# PRINCIPAL FINANCIAL GROUP INC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1126328. Source: https://holderbook.com/funds/1126328-principal-financial-group-inc/

- Reported value: $203.6B
- Positions: 2,154
- Weight of the ten largest: 19.5%
- Filed: 2026-08-04

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $7.7B | 38,405,664 | 3.8% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $6.2B | 21,451,663 | 3.0% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.1B | 13,740,829 | 2.5% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $4.1B | 17,085,402 | 2.0% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.7B | 10,361,802 | 1.8% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $3.3B | 8,723,896 | 1.6% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.5B | 7,171,781 | 1.2% | 31 |
| PRINCIPAL EXCHANGE TRADED FD | [USMC](https://holderbook.com/stocks/USMC/) | $2.4B | 32,298,980 | 1.2% | 31 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $2.3B | 55,057,354 | 1.2% | 15 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.3B | 4,066,508 | 1.1% | 31 |
| TRANSDIGM GROUP INC | [TDG](https://holderbook.com/stocks/TDG/) | $2.3B | 1,709,129 | 1.1% | 31 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $2.2B | 9,814,621 | 1.1% | 31 |
| HEICO CORP NEW | [HEIA](https://holderbook.com/stocks/HEIA/) | $2.0B | 7,707,811 | 1.0% | 31 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $2.0B | 1,902,047 | 1.0% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.9B | 1,674,981 | 0.9% | 31 |
| HILTON WORLDWIDE HLDGS INC | [HLT](https://holderbook.com/stocks/HLT/) | $1.9B | 5,836,454 | 0.9% | 31 |
| LIVE NATION ENTERTAINMENT IN | [LYV](https://holderbook.com/stocks/LYV/) | $1.8B | 9,967,266 | 0.9% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.8B | 2,423,361 | 0.9% | 31 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $1.8B | 19,677,109 | 0.9% | 31 |
| VULCAN MATLS CO | [VMC](https://holderbook.com/stocks/VMC/) | $1.6B | 5,466,956 | 0.8% | 31 |
| PRINCIPAL EXCHANGE TRADED FD | [LCAP](https://holderbook.com/stocks/LCAP/) | $1.6B | 48,561,966 | 0.8% | 6 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.6B | 4,693,213 | 0.8% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.6B | 3,781,228 | 0.8% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.6B | 4,823,651 | 0.8% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.5B | 1,255,719 | 0.7% | 31 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $1.4B | 10,193,516 | 0.7% | 31 |
| CBRE GROUP INC | [CBRE](https://holderbook.com/stocks/CBRE/) | $1.4B | 10,244,499 | 0.7% | 31 |
| TECK RESOURCES LTD | [TECK](https://holderbook.com/stocks/TECK/) | $1.4B | 23,000,233 | 0.7% | 18 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $1.3B | 14,208,385 | 0.6% | 31 |
| VENTAS INC | [VTR](https://holderbook.com/stocks/VTR/) | $1.2B | 13,969,657 | 0.6% | 31 |
| MARTIN MARIETTA MATLS INC | [MLM](https://holderbook.com/stocks/MLM/) | $1.2B | 2,116,369 | 0.6% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.2B | 2,356,440 | 0.6% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.2B | 2,391,693 | 0.6% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.2B | 2,040,946 | 0.6% | 31 |
| ENTEGRIS INC | [ENTG](https://holderbook.com/stocks/ENTG/) | $1.1B | 5,955,687 | 0.5% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.0B | 1,092,459 | 0.5% | 31 |
| BROWN & BROWN INC | [BRO](https://holderbook.com/stocks/BRO/) | $1.0B | 15,721,830 | 0.5% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $941.3M | 1,971,042 | 0.5% | 31 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $939.3M | 5,742,438 | 0.5% | 31 |
| PRINCIPAL EXCHANGE TRADED FD | [PSC](https://holderbook.com/stocks/PSC/) | $904.7M | 12,910,411 | 0.4% | 31 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $883.7M | 4,979,210 | 0.4% | 31 |
| PRINCIPAL EXCHANGE TRADED FD | [PIEQ](https://holderbook.com/stocks/PIEQ/) | $880.5M | 24,666,040 | 0.4% | 7 |
| EXTRA SPACE STORAGE INC | [EXR](https://holderbook.com/stocks/EXR/) | $880.1M | 6,057,187 | 0.4% | 31 |
| BROOKFIELD INFRASTRUCTURE PA | [BIP](https://holderbook.com/stocks/BIP/) | $867.6M | 23,776,567 | 0.4% | 31 |
| YUM CHINA HLDGS INC | [YUMC](https://holderbook.com/stocks/YUMC/) | $861.2M | 21,130,258 | 0.4% | 15 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $859.4M | 3,383,935 | 0.4% | 31 |
| HYATT HOTELS CORP | [H](https://holderbook.com/stocks/H/) | $858.8M | 4,430,258 | 0.4% | 31 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $856.4M | 15,924,939 | 0.4% | 18 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $834.1M | 1,924,829 | 0.4% | 7 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $822.1M | 6,012,990 | 0.4% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $818.4M | 14,362,582 | 0.4% | 31 |
