Principal Financial Group Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 29, 2024), Principal Financial Group Inc. reported 2,360 stock positions worth $168.4 billion. Its top holding was Microsoft (MSFT) at 4.0% of the portfolio, followed by Apple (AAPL, 2.5%) and Nvidia (NVDA, 2.5%). Compared with Q1 2024, it opened 84 new positions, sold out of 151, added to 587 and reduced 1,672. The biggest buy was Vivmark Residential (VMRK, shares +482%) and the biggest sale Union Pacific (UNP, shares −67%).
- Most Recent 13F
- Q2 2026
- Location
- DES MOINES, IA
- CIK
- 0001126328
- Portfolio Value
- $168.4B (Q2 2024)
- SEC Filing
- 0001085146-24-003313 ↗ filed Jul 29, 2024
Holdings Value
Holdings 2,360 stocks · $168.4B
| MSFT Microsoft Corp. | 4.02% | 15,149,104 | $6.8B | Reduce -1.2% |
| AAPL Apple Inc. | 2.54% | 20,309,606 | $4.3B | Reduce -0.3% |
| NVDA Nvidia Corp. | 2.52% | 34,341,377 | $4.2B | Reduce -4.2% |
| AMZN Amazon.com Inc. | 2.20% | 19,181,744 | $3.7B | Reduce -1.2% |
| TDG Transdigm Group Inc. | 1.52% | 1,999,758 | $2.6B | Reduce -9.3% |
| BN Brookfield Corp. | 1.50% | 60,858,459 | $2.5B | Reduce -2.0% |
| KKR KKR & Co. Inc. | 1.36% | 21,775,668 | $2.3B | Reduce -3.9% |
| CPRT Copart Inc. | 1.22% | 37,934,659 | $2.1B | Reduce -3.3% |
| HLT Hilton Worldwide Holdings Inc. | 1.21% | 9,326,879 | $2.0B | Add +2.1% |
| GOOGL Alphabet Inc. Class A | 1.18% | 10,946,563 | $2.0B | Reduce -4.3% |
| GOOG Alphabet Inc. Class C | 1.17% | 10,759,314 | $2.0B | Add +1.8% |
| ORLY O'reilly Automotive Inc. | 1.16% | 1,850,655 | $2.0B | Add +3.2% |
| USMC Principal US Mega-Cap ETF | 1.13% | 35,222,823 | $1.9B | Add +0.3% |
| HEI.A Heico Corp. Class A | 1.13% | 10,699,609 | $1.9B | Reduce -1.5% |
| AMT American Tower Corp. | 1.01% | 8,775,614 | $1.7B | Reduce -0.2% |
| META Meta Platforms Inc. Class A | 0.95% | 3,163,949 | $1.6B | Reduce -1.3% |
| ROP Roper Technologies Inc. | 0.90% | 2,683,909 | $1.5B | Add +4.0% |
| CSGP Costar Group Inc. | 0.85% | 19,370,975 | $1.4B | Reduce -1.1% |
| EQIX Equinix Inc. | 0.85% | 1,888,191 | $1.4B | Add +14.5% |
| V Visa Inc. Class A | 0.83% | 5,322,074 | $1.4B | Add +1.0% |
| PLD Prologis Inc. | 0.82% | 12,265,926 | $1.4B | Add +1.4% |
| WELL Welltower Inc. | 0.77% | 12,439,176 | $1.3B | Reduce -0.2% |
| PGR Progressive Corp. | 0.76% | 6,154,900 | $1.3B | Reduce -12.4% |
| MA Mastercard Inc. Class A | 0.76% | 2,893,073 | $1.3B | Add +3.8% |
| BRO Brown & Brown Inc. | 0.68% | 12,804,979 | $1.1B | Add +0.7% |
| JPM JPMorgan Chase & Co. | 0.68% | 5,641,641 | $1.1B | Reduce -4.2% |
| COST Costco Wholesale Corp. | 0.67% | 1,334,364 | $1.1B | Reduce -1.4% |
| VMC Vulcan Materials Co. | 0.66% | 4,435,990 | $1.1B | Reduce -1.3% |
