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 |
Ventas
VTR
|
+$616M |
| 2 |
Etsy
ETSY
|
+$373M |
| 3 |
MPT
Medical Properties Trust
MPT
|
+$332M |
| 4 |
Moderna
MRNA
|
+$148M |
| 5 |
HR
Healthcare Realty Trust Incorporated
HR
|
+$140M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Welltower
WELL
|
+$725M |
| 2 |
Restaurant Brands International
QSR
|
+$269M |
| 3 |
Fidelity National Financial
FNF
|
+$181M |
| 4 |
Prologis
PLD
|
+$162M |
| 5 |
Credit Acceptance
CACC
|
+$162M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.12% |
| 2 | Real Estate | 16.4% |
| 3 | Financials | 14.67% |
| 4 | Consumer Discretionary | 12.1% |
| 5 | Healthcare | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RNAM
1976
DELISTED
Avidity Biosciences
RNAM
| $1.15M | ﹤0.01% |
46,734
-1,498
| -3% | -$32.6K |
|
1977
Metropolitan Bank Holding Corp
MCB
$1.15B
| $1.15M | ﹤0.01% |
13,588
-100
| -0.7% | -$7.28K |
|
1978
Dropbox
DBX
$8.06B
| $1.14M | ﹤0.01% |
39,147
-1,762
| -4% | -$54.7K |
|
1979
Novanta
NOVT
$5.82B
| $1.14M | ﹤0.01% |
7,405
+1,762
| +31% | +$256K |
|
1980
iShares MSCI USA Min Vol Factor ETF
USMV
$24.1B
| $1.13M | ﹤0.01% |
15,325
-18,770
| -55% | -$1.43M |
|
1981
Bumble
BMBL
$372M
| $1.12M | ﹤0.01% |
+22,417
| New | +$1.17M |
|
1982
Upwork
UPWK
$1.16B
| $1.11M | ﹤0.01% |
24,747
-9,797
| -28% | -$478K |
|
1983
FIVE9
FIVN
$2.17B
| $1.1M | ﹤0.01% |
6,894
-55,163
| -89% | -$10.1M |
|
1984
First Busey Corp
BUSE
$2.59B
| $1.1M | ﹤0.01% |
44,492
-332
| -0.7% | -$7.84K |
|
1985
Stock Yards Bancorp
SYBT
$2.61B
| $1.09M | ﹤0.01% |
18,634
-143
| -0.8% | -$7.32K |
|
1986
Royalty Pharma
RPRX
$25.4B
| $1.09M | ﹤0.01% |
30,216
-1,507
| -5% | -$58.6K |
|
|
LORL
1987
DELISTED
Loral Space and Communications, Inc.
LORL
| $1.08M | ﹤0.01% |
25,210
-184
| -0.7% | -$7.14K |
|
|
ARNA
1988
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $1.08M | ﹤0.01% |
18,184
-3,027
| -14% | -$179K |
|
1989
PTC Therapeutics
PTCT
$5.91B
| $1.08M | ﹤0.01% |
28,935
+1,596
| +6% | +$65.6K |
|
1990
Elastic
ESTC
$7.27B
| $1.07M | ﹤0.01% |
7,175
-262
| -4% | -$40.3K |
|
|
RDFN
1991
DELISTED
Redfin
RDFN
| $1.07M | ﹤0.01% |
21,338
+5,070
| +31% | +$274K |
|
1992
First Citizens BancShares
FCNCA
$25.5B
| $1.07M | ﹤0.01% |
1,265
+775
| +158% | +$644K |
|
|
VER
1993
DELISTED
VEREIT, Inc.
VER
| $1.06M | ﹤0.01% |
23,447
-678
| -3% | -$32.9K |
|
1994
1st Source
SRCE
$2.15B
| $1.06M | ﹤0.01% |
22,421
-165
| -0.7% | -$7.51K |
|
1995
Amneal Pharmaceuticals
AMRX
$5.77B
| $1.06M | ﹤0.01% |
198,109
-282
| -0.1% | -$1.42K |
|
1996
Zentalis Pharmaceuticals
ZNTL
$356M
| $1.05M | ﹤0.01% |
15,831
+1,140
| +8% | +$65.8K |
|
|
ONEM
1997
DELISTED
1Life Healthcare
ONEM
| $1.05M | ﹤0.01% |
52,110
+1,405
| +3% | +$36.1K |
|
1998
Clearfield
CLFD
$362M
| $1.05M | ﹤0.01% |
23,857
-174
| -0.7% | -$7.31K |
|
1999
Kornit Digital
KRNT
$772M
| $1.05M | ﹤0.01% |
+7,262
| New | +$958K |
|
|
FTCH
2000
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $1.04M | ﹤0.01% |
27,852
-4,956
| -15% | -$220K |
|
Similar funds
Principal Financial Group's Q3 2021 Portfolio in Review
As of Q3 2021, Principal Financial Group held 2,664 positions worth $153B, down 0.92% from $155B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Principal Financial Group's Q3 2021 filing shows 68 new, 1,034 increased, 1,458 reduced and 90 closed positions. Its largest new stake was Core & Main: 1,236,704 shares worth $32.4M. The largest sale was Welltower, an estimated $725M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 19% a quarter earlier, followed by Real Estate and Financials.
- Principal Financial Group's largest Q3 2021 buy was Core & Main: 1,236,704 shares worth $32.4M.
- Principal Financial Group added most to Ventas in Q3 2021, an estimated $616M increase.
- Principal Financial Group's biggest Q3 2021 reduction was Welltower, cutting an estimated $725M.
- Principal Financial Group fully exited Alexion Pharmaceuticals in Q3 2021, selling an estimated $52.5M.
- Principal Financial Group's ten largest holdings make up 14% of its $153B portfolio in Q3 2021.
- Principal Financial Group opened 68 new positions and closed 90 in Q3 2021.
- Principal Financial Group's portfolio value fell 0.92% quarter-over-quarter to $153B.
Based on Principal Financial Group's 13F filing for Q3 2021, filed 9 Nov 2021.