PRINCIPAL FINANCIAL GROUP IN PFG
COM · Common Stock · CUSIP 74251V102 · ISIN US74251V1026
Financial services company
- SectorFinancials
- IndustryAccident & Health Insurance
- HeadquartersDes Moines, IA
- Founded1879
- Websiteprincipal.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($41.3m this quarter). Holder counts are more reliable. Shares outstanding: 231.6m as of 2024-07-23, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $78.44. Options: 11 managers hold calls ($21.2m notional), 12 hold puts ($18.7m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 706 |
| Q4 2022 | 782 |
| Q1 2023 | 745 |
| Q2 2023 | 731 |
| Q3 2023 | 723 |
| Q4 2023 | 757 |
| Q1 2024 | 765 |
| Q2 2024 | 797 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 374 | 283 |
| Q1 2023 | 344 | 339 |
| Q2 2023 | 271 | 364 |
| Q3 2023 | 273 | 347 |
| Q4 2023 | 294 | 359 |
| Q1 2024 | 326 | 335 |
| Q2 2024 | 367 | 309 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $17.4m | $10.1m | 0.58 |
| Q4 2023 | $13.2m | $12.7m | 0.96 |
| Q1 2024 | $19.7m | $21.1m | 1.07 |
| Q2 2024 | $21.2m | $18.7m | 0.88 |
Biggest buyers
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +483.5k |
| BlackRock Inc. | Added | +331.2k |
| DEUTSCHE BANK AG\ | Added | +298.3k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +284.1k |
| NORGES BANK | Added | +271.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | New | +251.1k |
| JANE STREET GROUP, LLC | Added | +182.3k |
| JPMORGAN CHASE & CO | Added | +145.8k |
| CITIGROUP INC | Added | +143.6k |
| Verition Fund Management LLC | Added | +135.3k |
Biggest sellers
| MORGAN STANLEY | Reduced | -5.2m |
| CITADEL ADVISORS LLC | Reduced | -644.1k |
| Amundi | Reduced | -553.2k |
| MARSHALL WACE, LLP | Reduced | -471.5k |
| Point72 Asset Management, L.P. | Reduced | -420.2k |
| HRT FINANCIAL LP | Reduced | -334.1k |
| Man Group plc | Reduced | -296.6k |
| VANGUARD GROUP INC | Reduced | -287.7k |
| BANK OF AMERICA CORP /DE/ | Reduced | -251.4k |
| TUDOR INVESTMENT CORP ET AL | Reduced | -245.2k |
Biggest calls
| Maven Securities LTD | New | $6.4m82.2k shares |
| CITADEL ADVISORS LLC | Reduced | $6.1m78.3k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $2.7m35.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.2m27.8k shares |
| Walleye Capital LLC | Reduced | $1.7m21.8k shares |
| SIMPLEX TRADING, LLC | Added | $823.0k10.5k shares |
| JANE STREET GROUP, LLC | Reduced | $407.9k5.2k shares |
| WOLVERINE TRADING, LLC | Reduced | $353.0k4.5k shares |
| GTS SECURITIES LLC | Added | $353.0k4.5k shares |
| GROUP ONE TRADING LLC | Unchanged | $70.6k900 shares |
Biggest puts
| Walleye Capital LLC | Reduced | $8.2m103.9k shares |
| Maven Securities LTD | New | $4.7m59.3k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $2.7m35.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $839.4k10.7k shares |
| SIMPLEX TRADING, LLC | Added | $729.0k9.3k shares |
| CITADEL ADVISORS LLC | Reduced | $423.6k5.4k shares |
| GTS SECURITIES LLC | New | $376.6k4.8k shares |
| JANE STREET GROUP, LLC | New | $313.8k4.0k shares |
| WOLVERINE TRADING, LLC | New | $282.4k3.6k shares |
| Banco BTG Pactual S.A. | New | $203.8k2.5k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2026-04-24 | 9.0% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.2% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 4 | $5.1m | — |
| Q4 2022 | 0 | — | 1 | $1.2m | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.04% of their portfolio | 27.7m $2.2bn | Reduced -287.7k |
| BlackRock Inc. 0.04% of their portfolio | 19.8m $1.6bn | Added +331.2k |
| NIPPON LIFE INSURANCE CO 62.53% of their portfolio | 18.1m $1.4bn | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.08% of their portfolio | 10.7m $840.7m | Reduced -251.4k |
| STATE STREET CORP 0.03% of their portfolio | 9.6m $749.8m | Reduced -99.0k |
