Principal Financial Group Portfolio holdings
Principal Financial Group is an insurance and investment management company that began in 1879 as Bankers Life Insurance Company. Its founders were Des Moines bankers, including Edward Temple, its first president, and Simon and Phineas Casady. For businesses, it provides retirement plans and employee benefits. The company has four segments: retirement and income solutions, Principal Global Investors, international operations, and benefits and protection. Its investment arm, Principal Asset Management, was set up in 1994 and manages money for institutional, retirement, retail and wealth clients. In 2019 it bought Wells Fargo's institutional retirement and trust business.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
|
+$1.41B |
| 2 |
Vivmark Residential
VMRK
|
+$667M |
| 3 |
DoorDash
DASH
|
+$565M |
| 4 |
Principal Exchange-Traded Funds Principal US Small-Cap ETF
PSC
|
+$381M |
| 5 |
Spotify
SPOT
|
+$304M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$694M |
| 2 |
AvalonBay Communities
AVB
|
+$664M |
| 3 |
Danaher
DHR
|
+$415M |
| 4 |
Brookfield Infrastructure Partners
BIP
|
+$408M |
| 5 |
Live Nation Entertainment
LYV
|
+$383M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.36% |
| 2 | Financials | 12.96% |
| 3 | Real Estate | 10.5% |
| 4 | Industrials | 8.99% |
| 5 | Consumer Discretionary | 8.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
NVIDIA
NVDA
$4.51T
| $8.58B | 4.4% |
37,551,290
-854,374
| -2% | -$183M |
2013 Q2
53 quarters
|
|
2
Apple
AAPL
$4.98T
| $6.86B | 3.52% |
20,592,401
-859,262
| -4% | -$276M |
2013 Q2
53 quarters
|
|
|
3
Microsoft
MSFT
$3.94T
| $6.28B | 3.22% |
12,240,405
-1,500,424
| -11% | -$694M |
2013 Q2
53 quarters
|
|
|
4
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
$4.82B
| $3.91B | 2.01% |
51,012,359
+18,713,379
| +58% | +$1.41B |
2018 Q4
31 quarters
|
|
5
Amazon
AMZN
$2.8T
| $3.9B | 2% |
15,645,699
-1,439,703
| -8% | -$366M |
2013 Q2
53 quarters
|
|
6
Alphabet (Google) Class A
GOOGL
$3.5T
| $3.71B | 1.91% |
10,796,469
+434,667
| +4% | +$151M |
2015 Q4
43 quarters
|
|
7
Broadcom
AVGO
$1.4T
| $2.97B | 1.52% |
8,460,372
-263,524
| -3% | -$99.2M |
2013 Q2
53 quarters
|
|
8
Meta Platforms (Facebook)
META
$1.56T
| $2.91B | 1.49% |
4,015,016
-51,492
| -1% | -$32.1M |
2013 Q2
53 quarters
|
|
9
Alphabet (Google) Class C
GOOG
$3.49T
| $2.22B | 1.14% |
6,510,240
-661,541
| -9% | -$228M |
2013 Q2
53 quarters
|
|
10
Welltower
WELL
$180B
| $1.98B | 1.02% |
8,597,538
-1,217,083
| -12% | -$288M |
2013 Q2
53 quarters
|
|
11
Brookfield
BN
$92.4B
| $1.97B | 1.01% |
53,996,255
-1,061,099
| -2% | -$43.8M |
2013 Q2
53 quarters
|
|
12
TransDigm Group
TDG
$66.2B
| $1.9B | 0.97% |
1,752,309
+43,180
| +3% | +$51.9M |
2013 Q2
53 quarters
|
|
13
Equinix
EQIX
$100B
| $1.82B | 0.93% |
1,795,840
-106,207
| -6% | -$110M |
2013 Q2
53 quarters
|
|
14
Micron Technology
MU
$781B
| $1.76B | 0.91% |
1,655,877
-19,104
| -1% | -$18.1M |
2013 Q2
53 quarters
|
|
15
Hilton Worldwide
HLT
$82.4B
| $1.68B | 0.86% |
5,281,296
-555,158
| -10% | -$178M |
2014 Q2
49 quarters
|
|
16
JPMorgan Chase
JPM
$888B
| $1.64B | 0.84% |
4,958,925
+135,274
| +3% | +$47.3M |
2013 Q2
53 quarters
|
|
17
Principal Capital Appreciation Select ETF
LCAP
$1.8B
| $1.64B | 0.84% |
48,735,412
+173,446
| +0.4% | +$5.81M |
2025 Q1
6 quarters
|
|
18
iShares Core S&P 500 ETF
IVV
$847B
| $1.64B | 0.84% |
2,140,842
-282,519
| -12% | -$216M |
2013 Q2
53 quarters
|
|
19
HEICO Corp Class A
HEI.A
$35B
| $1.62B | 0.83% |
7,110,643
-597,168
| -8% | -$149M |
2015 Q2
45 quarters
|
|
20
Visa
V
$790B
| $1.59B | 0.81% |
4,416,033
-277,180
| -6% | -$101M |
2013 Q2
53 quarters
|
|
21
Eli Lilly
LLY
$1.21T
| $1.53B | 0.78% |
1,321,534
+65,815
| +5% | +$77.7M |
2013 Q2
53 quarters
|
|
22
KKR & Co
KKR
$86.6B
| $1.52B | 0.78% |
16,616,378
-3,060,731
| -16% | -$312M |
2015 Q2
45 quarters
|
|
23
Advanced Micro Devices
AMD
$736B
| $1.43B | 0.74% |
2,344,686
+303,740
| +15% | +$156M |
2013 Q2
53 quarters
|
|
24
Teck Resources
TECK
$29.7B
| $1.41B | 0.72% |
21,296,760
-1,703,473
| -7% | -$109M |
2022 Q1
18 quarters
|
|
25
Tesla
TSLA
$1.42T
| $1.35B | 0.69% |
3,794,434
+13,206
| +0.3% | +$4.73M |
2016 Q2
41 quarters
|
|
Similar funds
Principal Financial Group's Q3 2026 Portfolio in Review
As of Q3 2026, Principal Financial Group held 2,339 positions worth $195B, down 4.3% from $204B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Principal Financial Group withdrew a net $6.56B in Q3 2026, closing 105 positions and reducing 1,140 holdings. Its most notable exit was AvalonBay Communities, an estimated $664M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Financials and Real Estate.
Against the trend, Principal Financial Group opened a new position in Vanguard Information Technology ETF worth $145M.
- Principal Financial Group's largest Q3 2026 buy was Vanguard Information Technology ETF: 1,150,150 shares worth $145M.
- Principal Financial Group added most to Principal Exchange-Traded Funds Principal US Mega-Cap ETF in Q3 2026, an estimated $1.41B increase.
- Principal Financial Group's biggest Q3 2026 reduction was Microsoft, cutting an estimated $694M.
- Principal Financial Group fully exited AvalonBay Communities in Q3 2026, selling an estimated $664M.
- Principal Financial Group's ten largest holdings make up 22% of its $195B portfolio in Q3 2026.
- Principal Financial Group opened 185 new positions and closed 105 in Q3 2026.
- Principal Financial Group's portfolio value fell 4.3% quarter-over-quarter to $195B.
Based on Principal Financial Group's 13F filing for Q3 2026, filed 2 Nov 2026.