Principal Financial Group Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 4, 2026), Principal Financial Group Inc. reported 2,177 stock positions worth $187.2 billion. Its top holding was Nvidia (NVDA) at 3.7% of the portfolio, followed by Microsoft (MSFT, 3.0%) and Apple (AAPL, 2.9%). Compared with Q4 2025, it opened 128 new positions, sold out of 132, added to 1,373 and reduced 660. The biggest buy was Equinix (EQIX, shares +1%) and the biggest sale Domino's Pizza (DPZ, shares −94%).
- Most Recent 13F
- Q2 2026
- Location
- DES MOINES, IA
- CIK
- 0001126328
- Portfolio Value
- $187.2B (Q1 2026)
- SEC Filing
- 0001126328-26-000103 ↗ filed May 4, 2026
Holdings Value
Holdings 2,177 stocks · $187.2B
| NVDA Nvidia Corp. | 3.69% | 39,597,813 | $6.9B | Add +2.7% |
| MSFT Microsoft Corp. | 2.97% | 15,016,976 | $5.6B | Add +1.1% |
| AAPL Apple Inc. | 2.89% | 21,342,814 | $5.4B | Add +1.7% |
| AMZN Amazon.com Inc. | 2.13% | 19,149,017 | $4.0B | Reduce -2.3% |
| GOOGL Alphabet Inc. Class A | 1.71% | 11,110,625 | $3.2B | Add +0.6% |
| AVGO Broadcom Inc. | 1.44% | 8,720,488 | $2.7B | Add +3.5% |
| BN Brookfield Corp. | 1.38% | 63,823,308 | $2.6B | Reduce -1.9% |
| META Meta Platforms Inc. Class A | 1.27% | 4,151,465 | $2.4B | Add +9.0% |
| TDG Transdigm Group Inc. | 1.25% | 2,013,784 | $2.3B | Reduce -7.0% |
| GOOG Alphabet Inc. Class C | 1.10% | 7,181,946 | $2.1B | Add +11.1% |
| HLT Hilton Worldwide Holdings Inc. | 1.07% | 6,603,112 | $2.0B | Reduce -29.5% |
| EQIX Equinix Inc. | 1.04% | 1,980,497 | $1.9B | Add +1.4% |
| USMC Principal US Mega-Cap ETF | 1.04% | 30,153,564 | $1.9B | Reduce -3.7% |
| WELL Welltower Inc. | 1.01% | 9,606,655 | $1.9B | Reduce -4.8% |
| HEI.A Heico Corp. Class A | 1.00% | 8,867,257 | $1.9B | Reduce -5.7% |
| VMC Vulcan Materials Co. | 0.97% | 6,642,386 | $1.8B | Reduce -8.2% |
| KKR KKR & Co. Inc. | 0.96% | 19,507,741 | $1.8B | Add +6.9% |
| LYV Live Nation Entertainment Inc. | 0.90% | 11,095,305 | $1.7B | Add +3.4% |
| ORLY O'reilly Automotive Inc. | 0.89% | 18,066,239 | $1.7B | Reduce -16.5% |
| IVV iShares Core S&P 500 ETF | 0.86% | 2,453,100 | $1.6B | Add +37.1% |
| V Visa Inc. Class A | 0.78% | 4,848,317 | $1.5B | Add +4.6% |
| JPM JPMorgan Chase & Co. | 0.78% | 4,961,596 | $1.5B | Reduce -3.4% |
| TSLA Tesla Inc. | 0.76% | 3,803,408 | $1.4B | Reduce -2.6% |
| PLD Prologis Inc. | 0.74% | 10,506,229 | $1.4B | Reduce -4.0% |
| CBRE CBRE Group Inc. Class A | 0.71% | 9,870,413 | $1.3B | Add +3.2% |
| VTR Ventas Inc. | 0.67% | 15,335,080 | $1.3B | Reduce -0.4% |
| MLM Martin Marietta Materials | 0.66% | 2,093,942 | $1.2B | Reduce -3.5% |
| MA Mastercard Inc. Class A | 0.65% | 2,437,439 | $1.2B | Add +2.5% |
| SU Suncor Energy Inc. | 0.62% | 17,681,187 | $1.2B | Reduce -8.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.61% | 2,390,043 | $1.1B | Reduce -1.3% |
