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 |
Brookfield
BN
|
+$176M |
| 2 |
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
|
+$156M |
| 3 |
HEICO Corp Class A
HEI.A
|
+$138M |
| 4 |
Ventas
VTR
|
+$108M |
| 5 |
Cemex
CX
|
+$99.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$263M |
| 2 |
TransDigm Group
TDG
|
+$180M |
| 3 |
Verizon
VZ
|
+$174M |
| 4 |
Moody's
MCO
|
+$153M |
| 5 |
Digital Realty Trust
DLR
|
+$140M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.26% |
| 2 | Real Estate | 15.51% |
| 3 | Financials | 14.64% |
| 4 | Industrials | 11.51% |
| 5 | Consumer Discretionary | 11.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2276
Virgin Galactic
SPCE
$328M
| $111K | ﹤0.01% |
1,426
+69
| +5% | +$5.46K |
|
|
LGF.B
2277
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $110K | ﹤0.01% |
13,232
+70
| +0.5% | +$689 |
|
|
HAPN
2278
Happen Inc
HAPN
$2.21B
| $110K | ﹤0.01% |
11,306
-819
| -7% | -$6.58K |
|
2279
Lufax Holding
LU
$1.38B
| $109K | ﹤0.01% |
19,061
| – | – |
|
|
UDMY
2280
DELISTED
Udemy
UDMY
| $109K | ﹤0.01% |
+10,130
| New | +$96.6K |
|
2281
Cullinan Oncology
CGEM
$1.01B
| $108K | ﹤0.01% |
10,037
-173
| -2% | -$1.84K |
|
2282
Janus International
JBI
$700M
| $107K | ﹤0.01% |
+10,031
| New | +$93.9K |
|
|
SLGC
2283
DELISTED
SomaLogic, Inc. Class A Common Stock
SLGC
| $107K | ﹤0.01% |
46,158
-471
| -1% | -$1.33K |
|
2284
Butterfly Network
BFLY
$1.89B
| $106K | ﹤0.01% |
46,089
+4,986
| +12% | +$11.1K |
|
2285
Kodiak Sciences
KOD
$2.6B
| $105K | ﹤0.01% |
15,237
+2,494
| +20% | +$15.3K |
|
2286
AvePoint
AVPT
$2.76B
| $104K | ﹤0.01% |
18,105
+3,798
| +27% | +$20K |
|
2287
Evolus
EOLS
$385M
| $104K | ﹤0.01% |
14,256
-7,105
| -33% | -$61.3K |
|
2288
ADT
ADT
$5.58B
| $100K | ﹤0.01% |
16,591
-4,153
| -20% | -$26K |
|
|
MRSN
2289
DELISTED
Mersana Therapeutics
MRSN
| $99.8K | ﹤0.01% |
1,214
+196
| +19% | +$28.7K |
|
|
THRX
2290
DELISTED
Theseus Pharmaceuticals, Inc. Common Stock
THRX
| $99.6K | ﹤0.01% |
+10,679
| New | +$105K |
|
|
GOGL
2291
DELISTED
Golden Ocean Group
GOGL
| $98.7K | ﹤0.01% |
13,077
-103,400
| -89% | -$862K |
|
2292
Erasca
ERAS
$6.3B
| $97.7K | ﹤0.01% |
35,382
+8,946
| +34% | +$25.5K |
|
|
RTL
2293
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
| $97.4K | ﹤0.01% |
14,412
-28,795
| -67% | -$171K |
|
2294
Atea Pharmaceuticals
AVIR
$376M
| $96.6K | ﹤0.01% |
25,818
+3,626
| +16% | +$13.6K |
|
2295
Coeur Mining
CDE
$15.4B
| $96.4K | ﹤0.01% |
33,950
+2,209
| +7% | +$7.5K |
|
2296
Arbutus Biopharma
ABUS
$857M
| $95.9K | ﹤0.01% |
41,685
+2,603
| +7% | +$6.78K |
|
2297
Microvision
MVIS
$6.21M
| $95.6K | ﹤0.01% |
20,884
+2,431
| +13% | +$8.51K |
|
2298
Safe Bulkers
SB
$795M
| $95.6K | ﹤0.01% |
29,319
-14,873
| -34% | -$52.2K |
|
2299
Aurora
AUR
$12.6B
| $94.9K | ﹤0.01% |
+32,292
| New | +$54.1K |
|
2300
Lightwave Logic
LWLG
$995M
| $94.4K | ﹤0.01% |
13,540
+1,124
| +9% | +$6.53K |
|
Similar funds
Principal Financial Group's Q2 2023 Portfolio in Review
As of Q2 2023, Principal Financial Group held 2,561 positions worth $146B, up 4.6% from $140B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Principal Financial Group's Q2 2023 filing shows 98 new, 623 increased, 1,664 reduced and 142 closed positions. Its largest new stake was Crane Co: 418,475 shares worth $37.3M. The largest sale was Microsoft, an estimated $263M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Real Estate and Financials.
- Principal Financial Group's largest Q2 2023 buy was Crane Co: 418,475 shares worth $37.3M.
- Principal Financial Group added most to Brookfield in Q2 2023, an estimated $176M increase.
- Principal Financial Group's biggest Q2 2023 reduction was Microsoft, cutting an estimated $263M.
- Principal Financial Group fully exited iShares Broad USD Investment Grade Corporate Bond ETF in Q2 2023, selling an estimated $92.6M.
- Principal Financial Group's ten largest holdings make up 17% of its $146B portfolio in Q2 2023.
- Principal Financial Group opened 98 new positions and closed 142 in Q2 2023.
- Principal Financial Group's portfolio value rose 4.6% quarter-over-quarter to $146B.
Based on Principal Financial Group's 13F filing for Q2 2023, filed 7 Aug 2023.