We study the principal parts bundles PkOℙn(d) as homogeneous bundles and we describe their associated quiver representations. With this technique we show that if n ≥ 2 and 0 ≤ d < k then there exists an invariant decomposition PkOℙn(d) = Qk,d ⊕ (SdV ⊗ Oℙn) with Qk,d a stable homogeneous vector bundle. The decomposition properties of such bundles were previously known only for n = 1 or k ≤ d or d < 0. Moreover we show that the Taylor truncation maps H0PkOℙn(d)→H0PhOℙn(d), defined for any h ≤ k and any d, have maximal rank