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 |
iShares Core S&P 500 ETF
IVV
|
+$154M |
| 2 |
Gaming and Leisure Properties
GLPI
|
+$122M |
| 3 |
Boston Properties
BXP
|
+$112M |
| 4 |
iShares MBS ETF
MBB
|
+$90.3M |
| 5 |
Brookfield
BN
|
+$75.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FRC
First Republic Bank
FRC
|
+$273M |
| 2 |
TransDigm Group
TDG
|
+$208M |
| 3 |
Toronto Dominion Bank
TD
|
+$153M |
| 4 |
MPT
Medical Properties Trust
MPT
|
+$135M |
| 5 |
Credit Acceptance
CACC
|
+$123M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.56% |
| 2 | Real Estate | 15.87% |
| 3 | Financials | 14.95% |
| 4 | Consumer Discretionary | 11.17% |
| 5 | Industrials | 11.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2201
Riot Platforms
RIOT
$7.83B
| $180K | ﹤0.01% |
18,067
+7,817
| +76% | +$50.8K |
|
2202
Laureate Education
LAUR
$5.24B
| $180K | ﹤0.01% |
+15,323
| New | +$169K |
|
|
LAZR
2203
DELISTED
Luminar Technologies
LAZR
| $179K | ﹤0.01% |
1,843
-166
| -8% | -$17.4K |
|
2204
Enovix
ENVX
$960M
| $178K | ﹤0.01% |
13,678
-1,375
| -9% | -$11.3K |
|
2205
Alector
ALEC
$212M
| $177K | ﹤0.01% |
28,669
-3,644
| -11% | -$29.6K |
|
|
NOVA
2206
DELISTED
Sunnova Energy
NOVA
| $177K | ﹤0.01% |
+11,317
| New | +$198K |
|
|
BORR
2207
Borr Drilling
BORR
$1.2B
| $171K | ﹤0.01% |
22,596
+4,719
| +26% | +$30.4K |
|
2208
Ramaco Resources Class A
METC
$638M
| $170K | ﹤0.01% |
19,995
-4,535
| -18% | -$42.4K |
|
2209
Liquidia Corp
LQDA
$7.95B
| $170K | ﹤0.01% |
24,564
-2,323
| -9% | -$15.9K |
|
2210
ACV Auctions
ACVA
$1.35B
| $170K | ﹤0.01% |
13,133
+2,471
| +23% | +$27K |
|
2211
1-800-Flowers.com
FLWS
$262M
| $169K | ﹤0.01% |
14,705
-1,700
| -10% | -$17.4K |
|
2212
DHT Holdings
DHT
$2.93B
| $169K | ﹤0.01% |
+15,609
| New | +$157K |
|
2213
IDEAYA Biosciences
IDYA
$3.53B
| $167K | ﹤0.01% |
12,167
+1,729
| +17% | +$28.8K |
|
2214
Target Hospitality
TH
$1.63B
| $166K | ﹤0.01% |
12,638
-2,548
| -17% | -$40.8K |
|
|
EQRX
2215
DELISTED
EQRx, Inc. Common Stock
EQRX
| $166K | ﹤0.01% |
85,460
+5,390
| +7% | +$12.3K |
|
2216
Rocket Companies
RKT
$38.4B
| $165K | ﹤0.01% |
18,244
-17
| -0.1% | -$147 |
|
|
INFN
2217
DELISTED
Infinera Corporation Common Stock
INFN
| $165K | ﹤0.01% |
21,276
-1,911
| -8% | -$13.9K |
|
2218
Anavex Life Sciences
AVXL
$312M
| $165K | ﹤0.01% |
19,265
-1,439
| -7% | -$14.4K |
|
2219
Maravai LifeSciences
MRVI
$863M
| $165K | ﹤0.01% |
11,743
-2,206
| -16% | -$31.7K |
|
2220
Safe Bulkers
SB
$768M
| $163K | ﹤0.01% |
44,192
-5,606
| -11% | -$18.8K |
|
2221
Opko Health
OPK
$1.03B
| $163K | ﹤0.01% |
111,375
+3,515
| +3% | +$4.52K |
|
2222
NovaGold Resources
NG
$3.14B
| $163K | ﹤0.01% |
26,131
-2,259
| -8% | -$13.7K |
|
2223
Snap
SNAP
$8.98B
| $161K | ﹤0.01% |
14,348
+1,025
| +8% | +$10.8K |
|
|
CCC
2224
CCC Intelligent Solutions
CCC
$4B
| $160K | ﹤0.01% |
17,833
-694
| -4% | -$6.18K |
|
2225
KRONOS Worldwide
KRO
$933M
| $157K | ﹤0.01% |
17,096
-3,858
| -18% | -$40.5K |
|
Similar funds
Principal Financial Group's Q1 2023 Portfolio in Review
As of Q1 2023, Principal Financial Group held 2,542 positions worth $140B, up 5.3% from $133B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Principal Financial Group's Q1 2023 filing shows 105 new, 1,088 increased, 1,245 reduced and 79 closed positions. Its largest new stake was National Health Investors: 1,082,334 shares worth $55.8M. The largest sale was First Republic Bank, an estimated $273M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 16% a quarter earlier, followed by Real Estate and Financials.
- Principal Financial Group's largest Q1 2023 buy was National Health Investors: 1,082,334 shares worth $55.8M.
- Principal Financial Group added most to iShares Core S&P 500 ETF in Q1 2023, an estimated $154M increase.
- Principal Financial Group's biggest Q1 2023 reduction was First Republic Bank, cutting an estimated $273M.
- Principal Financial Group fully exited STORE Capital Corporation in Q1 2023, selling an estimated $62.5M.
- Principal Financial Group's ten largest holdings make up 15% of its $140B portfolio in Q1 2023.
- Principal Financial Group opened 105 new positions and closed 79 in Q1 2023.
- Principal Financial Group's portfolio value rose 5.3% quarter-over-quarter to $140B.
Based on Principal Financial Group's 13F filing for Q1 2023, filed 9 May 2023.