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 |
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
|
+$420M |
| 2 |
Meta Platforms (Facebook)
META
|
+$299M |
| 3 |
LPL Financial
LPLA
|
+$196M |
| 4 |
Vulcan Materials
VMC
|
+$181M |
| 5 |
Healthpeak Properties
DOC
|
+$178M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$811M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$586M |
| 3 |
Progressive
PGR
|
+$395M |
| 4 |
Netflix
NFLX
|
+$355M |
| 5 |
CarMax
KMX
|
+$270M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.35% |
| 2 | Financials | 16.54% |
| 3 | Real Estate | 12.06% |
| 4 | Consumer Discretionary | 11.39% |
| 5 | Industrials | 10.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
REVG
2301
DELISTED
REV Group
REVG
| – | – |
-58,809
| Closed | -$1.86M |
|
2302
RxSight
RXST
$260M
| – | – |
-40,486
| Closed | -$1.02M |
|
2303
Safe Bulkers
SB
$774M
| – | – |
-73,107
| Closed | -$270K |
|
2304
Schwab US Dividend Equity ETF
SCHD
$106B
| – | – |
-13,723
| Closed | -$384K |
|
2305
Seadrill
SDRL
$2.7B
| – | – |
-47,666
| Closed | -$1.19M |
|
2306
SES AI
SES
$208M
| – | – |
-10,015
| Closed | -$5.21K |
|
2307
Sweetgreen
SG
$642M
| – | – |
-8,128
| Closed | -$203K |
|
2308
SiriusXM
SIRI
$10.1B
| – | – |
-10,882
| Closed | -$245K |
|
2309
Solid Power
SLDP
$532M
| – | – |
-10,590
| Closed | -$11.1K |
|
2310
Summit Therapeutics
SMMT
$11.1B
| – | – |
-246,429
| Closed | -$4.75M |
|
2311
SmartRent
SMRT
$272M
| – | – |
-12,069
| Closed | -$14.6K |
|
|
SPR
2312
DELISTED
Spirit AeroSystems
SPR
| – | – |
-6,376
| Closed | -$220K |
|
2313
1st Source
SRCE
$2.12B
| – | – |
-12,526
| Closed | -$749K |
|
|
SRDX
2314
DELISTED
Surmodics
SRDX
| – | – |
-36,699
| Closed | -$1.12M |
|
2315
Stem
STEM
$52.7M
| – | – |
-551
| Closed | -$3.86K |
|
2316
Stagwell
STGW
$2.24B
| – | – |
-36,231
| Closed | -$219K |
|
2317
Trip.com Group
TCOM
$29.1B
| – | – |
-257,077
| Closed | -$16.3M |
|
2318
Teekay
TK
$985M
| – | – |
-31,153
| Closed | -$205K |
|
2319
TriNet
TNET
$3.14B
| – | – |
-2,557
| Closed | -$203K |
|
2320
Transcat
TRNS
$871M
| – | – |
-5,054
| Closed | -$376K |
|
2321
TETRA Technologies
TTI
$1.26B
| – | – |
-10,019
| Closed | -$33.7K |
|
|
UMH
2322
UMH Properties
UMH
$1.36B
| – | – |
-38,816
| Closed | -$726K |
|
|
URG
2323
Ur-Energy
URG
$556M
| – | – |
-26,765
| Closed | -$18K |
|
2324
Virco
VIRC
$96.3M
| – | – |
-15,929
| Closed | -$151K |
|
2325
Vanguard Morningstar Growth ETF
VUG
$230B
| – | – |
-9,150
| Closed | -$566K |
|
Similar funds
Principal Financial Group's Q2 2025 Portfolio in Review
As of Q2 2025, Principal Financial Group held 2,339 positions worth $189B, up 6.2% from $178B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Principal Financial Group's Q2 2025 filing shows 168 new, 694 increased, 1,347 reduced and 115 closed positions. Its largest new stake was State Street SPDR Portfolio High Yield Bond ETF: 2,146,080 shares worth $51.1M. The largest sale was iShares Core S&P 500 ETF, an estimated $811M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 18% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q2 2025 buy was State Street SPDR Portfolio High Yield Bond ETF: 2,146,080 shares worth $51.1M.
- Principal Financial Group added most to Principal Exchange-Traded Funds Principal US Mega-Cap ETF in Q2 2025, an estimated $420M increase.
- Principal Financial Group's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $811M.
- Principal Financial Group fully exited Discover Financial Services in Q2 2025, selling an estimated $53.1M.
- Principal Financial Group's ten largest holdings make up 21% of its $189B portfolio in Q2 2025.
- Principal Financial Group opened 168 new positions and closed 115 in Q2 2025.
- Principal Financial Group's portfolio value rose 6.2% quarter-over-quarter to $189B.
Based on Principal Financial Group's 13F filing for Q2 2025, filed 8 Aug 2025.