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 | |
|---|---|---|---|---|---|---|
1726
iShares Russell Mid-Cap Growth ETF
IWP
$19.8B
| $2.55M | ﹤0.01% |
23,100
-15,500
| -40% | -$1.7M |
|
|
AXNX
1727
DELISTED
Axonics, Inc. Common Stock
AXNX
| $2.54M | ﹤0.01% |
37,827
-1,620
| -4% | -$109K |
|
|
CCRN
1728
DELISTED
Cross Country Healthcare
CCRN
| $2.51M | ﹤0.01% |
181,701
-7,760
| -4% | -$123K |
|
1729
Skyward Specialty Insurance
SKWD
$2.43B
| $2.51M | ﹤0.01% |
69,493
+24,804
| +56% | +$900K |
|
1730
Mesa Laboratories
MLAB
$564M
| $2.5M | ﹤0.01% |
28,815
-904
| -3% | -$94.7K |
|
1731
Hanmi Financial
HAFC
$945M
| $2.49M | ﹤0.01% |
148,914
-7,961
| -5% | -$124K |
|
1732
Myers Industries
MYE
$1.29B
| $2.47M | ﹤0.01% |
184,732
-7,223
| -4% | -$132K |
|
1733
Usana Health Sciences
USNA
$408M
| $2.47M | ﹤0.01% |
54,540
-3,324
| -6% | -$153K |
|
1734
iShares MSCI Japan ETF
EWJ
$21.9B
| $2.46M | ﹤0.01% |
36,075
+9,661
| +37% | +$660K |
|
1735
Globant
GLOB
$1.58B
| $2.44M | ﹤0.01% |
13,712
-226
| -2% | -$39.8K |
|
1736
Toronto Dominion Bank
TD
$198B
| $2.41M | ﹤0.01% |
43,800
-2,400
| -5% | -$136K |
|
|
FOLD
1737
DELISTED
Amicus Therapeutics
FOLD
| $2.39M | ﹤0.01% |
240,813
+2,737
| +1% | +$28.1K |
|
|
SNCY
1738
DELISTED
Sun Country Airlines
SNCY
| $2.36M | ﹤0.01% |
187,868
-15,401
| -8% | -$190K |
|
|
ZEUS
1739
DELISTED
Olympic Steel
ZEUS
| $2.33M | ﹤0.01% |
51,998
-1,977
| -4% | -$113K |
|
|
CHUY
1740
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
| $2.33M | ﹤0.01% |
89,891
-4,727
| -5% | -$135K |
|
1741
HDFC Bank
HDB
$123B
| $2.31M | ﹤0.01% |
71,812
-122,318
| -63% | -$3.58M |
|
1742
Hertz
HTZ
$499M
| $2.29M | ﹤0.01% |
647,794
+154,238
| +31% | +$784K |
|
1743
GeoPark
GPRK
$633M
| $2.26M | ﹤0.01% |
+206,519
| New | +$2.07M |
|
1744
CEVA Inc
CEVA
$910M
| $2.26M | ﹤0.01% |
117,057
-5,611
| -5% | -$114K |
|
1745
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.4B
| $2.25M | ﹤0.01% |
+75,848
| New | +$2.25M |
|
1746
United Fire Group
UFCS
$1.32B
| $2.25M | ﹤0.01% |
104,739
-5,445
| -5% | -$120K |
|
1747
Victory Capital Holdings
VCTR
$6.19B
| $2.24M | ﹤0.01% |
46,904
+7,281
| +18% | +$356K |
|
1748
Ternium
TX
$9.67B
| $2.22M | ﹤0.01% |
59,229
+2,437
| +4% | +$101K |
|
|
EHAB
1749
DELISTED
Enhabit
EHAB
| $2.21M | ﹤0.01% |
247,548
-12,776
| -5% | -$122K |
|
1750
Liquidity Services
LQDT
$1.22B
| $2.21M | ﹤0.01% |
110,481
-6,309
| -5% | -$118K |
|
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.