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 |
Equity Residential
EQR
|
+$386M |
| 2 |
Cadence Design Systems
CDNS
|
+$332M |
| 3 |
MSCI
MSCI
|
+$309M |
| 4 |
Equinix
EQIX
|
+$181M |
| 5 |
Veeva Systems
VEEV
|
+$166M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Union Pacific
UNP
|
+$417M |
| 2 |
TransDigm Group
TDG
|
+$265M |
| 3 |
AIRC
Apartment Income REIT Corp.
AIRC
|
+$238M |
| 4 |
Essex Property Trust
ESS
|
+$193M |
| 5 |
Progressive
PGR
|
+$182M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.74% |
| 2 | Financials | 15.31% |
| 3 | Real Estate | 13.85% |
| 4 | Consumer Discretionary | 11.12% |
| 5 | Industrials | 10.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
551
Essential Utilities
WTRG
$11.3B
| $38M | 0.02% |
1,017,853
-102,213
| -9% | -$3.79M |
|
552
Biogen
BIIB
$30B
| $37.9M | 0.02% |
163,361
-3,241
| -2% | -$704K |
|
553
Clean Harbors
CLH
$16.5B
| $37.8M | 0.02% |
167,140
-22,357
| -12% | -$4.69M |
|
554
DoubleVerify
DV
$1.73B
| $37.8M | 0.02% |
1,940,560
-62,712
| -3% | -$1.51M |
|
555
DuPont de Nemours
DD
$18.5B
| $37.8M | 0.02% |
373,851
-20,423
| -5% | -$2M |
|
556
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| $37.7M | 0.02% |
69,323
-821
| -1% | -$430K |
|
557
Dynatrace
DT
$12.9B
| $37.6M | 0.02% |
840,296
-104,006
| -11% | -$4.79M |
|
558
AppFolio
APPF
$6.38B
| $37.5M | 0.02% |
153,134
+1,488
| +1% | +$347K |
|
|
DFS
559
DELISTED
Discover Financial Services
DFS
| $37.3M | 0.02% |
285,512
-478,551
| -63% | -$59.7M |
|
560
Evercore
EVR
$12.4B
| $37.3M | 0.02% |
179,180
+48,640
| +37% | +$9.46M |
|
561
Duolingo
DUOL
$6.28B
| $37.3M | 0.02% |
178,819
+120,139
| +205% | +$24.6M |
|
562
BWX Technologies
BWXT
$15.5B
| $37.1M | 0.02% |
390,125
-11,301
| -3% | -$1.05M |
|
563
ON Semiconductor
ON
$31.8B
| $37M | 0.02% |
539,364
+4,728
| +0.9% | +$332K |
|
564
CACI
CACI
$11B
| $36.6M | 0.02% |
85,047
+1,115
| +1% | +$455K |
|
565
The Ensign Group
ENSG
$10.4B
| $36.5M | 0.02% |
294,792
-10,379
| -3% | -$1.24M |
|
566
Advanced Drainage Systems
WMS
$10.6B
| $36.4M | 0.02% |
227,090
-31,159
| -12% | -$5.21M |
|
567
SPS Commerce
SPSC
$2.64B
| $36.2M | 0.02% |
192,584
-5,843
| -3% | -$1.07M |
|
568
NetApp
NTAP
$35B
| $36.2M | 0.02% |
281,196
-523
| -0.2% | -$58.7K |
|
569
Meritage Homes
MTH
$4.58B
| $36.2M | 0.02% |
447,368
-63,782
| -12% | -$5.37M |
|
570
Ally Financial
ALLY
$13.2B
| $36.2M | 0.02% |
911,590
-110,806
| -11% | -$4.32M |
|
571
Boston Properties
BXP
$11.2B
| $36.2M | 0.02% |
587,302
+88,569
| +18% | +$5.41M |
|
|
AL
572
DELISTED
Air Lease Corp
AL
| $36.1M | 0.02% |
760,160
+227,274
| +43% | +$11M |
|
|
EXE
573
Expand Energy Corp
EXE
$21.8B
| $35.8M | 0.02% |
436,015
-32,118
| -7% | -$2.84M |
|
574
Huron Consulting
HURN
$2.41B
| $35.7M | 0.02% |
362,878
-9,375
| -3% | -$862K |
|
575
Universal Display
OLED
$3.68B
| $35.7M | 0.02% |
169,969
+5,284
| +3% | +$929K |
|
Similar funds
Principal Financial Group's Q2 2024 Portfolio in Review
As of Q2 2024, Principal Financial Group held 2,513 positions worth $168B, down 1% from $170B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Principal Financial Group's Q2 2024 filing shows 86 new, 585 increased, 1,673 reduced and 152 closed positions. Its largest new stake was GE Vernova: 564,961 shares worth $96.9M. The largest sale was Union Pacific, an estimated $417M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 19% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q2 2024 buy was GE Vernova: 564,961 shares worth $96.9M.
- Principal Financial Group added most to Equity Residential in Q2 2024, an estimated $386M increase.
- Principal Financial Group's biggest Q2 2024 reduction was Union Pacific, cutting an estimated $417M.
- Principal Financial Group fully exited Apartment Income REIT Corp. in Q2 2024, selling an estimated $238M.
- Principal Financial Group's ten largest holdings make up 19% of its $168B portfolio in Q2 2024.
- Principal Financial Group opened 86 new positions and closed 152 in Q2 2024.
- Principal Financial Group's portfolio value fell 1% quarter-over-quarter to $168B.
Based on Principal Financial Group's 13F filing for Q2 2024, filed 29 Jul 2024.