| TECK Teck Resources Ltd.-CLS B | 0.61% | 22,044,284 | $1.1B | Add +17.1% |
| COST Costco Wholesale Corp. | 0.61% | 1,140,620 | $1.1B | Reduce -3.0% |
| LLY Eli Lilly & Co. | 0.60% | 1,226,699 | $1.1B | Reduce -3.4% |
| YUMC Yum China Holdings Inc. | 0.59% | 22,606,740 | $1.1B | Add +3.0% |
| NFLX Netflix Inc. | 0.58% | 11,369,400 | $1.1B | Add +4.7% |
| PIEQ Principal Intl Eqty ETF | 0.56% | 31,588,206 | $1.1B | Add +0.3% |
| CPRT Copart Inc. | 0.56% | 31,637,307 | $1.1B | Reduce -18.9% |
| XOM Exxon Mobil Corp. | 0.55% | 6,099,948 | $1.0B | Reduce -6.3% |
| AMT American Tower Corp. | 0.55% | 5,914,591 | $1.0B | Reduce -2.0% |
| BRO Brown & Brown Inc. | 0.54% | 15,608,720 | $1.0B | Add +1.6% |
| BIP Brookfield Infrastructure Pa | 0.52% | 26,979,188 | $974.5M | Reduce -14.1% |
| EXR Extra Space Storage Inc. | 0.45% | 6,430,326 | $843.2M | Reduce -3.3% |
| JNJ Johnson & Johnson | 0.44% | 3,371,601 | $824.2M | Reduce -1.1% |
| LPLA LPL Financial Holdings Inc. | 0.42% | 2,636,544 | $793.2M | Add +36.3% |
| MKL Markel Group Inc. | 0.41% | 401,876 | $769.3M | Reduce -24.6% |
| FWONK Liberty Media Corp. Class C | 0.41% | 8,934,358 | $759.6M | Reduce -29.6% |
| REG Regency Centers Corp. | 0.40% | 10,004,796 | $757.0M | Add +10.3% |
| WMT Walmart Inc. | 0.39% | 5,928,783 | $736.8M | Reduce -4.0% |
| VEEV Veeva Systems Inc. Class A | 0.39% | 4,141,545 | $727.5M | Add +7.0% |
| MSCI MSCI Inc. | 0.39% | 1,347,039 | $726.1M | Reduce -21.6% |
| AVB Avalonbay Communities Inc. | 0.39% | 4,441,599 | $725.5M | Reduce -1.2% |
| PSC Principal US Small-Cap ETF | 0.38% | 12,549,404 | $719.1M | Add +6.9% |
| CSGP Costar Group Inc. | 0.38% | 17,696,192 | $713.9M | Add +0.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.38% | 14,412,163 | $702.6M | Add +3.5% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.38% | 3,242,088 | $702.2M | Add +14.4% |
| ENTG Entegris Inc. | 0.37% | 5,885,239 | $690.0M | Add +1.2% |
| PG The Procter & Gamble Co. | 0.37% | 4,746,404 | $685.6M | Reduce -2.3% |
| H Hyatt Hotels Corp. Class A | 0.36% | 4,721,425 | $678.9M | Add +0.1% |
| DLR Digital Realty Trust Inc. | 0.36% | 3,704,993 | $667.7M | Add +0.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.35% | 1,966,598 | $664.6M | Reduce -5.4% |
| CVX Chevron Corp. | 0.35% | 3,185,457 | $659.1M | Add +10.0% |
| ABBV Abbvie Inc. | 0.33% | 2,831,636 | $615.9M | Reduce -1.3% |
| TYL Tyler Technologies Inc. | 0.32% | 1,745,625 | $597.7M | Add +20.1% |
| KO The Coca-Cola Co. | 0.31% | 7,750,655 | $589.4M | Add +1.6% |
| MRK Merck & Co. Inc. | 0.30% | 4,709,942 | $566.6M | Reduce -7.3% |
| BAM Brookfield Asset Mgmt-A | 0.30% | 12,735,547 | $566.1M | Add +62.0% |
| GE General Electric filed as GE AEROSPACE | 0.30% | 1,952,283 | $554.0M | Add +54.5% |
| DHR Danaher Corp. | 0.29% | 2,880,858 | $546.2M | Reduce -1.6% |