| ADBE Adobe Inc. | 0.65% | 1,975,509 | $1.1B | Add +0.6% |
| EXR Extra Space Storage Inc. | 0.63% | 6,866,656 | $1.1B | Reduce -3.2% |
| LLY Eli Lilly & Co. | 0.62% | 1,148,239 | $1.0B | Reduce -5.7% |
| AVGO Broadcom Inc. | 0.61% | 641,609 | $1.0B | Reduce -10.1% |
| NFLX Netflix Inc. | 0.60% | 1,494,415 | $1.0B | Add +1.6% |
| VTR Ventas Inc. | 0.59% | 19,271,939 | $987.9M | Reduce -2.0% |
| AVB Avalonbay Communities Inc. | 0.58% | 4,744,127 | $981.5M | Reduce -0.3% |
| INTU Intuit Inc. | 0.55% | 1,407,862 | $925.3M | Add +4.2% |
| MKL Markel Group Inc. | 0.52% | 555,753 | $875.7M | Reduce -1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.52% | 2,142,764 | $871.7M | Reduce -2.7% |
| IT Gartner Inc. | 0.51% | 1,897,328 | $852.0M | Add +22.0% |
| DPZ Domino's Pizza Inc. | 0.50% | 1,642,477 | $848.1M | Reduce -1.8% |
| MCHP Microchip Technology Inc. | 0.50% | 9,246,403 | $846.0M | Add +0.4% |
| SBAC SBA Communications Corp. | 0.49% | 4,204,074 | $825.3M | Reduce -2.2% |
| UNH Unitedhealth Group Inc. | 0.48% | 1,598,157 | $813.9M | Add +0.1% |
| DHR Danaher Corp. | 0.46% | 3,115,887 | $778.5M | Reduce -0.0% |
| INVH Invitation Homes Inc. | 0.44% | 20,471,201 | $734.7M | Reduce -0.5% |
| MRK Merck & Co. Inc. | 0.43% | 5,837,680 | $722.7M | Reduce -3.2% |
| ACGL Arch Capital Group Ltd. | 0.43% | 7,100,952 | $716.4M | Add +4.4% |
| XOM Exxon Mobil Corp. | 0.42% | 6,187,270 | $712.3M | Add +8.2% |
| MSCI MSCI Inc. | 0.42% | 1,456,194 | $701.5M | Add +74.9% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.41% | 24,365,705 | $697.8M | Reduce -0.6% |
| TSLA Tesla Inc. | 0.41% | 3,455,597 | $683.8M | Reduce -1.3% |
| PG The Procter & Gamble Co. | 0.40% | 4,126,420 | $680.5M | Reduce -0.5% |
| LYV Live Nation Entertainment Inc. | 0.40% | 7,109,519 | $666.4M | Reduce -0.3% |
| TYL Tyler Technologies Inc. | 0.39% | 1,310,727 | $659.0M | Add +0.1% |
| CBRE CBRE Group Inc. Class A | 0.38% | 7,146,749 | $636.8M | Add +3.0% |
| BIP Brookfield Infrastructure Pa | 0.38% | 23,193,050 | $636.4M | Add +7.1% |
| ARE Alexandria Real Estate Equit | 0.38% | 5,420,031 | $634.0M | Reduce -0.7% |
| KMX Carmax Inc. | 0.37% | 8,384,960 | $615.0M | Reduce -12.9% |
| DLR Digital Realty Trust Inc. | 0.36% | 3,993,266 | $607.2M | Reduce -8.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.35% | 14,846,245 | $590.4M | Reduce -1.9% |
| AMH American Homes 4 Rent- A | 0.35% | 15,771,297 | $586.1M | Reduce -1.2% |
| LIN Linde PLC | 0.35% | 1,327,050 | $582.3M | Reduce -0.6% |
| TMO Thermo Fisher Scientific Inc. | 0.34% | 1,022,270 | $565.3M | Add +31.9% |
| REXR Rexford Industrial Realty Inc. | 0.33% | 12,471,322 | $556.1M | Reduce -8.6% |
| REG Regency Centers Corp. | 0.33% | 8,922,988 | $555.0M | Add +4.2% |
