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 | |
|---|---|---|---|---|---|---|
2251
ChargePoint
CHPT
$141M
| $69.5K | ﹤0.01% |
2,302
+569
| +33% | +$18.5K |
|
2252
FIGS
FIGS
$1.79B
| $69.3K | ﹤0.01% |
13,006
-3,670
| -22% | -$18.8K |
|
2253
Alector
ALEC
$168M
| $67.1K | ﹤0.01% |
14,773
-7,739
| -34% | -$39.8K |
|
|
STKL
2254
DELISTED
SunOpta
STKL
| $66.9K | ﹤0.01% |
12,393
-32
| -0.3% | -$188 |
|
2255
Vaalco Energy
EGY
$570M
| $66.4K | ﹤0.01% |
10,593
-1,585
| -13% | -$10.2K |
|
2256
Ardagh Metal Packaging
AMBP
$2.83B
| $66.4K | ﹤0.01% |
19,521
+5,009
| +35% | +$18.8K |
|
2257
SGHC Ltd
SGHC
$7.11B
| $65.4K | ﹤0.01% |
20,242
+1,894
| +10% | +$6.39K |
|
|
DHC
2258
Diversified Healthcare Trust
DHC
$2.15B
| $65.3K | ﹤0.01% |
21,419
-6,064
| -22% | -$15.4K |
|
|
LAZR
2259
DELISTED
Luminar Technologies
LAZR
| $65.1K | ﹤0.01% |
2,912
+302
| +12% | +$7.15K |
|
2260
Heron Therapeutics
HRTX
$93.9M
| $64.6K | ﹤0.01% |
18,446
-17,758
| -49% | -$54.6K |
|
|
TDAY
2261
USA Today Co
TDAY
$1.27B
| $64.2K | ﹤0.01% |
13,918
-3,031
| -18% | -$10.1K |
|
2262
Adaptive Biotechnologies
ADPT
$3.59B
| $63.3K | ﹤0.01% |
17,495
-15,009
| -46% | -$47.6K |
|
2263
Prime Medicine
PRME
$527M
| $62.6K | ﹤0.01% |
12,187
-5,446
| -31% | -$33K |
|
2264
Vivid Seats
SEAT
$84.6M
| $60.7K | ﹤0.01% |
+528
| New | +$57.4K |
|
|
NOVA
2265
DELISTED
Sunnova Energy
NOVA
| $59.4K | ﹤0.01% |
10,649
-2,524
| -19% | -$12K |
|
2266
TETRA Technologies
TTI
$1.14B
| $58.7K | ﹤0.01% |
16,960
+106
| +0.6% | +$423 |
|
2267
MaxCyte
MXCT
$112M
| $57.7K | ﹤0.01% |
14,724
-11,660
| -44% | -$50.2K |
|
2268
Cerus
CERS
$433M
| $57.5K | ﹤0.01% |
32,663
-19,791
| -38% | -$35.4K |
|
2269
Standard BioTools
LAB
$340M
| $56.8K | ﹤0.01% |
+32,097
| New | +$78.5K |
|
2270
Annexon
ANNX
$834M
| $56.1K | ﹤0.01% |
+11,440
| New | +$59.2K |
|
|
APLT
2271
DELISTED
Applied Therapeutics
APLT
| $54.1K | ﹤0.01% |
+11,583
| New | +$54.8K |
|
|
OLO
2272
DELISTED
Olo Inc
OLO
| $53.8K | ﹤0.01% |
12,163
-750
| -6% | -$3.55K |
|
2273
Ocugen
OCGN
$416M
| $53.6K | ﹤0.01% |
34,566
-24,788
| -42% | -$38.6K |
|
2274
OmniAb
OABI
$287M
| $52.9K | ﹤0.01% |
14,105
-15,785
| -53% | -$71.9K |
|
2275
Real Brokerage
REAX
$349M
| $52.2K | ﹤0.01% |
+12,853
| New | +$54K |
|
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.