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 | |
|---|---|---|---|---|---|---|
2026
ActivePassive US Equity ETF
APUE
$2.51B
| $636K | ﹤0.01% |
15,264
+155
| +1% | +$6.41K |
|
2027
monday.com
MNDY
$3.94B
| $630K | ﹤0.01% |
4,271
+1,930
| +82% | +$325K |
|
2028
Lightpath Technologies
LPTH
$820M
| $621K | ﹤0.01% |
57,469
-62,652
| -52% | -$508K |
|
2029
First Business Financial Services
FBIZ
$595M
| $618K | ﹤0.01% |
11,377
+3,392
| +42% | +$177K |
|
2030
Accel Entertainment
ACEL
$987M
| $614K | ﹤0.01% |
53,771
+15,922
| +42% | +$168K |
|
2031
Strategy Inc
MSTR
$38.4B
| $607K | ﹤0.01% |
3,994
-1,976
| -33% | -$455K |
|
2032
Bioventus
BVS
$1.19B
| $605K | ﹤0.01% |
81,371
+25,745
| +46% | +$185K |
|
2033
Caledonia Mining Corp
CMCL
$420M
| $605K | ﹤0.01% |
23,119
+7,232
| +46% | +$213K |
|
2034
Vanguard Morningstar Small-Cap ETF
VB
$82.4B
| $579K | ﹤0.01% |
2,244
| – | – |
|
2035
Acco Brands
ACCO
$407M
| $575K | ﹤0.01% |
154,142
+48,336
| +46% | +$179K |
|
2036
Atlassian
TEAM
$37.8B
| $556K | ﹤0.01% |
3,429
-1,382
| -29% | -$217K |
|
2037
BCE
BCE
$21.2B
| $549K | ﹤0.01% |
23,000
-1,700
| -7% | -$39.6K |
|
2038
Carriage Services
CSV
$569M
| $545K | ﹤0.01% |
12,887
+3,790
| +42% | +$165K |
|
2039
Bumble
BMBL
$373M
| $525K | ﹤0.01% |
146,975
+46,552
| +46% | +$206K |
|
2040
Akebia Therapeutics
AKBA
$252M
| $525K | ﹤0.01% |
325,890
+99,277
| +44% | +$208K |
|
2041
Restaurant Brands International
QSR
$25.8B
| $521K | ﹤0.01% |
7,639
-2,942
| -28% | -$203K |
|
2042
Paysign
PAYS
$705M
| $520K | ﹤0.01% |
100,955
+32,799
| +48% | +$177K |
|
2043
Bowman Consulting
BWMN
$477M
| $511K | ﹤0.01% |
15,482
+4,706
| +44% | +$178K |
|
2044
Riley Exploration Permian
REPX
$758M
| $509K | ﹤0.01% |
19,294
+5,900
| +44% | +$157K |
|
2045
Citi Trends
CTRN
$605M
| $508K | ﹤0.01% |
12,218
-13,937
| -53% | -$550K |
|
2046
Affirm
AFRM
$25.2B
| $505K | ﹤0.01% |
6,782
-2,251
| -25% | -$162K |
|
2047
SS&C Technologies
SSNC
$18.6B
| $504K | ﹤0.01% |
5,760
-2,009
| -26% | -$171K |
|
2048
TAT Technologies
TATT
$515M
| $497K | ﹤0.01% |
11,127
-28,426
| -72% | -$1.16M |
|
2049
Oportun Financial
OPRT
$372M
| $490K | ﹤0.01% |
92,721
+29,703
| +47% | +$157K |
|
|
RNAM
2050
DELISTED
Avidity Biosciences
RNAM
| $481K | ﹤0.01% |
6,668
-1,076
| -14% | -$69.5K |
|
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.