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
|
+$420M |
| 2 |
Meta Platforms (Facebook)
META
|
+$299M |
| 3 |
LPL Financial
LPLA
|
+$196M |
| 4 |
Vulcan Materials
VMC
|
+$181M |
| 5 |
Healthpeak Properties
DOC
|
+$178M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$811M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$586M |
| 3 |
Progressive
PGR
|
+$395M |
| 4 |
Netflix
NFLX
|
+$355M |
| 5 |
CarMax
KMX
|
+$270M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.35% |
| 2 | Financials | 16.54% |
| 3 | Real Estate | 12.06% |
| 4 | Consumer Discretionary | 11.39% |
| 5 | Industrials | 10.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
International Money Express
IMXI
$367M
| $569K | ﹤0.01% |
56,387
+18,092
| +47% | +$206K |
|
1977
Tiptree Inc
TIPT
$675M
| $563K | ﹤0.01% |
+23,857
| New | +$533K |
|
1978
Samsara
IOT
$23.8B
| $548K | ﹤0.01% |
+13,765
| New | +$569K |
|
|
THR
1979
DELISTED
Thermon Group Holdings
THR
| $544K | ﹤0.01% |
19,360
+1,370
| +8% | +$37.1K |
|
1980
MannKind Corp
MNKD
$1.32B
| $536K | ﹤0.01% |
143,444
-57,001
| -28% | -$251K |
|
|
QXO
1981
QXO Inc
QXO
$17.4B
| $535K | ﹤0.01% |
+24,847
| New | +$408K |
|
|
IAS
1982
DELISTED
Integral Ad Science
IAS
| $534K | ﹤0.01% |
+64,233
| New | +$490K |
|
1983
Heritage Insurance Holdings
HRTG
$991M
| $533K | ﹤0.01% |
+21,377
| New | +$456K |
|
1984
Vanguard Morningstar Small-Cap ETF
VB
$82.7B
| $532K | ﹤0.01% |
2,243
| – | – |
|
1985
Dole
DOLE
$1.32B
| $528K | ﹤0.01% |
37,710
+1,077
| +3% | +$15.3K |
|
1986
State Street Multi-Asset Real Return ETF
RLY
$1.29B
| $527K | ﹤0.01% |
+18,118
| New | +$514K |
|
|
PRO
1987
DELISTED
PROS Holdings
PRO
| $526K | ﹤0.01% |
+33,615
| New | +$572K |
|
1988
Intrepid Potash
IPI
$469M
| $520K | ﹤0.01% |
+14,549
| New | +$496K |
|
1989
SGHC Ltd
SGHC
$6.63B
| $518K | ﹤0.01% |
47,231
+35,267
| +295% | +$299K |
|
1990
Casella Waste Systems
CWST
$5.69B
| $516K | ﹤0.01% |
4,474
-514
| -10% | -$59.4K |
|
|
CBL
1991
CBL Properties
CBL
$1.75B
| $513K | ﹤0.01% |
20,221
+10,697
| +112% | +$264K |
|
1992
ActivePassive US Equity ETF
APUE
$2.51B
| $507K | ﹤0.01% |
13,495
+3,320
| +33% | +$115K |
|
1993
Liberty Broadband Class C
LBRDK
$5.15B
| $504K | ﹤0.01% |
5,119
-1,022
| -17% | -$91.6K |
|
1994
Graham Corp
GHM
$1.31B
| $503K | ﹤0.01% |
10,162
+171
| +2% | +$6.34K |
|
1995
Barrett Business Services
BBSI
$804M
| $500K | ﹤0.01% |
11,988
-7,234
| -38% | -$298K |
|
1996
Roku
ROKU
$22.7B
| $494K | ﹤0.01% |
5,620
-28,474
| -84% | -$1.99M |
|
1997
Columbus McKinnon
CMCO
$584M
| $488K | ﹤0.01% |
+31,981
| New | +$489K |
|
1998
Lulu's Fashion Lounge
LVLU
$52.3M
| $484K | ﹤0.01% |
107,618
-7,980
| -7% | -$50.1K |
|
1999
Excelerate Energy
EE
$1.11B
| $480K | ﹤0.01% |
16,379
+6,699
| +69% | +$188K |
|
2000
Zillow
Z
$7.56B
| $480K | ﹤0.01% |
6,849
-796
| -10% | -$53.6K |
|
Similar funds
Principal Financial Group's Q2 2025 Portfolio in Review
As of Q2 2025, Principal Financial Group held 2,339 positions worth $189B, up 6.2% from $178B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Principal Financial Group's Q2 2025 filing shows 168 new, 694 increased, 1,347 reduced and 115 closed positions. Its largest new stake was State Street SPDR Portfolio High Yield Bond ETF: 2,146,080 shares worth $51.1M. The largest sale was iShares Core S&P 500 ETF, an estimated $811M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 18% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q2 2025 buy was State Street SPDR Portfolio High Yield Bond ETF: 2,146,080 shares worth $51.1M.
- Principal Financial Group added most to Principal Exchange-Traded Funds Principal US Mega-Cap ETF in Q2 2025, an estimated $420M increase.
- Principal Financial Group's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $811M.
- Principal Financial Group fully exited Discover Financial Services in Q2 2025, selling an estimated $53.1M.
- Principal Financial Group's ten largest holdings make up 21% of its $189B portfolio in Q2 2025.
- Principal Financial Group opened 168 new positions and closed 115 in Q2 2025.
- Principal Financial Group's portfolio value rose 6.2% quarter-over-quarter to $189B.
Based on Principal Financial Group's 13F filing for Q2 2025, filed 8 Aug 2025.