Principal Financial Group Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 31, 2024), Principal Financial Group Inc. reported 2,220 stock positions worth $183.2 billion. Its top holding was Microsoft (MSFT) at 3.7% of the portfolio, followed by Apple (AAPL, 2.8%) and Nvidia (NVDA, 2.4%). Compared with Q2 2024, it opened 87 new positions, sold out of 229, added to 826 and reduced 1,290. The biggest buy was Apple (AAPL, shares +8%) and the biggest sale American Tower (AMT, shares −30%).
- Most Recent 13F
- Q2 2026
- Location
- DES MOINES, IA
- CIK
- 0001126328
- Portfolio Value
- $183.2B (Q3 2024)
- SEC Filing
- 0001085146-24-005276 ↗ filed Oct 31, 2024
Holdings Value
Holdings 2,220 stocks · $183.2B
| MSFT Microsoft Corp. | 3.68% | 15,651,058 | $6.7B | Add +3.3% |
| AAPL Apple Inc. | 2.78% | 21,886,668 | $5.1B | Add +7.8% |
| NVDA Nvidia Corp. | 2.36% | 35,627,274 | $4.3B | Add +3.7% |
| AMZN Amazon.com Inc. | 2.05% | 20,166,314 | $3.8B | Add +5.1% |
| BN Brookfield Corp. | 1.71% | 59,091,655 | $3.1B | Reduce -2.9% |
| TDG Transdigm Group Inc. | 1.51% | 1,940,852 | $2.8B | Reduce -3.0% |
| KKR KKR & Co. Inc. | 1.47% | 20,687,259 | $2.7B | Reduce -5.0% |
| HLT Hilton Worldwide Holdings Inc. | 1.35% | 10,756,416 | $2.5B | Add +15.3% |
| HEI.A Heico Corp. Class A | 1.18% | 10,605,841 | $2.2B | Reduce -0.9% |
| ORLY O'reilly Automotive Inc. | 1.15% | 1,824,879 | $2.1B | Reduce -1.4% |
| CPRT Copart Inc. | 1.11% | 38,876,517 | $2.0B | Add +2.5% |
| META Meta Platforms Inc. Class A | 1.05% | 3,368,361 | $1.9B | Add +6.5% |
| USMC Principal US Mega-Cap ETF | 1.05% | 33,692,392 | $1.9B | Reduce -4.3% |
| GOOGL Alphabet Inc. Class A | 1.02% | 11,283,594 | $1.9B | Add +3.1% |
| GOOG Alphabet Inc. Class C | 1.01% | 11,024,276 | $1.8B | Add +2.5% |
| EQIX Equinix Inc. | 0.92% | 1,894,101 | $1.7B | Add +0.3% |
| V Visa Inc. Class A | 0.86% | 5,733,284 | $1.6B | Add +7.7% |
| WELL Welltower Inc. | 0.85% | 12,174,792 | $1.6B | Reduce -2.1% |
| PLD Prologis Inc. | 0.83% | 12,048,249 | $1.5B | Reduce -1.8% |
| MA Mastercard Inc. Class A | 0.82% | 3,031,915 | $1.5B | Add +4.8% |
| ROP Roper Technologies Inc. | 0.82% | 2,688,633 | $1.5B | Add +0.2% |
| CSGP Costar Group Inc. | 0.80% | 19,387,519 | $1.5B | Add +0.1% |
| AMT American Tower Corp. | 0.78% | 6,142,373 | $1.4B | Reduce -30.0% |
| PGR Progressive Corp. | 0.74% | 5,369,437 | $1.4B | Reduce -12.8% |
| VMC Vulcan Materials Co. | 0.73% | 5,320,570 | $1.3B | Add +19.9% |
| BRO Brown & Brown Inc. | 0.72% | 12,807,847 | $1.3B | Add +0.0% |
| AVGO Broadcom Inc. | 0.68% | 7,182,409 | $1.2B | Add +11.9% |
| JPM JPMorgan Chase & Co. | 0.67% | 5,824,289 | $1.2B | Add +3.2% |
| VTR Ventas Inc. | 0.66% | 18,875,005 | $1.2B | Reduce -2.1% |
