Principal Financial Group Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 29, 2024), Principal Financial Group Inc. reported 2,425 stock positions worth $170.1 billion. Its top holding was Microsoft (MSFT) at 3.8% of the portfolio, followed by Amazon.com (AMZN, 2.1%) and Apple (AAPL, 2.1%). Compared with Q4 2023, it opened 123 new positions, sold out of 114, added to 1,251 and reduced 1,017. The biggest buy was O'reilly Automotive (ORLY, shares +4%) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- DES MOINES, IA
- CIK
- 0001126328
- Portfolio Value
- $170.1B (Q1 2024)
- SEC Filing
- 0001085146-24-002102 ↗ filed Apr 29, 2024
Holdings Value
Holdings 2,425 stocks · $170.1B
| MSFT Microsoft Corp. | 3.79% | 15,327,274 | $6.4B | Reduce -1.2% |
| AMZN Amazon.com Inc. | 2.06% | 19,414,980 | $3.5B | Reduce -1.0% |
| AAPL Apple Inc. | 2.05% | 20,373,797 | $3.5B | Reduce -1.3% |
| NVDA Nvidia Corp. | 1.90% | 3,583,036 | $3.2B | Reduce -0.7% |
| TDG Transdigm Group Inc. | 1.60% | 2,206,119 | $2.7B | Reduce -7.1% |
| BN Brookfield Corp. | 1.53% | 62,080,629 | $2.6B | Reduce -1.9% |
| KKR KKR & Co. Inc. | 1.34% | 22,648,399 | $2.3B | Reduce -5.6% |
| CPRT Copart Inc. | 1.34% | 39,232,895 | $2.3B | Add +2.6% |
| ORLY O'reilly Automotive Inc. | 1.19% | 1,793,461 | $2.0B | Add +4.5% |
| HLT Hilton Worldwide Holdings Inc. | 1.15% | 9,136,450 | $1.9B | Reduce -2.2% |
| CSGP Costar Group Inc. | 1.11% | 19,592,181 | $1.9B | Reduce -1.1% |
| USMC Principal US Mega-Cap ETF | 1.06% | 35,101,992 | $1.8B | Reduce -6.6% |
| AMT American Tower Corp. | 1.02% | 8,794,776 | $1.7B | Add +36.2% |
| GOOGL Alphabet Inc. Class A | 1.01% | 11,433,226 | $1.7B | Add +2.1% |
| HEI.A Heico Corp. Class A | 0.98% | 10,859,646 | $1.7B | Add +6.4% |
| GOOG Alphabet Inc. Class C | 0.95% | 10,569,910 | $1.6B | Reduce -6.0% |
| PLD Prologis Inc. | 0.93% | 12,098,795 | $1.6B | Reduce -1.8% |
| META Meta Platforms Inc. Class A | 0.91% | 3,205,687 | $1.6B | Reduce -1.9% |
| V Visa Inc. Class A | 0.86% | 5,268,343 | $1.5B | Reduce -2.3% |
| PGR Progressive Corp. | 0.85% | 7,024,596 | $1.5B | Reduce -3.8% |
| ROP Roper Technologies Inc. | 0.85% | 2,581,710 | $1.4B | Add +2.5% |
| EQIX Equinix Inc. | 0.80% | 1,649,308 | $1.4B | Add +14.9% |
| MA Mastercard Inc. Class A | 0.79% | 2,788,503 | $1.3B | Reduce -1.8% |
| VMC Vulcan Materials Co. | 0.72% | 4,494,455 | $1.2B | Add +1.9% |
| JPM JPMorgan Chase & Co. | 0.69% | 5,888,868 | $1.2B | Reduce -3.5% |
| WELL Welltower Inc. | 0.68% | 12,458,625 | $1.2B | Reduce -4.3% |
| BRO Brown & Brown Inc. | 0.65% | 12,718,155 | $1.1B | Add +3.2% |
| EXR Extra Space Storage Inc. | 0.61% | 7,092,916 | $1.0B | Add +0.1% |
| COST Costco Wholesale Corp. | 0.58% | 1,353,514 | $991.6M | Reduce -1.8% |
| ADBE Adobe Inc. | 0.58% | 1,963,444 | $990.8M | Reduce -3.0% |
| LLY Eli Lilly & Co. | 0.56% | 1,217,565 | $947.2M | Reduce -0.5% |
| AVGO Broadcom Inc. | 0.56% | 714,017 | $946.4M | Add +0.7% |
| SBAC SBA Communications Corp. | 0.55% | 4,300,157 | $931.8M | Add +54.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.54% | 2,201,987 | $926.0M | Add +0.6% |
