Top Institutional Investors

Principal Financial Group, Inc. — 13F Holdings & Portfolio

CIK 1126328 · latest 13F-HR filed 2026-11-02

Backtest portfolio

Principal Financial Group, Inc. manages $194.86B in 13F-reported U.S. long-equity assets across 4,637 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are NVDA (4.31%), AAPL (3.47%), MSFT (3.14%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 193 new positions and exited 113; 666 existing positions rose in reported value and 1,038 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$194.86B

Long-equity book

Holdings
4,637

Distinct positions

Period
2026-09-30

Filed 2026-11-02

Q/Q Activity
+193 / −113 / ↑666 / ↓1038

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
NVDA4.4% · -2%AAPL3.5% · -4%MSFT3.2% · -11%USMC2.0% · +58%AMZN2.0% · -8%GOOGL1.9% · +4%AVGO1.5% · -3%META1.5% · -1%GOOG1.1% · -9%WELL1.0% · -12%BN1.0% · -2%TDG1.0% · +2%EQIX0.9% · -6%MU0.9% · -1%HLT0.9% · -10%JPM0.8% · +3%LCAP0.8% · +0%IVV0.8% · -12%HEI.A0.8% · -8%V0.8% · -6%LLY0.8% · +5%KKR0.8% · -16%AMD0.7% · +15%TECK0.7% · -7%TSLA0.7% · +0%LYV0.7% · -22%BRK.B0.6% · +5%PLD0.6% · -7%PSC0.6% · newVEEV0.6% · -15%VTR0.6% · -1%MA0.6% · -10%MLM0.6% · +13%VMC0.6% · -16%COST0.6% · +12%SPOT0.6% · +37%SU0.5% · -3%XOM0.5% · +7%CBRE0.5% · -22%AMT0.5% · -1%TSM0.5% · 0%YUMC0.5% · +3%PIEQ0.5% · +0%ENTG0.5% · -4%LRCX0.4% · +38%ORLY0.4% · -29%JNJ0.4% · -6%EXR0.4% · +2%BAC0.4% · +2%AJG0.4% · -1%KO0.4% · +3%INTC0.4% · +17%DASH0.4% · +226%BRO0.4% · -25%DLR0.4% · +8%ABBV0.4% · -1%MRK0.4% · +1%LPLA0.4% · -16%MCO0.3% · +2%H0.3% · -7%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 22.2%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 29, 2017.

