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 | |
|---|---|---|---|---|---|---|
176
Novartis
NVS
$297B
| $201M | 0.13% |
2,293,107
+14,914
| +0.7% | +$1.29M |
|
177
United Parcel Service
UPS
$88.6B
| $199M | 0.13% |
929,420
-7,787
| -0.8% | -$1.65M |
|
178
Travel + Leisure Co
TNL
$4.66B
| $197M | 0.12% |
3,403,622
+27,474
| +0.8% | +$1.55M |
|
179
Crown Castle
CCI
$33.3B
| $195M | 0.12% |
1,056,475
+231,272
| +28% | +$41.2M |
|
|
PSB
180
DELISTED
PS Business Parks, Inc.
PSB
| $195M | 0.12% |
1,158,712
+66,659
| +6% | +$11M |
|
181
Weyerhaeuser
WY
$18B
| $194M | 0.12% |
5,111,810
-494,841
| -9% | -$19.6M |
|
182
Enterprise Products Partners
EPD
$82.3B
| $194M | 0.12% |
7,497,663
+2,365,880
| +46% | +$57.4M |
|
183
Oracle
ORCL
$374B
| $191M | 0.12% |
2,306,264
-119,788
| -5% | -$9.7M |
|
184
Xcel Energy
XEL
$48.8B
| $190M | 0.12% |
2,626,084
-273,448
| -9% | -$18.8M |
|
185
Principal Active High Yield ETF
YLD
$571M
| $189M | 0.12% |
9,494,200
| – | – |
|
|
DFS
186
DELISTED
Discover Financial Services
DFS
| $188M | 0.12% |
1,709,950
-265,823
| -13% | -$31.2M |
|
187
ICICI Bank
IBN
$108B
| $187M | 0.12% |
9,872,604
+9,994
| +0.1% | +$200K |
|
188
Fidelity National Information Services
FIS
$23.1B
| $186M | 0.12% |
1,856,401
+179,424
| +11% | +$18.8M |
|
189
CVS Health
CVS
$133B
| $183M | 0.12% |
1,807,428
+242,134
| +15% | +$25.4M |
|
190
Expeditors International
EXPD
$22B
| $177M | 0.11% |
1,711,829
+67,672
| +4% | +$7.46M |
|
191
ServiceNow
NOW
$115B
| $175M | 0.11% |
1,574,420
+89,450
| +6% | +$10M |
|
192
ConocoPhillips
COP
$147B
| $173M | 0.11% |
1,734,113
+35,500
| +2% | +$3.26M |
|
193
Credit Acceptance
CACC
$5.95B
| $173M | 0.11% |
313,920
-67,594
| -18% | -$36.8M |
|
194
RTX Corp
RTX
$290B
| $172M | 0.11% |
1,737,832
-18,390
| -1% | -$1.74M |
|
195
Lowe's Companies
LOW
$117B
| $172M | 0.11% |
849,198
-43,580
| -5% | -$10M |
|
196
Ares Management
ARES
$28.9B
| $171M | 0.11% |
2,106,974
+67,426
| +3% | +$5.18M |
|
197
Cable One
CABO
$227M
| $170M | 0.11% |
116,194
+6,639
| +6% | +$10.1M |
|
198
Philip Morris
PM
$297B
| $170M | 0.11% |
1,809,659
-24,349
| -1% | -$2.44M |
|
199
Park Hotels & Resorts
PK
$3.03B
| $170M | 0.11% |
8,685,748
+1,006,254
| +13% | +$18.9M |
|
200
Realty Income
O
$59.6B
| $168M | 0.11% |
2,422,791
+19,040
| +0.8% | +$1.29M |
|
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.