Principal Financial Group Portfolio holdings
Principal Financial Group, founded in 1879 as the Bankers Life Association by Edward Temple and headquartered in Des Moines, Iowa, is a global financial services firm specializing in retirement solutions, insurance, and asset management, overseeing more than $709 billion in assets under management as of late 2024. Serving over 62 million customers across individuals, businesses, and institutions, Principal offers 401(k) plans, group insurance (life, disability, dental), annuities, and investment products through its Principal Global Investors arm, with a strong focus on U.S. and international markets like Asia and Latin America. Known for its stability and customer-centric approach, the publicly traded company (NASDAQ: PFG) under CEO Dan Houston has expanded through acquisitions like Wells Fargo’s retirement business in 2019, emphasizing long-term financial security. With a workforce of over 19,000 and a legacy of resilience, Principal remains a trusted name in retirement and wealth management.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$676M |
| 2 |
Principal Exchange-Traded Funds Principal US Small-Cap ETF
PSC
|
+$336M |
| 3 |
Crown Castle
CCI
|
+$266M |
| 4 |
PIEQ
Principal International Equity ETF
PIEQ
|
+$252M |
| 5 |
NVIDIA
NVDA
|
+$233M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Brookfield
BN
|
+$512M |
| 2 |
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
|
+$420M |
| 3 |
VICI Properties
VICI
|
+$411M |
| 4 |
Equity Residential
EQR
|
+$363M |
| 5 |
Hilton Worldwide
HLT
|
+$303M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.22% |
| 2 | Financials | 15.21% |
| 3 | Real Estate | 11.21% |
| 4 | Consumer Discretionary | 11.2% |
| 5 | Industrials | 10.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
Trimble
TRMB
$13.9B
| $34.6M | 0.02% |
442,056
+3,463
| +0.8% | +$276K |
|
602
Eastman Chemical
EMN
$8.42B
| $34.6M | 0.02% |
541,990
+407,720
| +304% | +$25.1M |
|
603
Jackson Financial
JXN
$8.8B
| $34.6M | 0.02% |
324,005
-12,455
| -4% | -$1.24M |
|
604
Dollar General
DG
$27.9B
| $34.5M | 0.02% |
259,553
+7,260
| +3% | +$810K |
|
|
FITB
605
Fifth Third Bancorp
FITB
$51.8B
| $34.4M | 0.02% |
735,441
-8,476
| -1% | -$373K |
|
|
CALY
606
Callaway Golf Company
CALY
$3.14B
| $34.4M | 0.02% |
2,945,332
+2,271,133
| +337% | +$24M |
|
607
Ulta Beauty
ULTA
$24.3B
| $34.1M | 0.02% |
56,292
+921
| +2% | +$506K |
|
608
Tractor Supply
TSCO
$18B
| $34M | 0.02% |
680,654
-336,951
| -33% | -$18.1M |
|
|
NTSK
609
Netskope Inc
NTSK
$6.01B
| $34M | 0.02% |
1,939,113
+740,724
| +62% | +$15.5M |
|
610
Emcor
EME
$36B
| $33.9M | 0.02% |
55,331
-6,147
| -10% | -$3.98M |
|
611
Occidental Petroleum
OXY
$55.9B
| $33.8M | 0.02% |
821,976
+3,316
| +0.4% | +$138K |
|
612
Qorvo
QRVO
$8.74B
| $33.8M | 0.02% |
399,496
-4,893
| -1% | -$432K |
|
613
Carpenter Technology
CRS
$28.4B
| $33.7M | 0.02% |
107,037
-3,571
| -3% | -$1.07M |
|
614
ATI
ATI
$31B
| $33.5M | 0.02% |
292,144
-13,999
| -5% | -$1.36M |
|
615
Louisiana-Pacific
LPX
$5.49B
| $33.4M | 0.02% |
413,191
-547
| -0.1% | -$46.2K |
|
616
Annaly Capital Management
NLY
$17.4B
| $33.2M | 0.02% |
1,483,746
+57,517
| +4% | +$1.25M |
|
617
Pinterest
PINS
$13.4B
| $33.1M | 0.02% |
1,279,413
+1,259,750
| +6,407% | +$36.3M |
|
618
Moog Inc Class A
MOG.A
$12.8B
| $33.1M | 0.02% |
135,909
-1,514
| -1% | -$332K |
|
619
Carlyle Group
CG
$17.2B
| $33M | 0.02% |
558,049
-20,369
| -4% | -$1.16M |
|
620
Interactive Brokers
IBKR
$39.8B
| $33M | 0.02% |
512,794
+10,902
| +2% | +$730K |
|
621
Liberty Live Group Series A
LLYVA
$9.09B
| $32.8M | 0.02% |
402,017
+17,535
| +5% | +$1.46M |
|
622
MasTec
MTZ
$21.9B
| $32.6M | 0.02% |
150,201
-25,613
| -15% | -$5.38M |
|
623
Repligen
RGEN
$9.25B
| $32.5M | 0.02% |
198,204
+80,778
| +69% | +$12.7M |
|
624
Ameren
AEE
$30.1B
| $32.4M | 0.02% |
324,845
+7,451
| +2% | +$764K |
|
625
CMS Energy
CMS
$22.3B
| $32.4M | 0.02% |
463,633
+31,379
| +7% | +$2.28M |
|
Similar funds
Principal Financial Group's Q4 2025 Portfolio in Review
As of Q4 2025, Principal Financial Group held 2,293 positions worth $196B, down 1.2% from $198B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Principal Financial Group's Q4 2025 filing shows 47 new, 1,001 increased, 1,106 reduced and 113 closed positions. Its largest new stake was Algonquin Power & Utilities: 12,069,980 shares worth $74.3M. The largest sale was Brookfield, an estimated $512M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 21% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q4 2025 buy was Algonquin Power & Utilities: 12,069,980 shares worth $74.3M.
- Principal Financial Group added most to iShares Core S&P 500 ETF in Q4 2025, an estimated $676M increase.
- Principal Financial Group's biggest Q4 2025 reduction was Brookfield, cutting an estimated $512M.
- Principal Financial Group fully exited Americold in Q4 2025, selling an estimated $101M.
- Principal Financial Group's ten largest holdings make up 21% of its $196B portfolio in Q4 2025.
- Principal Financial Group opened 47 new positions and closed 113 in Q4 2025.
- Principal Financial Group's portfolio value fell 1.2% quarter-over-quarter to $196B.
Based on Principal Financial Group's 13F filing for Q4 2025, filed 2 Feb 2026.