| Capital Research Global Investors 0.11% of their portfolio | 6.6m $518.1m | Added +1.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 5.4m $424.8m | Added +26.1k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 4.7m $365.6m | Added +145.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.06% of their portfolio | 4.4m $347.9m | Reduced -48.8k |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 3.9m $306.4m | Added +39.9k |
| NORTHERN TRUST CORP 0.05% of their portfolio | 3.5m $273.8m | Reduced -90.7k |
| NORGES BANK 0.04% of their portfolio | 3.3m $255.1m | Added +271.2k |
| MORGAN STANLEY 0.02% of their portfolio | 2.9m $225.0m | Reduced -5.2m |
| Invesco Ltd. 0.04% of their portfolio | 2.6m $204.4m | Reduced -76.4k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 1.9m $149.3m | Added +53.5k |
| Legal & General Group Plc 0.04% of their portfolio | 1.7m $136.2m | Reduced -102.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 1.7m $131.7m | Added +483.5k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.5m $116.9m | Added +103.7k |
| HSBC HOLDINGS PLC 0.07% of their portfolio | 1.4m $113.4m | Reduced -17.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.4m $108.6m | Added +20.9k |
| MAIRS & POWER INC 0.92% of their portfolio | 1.2m $94.8m | Reduced -20.3k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 1.1m $86.1m | Reduced -34.5k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 1.0m $78.8m | Added +298.3k |
| UBS Group AG 0.02% of their portfolio | 874.5k $68.6m | Reduced -67.4k |
| Amundi 0.03% of their portfolio | 853.7k $67.6m | Reduced -553.2k |
| BARCLAYS PLC 0.03% of their portfolio | 718.5k $56.4m | Reduced -117.4k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 716.6k $56.2m | Reduced -55.1k |
| Swiss National Bank 0.04% of their portfolio | 696.2k $54.6m | Reduced -17.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.19% of their portfolio | 664.3k $52.1m | Reduced -30.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 571.5k $44.8m | Reduced -121.2k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 557.3k $43.7m | Reduced -54.7k |
| FMR LLC 0.00% of their portfolio | 523.5k $41.1m | Added +1.2k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 478.1k $37.5m | Added +2.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 434.7k $34.1m | Reduced -5.2k |
| AustralianSuper Pty Ltd 0.19% of their portfolio | 424.6k $33.3m | Added +49.4k |
| California Public Employees Retirement System 0.02% of their portfolio | 413.6k $32.4m | Reduced -19.1k |
| National Pension Service 0.04% of their portfolio | 410.0k $32.2m | Added +3.9k |
| NORTH STAR ASSET MANAGEMENT INC 1.48% of their portfolio | 397.8k $31.2m | Reduced -920 |
| TRUST POINT INC. 2.42% of their portfolio | 384.9k $30.2m | Unchanged |
| Man Group plc 0.08% of their portfolio | 382.5k $30.0m | Reduced -296.6k |
| Verition Fund Management LLC 0.23% of their portfolio | 376.8k $29.6m | Added +135.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 373.0k $29.3m | Reduced -17.0k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.19% of their portfolio | 371.9k $29.2m | Reduced -2.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 368.3k $28.9m | Added +30.4k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 357.3k $28.6m | Added +120.1k |
| ACADIAN ASSET MANAGEMENT LLC 0.09% of their portfolio | 354.4k $27.8m | Added +284.1k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 318.4k $25.0m | Reduced -42.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 307.9k $24.2m | Added +6.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 304.2k $23.9m | Added +29.7k |
| INTECH INVESTMENT MANAGEMENT LLC 0.29% of their portfolio | 298.6k $23.4m | Added +63.7k |
| CITIGROUP INC 0.02% of their portfolio | 291.0k $22.8m | Added +143.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 264.6k $20.8m | Reduced -32.3k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 261.5k $20.5m | Reduced -15.4k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 251.3k $19.7m | Reduced -2.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 251.1k $19.7m | New |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 232.6k $18.2m | Added +182.3k |
