Principal Global Investors Portfolio
Principal Global Investors 13F filer (CIK 0001126328).
Q3 2023 · 2382 positions · Total reported value $138.02B · Top-10 concentration 16.7%
Turnover: 45.8% · 96 new · 817 cut · 127 exited
In its Q3 2023 13F filing, Principal Global Investors disclosed 2382 equity positions with a combined reported value of $138.02B. The filing implies a diversified portfolio: its ten largest positions account for 16.7% of reported value. HoldingsHub classifies the profile as Mega / Diversified / High Turnover.
The largest disclosed positions as of Q3 2023 were MSFT ($4.94B), AAPL ($3.56B), AMZN ($2.51B). By sector, the heaviest allocations are Consumer Discretionary 20.0%, Technology 18.2%. Versus the prior quarter, allocation shifted toward Energy (+0.6pp) and away from Other (-0.9pp).
Versus the prior quarter, Principal Global Investors opened 96 new positions, trimmed 817 and fully exited 127, a turnover rate of 45.8% of positions. The portfolio's overlap with the prior quarter was 94% of names.
Figures come from the fund's SEC Form 13F filing. 13F reports are filed within 45 days of quarter end and cover long positions of $100,000 or more; they exclude short positions and non-13F asset classes, so treat this page as a quarter-end snapshot rather than the fund's live book.
Sector Allocation
| # | Symbol | Company | Shares | Value | Weight | Change |
|---|---|---|---|---|---|---|
| 1 | MSFT | MICROSOFT CORP | 15.65M | $4.94B | 3.58% | Reduce |
| 2 | AAPL | APPLE INC | 20.77M | $3.56B | 2.58% | Reduce |
| 3 | AMZN | AMAZON COM INC | 19.73M | $2.51B | 1.82% | Reduce |
| 4 | TDG | TRANSDIGM GROUP INC | 2.48M | $2.09B | 1.52% | Reduce |
| 5 | BN | BROOKFIELD CORP | 63.73M | $1.99B | 1.45% | Add |
| 6 | CPRT | COPART INC | 39.80M | $1.72B | 1.24% | Add |
| 7 | ORLY | OREILLY AUTOMOTIVE INC | 1.74M | $1.58B | 1.15% | Reduce |
| 8 | NVDA | NVIDIA CORPORATION | 3.63M | $1.58B | 1.14% | Reduce |
| 9 | CSGP | COSTAR GROUP INC | 19.81M | $1.52B | 1.10% | Add |
| 10 | GOOGL | ALPHABET INC | 11.60M | $1.52B | 1.10% | Hold |
| 11 | KKR | KKR & CO INC | 24.27M | $1.50B | 1.08% | Hold |
| 12 | GOOG | ALPHABET INC | 11.11M | $1.46B | 1.06% | Reduce |
| 13 | HLT | HILTON WORLDWIDE HLDGS INC | 9.58M | $1.44B | 1.04% | Hold |
| 14 | PLD | PROLOGIS INC. | 12.20M | $1.37B | 0.99% | Add |
| 15 | V | VISA INC | 5.50M | $1.26B | 0.92% | Reduce |
| 16 | ROP | ROPER TECHNOLOGIES INC | 2.53M | $1.22B | 0.89% | Add |
| 17 | HEIA | HEICO CORP NEW | 9.45M | $1.22B | 0.88% | Add |
| 18 | USMC | PRINCIPAL US MEGA-CAP ETF | 27.68M | $1.19B | 0.86% | Hold |
| 19 | MA | MASTERCARD INCORPORATED | 2.83M | $1.12B | 0.81% | Reduce |
| 20 | AMT | AMERICAN TOWER CORP | 6.63M | $1.09B | 0.79% | Reduce |
| 21 | WELL | WELLTOWER INC | 12.93M | $1.06B | 0.77% | Add |
| 22 | PGR | PROGRESSIVE CORP | 7.49M | $1.04B | 0.76% | Reduce |
| 23 | ADBE | ADOBE INC | 2.01M | $1.03B | 0.74% | Reduce |
| 24 | EQIX | EQUINIX INC | 1.40M | $1.02B | 0.74% | Add |
| 25 | META | META PLATFORMS INC. CLASS A | 3.27M | $980.83M | 0.71% | Hold |
| 26 | TSLA | TESLA INC | 3.61M | $904.38M | 0.66% | Add |
| 27 | JPM | JPMORGAN CHASE & CO | 6.15M | $892.41M | 0.65% | Reduce |
| 28 | VMC | VULCAN MATLS CO | 4.34M | $877.62M | 0.64% | Reduce |
| 29 | BRO | BROWN & BROWN INC | 12.03M | $840.30M | 0.61% | Hold |
| 30 | MKL | MARKEL GROUP INC | 569.35K | $838.37M | 0.61% | Hold |
| 31 | VTR | VENTAS INC | 19.69M | $829.62M | 0.60% | Add |
| 32 | AVB | AVALONBAY CMNTYS INC | 4.75M | $815.36M | 0.59% | Hold |
| 33 | UNH | UNITEDHEALTH GROUP INCORPORATED | 1.58M | $797.38M | 0.58% | Hold |
| 34 | COST | COSTCO WHOLESALE CORPORATION | 1.41M | $794.21M | 0.57% | Hold |
| 35 | EXR | EXTRA SPACE STORAGE INC | 6.51M | $790.98M | 0.57% | Add |
| 36 | BRKB | BERKSHIRE HATHAWAY INC DEL | 2.22M | $776.38M | 0.56% | Add |
| 37 | VICI | VICI PPTYS INC | 25.85M | $752.27M | 0.55% | Hold |
| 38 | DHR | DANAHER CORP DEL | 2.91M | $722.87M | 0.52% | Reduce |
| 39 | MCHP | MICROCHIP TECHNOLOGY INC. | 9.19M | $717.43M | 0.52% | Hold |
| 40 | INTU | INTUIT | 1.38M | $705.68M | 0.51% | Reduce |
| 41 | KMX | CARMAX INC | 9.89M | $699.37M | 0.51% | Reduce |
| 42 | DLR | DIGITAL RLTY TR INC | 5.73M | $693.65M | 0.50% | Hold |
| 43 | REXR | REXFORD INDL RLTY INC | 13.58M | $670.14M | 0.49% | Hold |
| 44 | LLY | ELI LILLY & CO | 1.25M | $669.97M | 0.48% | Add |
| 45 | INVH | INVITATION HOMES INC | 20.78M | $658.40M | 0.48% | Add |
| 46 | DPZ | DOMINOS PIZZA INC | 1.70M | $645.55M | 0.47% | Add |
| 47 | ARE | ALEXANDRIA REAL ESTATE EQ IN | 6.37M | $637.50M | 0.46% | Reduce |
| 48 | MCO | MOODYS CORP | 1.98M | $626.59M | 0.45% | Reduce |
| 49 | XOM | EXXON MOBIL CORP | 5.27M | $620.05M | 0.45% | Add |
| 50 | MRK | MERCK & CO INC | 5.89M | $606.55M | 0.44% | Hold |