Principal Securities, Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 30, 2025), Principal Securities, Inc. reported 3,539 stock positions worth $4.5 billion. Its top holding was Principal US Mega-Cap ETF (USMC) at 5.9% of the portfolio, followed by iShares Core U.S. Aggregate (AGG, 2.3%) and Principal US Small-Cap ETF (PSC, 1.9%). Compared with Q4 2024, it opened 5 new positions, added to 394 and reduced 10. The biggest buy was Pepsico (PEP, shares +333%) and the biggest sale iShares MSCI USA Quality Fac (QUAL, shares −0%).

Most Recent 13F
Q2 2026
Location
DES MOINES, IA
CIK
0000012600
Portfolio Value
$4.5B (Q1 2025)
SEC Filing
0000012600-25-000006 ↗ filed Apr 30, 2025

Holdings Value

0$2.0B$4.0B$6.0B$8.0B$10.0B Q1 2024: $3.2B Q1 2024 Q2 2024: $3.6B Q2 2024 Q3 2024: $4.1B Q3 2024 Q4 2024: $4.4B Q4 2024 Q1 2025: $4.5B $4.5B Q1 2025 Q2 2025: $5.3B Q2 2025 Q3 2025: $6.1B Q3 2025 Q4 2025: $6.5B Q4 2025 Q1 2026: $6.8B Q1 2026 Q2 2026: $8.3B Q2 2026

