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 |
Microsoft
MSFT
|
+$364M |
| 2 |
Moody's
MCO
|
+$313M |
| 3 |
VICI Properties
VICI
|
+$247M |
| 4 |
Progressive
PGR
|
+$240M |
| 5 |
Amazon
AMZN
|
+$197M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$251M |
| 2 |
Etsy
ETSY
|
+$209M |
| 3 |
MGP
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
|
+$202M |
| 4 |
Healthcare Realty
HR
|
+$191M |
| 5 |
PayPal
PYPL
|
+$165M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 17.6% |
| 2 | Technology | 16.41% |
| 3 | Financials | 14.71% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Industrials | 9.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2251
Artesian Resources
ARTNA
$352M
| $235K | ﹤0.01% |
4,781
-2,539
| -35% | -$119K |
|
2252
Lyell Immunopharma
LYEL
$315M
| $235K | ﹤0.01% |
1,802
-584
| -24% | -$59.7K |
|
2253
Transcat
TRNS
$838M
| $235K | ﹤0.01% |
4,132
+1,667
| +68% | +$115K |
|
2254
iShares S&P Small-Cap 600 Value ETF
IJS
$8.28B
| $234K | ﹤0.01% |
+2,632
| New | +$252K |
|
2255
Veracyte
VCYT
$3.58B
| $234K | ﹤0.01% |
11,736
+3,704
| +46% | +$74.8K |
|
2256
Celldex Therapeutics
CLDX
$2.96B
| $233K | ﹤0.01% |
8,638
-33,851
| -80% | -$983K |
|
|
RYZ
2257
Ryerson Holding Corp
RYZ
$1.46B
| $233K | ﹤0.01% |
+10,941
| New | +$343K |
|
|
USAK
2258
DELISTED
USA Truck Inc
USAK
| $233K | ﹤0.01% |
+7,421
| New | +$128K |
|
2259
Northern Oil and Gas
NOG
$2.25B
| $231K | ﹤0.01% |
+9,156
| New | +$266K |
|
2260
OneWater Marine
ONEW
$212M
| $231K | ﹤0.01% |
+6,987
| New | +$233K |
|
2261
Algonquin Power & Utilities
AQN
$4.42B
| $228K | ﹤0.01% |
17,014
-887
| -5% | -$12.8K |
|
2262
Beyond Meat
BYND
$316M
| $228K | ﹤0.01% |
9,526
+3,863
| +68% | +$123K |
|
2263
Aclaris Therapeutics
ACRS
$772M
| $226K | ﹤0.01% |
16,157
-16,096
| -50% | -$226K |
|
2264
StoneCo
STNE
$2.76B
| $226K | ﹤0.01% |
29,319
+7,459
| +34% | +$71.4K |
|
2265
Ameresco
AMRC
$1.2B
| $225K | ﹤0.01% |
4,937
-675
| -12% | -$37.5K |
|
|
RETA
2266
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $224K | ﹤0.01% |
+7,371
| New | +$220K |
|
|
SI
2267
DELISTED
Silvergate Capital Corporation
SI
| $224K | ﹤0.01% |
4,192
-891
| -18% | -$83.1K |
|
2268
Equity Bancshares
EQBK
$1.05B
| $222K | ﹤0.01% |
+7,620
| New | +$239K |
|
2269
Schrodinger
SDGR
$1.14B
| $221K | ﹤0.01% |
8,374
+145
| +2% | +$3.9K |
|
|
LAZR
2270
DELISTED
Luminar Technologies
LAZR
| $220K | ﹤0.01% |
+2,469
| New | +$394K |
|
|
TEN
2271
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $220K | ﹤0.01% |
12,806
+992
| +8% | +$16.7K |
|
2272
CAE Inc. Common Shares
CAE
$8.51B
| $219K | ﹤0.01% |
8,909
-22,200
| -71% | -$550K |
|
2273
Eastern Bankshares
EBC
$5.29B
| $219K | ﹤0.01% |
11,840
-5,576
| -32% | -$108K |
|
|
BWIN
2274
Baldwin Insurance Group
BWIN
$2.85B
| $219K | ﹤0.01% |
9,074
-116,132
| -93% | -$2.82M |
|
|
CNR
2275
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $219K | ﹤0.01% |
8,928
-1,097
| -11% | -$26.8K |
|
Similar funds
Principal Financial Group's Q2 2022 Portfolio in Review
As of Q2 2022, Principal Financial Group held 2,734 positions worth $135B, down 15% from $159B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Principal Financial Group's Q2 2022 filing shows 195 new, 1,135 increased, 1,153 reduced and 225 closed positions. Its largest new stake was ESAB: 862,950 shares worth $37.8M. The largest sale was Salesforce, an estimated $251M.
By sector, the portfolio is most concentrated in Real Estate at 18% of assets, up from 17% a quarter earlier, followed by Technology and Financials.
- Principal Financial Group's largest Q2 2022 buy was ESAB: 862,950 shares worth $37.8M.
- Principal Financial Group added most to Microsoft in Q2 2022, an estimated $364M increase.
- Principal Financial Group's biggest Q2 2022 reduction was Salesforce, cutting an estimated $251M.
- Principal Financial Group fully exited MGM Growth Properties LLC Class A common shares representing limited liability company interests in Q2 2022, selling an estimated $202M.
- Principal Financial Group's ten largest holdings make up 15% of its $135B portfolio in Q2 2022.
- Principal Financial Group opened 195 new positions and closed 225 in Q2 2022.
- Principal Financial Group's portfolio value fell 15% quarter-over-quarter to $135B.
Based on Principal Financial Group's 13F filing for Q2 2022, filed 10 Aug 2022.