Principal Financial Group Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 2, 2026), Principal Financial Group Inc. reported 2,180 stock positions worth $195.9 billion. Its top holding was Nvidia (NVDA) at 3.7% of the portfolio, followed by Microsoft (MSFT, 3.7%) and Apple (AAPL, 2.9%). Compared with Q3 2025, it opened 45 new positions, sold out of 113, added to 1,008 and reduced 1,101. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +125%) and the biggest sale O'reilly Automotive (ORLY, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- DES MOINES, IA
- CIK
- 0001126328
- Portfolio Value
- $195.9B (Q4 2025)
- SEC Filing
- 0001126328-26-000011 ↗ filed Feb 2, 2026
Holdings Value
Holdings 2,180 stocks · $195.9B
| NVDA Nvidia Corp. | 3.67% | 38,551,197 | $7.2B | Add +3.4% |
| MSFT Microsoft Corp. | 3.67% | 14,858,135 | $7.2B | Reduce -1.1% |
| AAPL Apple Inc. | 2.91% | 20,994,069 | $5.7B | Add +0.6% |
| AMZN Amazon.com Inc. | 2.31% | 19,608,246 | $4.5B | Reduce -5.5% |
| GOOGL Alphabet Inc. Class A | 1.77% | 11,047,927 | $3.5B | Reduce -1.9% |
| BN Brookfield Corp. | 1.52% | 65,050,624 | $3.0B | Reduce -14.7% |
| AVGO Broadcom Inc. | 1.49% | 8,421,826 | $2.9B | Reduce -2.2% |
| TDG Transdigm Group Inc. | 1.47% | 2,166,523 | $2.9B | Reduce -9.0% |
| HLT Hilton Worldwide Holdings Inc. | 1.37% | 9,371,706 | $2.7B | Reduce -10.6% |
| META Meta Platforms Inc. Class A | 1.28% | 3,808,675 | $2.5B | Add +3.1% |
| HEI.A Heico Corp. Class A | 1.21% | 9,398,492 | $2.4B | Reduce -8.8% |
| KKR KKR & Co. Inc. | 1.19% | 18,246,427 | $2.3B | Reduce -4.2% |
| USMC Principal US Mega-Cap ETF | 1.09% | 31,301,844 | $2.1B | Reduce -16.4% |
| VMC Vulcan Materials Co. | 1.05% | 7,237,306 | $2.1B | Reduce -5.1% |
| GOOG Alphabet Inc. Class C | 1.04% | 6,463,893 | $2.0B | Reduce -0.0% |
| ORLY O'reilly Automotive Inc. | 1.01% | 21,626,710 | $2.0B | Reduce -9.7% |
| WELL Welltower Inc. | 0.96% | 10,094,083 | $1.9B | Reduce -0.9% |
| TSLA Tesla Inc. | 0.90% | 3,905,614 | $1.8B | Add +1.8% |
| JPM JPMorgan Chase & Co. | 0.84% | 5,134,283 | $1.7B | Reduce -3.2% |
| V Visa Inc. Class A | 0.83% | 4,634,362 | $1.6B | Reduce -6.3% |
| CBRE CBRE Group Inc. Class A | 0.79% | 9,567,987 | $1.5B | Add +1.1% |
| LYV Live Nation Entertainment Inc. | 0.78% | 10,727,681 | $1.5B | Add +10.3% |
| CPRT Copart Inc. | 0.78% | 38,993,390 | $1.5B | Reduce -2.9% |
| EQIX Equinix Inc. | 0.76% | 1,952,854 | $1.5B | Reduce -0.8% |
| PLD Prologis Inc. | 0.71% | 10,946,760 | $1.4B | Add +1.3% |
| LLY Eli Lilly & Co. | 0.70% | 1,269,531 | $1.4B | Add +1.3% |
| MA Mastercard Inc. Class A | 0.69% | 2,378,452 | $1.4B | Reduce -6.1% |
| MLM Martin Marietta Materials | 0.69% | 2,170,746 | $1.4B | Reduce -1.5% |
| FWONK Liberty Media Corp. Class C | 0.64% | 12,695,840 | $1.3B | Add +1.0% |
| IVV iShares Core S&P 500 ETF | 0.63% | 1,789,727 | $1.2B | Add +125.1% |
| BRO Brown & Brown Inc. | 0.63% | 15,362,548 | $1.2B | Reduce -0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.62% | 2,420,323 | $1.2B | Reduce -0.4% |
