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 |
American Tower
AMT
|
+$465M |
| 2 |
SBA Communications
SBAC
|
+$339M |
| 3 |
CCC
CCC Intelligent Solutions
CCC
|
+$209M |
| 4 |
Equinix
EQIX
|
+$180M |
| 5 |
NNN REIT
NNN
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Industrial Realty Trust
FR
|
+$217M |
| 2 |
Digital Realty Trust
DLR
|
+$209M |
| 3 |
TransDigm Group
TDG
|
+$189M |
| 4 |
Public Storage
PSA
|
+$172M |
| 5 |
Realty Income
O
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.82% |
| 2 | Financials | 15.58% |
| 3 | Real Estate | 14.17% |
| 4 | Consumer Discretionary | 11.56% |
| 5 | Industrials | 11.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
Winmark
WINA
$1.32B
| $524K | ﹤0.01% |
1,448
+674
| +87% | +$247K |
|
1977
PTC Therapeutics
PTCT
$6.12B
| $517K | ﹤0.01% |
17,764
+290
| +2% | +$8.12K |
|
1978
MiMedx Group
MDXG
$633M
| $508K | ﹤0.01% |
66,000
-116,526
| -64% | -$937K |
|
1979
Forestar Group
FOR
$1.51B
| $508K | ﹤0.01% |
+12,634
| New | +$429K |
|
1980
Wayfair
W
$14.6B
| $508K | ﹤0.01% |
7,479
+1,125
| +18% | +$63.6K |
|
1981
IES Holdings
IESC
$15.2B
| $505K | ﹤0.01% |
+4,148
| New | +$398K |
|
1982
Yext
YEXT
$574M
| $505K | ﹤0.01% |
83,667
+71,196
| +571% | +$421K |
|
1983
Peoples Bancorp
PEBO
$1.47B
| $499K | ﹤0.01% |
16,844
+3,453
| +26% | +$101K |
|
1984
Evolent Health
EVH
$444M
| $496K | ﹤0.01% |
15,114
+2,398
| +19% | +$76.5K |
|
|
SMAR
1985
DELISTED
Smartsheet Inc.
SMAR
| $495K | ﹤0.01% |
12,862
-638
| -5% | -$27.8K |
|
1986
Schwab US Large- Cap ETF
SCHX
$74.5B
| $494K | ﹤0.01% |
6,030
-17,862
| -75% | -$352K |
|
1987
Franklin FTSE India ETF
FLIN
$2.69B
| $488K | ﹤0.01% |
13,248
+3,414
| +35% | +$123K |
|
1988
Evolus
EOLS
$501M
| $487K | ﹤0.01% |
34,785
+20,391
| +142% | +$265K |
|
1989
Kymera Therapeutics
KYMR
$8.94B
| $486K | ﹤0.01% |
12,098
+547
| +5% | +$19.6K |
|
1990
Nicolet Bankshares
NIC
$3.62B
| $483K | ﹤0.01% |
+5,612
| New | +$448K |
|
1991
ZipRecruiter
ZIP
$423M
| $479K | ﹤0.01% |
41,688
-15,830
| -28% | -$213K |
|
1992
OneMain Financial
OMF
$7.47B
| $479K | ﹤0.01% |
9,368
-98,617
| -91% | -$4.71M |
|
1993
TriCo Bancshares
TCBK
$1.83B
| $478K | ﹤0.01% |
13,005
+3,460
| +36% | +$126K |
|
1994
CleanSpark
CLSK
$3.16B
| $477K | ﹤0.01% |
22,511
+3,810
| +20% | +$53K |
|
1995
Cadre Holdings
CDRE
$1.41B
| $474K | ﹤0.01% |
+13,092
| New | +$456K |
|
|
BELFB
1996
Bel Fuse Inc Class B
BELFB
$4.21B
| $471K | ﹤0.01% |
+7,808
| New | +$484K |
|
1997
Keros Therapeutics
KROS
$221M
| $468K | ﹤0.01% |
7,063
+574
| +9% | +$34K |
|
1998
Metropolitan Bank Holding Corp
MCB
$1.15B
| $467K | ﹤0.01% |
+12,135
| New | +$531K |
|
1999
Alight
ALIT
$407M
| $466K | ﹤0.01% |
2,368
-244
| -9% | -$44.2K |
|
2000
Hovnanian Enterprises
HOV
$807M
| $466K | ﹤0.01% |
2,971
+313
| +12% | +$48.3K |
|
Similar funds
Principal Financial Group's Q1 2024 Portfolio in Review
As of Q1 2024, Principal Financial Group held 2,542 positions worth $170B, up 8.5% from $157B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Principal Financial Group's Q1 2024 filing shows 124 new, 1,250 increased, 1,019 reduced and 115 closed positions. Its largest new stake was Global X US Infrastructure Development ETF: 2,590,000 shares worth $103M. The largest sale was First Industrial Realty Trust, an estimated $217M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q1 2024 buy was Global X US Infrastructure Development ETF: 2,590,000 shares worth $103M.
- Principal Financial Group added most to American Tower in Q1 2024, an estimated $465M increase.
- Principal Financial Group's biggest Q1 2024 reduction was First Industrial Realty Trust, cutting an estimated $217M.
- Principal Financial Group fully exited Livent Corporation in Q1 2024, selling an estimated $45.7M.
- Principal Financial Group's ten largest holdings make up 18% of its $170B portfolio in Q1 2024.
- Principal Financial Group opened 124 new positions and closed 115 in Q1 2024.
- Principal Financial Group's portfolio value rose 8.5% quarter-over-quarter to $170B.
Based on Principal Financial Group's 13F filing for Q1 2024, filed 29 Apr 2024.