Assets Under Management
$183.08B
Discretionary
$183.08B
Employees
178
Accounts
148
Address
801 GRAND AVENUE
DES MOINES, IA 50392-2080
Phone
(800) 787-1621
Mailing Address
THE PRINCIPAL FINANCIAL GROUP 711 HIGH STREET, DES MOINES, IA, 50392-0200
Name Title / Status Ownership Type
BEER, MICHAEL, JON ControlPRESIDENT, DIRECTOR AND CEO
since Feb 2002
Less than 5%Individual
BOLLIN, TRACY, WAYNE ControlSENIOR VICE PRESIDENT, CHIEF OPERATING OFFICER AND DIRECTOR
since Oct 2015
Less than 5%Individual
BROWN, DAVID, JAMES ControlSENIOR VICE PRESIDENT
since Sep 2004
Less than 5%Individual
MCCAUGHAN, JAMES, PATRICK ControlDIRECTOR
since Nov 2016
Less than 5%Individual
PRINCIPAL FINANCIAL SERVICES, INC. Control100% STOCKHOLDER
since Dec 2006
75% or moreDomestic Entity
ROOT, TERI, RENAE ControlVICE PRESIDENT AND CHIEF COMPLIANCE OFFICER
since Oct 2015
Less than 5%Individual
SCHOLTEN, MICHAEL, JOSEPH ControlCHIEF FINANCIAL OFFICER
since Mar 2015
Less than 5%Individual
SHAFF, KAREN, ELIZABETH ControlDIRECTOR, EXECUTIVE VICE PRESIDENT/GENERAL COUNSEL AND SECRETARY
since Nov 2016
Less than 5%Individual
PRINCIPAL FINANCIAL GROUP, INC. Control
Indirect owner via PRINCIPAL FINANCIAL SERVICES, INC.
100% STOCKHOLDER
since Apr 2001
75% or moreDomestic Entity
Ownership & leadership changes · 9 filings with changes since Mar 26, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 29, 2017 filing
  • No longer listedELMING, GREGORY, BERNARD · DIRECTOR · Less than 5% · control person · listed since Nov 2012
Dec 19, 2016 filing
  • No longer listedWELCH, RANDY, LYNN · DIRECTOR · Less than 5% · control person · listed since Mar 2015
  • AddedMCCAUGHAN, JAMES, PATRICK · DIRECTOR · Less than 5% · control person
  • ChangedSHAFF, KAREN, ELIZABETH · title EXECUTIVE VICE PRESIDENT/GENERAL COUNSEL AND SECRETARY → DIRECTOR, EXECUTIVE VICE PRESIDENT/GENERAL COUNSEL AND SECRETARY
May 17, 2016 filing
  • No longer listedWOODS, CLINTON, LEE · CHIEF LEGAL OFFICER AND COUNSEL · Less than 5% · control person · listed since Jan 2015
  • AddedSHAFF, KAREN, ELIZABETH · EXECUTIVE VICE PRESIDENT/GENERAL COUNSEL AND SECRETARY · Less than 5% · control person
Mar 29, 2016 filing
  • Listed againWOODS, CLINTON, LEE · CHIEF LEGAL OFFICER AND COUNSEL · Less than 5% · control person
Nov 4, 2015 filing
  • No longer listedGILLUM, ERNEST, HAROLD · VICE PRESIDENT AND CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Sep 2004
  • AddedROOT, TERI, RENAE · VICE PRESIDENT AND CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedBEER, MICHAEL, JON · title PRESIDENT AND CEO → PRESIDENT, DIRECTOR AND CEO
  • ChangedBOLLIN, TRACY, WAYNE · title SENIOR VICE PRESIDENT AND DIRECTOR → SENIOR VICE PRESIDENT, CHIEF OPERATING OFFICER AND DIRECTOR
Apr 1, 2015 filing
  • No longer listedEVERETT, NORA, MARY · PRESIDENT AND CHAIRMAN · Less than 5% · control person · listed since Aug 2011
  • No longer listedWOODS, CLINTON, LEE · CHIEF LEGAL OFFICER AND COUNSEL · Less than 5% · control person · listed since Jan 2015
