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 | |
|---|---|---|---|---|---|---|
1826
Summit Therapeutics
SMMT
$11B
| $1.27M | ﹤0.01% |
58,147
+22,014
| +61% | +$308K |
|
1827
VanEck Gold Miners ETF
GDX
$23.8B
| $1.27M | ﹤0.01% |
31,857
| – | – |
|
1828
IMAX
IMAX
$2.81B
| $1.26M | ﹤0.01% |
61,384
-2,434
| -4% | -$47.9K |
|
1829
Wheaton Precious Metals
WPM
$52.4B
| $1.21M | ﹤0.01% |
19,761
+196
| +1% | +$11.7K |
|
1830
Zoom
ZM
$29.9B
| $1.19M | ﹤0.01% |
17,105
-1,442
| -8% | -$90.1K |
|
|
SRDX
1831
DELISTED
Surmodics
SRDX
| $1.19M | ﹤0.01% |
+30,696
| New | +$1.24M |
|
|
BRY
1832
DELISTED
Berry Corp
BRY
| $1.18M | ﹤0.01% |
230,478
-41,094
| -15% | -$251K |
|
1833
Imperial Oil
IMO
$61.6B
| $1.17M | ﹤0.01% |
16,636
-906
| -5% | -$64.1K |
|
1834
Invesco Preferred ETF
PGX
$3.81B
| $1.17M | ﹤0.01% |
94,686
+81,764
| +633% | +$976K |
|
1835
West Fraser Timber
WFG
$5.48B
| $1.17M | ﹤0.01% |
11,974
+1,323
| +12% | +$113K |
|
1836
Guidewire Software
GWRE
$13.3B
| $1.16M | ﹤0.01% |
6,317
-461
| -7% | -$70K |
|
1837
Weave Communications
WEAV
$547M
| $1.15M | ﹤0.01% |
89,768
+52,210
| +139% | +$551K |
|
|
PLGO
1838
Pelagos Insurance Capital
PLGO
$2.14B
| $1.14M | ﹤0.01% |
+63,363
| New | +$1.12M |
|
1839
Live Oak Bancshares
LOB
$2.02B
| $1.13M | ﹤0.01% |
23,799
-2,272
| -9% | -$95K |
|
1840
Repay Holdings
RPAY
$343M
| $1.12M | ﹤0.01% |
+137,514
| New | +$1.21M |
|
1841
Southern Copper
SCCO
$163B
| $1.12M | ﹤0.01% |
10,295
+2,551
| +33% | +$251K |
|
1842
Invesco S&P 500 Equal Weight ETF
RSP
$99.5B
| $1.1M | ﹤0.01% |
6,133
| – | – |
|
1843
DHT Holdings
DHT
$2.92B
| $1.09M | ﹤0.01% |
98,565
+17,094
| +21% | +$189K |
|
1844
Empire State Realty Trust
ESRT
$852M
| $1.09M | ﹤0.01% |
98,013
+3,141
| +3% | +$32.8K |
|
|
DOCU
1845
DocuSign
DOCU
$11B
| $1.09M | ﹤0.01% |
17,488
-219
| -1% | -$12.3K |
|
1846
ActivePassive Intermediate Municipal Bond ETF
APMU
$244M
| $1.08M | ﹤0.01% |
+43,010
| New | +$1.07M |
|
1847
Toast
TOST
$19.6B
| $1.08M | ﹤0.01% |
38,133
-530
| -1% | -$13.4K |
|
1848
Bank of N.T. Butterfield & Son
NTB
$2.46B
| $1.07M | ﹤0.01% |
28,883
-63
| -0.2% | -$2.33K |
|
1849
MannKind Corp
MNKD
$1.22B
| $1.06M | ﹤0.01% |
168,518
+134,937
| +402% | +$775K |
|
1850
Vita Coco
COCO
$3.73B
| $1.06M | ﹤0.01% |
37,348
+116
| +0.3% | +$3.08K |
|
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.