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 |
Brookfield
BN
|
+$274M |
| 2 |
Visa
V
|
+$215M |
| 3 |
Toronto Dominion Bank
TD
|
+$209M |
| 4 |
Canadian National Railway
CNI
|
+$206M |
| 5 |
HEICO Corp Class A
HEI.A
|
+$199M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Principal Exchange-Traded Funds Principal US Small-Cap ETF
PSC
|
+$423M |
| 2 |
NVIDIA
NVDA
|
+$253M |
| 3 |
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
|
+$245M |
| 4 |
Invitation Homes
INVH
|
+$236M |
| 5 |
Mettler-Toledo International
MTD
|
+$174M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.55% |
| 2 | Real Estate | 17.45% |
| 3 | Financials | 14.34% |
| 4 | Consumer Discretionary | 11.05% |
| 5 | Industrials | 9.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2101
Upstart Holdings
UPST
$2.89B
| $519K | ﹤0.01% |
4,759
-119
| -2% | -$13.7K |
|
2102
U-Haul Holding Co
UHAL
$14.7B
| $518K | ﹤0.01% |
8,680
+2,670
| +44% | +$165K |
|
2103
Cushman & Wakefield Ltd
CWK
$3.2B
| $517K | ﹤0.01% |
25,196
+1,600
| +7% | +$33.9K |
|
2104
Waterstone Financial
WSBF
$375M
| $517K | ﹤0.01% |
26,743
-13,893
| -34% | -$281K |
|
|
BECN
2105
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $516K | ﹤0.01% |
8,711
+381
| +5% | +$21.8K |
|
|
MNDT
2106
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $515K | ﹤0.01% |
23,073
+4,343
| +23% | +$80.3K |
|
2107
PagerDuty
PD
$856M
| $514K | ﹤0.01% |
15,030
+1,070
| +8% | +$34.4K |
|
2108
Restaurant Brands International
QSR
$25.3B
| $513K | ﹤0.01% |
8,776
-96,586
| -92% | -$5.49M |
|
2109
Quanterix
QTRX
$180M
| $513K | ﹤0.01% |
17,590
-12,300
| -41% | -$376K |
|
2110
Teck Resources
TECK
$32.4B
| $512K | ﹤0.01% |
+12,660
| New | +$453K |
|
2111
RBC Bearings
RBC
$17.9B
| $511K | ﹤0.01% |
2,634
-124
| -4% | -$23.7K |
|
2112
OrthoPediatrics
KIDS
$586M
| $510K | ﹤0.01% |
9,446
-3,801
| -29% | -$194K |
|
2113
Kymera Therapeutics
KYMR
$8.75B
| $510K | ﹤0.01% |
12,048
+71
| +0.6% | +$3K |
|
2114
1st Source
SRCE
$2.15B
| $510K | ﹤0.01% |
11,022
-5,594
| -34% | -$276K |
|
2115
United Parks & Resorts
PRKS
$2.09B
| $509K | ﹤0.01% |
6,838
-9
| -0.1% | -$591 |
|
|
CTEV
2116
Claritev Corp
CTEV
$458M
| $509K | ﹤0.01% |
2,720
-228
| -8% | -$37.5K |
|
2117
Asana
ASAN
$2B
| $506K | ﹤0.01% |
12,664
+1,030
| +9% | +$53.6K |
|
|
SPR
2118
DELISTED
Spirit AeroSystems
SPR
| $504K | ﹤0.01% |
10,315
+1,948
| +23% | +$91.1K |
|
2119
York Water
YORW
$512M
| $504K | ﹤0.01% |
11,216
+2,436
| +28% | +$109K |
|
2120
Chegg
CHGG
$98.4M
| $500K | ﹤0.01% |
13,773
-195
| -1% | -$5.87K |
|
2121
Axalta
AXTA
$8.03B
| $498K | ﹤0.01% |
20,279
+4,723
| +30% | +$132K |
|
2122
SouthState Bank Corp
SSB
$10.5B
| $498K | ﹤0.01% |
6,108
+51
| +0.8% | +$4.4K |
|
2123
Upwork
UPWK
$1.16B
| $498K | ﹤0.01% |
21,427
+1,362
| +7% | +$34.1K |
|
|
TCN
2124
DELISTED
Tricon Residential Inc.
TCN
| $495K | ﹤0.01% |
+31,100
| New | +$474K |
|
2125
BWX Technologies
BWXT
$15.3B
| $491K | ﹤0.01% |
9,118
-24
| -0.3% | -$1.18K |
|
Similar funds
Principal Financial Group's Q1 2022 Portfolio in Review
As of Q1 2022, Principal Financial Group held 2,636 positions worth $159B, down 5.3% from $168B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Principal Financial Group's Q1 2022 filing shows 113 new, 868 increased, 1,537 reduced and 97 closed positions. Its largest new stake was Toronto Dominion Bank: 2,598,948 shares worth $206M. The largest sale was Principal Exchange-Traded Funds Principal US Small-Cap ETF, an estimated $423M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 19% a quarter earlier, followed by Real Estate and Financials.
- Principal Financial Group's largest Q1 2022 buy was Toronto Dominion Bank: 2,598,948 shares worth $206M.
- Principal Financial Group added most to Brookfield in Q1 2022, an estimated $274M increase.
- Principal Financial Group's biggest Q1 2022 reduction was Principal Exchange-Traded Funds Principal US Small-Cap ETF, cutting an estimated $423M.
- Principal Financial Group fully exited Sterling Bancorp in Q1 2022, selling an estimated $93.8M.
- Principal Financial Group's ten largest holdings make up 15% of its $159B portfolio in Q1 2022.
- Principal Financial Group opened 113 new positions and closed 97 in Q1 2022.
- Principal Financial Group's portfolio value fell 5.3% quarter-over-quarter to $159B.
Based on Principal Financial Group's 13F filing for Q1 2022, filed 9 May 2022.