| VTR Ventas Inc. | 0.61% | 15,398,394 | $1.2B | Reduce -0.1% |
| CSGP Costar Group Inc. | 0.60% | 17,566,074 | $1.2B | Reduce -5.7% |
| MKL Markel Group Inc. | 0.59% | 533,135 | $1.1B | Reduce -2.6% |
| BIP Brookfield Infrastructure Pa | 0.56% | 31,407,038 | $1.1B | Reduce -1.8% |
| AMT American Tower Corp. | 0.54% | 6,038,061 | $1.1B | Add +1.0% |
| ROP Roper Technologies Inc. | 0.53% | 2,348,526 | $1.0B | Reduce -8.0% |
| YUMC Yum China Holdings Inc. | 0.53% | 21,957,111 | $1.0B | Add +8.9% |
| PIEQ Principal Intl Eqty ETF | 0.53% | 31,482,097 | $1.0B | Add +33.1% |
| NFLX Netflix Inc. | 0.52% | 10,858,157 | $1.0B | Reduce -4.9% |
| COST Costco Wholesale Corp. | 0.52% | 1,176,203 | $1.0B | Reduce -2.9% |
| MSCI MSCI Inc. | 0.50% | 1,717,364 | $985.3M | Reduce -3.4% |
| TECK Teck Resources Ltd.-CLS B | 0.46% | 18,832,299 | $902.8M | Add +11.6% |
| EXR Extra Space Storage Inc. | 0.44% | 6,646,286 | $865.5M | Reduce -1.0% |
| VEEV Veeva Systems Inc. Class A | 0.44% | 3,870,293 | $864.0M | Add +0.6% |
| SU Suncor Energy Inc. | 0.44% | 19,371,704 | $860.9M | Add +2.7% |
| AVB Avalonbay Communities Inc. | 0.42% | 4,497,047 | $815.4M | Add +9.3% |
| XOM Exxon Mobil Corp. | 0.40% | 6,510,505 | $783.5M | Add +1.1% |
| FICO Fair Isaac Corp. | 0.40% | 458,085 | $774.5M | Add +13.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.39% | 13,928,599 | $766.1M | Reduce -4.1% |
| H Hyatt Hotels Corp. Class A | 0.39% | 4,715,386 | $756.0M | Add +0.0% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.37% | 2,832,943 | $733.2M | Reduce -1.2% |
| DPZ Domino's Pizza Inc. | 0.36% | 1,706,185 | $711.2M | Reduce -3.2% |
| JNJ Johnson & Johnson | 0.36% | 3,410,177 | $705.7M | Add +0.8% |
| PG The Procter & Gamble Co. | 0.36% | 4,859,770 | $696.5M | Reduce -5.8% |
| CDNS Cadence Design SYS Inc. | 0.35% | 2,213,103 | $691.8M | Reduce -3.9% |
| LPLA LPL Financial Holdings Inc. | 0.35% | 1,934,483 | $691.0M | Reduce -1.8% |
| WMT Walmart Inc. | 0.35% | 6,176,874 | $688.2M | Add +1.6% |
| PSC Principal US Small-Cap ETF | 0.35% | 11,734,663 | $676.6M | Add +100.6% |
| DHR Danaher Corp. | 0.34% | 2,928,406 | $670.4M | Reduce -8.3% |
| TYL Tyler Technologies Inc. | 0.34% | 1,454,061 | $660.1M | Add +3.1% |
| IDXX Idexx Laboratories Inc. | 0.33% | 968,946 | $655.6M | Reduce -26.4% |
| ABBV Abbvie Inc. | 0.33% | 2,868,606 | $655.4M | Reduce -0.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.32% | 2,079,254 | $631.9M | Reduce -13.7% |
| REG Regency Centers Corp. | 0.32% | 9,073,524 | $626.3M | Add +0.0% |
| ARES Ares Management Corp. Class A | 0.32% | 3,839,693 | $620.6M | Add +8.6% |
| PLTR Palantir Technologies Inc. Class A | 0.30% | 3,287,367 | $584.3M | Reduce -0.5% |
| DLR Digital Realty Trust Inc. | 0.29% | 3,690,547 | $571.0M | Reduce -0.5% |
| MS Morgan Stanley | 0.29% | 3,149,329 | $559.1M | Reduce -13.7% |
| ICLR Icon PLC | 0.28% | 3,001,535 | $546.9M | Reduce -8.4% |
