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 |
PIEQ
Principal International Equity ETF
PIEQ
|
+$636M |
| 2 |
Entegris
ENTG
|
+$355M |
| 3 |
LPL Financial
LPLA
|
+$338M |
| 4 |
Air Products & Chemicals
APD
|
+$327M |
| 5 |
Simon Property Group
SPG
|
+$320M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuit
INTU
|
+$575M |
| 2 |
Autodesk
ADSK
|
+$415M |
| 3 |
Microchip Technology
MCHP
|
+$391M |
| 4 |
Terreno Realty
TRNO
|
+$202M |
| 5 |
NNN REIT
NNN
|
+$193M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.17% |
| 2 | Financials | 16.92% |
| 3 | Real Estate | 13.31% |
| 4 | Consumer Discretionary | 11.4% |
| 5 | Industrials | 10.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.85T
| $5.79B | 3.25% |
15,415,632
-183,720
| -1% | -$74.9M |
|
2
Apple
AAPL
$4.78T
| $4.74B | 2.66% |
21,347,671
-379,344
| -2% | -$87.9M |
|
3
NVIDIA
NVDA
$5.02T
| $3.8B | 2.13% |
35,046,753
-214,759
| -0.6% | -$27.2M |
|
4
Amazon
AMZN
$2.51T
| $3.74B | 2.1% |
19,675,178
-185,841
| -0.9% | -$40.3M |
|
5
TransDigm Group
TDG
$68.7B
| $2.91B | 1.63% |
2,101,076
-25,198
| -1% | -$33.6M |
|
6
Brookfield
BN
$101B
| $2.65B | 1.49% |
75,838,994
-2,589,987
| -3% | -$97.9M |
|
7
O'Reilly Automotive
ORLY
$71.6B
| $2.54B | 1.42% |
26,566,170
-328,365
| -1% | -$28.6M |
|
8
Hilton Worldwide
HLT
$73.3B
| $2.36B | 1.32% |
10,371,396
-19,739
| -0.2% | -$4.92M |
|
9
HEICO Corp Class A
HEI.A
$35B
| $2.25B | 1.26% |
10,648,052
+145,297
| +1% | +$28.2M |
|
10
Copart
CPRT
$25.5B
| $2.23B | 1.25% |
39,409,377
+1,249,687
| +3% | +$70.3M |
|
11
KKR & Co
KKR
$86.5B
| $2.12B | 1.19% |
18,379,707
-549,099
| -3% | -$75.5M |
|
12
Meta Platforms (Facebook)
META
$1.54T
| $1.89B | 1.06% |
3,272,854
-72,802
| -2% | -$47M |
|
13
Visa
V
$671B
| $1.84B | 1.03% |
5,249,087
-225,623
| -4% | -$76.3M |
|
14
Welltower
WELL
$176B
| $1.76B | 0.99% |
11,462,416
-446,223
| -4% | -$63.6M |
|
15
Alphabet (Google) Class A
GOOGL
$3.92T
| $1.75B | 0.98% |
11,284,491
-202,058
| -2% | -$36.6M |
|
16
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
$3.52B
| $1.71B | 0.96% |
30,081,870
-994,476
| -3% | -$59.7M |
|
17
Brown & Brown
BRO
$22.4B
| $1.61B | 0.9% |
12,940,046
+38,078
| +0.3% | +$4.25M |
|
|
18
Alphabet (Google) Class C
GOOG
$3.92T
| $1.59B | 0.89% |
10,189,354
-221,577
| -2% | -$40.6M |
|
19
Equinix
EQIX
$107B
| $1.55B | 0.87% |
1,902,214
-36,358
| -2% | -$32.7M |
|
20
Vulcan Materials
VMC
$35.9B
| $1.52B | 0.85% |
6,507,892
+445,691
| +7% | +$113M |
|
21
Broadcom
AVGO
$1.82T
| $1.51B | 0.85% |
9,024,141
+962,543
| +12% | +$204M |
|
22
CoStar Group
CSGP
$11.2B
| $1.51B | 0.85% |
19,007,873
-178,402
| -0.9% | -$13.6M |
|
23
Roper Technologies
ROP
$36B
| $1.49B | 0.84% |
2,530,179
-61,939
| -2% | -$34.8M |
|
24
Mastercard
MA
$470B
| $1.45B | 0.81% |
2,641,741
-159,861
| -6% | -$87M |
|
25
Progressive
PGR
$123B
| $1.4B | 0.78% |
4,938,546
-126,382
| -2% | -$33.1M |
|
Similar funds
Principal Financial Group's Q1 2025 Portfolio in Review
As of Q1 2025, Principal Financial Group held 2,246 positions worth $178B, down 2.8% from $183B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Principal Financial Group's Q1 2025 filing shows 38 new, 1,302 increased, 816 reduced and 75 closed positions. Its largest new stake was Atour Lifestyle Holdings: 2,409,952 shares worth $68.3M. The largest sale was Intuit, an estimated $575M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 20% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q1 2025 buy was Atour Lifestyle Holdings: 2,409,952 shares worth $68.3M.
- Principal Financial Group added most to Principal International Equity ETF in Q1 2025, an estimated $636M increase.
- Principal Financial Group's biggest Q1 2025 reduction was Intuit, cutting an estimated $575M.
- Principal Financial Group fully exited Retail Opportunity Investments Corp. in Q1 2025, selling an estimated $102M.
- Principal Financial Group's ten largest holdings make up 19% of its $178B portfolio in Q1 2025.
- Principal Financial Group opened 38 new positions and closed 75 in Q1 2025.
- Principal Financial Group's portfolio value fell 2.8% quarter-over-quarter to $178B.
Based on Principal Financial Group's 13F filing for Q1 2025, filed 28 Apr 2025.