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 |
iShares Core S&P 500 ETF
IVV
|
+$154M |
| 2 |
Gaming and Leisure Properties
GLPI
|
+$122M |
| 3 |
Boston Properties
BXP
|
+$112M |
| 4 |
iShares MBS ETF
MBB
|
+$90.3M |
| 5 |
Brookfield
BN
|
+$75.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FRC
First Republic Bank
FRC
|
+$273M |
| 2 |
TransDigm Group
TDG
|
+$208M |
| 3 |
Toronto Dominion Bank
TD
|
+$153M |
| 4 |
MPT
Medical Properties Trust
MPT
|
+$135M |
| 5 |
Credit Acceptance
CACC
|
+$123M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.56% |
| 2 | Real Estate | 15.87% |
| 3 | Financials | 14.95% |
| 4 | Consumer Discretionary | 11.17% |
| 5 | Industrials | 11.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2026
Cytek Biosciences
CTKB
$546M
| $395K | ﹤0.01% |
43,025
-4,621
| -10% | -$49.7K |
|
2027
Bloom Energy
BE
$64.6B
| $395K | ﹤0.01% |
19,831
-1,781
| -8% | -$39K |
|
2028
BioCryst Pharmaceuticals
BCRX
$2.4B
| $394K | ﹤0.01% |
47,205
+384
| +0.8% | +$3.7K |
|
2029
Bilibili
BILI
$7.84B
| $391K | ﹤0.01% |
16,631
+1,188
| +8% | +$28.3K |
|
2030
Western Alliance Bancorporation
WAL
$8.87B
| $389K | ﹤0.01% |
10,959
-1,145
| -9% | -$70.2K |
|
2031
Schwab US Large- Cap ETF
SCHX
$74.5B
| $389K | ﹤0.01% |
24,156
| – | – |
|
|
SPR
2032
DELISTED
Spirit AeroSystems
SPR
| $383K | ﹤0.01% |
11,104
-2,030
| -15% | -$68.1K |
|
|
PINC
2033
DELISTED
Premier
PINC
| $381K | ﹤0.01% |
11,783
+530
| +5% | +$17.4K |
|
|
AYX
2034
DELISTED
Alteryx Inc
AYX
| $378K | ﹤0.01% |
6,432
-1,258
| -16% | -$73.3K |
|
2035
Duolingo
DUOL
$6.12B
| $377K | ﹤0.01% |
2,642
-208
| -7% | -$21.4K |
|
2036
Madison Square Garden
MSGS
$9.39B
| $376K | ﹤0.01% |
1,932
-177
| -8% | -$33K |
|
2037
Immunovant
IMVT
$8.25B
| $373K | ﹤0.01% |
24,052
+1,319
| +6% | +$22.9K |
|
2038
Applovin
APP
$116B
| $372K | ﹤0.01% |
23,617
-4,589
| -16% | -$60.2K |
|
2039
Kosmos Energy
KOS
$1.48B
| $370K | ﹤0.01% |
49,702
-4,462
| -8% | -$32.7K |
|
2040
Penske Automotive Group
PAG
$14.2B
| $369K | ﹤0.01% |
2,605
+98
| +4% | +$13K |
|
|
PGRE
2041
DELISTED
Paramount Group
PGRE
| $368K | ﹤0.01% |
80,762
+643
| +0.8% | +$3.53K |
|
|
VTYX
2042
DELISTED
Ventyx Biosciences
VTYX
| $368K | ﹤0.01% |
10,979
-604
| -5% | -$23.5K |
|
2043
Kymera Therapeutics
KYMR
$8.94B
| $367K | ﹤0.01% |
12,379
+1,533
| +14% | +$49.4K |
|
2044
State Street SPDR S&P Dividend ETF
SDY
$23.9B
| $363K | ﹤0.01% |
2,936
| – | – |
|
2045
Kforce
KFRC
$1.06B
| $363K | ﹤0.01% |
5,735
-1,047
| -15% | -$62.2K |
|
2046
AbCellera Biologics
ABCL
$2.12B
| $362K | ﹤0.01% |
48,048
-983
| -2% | -$8.93K |
|
2047
FTAI Aviation
FTAI
$22.2B
| $362K | ﹤0.01% |
+12,947
| New | +$306K |
|
2048
Travere Therapeutics
TVTX
$5.78B
| $358K | ﹤0.01% |
15,930
-903
| -5% | -$19.2K |
|
2049
SiriusXM
SIRI
$10.1B
| $358K | ﹤0.01% |
9,013
+459
| +5% | +$22K |
|
2050
Arvinas
ARVN
$572M
| $355K | ﹤0.01% |
12,979
-837
| -6% | -$26.4K |
|
Similar funds
Principal Financial Group's Q1 2023 Portfolio in Review
As of Q1 2023, Principal Financial Group held 2,542 positions worth $140B, up 5.3% from $133B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Principal Financial Group's Q1 2023 filing shows 105 new, 1,088 increased, 1,245 reduced and 79 closed positions. Its largest new stake was National Health Investors: 1,082,334 shares worth $55.8M. The largest sale was First Republic Bank, an estimated $273M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 16% a quarter earlier, followed by Real Estate and Financials.
- Principal Financial Group's largest Q1 2023 buy was National Health Investors: 1,082,334 shares worth $55.8M.
- Principal Financial Group added most to iShares Core S&P 500 ETF in Q1 2023, an estimated $154M increase.
- Principal Financial Group's biggest Q1 2023 reduction was First Republic Bank, cutting an estimated $273M.
- Principal Financial Group fully exited STORE Capital Corporation in Q1 2023, selling an estimated $62.5M.
- Principal Financial Group's ten largest holdings make up 15% of its $140B portfolio in Q1 2023.
- Principal Financial Group opened 105 new positions and closed 79 in Q1 2023.
- Principal Financial Group's portfolio value rose 5.3% quarter-over-quarter to $140B.
Based on Principal Financial Group's 13F filing for Q1 2023, filed 9 May 2023.