| EXR Extra Space Storage Inc. | 0.66% | 6,716,161 | $1.2B | Reduce -2.2% |
| NFLX Netflix Inc. | 0.66% | 1,692,563 | $1.2B | Add +13.3% |
| COST Costco Wholesale Corp. | 0.63% | 1,305,951 | $1.2B | Reduce -2.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.63% | 2,495,838 | $1.1B | Add +16.5% |
| LLY Eli Lilly & Co. | 0.58% | 1,208,545 | $1.1B | Add +5.3% |
| UNH Unitedhealth Group Inc. | 0.57% | 1,778,636 | $1.0B | Add +11.3% |
| AVB Avalonbay Communities Inc. | 0.56% | 4,562,910 | $1.0B | Reduce -3.8% |
| IT Gartner Inc. | 0.55% | 2,001,142 | $1.0B | Add +5.5% |
| SBAC SBA Communications Corp. | 0.54% | 4,147,161 | $998.2M | Reduce -1.4% |
| TSLA Tesla Inc. | 0.52% | 3,650,393 | $955.1M | Add +5.6% |
| ADBE Adobe Inc. | 0.52% | 1,833,183 | $949.2M | Reduce -7.2% |
| CBRE CBRE Group Inc. Class A | 0.50% | 7,424,671 | $924.2M | Add +3.9% |
| MLM Martin Marietta Materials | 0.48% | 1,628,701 | $876.6M | Add +76.2% |
| INTU Intuit Inc. | 0.48% | 1,404,116 | $872.0M | Reduce -0.3% |
| MSCI MSCI Inc. | 0.48% | 1,493,534 | $870.6M | Add +2.6% |
| MKL Markel Group Inc. | 0.47% | 548,147 | $859.8M | Reduce -1.4% |
| DHR Danaher Corp. | 0.46% | 3,056,976 | $849.9M | Reduce -1.9% |
| BIP Brookfield Infrastructure Pa | 0.46% | 23,809,423 | $834.3M | Add +2.7% |
| ACGL Arch Capital Group Ltd. | 0.45% | 7,438,738 | $832.2M | Add +4.8% |
| PG The Procter & Gamble Co. | 0.45% | 4,734,588 | $820.0M | Add +14.7% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.44% | 24,071,879 | $801.8M | Reduce -1.2% |
| LYV Live Nation Entertainment Inc. | 0.43% | 7,196,551 | $788.0M | Add +1.2% |
| XOM Exxon Mobil Corp. | 0.43% | 6,709,202 | $786.5M | Add +8.4% |
| TMO Thermo Fisher Scientific Inc. | 0.42% | 1,247,838 | $771.9M | Add +22.1% |
| TYL Tyler Technologies Inc. | 0.41% | 1,291,812 | $754.1M | Reduce -1.4% |
| FICO Fair Isaac Corp. | 0.40% | 372,582 | $724.1M | Add +0.5% |
| MRK Merck & Co. Inc. | 0.39% | 6,355,950 | $721.8M | Add +8.9% |
| DPZ Domino's Pizza Inc. | 0.39% | 1,666,158 | $716.7M | Add +1.4% |
| INVH Invitation Homes Inc. | 0.39% | 20,051,656 | $707.0M | Reduce -2.0% |
| MCHP Microchip Technology Inc. | 0.37% | 8,352,702 | $670.6M | Reduce -9.7% |
| FWONK Liberty Media Corp. Class C | 0.36% | 8,627,809 | $668.1M | Add +13.9% |
| KMX Carmax Inc. | 0.35% | 8,308,778 | $642.9M | Reduce -0.9% |
| REG Regency Centers Corp. | 0.35% | 8,816,237 | $636.8M | Reduce -1.2% |
| DLR Digital Realty Trust Inc. | 0.34% | 3,870,915 | $626.4M | Reduce -3.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.33% | 15,415,630 | $611.7M | Add +3.8% |
| LIN Linde PLC | 0.33% | 1,269,685 | $605.5M | Reduce -4.3% |
| ADSK Autodesk Inc. | 0.33% | 2,192,345 | $603.9M | Add +12.6% |
