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 |
Equinix
EQIX
|
+$334M |
| 2 |
Welltower
WELL
|
+$214M |
| 3 |
Brookfield
BN
|
+$175M |
| 4 |
Extra Space Storage
EXR
|
+$158M |
| 5 |
MSCI
MSCI
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BKI
Black Knight, Inc. Common Stock
BKI
|
+$373M |
| 2 |
Dollar General
DG
|
+$238M |
| 3 |
Moody's
MCO
|
+$192M |
| 4 |
CubeSmart
CUBE
|
+$184M |
| 5 |
Equity Lifestyle Properties
ELS
|
+$166M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.93% |
| 2 | Financials | 15.34% |
| 3 | Real Estate | 15.22% |
| 4 | Consumer Discretionary | 11.31% |
| 5 | Industrials | 11.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2051
Gray Television
GTN
$444M
| $313K | ﹤0.01% |
45,194
+14,951
| +49% | +$123K |
|
2052
Ero Copper
ERO
$3.16B
| $312K | ﹤0.01% |
18,000
-815,300
| -98% | -$16.7M |
|
2053
Funko
FNKO
$323M
| $310K | ﹤0.01% |
40,578
+2,384
| +6% | +$17.8K |
|
2054
Plug Power
PLUG
$2.92B
| $310K | ﹤0.01% |
40,818
+2,124
| +5% | +$20.8K |
|
2055
RingCentral
RNG
$5.09B
| $310K | ﹤0.01% |
10,450
+737
| +8% | +$24.5K |
|
2056
International Money Express
IMXI
$368M
| $310K | ﹤0.01% |
18,284
+5,041
| +38% | +$101K |
|
2057
OceanFirst Financial
OCFC
$1.71B
| $309K | ﹤0.01% |
21,334
+6,846
| +47% | +$115K |
|
|
LSXMK
2058
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $308K | ﹤0.01% |
12,085
-2,706
| -18% | -$65.7K |
|
2059
First Interstate BancSystem
FIBK
$3.72B
| $306K | ﹤0.01% |
12,250
-418,829
| -97% | -$10.9M |
|
2060
White Mountains Insurance
WTM
$5.23B
| $305K | ﹤0.01% |
204
+21
| +11% | +$32.2K |
|
2061
Armstrong World Industries
AWI
$7.84B
| $304K | ﹤0.01% |
4,219
+295
| +8% | +$22K |
|
2062
Transcat
TRNS
$862M
| $302K | ﹤0.01% |
3,084
+731
| +31% | +$69.9K |
|
|
LPRO
2063
DELISTED
Open Lending Corp
LPRO
| $296K | ﹤0.01% |
40,467
+9,454
| +30% | +$86.5K |
|
|
PPLI
2064
People Inc
PPLI
$3.4B
| $296K | ﹤0.01% |
7,152
+172
| +2% | +$8.35K |
|
2065
Peoples Bancorp
PEBO
$1.49B
| $295K | ﹤0.01% |
11,632
+3,796
| +48% | +$101K |
|
2066
Zentalis Pharmaceuticals
ZNTL
$347M
| $294K | ﹤0.01% |
14,640
+559
| +4% | +$14.2K |
|
2067
Weis Markets
WMK
$1.83B
| $292K | ﹤0.01% |
4,627
+1,457
| +46% | +$95.1K |
|
|
AYX
2068
DELISTED
Alteryx Inc
AYX
| $290K | ﹤0.01% |
7,694
+742
| +11% | +$26.6K |
|
|
HUYA
2069
Huya Inc
HUYA
$568M
| $290K | ﹤0.01% |
102,011
+5,595
| +6% | +$16.1K |
|
2070
Eastern Bankshares
EBC
$5.31B
| $288K | ﹤0.01% |
22,928
+6,460
| +39% | +$86.9K |
|
2071
Rapid7
RPD
$747M
| $287K | ﹤0.01% |
6,271
-816
| -12% | -$37.7K |
|
|
EQC
2072
DELISTED
Equity Commonwealth
EQC
| $286K | ﹤0.01% |
15,545
+4,394
| +39% | +$85.2K |
|
2073
TriCo Bancshares
TCBK
$1.85B
| $281K | ﹤0.01% |
+8,781
| New | +$308K |
|
2074
TG Therapeutics
TGTX
$7.5B
| $281K | ﹤0.01% |
33,640
-18,439
| -35% | -$257K |
|
2075
Target Hospitality
TH
$1.58B
| $281K | ﹤0.01% |
17,685
+4,695
| +36% | +$66.2K |
|
Similar funds
Principal Financial Group's Q3 2023 Portfolio in Review
As of Q3 2023, Principal Financial Group held 2,502 positions worth $139B, down 4.9% from $146B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Principal Financial Group's Q3 2023 filing shows 85 new, 937 increased, 1,382 reduced and 66 closed positions. Its largest new stake was TKO Group: 1,062,731 shares worth $89.3M. The largest sale was Black Knight, Inc. Common Stock, an estimated $373M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 18% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q3 2023 buy was TKO Group: 1,062,731 shares worth $89.3M.
- Principal Financial Group added most to Equinix in Q3 2023, an estimated $334M increase.
- Principal Financial Group's biggest Q3 2023 reduction was Dollar General, cutting an estimated $238M.
- Principal Financial Group fully exited Black Knight, Inc. Common Stock in Q3 2023, selling an estimated $373M.
- Principal Financial Group's ten largest holdings make up 17% of its $139B portfolio in Q3 2023.
- Principal Financial Group opened 85 new positions and closed 66 in Q3 2023.
- Principal Financial Group's portfolio value fell 4.9% quarter-over-quarter to $139B.
Based on Principal Financial Group's 13F filing for Q3 2023, filed 2 Nov 2023.