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 |
Digital Realty Trust
DLR
|
+$405M |
| 2 |
Brookfield Asset Management
BAM
|
+$375M |
| 3 |
Gaming and Leisure Properties
GLPI
|
+$239M |
| 4 |
Welltower
WELL
|
+$218M |
| 5 |
American Tower
AMT
|
+$170M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
STOR
STORE Capital Corporation
STOR
|
+$364M |
| 2 |
Brookfield
BN
|
+$235M |
| 3 |
Equinix
EQIX
|
+$232M |
| 4 |
Guidewire Software
GWRE
|
+$191M |
| 5 |
Liberty Broadband Class C
LBRDK
|
+$151M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 16.55% |
| 2 | Technology | 15.79% |
| 3 | Financials | 15.77% |
| 4 | Industrials | 10.84% |
| 5 | Consumer Discretionary | 10.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2101
Wayfair
W
$14.4B
| $296K | ﹤0.01% |
9,013
+252
| +3% | +$8.79K |
|
2102
Viridian Therapeutics
VRDN
$2.3B
| $296K | ﹤0.01% |
+10,129
| New | +$233K |
|
|
DNB
2103
DELISTED
Dun & Bradstreet
DNB
| $293K | ﹤0.01% |
23,932
-3,905
| -14% | -$50.1K |
|
2104
BOK Financial
BOKF
$8.79B
| $292K | ﹤0.01% |
2,816
-440
| -14% | -$44.6K |
|
|
DICE
2105
DELISTED
DICE Therapeutics, Inc. Common Stock
DICE
| $291K | ﹤0.01% |
+9,319
| New | +$304K |
|
2106
Zentalis Pharmaceuticals
ZNTL
$344M
| $290K | ﹤0.01% |
14,400
+2,509
| +21% | +$54K |
|
|
AGR
2107
DELISTED
Avangrid, Inc.
AGR
| $290K | ﹤0.01% |
6,745
-1,102
| -14% | -$45.7K |
|
2108
PubMatic
PUBM
$637M
| $289K | ﹤0.01% |
+22,592
| New | +$354K |
|
2109
Malibu Boats
MBUU
$580M
| $289K | ﹤0.01% |
+5,425
| New | +$291K |
|
2110
Penske Automotive Group
PAG
$14.3B
| $288K | ﹤0.01% |
2,507
-534
| -18% | -$60.9K |
|
2111
Atlanta Braves Holdings Series B
BATRK
$3.1B
| $288K | ﹤0.01% |
+8,933
| New | +$278K |
|
2112
Aclaris Therapeutics
ACRS
$851M
| $287K | ﹤0.01% |
18,208
+1,811
| +11% | +$29.1K |
|
|
LX
2113
LexinFintech Holdings
LX
$246M
| $287K | ﹤0.01% |
150,808
+9,851
| +7% | +$16.5K |
|
2114
Grab
GRAB
$15.3B
| $286K | ﹤0.01% |
88,839
-5,751
| -6% | -$16.5K |
|
2115
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
$3.18B
| $286K | ﹤0.01% |
11,672
| – | – |
|
2116
Ryman Hospitality Properties
RHP
$8.18B
| $285K | ﹤0.01% |
3,491
-2,067
| -37% | -$177K |
|
2117
Repay Holdings
RPAY
$339M
| $284K | ﹤0.01% |
+35,295
| New | +$254K |
|
|
ICPT
2118
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $284K | ﹤0.01% |
22,948
+3,157
| +16% | +$44.7K |
|
|
ALTR
2119
DELISTED
Altair Engineering Inc
ALTR
| $284K | ﹤0.01% |
6,242
-1,323
| -17% | -$61.9K |
|
2120
Replimune Group
REPL
$986M
| $284K | ﹤0.01% |
+10,431
| New | +$217K |
|
|
BECN
2121
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $283K | ﹤0.01% |
5,353
-14,600
| -73% | -$825K |
|
|
DAWN
2122
DELISTED
Day One Biopharmaceuticals
DAWN
| $280K | ﹤0.01% |
+13,028
| New | +$267K |
|
|
RYZ
2123
Ryerson Holding Corp
RYZ
$1.43B
| $279K | ﹤0.01% |
+9,232
| New | +$274K |
|
2124
Hertz
HTZ
$480M
| $279K | ﹤0.01% |
18,107
-4,580
| -20% | -$77.1K |
|
2125
Intrepid Potash
IPI
$454M
| $278K | ﹤0.01% |
+9,632
| New | +$357K |
|
Similar funds
Principal Financial Group's Q4 2022 Portfolio in Review
As of Q4 2022, Principal Financial Group held 2,612 positions worth $133B, up 5.5% from $126B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Principal Financial Group's Q4 2022 filing shows 120 new, 876 increased, 1,421 reduced and 175 closed positions. Its largest new stake was Brookfield Asset Management: 12,455,054 shares worth $357M. The largest sale was STORE Capital Corporation, an estimated $364M.
By sector, the portfolio is most concentrated in Real Estate at 17% of assets, down from 17% a quarter earlier, followed by Technology and Financials.
- Principal Financial Group's largest Q4 2022 buy was Brookfield Asset Management: 12,455,054 shares worth $357M.
- Principal Financial Group added most to Digital Realty Trust in Q4 2022, an estimated $405M increase.
- Principal Financial Group's biggest Q4 2022 reduction was STORE Capital Corporation, cutting an estimated $364M.
- Principal Financial Group fully exited Petrobras in Q4 2022, selling an estimated $59M.
- Principal Financial Group's ten largest holdings make up 14% of its $133B portfolio in Q4 2022.
- Principal Financial Group opened 120 new positions and closed 175 in Q4 2022.
- Principal Financial Group's portfolio value rose 5.5% quarter-over-quarter to $133B.
Based on Principal Financial Group's 13F filing for Q4 2022, filed 9 Feb 2023.