| ExodusPoint Capital Management, LP 0.20% of their portfolio | 232.1k $18.2m | Added +86.3k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 227.8k $17.9m | Added +46.8k |
| AMF Tjanstepension AB 0.13% of their portfolio | 225.8k $17.7m | Reduced -82.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 224.5k $17.6m | Reduced -7.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 223.8k $17.6m | Reduced -7.0k |
| STOREBRAND ASSET MANAGEMENT AS 0.06% of their portfolio | 212.7k $16.7m | Reduced -18.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 208.0k $16.3m | Reduced -19.7k |
| GW HENSSLER & ASSOCIATES LTD 0.96% of their portfolio | 202.3k $15.9m | Added +719 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 196.4k $15.4m | Added +6.9k |
| Sound Income Strategies, LLC 0.96% of their portfolio | 195.2k $15.3m | Added +13.4k |
| SG Americas Securities, LLC 0.09% of their portfolio | 178.6k $14.0m | Added +65.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 177.7k $13.9m | Added +664 |
| Swiss Life Asset Management Ltd 0.16% of their portfolio | 177.6k $13.9m | Added +9.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio | 171.1k $13.4m | Added +3.3k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 166.1k $13.0m | Added +65.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 164.1k $12.9m | Added +197 |
| PNC Financial Services Group, Inc. 0.01% of their portfolio | 163.8k $12.9m | Reduced -37.5k |
| Swedbank AB 0.02% of their portfolio | 162.2k $12.7m | Unchanged |
| Interval Partners, LP 0.36% of their portfolio | 155.9k $12.2m | Added +82.8k |
| BANK OF NOVA SCOTIA 0.02% of their portfolio | 146.4k $11.5m | Added +35.6k |
| Cambria Investment Management, L.P. 0.69% of their portfolio | 144.9k $11.4m | Added +3.5k |
| State of Tennessee, Department of Treasury 0.04% of their portfolio | 144.3k $11.3m | Reduced -2.6k |
| Brandywine Global Investment Management, LLC 0.08% of their portfolio | 138.4k $10.9m | Added +4.6k |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 136.9k $10.7m | Reduced -20.3k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 131.2k $10.3m | Reduced -1.9k |
| Illinois Municipal Retirement Fund 0.16% of their portfolio | 130.6k $10.2m | Added +15.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 130.2k $10.2m | Reduced -3.9k |
| Squarepoint Ops LLC 0.04% of their portfolio | 127.4k $10.0m | Added +25.2k |
| Goelzer Investment Management, Inc. 0.55% of their portfolio | 125.8k $9.9m | Reduced -1.2k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 123.3k $9.7m | Added +70.9k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 121.6k $9.5m | Reduced -4.5k |
| AMG National Trust Bank 0.26% of their portfolio | 120.8k $9.5m | Added +20.2k |
| AVIVA PLC 0.03% of their portfolio | 119.5k $9.4m | Added +20.2k |
| CAPITAL MANAGEMENT CORP /VA 1.85% of their portfolio | 117.8k $9.2m | Added +19.0k |
| AE Wealth Management LLC 0.09% of their portfolio | 117.8k $9.2m | Reduced -33.3k |
| Chevy Chase Trust Holdings, LLC 0.03% of their portfolio | 117.7k $9.2m | Reduced -3.7k |
| TUDOR INVESTMENT CORP ET AL 0.10% of their portfolio | 117.6k $9.2m | Reduced -245.2k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.04% of their portfolio | 115.0k $9.0m | Reduced -14.9k |
| Mitsubishi UFJ Trust & Banking Corp 0.02% of their portfolio | 111.2k $8.7m | Reduced -14.0k |
| NewSquare Capital LLC 0.72% of their portfolio | 107.6k $8.3m | Added +5.1k |
| TORONTO DOMINION BANK 0.01% of their portfolio | 107.0k $8.4m | Reduced -87.4k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio | 105.0k $8.2m | New |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.07% of their portfolio | 104.5k $8.2m | Reduced -34 |
| Treasurer of the State of North Carolina 0.03% of their portfolio | 104.4k $8.2m | Reduced -4.5k |