| MRK Merck & Co. Inc. | 0.27% | 5,082,718 | $535.0M | Reduce -2.4% |
| KO The Coca-Cola Co. | 0.27% | 7,629,629 | $533.4M | Add +1.1% |
| SPG Simon Property Group Inc. | 0.27% | 2,858,805 | $529.2M | Add +0.8% |
| AMH American Homes 4 Rent- A | 0.26% | 15,810,964 | $507.5M | Add +8.7% |
| ENTG Entegris Inc. | 0.25% | 5,817,087 | $490.1M | Reduce -1.0% |
| ORCL Oracle Corp. | 0.25% | 2,468,648 | $481.2M | Add +1.1% |
| SBRA Sabra Health Care REIT Inc. | 0.24% | 24,953,351 | $472.6M | Add +21.6% |
| INVH Invitation Homes Inc. | 0.24% | 16,852,130 | $468.3M | Reduce -3.4% |
| FAST Fastenal Co. | 0.24% | 11,569,456 | $464.3M | Reduce -8.0% |
| HD Home Depot Inc. | 0.23% | 1,322,047 | $454.9M | Add +0.4% |
| UNH Unitedhealth Group Inc. | 0.23% | 1,370,914 | $452.6M | Reduce -5.0% |
| ABT Abbott Laboratories | 0.23% | 3,607,816 | $452.0M | Reduce -8.1% |
| REXR Rexford Industrial Realty Inc. | 0.23% | 11,518,739 | $446.0M | Add +19.5% |
| CVX Chevron Corp. | 0.23% | 2,896,868 | $441.5M | Reduce -0.6% |
| ESS Essex Property Trust Inc. | 0.22% | 1,679,607 | $439.5M | Add +21.9% |
| LIN Linde PLC | 0.22% | 1,021,888 | $435.7M | Reduce -15.6% |
| ACGL Arch Capital Group Ltd. | 0.22% | 4,528,160 | $434.3M | Reduce -12.1% |
| NVR NVR Inc. | 0.22% | 59,036 | $430.5M | Reduce -2.1% |
| PH Parker Hannifin Corp. | 0.22% | 488,930 | $429.8M | Reduce -11.1% |
| DOC Healthpeak Properties Inc. | 0.22% | 26,681,771 | $429.0M | Reduce -1.1% |
| AME Ametek Inc. | 0.21% | 2,037,583 | $418.3M | Reduce -0.3% |
| BAM Brookfield Asset Mgmt-A | 0.21% | 7,863,457 | $412.0M | Add +7.3% |
| EGP Eastgroup Properties Inc. | 0.21% | 2,303,804 | $410.4M | Add +16.0% |
| CB Chubb Ltd. | 0.21% | 1,308,788 | $408.5M | Add +6.8% |
| APD Air Products & Chemicals Inc. | 0.20% | 1,622,309 | $400.8M | Reduce -8.0% |
| MTD Mettler-Toledo International | 0.20% | 282,653 | $394.1M | Reduce -5.3% |
| FND Floor & Decor Holdings Inc. Class A | 0.20% | 6,421,067 | $391.0M | Add +0.3% |
| AMD Advanced Micro Devices | 0.20% | 1,820,652 | $389.9M | Add +3.1% |
| GE General Electric filed as GE AEROSPACE | 0.20% | 1,263,453 | $389.2M | Add +0.4% |
Portfolio Sells Q3 2025 → Q4 2025
| ORLY O'reilly Automotive Inc. | Reduce -9.7% | 1.01% | −0.30 |
| MSFT Microsoft Corp. | Reduce -1.1% | 3.67% | −0.26 |
| VICI Vici Properties Inc. | Reduce -64.1% | 0.11% | −0.24 |
| BN Brookfield Corp. | Reduce -14.7% | 1.52% | −0.23 |
| USMC Principal US Mega-Cap ETF | Reduce -16.4% | 1.09% | −0.19 |
| VMRK Vivmark Residential | Reduce -87.9% | 0.03% | −0.19 |
| CSGP Costar Group Inc. | Reduce -5.7% | 0.60% | −0.19 |
| NFLX Netflix Inc. | Reduce -4.9% | 0.52% | −0.17 |
| CPRT Copart Inc. | Reduce -2.9% | 0.78% | −0.13 |
| SBAC SBA Communications Corp. | Reduce -89.5% | 0.02% | −0.13 |
| VMC Vulcan Materials Co. | Reduce -5.1% | 1.05% | −0.13 |
| TDG Transdigm Group Inc. | Reduce -9.0% | 1.47% | −0.11 |
| HEI.A Heico Corp. Class A | Reduce -8.8% | 1.21% | −0.11 |