| FICO Fair Isaac Corp. | 0.33% | 370,605 | $551.7M | Add +3.9% |
| FWONK Liberty Media Corp. Class C | 0.32% | 7,576,129 | $544.3M | Add +21.7% |
| MCO Moody's Corp. | 0.32% | 1,275,343 | $536.8M | Reduce -9.4% |
| KO The Coca-Cola Co. | 0.30% | 8,040,705 | $511.8M | Reduce -1.6% |
| IVV iShares Core S&P 500 ETF | 0.30% | 921,115 | $504.1M | Reduce -2.3% |
| MLM Martin Marietta Materials | 0.30% | 924,241 | $500.8M | Reduce -2.6% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.29% | 7,153,749 | $496.0M | Add +482.3% |
| CVX Chevron Corp. | 0.29% | 3,130,983 | $489.7M | Reduce -1.8% |
| SCHW Schwab (charles) Corp. | 0.29% | 6,635,700 | $489.0M | Add +5.4% |
| ABT Abbott Laboratories | 0.29% | 4,690,312 | $487.4M | Reduce -1.9% |
| ADSK Autodesk Inc. | 0.29% | 1,946,529 | $481.7M | Reduce -4.0% |
| ESS Essex Property Trust Inc. | 0.28% | 1,733,154 | $471.8M | Reduce -30.3% |
| CDNS Cadence Design SYS Inc. | 0.28% | 1,519,661 | $467.7M | Add +280.1% |
| PSC Principal US Small-Cap ETF | 0.27% | 9,579,951 | $461.4M | Add +0.5% |
| JNJ Johnson & Johnson | 0.27% | 3,142,839 | $459.4M | Reduce -0.9% |
| HD Home Depot Inc. | 0.27% | 1,329,308 | $457.6M | Reduce -2.1% |
| MS Morgan Stanley | 0.27% | 4,675,685 | $454.4M | Add +0.1% |
| NEE Nextera Energy Inc. | 0.26% | 6,100,348 | $432.0M | Add +7.2% |
| FAST Fastenal Co. | 0.25% | 6,800,907 | $427.4M | Reduce -9.6% |
| CRM Salesforce Inc. | 0.25% | 1,661,272 | $427.1M | Reduce -3.3% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.25% | 3,492,648 | $420.3M | Reduce -4.7% |
| LEN Lennar Corp. Class A | 0.25% | 2,753,864 | $412.7M | Add +4.5% |
| TT Trane Technologies PLC | 0.24% | 1,236,460 | $406.7M | Reduce -10.5% |
| H Hyatt Hotels Corp. Class A | 0.24% | 2,645,002 | $401.8M | Add +6.5% |
| NVR NVR Inc. | 0.24% | 52,265 | $396.6M | Reduce -0.3% |
| PH Parker Hannifin Corp. | 0.24% | 783,950 | $396.5M | Reduce -4.5% |
| COLD Americold Realty Trust Inc. | 0.23% | 15,300,802 | $390.8M | Add +30.8% |
| GLPI Gaming and Leisure Propertie | 0.23% | 8,491,106 | $383.9M | Reduce -1.8% |
| BLK BlackRock Finance Inc. | 0.23% | 485,651 | $382.4M | Reduce -8.9% |
| ABBV Abbvie Inc. | 0.23% | 2,214,285 | $379.8M | Reduce -1.8% |
| VRSN Verisign Inc. | 0.22% | 2,126,669 | $378.1M | Reduce -8.6% |
| MPC Marathon Petroleum Corp. | 0.22% | 2,119,689 | $367.7M | Reduce -11.6% |
| IDXX Idexx Laboratories Inc. | 0.22% | 754,116 | $367.4M | Reduce -1.2% |
| WMT Walmart Inc. | 0.22% | 5,426,152 | $367.4M | Reduce -1.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.21% | 2,081,251 | $361.7M | Reduce -9.3% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | 29,578 | $1.6M | Reduce -3.9% |
Total filed on the 13F, all lines: $168.4B.
