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Principal Financial Group

Principal Financial Group Portfolio holdings

AUM $187B
1-Year Est. Return 18.48%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+2.02%
1 Year Est. Return
+18.48%
3 Year Est. Return
+76.86%
5 Year Est. Return
+98.55%
10 Year Est. Return
+401.09%
AUM
$168B
AUM Growth
-$1.74B
Cap. Flow
-$2.43B
Cap. Flow %
-1.44%
Top 10 Hldgs %
19.27%
Holding
2,513
New
86
Increased
585
Reduced
1,673
Closed
152

Top Buys

Rank Stock Value
1
EQR icon
Equity Residential
EQR
+$386M
2
CDNS icon
Cadence Design Systems
CDNS
+$332M
3
MSCI icon
MSCI
MSCI
+$309M
4
EQIX icon
Equinix
EQIX
+$181M
5
VEEV icon
Veeva Systems
VEEV
+$166M

Top Sells

Rank Stock Value
1
UNP icon
Union Pacific
UNP
+$417M
2
TDG icon
TransDigm Group
TDG
+$265M
3
AIRC
Apartment Income REIT Corp.
AIRC
+$238M
4
ESS icon
Essex Property Trust
ESS
+$193M
5
PGR icon
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
SGRY icon
2451
Surgery Partners
SGRY
$2.01B
– –
-10,073
Closed -$300K
SIBN icon
2452
SI-BONE Inc
SIBN
$788M
– –
-10,217
Closed -$167K
SIGA icon
2453
SIGA Technologies
SIGA
$235M
– –
-18,373
Closed -$157K
SPB icon
2454
Spectrum Brands
SPB
$2.04B
– –
-2,580
Closed -$230K
SPCE icon
2455
Virgin Galactic
SPCE
$328M
– –
-2,245
Closed -$66.5K
SSP icon
2456
E.W. Scripps
SSP
$257M
– –
-305,775
Closed -$1.2M
STOK icon
2457
Stoke Therapeutics
STOK
$1.8B
– –
-10,451
Closed -$141K
STR
2458
DELISTED
Sitio Royalties
STR
– –
-10,109
Closed -$250K
TBPH icon
2459
Theravance Biopharma
TBPH
$874M
– –
-14,708
Closed -$132K
TFII icon
2460
TFI International
TFII
$11.1B
– –
-5,700
Closed -$910K
TIP icon
2461
iShares TIPS Bond ETF
TIP
$14.5B
– –
-13,577
Closed -$1.46M
TMCI icon
2462
Treace Medical Concepts
TMCI
$280M
– –
-13,297
Closed -$174K
TOWN icon
2463
Towne Bank
TOWN
$3.46B
– –
-8,062
Closed -$226K
TRUE
2464
DELISTED
TrueCar
TRUE
– –
-10,367
Closed -$35.1K
TSVT
2465
DELISTED
2seventy bio
TSVT
– –
-14,337
Closed -$76.7K
TTEC icon
2466
TTEC Holdings
TTEC
$121M
– –
-98,931
Closed -$1.03M
VERV
2467
DELISTED
Verve Therapeutics
VERV
– –
-15,649
Closed -$208K
VRNT
2468
DELISTED
Verint Systems
VRNT
– –
-8,091
Closed -$268K
VTV icon
2469
Vanguard Morningstar Value ETF
VTV
$188B
– –
-1,443
Closed -$235K
VTYX
2470
DELISTED
Ventyx Biosciences
VTYX
– –
-13,180
Closed -$72.5K
WKHS icon
2471
Workhorse Group
WKHS
$33.2M
– –
-8
Closed -$5.68K
XLV icon
2472
State Street Health Care Select Sector SPDR ETF
XLV
$41.9B
– –
-22,211
Closed -$3.28M
XPER icon
2473
Xperi
XPER
$372M
– –
-225,688
Closed -$2.72M
YMAB
2474
DELISTED
Y-mAbs Therapeutics
YMAB
– –
-13,729
Closed -$223K
ZG icon
2475
Zillow
ZG
$7.94B
– –
-4,569
Closed -$219K
97 98
99
100 101

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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.