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 | |
|---|---|---|---|---|---|---|
1876
Rush Street Interactive
RSI
$2.92B
| $843K | ﹤0.01% |
77,658
+67,388
| +656% | +$651K |
|
1877
Blue Owl Capital
OWL
$7.82B
| $836K | ﹤0.01% |
43,157
-363,675
| -89% | -$6.49M |
|
1878
Enterprise Financial Services Corp
EFSC
$2.44B
| $827K | ﹤0.01% |
16,124
-3,268
| -17% | -$161K |
|
1879
Arhaus
ARHS
$1.17B
| $814K | ﹤0.01% |
+66,089
| New | +$893K |
|
1880
Delcath Systems
DCTH
$454M
| $808K | ﹤0.01% |
+89,447
| New | +$777K |
|
1881
AvePoint
AVPT
$2.86B
| $799K | ﹤0.01% |
67,862
-18,862
| -22% | -$207K |
|
1882
BCE
BCE
$20.5B
| $790K | ﹤0.01% |
22,700
-1,723,285
| -99% | -$58.8M |
|
1883
Madison Square Garden
MSGE
$3.69B
| $788K | ﹤0.01% |
+18,532
| New | +$724K |
|
1884
Napco Security Technologies
NSSC
$1.44B
| $784K | ﹤0.01% |
19,386
-5,929
| -23% | -$291K |
|
1885
CRA International
CRAI
$1.17B
| $782K | ﹤0.01% |
4,459
+1,291
| +41% | +$215K |
|
1886
Paysafe
PSFE
$405M
| $764K | ﹤0.01% |
+34,076
| New | +$707K |
|
1887
Twilio
TWLO
$29.5B
| $759K | ﹤0.01% |
11,643
-1,746
| -13% | -$104K |
|
1888
Amneal Pharmaceuticals
AMRX
$5.9B
| $737K | ﹤0.01% |
88,622
-4,944
| -5% | -$38.7K |
|
1889
Petco
WOOF
$845M
| $728K | ﹤0.01% |
+159,892
| New | +$543K |
|
1890
BrightView Holdings
BV
$1.22B
| $723K | ﹤0.01% |
+45,929
| New | +$666K |
|
1891
Royalty Pharma
RPRX
$25.5B
| $719K | ﹤0.01% |
25,409
-3,704
| -13% | -$103K |
|
1892
Cadre Holdings
CDRE
$1.32B
| $698K | ﹤0.01% |
18,390
+2,856
| +18% | +$102K |
|
1893
Latham Group
SWIM
$669M
| $697K | ﹤0.01% |
+102,446
| New | +$498K |
|
|
GRP.U
1894
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $695K | ﹤0.01% |
11,500
-400
| -3% | -$22K |
|
|
UMH
1895
UMH Properties
UMH
$1.3B
| $675K | ﹤0.01% |
+34,314
| New | +$638K |
|
1896
1st Source
SRCE
$2.19B
| $664K | ﹤0.01% |
+11,095
| New | +$654K |
|
1897
Zillow
Z
$8.3B
| $662K | ﹤0.01% |
10,365
-1,435
| -12% | -$77.1K |
|
1898
Qiagen
QGEN
$8.73B
| $659K | ﹤0.01% |
14,062
-1,918
| -12% | -$87.5K |
|
1899
Barrett Business Services
BBSI
$984M
| $649K | ﹤0.01% |
17,300
+3,960
| +30% | +$139K |
|
|
SMAR
1900
DELISTED
Smartsheet Inc.
SMAR
| $639K | ﹤0.01% |
11,538
+266
| +2% | +$12.9K |
|
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.