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 | |
|---|---|---|---|---|---|---|
|
ESPR
1951
DELISTED
Esperion Therapeutics
ESPR
| $1.02M | ﹤0.01% |
276,292
+86,236
| +45% | +$279K |
|
1952
Talkspace
TALK
$874M
| $1.02M | ﹤0.01% |
281,502
+89,640
| +47% | +$284K |
|
1953
Helen of Troy
HELE
$693M
| $1.01M | ﹤0.01% |
47,427
-94,188
| -67% | -$1.92M |
|
1954
JPMorgan BetaBuilders US Equity ETF
BBUS
$9.22B
| $1M | ﹤0.01% |
+8,112
| New | +$993K |
|
1955
Clearfield
CLFD
$374M
| $999K | ﹤0.01% |
34,257
+11,005
| +47% | +$354K |
|
|
CMRC
1956
Commerce.com Inc Series 1
CMRC
$184M
| $987K | ﹤0.01% |
239,496
+78,419
| +49% | +$361K |
|
1957
Principal Investment Grade Corporate Active ETF
IG
$203M
| $981K | ﹤0.01% |
47,103
| – | – |
|
1958
WesBanco
WSBC
$4B
| $979K | ﹤0.01% |
29,448
-2,085
| -7% | -$67.4K |
|
1959
Old Second Bancorp
OSBC
$1.29B
| $971K | ﹤0.01% |
49,782
+14,820
| +42% | +$277K |
|
1960
Navigator Holdings
NVGS
$1.28B
| $970K | ﹤0.01% |
56,011
+17,496
| +45% | +$292K |
|
1961
Pennant Group
PNTG
$1.36B
| $952K | ﹤0.01% |
33,814
+10,190
| +43% | +$271K |
|
1962
VTEX
VTEX
$713M
| $939K | ﹤0.01% |
249,679
+81,970
| +49% | +$336K |
|
1963
iShares MSCI USA Quality Factor ETF
QUAL
$48.1B
| $934K | ﹤0.01% |
4,701
| – | – |
|
1964
Expro Ltd
XPRO
$1.91B
| $926K | ﹤0.01% |
69,398
+18,541
| +36% | +$250K |
|
1965
Douglas Dynamics
PLOW
$1.02B
| $923K | ﹤0.01% |
28,265
+8,577
| +44% | +$271K |
|
1966
Byrna Technologies
BYRN
$101M
| $906K | ﹤0.01% |
53,965
+17,591
| +48% | +$342K |
|
1967
Neuropace
NPCE
$506M
| $902K | ﹤0.01% |
58,418
+18,914
| +48% | +$253K |
|
1968
Rigel Pharmaceuticals
RIGL
$750M
| $891K | ﹤0.01% |
20,803
+6,446
| +45% | +$243K |
|
1969
Phreesia
PHR
$773M
| $891K | ﹤0.01% |
52,657
+15,639
| +42% | +$323K |
|
1970
Repay Holdings
RPAY
$327M
| $890K | ﹤0.01% |
243,723
+78,782
| +48% | +$316K |
|
1971
Intrepid Potash
IPI
$469M
| $889K | ﹤0.01% |
32,047
+10,440
| +48% | +$281K |
|
1972
IBEX
IBEX
$499M
| $887K | ﹤0.01% |
23,243
+7,423
| +47% | +$275K |
|
1973
Idaho Strategic Resources
IDR
$557M
| $881K | ﹤0.01% |
21,869
+7,014
| +47% | +$268K |
|
1974
Janus International
JBI
$757M
| $879K | ﹤0.01% |
134,349
+39,891
| +42% | +$311K |
|
1975
Simulations Plus
SLP
$371M
| $872K | ﹤0.01% |
47,823
+15,424
| +48% | +$271K |
|
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.