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 | |
|---|---|---|---|---|---|---|
1476
Arlo Technologies
ARLO
$1.63B
| $6.32M | ﹤0.01% |
484,623
-7,660
| -2% | -$95.3K |
|
1477
Royal Bank of Canada
RY
$292B
| $6.29M | ﹤0.01% |
59,100
-3,100
| -5% | -$319K |
|
|
JBGS
1478
JBG SMITH
JBGS
$829M
| $6.29M | ﹤0.01% |
413,042
-39,850
| -9% | -$590K |
|
1479
Buckle
BKE
$2.37B
| $6.29M | ﹤0.01% |
170,203
-911
| -0.5% | -$34.1K |
|
|
DEA
1480
Easterly Government Properties
DEA
$1.17B
| $6.28M | ﹤0.01% |
202,994
+5,253
| +3% | +$155K |
|
|
RC
1481
Ready Capital
RC
$276M
| $6.27M | ﹤0.01% |
766,991
-55,418
| -7% | -$472K |
|
|
BPMC
1482
DELISTED
Blueprint Medicines
BPMC
| $6.27M | ﹤0.01% |
58,191
-4,479
| -7% | -$448K |
|
1483
SOPHiA GENETICS
SOPH
$477M
| $6.27M | ﹤0.01% |
1,368,378
+361,201
| +36% | +$1.76M |
|
1484
SiriusPoint
SPNT
$2.75B
| $6.21M | ﹤0.01% |
508,921
-5,612
| -1% | -$70K |
|
|
ODP
1485
DELISTED
ODP
ODP
| $6.2M | ﹤0.01% |
157,948
-14,600
| -8% | -$650K |
|
1486
Bio-Rad Laboratories Class A
BIO
$8.96B
| $6.19M | ﹤0.01% |
22,672
-4,383
| -16% | -$1.27M |
|
1487
LPL Financial
LPLA
$28.8B
| $6.14M | ﹤0.01% |
21,974
+7,112
| +48% | +$1.93M |
|
1488
Universal Corp
UVV
$1.3B
| $6.13M | ﹤0.01% |
127,181
-5,587
| -4% | -$279K |
|
1489
Scansource
SCSC
$1.16B
| $6.09M | ﹤0.01% |
137,466
-6,702
| -5% | -$300K |
|
|
ALEX
1490
DELISTED
Alexander & Baldwin
ALEX
| $6.07M | ﹤0.01% |
358,099
-18,518
| -5% | -$304K |
|
1491
G-III Apparel Group
GIII
$1.54B
| $6.07M | ﹤0.01% |
224,265
-10,549
| -4% | -$296K |
|
1492
Twist Bioscience
TWST
$6.29B
| $6.06M | ﹤0.01% |
122,911
+83,287
| +210% | +$3.4M |
|
|
HIBB
1493
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $6M | ﹤0.01% |
68,798
-786
| -1% | -$65.1K |
|
1494
Vertex
VERX
$2.17B
| $5.99M | ﹤0.01% |
166,262
-127,498
| -43% | -$4.1M |
|
1495
Cars.com
CARS
$676M
| $5.98M | ﹤0.01% |
303,737
-17,935
| -6% | -$327K |
|
1496
National Beverage
FIZZ
$2.95B
| $5.96M | ﹤0.01% |
116,236
-5,498
| -5% | -$257K |
|
|
VRE
1497
DELISTED
Veris Residential
VRE
| $5.95M | ﹤0.01% |
396,901
-19,263
| -5% | -$288K |
|
|
SLCA
1498
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $5.95M | ﹤0.01% |
385,201
-15,275
| -4% | -$225K |
|
|
NVEE
1499
DELISTED
NV5 Global
NVEE
| $5.95M | ﹤0.01% |
255,796
-9,820
| -4% | -$229K |
|
|
AAT
1500
American Assets Trust
AAT
$1.47B
| $5.93M | ﹤0.01% |
264,932
-9,557
| -3% | -$206K |
|
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.