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 | |
|---|---|---|---|---|---|---|
|
SUMO
2226
DELISTED
Sumo Logic, Inc. Common Stock
SUMO
| $157K | ﹤0.01% |
13,099
+1,602
| +14% | +$17.5K |
|
2227
Lufax Holding
LU
$1.32B
| $156K | ﹤0.01% |
19,061
+1,361
| +8% | +$13K |
|
2228
Rigel Pharmaceuticals
RIGL
$749M
| $152K | ﹤0.01% |
11,496
-1,761
| -13% | -$28K |
|
2229
Upwork
UPWK
$1.19B
| $151K | ﹤0.01% |
13,319
-1,197
| -8% | -$14.2K |
|
|
PETQ
2230
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $150K | ﹤0.01% |
13,149
-2,660
| -17% | -$29.5K |
|
2231
ADT
ADT
$5.61B
| $150K | ﹤0.01% |
20,744
+863
| +4% | +$7.04K |
|
|
CIM
2232
Chimera Investment
CIM
$1.01B
| $149K | ﹤0.01% |
8,832
+3,784
| +75% | +$72.4K |
|
2233
Arcutis Biotherapeutics
ARQT
$3.33B
| $147K | ﹤0.01% |
13,383
-979
| -7% | -$14.2K |
|
2234
Gates Industrial Corporation Ltd.
GTES
$7.28B
| $146K | ﹤0.01% |
10,530
+465
| +5% | +$6.2K |
|
|
DENN
2235
DELISTED
Denny's
DENN
| $145K | ﹤0.01% |
13,013
-1,502
| -10% | -$17.5K |
|
2236
Coursera
COUR
$1.49B
| $145K | ﹤0.01% |
12,554
-1,260
| -9% | -$16.3K |
|
|
VISN
2237
Vistance Networks Inc
VISN
$2.38B
| $144K | ﹤0.01% |
22,578
-2,257
| -9% | -$17.1K |
|
|
BRY
2238
DELISTED
Berry Corp
BRY
| $140K | ﹤0.01% |
17,844
+842
| +5% | +$7.3K |
|
2239
Magnite
MGNI
$3.61B
| $140K | ﹤0.01% |
+15,081
| New | +$161K |
|
2240
Cerus
CERS
$470M
| $139K | ﹤0.01% |
46,779
-3,470
| -7% | -$10.4K |
|
|
DO
2241
DELISTED
Diamond Offshore Drilling, Inc.
DO
| $139K | ﹤0.01% |
+11,534
| New | +$133K |
|
2242
Novavax
NVAX
$1.26B
| $139K | ﹤0.01% |
20,009
-1,856
| -8% | -$17.1K |
|
2243
Aclaris Therapeutics
ACRS
$860M
| $137K | ﹤0.01% |
16,933
-1,275
| -7% | -$16.2K |
|
|
ZUO
2244
DELISTED
Zuora, Inc.
ZUO
| $137K | ﹤0.01% |
13,856
-868
| -6% | -$7.27K |
|
|
LGF.B
2245
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $137K | ﹤0.01% |
+13,162
| New | +$112K |
|
|
CIO
2246
DELISTED
City Office REIT
CIO
| $135K | ﹤0.01% |
19,591
-1,860
| -9% | -$15.7K |
|
2247
Dyne Therapeutics
DYN
$4.86B
| $134K | ﹤0.01% |
11,619
+950
| +9% | +$12.3K |
|
|
MNTV
2248
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $134K | ﹤0.01% |
14,340
-1,437
| -9% | -$11.3K |
|
2249
Mirion Technologies
MIR
$3.75B
| $133K | ﹤0.01% |
15,612
-794,616
| -98% | -$6.3M |
|
2250
Hims & Hers Health
HIMS
$6.97B
| $133K | ﹤0.01% |
13,392
-264
| -2% | -$2.31K |
|
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.