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 |
Tesla
TSLA
|
+$518M |
| 2 |
Liberty Broadband Class C
LBRDK
|
+$315M |
| 3 |
AIRC
Apartment Income REIT Corp.
AIRC
|
+$300M |
| 4 |
iShares Core S&P 500 ETF
IVV
|
+$204M |
| 5 |
American Tower
AMT
|
+$180M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$289M |
| 2 |
GLIBA
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
|
+$266M |
| 3 |
Ventas
VTR
|
+$222M |
| 4 |
AIV
Aimco
AIV
|
+$221M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$152M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.27% |
| 2 | Financials | 15.13% |
| 3 | Real Estate | 14.76% |
| 4 | Consumer Discretionary | 12.02% |
| 5 | Industrials | 9.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
Invesco Leisure and Entertainment ETF
PEJ
$255M
| $853K | ﹤0.01% |
21,316
-956
| -4% | -$33.6K |
|
1977
Puma Biotechnology
PBYI
$407M
| $850K | ﹤0.01% |
82,888
-30,915
| -27% | -$313K |
|
1978
Fastly Inc
FSLY
$4.07B
| $843K | ﹤0.01% |
9,646
-310
| -3% | -$27.3K |
|
1979
Kratos Defense & Security Solutions
KTOS
$10.4B
| $843K | ﹤0.01% |
30,737
+12,415
| +68% | +$272K |
|
1980
Armstrong World Industries
AWI
$7.86B
| $842K | ﹤0.01% |
11,330
-953
| -8% | -$68.9K |
|
1981
TriNet
TNET
$3.14B
| $841K | ﹤0.01% |
10,430
+4,211
| +68% | +$311K |
|
1982
Brookdale Senior Living
BKD
$3.45B
| $840K | ﹤0.01% |
189,653
-93,228
| -33% | -$344K |
|
|
ZEUS
1983
DELISTED
Olympic Steel
ZEUS
| $833K | ﹤0.01% |
62,474
-2,485
| -4% | -$33.4K |
|
|
ALX
1984
Alexander's
ALX
$1.42B
| $831K | ﹤0.01% |
+2,996
| New | +$793K |
|
1985
Middlesex Water
MSEX
$1.08B
| $829K | ﹤0.01% |
11,438
+5,572
| +95% | +$385K |
|
|
ECHO
1986
EchoStar
ECHO
$25.5B
| $829K | ﹤0.01% |
+39,110
| New | +$936K |
|
|
MIME
1987
DELISTED
Mimecast Limited
MIME
| $822K | ﹤0.01% |
14,468
+5,844
| +68% | +$270K |
|
|
ATRI
1988
DELISTED
Atrion Corp
ATRI
| $818K | ﹤0.01% |
1,274
+366
| +40% | +$227K |
|
1989
American Coastal Insurance
ACIC
$531M
| $814K | ﹤0.01% |
142,251
-5,618
| -4% | -$28.4K |
|
1990
Upwork
UPWK
$1.18B
| $811K | ﹤0.01% |
23,487
+9,488
| +68% | +$271K |
|
1991
OceanFirst Financial
OCFC
$1.73B
| $802K | ﹤0.01% |
43,031
-4,415
| -9% | -$72.2K |
|
|
HEES
1992
DELISTED
H&E Equipment Services
HEES
| $799K | ﹤0.01% |
26,797
-12,038
| -31% | -$310K |
|
|
MNTV
1993
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $798K | ﹤0.01% |
31,250
+12,966
| +71% | +$292K |
|
1994
Seres Therapeutics
MCRB
$48.4M
| $795K | ﹤0.01% |
1,621
+1,220
| +304% | +$714K |
|
|
SCS
1995
DELISTED
Steelcase
SCS
| $795K | ﹤0.01% |
58,689
-959
| -2% | -$11.7K |
|
|
SFIX
1996
Stitch Fix
SFIX
$550M
| $793K | ﹤0.01% |
13,508
+5,682
| +73% | +$243K |
|
|
SRNE
1997
DELISTED
Sorrento Therapeutics, Inc.
SRNE
| $793K | ﹤0.01% |
116,315
+46,454
| +66% | +$373K |
|
|
YMAB
1998
DELISTED
Y-mAbs Therapeutics
YMAB
| $792K | ﹤0.01% |
16,008
+7,704
| +93% | +$356K |
|
1999
Ally Financial
ALLY
$13.6B
| $791K | ﹤0.01% |
22,193
-5,383
| -20% | -$163K |
|
|
AXNX
2000
DELISTED
Axonics, Inc. Common Stock
AXNX
| $791K | ﹤0.01% |
15,828
+4,099
| +35% | +$192K |
|
Similar funds
Principal Financial Group's Q4 2020 Portfolio in Review
As of Q4 2020, Principal Financial Group held 2,508 positions worth $135B, up 14% from $119B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Principal Financial Group's Q4 2020 filing shows 187 new, 810 increased, 1,403 reduced and 94 closed positions. Its largest new stake was Apartment Income REIT Corp.: 7,814,575 shares worth $300M. The largest sale was Walt Disney, an estimated $289M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 19% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q4 2020 buy was Apartment Income REIT Corp.: 7,814,575 shares worth $300M.
- Principal Financial Group added most to Tesla in Q4 2020, an estimated $518M increase.
- Principal Financial Group's biggest Q4 2020 reduction was Walt Disney, cutting an estimated $289M.
- Principal Financial Group fully exited GCI Liberty, Inc. Class A Common Stock (DE) in Q4 2020, selling an estimated $266M.
- Principal Financial Group's ten largest holdings make up 15% of its $135B portfolio in Q4 2020.
- Principal Financial Group opened 187 new positions and closed 94 in Q4 2020.
- Principal Financial Group's portfolio value rose 14% quarter-over-quarter to $135B.
Based on Principal Financial Group's 13F filing for Q4 2020, filed 8 Feb 2021.