PRINCIPAL FINANCIAL GROUP INC
Q4 2023 Form 13-F

DES MOINES, IOWA
CIK 0001126328 · Publicly traded company
Consolidated report · includes 5 managers since Q2 2013
$156.8B Reported Value Total
Reported value
$156.8B
Quarter over quarter
+12.7%
Holdings
2,418
Top-10 concentration
17.1%

Reports holdings for

  • ALPS ADVISORS INC · File #028-12230 · Q1 2024 – Q1 2026 · declared by one filing
  • Pacific Life Fund Advisors LLC · File #028-14003 · Q1 2024 – Q1 2026 · declared by one filing
  • Harrison Street Private Wealth LLC · File #028-19134 · Q1 2024 – Q1 2026 · declared by one filing
  • Knights of Columbus Asset Advisors LLC · File #028-17560 · Q1 2024 – Q1 2026 · declared by one filing
  • Principal Global Investors, LLC (not a 13F filer in our records) · File #028-1549 · Q2 2013 – Q1 2022 · declared by one filing
  • Principal Life Insurance Co (not a 13F filer in our records) · File #028-793 · Q2 2013 – Q1 2022 · declared by one filing
  • Delaware Charter Guarantee & Trust Company (not a 13F filer in our records) · Q1 2022 – Q1 2022 · declared by one filing
  • Principal Management Corporation (not a 13F filer in our records) · File #028-07402 · Q2 2013 – Q1 2017

Holdings reported by

Key People

Directors & officers from Form 4 filings
Houston Daniel Joseph
Executive Chairman
Agrawal Vivek
EVP & Chief Growth Officer
Bhatia Kamal
President and CEO - PAM
Brown Timothy W.
EVP, General Counsel and Sec
Cheong Wee Yee
President - Asia & Middle East
Friedrich Amy Christine
President - Benefits & Protect

Description and Activity

Principal operates in the financial services industry, offering a range of products and services including retirement solutions, insurance, and asset management. The company generates revenue through fees and premiums from these financial products and services. Principal's primary client base consists of individual consumers, businesses, and institutional clients seeking financial planning, investment, and insurance solutions.

The company's operational structure includes various divisions and subsidiaries that focus on different aspects of financial services, such as retirement and income solutions, global asset management, and insurance solutions. Key factors impacting Principal's business performance include economic and market conditions, competitive pressures, and regulatory changes. These elements influence demand for its products and services, as well as overall financial results, including revenues and net income.

Company description summarized from 10-K filing.

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Q4 2023 13F record

Q4 2023 13F filing summary

Q4 2023 Form 13F portfolio summary
Period of report December 31, 2023
Filed February 07, 2024
Form 13F-HR
Reported value $156.8B
Positions 2,418
Change in reported value +12.7%
New positions 57
Exited positions 75
Position turnover 5.3%
Top-10 concentration 17.1%

13F filings by quarter

Form 13F filings by quarter
Quarter Positions Value
Q2 2026 13F
Filed Aug 4, 2026
2,154 $203.6B
Q1 2026 13F
Filed May 4, 2026
2,177 $187.2B
Q4 2025 13F
Filed Feb 2, 2026
2,180 $195.9B
Q3 2025 13F
Filed Nov 4, 2025
2,246 $198.3B
Q2 2025 13F
Filed Aug 8, 2025
2,224 $189.2B
Q1 2025 13F
Filed Apr 28, 2025
2,171 $178.2B
Q4 2024 13F
Filed Jan 31, 2025
2,208 $183.4B
Q3 2024 13F
Filed Oct 31, 2024
2,222 $183.2B
Q2 2024 13F
Filed Jul 29, 2024
2,361 $168.4B
Q1 2024 13F
Filed Apr 29, 2024
2,427 $170.1B
Q4 2023 13F
Filed Feb 7, 2024
2,418 $156.8B
Q3 2023 13F
Filed Nov 2, 2023
2,436 $139.2B
Q2 2023 13F
Filed Aug 7, 2023
2,417 $146.3B
Q1 2023 13F
Filed May 9, 2023
2,463 $139.9B
Q4 2022 13F
Filed Feb 9, 2023
2,437 $132.8B
Q3 2022 13F
Filed Nov 9, 2022
2,492 $125.8B
Q2 2022 13F
Filed Aug 10, 2022
2,507 $135.2B
Q1 2022 13F
Filed May 9, 2022
2,539 $158.6B
Q4 2021 13F
Filed Feb 9, 2022
2,523 $167.5B
Q3 2021 13F
Filed Nov 9, 2021
2,574 $153.3B

33 earlier quarters on file — choose one from the quarter menu above.

Top 20 holdings · Q4 2023

Largest Q4 2023 13F positions by reported value
# Holding Reported value % of portfolio
1 MSFT MICROSOFT CORP $5.8B 3.72%
2 AAPL APPLE INC $4.0B 2.53%
3 AMZN AMAZON COM INC $3.0B 1.9%
4 BN BROOKFIELD CORP $2.5B 1.62%
5 TDG TRANSDIGM GROUP INC $2.4B 1.53%
6 KKR KKR & CO INC $2.0B 1.27%
7 CPRT COPART INC $1.9B 1.19%
8 NVDA NVIDIA CORPORATION $1.8B 1.14%
9 USMC PRINCIPAL EXCHANGE TRADED FD $1.8B 1.12%
10 CSGP COSTAR GROUP INC $1.7B 1.1%
11 HLT HILTON WORLDWIDE HLDGS INC $1.7B 1.08%
12 PLD PROLOGIS INC. $1.6B 1.05%
13 ORLY OREILLY AUTOMOTIVE INC $1.6B 1.04%
14 GOOG ALPHABET INC $1.6B 1.01%
15 GOOGL ALPHABET INC $1.6B 1.0%
16 HEIA HEICO CORP NEW $1.5B 0.93%
17 V VISA INC $1.4B 0.89%
18 AMT AMERICAN TOWER CORP NEW $1.4B 0.89%
19 ROP ROPER TECHNOLOGIES INC $1.4B 0.88%
20 MA MASTERCARD INCORPORATED $1.2B 0.77%

Values as reported on the Q4 2023 Form 13F. Every position is in the holdings table below.

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