| MU Micron Technology Inc. | 0.28% | 1,572,997 | $531.4M | Add +26.2% |
| AMH American Homes 4 Rent- A | 0.28% | 18,937,398 | $528.7M | Add +19.8% |
| CDNS Cadence Design SYS Inc. | 0.28% | 1,888,874 | $524.9M | Reduce -14.7% |
| NICE Nice Ltd. - Spon ADR | 0.27% | 4,578,940 | $504.9M | Add +1637.6% |
| MS Morgan Stanley | 0.27% | 3,021,966 | $497.3M | Reduce -4.0% |
| IDXX Idexx Laboratories Inc. | 0.26% | 881,189 | $495.2M | Reduce -9.1% |
| SPG Simon Property Group Inc. | 0.26% | 2,595,216 | $484.1M | Reduce -9.2% |
| SBRA Sabra Health Care REIT Inc. | 0.26% | 25,052,121 | $481.8M | Add +0.4% |
| SPOT Spotify Technology SA | 0.26% | 989,667 | $479.9M | Add +53.4% |
| CAT Caterpillar Inc. | 0.25% | 666,306 | $472.1M | Add +17.6% |
| MCO Moody's Corp. | 0.25% | 1,081,807 | $472.0M | Add +72.5% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.25% | 4,566,093 | $466.4M | Add +8.5% |
| LIN Linde PLC | 0.24% | 912,087 | $452.2M | Reduce -10.7% |
| FICO Fair Isaac Corp. | 0.24% | 422,822 | $451.4M | Reduce -7.7% |
| HDB HDFC Bank Ltd.-ADR | 0.24% | 17,977,844 | $447.3M | Add +16808.5% |
| HD Home Depot Inc. | 0.24% | 1,339,800 | $440.6M | Add +1.3% |
| ARES Ares Management Corp. Class A | 0.23% | 4,009,291 | $437.4M | Add +4.4% |
| EGP Eastgroup Properties Inc. | 0.23% | 2,328,714 | $431.0M | Add +1.1% |
| NEE Nextera Energy Inc. | 0.23% | 4,609,761 | $428.2M | Reduce -4.9% |
| CB Chubb Ltd. | 0.23% | 1,313,022 | $428.0M | Add +0.3% |
| SUNB Sunbelt Rentals Holdings Inc. | 0.23% | 6,610,971 | $427.0M | New |
| PH Parker Hannifin Corp. | 0.23% | 475,915 | $426.1M | Reduce -2.7% |
| PLTR Palantir Technologies Inc. Class A | 0.22% | 2,857,609 | $418.0M | Reduce -13.1% |
| TMUS T-Mobile US Inc. | 0.22% | 1,971,069 | $414.0M | Add +10.0% |
| ROP Roper Technologies Inc. | 0.22% | 1,155,870 | $409.0M | Reduce -50.8% |
| FAST Fastenal Co. | 0.22% | 8,746,516 | $405.8M | Reduce -24.4% |
| ESS Essex Property Trust Inc. | 0.22% | 1,668,036 | $403.7M | Reduce -0.7% |
| ELS Equity Lifestyle Properties | 0.21% | 6,435,365 | $401.7M | Add +1.1% |
| LRCX Lam Research Corp. | 0.21% | 1,839,740 | $393.1M | Reduce -6.7% |
| TT Trane Technologies PLC | 0.21% | 943,056 | $393.0M | Reduce -1.8% |
| DE Deere & Co. | 0.21% | 692,370 | $390.0M | Reduce -10.6% |
| NVR NVR Inc. | 0.20% | 58,245 | $383.8M | Reduce -1.3% |
Portfolio Sells Q4 2025 → Q1 2026
| DPZ Domino's Pizza Inc. | Reduce -93.9% | 0.02% | −0.34 |
| ROP Roper Technologies Inc. | Reduce -50.8% | 0.22% | −0.32 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -29.5% | 1.07% | −0.30 |
| FWONK Liberty Media Corp. Class C | Reduce -29.6% | 0.41% | −0.23 |
| TDG Transdigm Group Inc. | Reduce -7.0% | 1.25% | −0.22 |
| CPRT Copart Inc. | Reduce -18.9% | 0.56% | −0.22 |
| HEI.A Heico Corp. Class A | Reduce -5.7% | 1.00% | −0.21 |