| HD Home Depot Inc. | 0.33% | 1,471,223 | $596.1M | Add +10.7% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.31% | 7,745,615 | $576.7M | Add +8.3% |
| AMH American Homes 4 Rent- A | 0.31% | 14,971,791 | $574.8M | Reduce -5.1% |
| JNJ Johnson & Johnson | 0.31% | 3,472,312 | $562.7M | Add +10.5% |
| ARE Alexandria Real Estate Equit | 0.30% | 4,673,834 | $555.0M | Reduce -13.8% |
| CDNS Cadence Design SYS Inc. | 0.30% | 2,021,494 | $547.9M | Add +33.0% |
| KO The Coca-Cola Co. | 0.30% | 7,622,407 | $547.7M | Reduce -5.2% |
| REXR Rexford Industrial Realty Inc. | 0.29% | 10,711,760 | $538.9M | Reduce -14.1% |
| LEN Lennar Corp. Class A | 0.29% | 2,851,990 | $534.7M | Add +3.6% |
| IVV iShares Core S&P 500 ETF | 0.29% | 916,070 | $528.4M | Reduce -0.6% |
| NVR NVR Inc. | 0.28% | 51,989 | $510.1M | Reduce -0.5% |
| WMT Walmart Inc. | 0.27% | 6,235,504 | $503.5M | Add +14.9% |
| PSC Principal US Small-Cap ETF | 0.27% | 9,617,320 | $499.5M | Add +0.4% |
| PH Parker Hannifin Corp. | 0.27% | 785,297 | $496.2M | Add +0.2% |
| ABT Abbott Laboratories | 0.27% | 4,347,616 | $495.7M | Reduce -7.3% |
| NEE Nextera Energy Inc. | 0.27% | 5,817,078 | $491.7M | Reduce -4.6% |
| ABBV Abbvie Inc. | 0.27% | 2,487,363 | $491.2M | Add +12.3% |
| MS Morgan Stanley | 0.27% | 4,711,805 | $491.2M | Add +0.8% |
| TT Trane Technologies PLC | 0.26% | 1,232,041 | $478.9M | Reduce -0.4% |
| ZTS Zoetis Inc. | 0.25% | 2,377,403 | $464.5M | Add +17.3% |
| FAST Fastenal Co. | 0.25% | 6,497,100 | $464.0M | Reduce -4.5% |
| VEEV Veeva Systems Inc. Class A | 0.25% | 2,179,284 | $457.4M | Add +138.9% |
| ARES Ares Management Corp. Class A | 0.24% | 2,849,737 | $444.1M | Add +31.3% |
| CRM Salesforce Inc. | 0.24% | 1,582,086 | $433.0M | Reduce -4.8% |
| SCHW Schwab (charles) Corp. | 0.24% | 6,673,901 | $432.5M | Add +0.6% |
| CVX Chevron Corp. | 0.23% | 2,923,106 | $430.5M | Reduce -6.6% |
| COLD Americold Realty Trust Inc. | 0.23% | 15,025,221 | $424.8M | Reduce -1.8% |
| BLK BlackRock Finance Inc. | 0.23% | 445,212 | $422.7M | Reduce -8.3% |
| PNC PNC Financial Services Group | 0.23% | 2,275,472 | $420.6M | Add +1.0% |
| ESS Essex Property Trust Inc. | 0.23% | 1,423,513 | $420.5M | Reduce -17.9% |
| BAM Brookfield Asset Mgmt-A | 0.23% | 8,867,458 | $419.4M | Add +0.3% |
| MCO Moody's Corp. | 0.23% | 877,596 | $416.5M | Reduce -31.2% |
| AMD Advanced Micro Devices | 0.23% | 2,537,968 | $416.4M | Add +30.2% |
| GLPI Gaming and Leisure Propertie | 0.23% | 8,026,857 | $413.0M | Reduce -5.5% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $1.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | 28,578 | $1.8M | Reduce -3.4% |
| SEAPORT ENTERTAINMENT GR-RTS | RIGHT 10/10/2024 | 18,137 | $54K | New |
Total filed on the 13F, all lines: $183.2B.