Portfolio Sells Q1 2024 → Q2 2024
| UNP Union Pacific Corp. | Reduce -66.7% | 0.12% | −0.27 |
| CSGP Costar Group Inc. | Reduce -1.1% | 0.85% | −0.26 |
| AIRC Apartment Income REIT Co. | Sold out | 0.00% | −0.14 |
| KMX Carmax Inc. | Reduce -12.9% | 0.37% | −0.13 |
| CPRT Copart Inc. | Reduce -3.3% | 1.22% | −0.12 |
| PGR Progressive Corp. | Reduce -12.4% | 0.76% | −0.09 |
| SPGI S&P Global Inc. | Reduce -52.4% | 0.09% | −0.09 |
| CNI Canadian Natl Railway Co. | Reduce -94.2% | 0.01% | −0.09 |
| FAST Fastenal Co. | Reduce -9.6% | 0.25% | −0.09 |
| TDG Transdigm Group Inc. | Reduce -9.3% | 1.52% | −0.08 |
| ESS Essex Property Trust Inc. | Reduce -30.3% | 0.28% | −0.08 |
| MGA Magna International Inc. | Reduce -64.9% | 0.03% | −0.08 |
| REXR Rexford Industrial Realty Inc. | Reduce -8.6% | 0.33% | −0.07 |
| BAM Brookfield Asset Mgmt-A | Reduce -19.8% | 0.20% | −0.07 |
| A Agilent Technologies Inc. | Reduce -19.6% | 0.17% | −0.07 |
| VMC Vulcan Materials Co. | Reduce -1.3% | 0.66% | −0.07 |
| MPC Marathon Petroleum Corp. | Reduce -11.6% | 0.22% | −0.07 |
| APLE Apple Hospitality REIT Inc. | Reduce -82.5% | 0.01% | −0.06 |
| SBAC SBA Communications Corp. | Reduce -2.2% | 0.49% | −0.06 |
| SMCI Super Micro Computer Inc. | Reduce -35.4% | 0.06% | −0.06 |
| MTN Vail Resorts Inc. | Reduce -6.3% | 0.18% | −0.06 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -51.2% | 0.05% | −0.05 |
| CRM Salesforce Inc. | Reduce -3.3% | 0.25% | −0.05 |
| BF.B Brown-Forman Corp. Class B | Reduce -52.8% | 0.03% | −0.05 |
| LYV Live Nation Entertainment Inc. | Reduce -0.3% | 0.40% | −0.05 |
| MLM Martin Marietta Materials | Reduce -2.6% | 0.30% | −0.04 |
| OZK Bank Ozk | Reduce -81.9% | 0.01% | −0.04 |
| CVS CVS Health Corp. | Reduce -27.6% | 0.05% | −0.04 |
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −0.04 |
| MRK Merck & Co. Inc. | Reduce -3.2% | 0.43% | −0.04 |
| ARE Alexandria Real Estate Equit | Reduce -0.7% | 0.38% | −0.04 |
| DFS Discover Financial Services | Reduce -62.6% | 0.02% | −0.04 |
| INTC Intel Corp. | Reduce -1.2% | 0.09% | −0.04 |
| VRSN Verisign Inc. | Reduce -8.6% | 0.22% | −0.03 |
| ICFI Icf International Inc. | Reduce -97.4% | 0.00% | −0.03 |
| HD Home Depot Inc. | Reduce -2.1% | 0.27% | −0.03 |
| BLK BlackRock Finance Inc. | Reduce -8.9% | 0.23% | −0.03 |
| CNQ Canadian Natural Resources | Reduce -18.9% | 0.11% | −0.03 |
| PH Parker Hannifin Corp. | Reduce -4.5% | 0.24% | −0.03 |
| DIS The Walt Disney Co. | Reduce -2.0% | 0.13% | −0.03 |
| ABT Abbott Laboratories | Reduce -1.9% | 0.29% | −0.03 |
| M D C HLDGS INC | Sold out | 0.00% | −0.03 |
| MYRG MYR Group Inc./Delaware | Reduce -30.5% | 0.03% | −0.03 |
| EXLS Exlservice Holdings Inc. | Reduce -71.5% | 0.01% | −0.03 |
| SBUX Starbucks Corp. | Reduce -6.6% | 0.12% | −0.03 |
| DE Deere & Co. | Reduce -4.1% | 0.21% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -2.8% | 0.21% | −0.03 |
| SUI Sun Communities Inc. | Reduce -4.7% | 0.25% | −0.03 |
| VST Vistra Corp. | Reduce -48.4% | 0.05% | −0.03 |
| AMD Advanced Micro Devices | Reduce -3.6% | 0.19% | −0.03 |
Portfolio Buys Q1 2024 → Q2 2024
| VMRK Vivmark Residential | Add +482.3% | 0.29% | +0.25 |
