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 |
Equinix
EQIX
|
+$334M |
| 2 |
Welltower
WELL
|
+$214M |
| 3 |
Brookfield
BN
|
+$175M |
| 4 |
Extra Space Storage
EXR
|
+$158M |
| 5 |
MSCI
MSCI
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BKI
Black Knight, Inc. Common Stock
BKI
|
+$373M |
| 2 |
Dollar General
DG
|
+$238M |
| 3 |
Moody's
MCO
|
+$192M |
| 4 |
CubeSmart
CUBE
|
+$184M |
| 5 |
Equity Lifestyle Properties
ELS
|
+$166M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.93% |
| 2 | Financials | 15.34% |
| 3 | Real Estate | 15.22% |
| 4 | Consumer Discretionary | 11.31% |
| 5 | Industrials | 11.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2301
Conduent
CNDT
$276M
| $88.6K | ﹤0.01% |
25,470
+7,174
| +39% | +$23.9K |
|
|
INFN
2302
DELISTED
Infinera Corporation Common Stock
INFN
| $88K | ﹤0.01% |
21,054
-2,501
| -11% | -$10.8K |
|
2303
Clear Channel Outdoor Holdings
CCO
$1.24B
| $87.1K | ﹤0.01% |
55,130
+15,511
| +39% | +$23.5K |
|
2304
Lufax Holding
LU
$1.33B
| $86.6K | ﹤0.01% |
20,423
+1,362
| +7% | +$7.54K |
|
2305
TETRA Technologies
TTI
$1.28B
| $84.3K | ﹤0.01% |
13,221
-1,576
| -11% | -$8.11K |
|
2306
Cerus
CERS
$441M
| $83.4K | ﹤0.01% |
51,496
-2,883
| -5% | -$5.99K |
|
2307
Fulcrum Therapeutics
FULC
$290M
| $83.2K | ﹤0.01% |
18,749
+1,687
| +10% | +$7.37K |
|
|
YMAB
2308
DELISTED
Y-mAbs Therapeutics
YMAB
| $82.9K | ﹤0.01% |
15,219
+1,497
| +11% | +$8.72K |
|
2309
Hims & Hers Health
HIMS
$7.44B
| $81.1K | ﹤0.01% |
12,896
-1,534
| -11% | -$11.4K |
|
|
MTTR
2310
DELISTED
Matterport, Inc. Class A Common Stock
MTTR
| $80.4K | ﹤0.01% |
37,071
+10,427
| +39% | +$29.2K |
|
2311
Xeris Biopharma Holdings
XERS
$1.41B
| $80.2K | ﹤0.01% |
43,124
-2,166
| -5% | -$4.96K |
|
2312
Arcutis Biotherapeutics
ARQT
$3.26B
| $80.1K | ﹤0.01% |
15,084
+148
| +1% | +$1.26K |
|
2313
Erasca
ERAS
$6.38B
| $79.5K | ﹤0.01% |
40,376
+4,994
| +14% | +$12.8K |
|
2314
Quantum-Si Incorporated
QSI
$167M
| $79.3K | ﹤0.01% |
47,760
+6,064
| +15% | +$14.6K |
|
|
RDFN
2315
DELISTED
Redfin
RDFN
| $79K | ﹤0.01% |
11,220
-1,336
| -11% | -$14.7K |
|
|
NPKI
2316
NPK International
NPKI
$1.16B
| $77.8K | ﹤0.01% |
+11,260
| New | +$64.5K |
|
|
VMEO
2317
DELISTED
Vimeo
VMEO
| $77.7K | ﹤0.01% |
21,939
+5,534
| +34% | +$21.9K |
|
2318
FuelCell Energy
FCEL
$1.8B
| $77.5K | ﹤0.01% |
2,017
+567
| +39% | +$29.6K |
|
2319
Sutro Biopharma
STRO
$425M
| $76.9K | ﹤0.01% |
2,215
+317
| +17% | +$13.8K |
|
|
OLO
2320
DELISTED
Olo Inc
OLO
| $74.2K | ﹤0.01% |
12,239
+548
| +5% | +$3.58K |
|
2321
1-800-Flowers.com
FLWS
$265M
| $72.9K | ﹤0.01% |
+10,412
| New | +$78.2K |
|
|
LICY
2322
DELISTED
Li-Cycle Holdings Corp.
LICY
| $72.5K | ﹤0.01% |
2,551
+719
| +39% | +$28.8K |
|
2323
Yext
YEXT
$572M
| $71.5K | ﹤0.01% |
11,294
-1,345
| -11% | -$11.5K |
|
2324
SmartRent
SMRT
$202M
| $71.1K | ﹤0.01% |
27,239
+7,670
| +39% | +$26.1K |
|
|
TRTX
2325
TPG RE Finance Trust
TRTX
$614M
| $69.9K | ﹤0.01% |
+10,381
| New | +$75.2K |
|
Similar funds
Principal Financial Group's Q3 2023 Portfolio in Review
As of Q3 2023, Principal Financial Group held 2,502 positions worth $139B, down 4.9% from $146B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Principal Financial Group's Q3 2023 filing shows 85 new, 937 increased, 1,382 reduced and 66 closed positions. Its largest new stake was TKO Group: 1,062,731 shares worth $89.3M. The largest sale was Black Knight, Inc. Common Stock, an estimated $373M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 18% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q3 2023 buy was TKO Group: 1,062,731 shares worth $89.3M.
- Principal Financial Group added most to Equinix in Q3 2023, an estimated $334M increase.
- Principal Financial Group's biggest Q3 2023 reduction was Dollar General, cutting an estimated $238M.
- Principal Financial Group fully exited Black Knight, Inc. Common Stock in Q3 2023, selling an estimated $373M.
- Principal Financial Group's ten largest holdings make up 17% of its $139B portfolio in Q3 2023.
- Principal Financial Group opened 85 new positions and closed 66 in Q3 2023.
- Principal Financial Group's portfolio value fell 4.9% quarter-over-quarter to $139B.
Based on Principal Financial Group's 13F filing for Q3 2023, filed 2 Nov 2023.