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 | |
|---|---|---|---|---|---|---|
1976
ProShares DJ Brookfield Global Infrastructure ETF
TOLZ
$174M
| $870K | ﹤0.01% |
16,063
| – | – |
|
1977
Viant Technology
DSP
$265M
| $862K | ﹤0.01% |
71,586
+23,630
| +49% | +$236K |
|
1978
Cooper-Standard Automotive
CPS
$558M
| $860K | ﹤0.01% |
26,207
+8,088
| +45% | +$263K |
|
|
SOBO
1979
South Bow Corp
SOBO
$7.43B
| $852K | ﹤0.01% |
30,954
+2,500
| +9% | +$67.9K |
|
1980
Unity Bancorp
UNTY
$599M
| $852K | ﹤0.01% |
16,478
+5,226
| +46% | +$260K |
|
1981
Energy Recovery
ERII
$443M
| $850K | ﹤0.01% |
63,038
+19,157
| +44% | +$290K |
|
1982
Ardmore Shipping
ASC
$683M
| $838K | ﹤0.01% |
79,089
+25,109
| +47% | +$299K |
|
1983
SoFi Technologies
SOFI
$23.7B
| $837K | ﹤0.01% |
31,967
-197,544
| -86% | -$5.5M |
|
1984
iRadimed
IRMD
$1.18B
| $826K | ﹤0.01% |
8,487
+2,560
| +43% | +$220K |
|
1985
Barrett Business Services
BBSI
$804M
| $819K | ﹤0.01% |
22,629
+6,737
| +42% | +$258K |
|
1986
Paysafe
PSFE
$375M
| $818K | ﹤0.01% |
101,168
+32,807
| +48% | +$318K |
|
1987
Golar LNG
GLNG
$5.13B
| $812K | ﹤0.01% |
21,823
-1,311
| -6% | -$50.1K |
|
|
AXIA
1988
DELISTED
AXIA Energia
AXIA
| $804K | ﹤0.01% |
87,755
-13,936
| -14% | -$121K |
|
1989
Oil States International
OIS
$491M
| $802K | ﹤0.01% |
118,497
+37,126
| +46% | +$238K |
|
1990
Pinduoduo
PDD
$131B
| $790K | ﹤0.01% |
+6,971
| New | +$865K |
|
1991
Zscaler
ZS
$27.3B
| $772K | ﹤0.01% |
3,434
-823
| -19% | -$232K |
|
1992
D-Wave Quantum Inc. Common Stock
QBTS
$7.73B
| $763K | ﹤0.01% |
29,172
+5,513
| +23% | +$161K |
|
1993
Vitesse Energy
VTS
$665M
| $762K | ﹤0.01% |
39,564
+12,186
| +45% | +$260K |
|
1994
Nathan's Famous
NATH
$402M
| $759K | ﹤0.01% |
8,115
+2,639
| +48% | +$265K |
|
|
NAGE
1995
Niagen Bioscience
NAGE
$247M
| $755K | ﹤0.01% |
118,649
+38,180
| +47% | +$266K |
|
|
FPI
1996
Farmland Partners
FPI
$432M
| $752K | ﹤0.01% |
77,628
+24,421
| +46% | +$245K |
|
1997
Flutter Entertainment
FLUT
$16.4B
| $750K | ﹤0.01% |
3,487
-1,943
| -36% | -$437K |
|
|
CBL
1998
CBL Properties
CBL
$1.75B
| $742K | ﹤0.01% |
20,053
+5,965
| +42% | +$195K |
|
1999
First Financial Corp
THFF
$969M
| $736K | ﹤0.01% |
12,180
+3,711
| +44% | +$214K |
|
2000
CAE Inc. Common Shares
CAE
$8.74B
| $731K | ﹤0.01% |
24,000
-1,800
| -7% | -$50.5K |
|
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.