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 |
LCAP
Principal Capital Appreciation Select ETF
LCAP
|
+$1.46B |
| 2 |
Vale
VALE
|
+$389M |
| 3 |
Spotify
SPOT
|
+$293M |
| 4 |
Principal Spectrum Preferred Securities Active ETF
PREF
|
+$249M |
| 5 |
Qiagen
QGEN
|
+$247M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Copart
CPRT
|
+$986M |
| 2 |
Amazon
AMZN
|
+$518M |
| 3 |
Microsoft
MSFT
|
+$516M |
| 4 |
CoStar Group
CSGP
|
+$478M |
| 5 |
HDFC Bank
HDB
|
+$412M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.51% |
| 2 | Financials | 13.62% |
| 3 | Real Estate | 11.21% |
| 4 | Industrials | 10.06% |
| 5 | Consumer Discretionary | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Bank of America
BAC
$436B
| $818M | 0.4% |
14,362,582
-49,581
| -0.3% | -$2.64M |
|
52
Arthur J. Gallagher & Co
AJG
$64.5B
| $802M | 0.39% |
3,494,796
+252,708
| +8% | +$53.7M |
|
53
Netflix
NFLX
$320B
| $787M | 0.39% |
11,027,249
-342,151
| -3% | -$30.1M |
|
54
GE Aerospace
GE
$347B
| $765M | 0.38% |
2,047,839
+95,556
| +5% | +$29.9M |
|
55
Liberty Media Series C
FWONK
$23.8B
| $761M | 0.37% |
7,996,585
-937,773
| -10% | -$83.9M |
|
56
LPL Financial
LPLA
$27.6B
| $756M | 0.37% |
2,684,964
+48,420
| +2% | +$14.5M |
|
57
Intel
INTC
$552B
| $740M | 0.36% |
5,301,170
+67,748
| +1% | +$6.85M |
|
|
58
Spotify
SPOT
$109B
| $736M | 0.36% |
1,603,274
+613,607
| +62% | +$293M |
|
59
Applied Materials
AMAT
$375B
| $729M | 0.36% |
1,008,591
+28,982
| +3% | +$13.4M |
|
60
Coca-Cola
KO
$380B
| $710M | 0.35% |
8,737,836
+987,181
| +13% | +$78M |
|
61
Caterpillar
CAT
$378B
| $706M | 0.35% |
662,735
-3,571
| -0.5% | -$3.14M |
|
62
American Homes 4 Rent
AMH
$11.6B
| $694M | 0.34% |
20,691,697
+1,754,299
| +9% | +$55.5M |
|
63
AbbVie
ABBV
$440B
| $675M | 0.33% |
2,684,208
-147,428
| -5% | -$31.7M |
|
64
Procter & Gamble
PG
$338B
| $673M | 0.33% |
4,588,494
-157,910
| -3% | -$23M |
|
65
Digital Realty Trust
DLR
$70.3B
| $673M | 0.33% |
3,746,513
+41,520
| +1% | +$7.95M |
|
66
Walmart Inc
WMT
$841B
| $670M | 0.33% |
5,917,839
-10,944
| -0.2% | -$1.36M |
|
|
AVB
67
DELISTED
AvalonBay Communities
AVB
| $664M | 0.33% |
3,518,162
-923,437
| -21% | -$167M |
|
68
Moody's
MCO
$83.3B
| $662M | 0.33% |
1,461,325
+379,518
| +35% | +$170M |
|
69
Regency Centers
REG
$13.9B
| $634M | 0.31% |
7,952,827
-2,051,969
| -21% | -$161M |
|
70
MSCI
MSCI
$40.1B
| $631M | 0.31% |
1,127,265
-219,774
| -16% | -$128M |
|
71
Merck
MRK
$366B
| $611M | 0.3% |
4,751,479
+41,537
| +0.9% | +$4.86M |
|
72
Essex Property Trust
ESS
$17.8B
| $610M | 0.3% |
2,092,902
+424,866
| +25% | +$114M |
|
73
Brookfield Asset Management
BAM
$78.1B
| $608M | 0.3% |
13,551,754
+816,207
| +6% | +$38.5M |
|
74
Markel Group
MKL
$22.1B
| $601M | 0.3% |
307,791
-94,085
| -23% | -$176M |
|
75
Morgan Stanley
MS
$340B
| $593M | 0.29% |
2,836,822
-185,144
| -6% | -$36.7M |
|
Similar funds
Principal Financial Group's Q2 2026 Portfolio in Review
As of Q2 2026, Principal Financial Group held 2,280 positions worth $204B, up 8.8% from $187B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Principal Financial Group's Q2 2026 filing shows 103 new, 1,079 increased, 946 reduced and 126 closed positions. Its largest new stake was Blackstone Digital Infrastructure Trust: 8,158,773 shares worth $176M. The largest sale was Copart, an estimated $986M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 20% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q2 2026 buy was Blackstone Digital Infrastructure Trust: 8,158,773 shares worth $176M.
- Principal Financial Group added most to Principal Capital Appreciation Select ETF in Q2 2026, an estimated $1.46B increase.
- Principal Financial Group's biggest Q2 2026 reduction was Copart, cutting an estimated $986M.
- Principal Financial Group fully exited CCC Intelligent Solutions in Q2 2026, selling an estimated $227M.
- Principal Financial Group's ten largest holdings make up 19% of its $204B portfolio in Q2 2026.
- Principal Financial Group opened 103 new positions and closed 126 in Q2 2026.
- Principal Financial Group's portfolio value rose 8.8% quarter-over-quarter to $204B.
Based on Principal Financial Group's 13F filing for Q2 2026, filed 4 Aug 2026.