Holdings 3,539 stocks · $4.5B
USMC Principal US Mega-Cap ETF 5.87% 4,368,167 $262.2M Add +0.0%
AGG iShares Core U.S. Aggregate 2.28% 1,052,405 $102.0M Add +0.9%
PSC Principal US Small-Cap ETF 1.95% 1,698,988 $87.1M Add +0.1%
IVV iShares Core S&P 500 ETF 1.85% 140,577 $82.8M Add +1.1%
GSUS Goldman Sachs Marketbeta US 1.83% 1,011,035 $81.7M No change
MSFT Microsoft Corp. 1.43% 151,078 $63.7M Add +0.4%
BCHP Principal Foc Blue Chip ETF 1.42% 1,861,102 $63.3M Add +0.1%
SPYG SS SPDR P S&P 500 Growth ETF 1.37% 697,501 $61.3M No change
AMZN Amazon.com Inc. 1.32% 269,503 $59.1M Add +0.7%
AAPL Apple Inc. 1.24% 221,261 $55.4M Add +0.7%
SPYM Ste STR SPDR PT S&P 500 ETF 1.24% 802,689 $55.3M No change
IWB iShares Russell 1000 ETF 1.20% 165,941 $53.5M Add +0.1%
IEFA iShares Core MSCI Eafe ETF 1.06% 676,722 $47.6M Add +0.1%
IDEV iShares Core MSCI Dev MKTS 1.00% 690,887 $44.5M No change
IG Prin Invest Grad Corp. ETF-Ui 0.97% 2,137,920 $43.5M No change
NVDA Nvidia Corp. 0.97% 323,340 $43.4M Add +1.0%
PY Principal Value ETF 0.97% 876,755 $43.4M Add +0.0%
GSIE Goldman Sachs Activebeta Int 0.86% 1,157,566 $38.6M No change
IWY iShares Russell Top 200 Grow 0.86% 162,735 $38.3M No change
IJR iShares Core S&P Small-Cap E 0.85% 328,164 $37.8M Add +0.2%
IEMG iShares Core MSCI Emerging 0.83% 709,753 $37.1M Add +0.1%
VTI VG Morningstar TS MKT ETF-US 0.82% 126,084 $36.5M No change
SCHP Schwab U.S. Tips ETF 0.79% 1,357,885 $35.1M Add +0.2%
IVW iShares S&P 500 Growth ETF 0.77% 336,715 $34.2M Add +0.1%
GOOGL Alphabet Inc. Class A 0.73% 171,254 $32.4M Add +0.2%
IUSV iShares Core S&P U.S. Value 0.70% 337,046 $31.2M No change
XMMO Invesco S&P Midcap Momentum 0.69% 248,852 $30.7M No change
GCOR Goldman Sachs Access US Agg 0.68% 756,943 $30.5M No change
META Meta Platforms Inc. Class A 0.68% 51,537 $30.2M Add +0.4%
PIEQ Principal Intl Eqty ETF 0.64% 1,180,267 $28.5M No change
IVE iShares S&P 500 Value ETF 0.61% 143,556 $27.4M Add +0.1%
IXUS iShares Core Intl Stock ETF 0.61% 413,706 $27.4M Add +0.0%
BND Vanguard Total Bond Market 0.60% 374,079 $26.9M No change
GSLC Goldman Activebeta US LC ETF 0.55% 213,145 $24.6M No change
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.55% 932,737 $24.4M No change
VTV Vanguard Mrngstr Val ETF-Aui 0.55% 144,176 $24.4M Add +0.8%
JEPI JPMorgan Equity Premium Inco 0.51% 398,768 $22.9M Add +0.4%
SPMO Invesco S&P 500 Momentum ETF 0.51% 240,915 $22.9M No change
QQQ Invesco QQQ Trust Series 1 0.50% 43,663 $22.3M Add +0.1%
SCHG Schwab US Large-Cap Growth 0.49% 793,603 $22.1M Add +0.0%
VGLT Vanguard Long-Term Treasury 0.49% 399,363 $22.1M No change
V Visa Inc. Class A 0.49% 69,269 $21.9M Add +0.5%
VEA Vanguard Ftse Developed ETF 0.48% 450,973 $21.6M Add +0.5%
QYLD Global X Nasd 100 Cov Call 0.45% 1,110,269 $20.2M Add +0.5%
AVGO Broadcom Inc. 0.45% 86,447 $20.0M Add +0.1%
PSET Principal Quality ETF 0.44% 277,535 $19.9M Add +0.1%
GOOG Alphabet Inc. Class C 0.44% 103,361 $19.7M Add +0.7%
IUSG iShares Core S&P U.S. Growth 0.44% 140,087 $19.5M No change
BRK.B Berkshire Hathaway Inc. Class B 0.43% 42,729 $19.4M Add +0.7%
JPM JPMorgan Chase & Co. 0.42% 77,523 $18.6M Add +0.4%
APUE Activepassive US Equity ETF 0.42% 519,300 $18.6M No change
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.41% 402,054 $18.2M Add +0.3%
XYLD Global X S&P 500 Cove Call E 0.39% 415,590 $17.4M Add +0.6%
YLD Principal Act Hi YLD ETF 0.36% 849,822 $16.3M Add +0.1%
MA Mastercard Inc. Class A 0.36% 30,552 $16.1M No change
XETYX Eaton Vance Tax-MGD Div Eqty 0.35% 1,058,660 $15.8M Add +0.3%
PEP Pepsico Inc. 0.35% 103,004 $15.7M Add +333.0%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.34% 195,586 $15.4M Add +0.0%
TSM Taiwan Semiconductor-SP ADR 0.33% 75,580 $14.9M Add +0.2%
VOX Vanguard Communication Servi 0.33% 95,576 $14.8M Add +0.1%
EWU iShares MSCI United Kingdom 0.32% 417,422 $14.2M No change
SIZE iShares MSCI USA Size Factor 0.31% 93,384 $13.9M No change
LLY Eli Lilly & Co. 0.31% 17,907 $13.8M Add +0.3%
VXF Vanguard Extended Market ETF 0.30% 70,759 $13.4M Add +0.9%
UNH Unitedhealth Group Inc. 0.30% 26,354 $13.3M No change
GIGB Goldman Sachs Inv GRD Corp. 0.29% 290,494 $13.1M No change
PCN PIMCO Corporate & Income STR 0.29% 970,737 $13.0M Add +0.4%
VFH Vanguard Financials ETF 0.29% 107,931 $12.7M No change
IQLT iShares MSCI International Q 0.28% 334,789 $12.4M Add +1.1%
COWZ Pacer US Cash Cows 100 ETF 0.28% 219,790 $12.4M Add +0.1%
VCIT Vanguard Int-Term Corporate 0.27% 150,635 $12.1M Add +0.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.27% 45,072 $11.9M Add +2.3%
BKNG Booking Holdings Inc. 0.26% 2,313 $11.5M Add +0.1%
SPHQ Invesco S&P 500 Quality ETF 0.26% 170,903 $11.5M No change
VB Vanguard Most SM-Cap ETF-Usd 0.26% 47,618 $11.4M Add +2.7%
TLT iShares 20+ Year Treasury BD 0.26% 130,956 $11.4M No change
TSLA Tesla Inc. 0.25% 28,074 $11.3M Add +0.8%
IJH iShares Core S&P Midcap ETF 0.25% 178,111 $11.1M No change
CRM Salesforce Inc. 0.24% 32,673 $10.9M No change
CMDY iShares Bloomberg Roll Selec 0.24% 225,401 $10.7M No change
QUAL iShares MSCI USA Quality Fac 0.24% 59,316 $10.6M Reduce -0.0%
VCSH Vanguard S/T Corp. Bond ETF 0.23% 133,617 $10.4M Add +1.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.23% 17,767 $10.4M No change
MBB iShares MBS ETF 0.23% 113,167 $10.4M Add +0.1%
USHY iShares Broad Usd High Yield 0.23% 280,270 $10.3M No change
FNDE Schwab Fndmntl Em MRK Eq ETF 0.23% 354,140 $10.3M No change
MLPX Global X MLP & Energy Infras 0.23% 168,781 $10.2M No change
VHT Vanguard Health Care ETF 0.22% 39,572 $10.0M No change
SCHW Schwab (charles) Corp. 0.22% 133,843 $9.9M No change
XOM Exxon Mobil Corp. 0.22% 91,683 $9.9M Add +0.2%
VSS Vanguard Ftse All Wo X-US SC 0.22% 84,521 $9.7M Add +0.1%
PQDI Principal SP & Inc. ETF-US Inc. 0.22% 508,096 $9.6M No change
VWO Vanguard Ftse Emerging Marke 0.22% 218,547 $9.6M Add +0.7%
SCHD Schwab US DVD Equity ETF 0.21% 348,090 $9.5M Add +0.6%
GSY Invesco Ultra Short Duration 0.21% 189,385 $9.5M Add +0.8%
SPHY SS SPDR P High Yield ETF 0.21% 403,614 $9.5M No change
APIE Activepassive Intl Eqty ETF 0.21% 336,200 $9.4M No change
WMT Walmart Inc. 0.21% 103,764 $9.4M Add +0.3%
SCHH Schwab US REIT ETF 0.21% 443,607 $9.3M Add +1.1%
IYW iShares Ustechnology ETF 0.20% 57,157 $9.1M Add +1.2%