| AMZN Amazon.com Inc. | Reduce -2.3% | 2.13% | −0.18 |
| MKL Markel Group Inc. | Reduce -24.6% | 0.41% | −0.17 |
| FICO Fair Isaac Corp. | Reduce -7.7% | 0.24% | −0.15 |
| BN Brookfield Corp. | Reduce -1.9% | 1.38% | −0.14 |
| TSLA Tesla Inc. | Reduce -2.6% | 0.76% | −0.14 |
| ORLY O'reilly Automotive Inc. | Reduce -16.5% | 0.89% | −0.12 |
| MSCI MSCI Inc. | Reduce -21.6% | 0.39% | −0.12 |
| ZTS Zoetis Inc. | Reduce -73.2% | 0.03% | −0.10 |
| LLY Eli Lilly & Co. | Reduce -3.4% | 0.60% | −0.09 |
| VMC Vulcan Materials Co. | Reduce -8.2% | 0.97% | −0.09 |
| VICI Vici Properties Inc. | Reduce -77.0% | 0.03% | −0.09 |
| APD Air Products & Chemicals Inc. | Reduce -52.3% | 0.12% | −0.08 |
| ORCL Oracle Corp. | Reduce -12.6% | 0.17% | −0.08 |
| PLTR Palantir Technologies Inc. Class A | Reduce -13.1% | 0.22% | −0.08 |
| CDNS Cadence Design SYS Inc. | Reduce -14.7% | 0.28% | −0.07 |
| IDXX Idexx Laboratories Inc. | Reduce -9.1% | 0.26% | −0.07 |
| JPM JPMorgan Chase & Co. | Reduce -3.4% | 0.78% | −0.07 |
| WIX Wix.com Ltd. | Reduce -79.4% | 0.01% | −0.06 |
| USMC Principal US Mega-Cap ETF | Reduce -3.7% | 1.04% | −0.06 |
| INVH Invitation Homes Inc. | Reduce -18.8% | 0.18% | −0.06 |
| DOC Healthpeak Properties Inc. | Reduce -29.7% | 0.16% | −0.05 |
| ACGL Arch Capital Group Ltd. | Reduce -27.7% | 0.17% | −0.05 |
| MTD Mettler-Toledo International | Reduce -22.0% | 0.15% | −0.05 |
| CRM Salesforce Inc. | Reduce -0.2% | 0.14% | −0.05 |
| DHR Danaher Corp. | Reduce -1.6% | 0.29% | −0.05 |
| APP AppLovin Corp. Class A | Reduce -0.6% | 0.07% | −0.04 |
| CRH CRH PLC | Reduce -11.9% | 0.15% | −0.04 |
| BEPC Brookfield Renewable Corp. | Reduce -51.1% | 0.05% | −0.04 |
| NOW ServiceNow Inc. | Reduce -5.6% | 0.08% | −0.04 |
| ABT Abbott Laboratories | Reduce -3.0% | 0.19% | −0.04 |
| BIP Brookfield Infrastructure Pa | Reduce -14.1% | 0.52% | −0.04 |
| PNFP Pinnacle Financial Partners | Sold out | 0.00% | −0.04 |
| UNH Unitedhealth Group Inc. | Reduce -0.8% | 0.20% | −0.03 |
| GLDM SPDR Gold Minishares Trust | Reduce -42.5% | 0.06% | −0.03 |
| WCN Waste Connections Inc. | Reduce -17.7% | 0.13% | −0.03 |
| MLM Martin Marietta Materials | Reduce -3.5% | 0.66% | −0.03 |
| KRC Kilroy Realty Corp. | Reduce -12.8% | 0.07% | −0.03 |
| CWAN Clearwater Analytics HDS-A | Reduce -99.2% | 0.00% | −0.03 |
| ABNB Airbnb Inc. Class A | Reduce -25.1% | 0.08% | −0.03 |
| WRB WR Berkley Corp. | Reduce -29.1% | 0.07% | −0.03 |
| AVB Avalonbay Communities Inc. | Reduce -1.2% | 0.39% | −0.03 |
| REXR Rexford Industrial Realty Inc. | Reduce -0.4% | 0.20% | −0.03 |
| GLOB Globant SA | Sold out | 0.00% | −0.03 |
Portfolio Buys Q4 2025 → Q1 2026
| EQIX Equinix Inc. | Add +1.4% | 1.04% | +0.27 |
| NICE Nice Ltd. - Spon ADR | Add +1637.6% | 0.27% | +0.25 |
| HDB HDFC Bank Ltd.-ADR | Add +16808.5% | 0.24% | +0.24 |