  • AddedSCHOLTEN, MICHAEL, JOSEPH · CHIEF FINANCIAL OFFICER · Less than 5% · control person
  • AddedWELCH, RANDY, LYNN · DIRECTOR · Less than 5% · control person
  • ChangedBEER, MICHAEL, JON · title DIRECTOR AND EXECUTIVE VICE PRESIDENT AND COO → PRESIDENT AND CEO
  • ChangedBOLLIN, TRACY, WAYNE · title CHIEF FINANCIAL OFFICER AND DIRECTOR → SENIOR VICE PRESIDENT AND DIRECTOR
Jan 5, 2015 filing
  • No longer listedROUGHTON, MICHAEL, DENNIS · SENIOR VICE PRESIDENT AND COUNSEL · Less than 5% · control person · listed since Sep 2004
  • AddedWOODS, CLINTON, LEE · CHIEF LEGAL OFFICER AND COUNSEL · Less than 5% · control person
Sep 4, 2014 filing
  • No longer listedBROWN, JILL, R · DIRECTOR AND SENIOR VICE PRESIDENT · Less than 5% · control person · listed since Nov 2012
  • ChangedBOLLIN, TRACY, WAYNE · title CHIEF FINANCIAL OFFICER → CHIEF FINANCIAL OFFICER AND DIRECTOR
Nov 19, 2012 filing
  • No longer listedEUCHER, RALPH, CRAIG · DIRECTOR · Less than 5% · control person · listed since Mar 2008
  • AddedELMING, GREGORY, BERNARD · DIRECTOR · Less than 5% · control person
  • ChangedBROWN, JILL, R · title DIRECTOR → DIRECTOR AND SENIOR VICE PRESIDENT
Mar 26, 2012 filing (earliest on record)
  • ListedBEER, MICHAEL, JON · DIRECTOR AND EXECUTIVE VICE PRESIDENT AND COO · Less than 5% · control person
  • ListedBOLLIN, TRACY, WAYNE · CHIEF FINANCIAL OFFICER · Less than 5% · control person
  • ListedBROWN, DAVID, JAMES · SENIOR VICE PRESIDENT · Less than 5% · control person
  • ListedBROWN, JILL, R · DIRECTOR · Less than 5% · control person
  • ListedEUCHER, RALPH, CRAIG · DIRECTOR · Less than 5% · control person
  • ListedEVERETT, NORA, MARY · PRESIDENT AND CHAIRMAN · Less than 5% · control person
  • ListedGILLUM, ERNEST, HAROLD · VICE PRESIDENT AND CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ListedPRINCIPAL FINANCIAL GROUP, INC. · 100% STOCKHOLDER · 75% or more · indirect via PRINCIPAL FINANCIAL SERVICES, INC. · control person
  • ListedPRINCIPAL FINANCIAL SERVICES, INC. · 100% STOCKHOLDER · 75% or more · control person
  • ListedROUGHTON, MICHAEL, DENNIS · SENIOR VICE PRESIDENT AND COUNSEL · Less than 5% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Principal Financial Group, Inc. Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 NVIDIA CORPORATION NVDA 67066G104 $8.40B 4.31% 36,794,776 SH
2 APPLE INC AAPL 037833100 $6.76B 3.47% 20,286,745 SH
3 MICROSOFT CORP MSFT 594918104 $6.12B 3.14% 11,924,197 SH
4 AMAZON COM INC AMZN 023135106 $3.80B 1.95% 15,248,037 SH
5 PRINCIPAL EXCHANGE TRADED FD USMC 74255Y870 $3.66B 1.88% 47,840,731 SH
6 ALPHABET INC GOOGL 02079K305 $3.60B 1.85% 10,467,282 SH
7 BROADCOM INC AVGO 11135F101 $2.91B 1.49% 8,276,908 SH
8 META PLATFORMS INC META 30303M102 $2.84B 1.46% 3,912,428 SH
9 ALPHABET INC GOOG 02079K107 $2.18B 1.12% 6,400,663 SH
10 WELLTOWER INC WELL 95040Q104 $1.94B 0.99% 8,416,588 SH
11 BROOKFIELD CORP BN 11271J107 $1.86B 0.96% 51,056,170 SH
