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 |
Martin Marietta Materials
MLM
|
+$381M |
| 2 |
Apple
AAPL
|
+$352M |
| 3 |
Hilton Worldwide
HLT
|
+$309M |
| 4 |
WCN
Waste Connections
WCN
|
+$263M |
| 5 |
Veeva Systems
VEEV
|
+$250M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Tower
AMT
|
+$584M |
| 2 |
Agilent Technologies
A
|
+$258M |
| 3 |
Aon
AON
|
+$208M |
| 4 |
Healthcare Realty
HR
|
+$185M |
| 5 |
Moody's
MCO
|
+$184M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.81% |
| 2 | Financials | 15.97% |
| 3 | Real Estate | 13.93% |
| 4 | Consumer Discretionary | 11.16% |
| 5 | Industrials | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1401
Virtus Investment Partners
VRTS
$1.08B
| $7.74M | ﹤0.01% |
36,962
-909
| -2% | -$195K |
|
|
AMWD
1402
DELISTED
American Woodmark
AMWD
| $7.73M | ﹤0.01% |
82,758
-2,795
| -3% | -$252K |
|
|
FLG
1403
Flagstar Bank National Association
FLG
$5.96B
| $7.73M | ﹤0.01% |
688,576
-182,413
| -21% | -$1.94M |
|
1404
Helen of Troy
HELE
$689M
| $7.72M | ﹤0.01% |
124,834
+34,318
| +38% | +$2.03M |
|
1405
Stepan Co
SCL
$1.46B
| $7.71M | ﹤0.01% |
99,766
-5,639
| -5% | -$447K |
|
1406
Franklin Resources
BEN
$17.7B
| $7.68M | ﹤0.01% |
381,192
+32,490
| +9% | +$700K |
|
1407
Texas Capital Bancshares
TCBI
$4.35B
| $7.66M | ﹤0.01% |
107,238
-49,195
| -31% | -$3.22M |
|
1408
Andersons Inc
ANDE
$2.38B
| $7.6M | ﹤0.01% |
151,626
-12,772
| -8% | -$633K |
|
|
PCH
1409
DELISTED
PotlatchDeltic
PCH
| $7.53M | ﹤0.01% |
167,201
-99,438
| -37% | -$4.21M |
|
1410
Vanguard Morningstar Mid-Cap ETF
VO
$109B
| $7.53M | ﹤0.01% |
114,148
-120,736
| -51% | -$7.58M |
|
1411
Knowles
KN
$3.38B
| $7.52M | ﹤0.01% |
416,828
-25,717
| -6% | -$456K |
|
1412
Chefs' Warehouse
CHEF
$4.43B
| $7.48M | ﹤0.01% |
178,080
+2,218
| +1% | +$89.5K |
|
1413
TripAdvisor
TRIP
$1.63B
| $7.48M | ﹤0.01% |
516,081
-18,927
| -4% | -$293K |
|
|
GTY
1414
Getty Realty Corp
GTY
$2.08B
| $7.47M | ﹤0.01% |
234,981
-7,305
| -3% | -$224K |
|
1415
The Greenbrier Companies
GBX
$1.54B
| $7.47M | ﹤0.01% |
146,740
-6,779
| -4% | -$323K |
|
1416
Vanguard Intermediate-Term Bond ETF
BIV
$28.9B
| $7.46M | ﹤0.01% |
95,226
| – | – |
|
1417
Northwest Natural Holdings
NWN
$2.08B
| $7.44M | ﹤0.01% |
182,260
-5,314
| -3% | -$208K |
|
1418
Associated Banc-Corp
ASB
$5.95B
| $7.42M | ﹤0.01% |
344,672
-152,664
| -31% | -$3.31M |
|
1419
Apollo Global Management
APO
$74.8B
| $7.42M | ﹤0.01% |
59,411
-193,874
| -77% | -$22.4M |
|
1420
SiriusPoint
SPNT
$2.74B
| $7.4M | ﹤0.01% |
516,241
+7,320
| +1% | +$102K |
|
1421
Upbound Group
UPBD
$1.17B
| $7.39M | ﹤0.01% |
231,053
-9,302
| -4% | -$299K |
|
1422
Insperity
NSP
$1.95B
| $7.36M | ﹤0.01% |
83,607
-54,216
| -39% | -$5.02M |
|
|
CALY
1423
Callaway Golf Company
CALY
$3.44B
| $7.33M | ﹤0.01% |
667,223
-30,068
| -4% | -$378K |
|
1424
NETSCOUT
NTCT
$2.98B
| $7.31M | ﹤0.01% |
336,033
-16,030
| -5% | -$316K |
|
1425
CTS Corp
CTS
$1.91B
| $7.31M | ﹤0.01% |
151,014
-15,239
| -9% | -$740K |
|
Similar funds
Principal Financial Group's Q3 2024 Portfolio in Review
As of Q3 2024, Principal Financial Group held 2,450 positions worth $183B, up 8.8% from $168B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Principal Financial Group's Q3 2024 filing shows 89 new, 825 increased, 1,291 reduced and 228 closed positions. Its largest new stake was Lineage Inc: 2,208,682 shares worth $173M. The largest sale was American Tower, an estimated $584M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 21% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q3 2024 buy was Lineage Inc: 2,208,682 shares worth $173M.
- Principal Financial Group added most to Martin Marietta Materials in Q3 2024, an estimated $381M increase.
- Principal Financial Group's biggest Q3 2024 reduction was American Tower, cutting an estimated $584M.
- Principal Financial Group fully exited Cemex in Q3 2024, selling an estimated $128M.
- Principal Financial Group's ten largest holdings make up 19% of its $183B portfolio in Q3 2024.
- Principal Financial Group opened 89 new positions and closed 228 in Q3 2024.
- Principal Financial Group's portfolio value rose 8.8% quarter-over-quarter to $183B.
Based on Principal Financial Group's 13F filing for Q3 2024, filed 31 Oct 2024.