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 | |
|---|---|---|---|---|---|---|
2126
PagerDuty
PD
$853M
| $276K | ﹤0.01% |
10,385
-2,002
| -16% | -$47.3K |
|
|
ACLX
2127
DELISTED
Arcellx
ACLX
| $276K | ﹤0.01% |
+8,901
| New | +$204K |
|
2128
New Fortress Energy
NFE
$96.2M
| $274K | ﹤0.01% |
6,470
+911
| +16% | +$44K |
|
2129
Kymera Therapeutics
KYMR
$8.67B
| $271K | ﹤0.01% |
10,846
+967
| +10% | +$25.8K |
|
2130
Rocket Pharmaceuticals
RCKT
$382M
| $269K | ﹤0.01% |
13,729
+1,752
| +15% | +$32.3K |
|
2131
Liberty Energy
LBRT
$3.18B
| $268K | ﹤0.01% |
16,723
-4,060
| -20% | -$64.6K |
|
|
VRNT
2132
DELISTED
Verint Systems
VRNT
| $268K | ﹤0.01% |
7,376
-28,839
| -80% | -$1.04M |
|
|
RNAM
2133
DELISTED
Avidity Biosciences
RNAM
| $267K | ﹤0.01% |
12,030
+1,333
| +12% | +$19.9K |
|
2134
CRA International
CRAI
$1.15B
| $267K | ﹤0.01% |
+2,179
| New | +$240K |
|
|
IMGN
2135
DELISTED
Immunogen Inc
IMGN
| $267K | ﹤0.01% |
53,783
+1,616
| +3% | +$8.76K |
|
2136
Sterling Infrastructure
STRL
$16.7B
| $266K | ﹤0.01% |
8,124
-1,295
| -14% | -$38.1K |
|
2137
Recursion Pharmaceuticals
RXRX
$1.68B
| $266K | ﹤0.01% |
34,483
+1,603
| +5% | +$15.7K |
|
|
DOYU
2138
DouYu International Holdings
DOYU
$144M
| $266K | ﹤0.01% |
18,975
+1,239
| +7% | +$14.5K |
|
|
RTL
2139
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
| $257K | ﹤0.01% |
43,369
+29,558
| +214% | +$188K |
|
2140
VanEck High Yield Muni ETF
HYD
$4.44B
| $255K | ﹤0.01% |
5,048
-4,000
| -44% | -$202K |
|
2141
APi Group
APG
$18B
| $253K | ﹤0.01% |
20,214
-11,867
| -37% | -$137K |
|
2142
Napco Security Technologies
NSSC
$1.44B
| $253K | ﹤0.01% |
9,207
+254
| +3% | +$6.85K |
|
|
AIMC
2143
DELISTED
Altra Industrial Motion Corp
AIMC
| $253K | ﹤0.01% |
4,230
-2,486
| -37% | -$131K |
|
2144
BridgeBio Pharma
BBIO
$16.1B
| $251K | ﹤0.01% |
32,997
+2,378
| +8% | +$22.8K |
|
2145
Fate Therapeutics
FATE
$308M
| $249K | ﹤0.01% |
24,666
+1,416
| +6% | +$26.6K |
|
|
MAXR
2146
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
| $248K | ﹤0.01% |
+4,787
| New | +$131K |
|
|
INBX
2147
DELISTED
Inhibrx, Inc. Common Stock
INBX
| $245K | ﹤0.01% |
+9,950
| New | +$292K |
|
2148
AppFolio
APPF
$6.88B
| $245K | ﹤0.01% |
2,324
-449
| -16% | -$49.9K |
|
|
NUVL
2149
DELISTED
Nuvalent
NUVL
| $243K | ﹤0.01% |
+8,153
| New | +$227K |
|
2150
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.42B
| $242K | ﹤0.01% |
3,809
| – | – |
|
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.