| IVV iShares Core S&P 500 ETF | Add +37.1% | 0.86% | +0.23 |
| SUNB Sunbelt Rentals Holdings Inc. | New | 0.23% | +0.23 |
| TECK Teck Resources Ltd.-CLS B | Add +17.1% | 0.61% | +0.15 |
| CVX Chevron Corp. | Add +10.0% | 0.35% | +0.13 |
| LYV Live Nation Entertainment Inc. | Add +3.4% | 0.90% | +0.12 |
| ENTG Entegris Inc. | Add +1.2% | 0.37% | +0.12 |
| MU Micron Technology Inc. | Add +26.2% | 0.28% | +0.10 |
| TRNO Terreno Realty Corp. | Add +246.6% | 0.14% | +0.10 |
| GE General Electric | Add +54.5% | 0.30% | +0.10 |
| BAM Brookfield Asset Mgmt-A | Add +62.0% | 0.30% | +0.09 |
| MCO Moody's Corp. | Add +72.5% | 0.25% | +0.09 |
| CAT Caterpillar Inc. | Add +17.6% | 0.25% | +0.09 |
| REG Regency Centers Corp. | Add +10.3% | 0.40% | +0.08 |
| GWRE Guidewire Software Inc. | Add +547.3% | 0.09% | +0.08 |
| IRM Iron Mountain Inc. | Add +8.5% | 0.25% | +0.07 |
| BRX Brixmor Property Group Inc. | Add +686.1% | 0.08% | +0.07 |
| LPLA LPL Financial Holdings Inc. | Add +36.3% | 0.42% | +0.07 |
| DLR Digital Realty Trust Inc. | Add +0.4% | 0.36% | +0.07 |
| SPOT Spotify Technology SA | Add +53.4% | 0.26% | +0.07 |
| GOOG Alphabet Inc. Class C | Add +11.1% | 1.10% | +0.06 |
| NFLX Netflix Inc. | Add +4.7% | 0.58% | +0.06 |
| YUMC Yum China Holdings Inc. | Add +3.0% | 0.59% | +0.06 |
| VRT Vertiv Holdings Co. Class A | Add +4431.3% | 0.06% | +0.06 |
| GEV GE Vernova Inc. | Add +3.9% | 0.18% | +0.06 |
| AMAT Applied Materials Inc. | Add +0.6% | 0.18% | +0.05 |
| JLL Jones Lang Lasalle Inc. | Add +279.6% | 0.07% | +0.05 |
| KO The Coca-Cola Co. | Add +1.6% | 0.31% | +0.04 |
| VALE Vale SA-SP ADR | Add +1287.2% | 0.04% | +0.04 |
| CURB Curbline Properties Corp. | Add +110.3% | 0.07% | +0.04 |
| COP Conocophillips | Add +4.4% | 0.12% | +0.04 |
| DOCN Digitalocean Holdings Inc. | Add +155.3% | 0.05% | +0.04 |
| PSC Principal US Small-Cap ETF | Add +6.9% | 0.38% | +0.04 |
| SNDK Sandisk Corp. | Add +8.4% | 0.06% | +0.04 |
| VWOB Vanguard Emerg MKTS Gov BND | New | 0.04% | +0.04 |
| IVT Inventrust Properties Corp. | Add +24.9% | 0.13% | +0.04 |
| ASML ASML Holding NV-NY Reg SHS | Add +101.5% | 0.06% | +0.04 |
| TMUS T-Mobile US Inc. | Add +10.0% | 0.22% | +0.04 |
| TBBB BBB Foods Inc. Class A | New | 0.04% | +0.04 |
| PIEQ Principal Intl Eqty ETF | Add +0.3% | 0.56% | +0.03 |
| PY Principal Value ETF | Add +155.1% | 0.05% | +0.03 |
| TPC Tutor Perini Corp. | New | 0.03% | +0.03 |
| VZ Verizon Communications Inc. | Add +0.9% | 0.13% | +0.03 |
| MSI Motorola Solutions Inc. | Add +20.3% | 0.10% | +0.03 |
| INTC Intel Corp. | Add +5.4% | 0.12% | +0.03 |
| IJH iShares Core S&P Midcap ETF | Add +213.1% | 0.04% | +0.03 |
| ODFL Old Dominion Freight Line | Add +43.7% | 0.06% | +0.03 |
| CASY Casey's General Stores Inc. | Add +2.1% | 0.10% | +0.03 |
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 |