Show all 3,539 holdings

Other holdings (10): bonds, preferreds, convertibles and warrants · $1.3M (not counted above)
SecurityClassShares / PrincipalValueChange
FLAGSTAR BANK NA (FLG 6 11/01/51) UNIT 05/07/2051 31,517$1.2MNo change
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 53$65KNo change
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 45$54KNo change
PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) NOTE 6.375% 3/0 · principal 10,000$10KNo change
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 232$6KAdd +5.5%
EXEEL Chesapeake Energy Corp. -CW26 *W EXP 02/09/202 2$173No change
NE.WS Noble Corp. PLC-28 *W EXP 02/04/202 9$107No change
NOBLE CORP PLC-28 *W EXP 02/04/202 9$93No change
VAL.WS Valaris Ltd. -CW28 *W EXP 04/29/202 2$14No change
DSX.WS Diana Shipping Inc.-28 *W EXP 12/14/202 104$12No change
Lines left out (1) · $33 — a value with no share or principal amount
SecurityClassSharesValue
GMF State Street SPDR S&P Emergi ST STR ASIA ETF0$33

Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.

Total filed on the 13F, all lines: $4.5B.

Portfolio Sells Q4 2024 → Q1 2025
QUAL iShares MSCI USA Quality Fac Reduce -0.0% 0.24% −0.00
DYNF Ishrs US E F R A ETF-Usd Inc. Reduce -0.0% 0.16% −0.00
EFG iShares MSCI Eafe Growth ETF Reduce -0.0% 0.16% −0.00
EMXC iShares MSCI Emr MRK Ex Chna Reduce -0.0% 0.09% −0.00
MTUM iShares MSCI USA Momentum Fa Reduce -0.0% 0.06% −0.00
MTH Meritage Homes Corp. Reduce -50.0% 0.00% 0.00
IX Orix - Sponsored ADR Reduce -80.0% 0.00% 0.00
RLI Rli Corp. Reduce -50.0% 0.00% 0.00
SEZL Sezzle Inc. Reduce -83.3% 0.00% 0.00
EVX Vaneck Environmental Service Reduce -80.0% 0.00% 0.00

