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 |
TransDigm Group
TDG
|
+$526M |
| 2 |
Icon
ICLR
|
+$483M |
| 3 |
Spotify
SPOT
|
+$389M |
| 4 |
NVIDIA
NVDA
|
+$316M |
| 5 |
Live Nation Entertainment
LYV
|
+$279M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Progressive
PGR
|
+$646M |
| 2 |
Gartner
IT
|
+$445M |
| 3 |
Thermo Fisher Scientific
TMO
|
+$292M |
| 4 |
Vail Resorts
MTN
|
+$244M |
| 5 |
ANSS
Ansys
ANSS
|
+$200M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.13% |
| 2 | Financials | 15.7% |
| 3 | Real Estate | 11.65% |
| 4 | Consumer Discretionary | 11.44% |
| 5 | Industrials | 10.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2026
SI-BONE Inc
SIBN
$834M
| $580K | ﹤0.01% |
+39,373
| New | +$643K |
|
|
FPI
2027
Farmland Partners
FPI
$432M
| $579K | ﹤0.01% |
53,207
+15,332
| +40% | +$168K |
|
2028
Vanguard Morningstar Small-Cap ETF
VB
$82.7B
| $579K | ﹤0.01% |
2,244
+1
| +0% | +$248 |
|
2029
BCE
BCE
$21.2B
| $577K | ﹤0.01% |
24,700
-2,300
| -9% | -$55.4K |
|
2030
Caledonia Mining Corp
CMCL
$420M
| $575K | ﹤0.01% |
+15,887
| New | +$404K |
|
2031
Joby Aviation
JOBY
$8.55B
| $570K | ﹤0.01% |
35,339
+2,502
| +8% | +$38K |
|
2032
TETRA Technologies
TTI
$1.26B
| $567K | ﹤0.01% |
+98,563
| New | +$421K |
|
2033
Gray Television
GTN
$552M
| $560K | ﹤0.01% |
96,841
+14,964
| +18% | +$81.2K |
|
2034
State Street Multi-Asset Real Return ETF
RLY
$1.29B
| $559K | ﹤0.01% |
18,118
| – | – |
|
|
IAS
2035
DELISTED
Integral Ad Science
IAS
| $554K | ﹤0.01% |
54,443
-9,790
| -15% | -$84.8K |
|
2036
SharkNinja
SN
$26.1B
| $550K | ﹤0.01% |
5,336
+2,265
| +74% | +$259K |
|
2037
Unity Bancorp
UNTY
$599M
| $550K | ﹤0.01% |
+11,252
| New | +$572K |
|
2038
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
$3.36B
| $541K | ﹤0.01% |
21,682
+10,010
| +86% | +$245K |
|
2039
iShares US Real Estate ETF
IYR
$4.57B
| $536K | ﹤0.01% |
+5,521
| New | +$531K |
|
2040
DraftKings
DKNG
$11.9B
| $535K | ﹤0.01% |
14,296
-10,367
| -42% | -$460K |
|
2041
Talkspace
TALK
$874M
| $530K | ﹤0.01% |
191,862
+59,042
| +44% | +$153K |
|
2042
MiMedx Group
MDXG
$633M
| $521K | ﹤0.01% |
74,622
+28,924
| +63% | +$201K |
|
|
PBPB
2043
DELISTED
Potbelly
PBPB
| $512K | ﹤0.01% |
+30,048
| New | +$407K |
|
2044
MoonLake Immunotherapeutics
MLTX
$1.55B
| $509K | ﹤0.01% |
+70,943
| New | +$3.7M |
|
|
ESPR
2045
DELISTED
Esperion Therapeutics
ESPR
| $504K | ﹤0.01% |
190,056
-203,234
| -52% | -$393K |
|
2046
Idaho Strategic Resources
IDR
$557M
| $502K | ﹤0.01% |
+14,855
| New | +$351K |
|
2047
Royalty Pharma
RPRX
$25.3B
| $501K | ﹤0.01% |
14,188
-2,116
| -13% | -$76.6K |
|
2048
Varex Imaging
VREX
$523M
| $499K | ﹤0.01% |
40,216
+4,176
| +12% | +$41.4K |
|
2049
Republic Bancorp
RBCAA
$1.95B
| $496K | ﹤0.01% |
+6,863
| New | +$507K |
|
2050
Oil States International
OIS
$491M
| $493K | ﹤0.01% |
+81,371
| New | +$446K |
|
Similar funds
Principal Financial Group's Q3 2025 Portfolio in Review
As of Q3 2025, Principal Financial Group held 2,357 positions worth $198B, up 4.8% from $189B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Principal Financial Group's Q3 2025 filing shows 133 new, 726 increased, 1,371 reduced and 111 closed positions. Its largest new stake was StubHub Holdings: 1,564,000 shares worth $26.3M. The largest sale was Progressive, an estimated $646M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Financials and Real Estate.
- Principal Financial Group's largest Q3 2025 buy was StubHub Holdings: 1,564,000 shares worth $26.3M.
- Principal Financial Group added most to TransDigm Group in Q3 2025, an estimated $526M increase.
- Principal Financial Group's biggest Q3 2025 reduction was Progressive, cutting an estimated $646M.
- Principal Financial Group fully exited Ansys in Q3 2025, selling an estimated $200M.
- Principal Financial Group's ten largest holdings make up 21% of its $198B portfolio in Q3 2025.
- Principal Financial Group opened 133 new positions and closed 111 in Q3 2025.
- Principal Financial Group's portfolio value rose 4.8% quarter-over-quarter to $198B.
Based on Principal Financial Group's 13F filing for Q3 2025, filed 4 Nov 2025.