| NFLX Netflix Inc. | 0.53% | 1,471,502 | $893.7M | Add +0.6% |
| AVB Avalonbay Communities Inc. | 0.52% | 4,759,095 | $883.1M | Add +2.4% |
| INTU Intuit Inc. | 0.52% | 1,351,492 | $878.5M | Reduce -1.9% |
| VTR Ventas Inc. | 0.50% | 19,660,028 | $856.0M | Reduce -0.8% |
| MKL Markel Group Inc. | 0.50% | 561,492 | $854.3M | Reduce -0.6% |
| KMX Carmax Inc. | 0.49% | 9,623,346 | $838.3M | Reduce -1.1% |
| DPZ Domino's Pizza Inc. | 0.49% | 1,673,296 | $831.4M | Reduce -1.9% |
| MCHP Microchip Technology Inc. | 0.49% | 9,212,800 | $826.5M | Reduce -0.7% |
| MRK Merck & Co. Inc. | 0.47% | 6,032,255 | $796.0M | Add +2.0% |
| UNH Unitedhealth Group Inc. | 0.46% | 1,596,341 | $789.7M | Reduce -1.7% |
| DHR Danaher Corp. | 0.46% | 3,116,332 | $778.2M | Reduce -0.5% |
| LYV Live Nation Entertainment Inc. | 0.44% | 7,129,992 | $754.1M | Add +0.1% |
| IT Gartner Inc. | 0.44% | 1,555,417 | $741.4M | Add +0.7% |
| INVH Invitation Homes Inc. | 0.43% | 20,564,605 | $732.3M | Reduce -1.7% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.43% | 24,500,489 | $729.9M | Reduce -5.3% |
| ARE Alexandria Real Estate Equit | 0.41% | 5,457,699 | $703.6M | Reduce -13.5% |
| REXR Rexford Industrial Realty Inc. | 0.40% | 13,645,209 | $686.4M | Reduce -0.8% |
| BIP Brookfield Infrastructure Pa | 0.40% | 21,652,827 | $675.8M | Add +8.5% |
| CBRE CBRE Group Inc. Class A | 0.40% | 6,936,745 | $674.5M | Add +1.0% |
| PG The Procter & Gamble Co. | 0.40% | 4,146,133 | $672.7M | Add +0.7% |
| XOM Exxon Mobil Corp. | 0.39% | 5,719,339 | $664.8M | Add +4.5% |
| UNP Union Pacific Corp. | 0.39% | 2,668,469 | $656.3M | Reduce -0.7% |
| ACGL Arch Capital Group Ltd. | 0.37% | 6,800,236 | $628.6M | Add +11.4% |
| DLR Digital Realty Trust Inc. | 0.37% | 4,347,040 | $626.1M | Reduce -25.4% |
| LIN Linde PLC | 0.36% | 1,335,614 | $620.2M | Add +0.3% |
| TSLA Tesla Inc. | 0.36% | 3,501,417 | $615.5M | Reduce -2.6% |
| ESS Essex Property Trust Inc. | 0.36% | 2,486,997 | $608.8M | Reduce -8.7% |
| AMH American Homes 4 Rent- A | 0.35% | 15,967,772 | $587.3M | Reduce -6.1% |
| MLM Martin Marietta Materials | 0.34% | 948,908 | $582.6M | Reduce -1.1% |
| FAST Fastenal Co. | 0.34% | 7,521,805 | $580.2M | Reduce -1.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.34% | 15,129,086 | $573.7M | Reduce -0.6% |
| TYL Tyler Technologies Inc. | 0.33% | 1,309,715 | $556.6M | Add +3.3% |
| MCO Moody's Corp. | 0.33% | 1,407,969 | $553.4M | Reduce -9.2% |
| ABT Abbott Laboratories | 0.32% | 4,782,027 | $543.5M | Add +0.8% |
| ADSK Autodesk Inc. | 0.31% | 2,028,652 | $528.3M | Reduce -6.5% |
| HD Home Depot Inc. | 0.31% | 1,357,412 | $520.7M | Reduce -0.8% |
| REG Regency Centers Corp. | 0.30% | 8,565,897 | $518.8M | Add +16.5% |
| CRM Salesforce Inc. | 0.30% | 1,717,204 | $517.2M | Add +3.1% |
| CVX Chevron Corp. | 0.30% | 3,186,629 | $502.7M | Reduce -7.2% |
| JNJ Johnson & Johnson | 0.29% | 3,173,100 | $502.0M | Add +1.1% |
