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 |
American Tower
AMT
|
+$465M |
| 2 |
SBA Communications
SBAC
|
+$339M |
| 3 |
CCC
CCC Intelligent Solutions
CCC
|
+$209M |
| 4 |
Equinix
EQIX
|
+$180M |
| 5 |
NNN REIT
NNN
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Industrial Realty Trust
FR
|
+$217M |
| 2 |
Digital Realty Trust
DLR
|
+$209M |
| 3 |
TransDigm Group
TDG
|
+$189M |
| 4 |
Public Storage
PSA
|
+$172M |
| 5 |
Realty Income
O
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.82% |
| 2 | Financials | 15.58% |
| 3 | Real Estate | 14.17% |
| 4 | Consumer Discretionary | 11.56% |
| 5 | Industrials | 11.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ATRI
2101
DELISTED
Atrion Corp
ATRI
| $280K | ﹤0.01% |
+604
| New | +$227K |
|
2102
Xponential Fitness
XPOF
$202M
| $278K | ﹤0.01% |
+16,818
| New | +$207K |
|
|
HEES
2103
DELISTED
H&E Equipment Services
HEES
| $278K | ﹤0.01% |
+4,327
| New | +$237K |
|
2104
Oscar Health
OSCR
$8.2B
| $277K | ﹤0.01% |
18,650
-123,269
| -87% | -$1.69M |
|
2105
Sinclair Inc
SBGI
$1.07B
| $275K | ﹤0.01% |
20,401
-16,525
| -45% | -$236K |
|
|
PTVE
2106
DELISTED
Pactiv Evergreen Inc. Common stock
PTVE
| $274K | ﹤0.01% |
+19,130
| New | +$271K |
|
2107
Zymeworks
ZYME
$1.78B
| $273K | ﹤0.01% |
+25,971
| New | +$288K |
|
2108
Golar LNG
GLNG
$5.1B
| $273K | ﹤0.01% |
11,347
-1,258
| -10% | -$28K |
|
2109
PagerDuty
PD
$896M
| $272K | ﹤0.01% |
12,005
+1,539
| +15% | +$36.5K |
|
2110
United Parks & Resorts
PRKS
$2.1B
| $271K | ﹤0.01% |
4,828
+645
| +15% | +$32.7K |
|
2111
Pegasystems
PEGA
$5.34B
| $270K | ﹤0.01% |
8,368
-1,042
| -11% | -$29.2K |
|
2112
Cohen & Steers
CNS
$4.32B
| $269K | ﹤0.01% |
3,498
+509
| +17% | +$36.3K |
|
2113
Upstart Holdings
UPST
$2.96B
| $268K | ﹤0.01% |
9,983
+1,533
| +18% | +$45.3K |
|
|
VRNT
2114
DELISTED
Verint Systems
VRNT
| $268K | ﹤0.01% |
+8,091
| New | +$242K |
|
|
AVDX
2115
DELISTED
AvidXchange
AVDX
| $264K | ﹤0.01% |
20,058
+2,556
| +15% | +$30.7K |
|
2116
Mirion Technologies
MIR
$3.87B
| $262K | ﹤0.01% |
23,036
-2,221
| -9% | -$22.2K |
|
|
SAGE
2117
DELISTED
Sage Therapeutics
SAGE
| $262K | ﹤0.01% |
13,976
+352
| +3% | +$8.12K |
|
|
ACCD
2118
DELISTED
Accolade Inc
ACCD
| $259K | ﹤0.01% |
+24,748
| New | +$281K |
|
2119
First Interstate BancSystem
FIBK
$3.59B
| $258K | ﹤0.01% |
9,500
-911
| -9% | -$24.9K |
|
2120
Shoals Technologies Group
SHLS
$1.41B
| $258K | ﹤0.01% |
23,069
+3,230
| +16% | +$44.4K |
|
2121
Hims & Hers Health
HIMS
$7.21B
| $258K | ﹤0.01% |
16,655
+2,525
| +18% | +$28.5K |
|
|
DCPH
2122
DELISTED
Deciphera Pharmaceuticals, Inc. Common Stock
DCPH
| $256K | ﹤0.01% |
16,303
-865
| -5% | -$13.3K |
|
2123
Ocular Therapeutix
OCUL
$1.95B
| $254K | ﹤0.01% |
27,880
+5,921
| +27% | +$42K |
|
2124
IDT Corp
IDT
$1.64B
| $254K | ﹤0.01% |
+6,707
| New | +$240K |
|
2125
Laureate Education
LAUR
$5.25B
| $251K | ﹤0.01% |
17,256
+1,848
| +12% | +$24.5K |
|
Similar funds
Principal Financial Group's Q1 2024 Portfolio in Review
As of Q1 2024, Principal Financial Group held 2,542 positions worth $170B, up 8.5% from $157B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Principal Financial Group's Q1 2024 filing shows 124 new, 1,250 increased, 1,019 reduced and 115 closed positions. Its largest new stake was Global X US Infrastructure Development ETF: 2,590,000 shares worth $103M. The largest sale was First Industrial Realty Trust, an estimated $217M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q1 2024 buy was Global X US Infrastructure Development ETF: 2,590,000 shares worth $103M.
- Principal Financial Group added most to American Tower in Q1 2024, an estimated $465M increase.
- Principal Financial Group's biggest Q1 2024 reduction was First Industrial Realty Trust, cutting an estimated $217M.
- Principal Financial Group fully exited Livent Corporation in Q1 2024, selling an estimated $45.7M.
- Principal Financial Group's ten largest holdings make up 18% of its $170B portfolio in Q1 2024.
- Principal Financial Group opened 124 new positions and closed 115 in Q1 2024.
- Principal Financial Group's portfolio value rose 8.5% quarter-over-quarter to $170B.
Based on Principal Financial Group's 13F filing for Q1 2024, filed 29 Apr 2024.