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 |
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
|
+$437M |
| 2 |
Americold
COLD
|
+$218M |
| 3 |
Canadian Natural Resources
CNQ
|
+$165M |
| 4 |
Realty Income
O
|
+$134M |
| 5 |
Principal Exchange-Traded Funds Principal US Small-Cap ETF
PSC
|
+$122M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Equity Lifestyle Properties
ELS
|
+$262M |
| 2 |
Franco-Nevada
FNV
|
+$163M |
| 3 |
Moody's
MCO
|
+$150M |
| 4 |
CubeSmart
CUBE
|
+$140M |
| 5 |
TransUnion
TRU
|
+$106M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.47% |
| 2 | Real Estate | 15.68% |
| 3 | Financials | 15.55% |
| 4 | Consumer Discretionary | 11.35% |
| 5 | Industrials | 11.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Honeywell
HON
$77B
| $163M | 0.1% |
824,082
-11,233
| -1% | -$2.03M |
|
177
Cemex
CX
$17.1B
| $161M | 0.1% |
20,833,868
+1,521,007
| +8% | +$10.3M |
|
178
RTX Corp
RTX
$290B
| $161M | 0.1% |
1,912,702
+150,760
| +9% | +$11.9M |
|
179
Philip Morris
PM
$297B
| $161M | 0.1% |
1,706,111
-9,712
| -0.6% | -$895K |
|
180
Omnicom Group
OMC
$21.6B
| $158M | 0.1% |
1,829,428
-65,325
| -3% | -$5.15M |
|
181
CVS Health
CVS
$133B
| $157M | 0.1% |
1,994,508
+287,009
| +17% | +$20.4M |
|
|
MRSH
182
Marsh
MRSH
$90.5B
| $157M | 0.1% |
829,203
-44,092
| -5% | -$8.52M |
|
183
WEC Energy
WEC
$35.7B
| $156M | 0.1% |
1,850,917
-699
| -0% | -$57.6K |
|
184
Carrier Global
CARR
$51B
| $154M | 0.1% |
2,673,082
-117,026
| -4% | -$6.19M |
|
185
GE Aerospace
GE
$374B
| $153M | 0.1% |
1,506,206
-1,020
| -0.1% | -$94.5K |
|
186
Canadian Pacific Kansas City
CP
$78.1B
| $150M | 0.1% |
1,892,368
-593,293
| -24% | -$43.4M |
|
187
Vertex Pharmaceuticals
VRTX
$121B
| $150M | 0.1% |
368,728
+40,005
| +12% | +$14.8M |
|
|
DFS
188
DELISTED
Discover Financial Services
DFS
| $147M | 0.09% |
1,312,058
-85,060
| -6% | -$7.86M |
|
189
Lowe's Companies
LOW
$117B
| $145M | 0.09% |
652,876
-21,415
| -3% | -$4.34M |
|
190
Brown-Forman Class B
BF.B
$13.2B
| $144M | 0.09% |
2,527,136
+2,007,970
| +387% | +$115M |
|
191
NNN REIT
NNN
$9.04B
| $144M | 0.09% |
3,345,957
+2,673,146
| +397% | +$104M |
|
192
Sempra
SRE
$57.9B
| $144M | 0.09% |
1,920,370
-14,252
| -0.7% | -$1.02M |
|
193
Booking.com
BKNG
$149B
| $142M | 0.09% |
999,225
-38,900
| -4% | -$4.85M |
|
194
Uber
UBER
$143B
| $142M | 0.09% |
2,300,656
+2,171,210
| +1,677% | +$114M |
|
195
Goldman Sachs
GS
$300B
| $139M | 0.09% |
359,287
-7,205
| -2% | -$2.4M |
|
196
Suncor Energy
SU
$79.4B
| $138M | 0.09% |
4,300,392
+1,365,044
| +47% | +$44.6M |
|
197
United Parcel Service
UPS
$88.6B
| $136M | 0.09% |
866,069
-8,405
| -1% | -$1.27M |
|
198
AT&T
T
$159B
| $134M | 0.09% |
7,967,898
-60,558
| -0.8% | -$956K |
|
199
Icon
ICLR
$12.6B
| $134M | 0.09% |
471,929
-46,144
| -9% | -$11.9M |
|
200
Synopsys
SNPS
$74.4B
| $133M | 0.09% |
259,177
-5,295
| -2% | -$2.71M |
|
Similar funds
Principal Financial Group's Q4 2023 Portfolio in Review
As of Q4 2023, Principal Financial Group held 2,491 positions worth $157B, up 13% from $139B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Principal Financial Group's Q4 2023 filing shows 55 new, 722 increased, 1,607 reduced and 73 closed positions. Its largest new stake was Veralto: 341,316 shares worth $28.1M. The largest sale was Equity Lifestyle Properties, an estimated $262M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Real Estate and Financials.
- Principal Financial Group's largest Q4 2023 buy was Veralto: 341,316 shares worth $28.1M.
- Principal Financial Group added most to Principal Exchange-Traded Funds Principal US Mega-Cap ETF in Q4 2023, an estimated $437M increase.
- Principal Financial Group's biggest Q4 2023 reduction was Equity Lifestyle Properties, cutting an estimated $262M.
- Principal Financial Group fully exited Activision Blizzard in Q4 2023, selling an estimated $77.2M.
- Principal Financial Group's ten largest holdings make up 17% of its $157B portfolio in Q4 2023.
- Principal Financial Group opened 55 new positions and closed 73 in Q4 2023.
- Principal Financial Group's portfolio value rose 13% quarter-over-quarter to $157B.
Based on Principal Financial Group's 13F filing for Q4 2023, filed 7 Feb 2024.