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 | |
|---|---|---|---|---|---|---|
2001
Nordic American Tanker
NAT
$1.36B
| $465K | ﹤0.01% |
118,585
+92,552
| +356% | +$388K |
|
2002
VanEck Short Muni ETF
SMB
$312M
| $457K | ﹤0.01% |
26,851
| – | – |
|
2003
Universal Insurance Holdings
UVE
$1.24B
| $457K | ﹤0.01% |
22,484
+11,758
| +110% | +$212K |
|
2004
iShares Broad USD High Yield Corporate Bond ETF
USHY
$28.7B
| $456K | ﹤0.01% |
12,462
-6,938
| -36% | -$252K |
|
2005
Costamare
CMRE
$1.77B
| $455K | ﹤0.01% |
+40,099
| New | +$444K |
|
2006
Grid Dynamics Holdings
GDYN
$621M
| $454K | ﹤0.01% |
+36,910
| New | +$482K |
|
|
ENFN
2007
DELISTED
Enfusion, Inc.
ENFN
| $452K | ﹤0.01% |
+48,913
| New | +$430K |
|
|
RNAM
2008
DELISTED
Avidity Biosciences
RNAM
| $450K | ﹤0.01% |
17,627
-1,858
| -10% | -$29.1K |
|
2009
Rithm Capital
RITM
$5.71B
| $450K | ﹤0.01% |
40,303
+10,009
| +33% | +$108K |
|
2010
FIVE9
FIVN
$2.57B
| $448K | ﹤0.01% |
7,221
-343
| -5% | -$23.8K |
|
2011
Syndax Pharmaceuticals
SNDX
$1.79B
| $448K | ﹤0.01% |
18,829
-36,365
| -66% | -$811K |
|
|
AMK
2012
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $448K | ﹤0.01% |
12,646
+3,980
| +46% | +$130K |
|
2013
8x8 Inc
EGHT
$334M
| $447K | ﹤0.01% |
165,517
+98,308
| +146% | +$297K |
|
2014
Consolidated Water Co
CWCO
$491M
| $445K | ﹤0.01% |
+15,197
| New | +$467K |
|
2015
Genie Energy
GNE
$386M
| $444K | ﹤0.01% |
+29,414
| New | +$565K |
|
2016
Cactus
WHD
$5.42B
| $441K | ﹤0.01% |
8,814
+1,330
| +18% | +$58.9K |
|
2017
NVE Corp
NVEC
$621M
| $440K | ﹤0.01% |
+4,882
| New | +$393K |
|
2018
Dyne Therapeutics
DYN
$4.88B
| $437K | ﹤0.01% |
15,403
+857
| +6% | +$19.4K |
|
2019
Liberty Latin America Class C
LILAK
$1.65B
| $434K | ﹤0.01% |
68,298
-15,029
| -18% | -$92.9K |
|
2020
Geron
GERN
$956M
| $430K | ﹤0.01% |
130,249
+610
| +0.5% | +$1.37K |
|
2021
CRA International
CRAI
$1.13B
| $430K | ﹤0.01% |
2,873
-1,751
| -38% | -$208K |
|
2022
QCR Holdings
QCRH
$1.7B
| $426K | ﹤0.01% |
+7,009
| New | +$401K |
|
2023
Limbach Holdings
LMB
$580M
| $424K | ﹤0.01% |
+10,240
| New | +$445K |
|
|
ESGR
2024
DELISTED
Enstar Group
ESGR
| $424K | ﹤0.01% |
1,364
-141
| -9% | -$40.4K |
|
|
RYZ
2025
Ryerson Holding Corp
RYZ
$1.46B
| $423K | ﹤0.01% |
12,620
-5,377
| -30% | -$176K |
|
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.