Portfolio Sells Q2 2024 → Q3 2024
| AMT American Tower Corp. | Reduce -30.0% | 0.78% | −0.23 |
| A Agilent Technologies Inc. | Reduce -83.0% | 0.03% | −0.14 |
| MCHP Microchip Technology Inc. | Reduce -9.7% | 0.37% | −0.14 |
| ADBE Adobe Inc. | Reduce -7.2% | 0.52% | −0.13 |
| VRSN Verisign Inc. | Reduce -47.8% | 0.12% | −0.11 |
| AON Aon PLC Class A | Reduce -71.4% | 0.05% | −0.11 |
| HR Healthcare Realty Trust Inc. | Reduce -92.5% | 0.01% | −0.10 |
| MCO Moody's Corp. | Reduce -31.2% | 0.23% | −0.09 |
| USMC Principal US Mega-Cap ETF | Reduce -4.3% | 1.05% | −0.08 |
| CX Cemex Sab-Spons ADR Part Cer | Sold out | 0.00% | −0.08 |
| ARE Alexandria Real Estate Equit | Reduce -13.8% | 0.30% | −0.07 |
| INTU Intuit Inc. | Reduce -0.3% | 0.48% | −0.07 |
| SUI Sun Communities Inc. | Reduce -28.7% | 0.18% | −0.07 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -34.0% | 0.11% | −0.06 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -21.3% | 0.16% | −0.06 |
| CVX Chevron Corp. | Reduce -6.6% | 0.23% | −0.06 |
| MKL Markel Group Inc. | Reduce -1.4% | 0.47% | −0.05 |
| ESS Essex Property Trust Inc. | Reduce -17.9% | 0.23% | −0.05 |
| INVH Invitation Homes Inc. | Reduce -2.0% | 0.39% | −0.05 |
| SMCI Super Micro Computer Inc. | Reduce -52.1% | 0.01% | −0.05 |
| LRCX Lam Research Corp. | Reduce -1.5% | 0.11% | −0.05 |
| HHH Howard Hughes Holdings Inc. | Reduce -99.6% | 0.00% | −0.04 |
| PEB Pebblebrook Hotel Trust | Reduce -77.0% | 0.01% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -2.1% | 0.63% | −0.04 |
| TEL Te Connectivity Ltd. | Sold out | 0.00% | −0.04 |
| FR First Industrial Realty TR | Reduce -50.2% | 0.05% | −0.04 |
| CGNX Cognex Corp. | Reduce -76.4% | 0.01% | −0.04 |
| REXR Rexford Industrial Realty Inc. | Reduce -14.1% | 0.29% | −0.04 |
| HRL Hormel Foods Corp. | Reduce -82.2% | 0.01% | −0.03 |
| AMH American Homes 4 Rent- A | Reduce -5.1% | 0.31% | −0.03 |
| WFC Wells Fargo & Co. | Reduce -11.1% | 0.12% | −0.03 |
| BCE Bce Inc. | Reduce -98.7% | 0.00% | −0.03 |
| CNQ Canadian Natural Resources | Reduce -17.1% | 0.08% | −0.03 |
| MPC Marathon Petroleum Corp. | Reduce -0.5% | 0.19% | −0.03 |
| PFE Pfizer Inc. | Reduce -12.9% | 0.14% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -12.0% | 0.19% | −0.03 |
| MGA Magna International Inc. | Sold out | 0.00% | −0.03 |
| PPG PPG Industries Inc. | Reduce -56.7% | 0.02% | −0.03 |
| DXCM Dexcom Inc. | Reduce -12.3% | 0.02% | −0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -9.7% | 0.04% | −0.03 |
| BF.B Brown-Forman Corp. Class B | Reduce -81.4% | 0.01% | −0.03 |
| TGT Target Corp. | Reduce -29.8% | 0.05% | −0.03 |
| ATKR Atkore Inc. | Reduce -85.8% | 0.00% | −0.02 |
| TXN Texas Instruments Inc. | Reduce -13.7% | 0.13% | −0.02 |
| CVBF CVB Financial Corp. | Reduce -78.8% | 0.01% | −0.02 |
| MTN Vail Resorts Inc. | Reduce -2.2% | 0.16% | −0.02 |
| MCK McKesson Corp. | Reduce -1.6% | 0.07% | −0.02 |
| ELF Elf Beauty Inc. | Reduce -45.8% | 0.01% | −0.02 |
| ACN Accenture PLC Class A | Reduce -18.5% | 0.15% | −0.02 |
| AVB Avalonbay Communities Inc. | Reduce -3.8% | 0.56% | −0.02 |
Portfolio Buys Q2 2024 → Q3 2024