| ROP Roper Technologies Inc. | Reduce -8.0% | 0.53% | −0.11 |
| WRB WR Berkley Corp. | Reduce -48.3% | 0.10% | −0.11 |
| BRO Brown & Brown Inc. | Reduce -0.3% | 0.63% | −0.10 |
| IDXX Idexx Laboratories Inc. | Reduce -26.4% | 0.33% | −0.09 |
| FAST Fastenal Co. | Reduce -8.0% | 0.24% | −0.07 |
| AJG Arthur J Gallagher & Co. | Reduce -1.2% | 0.37% | −0.07 |
| LIN Linde PLC | Reduce -15.6% | 0.22% | −0.07 |
| ARE Alexandria Real Estate Equit | Reduce -79.1% | 0.01% | −0.06 |
| KKR KKR & Co. Inc. | Reduce -4.2% | 1.19% | −0.06 |
| CDNS Cadence Design SYS Inc. | Reduce -3.9% | 0.35% | −0.05 |
| COLD Americold Realty Trust Inc. | Sold out | 0.00% | −0.05 |
| SCHW Schwab (charles) Corp. | Reduce -28.1% | 0.16% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -2.9% | 0.52% | −0.05 |
| MPC Marathon Petroleum Corp. | Reduce -12.3% | 0.14% | −0.05 |
| CMCSA Comcast Corp. Class A | Reduce -35.8% | 0.07% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -5.8% | 0.36% | −0.04 |
| LEN Lennar Corp. Class A | Reduce -2.9% | 0.18% | −0.04 |
| HSY The Hershey Co. | Reduce -66.0% | 0.02% | −0.04 |
| DOC Healthpeak Properties Inc. | Reduce -1.1% | 0.22% | −0.04 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -77.0% | 0.01% | −0.04 |
| DHI D.R. Horton Inc. | Reduce -7.2% | 0.15% | −0.04 |
| NOW ServiceNow Inc. | Reduce -9.2% | 0.12% | −0.04 |
| APD Air Products & Chemicals Inc. | Reduce -8.0% | 0.20% | −0.04 |
| TMUS T-Mobile US Inc. | Reduce -3.2% | 0.19% | −0.04 |
| JEF Jefferies Financial Group Inc. | Reduce -75.4% | 0.01% | −0.04 |
| EXR Extra Space Storage Inc. | Reduce -1.0% | 0.44% | −0.04 |
| ABT Abbott Laboratories | Reduce -8.1% | 0.23% | −0.03 |
| MA Mastercard Inc. Class A | Reduce -6.1% | 0.69% | −0.03 |
| COOP Mr Cooper Group Inc. | Sold out | 0.00% | −0.03 |
| DLR Digital Realty Trust Inc. | Reduce -0.5% | 0.29% | −0.03 |
| ZTS Zoetis Inc. | Reduce -6.2% | 0.13% | −0.03 |
| SNPS Synopsys Inc. | Reduce -26.2% | 0.07% | −0.03 |
| UBER Uber Technologies Inc. | Reduce -5.2% | 0.12% | −0.03 |
| ZWS Zurn Elkay Water Solutions C | Reduce -59.0% | 0.02% | −0.03 |
| CTVA Corteva Inc. | Reduce -20.1% | 0.12% | −0.03 |
| CCC CCC Intelligent Solutions Ho | Reduce -4.3% | 0.15% | −0.03 |
| JHG Janus Henderson Group PLC | Reduce -81.8% | 0.01% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| IVV iShares Core S&P 500 ETF | Add +125.1% | 0.63% | +0.36 |
| AAPL Apple Inc. | Add +0.6% | 2.91% | +0.23 |
| LLY Eli Lilly & Co. | Add +1.3% | 0.70% | +0.21 |
| PSC Principal US Small-Cap ETF | Add +100.6% | 0.35% | +0.18 |
| NVDA Nvidia Corp. | Add +3.4% | 3.67% | +0.16 |
| PIEQ Principal Intl Eqty ETF | Add +33.1% | 0.53% | +0.15 |
| CCI Crown Castle Inc. | Add +422.5% | 0.16% | +0.13 |
| FICO Fair Isaac Corp. | Add +13.4% | 0.40% | +0.09 |
| PLD Prologis Inc. | Add +1.3% | 0.71% | +0.09 |
| TECK Teck Resources Ltd.-CLS B | Add +11.6% | 0.46% | +0.09 |
| YUMC Yum China Holdings Inc. | Add +8.9% | 0.53% | +0.09 |
