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 | |
|---|---|---|---|---|---|---|
|
KLG
1551
DELISTED
WK Kellogg Co
KLG
| $5.36M | ﹤0.01% |
313,343
-15,223
| -5% | -$261K |
|
|
BBT
1552
Beacon Financial Corp
BBT
$2.68B
| $5.36M | ﹤0.01% |
198,981
-10,791
| -5% | -$282K |
|
1553
Hims & Hers Health
HIMS
$7.33B
| $5.35M | ﹤0.01% |
290,414
+146,621
| +102% | +$2.63M |
|
1554
Sweetgreen
SG
$725M
| $5.34M | ﹤0.01% |
150,513
-67,768
| -31% | -$2.06M |
|
1555
SOPHiA GENETICS
SOPH
$529M
| $5.29M | ﹤0.01% |
1,455,142
+86,764
| +6% | +$353K |
|
1556
Encore Capital Group
ECPG
$1.99B
| $5.28M | ﹤0.01% |
111,665
-5,152
| -4% | -$245K |
|
|
EFC
1557
Ellington Financial
EFC
$1.66B
| $5.28M | ﹤0.01% |
409,475
-9,774
| -2% | -$126K |
|
1558
Pitney Bowes
PBI
$2.51B
| $5.26M | ﹤0.01% |
737,715
-32,177
| -4% | -$217K |
|
1559
Vanguard Russell 1000 Value ETF
VONV
$21.1B
| $5.26M | ﹤0.01% |
63,119
| – | – |
|
1560
MaxLinear
MXL
$6.12B
| $5.24M | ﹤0.01% |
361,884
-14,049
| -4% | -$223K |
|
|
PENG
1561
Penguin Solutions Inc
PENG
$2.86B
| $5.22M | ﹤0.01% |
249,398
-8,491
| -3% | -$183K |
|
1562
National Beverage
FIZZ
$3.02B
| $5.2M | ﹤0.01% |
110,838
-5,398
| -5% | -$256K |
|
1563
Artivion
AORT
$1.27B
| $5.18M | ﹤0.01% |
194,630
-17,094
| -8% | -$444K |
|
1564
Monarch Casino & Resort
MCRI
$2.18B
| $5.15M | ﹤0.01% |
65,022
-3,566
| -5% | -$262K |
|
|
RCM
1565
DELISTED
R1 RCM Inc. Common Stock
RCM
| $5.12M | ﹤0.01% |
361,603
-294,789
| -45% | -$4M |
|
1566
Sprinklr
CXM
$1.57B
| $5.12M | ﹤0.01% |
662,499
-21,614
| -3% | -$190K |
|
1567
Dave & Buster's
PLAY
$364M
| $5.11M | ﹤0.01% |
149,993
-10,362
| -6% | -$353K |
|
1568
On Holding
ONON
$12.7B
| $5.1M | ﹤0.01% |
101,784
+49,995
| +97% | +$2.14M |
|
1569
Shutterstock
SSTK
$229M
| $5.09M | ﹤0.01% |
143,835
-6,270
| -4% | -$231K |
|
1570
Ichor Holdings
ICHR
$2.29B
| $5.06M | ﹤0.01% |
159,034
-6,376
| -4% | -$207K |
|
|
FBRT
1571
Franklin BSP Realty Trust
FBRT
$627M
| $5.04M | ﹤0.01% |
385,750
-52,628
| -12% | -$691K |
|
|
JWN
1572
DELISTED
Nordstrom
JWN
| $5.03M | ﹤0.01% |
223,659
-102,692
| -31% | -$2.28M |
|
1573
QuinStreet
QNST
$889M
| $5.01M | ﹤0.01% |
261,641
+639
| +0.2% | +$11.6K |
|
|
NXRT
1574
NexPoint Residential Trust
NXRT
$631M
| $4.98M | ﹤0.01% |
113,156
-9,219
| -8% | -$402K |
|
1575
Unitil
UTL
$963M
| $4.93M | ﹤0.01% |
81,392
+1,659
| +2% | +$96.8K |
|
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.