12 TRANSDIGM GROUP INC TDG 893641100 $1.79B 0.92% 1,654,349 SH
13 EQUINIX INC EQIX 29444U700 $1.78B 0.91% 1,756,701 SH
14 MICRON TECHNOLOGY INC MU 595112103 $1.74B 0.89% 1,636,691 SH
15 JPMORGAN CHASE & CO JPM 46625H100 $1.62B 0.83% 4,900,822 SH
16 HILTON WORLDWIDE HLDGS INC HLT 43300A203 $1.61B 0.83% 5,055,595 SH
17 VISA INC V 92826C839 $1.54B 0.79% 4,283,933 SH
18 HEICO CORP NEW HEI.A 422806208 $1.54B 0.79% 6,732,726 SH
19 ELI LILLY & CO LLY 532457108 $1.51B 0.77% 1,302,814 SH
20 PRINCIPAL EXCHANGE TRADED FD LCAP 74255Y680 $1.50B 0.77% 44,540,209 SH
21 KKR & CO INC KKR 48251W104 $1.44B 0.74% 15,748,381 SH
22 ADVANCED MICRO DEVICES INC AMD 007903107 $1.42B 0.73% 2,318,415 SH
23 TECK RESOURCES LTD TECK 878742204 $1.41B 0.72% 21,296,760 SH
24 TESLA INC TSLA 88160R101 $1.32B 0.68% 3,730,629 SH
25 LIVE NATION ENTERTAINMENT IN LYV 538034109 $1.25B 0.64% 7,360,622 SH
26 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $1.24B 0.63% 2,483,182 SH
27 PROLOGIS INC. PLD 74340W103 $1.21B 0.62% 9,302,501 SH
28 VEEVA SYS INC VEEV 922475108 $1.15B 0.59% 4,025,774 SH
29 VENTAS INC VTR 92276F100 $1.15B 0.59% 13,490,671 SH
30 PRINCIPAL EXCHANGE TRADED FD PSC 74255Y607 $1.14B 0.59% 17,122,436 SH
31 MASTERCARD INCORPORATED MA 57636Q104 $1.12B 0.58% 2,037,301 SH
32 COSTCO WHOLESALE CORPORATION COST 22160K105 $1.10B 0.56% 1,208,468 SH
33 MARTIN MARIETTA MATLS INC MLM 573284106 $1.09B 0.56% 2,276,075 SH
34 VULCAN MATLS CO VMC 929160109 $1.07B 0.55% 4,385,178 SH
35 SPOTIFY TECHNOLOGY S A SPOT L8681T102 $1.06B 0.54% 2,173,494 SH
36 SUNCOR ENERGY INC NEW SU 867224107 $1.05B 0.54% 15,450,298 SH
37 EXXONMOBIL HOLDINGS CORP XOM 30233Q108 $1.04B 0.53% 6,390,783 SH
38 CBRE GROUP INC CBRE 12504L109 $969.9M 0.50% 7,549,812 SH
39 AMERICAN TOWER CORP AMT 03027X100 $901.0M 0.46% 5,504,249 SH
40 YUM CHINA HLDGS INC YUMC 98850P109 $896.8M 0.46% 21,800,611 SH
41 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $893.8M 0.46% 1,959,226 SH
42 LAM RESEARCH CORP LRCX 512807306 $856.4M 0.44% 2,606,964 SH
43 ISHARES TR IVV 464287200 $847.0M 0.43% 1,106,000 SH
44 ENTEGRIS INC ENTG 29362U104 $838.8M 0.43% 5,444,559 SH
45 JOHNSON & JOHNSON JNJ 478160104 $831.7M 0.43% 3,141,565 SH
46 PRINCIPAL EXCHANGE TRADED FD PIEQ 74255Y698 $809.2M 0.42% 22,341,530 SH
47 OREILLY AUTOMOTIVE INC ORLY 67103H107 $806.1M 0.41% 9,437,665 SH
48 EXTRA SPACE STORAGE INC EXR 30225T102 $792.7M 0.41% 6,027,687 SH
49 BANK OF AMER CORP BAC 060505104 $785.4M 0.40% 14,429,058 SH
50 ISHARES TR IVV 464287200 $779.9M 0.40% 1,018,281 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-11-02 $194.86B 4,637 0001126328-26-000225
2026-06-30 2026-08-04 $203.64B 4,413 0001126328-26-000178
2026-03-31 2026-05-04 $187.24B 4,452 0001126328-26-000103
2025-12-31 2026-02-02 $195.86B 4,456 0001126328-26-000011
Filer Information
Address
711 HIGH STREET
DES MOINES, IA 50392
Phone
(515) 247-5111
Filing Manager
PRINCIPAL FINANCIAL GROUP INC
DES MOINES, IA
Signatory
Jill Hittner
Chief Financial Officer, Principal Global Investors, LLC