| MU Micron Technology Inc. | Add +3.5% | 0.18% | +0.08 |
| ADC Agree Realty Corp. | Add +80.8% | 0.16% | +0.07 |
| CRH CRH PLC | Add +33.2% | 0.19% | +0.06 |
| AMD Advanced Micro Devices | Add +3.1% | 0.20% | +0.06 |
| AXP American Express Co. | Add +34.3% | 0.15% | +0.05 |
| TMO Thermo Fisher Scientific Inc. | Add +12.3% | 0.19% | +0.05 |
| H Hyatt Hotels Corp. Class A | Add +0.0% | 0.39% | +0.05 |
| SBRA Sabra Health Care REIT Inc. | Add +21.6% | 0.24% | +0.05 |
| IRM Iron Mountain Inc. | Add +66.5% | 0.18% | +0.05 |
| BAP Credicorp Ltd. | Add +98.9% | 0.08% | +0.05 |
| HLNE Hamilton Lane Inc. Class A | Add +148.3% | 0.07% | +0.04 |
| JNJ Johnson & Johnson | Add +0.8% | 0.36% | +0.04 |
| SU Suncor Energy Inc. | Add +2.7% | 0.44% | +0.04 |
| LCAP Principal CPTL Apprec S3 ETF | Add +678.0% | 0.05% | +0.04 |
| EGP Eastgroup Properties Inc. | Add +16.0% | 0.21% | +0.04 |
| ESS Essex Property Trust Inc. | Add +21.9% | 0.22% | +0.04 |
| AQN Algonquin Power & Utilities | New | 0.04% | +0.04 |
| WDC Western Digital Corp. | Add +21.5% | 0.09% | +0.04 |
| WAT Waters Corp. | Add +0.2% | 0.17% | +0.04 |
| TSLA Tesla Inc. | Add +1.8% | 0.90% | +0.04 |
| WMT Walmart Inc. | Add +1.6% | 0.35% | +0.04 |
| GPCR Structure Therapeutics Inc. | Add +63.1% | 0.05% | +0.03 |
| CB Chubb Ltd. | Add +6.8% | 0.21% | +0.03 |
| XOM Exxon Mobil Corp. | Add +1.1% | 0.40% | +0.03 |
| SEI Solaris Energy Infrastructur | Add +2120.7% | 0.03% | +0.03 |
| CBRE CBRE Group Inc. Class A | Add +1.1% | 0.79% | +0.03 |
| GILD Gilead Sciences Inc. | Add +27.5% | 0.11% | +0.03 |
| CVNA Carvana Co. | Add +2850.2% | 0.03% | +0.03 |
| SMA Smartstop Self Storage REIT | Add +10361.9% | 0.03% | +0.03 |
| ASND Ascendis Pharma A/S | Add +29.3% | 0.11% | +0.03 |
| ARES Ares Management Corp. Class A | Add +8.6% | 0.32% | +0.03 |
| BGSI Boyd Group Services Inc. | New | 0.03% | +0.03 |
| SYK Stryker Corp. | Add +46.9% | 0.10% | +0.03 |
| CSCO Cisco Systems Inc. | Add +3.2% | 0.19% | +0.03 |
| REXR Rexford Industrial Realty Inc. | Add +19.5% | 0.23% | +0.03 |
| EXE Expand Energy Corp. | Add +83.7% | 0.06% | +0.03 |
| PCAR Paccar Inc. | Add +4.6% | 0.17% | +0.03 |
| CURB Curbline Properties Corp. | Add +426.5% | 0.03% | +0.02 |
| USHY iShares Broad Usd High Yield | Add +28.3% | 0.10% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 2,154 | $203.6B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 2,177 | $187.2B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q4 2025 | 2,180 | $195.9B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q3 2025 | 2,246 | $198.3B | MSFT, NVDA, AAPL, AMZN, BN |
| Q2 2025 | 2,224 | $189.2B | MSFT, NVDA, AMZN, AAPL, BN |
| Q1 2025 | 2,171 | $178.2B | MSFT, AAPL, NVDA, AMZN, TDG |
| Q4 2024 | 2,208 | $183.4B | MSFT, AAPL, NVDA, AMZN, BN |
| Q3 2024Amended | 2,220 | $183.2B | MSFT, AAPL, NVDA, AMZN, BN |
| Q2 2024 | 2,360 | $168.4B | MSFT, AAPL, NVDA, AMZN, TDG |
| Q1 2024 | 2,425 | $170.1B | MSFT, AMZN, AAPL, NVDA, TDG |