.87B
| $452K | ﹤0.01% |
9,804
-300
| -3% | -$13.5K |
|
1967
iShares Core MSCI EAFE ETF
IEFA
$192B
| $448K | ﹤0.01% |
7,339
+2,487
| +51% | +$150K |
|
1968
Ironwood Pharmaceuticals
IRWD
$614M
| $448K | ﹤0.01% |
52,177
+4,560
| +10% | +$44.3K |
|
|
GRA
1969
DELISTED
W.R. Grace & Co.
GRA
| $447K | ﹤0.01% |
6,694
-1,096
| -14% | -$76.8K |
|
|
ALDR
1970
DELISTED
Alder Biopharmaceuticals
ALDR
| $445K | ﹤0.01% |
23,572
+11,311
| +92% | +$129K |
|
1971
Builders FirstSource
BLDR
$7.1B
| $443K | ﹤0.01% |
21,551
+3,556
| +20% | +$66.3K |
|
1972
Banco Bilbao Vizcaya Argentaria
BBVA
$152B
| $442K | ﹤0.01% |
85,000
| – | – |
|
1973
Paylocity
PCTY
$7.32B
| $441K | ﹤0.01% |
4,520
-1,055
| -19% | -$108K |
|
1974
State Street SPDR S&P 600 Small Cap Value ETF
SLYV
$4.89B
| $440K | ﹤0.01% |
7,185
+708
| +11% | +$42.5K |
|
1975
ING
ING
$99.8B
| $439K | ﹤0.01% |
42,000
+2,000
| +5% | +$21K |
|
Similar funds
Principal Financial Group's Q3 2019 Portfolio in Review
As of Q3 2019, Principal Financial Group held 2,307 positions worth $113B, up 2% from $111B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Principal Financial Group's Q3 2019 filing shows 81 new, 938 increased, 1,207 reduced and 62 closed positions. Its largest new stake was State Street SPDR Portfolio Intermediate Term Corporate Bond ETF: 1,179,809 shares worth $41.6M. The largest sale was State Street SPDR Bloomberg High Yield Bond ETF, an estimated $223M.
By sector, the portfolio is most concentrated in Real Estate at 17% of assets, up from 16% a quarter earlier, followed by Financials and Technology.
- Principal Financial Group's largest Q3 2019 buy was State Street SPDR Portfolio Intermediate Term Corporate Bond ETF: 1,179,809 shares worth $41.6M.
- Principal Financial Group added most to iShares MBS ETF in Q3 2019, an estimated $249M increase.
- Principal Financial Group's biggest Q3 2019 reduction was State Street SPDR Bloomberg High Yield Bond ETF, cutting an estimated $223M.
- Principal Financial Group fully exited Anadarko Petroleum in Q3 2019, selling an estimated $55.2M.
- Principal Financial Group's ten largest holdings make up 11% of its $113B portfolio in Q3 2019.
- Principal Financial Group opened 81 new positions and closed 62 in Q3 2019.
- Principal Financial Group's portfolio value rose 2% quarter-over-quarter to $113B.
Based on Principal Financial Group's 13F filing for Q3 2019, filed 13 Nov 2019.