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 | |
|---|---|---|---|---|---|---|
1026
SLM Corp
SLM
$5.06B
| $15.2M | 0.01% |
731,544
-99,755
| -12% | -$2.1M |
|
1027
UDR
UDR
$12.4B
| $15.2M | 0.01% |
369,170
+6,253
| +2% | +$241K |
|
1028
SITE Centers
SITC
$175M
| $15.1M | 0.01% |
1,338,587
-28,839
| -2% | -$317K |
|
1029
Jabil
JBL
$32.9B
| $15.1M | 0.01% |
138,831
-18,019
| -11% | -$2.18M |
|
1030
NMI Holdings
NMIH
$3.36B
| $15.1M | 0.01% |
442,865
-17,293
| -4% | -$556K |
|
1031
Enpro
NPO
$6.8B
| $15.1M | 0.01% |
103,440
-5,103
| -5% | -$773K |
|
|
JBTM
1032
JBT Marel
JBTM
$7.42B
| $15M | 0.01% |
158,334
-8,846
| -5% | -$835K |
|
1033
Incyte
INCY
$24.4B
| $15M | 0.01% |
247,888
-5,464
| -2% | -$309K |
|
1034
Euronet Worldwide
EEFT
$2.78B
| $15M | 0.01% |
145,084
-20,395
| -12% | -$2.23M |
|
1035
Terex
TEX
$7.38B
| $15M | 0.01% |
273,603
-22,406
| -8% | -$1.33M |
|
1036
Home BancShares
HOMB
$6.29B
| $15M | 0.01% |
625,002
-86,602
| -12% | -$2.06M |
|
|
UCB
1037
United Community Banks
UCB
$4.28B
| $15M | 0.01% |
587,744
-29,561
| -5% | -$754K |
|
|
CNR
1038
Core Natural Resources Inc
CNR
$4.01B
| $15M | 0.01% |
146,599
-5,479
| -4% | -$498K |
|
1039
iShares Core US Aggregate Bond ETF
AGG
$137B
| $15M | 0.01% |
154,034
-13,499
| -8% | -$1.3M |
|
1040
Travel + Leisure Co
TNL
$4.82B
| $14.9M | 0.01% |
331,868
-36,456
| -10% | -$1.64M |
|
1041
Blackstone Mortgage Trust
BXMT
$2.45B
| $14.9M | 0.01% |
856,258
-38,239
| -4% | -$690K |
|
1042
Applovin
APP
$136B
| $14.9M | 0.01% |
179,114
+161,107
| +895% | +$12.5M |
|
1043
Plexus
PLXS
$6.77B
| $14.9M | 0.01% |
144,441
-6,749
| -4% | -$695K |
|
1044
Immunocore
IMCR
$1.68B
| $14.8M | 0.01% |
437,112
-80,092
| -15% | -$4.08M |
|
1045
MGE Energy Inc
MGEE
$3.03B
| $14.8M | 0.01% |
197,991
-6,075
| -3% | -$474K |
|
1046
CNX Resources
CNX
$5.29B
| $14.8M | 0.01% |
608,468
-51,029
| -8% | -$1.25M |
|
1047
Immunovant
IMVT
$7.88B
| $14.8M | 0.01% |
559,688
-23,033
| -4% | -$655K |
|
1048
Tradeweb Markets
TW
$21.2B
| $14.7M | 0.01% |
139,031
-18,440
| -12% | -$1.95M |
|
1049
United Bankshares
UBSI
$6.7B
| $14.7M | 0.01% |
452,062
-58,506
| -11% | -$1.93M |
|
1050
Bank OZK
OZK
$5.66B
| $14.6M | 0.01% |
356,293
-1,615,272
| -82% | -$70.3M |
|
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.