| KO The Coca-Cola Co. | 0.29% | 8,172,270 | $500.0M | Reduce -3.6% |
| IVV iShares Core S&P 500 ETF | 0.29% | 942,677 | $495.6M | Reduce -1.1% |
| MPC Marathon Petroleum Corp. | 0.28% | 2,398,914 | $483.4M | Reduce -4.2% |
| PSC Principal US Small-Cap ETF | 0.28% | 9,537,282 | $472.5M | Add +3.6% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.28% | 3,665,671 | $471.3M | Reduce -19.8% |
| MSCI MSCI Inc. | 0.27% | 832,482 | $466.6M | Add +1.6% |
| BAM Brookfield Asset Mgmt-A | 0.27% | 11,021,200 | $463.1M | Reduce -2.3% |
| PH Parker Hannifin Corp. | 0.27% | 820,597 | $456.1M | Reduce -2.9% |
| SCHW Schwab (charles) Corp. | 0.27% | 6,297,189 | $455.5M | Add +8.3% |
| LEN Lennar Corp. Class A | 0.27% | 2,636,554 | $453.4M | Add +17.0% |
| TMO Thermo Fisher Scientific Inc. | 0.26% | 775,160 | $450.5M | Add +27.4% |
| FICO Fair Isaac Corp. | 0.26% | 356,639 | $445.7M | Add +30.2% |
| BLK BlackRock Finance Inc. | 0.26% | 532,905 | $444.3M | Reduce -0.0% |
| VRSN Verisign Inc. | 0.26% | 2,327,226 | $441.0M | Reduce -2.0% |
| MS Morgan Stanley | 0.26% | 4,669,089 | $439.6M | Reduce -6.1% |
| NVR NVR Inc. | 0.25% | 52,451 | $424.9M | Add +0.4% |
| TT Trane Technologies PLC | 0.24% | 1,381,469 | $414.7M | Reduce -2.8% |
| IDXX Idexx Laboratories Inc. | 0.24% | 762,968 | $412.0M | Reduce -2.4% |
| CMCSA Comcast Corp. Class A | 0.24% | 9,501,826 | $411.9M | Reduce -6.9% |
| ABBV Abbvie Inc. | 0.24% | 2,254,177 | $410.5M | Reduce -1.4% |
| A Agilent Technologies Inc. | 0.24% | 2,817,672 | $410.0M | Reduce -2.5% |
| FWONK Liberty Media Corp. Class C | 0.24% | 6,226,828 | $408.5M | Add +0.3% |
| MTN Vail Resorts Inc. | 0.24% | 1,807,277 | $402.7M | Add +1.0% |
| DE Deere & Co. | 0.23% | 971,626 | $399.1M | Add +2.8% |
| GLPI Gaming and Leisure Propertie | 0.23% | 8,649,410 | $398.5M | Reduce -3.0% |
| H Hyatt Hotels Corp. Class A | 0.23% | 2,482,440 | $396.2M | Add +3.2% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $3.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | 30,778 | $1.7M | New |
| MIR.WS Mirion Technologies Inc.-CW25 | *W EXP 10/20/202 | 665,007 | $1.5M | Reduce -8.1% |
Total filed on the 13F, all lines: $170.1B.
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -1.3% | 2.05% | −0.48 |
| TSLA Tesla Inc. | Reduce -2.6% | 0.36% | −0.21 |
| ADBE Adobe Inc. | Reduce -3.0% | 0.58% | −0.19 |
| FR First Industrial Realty TR | Reduce -57.0% | 0.10% | −0.15 |
| DLR Digital Realty Trust Inc. | Reduce -25.4% | 0.37% | −0.13 |
| VTR Ventas Inc. | Reduce -0.8% | 0.50% | −0.13 |
| PSA Public Storage | Reduce -63.6% | 0.06% | −0.12 |
| PLD Prologis Inc. | Reduce -1.8% | 0.93% | −0.12 |
| SUI Sun Communities Inc. | Reduce -19.8% | 0.28% | −0.11 |
| O Realty Income Corp. | Reduce -55.6% | 0.07% | −0.11 |
| SPGI S&P Global Inc. | Reduce -26.9% | 0.18% | −0.10 |
| VICI Vici Properties Inc. | Reduce -5.3% | 0.43% | −0.10 |
| ARE Alexandria Real Estate Equit | Reduce -13.5% | 0.41% | −0.10 |
| BN Brookfield Corp. | Reduce -1.9% | 1.53% | −0.09 |
| REXR Rexford Industrial Realty Inc. | Reduce -0.8% | 0.40% | −0.09 |
