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 |
VMRK
Vivmark Residential
VMRK
|
+$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 | 11.19% |
| 5 | Industrials | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$5.54T
| $7.19B | 3.67% |
38,551,197
+1,251,321
| +3% | +$233M |
2013 Q2
50 quarters
|
|
2
Microsoft
MSFT
$3.97T
| $7.19B | 3.67% |
14,858,135
-166,038
| -1% | -$83.2M |
2013 Q2
50 quarters
|
|
3
Apple
AAPL
$4.91T
| $5.71B | 2.91% |
20,994,069
+126,829
| +0.6% | +$34M |
2013 Q2
50 quarters
|
|
4
Amazon
AMZN
$2.83T
| $4.53B | 2.31% |
19,608,246
-1,152,167
| -6% | -$264M |
2013 Q2
50 quarters
|
|
5
Alphabet (Google) Class A
GOOGL
$4.3T
| $3.46B | 1.77% |
11,047,927
-210,142
| -2% | -$60M |
2015 Q4
40 quarters
|
|
|
6
Brookfield
BN
$82.8B
| $2.99B | 1.52% |
65,050,624
-11,224,247
| -15% | -$512M |
2013 Q2
50 quarters
|
|
7
Broadcom
AVGO
$1.73T
| $2.91B | 1.49% |
8,421,826
-186,846
| -2% | -$66.8M |
2013 Q2
50 quarters
|
|
8
TransDigm Group
TDG
$61.2B
| $2.88B | 1.47% |
2,166,523
-213,293
| -9% | -$280M |
2013 Q2
50 quarters
|
|
|
9
Hilton Worldwide
HLT
$73.5B
| $2.69B | 1.37% |
9,371,706
-1,114,602
| -11% | -$303M |
2014 Q2
46 quarters
|
|
10
Meta Platforms (Facebook)
META
$1.83T
| $2.51B | 1.28% |
3,808,675
+115,471
| +3% | +$77.1M |
2013 Q2
50 quarters
|
|
11
HEICO Corp Class A
HEI.A
$31.2B
| $2.37B | 1.21% |
9,398,492
-905,463
| -9% | -$224M |
2015 Q2
42 quarters
|
|
12
KKR & Co
KKR
$81.6B
| $2.33B | 1.19% |
18,246,427
-803,377
| -4% | -$99.9M |
2015 Q2
42 quarters
|
|
|
13
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
$5.21B
| $2.14B | 1.09% |
31,301,844
-6,147,175
| -16% | -$420M |
2018 Q4
28 quarters
|
|
14
Vulcan Materials
VMC
$31.7B
| $2.06B | 1.05% |
7,237,306
-387,965
| -5% | -$114M |
2013 Q2
50 quarters
|
|
|
15
Alphabet (Google) Class C
GOOG
$4.25T
| $2.03B | 1.04% |
6,463,893
-1,491
| -0% | -$427K |
2013 Q2
50 quarters
|
|
16
O'Reilly Automotive
ORLY
$69.9B
| $1.97B | 1.01% |
21,626,710
-2,329,182
| -10% | -$228M |
2013 Q2
50 quarters
|
|
17
Welltower
WELL
$162B
| $1.87B | 0.96% |
10,094,083
-89,976
| -0.9% | -$16.8M |
2013 Q2
50 quarters
|
|
18
Tesla
TSLA
$1.51T
| $1.76B | 0.9% |
3,905,614
+70,387
| +2% | +$31.2M |
2016 Q2
38 quarters
|
|
19
JPMorgan Chase
JPM
$885B
| $1.65B | 0.84% |
5,134,283
-167,504
| -3% | -$51.9M |
2013 Q2
50 quarters
|
|
20
Visa
V
$724B
| $1.63B | 0.83% |
4,634,362
-311,488
| -6% | -$106M |
2013 Q2
50 quarters
|
|
21
CBRE Group
CBRE
$37.9B
| $1.54B | 0.79% |
9,567,987
+99,532
| +1% | +$15.6M |
2013 Q2
50 quarters
|
|
22
Live Nation Entertainment
LYV
$39.7B
| $1.53B | 0.78% |
10,727,681
+1,001,905
| +10% | +$144M |
2013 Q2
50 quarters
|
|
23
Copart
CPRT
$25.3B
| $1.53B | 0.78% |
38,993,390
-1,181,668
| -3% | -$49M |
2013 Q2
50 quarters
|
|
24
Equinix
EQIX
$101B
| $1.5B | 0.76% |
1,952,854
-16,644
| -0.8% | -$13M |
2013 Q2
50 quarters
|
|
25
Prologis
PLD
$123B
| $1.4B | 0.71% |
10,946,760
+135,912
| +1% | +$16.9M |
2013 Q2
50 quarters
|
|
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.