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 | |
|---|---|---|---|---|---|---|
2001
Atlanticus Holdings
ATLC
$1.52B
| $474K | ﹤0.01% |
+8,661
| New | +$450K |
|
2002
EverQuote
EVER
$906M
| $467K | ﹤0.01% |
+19,306
| New | +$457K |
|
|
SEMR
2003
DELISTED
Semrush
SEMR
| $463K | ﹤0.01% |
51,108
+18,923
| +59% | +$183K |
|
|
GLDD
2004
DELISTED
Great Lakes Dredge & Dock
GLDD
| $461K | ﹤0.01% |
+37,812
| New | +$393K |
|
2005
First Mid Bancshares
FMBH
$1.36B
| $452K | ﹤0.01% |
+12,060
| New | +$422K |
|
2006
OneSpan
OSPN
$618M
| $448K | ﹤0.01% |
26,817
+6,331
| +31% | +$98.3K |
|
2007
Rivian
RIVN
$23.2B
| $445K | ﹤0.01% |
32,397
-9,049
| -22% | -$123K |
|
2008
Third Coast Bancshares
TCBX
$738M
| $444K | ﹤0.01% |
+13,602
| New | +$415K |
|
|
CHCT
2009
Community Healthcare Trust
CHCT
$454M
| $439K | ﹤0.01% |
+26,369
| New | +$435K |
|
|
FPI
2010
Farmland Partners
FPI
$432M
| $436K | ﹤0.01% |
+37,875
| New | +$406K |
|
2011
Mission Produce
AVO
$1.17B
| $433K | ﹤0.01% |
+36,932
| New | +$400K |
|
2012
Qiagen
QGEN
$8.72B
| $428K | ﹤0.01% |
8,911
-1,747
| -16% | -$76K |
|
2013
Douglas Dynamics
PLOW
$1.02B
| $426K | ﹤0.01% |
+14,452
| New | +$380K |
|
2014
Archer Aviation
ACHR
$4.26B
| $421K | ﹤0.01% |
38,786
+13,255
| +52% | +$124K |
|
2015
Petrobras
PBR
$116B
| $421K | ﹤0.01% |
33,628
-25,658
| -43% | -$307K |
|
2016
Pennant Group
PNTG
$1.36B
| $419K | ﹤0.01% |
14,041
-1
| -0% | -$27 |
|
2017
Rubrik
RBRK
$18.5B
| $412K | ﹤0.01% |
+4,602
| New | +$364K |
|
2018
AST SpaceMobile
ASTS
$21.5B
| $407K | ﹤0.01% |
8,717
-165
| -2% | -$4.78K |
|
2019
IBEX
IBEX
$499M
| $407K | ﹤0.01% |
+13,973
| New | +$374K |
|
2020
Energy Recovery
ERII
$443M
| $406K | ﹤0.01% |
+31,763
| New | +$430K |
|
2021
Vitamin Cottage Natural Grocers
NGVC
$654M
| $406K | ﹤0.01% |
+10,339
| New | +$479K |
|
2022
Schwab US Large- Cap ETF
SCHX
$74.6B
| $404K | ﹤0.01% |
16,534
-658
| -4% | -$14.9K |
|
2023
Southern Copper
SCCO
$166B
| $401K | ﹤0.01% |
4,116
-6,035
| -59% | -$531K |
|
|
GRP.U
2024
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $401K | ﹤0.01% |
7,900
-3,300
| -29% | -$157K |
|
2025
State Street SPDR S&P Dividend ETF
SDY
$22.1B
| $399K | ﹤0.01% |
2,936
| – | – |
|
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.