| UNH Unitedhealth Group Inc. | Reduce -1.7% | 0.46% | −0.08 |
| ADC Agree Realty Corp. | Reduce -14.8% | 0.19% | −0.08 |
| ESS Essex Property Trust Inc. | Reduce -8.7% | 0.36% | −0.07 |
| GOOG Alphabet Inc. Class C | Reduce -6.0% | 0.95% | −0.06 |
| WELL Welltower Inc. | Reduce -4.3% | 0.68% | −0.06 |
| VMRK Vivmark Residential | Reduce -55.2% | 0.05% | −0.06 |
| MCO Moody's Corp. | Reduce -9.2% | 0.33% | −0.06 |
| USMC Principal US Mega-Cap ETF | Reduce -6.6% | 1.06% | −0.06 |
| ZTS Zoetis Inc. | Reduce -3.8% | 0.19% | −0.06 |
| HDB HDFC Bank Ltd.-ADR | Reduce -93.1% | 0.00% | −0.06 |
| VRSN Verisign Inc. | Reduce -2.0% | 0.26% | −0.05 |
| MCHP Microchip Technology Inc. | Reduce -0.7% | 0.49% | −0.05 |
| GLPI Gaming and Leisure Propertie | Reduce -3.0% | 0.23% | −0.05 |
| VRSK Verisk Analytics Inc. | Reduce -14.3% | 0.16% | −0.05 |
| AMH American Homes 4 Rent- A | Reduce -6.1% | 0.35% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -6.9% | 0.24% | −0.04 |
| LULU Lululemon Athletica Inc. | Reduce -33.9% | 0.04% | −0.04 |
| NKE Nike Inc. Class B | Reduce -7.0% | 0.11% | −0.04 |
| SPG Simon Property Group Inc. | Reduce -24.9% | 0.12% | −0.04 |
| MS Morgan Stanley | Reduce -6.1% | 0.26% | −0.04 |
| DFS Discover Financial Services | Reduce -41.8% | 0.06% | −0.04 |
| UNP Union Pacific Corp. | Reduce -0.7% | 0.39% | −0.03 |
| IDXX Idexx Laboratories Inc. | Reduce -2.4% | 0.24% | −0.03 |
| XEL Xcel Energy Inc. | Reduce -12.1% | 0.08% | −0.03 |
| CCI Crown Castle Inc. | Reduce -41.4% | 0.03% | −0.03 |
| CATY Cathay General Bancorp | Reduce -73.8% | 0.01% | −0.03 |
| KRC Kilroy Realty Corp. | Reduce -9.6% | 0.11% | −0.03 |
| BCE Bce Inc. | Reduce -34.7% | 0.04% | −0.03 |
| AIRC Apartment Income REIT Co. | Reduce -5.9% | 0.14% | −0.03 |
| HR Healthcare Realty Trust Inc. | Reduce -1.9% | 0.09% | −0.03 |
| INTU Intuit Inc. | Reduce -1.9% | 0.52% | −0.03 |
| CVX Chevron Corp. | Reduce -7.2% | 0.30% | −0.03 |
| UCB United Community Banks | Reduce -71.7% | 0.01% | −0.03 |
| V Visa Inc. Class A | Reduce -2.3% | 0.86% | −0.03 |
| APD Air Products & Chemicals Inc. | Reduce -2.0% | 0.12% | −0.03 |
Portfolio Buys Q4 2023 → Q1 2024
| ORLY O'reilly Automotive Inc. | Add +4.5% | 1.19% | +0.15 |
| CPRT Copart Inc. | Add +2.6% | 1.34% | +0.14 |
| AMT American Tower Corp. | Add +36.2% | 1.02% | +0.13 |
| CCC CCC Intelligent Solutions Ho | Add +144359.9% | 0.13% | +0.13 |
| SBAC SBA Communications Corp. | Add +54.9% | 0.55% | +0.10 |
| BRO Brown & Brown Inc. | Add +3.2% | 0.65% | +0.10 |
| VMC Vulcan Materials Co. | Add +1.9% | 0.72% | +0.08 |
| TECK Teck Resources Ltd.-CLS B | Add +115.4% | 0.15% | +0.08 |
| ACGL Arch Capital Group Ltd. | Add +11.4% | 0.37% | +0.08 |
| NFLX Netflix Inc. | Add +0.6% | 0.53% | +0.07 |
| NNN NNN REIT Inc. | Add +92.3% | 0.16% | +0.07 |
| EQIX Equinix Inc. | Add +14.9% | 0.80% | +0.06 |
| PAVE Global X US Infrastructure | New | 0.06% | +0.06 |
| TMO Thermo Fisher Scientific Inc. | Add +27.4% | 0.26% | +0.06 |
| FICO Fair Isaac Corp. | Add +30.2% | 0.26% | +0.06 |