| GOOG Alphabet Inc. Class C | Add +1.8% | 1.17% | +0.23 |
| CDNS Cadence Design SYS Inc. | Add +280.1% | 0.28% | +0.20 |
| MSCI MSCI Inc. | Add +74.9% | 0.42% | +0.14 |
| VEEV Veeva Systems Inc. Class A | Add +1122.3% | 0.10% | +0.09 |
| FWONK Liberty Media Corp. Class C | Add +21.7% | 0.32% | +0.08 |
| RHP Ryman Hospitality Properties | Add +194.0% | 0.13% | +0.08 |
| NFLX Netflix Inc. | Add +1.6% | 0.60% | +0.07 |
| USMC Principal US Mega-Cap ETF | Add +0.3% | 1.13% | +0.07 |
| TMO Thermo Fisher Scientific Inc. | Add +31.9% | 0.34% | +0.07 |
| IT Gartner Inc. | Add +22.0% | 0.51% | +0.07 |
| ADBE Adobe Inc. | Add +0.6% | 0.65% | +0.07 |
| AME Ametek Inc. | Add +256.3% | 0.10% | +0.07 |
| FICO Fair Isaac Corp. | Add +3.9% | 0.33% | +0.07 |
| TYL Tyler Technologies Inc. | Add +0.1% | 0.39% | +0.06 |
| HLT Hilton Worldwide Holdings Inc. | Add +2.1% | 1.21% | +0.06 |
| COLD Americold Realty Trust Inc. | Add +30.8% | 0.23% | +0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +429.2% | 0.07% | +0.06 |
| ACGL Arch Capital Group Ltd. | Add +4.4% | 0.43% | +0.06 |
| ARES Ares Management Corp. Class A | Add +38.5% | 0.17% | +0.05 |
| EQIX Equinix Inc. | Add +14.5% | 0.85% | +0.05 |
| ROP Roper Technologies Inc. | Add +4.0% | 0.90% | +0.05 |
| WCN Waste Connections Inc. | Add +1167.4% | 0.05% | +0.05 |
| INSM Insmed Inc. | Add +15.2% | 0.07% | +0.04 |
| NEE Nextera Energy Inc. | Add +7.2% | 0.26% | +0.04 |
| TJX TJX Companies Inc. | Add +35.8% | 0.12% | +0.04 |
| CCC CCC Intelligent Solutions Ho | Add +37.8% | 0.17% | +0.04 |
| ROST Ross Stores Inc. | Add +27.8% | 0.16% | +0.03 |
| INTU Intuit Inc. | Add +4.2% | 0.55% | +0.03 |
| DHI D.R. Horton Inc. | Add +51.2% | 0.14% | +0.03 |
| XOM Exxon Mobil Corp. | Add +8.2% | 0.42% | +0.03 |
| SRPT Sarepta Therapeutics Inc. | Add +693.7% | 0.03% | +0.03 |
| SU Suncor Energy Inc. | Add +25.7% | 0.13% | +0.03 |
| BMRN Biomarin Pharmaceutical Inc. | Add +1858.6% | 0.03% | +0.03 |
| TER Teradyne Inc. | Add +105.2% | 0.05% | +0.03 |
| ORCL Oracle Corp. | Add +3.7% | 0.19% | +0.03 |
| TME Tencent Music Entertainm-ADR | Add +116.5% | 0.04% | +0.03 |
| NDAQ Nasdaq Inc. | Add +67.6% | 0.07% | +0.03 |
| GEV GE Vernova Inc. | Add +86.8% | 0.06% | +0.03 |
| RBA RB Global Inc. | Add +3387.9% | 0.03% | +0.03 |
| TPL Texas Pacific Land Corp. | Add +1541.2% | 0.03% | +0.03 |
| BRO Brown & Brown Inc. | Add +0.7% | 0.68% | +0.03 |
| REG Regency Centers Corp. | Add +4.2% | 0.33% | +0.02 |
| DELL Dell Technologies -C | New | 0.02% | +0.02 |
| LRCX Lam Research Corp. | Add +5.7% | 0.16% | +0.02 |
| TKO Tko Group Holdings Inc. | Add +12.5% | 0.08% | +0.02 |
| BJ Bj's Wholesale Club Holdings | Add +17.1% | 0.08% | +0.02 |
| SCHW Schwab (charles) Corp. | Add +5.4% | 0.29% | +0.02 |
| WRB WR Berkley Corp. | Add +83.0% | 0.06% | +0.02 |
| ISRG Intuitive Surgical Inc. | Add +3.0% | 0.16% | +0.02 |
Notes & Other Activity Q1 2024 → Q2 2024
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | Reduce -3.9% | 29,578 | $1.6M |
| MIR.WS Mirion Technologies Inc.-CW25 | *W EXP 10/20/202 | Sold out | 665,007 | $1.5Mbefore exit |
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 |