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 | |
|---|---|---|---|---|---|---|
1051
Voya Financial
VOYA
$9.09B
| $15.3M | 0.01% |
204,754
-9,372
| -4% | -$683K |
|
1052
Grupo Aeroportuario del Pacifico
PAC
$12.9B
| $15.2M | 0.01% |
57,680
+5,127
| +10% | +$1.19M |
|
1053
Option Care Health
OPCH
$3.67B
| $15.2M | 0.01% |
476,852
+26,654
| +6% | +$782K |
|
|
LADR
1054
Ladder Capital
LADR
$1.22B
| $15.2M | 0.01% |
1,382,057
-57,185
| -4% | -$621K |
|
1055
Texas Capital Bancshares
TCBI
$4.32B
| $15.1M | 0.01% |
167,227
+64,084
| +62% | +$5.63M |
|
1056
Chefs' Warehouse
CHEF
$4.44B
| $15.1M | 0.01% |
242,901
+41,226
| +20% | +$2.48M |
|
1057
ACM Research
ACMR
$5.49B
| $15.1M | 0.01% |
383,129
+46,136
| +14% | +$1.72M |
|
1058
Lantheus
LNTH
$6.59B
| $15.1M | 0.01% |
227,075
+20,603
| +10% | +$1.2M |
|
|
OPLN
1059
Openlane
OPLN
$4.58B
| $15.1M | 0.01% |
506,412
-6,893
| -1% | -$186K |
|
1060
Duolingo
DUOL
$6.42B
| $15M | 0.01% |
85,698
-2,109
| -2% | -$497K |
|
1061
IDEX
IEX
$17.2B
| $15M | 0.01% |
84,255
-3,755
| -4% | -$642K |
|
1062
Maximus
MMS
$2.9B
| $14.9M | 0.01% |
173,168
+13,758
| +9% | +$1.18M |
|
1063
First Hawaiian
FHB
$3.32B
| $14.9M | 0.01% |
587,823
-10,060
| -2% | -$250K |
|
1064
UiPath
PATH
$8.08B
| $14.8M | 0.01% |
905,100
+889,702
| +5,778% | +$13.8M |
|
1065
Axalta
AXTA
$8.01B
| $14.8M | 0.01% |
459,025
-22,327
| -5% | -$655K |
|
1066
Middleby
MIDD
$5.89B
| $14.8M | 0.01% |
99,745
-3,959
| -4% | -$520K |
|
1067
STAG Industrial
STAG
$7.09B
| $14.8M | 0.01% |
401,743
-12,959
| -3% | -$492K |
|
1068
First Interstate BancSystem
FIBK
$3.56B
| $14.8M | 0.01% |
+426,632
| New | +$14M |
|
1069
Provident Financial Services
PFS
$3.17B
| $14.8M | 0.01% |
747,119
+39,002
| +6% | +$754K |
|
1070
Murphy USA
MUSA
$10.2B
| $14.7M | 0.01% |
36,535
-2,345
| -6% | -$900K |
|
1071
Hayward Holdings
HAYW
$3.27B
| $14.6M | 0.01% |
947,731
-8,642
| -0.9% | -$137K |
|
1072
Albertsons Companies
ACI
$5.89B
| $14.6M | 0.01% |
850,937
-44,531
| -5% | -$794K |
|
1073
Commerce Bancshares
CBSH
$8.44B
| $14.6M | 0.01% |
278,174
-11,278
| -4% | -$590K |
|
1074
Alarm.com
ALRM
$2.79B
| $14.6M | 0.01% |
285,237
+15,042
| +6% | +$767K |
|
1075
Masco
MAS
$14.7B
| $14.5M | 0.01% |
229,259
-9,915
| -4% | -$643K |
|
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.