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 | |
|---|---|---|---|---|---|---|
2151
Array Technologies
ARRY
$803M
| $94.3K | ﹤0.01% |
14,290
-6,341
| -31% | -$52.1K |
|
|
BORR
2152
Borr Drilling
BORR
$1.24B
| $90.7K | ﹤0.01% |
16,523
-6,723
| -29% | -$41.1K |
|
2153
Shoals Technologies Group
SHLS
$1.47B
| $90.2K | ﹤0.01% |
16,071
-7,102
| -31% | -$42.5K |
|
|
VISN
2154
Vistance Networks Inc
VISN
$2.65B
| $90K | ﹤0.01% |
14,729
-5,969
| -29% | -$20.5K |
|
2155
Opendoor
OPEN
$3.64B
| $89.2K | ﹤0.01% |
46,090
-668,052
| -94% | -$1.36M |
|
2156
Fastly Inc
FSLY
$3.55B
| $87.6K | ﹤0.01% |
11,574
-4,857
| -30% | -$33.7K |
|
2157
American Express Global Business Travel
GBTG
$4.93B
| $87.2K | ﹤0.01% |
11,337
-4,961
| -30% | -$34.4K |
|
2158
Aurinia Pharmaceuticals
AUPH
$1.91B
| $85.3K | ﹤0.01% |
11,641
-11,951
| -51% | -$74.1K |
|
2159
Applied Digital
APLD
$7.89B
| $83.2K | ﹤0.01% |
10,083
-2,097
| -17% | -$11.1K |
|
2160
LegalZoom.com
LZ
$1.35B
| $81.9K | ﹤0.01% |
12,895
-5,726
| -31% | -$37.5K |
|
2161
Globalstar
GSAT
$10.7B
| $80.5K | ﹤0.01% |
4,329
-26,382
| -86% | -$488K |
|
2162
SSR Mining
SSRM
$5.32B
| $80.4K | ﹤0.01% |
14,152
-5,747
| -29% | -$30.1K |
|
2163
Energy Fuels
UUUU
$2.86B
| $71.1K | ﹤0.01% |
12,952
-2,941
| -19% | -$15.3K |
|
2164
NovaGold Resources
NG
$2.56B
| $69.7K | ﹤0.01% |
17,007
-6,909
| -29% | -$29.3K |
|
2165
8x8 Inc
EGHT
$269M
| $69.7K | ﹤0.01% |
34,156
-152,448
| -82% | -$336K |
|
2166
Archer Aviation
ACHR
$3.54B
| $65.4K | ﹤0.01% |
21,571
-9,493
| -31% | -$36.3K |
|
|
DHC
2167
Diversified Healthcare Trust
DHC
$2.15B
| $63.8K | ﹤0.01% |
15,218
-6,201
| -29% | -$20.9K |
|
2168
Community Health Systems
CYH
$393M
| $63.6K | ﹤0.01% |
10,476
-4,358
| -29% | -$21.4K |
|
|
PGRE
2169
DELISTED
Paramount Group
PGRE
| $63.3K | ﹤0.01% |
12,864
-5,228
| -29% | -$25.9K |
|
|
EU
2170
enCore Energy
EU
$212M
| $63.1K | ﹤0.01% |
15,609
-6,708
| -30% | -$24.9K |
|
|
ETWO
2171
DELISTED
E2open Parent Holdings
ETWO
| $63K | ﹤0.01% |
14,275
-2,464
| -15% | -$10.8K |
|
2172
Cipher Digital
CIFR
$9.13B
| $58.5K | ﹤0.01% |
15,121
-6,110
| -29% | -$25.7K |
|
|
SEG.RT
2173
DELISTED
Seaport Entertainment Group Inc. Rights (expiring October 10, 2024)
SEG.RT
| $53.5K | ﹤0.01% |
+18,137
| New | +$52.2K |
|
2174
Arbutus Biopharma
ABUS
$857M
| $53K | ﹤0.01% |
13,755
-12,352
| -47% | -$47.4K |
|
2175
Nordic American Tanker
NAT
$1.38B
| $52.1K | ﹤0.01% |
14,192
-114,564
| -89% | -$421K |
|
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.