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 |
Intuit
INTU
|
+$210M |
| 2 |
Truist Financial
TFC
|
+$185M |
| 3 |
Charter Communications
CHTR
|
+$172M |
| 4 |
Credit Acceptance
CACC
|
+$155M |
| 5 |
Park Hotels & Resorts
PK
|
+$145M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
STI
SunTrust Banks, Inc.
STI
|
+$162M |
| 2 |
Albemarle
ALB
|
+$152M |
| 3 |
CELG
Celgene Corp
CELG
|
+$109M |
| 4 |
Apple
AAPL
|
+$102M |
| 5 |
DOC
PHYSICIANS REALTY TRUST
DOC
|
+$102M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 16.21% |
| 2 | Financials | 16.12% |
| 3 | Technology | 15.59% |
| 4 | Consumer Discretionary | 11.07% |
| 5 | Industrials | 9.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
East-West Bancorp
EWBC
$17.9B
| $155M | 0.13% |
3,182,027
-53,993
| -2% | -$2.43M |
|
202
Terreno Realty
TRNO
$7.59B
| $154M | 0.13% |
2,844,499
+84,779
| +3% | +$4.63M |
|
203
Realty Income
O
$61.1B
| $154M | 0.13% |
2,151,975
+482,014
| +29% | +$35.9M |
|
204
U-Haul Holding Co
UHAL
$14B
| $153M | 0.13% |
4,084,160
-52,400
| -1% | -$1.99M |
|
205
Equity Lifestyle Properties
ELS
$13.1B
| $153M | 0.13% |
2,166,978
-36,032
| -2% | -$2.51M |
|
206
Autoliv
ALV
$9.14B
| $150M | 0.13% |
1,777,045
-31,939
| -2% | -$2.61M |
|
207
Bank OZK
OZK
$5.63B
| $147M | 0.12% |
4,833,446
-120,881
| -2% | -$3.55M |
|
|
MPT
208
Medical Properties Trust
MPT
$2.85B
| $146M | 0.12% |
6,918,242
+156,806
| +2% | +$3.17M |
|
209
Qualcomm
QCOM
$164B
| $145M | 0.12% |
1,645,194
-179,184
| -10% | -$15M |
|
210
AerCap
AER
$23.5B
| $143M | 0.12% |
2,324,294
+119,994
| +5% | +$7.06M |
|
211
Lockheed Martin
LMT
$131B
| $142M | 0.12% |
365,840
-9,254
| -2% | -$3.55M |
|
212
PPG Industries
PPG
$24.9B
| $141M | 0.12% |
1,058,241
+18,436
| +2% | +$2.34M |
|
213
NXP Semiconductors
NXPI
$60.8B
| $141M | 0.12% |
1,106,738
+153,104
| +16% | +$17.8M |
|
214
Novartis
NVS
$302B
| $137M | 0.11% |
1,442,908
+75,130
| +5% | +$6.74M |
|
215
CVS Health
CVS
$135B
| $136M | 0.11% |
1,836,663
-56,870
| -3% | -$3.99M |
|
216
Lowe's Companies
LOW
$121B
| $135M | 0.11% |
1,125,016
-2,166
| -0.2% | -$248K |
|
217
Altria Group
MO
$125B
| $134M | 0.11% |
2,688,222
-31,442
| -1% | -$1.48M |
|
218
GE Aerospace
GE
$364B
| $134M | 0.11% |
2,406,197
-75,660
| -3% | -$3.91M |
|
219
Alliant Energy
LNT
$18.6B
| $132M | 0.11% |
2,416,903
+11,433
| +0.5% | +$607K |
|
|
SUM
220
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $131M | 0.11% |
5,568,647
+312,624
| +6% | +$7.09M |
|
221
Cullen/Frost Bankers
CFR
$10.5B
| $130M | 0.11% |
1,331,784
-13,221
| -1% | -$1.23M |
|
222
Illumina
ILMN
$29.5B
| $130M | 0.11% |
402,942
-1,582
| -0.4% | -$479K |
|
223
Alaska Air
ALK
$5.12B
| $129M | 0.11% |
1,909,772
-10,086
| -0.5% | -$689K |
|
224
Sunstone Hotel Investors
SHO
$2.19B
| $129M | 0.11% |
9,279,657
-2,639,616
| -22% | -$36.6M |
|
225
Cathay General Bancorp
CATY
$4.22B
| $126M | 0.1% |
3,309,235
+438,848
| +15% | +$16M |
|
Similar funds
Principal Financial Group's Q4 2019 Portfolio in Review
As of Q4 2019, Principal Financial Group held 2,348 positions worth $120B, up 5.8% from $113B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Principal Financial Group's Q4 2019 filing shows 104 new, 867 increased, 1,241 reduced and 118 closed positions. Its largest new stake was Park Hotels & Resorts: 6,053,859 shares worth $157M. The largest sale was SunTrust Banks, Inc., an estimated $162M.
By sector, the portfolio is most concentrated in Real Estate at 16% of assets, down from 17% a quarter earlier, followed by Financials and Technology.
- Principal Financial Group's largest Q4 2019 buy was Park Hotels & Resorts: 6,053,859 shares worth $157M.
- Principal Financial Group added most to Intuit in Q4 2019, an estimated $210M increase.
- Principal Financial Group's biggest Q4 2019 reduction was Albemarle, cutting an estimated $152M.
- Principal Financial Group fully exited SunTrust Banks, Inc. in Q4 2019, selling an estimated $162M.
- Principal Financial Group's ten largest holdings make up 11% of its $120B portfolio in Q4 2019.
- Principal Financial Group opened 104 new positions and closed 118 in Q4 2019.
- Principal Financial Group's portfolio value rose 5.8% quarter-over-quarter to $120B.
Based on Principal Financial Group's 13F filing for Q4 2019, filed 5 Feb 2020.