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 |
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
|
+$420M |
| 2 |
Meta Platforms (Facebook)
META
|
+$299M |
| 3 |
LPL Financial
LPLA
|
+$196M |
| 4 |
Vulcan Materials
VMC
|
+$181M |
| 5 |
Healthpeak Properties
DOC
|
+$178M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$811M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$586M |
| 3 |
Progressive
PGR
|
+$395M |
| 4 |
Netflix
NFLX
|
+$355M |
| 5 |
CarMax
KMX
|
+$270M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.35% |
| 2 | Financials | 16.54% |
| 3 | Real Estate | 12.06% |
| 4 | Consumer Discretionary | 11.39% |
| 5 | Industrials | 10.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2101
SiteOne Landscape Supply
SITE
$4.53B
| $255K | ﹤0.01% |
2,111
-425
| -17% | -$50.2K |
|
2102
Viant Technology
DSP
$265M
| $255K | ﹤0.01% |
+19,237
| New | +$263K |
|
2103
Rithm Capital
RITM
$5.69B
| $250K | ﹤0.01% |
22,115
-3,584
| -14% | -$39.5K |
|
2104
Hecla Mining
HL
$11.3B
| $249K | ﹤0.01% |
41,486
+1,875
| +5% | +$10.3K |
|
|
GRSD
2105
Grandstand Limited Ordinary Shares
GRSD
$67M
| $248K | ﹤0.01% |
+20,834
| New | +$257K |
|
2106
Workiva
WK
$3.54B
| $244K | ﹤0.01% |
3,564
-520
| -13% | -$35.8K |
|
2107
Amer Sports
AS
$21.4B
| $241K | ﹤0.01% |
+6,227
| New | +$192K |
|
|
SLNO
2108
DELISTED
Soleno Therapeutics
SLNO
| $239K | ﹤0.01% |
+2,857
| New | +$214K |
|
2109
Rigetti Computing
RGTI
$5.99B
| $239K | ﹤0.01% |
20,134
+7,606
| +61% | +$80.2K |
|
2110
Health Catalyst
HCAT
$128M
| $237K | ﹤0.01% |
+62,791
| New | +$247K |
|
|
NUVL
2111
DELISTED
Nuvalent
NUVL
| $233K | ﹤0.01% |
+3,056
| New | +$224K |
|
2112
UiPath
PATH
$7.8B
| $233K | ﹤0.01% |
18,184
-9,737
| -35% | -$117K |
|
2113
Hackett Group
HCKT
$287M
| $231K | ﹤0.01% |
9,068
+1,017
| +13% | +$25.9K |
|
|
RNAM
2114
DELISTED
Avidity Biosciences
RNAM
| $230K | ﹤0.01% |
8,116
-954
| -11% | -$28.4K |
|
2115
Noble Corp
NE
$6.51B
| $230K | ﹤0.01% |
8,652
-1,334
| -13% | -$32K |
|
2116
American Public Education
APEI
$940M
| $223K | ﹤0.01% |
7,308
-5,290
| -42% | -$140K |
|
2117
Aurora
AUR
$13.8B
| $216K | ﹤0.01% |
41,126
-29,526
| -42% | -$185K |
|
2118
Procept Biorobotics
PRCT
$1.17B
| $215K | ﹤0.01% |
3,736
-23,638
| -86% | -$1.34M |
|
|
BWIN
2119
Baldwin Insurance Group
BWIN
$2.86B
| $214K | ﹤0.01% |
5,000
-57,405
| -92% | -$2.33M |
|
2120
C3.ai
AI
$1.59B
| $212K | ﹤0.01% |
+8,613
| New | +$197K |
|
2121
SIGA Technologies
SIGA
$219M
| $210K | ﹤0.01% |
32,276
+8,160
| +34% | +$48.9K |
|
2122
El Pollo Loco
LOCO
$462M
| $208K | ﹤0.01% |
+18,871
| New | +$187K |
|
2123
Zeta Global
ZETA
$6.69B
| $207K | ﹤0.01% |
13,390
-141,748
| -91% | -$1.88M |
|
2124
Climb Global Solutions
CLMB
$519M
| $207K | ﹤0.01% |
+7,740
| New | +$204K |
|
2125
Uranium Energy
UEC
$5.57B
| $206K | ﹤0.01% |
30,286
-2,578
| -8% | -$14.4K |
|
Similar funds
Principal Financial Group's Q2 2025 Portfolio in Review
As of Q2 2025, Principal Financial Group held 2,339 positions worth $189B, up 6.2% from $178B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Principal Financial Group's Q2 2025 filing shows 168 new, 694 increased, 1,347 reduced and 115 closed positions. Its largest new stake was State Street SPDR Portfolio High Yield Bond ETF: 2,146,080 shares worth $51.1M. The largest sale was iShares Core S&P 500 ETF, an estimated $811M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 18% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q2 2025 buy was State Street SPDR Portfolio High Yield Bond ETF: 2,146,080 shares worth $51.1M.
- Principal Financial Group added most to Principal Exchange-Traded Funds Principal US Mega-Cap ETF in Q2 2025, an estimated $420M increase.
- Principal Financial Group's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $811M.
- Principal Financial Group fully exited Discover Financial Services in Q2 2025, selling an estimated $53.1M.
- Principal Financial Group's ten largest holdings make up 21% of its $189B portfolio in Q2 2025.
- Principal Financial Group opened 168 new positions and closed 115 in Q2 2025.
- Principal Financial Group's portfolio value rose 6.2% quarter-over-quarter to $189B.
Based on Principal Financial Group's 13F filing for Q2 2025, filed 8 Aug 2025.