| MRK Merck & Co. Inc. | Add +2.0% | 0.47% | +0.06 |
| HEI.A Heico Corp. Class A | Add +6.4% | 0.98% | +0.06 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +137.7% | 0.10% | +0.05 |
| TSM Taiwan Semiconductor-SP ADR | Add +17.5% | 0.18% | +0.05 |
| LEN Lennar Corp. Class A | Add +17.0% | 0.27% | +0.05 |
| AHR American Healthcare REIT Inc. | New | 0.05% | +0.05 |
| AVGO Broadcom Inc. | Add +0.7% | 0.56% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.6% | 0.54% | +0.05 |
| IEMG iShares Core MSCI Emerging | Add +24598.9% | 0.05% | +0.05 |
| VST Vistra Corp. | Add +49.2% | 0.08% | +0.05 |
| LAZ Lazard Inc. | Add +943.5% | 0.05% | +0.04 |
| PVH PVH Corp. | Add +234.1% | 0.06% | +0.04 |
| ORCL Oracle Corp. | Add +23.6% | 0.16% | +0.04 |
| XOM Exxon Mobil Corp. | Add +4.5% | 0.39% | +0.04 |
| C Citigroup Inc. | Add +39.8% | 0.11% | +0.04 |
| CTVA Corteva Inc. | Add +18.8% | 0.16% | +0.04 |
| MCK McKesson Corp. | Add +54.1% | 0.09% | +0.03 |
| PSN Parsons Corp. | Add +162.5% | 0.05% | +0.03 |
| P Everpure Inc. Class A | Add +4095.7% | 0.03% | +0.03 |
| DIS The Walt Disney Co. | Add +1.0% | 0.16% | +0.03 |
| MIDD Middleby Corp. | Add +177.6% | 0.05% | +0.03 |
| H Hyatt Hotels Corp. Class A | Add +3.2% | 0.23% | +0.03 |
| HAL Halliburton Co. | Add +116.9% | 0.06% | +0.03 |
| WTFC Wintrust Financial Corp. | Add +54.6% | 0.08% | +0.03 |
| CASY Casey's General Stores Inc. | Add +113.0% | 0.05% | +0.03 |
| WY Weyerhaeuser Co. | Add +145.0% | 0.05% | +0.03 |
| CNM Core & Main Inc. Class A | Add +152.7% | 0.04% | +0.03 |
| VNQ Vanguard Real Estate ETF | Add +266.1% | 0.04% | +0.03 |
| MGY Magnolia Oil & Gas Corp. Class A | Add +2799.2% | 0.03% | +0.03 |
| GE General Electric | Add +0.6% | 0.12% | +0.03 |
| CNQ Canadian Natural Resources | Add +15.2% | 0.14% | +0.03 |
| CAT Caterpillar Inc. | Add +3.4% | 0.16% | +0.02 |
| CRM Salesforce Inc. | Add +3.1% | 0.30% | +0.02 |
| TRNO Terreno Realty Corp. | Add +16.4% | 0.20% | +0.02 |
| HSY The Hershey Co. | Add +98.4% | 0.05% | +0.02 |
Notes & Other Activity Q4 2023 → Q1 2024
| RPT REALTY (KIM 7.25 PERP D) | 7.25 PFD D CONV | Sold out | 36,328 | $2.1Mbefore exit |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | New | 30,778 | $1.7M |
| MIR.WS Mirion Technologies Inc.-CW25 | *W EXP 10/20/202 | Reduce -8.1% | 665,007 | $1.5M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 2,154 | $203.6B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 2,177 | $187.2B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q4 2025 | 2,180 | $195.9B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q3 2025 | 2,246 | $198.3B | MSFT, NVDA, AAPL, AMZN, BN |
| Q2 2025 | 2,224 | $189.2B | MSFT, NVDA, AMZN, AAPL, BN |
| Q1 2025 | 2,171 | $178.2B | MSFT, AAPL, NVDA, AMZN, TDG |
| Q4 2024 | 2,208 | $183.4B | MSFT, AAPL, NVDA, AMZN, BN |
| Q3 2024Amended | 2,220 | $183.2B | MSFT, AAPL, NVDA, AMZN, BN |
| Q2 2024 | 2,360 | $168.4B | MSFT, AAPL, NVDA, AMZN, TDG |
| Q1 2024 | 2,425 | $170.1B | MSFT, AMZN, AAPL, NVDA, TDG |