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 | |
|---|---|---|---|---|---|---|
2276
Montauk Renewables
MNTK
$242M
| $118K | ﹤0.01% |
15,049
-2,530
| -14% | -$25.7K |
|
2277
Arbutus Biopharma
ABUS
$897M
| $118K | ﹤0.01% |
39,082
+251
| +0.6% | +$708 |
|
2278
Ginkgo Bioworks
DNA
$555M
| $118K | ﹤0.01% |
2,222
+20
| +0.9% | +$1.27K |
|
2279
ImmunityBio
IBRX
$7.76B
| $118K | ﹤0.01% |
64,808
-4,164
| -6% | -$12.9K |
|
2280
Scilex Holding
SCLX
$48.8M
| $117K | ﹤0.01% |
+408
| New | +$113K |
|
2281
Senseonics Holdings Inc
SENS
$269M
| $116K | ﹤0.01% |
8,197
-936
| -10% | -$18.8K |
|
2282
Marathon Digital Holdings
MARA
$4.06B
| $116K | ﹤0.01% |
+13,342
| New | +$93.2K |
|
|
MFA
2283
MFA Financial
MFA
$915M
| $116K | ﹤0.01% |
+11,700
| New | +$124K |
|
2284
ARKO Corp
ARKO
$818M
| $115K | ﹤0.01% |
13,557
-1,868
| -12% | -$15.6K |
|
2285
Quanterix
QTRX
$180M
| $115K | ﹤0.01% |
+10,201
| New | +$130K |
|
2286
Carvana
CVNA
$75.1B
| $114K | ﹤0.01% |
58,465
-7,765
| -12% | -$13.5K |
|
2287
Nurix Therapeutics
NRIX
$2.62B
| $114K | ﹤0.01% |
12,804
+1,793
| +16% | +$18.7K |
|
2288
Uranium Energy
UEC
$5.32B
| $113K | ﹤0.01% |
39,315
-2,922
| -7% | -$10.6K |
|
2289
MiMedx Group
MDXG
$609M
| $112K | ﹤0.01% |
32,891
+4,238
| +15% | +$16.4K |
|
|
MGI
2290
DELISTED
MoneyGram International, Inc. New
MGI
| $111K | ﹤0.01% |
+10,691
| New | +$115K |
|
2291
Virgin Galactic
SPCE
$377M
| $110K | ﹤0.01% |
1,357
+256
| +23% | +$25.5K |
|
2292
Newmark Group
NMRK
$2.66B
| $109K | ﹤0.01% |
+15,451
| New | +$124K |
|
2293
Axogen
AXGN
$2.38B
| $107K | ﹤0.01% |
11,345
-848
| -7% | -$7.76K |
|
|
RDFN
2294
DELISTED
Redfin
RDFN
| $107K | ﹤0.01% |
11,805
-1,062
| -8% | -$7.92K |
|
|
MRSN
2295
DELISTED
Mersana Therapeutics
MRSN
| $105K | ﹤0.01% |
1,018
+143
| +16% | +$20.1K |
|
2296
Cullinan Oncology
CGEM
$1.16B
| $104K | ﹤0.01% |
+10,210
| New | +$113K |
|
|
CTEV
2297
Claritev Corp
CTEV
$458M
| $102K | ﹤0.01% |
2,415
+135
| +6% | +$6.1K |
|
2298
LegalZoom.com
LZ
$971M
| $99.9K | ﹤0.01% |
10,655
-958
| -8% | -$8.11K |
|
|
BLUE
2299
DELISTED
bluebird bio
BLUE
| $99.7K | ﹤0.01% |
1,568
+280
| +22% | +$32K |
|
2300
Lexicon Pharmaceuticals
LXRX
$1.05B
| $98.5K | ﹤0.01% |
40,544
-667
| -2% | -$1.53K |
|
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.