| AAPL Apple Inc. | Add +7.8% | 2.78% | +0.24 |
| MLM Martin Marietta Materials | Add +76.2% | 0.48% | +0.18 |
| VEEV Veeva Systems Inc. Class A | Add +138.9% | 0.25% | +0.15 |
| HLT Hilton Worldwide Holdings Inc. | Add +15.3% | 1.35% | +0.14 |
| WCN Waste Connections Inc. | Add +307.1% | 0.19% | +0.14 |
| CBRE CBRE Group Inc. Class A | Add +3.9% | 0.50% | +0.13 |
| TSLA Tesla Inc. | Add +5.6% | 0.52% | +0.12 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +16.5% | 0.63% | +0.11 |
| META Meta Platforms Inc. Class A | Add +6.5% | 1.05% | +0.11 |
| YUMC Yum China Holdings Inc. | Add +49.6% | 0.19% | +0.10 |
| AJG Arthur J Gallagher & Co. | Add +231.2% | 0.14% | +0.09 |
| LINE Lineage Inc. | New | 0.09% | +0.09 |
| TMO Thermo Fisher Scientific Inc. | Add +22.1% | 0.42% | +0.09 |
| UNH Unitedhealth Group Inc. | Add +11.3% | 0.57% | +0.08 |
| AHR American Healthcare REIT Inc. | Add +54.1% | 0.14% | +0.08 |
| BIP Brookfield Infrastructure Pa | Add +2.7% | 0.46% | +0.08 |
| VMC Vulcan Materials Co. | Add +19.9% | 0.73% | +0.07 |
| ARES Ares Management Corp. Class A | Add +31.3% | 0.24% | +0.07 |
| EQIX Equinix Inc. | Add +0.3% | 0.92% | +0.07 |
| GGG Graco Inc. | Add +244.4% | 0.10% | +0.07 |
| FICO Fair Isaac Corp. | Add +0.5% | 0.40% | +0.07 |
| AVGO Broadcom Inc. | Add +11.9% | 0.68% | +0.06 |
| WAT Waters Corp. | Add +70.7% | 0.13% | +0.06 |
| AME Ametek Inc. | Add +72.0% | 0.16% | +0.06 |
| MA Mastercard Inc. Class A | Add +4.8% | 0.82% | +0.06 |
| WRB WR Berkley Corp. | Add +107.5% | 0.11% | +0.06 |
| MSCI MSCI Inc. | Add +2.6% | 0.48% | +0.06 |
| WMT Walmart Inc. | Add +14.9% | 0.27% | +0.06 |
| NFLX Netflix Inc. | Add +13.3% | 0.66% | +0.06 |
| IGF iShares Global Infrastructur | Add +546.8% | 0.06% | +0.06 |
| RPV Invesco S&P 500 Pure Value E | New | 0.06% | +0.06 |
| HD Home Depot Inc. | Add +10.7% | 0.33% | +0.05 |
| RHP Ryman Hospitality Properties | Add +41.9% | 0.18% | +0.05 |
| VNO Vornado Realty Trust | Add +428.3% | 0.06% | +0.05 |
| VLTO Veralto Corp. | Add +207.2% | 0.07% | +0.05 |
| IT Gartner Inc. | Add +5.5% | 0.55% | +0.05 |
| LEN Lennar Corp. Class A | Add +3.6% | 0.29% | +0.05 |
| DHI D.R. Horton Inc. | Add +7.3% | 0.19% | +0.05 |
| ZTS Zoetis Inc. | Add +17.3% | 0.25% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | Add +226.2% | 0.06% | +0.04 |
| BRO Brown & Brown Inc. | Add +0.0% | 0.72% | +0.04 |
| ADSK Autodesk Inc. | Add +12.6% | 0.33% | +0.04 |
| PG The Procter & Gamble Co. | Add +14.7% | 0.45% | +0.04 |
| ABBV Abbvie Inc. | Add +12.3% | 0.27% | +0.04 |
| FWONK Liberty Media Corp. Class C | Add +13.9% | 0.36% | +0.04 |
| UMBF Umb Financial Corp. | Add +403.7% | 0.05% | +0.04 |
| AMD Advanced Micro Devices | Add +30.2% | 0.23% | +0.04 |
| TECK Teck Resources Ltd.-CLS B | Add +21.7% | 0.21% | +0.04 |
| HSY The Hershey Co. | Add +66.7% | 0.10% | +0.04 |
| ENTG Entegris Inc. | Add +130.8% | 0.08% | +0.04 |
Notes & Other Activity Q2 2024 → Q3 2024
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | Reduce -3.4% | 28,578 | $1.8M |
| SEAPORT ENTERTAINMENT GR-RTS | RIGHT 10/10/2024 | New | 18,137 | $54K |
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 |