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 | |
|---|---|---|---|---|---|---|
126
Caterpillar
CAT
$387B
| $325M | 0.17% |
566,459
-20,910
| -4% | -$11.6M |
|
127
Moody's
MCO
$82.7B
| $320M | 0.16% |
627,123
-20,588
| -3% | -$10M |
|
128
PNC Financial Services
PNC
$101B
| $320M | 0.16% |
1,531,187
-253,704
| -14% | -$49M |
|
|
129
Crown Castle
CCI
$32.2B
| $318M | 0.16% |
3,581,154
+2,895,756
| +422% | +$266M |
|
|
SCHW
130
Charles Schwab
SCHW
$187B
| $318M | 0.16% |
3,184,653
-1,243,678
| -28% | -$118M |
|
131
RTX Corp
RTX
$301B
| $318M | 0.16% |
1,733,329
+40,005
| +2% | +$6.95M |
|
132
IBM
IBM
$224B
| $318M | 0.16% |
1,072,871
+38,803
| +4% | +$11.6M |
|
|
WCN
133
Waste Connections
WCN
$42B
| $317M | 0.16% |
1,808,741
-123,945
| -6% | -$21.4M |
|
134
Intuitive Surgical
ISRG
$134B
| $312M | 0.16% |
550,872
-7,279
| -1% | -$3.88M |
|
135
Agree Realty
ADC
$9.41B
| $309M | 0.16% |
4,293,556
+1,918,427
| +81% | +$140M |
|
136
Citigroup
C
$226B
| $306M | 0.16% |
2,622,877
-590,817
| -18% | -$61.4M |
|
137
Goldman Sachs
GS
$303B
| $305M | 0.16% |
346,826
+8,073
| +2% | +$6.59M |
|
138
D.R. Horton
DHI
$42.3B
| $303M | 0.15% |
2,106,858
-162,699
| -7% | -$24.8M |
|
139
American Express
AXP
$230B
| $303M | 0.15% |
818,057
+208,769
| +34% | +$74.7M |
|
140
Perimeter Solutions
PRM
$5.77B
| $299M | 0.15% |
10,879,001
-133,788
| -1% | -$3.38M |
|
|
CCC
141
CCC Intelligent Solutions
CCC
$4.08B
| $291M | 0.15% |
36,659,010
-1,646,145
| -4% | -$13.4M |
|
142
AppFolio
APPF
$7.04B
| $290M | 0.15% |
1,245,949
+79,197
| +7% | +$18.8M |
|
143
HCA Healthcare
HCA
$89.5B
| $281M | 0.14% |
601,132
-91,279
| -13% | -$42.4M |
|
144
Philip Morris
PM
$295B
| $279M | 0.14% |
1,740,697
+42,773
| +3% | +$6.63M |
|
145
Brookfield Renewable
BEP
$9.96B
| $278M | 0.14% |
10,305,148
+177,599
| +2% | +$5.05M |
|
146
Marathon Petroleum
MPC
$83.7B
| $269M | 0.14% |
1,654,472
-232,376
| -12% | -$43.4M |
|
147
Verisk Analytics
VRSK
$25B
| $260M | 0.13% |
1,161,685
-34,775
| -3% | -$7.85M |
|
148
Zoetis
ZTS
$30B
| $259M | 0.13% |
2,057,780
-135,282
| -6% | -$17.6M |
|
149
KLA
KLAC
$259B
| $258M | 0.13% |
2,127,380
-39,900
| -2% | -$4.68M |
|
150
Sherwin-Williams
SHW
$89.8B
| $254M | 0.13% |
782,346
-86,039
| -10% | -$28.8M |
|
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.