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 |
Intuitive Surgical
ISRG
|
+$193M |
| 2 |
Agree Realty
ADC
|
+$165M |
| 3 |
Tyler Technologies
TYL
|
+$162M |
| 4 |
SBA Communications
SBAC
|
+$105M |
| 5 |
CoStar Group
CSGP
|
+$98.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RP
RealPage, Inc.
RP
|
+$285M |
| 2 |
Apple
AAPL
|
+$261M |
| 3 |
Deere & Co
DE
|
+$203M |
| 4 |
WORK
Slack Technologies, Inc.
WORK
|
+$193M |
| 5 |
Microsoft
MSFT
|
+$187M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.25% |
| 2 | Financials | 15.26% |
| 3 | Real Estate | 14.94% |
| 4 | Consumer Discretionary | 12.64% |
| 5 | Industrials | 9.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Avery Dennison
AVY
$13B
| $145M | 0.1% |
791,604
-113,640
| -13% | -$19.4M |
|
202
Agilent Technologies
A
$39.1B
| $145M | 0.1% |
1,137,706
+1,339
| +0.1% | +$165K |
|
203
Novartis
NVS
$297B
| $144M | 0.1% |
1,687,040
+12,864
| +0.8% | +$1.15M |
|
204
Enterprise Products Partners
EPD
$82.3B
| $144M | 0.1% |
6,518,588
+224,131
| +4% | +$4.93M |
|
205
Fair Isaac
FICO
$24.3B
| $143M | 0.1% |
295,154
+11,830
| +4% | +$5.62M |
|
206
Lam Research
LRCX
$367B
| $143M | 0.1% |
2,406,490
-276,440
| -10% | -$15.1M |
|
207
Brown-Forman Class B
BF.B
$13.2B
| $140M | 0.1% |
2,034,725
-187,055
| -8% | -$13.7M |
|
208
IBM
IBM
$211B
| $139M | 0.1% |
1,093,015
-99,693
| -8% | -$11.9M |
|
209
Snap-on
SNA
$21.2B
| $138M | 0.1% |
597,233
-1,034
| -0.2% | -$204K |
|
210
RTX Corp
RTX
$290B
| $138M | 0.1% |
1,781,059
-150,930
| -8% | -$11M |
|
211
Equity Residential
EQR
$24.9B
| $136M | 0.1% |
1,900,244
-618,921
| -25% | -$41M |
|
212
East-West Bancorp
EWBC
$17.9B
| $136M | 0.1% |
1,842,637
-696,153
| -27% | -$47.4M |
|
213
Goldman Sachs
GS
$300B
| $136M | 0.1% |
415,088
-29,680
| -7% | -$9.24M |
|
214
Bank OZK
OZK
$5.6B
| $135M | 0.1% |
3,310,437
-1,042,363
| -24% | -$41M |
|
215
GE Aerospace
GE
$374B
| $135M | 0.1% |
2,065,706
-159,503
| -7% | -$9.66M |
|
216
Liberty Broadband Class A
LBRDA
$4.89B
| $135M | 0.09% |
928,992
+1,741
| +0.2% | +$258K |
|
|
KW
217
DELISTED
Kennedy-Wilson Holdings
KW
| $135M | 0.09% |
6,669,138
-343,100
| -5% | -$6.44M |
|
218
Choice Hotels
CHH
$5.07B
| $132M | 0.09% |
1,227,318
+28,455
| +2% | +$3.03M |
|
|
MGP
219
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $131M | 0.09% |
4,018,879
+2,440,026
| +155% | +$79M |
|
220
Public Storage
PSA
$60.5B
| $131M | 0.09% |
530,597
-694
| -0.1% | -$162K |
|
221
Lincoln Electric
LECO
$14.2B
| $130M | 0.09% |
1,056,989
-81,125
| -7% | -$9.69M |
|
222
Steris
STE
$22.3B
| $129M | 0.09% |
674,682
-116,666
| -15% | -$21.6M |
|
223
T-Mobile US
TMUS
$185B
| $127M | 0.09% |
1,013,680
-16,304
| -2% | -$2.05M |
|
|
HZNP
224
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $126M | 0.09% |
1,367,203
+796,054
| +139% | +$67.2M |
|
225
CVS Health
CVS
$133B
| $125M | 0.09% |
1,665,706
-123,184
| -7% | -$8.97M |
|
Similar funds
Principal Financial Group's Q1 2021 Portfolio in Review
As of Q1 2021, Principal Financial Group held 2,536 positions worth $142B, up 5.3% from $135B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Principal Financial Group's Q1 2021 filing shows 122 new, 1,357 increased, 986 reduced and 57 closed positions. Its largest new stake was Copa Holdings: 596,434 shares worth $48.2M. The largest sale was RealPage, Inc., an estimated $285M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 19% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q1 2021 buy was Copa Holdings: 596,434 shares worth $48.2M.
- Principal Financial Group added most to Intuitive Surgical in Q1 2021, an estimated $193M increase.
- Principal Financial Group's biggest Q1 2021 reduction was RealPage, Inc., cutting an estimated $285M.
- Principal Financial Group fully exited HMS Holdings Corp. in Q1 2021, selling an estimated $47.9M.
- Principal Financial Group's ten largest holdings make up 14% of its $142B portfolio in Q1 2021.
- Principal Financial Group opened 122 new positions and closed 57 in Q1 2021.
- Principal Financial Group's portfolio value rose 5.3% quarter-over-quarter to $142B.
Based on Principal Financial Group's 13F filing for Q1 2021, filed 10 May 2021.