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
|
+$274M |
| 2 |
Visa
V
|
+$215M |
| 3 |
Toronto Dominion Bank
TD
|
+$209M |
| 4 |
Canadian National Railway
CNI
|
+$206M |
| 5 |
HEICO Corp Class A
HEI.A
|
+$199M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Principal Exchange-Traded Funds Principal US Small-Cap ETF
PSC
|
+$423M |
| 2 |
NVIDIA
NVDA
|
+$253M |
| 3 |
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
|
+$245M |
| 4 |
Invitation Homes
INVH
|
+$236M |
| 5 |
Mettler-Toledo International
MTD
|
+$174M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.55% |
| 2 | Real Estate | 17.45% |
| 3 | Financials | 14.34% |
| 4 | Consumer Discretionary | 11.05% |
| 5 | Industrials | 9.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1951
Powell Industries
POWL
$7.55B
| $1.16M | ﹤0.01% |
179,247
-1,089
| -0.6% | -$8.9K |
|
1952
Rapid7
RPD
$694M
| $1.14M | ﹤0.01% |
10,217
+648
| +7% | +$65.1K |
|
1953
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.6B
| $1.12M | ﹤0.01% |
+16,883
| New | +$1.15M |
|
1954
Ionis Pharmaceuticals
IONS
$9.06B
| $1.12M | ﹤0.01% |
30,211
-1,544
| -5% | -$50.5K |
|
1955
Prothena Corp
PRTA
$449M
| $1.12M | ﹤0.01% |
30,573
-9,952
| -25% | -$359K |
|
1956
Kornit Digital
KRNT
$772M
| $1.11M | ﹤0.01% |
13,426
+1,960
| +17% | +$189K |
|
1957
Vanguard Morningstar Growth ETF
VUG
$229B
| $1.1M | ﹤0.01% |
+22,962
| New | +$1.09M |
|
1958
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
$3.18B
| $1.09M | ﹤0.01% |
39,672
-40,000
| -50% | -$1.15M |
|
|
PPLI
1959
People Inc
PPLI
$3.2B
| $1.09M | ﹤0.01% |
13,240
-1,442
| -10% | -$140K |
|
|
BPMC
1960
DELISTED
Blueprint Medicines
BPMC
| $1.09M | ﹤0.01% |
17,019
+339
| +2% | +$24.3K |
|
|
SILK
1961
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $1.08M | ﹤0.01% |
26,237
-8,064
| -24% | -$284K |
|
1962
Qiagen
QGEN
$8.61B
| $1.08M | ﹤0.01% |
20,801
+6,395
| +44% | +$330K |
|
1963
iShare MSCI Eurozone ETF
EZU
$9.84B
| $1.07M | ﹤0.01% |
+24,842
| New | +$1.13M |
|
1964
Gaming and Leisure Properties
GLPI
$12.8B
| $1.06M | ﹤0.01% |
22,637
+7,566
| +50% | +$340K |
|
1965
Aramark
ARMK
$14.8B
| $1.05M | ﹤0.01% |
38,833
+9,633
| +33% | +$251K |
|
|
AVLR
1966
DELISTED
Avalara, Inc.
AVLR
| $1.05M | ﹤0.01% |
10,506
-797
| -7% | -$80.8K |
|
|
ICPT
1967
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $1.04M | ﹤0.01% |
63,994
-30,817
| -33% | -$483K |
|
1968
Ultragenyx Pharmaceutical
RARE
$2.55B
| $1.03M | ﹤0.01% |
14,195
-208
| -1% | -$14.5K |
|
1969
Zillow
Z
$7.52B
| $1.02M | ﹤0.01% |
20,713
-1,673
| -7% | -$89.9K |
|
1970
Invesco S&P 500 Equal Weight ETF
RSP
$98.8B
| $1.01M | ﹤0.01% |
+6,431
| New | +$1M |
|
|
OSH
1971
DELISTED
Oak Street Health, Inc.
OSH
| $1.01M | ﹤0.01% |
37,590
-4,061
| -10% | -$85.6K |
|
1972
Alpha and Omega Semiconductor
AOSL
$998M
| $1M | ﹤0.01% |
18,313
-12,576
| -41% | -$654K |
|
1973
Dell
DELL
$283B
| $1M | ﹤0.01% |
19,930
+71
| +0.4% | +$3.96K |
|
1974
Fate Therapeutics
FATE
$290M
| $999K | ﹤0.01% |
25,768
-43,891
| -63% | -$1.7M |
|
1975
Kadant
KAI
$3.95B
| $986K | ﹤0.01% |
5,077
-1,444
| -22% | -$295K |
|
Similar funds
Principal Financial Group's Q1 2022 Portfolio in Review
As of Q1 2022, Principal Financial Group held 2,636 positions worth $159B, down 5.3% from $168B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Principal Financial Group's Q1 2022 filing shows 113 new, 868 increased, 1,537 reduced and 97 closed positions. Its largest new stake was Toronto Dominion Bank: 2,598,948 shares worth $206M. The largest sale was Principal Exchange-Traded Funds Principal US Small-Cap ETF, an estimated $423M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 19% a quarter earlier, followed by Real Estate and Financials.
- Principal Financial Group's largest Q1 2022 buy was Toronto Dominion Bank: 2,598,948 shares worth $206M.
- Principal Financial Group added most to Brookfield in Q1 2022, an estimated $274M increase.
- Principal Financial Group's biggest Q1 2022 reduction was Principal Exchange-Traded Funds Principal US Small-Cap ETF, cutting an estimated $423M.
- Principal Financial Group fully exited Sterling Bancorp in Q1 2022, selling an estimated $93.8M.
- Principal Financial Group's ten largest holdings make up 15% of its $159B portfolio in Q1 2022.
- Principal Financial Group opened 113 new positions and closed 97 in Q1 2022.
- Principal Financial Group's portfolio value fell 5.3% quarter-over-quarter to $159B.
Based on Principal Financial Group's 13F filing for Q1 2022, filed 9 May 2022.