Portfolio Buys Q4 2024 → Q1 2025
PEP Pepsico Inc. Add +333.0% 0.35% +0.27
VRSK Verisk Analytics Inc. Add +71.1% 0.06% +0.02
PFG Principal Financial Group Add +254.0% 0.02% +0.01
SPLB SS SPDR P Long Term C ETF Add +23.3% 0.05% +0.01
IWL iShares Russell Top 200 ETF Add +44.2% 0.03% +0.01
IVV iShares Core S&P 500 ETF Add +1.1% 1.85% +0.01
AGG iShares Core U.S. Aggregate Add +0.9% 2.28% +0.01
PGR Progressive Corp. Add +6.8% 0.10% +0.01
VB Vanguard Most SM-Cap ETF-Usd Add +2.7% 0.26% +0.01
SHOP Shopify Inc. Class A Add +15.6% 0.04% +0.00
FALN iShares Fallen Angels ETF Add +19.7% 0.03% +0.00
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +2.3% 0.27% +0.00
DGRO iShares Core Dividend Growth Add +3.6% 0.14% +0.00
JSML Janus Hender SM Cap GRW Alph Add +70.7% 0.01% +0.00
IWR iShares Russell Mid-Cap ETF Add +5.3% 0.09% +0.00
ANGL Vaneck Fallen Angel High YLD Add +5.9% 0.08% +0.00
NVDA Nvidia Corp. Add +1.0% 0.97% +0.00
BNDX Vanguard Total Intl Bond ETF Add +4.1% 0.10% +0.00
USMV iShares MSCI USA Min Vol Fac Add +2.5% 0.19% +0.00
RPG Invesco S&P 500 Pure Growth Add +44.9% 0.01% +0.00
EEM iShares MSCI Emerging Market Add +14.4% 0.02% +0.00
DLN Wisdomtree US Largecap Divid Add +18.6% 0.02% +0.00
EFAV iShares MSCI Eafe Min Vol Fa Add +1.9% 0.18% +0.00
ICSH iShares Ultra Short Duration Add +5.6% 0.05% +0.00
BX Blackstone Inc. Add +3.1% 0.07% +0.00
CRWD CrowdStrike Holdings Inc. Class A Add +2.4% 0.10% +0.00
IMCG iShares Morningstar Mid-Cap Add +4.1% 0.05% +0.00
ITA iShares U.S. Aerospace & Def Add +4.4% 0.05% +0.00
LULU Lululemon Athletica Inc. Add +5.8% 0.03% +0.00
RSP Invesco S&P 500 Equal Weight Add +2.4% 0.09% +0.00
CEMB iShares JP Morgan Em Corpora Add +16.9% 0.01% +0.00
IAGG iShares Intl Aggregate Bond Add +27.3% 0.01% +0.00
VCSH Vanguard S/T Corp. Bond ETF Add +1.3% 0.23% +0.00
IGSB iShares 1-5Y Inv Grade Corp. Add +10.1% 0.01% +0.00
SCZ iShares MSCI Eafe Small-Cap Add +3.9% 0.04% +0.00
IQLT iShares MSCI International Q Add +1.1% 0.28% +0.00
VTV Vanguard Mrngstr Val ETF-Aui Add +0.8% 0.55% +0.00
FDVV Fidelity High Dividend ETF Add +2.6% 0.06% +0.00
IJK iShares S&P Mid-Cap 400 Grow Add +4.8% 0.03% +0.00
IYW iShares Ustechnology ETF Add +1.2% 0.20% +0.00
CWB SS SPDR BB Conv Sec ETF Add +2.9% 0.05% +0.00
VICI Vici Properties Inc. Add +6.0% 0.02% +0.00
EFA iShares MSCI Eafe ETF Add +3.4% 0.04% +0.00
VNQ Vanguard Real Estate ETF Add +9.0% 0.01% +0.00
AGNG GLB X Aging Population ETF Add +7.0% 0.01% +0.00
ILCG iShares Morningstar Growth E Add +7.4% 0.01% +0.00
SCHH Schwab US REIT ETF Add +1.1% 0.21% +0.00
VXF Vanguard Extended Market ETF Add +0.9% 0.30% +0.00
RACE Ferrari NV Add +11.5% 0.01% +0.00
AMZN Amazon.com Inc. Add +0.7% 1.32% +0.00

Notes & Other Activity Q4 2024 → Q1 2025
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 Add +5.5% 232 $6K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1,538$8.3BPIEQ, USMC, IVV, LCAP, PSC
Q1 2026 1,410$6.8BUSMC, IVV, PSC, PIEQ, LCAP
Q4 2025 1,344$6.5BUSMC, IVV, BCHP, AGG, PSC
Q3 2025 3,718$6.1BUSMC, IVV, AGG, BCHP, PSC
Q2 2025 3,663$5.3BUSMC, IVV, PSC, AGG, BCHP
Q1 2025 3,539$4.5BUSMC, AGG, PSC, IVV, GSUS
Q4 2024 3,534$4.4BUSMC, AGG, PSC, IVV, GSUS
Q3 2024 3,422$4.1BUSMC, IEFA, IVV, AGG, GSUS
Q2 2024 3,380$3.6BUSMC, IVV, IEFA, AGG, GSUS
Q1 2024 3,306$3.2BUSMC, IVV, IEFA, AGG, GSUS