| GALLAGHER ARTHUR J & CO | [AJG](https://holderbook.com/stocks/AJG/) | $802.3M | 3,494,796 | 0.4% | 31 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $787.3M | 11,027,249 | 0.4% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $765.3M | 2,047,839 | 0.4% | 20 |
| LIBERTY MEDIA CORP DEL | [FWONK](https://holderbook.com/stocks/FWONK/) | $760.8M | 7,996,585 | 0.4% | 12 |
| LPL FINL HLDGS INC | [LPLA](https://holderbook.com/stocks/LPLA/) | $756.3M | 2,684,964 | 0.4% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $740.2M | 5,301,170 | 0.4% | 31 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $736.1M | 1,603,274 | 0.4% | 29 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $729.2M | 1,008,591 | 0.4% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $710.1M | 8,737,836 | 0.3% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $705.7M | 662,735 | 0.3% | 31 |
| AMERICAN HOMES 4 RENT | [AMH](https://holderbook.com/stocks/AMH/) | $693.6M | 20,691,697 | 0.3% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $675.5M | 2,684,208 | 0.3% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $672.9M | 4,588,494 | 0.3% | 31 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $672.8M | 3,746,513 | 0.3% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $670.3M | 5,917,839 | 0.3% | 31 |
| AVALONBAY CMNTYS INC | [AVB](https://holderbook.com/stocks/AVB/) | $663.8M | 3,518,162 | 0.3% | 31 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $661.9M | 1,461,325 | 0.3% | 31 |
| REGENCY CTRS CORP | [REG](https://holderbook.com/stocks/REG/) | $634.2M | 7,952,827 | 0.3% | 31 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $631.3M | 1,127,265 | 0.3% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $610.6M | 4,751,479 | 0.3% | 31 |
| ESSEX PPTY TR INC | [ESS](https://holderbook.com/stocks/ESS/) | $610.3M | 2,092,902 | 0.3% | 31 |
| BROOKFIELD ASSET MANAGMT LTD | [BAM](https://holderbook.com/stocks/BAM/) | $607.8M | 13,551,754 | 0.3% | 15 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $601.2M | 307,791 | 0.3% | 31 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $593.0M | 2,836,822 | 0.3% | 31 |
| TYLER TECHNOLOGIES INC | [TYL](https://holderbook.com/stocks/TYL/) | $592.8M | 2,027,041 | 0.3% | 31 |
| SUNBELT RENTALS HOLDINGS INC | [SUNB](https://holderbook.com/stocks/SUNB/) | $591.4M | 7,934,212 | 0.3% | 2 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $583.9M | 1,404,760 | 0.3% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $566.2M | 4,820,488 | 0.3% | 31 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $564.5M | 1,870,959 | 0.3% | 31 |
| IRON MTN INC DEL | [IRM](https://holderbook.com/stocks/IRM/) | $552.4M | 4,373,424 | 0.3% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $538.8M | 3,056,002 | 0.3% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $518.5M | 3,128,012 | 0.3% | 31 |
| ICON PUB LTD CO | [ICLR](https://holderbook.com/stocks/ICLR/) | $512.6M | 2,950,974 | 0.3% | 31 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $507.5M | 2,664,239 | 0.2% | 31 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $500.9M | 1,334,480 | 0.2% | 31 |
| PERIMETER SOLUTIONS INC | [PRM](https://holderbook.com/stocks/PRM/) | $499.4M | 14,007,326 | 0.2% | 7 |
| FAIR ISAAC CORP | [FICO](https://holderbook.com/stocks/FICO/) | $496.8M | 415,795 | 0.2% | 31 |
| EQUITY LIFESTYLE PROPERTIES | [ELS](https://holderbook.com/stocks/ELS/) | $486.5M | 7,548,806 | 0.2% | 31 |
| SABRA HEALTH CARE REIT INC | [SBRA](https://holderbook.com/stocks/SBRA/) | $482.0M | 24,706,070 | 0.2% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $476.5M | 405,618 | 0.2% | 9 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $474.8M | 1,346,127 | 0.2% | 31 |
| EASTGROUP PPTYS INC | [EGP](https://holderbook.com/stocks/EGP/) | $467.9M | 2,310,283 | 0.2% | 31 |
| AMERICAN HEALTHCARE REIT INC | [AHR](https://holderbook.com/stocks/AHR/) | $465.1M | 8,917,875 | 0.2% | 10 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $463.2M | 1,359,475 | 0.2% | 31 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $461.0M | 2,061,411 | 0.2% | 31 |
| ARES MANAGEMENT CORPORATION | [ARES](https://holderbook.com/stocks/ARES/) | $449.7M | 4,040,482 | 0.2% | 28 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $447.3M | 3,195,739 | 0.2% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $444.4M | 856,362 | 0.2% | 14 |
| VALE S A | [VALE](https://holderbook.com/stocks/VALE/) | $437.8M | 29,112,147 | 0.2% | 10 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.7% | +14.8% | -3.1% | 100% |
| Q1 2026 | -4.4% | -4.6% | +0.2% | 100% |
| Q4 2025 | +0.2% | +2.4% | -2.1% | 100% |
| Q3 2025 | +4.9% | +7.8% | -2.9% | 100% |
| Q2 2025 | +7.6% | +10.5% | -2.9% | 100% |
| Q1 2025 | -3.1% | -4.6% | +1.5% | 100% |
| Q4 2024 | +0.1% | +2.1% | -2.1% | 100% |
| Q3 2024 | +7.9% | +5.4% | +2.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $203.6B | 2,154 |
| Q1 2026 | $187.2B | 2,177 |
| Q4 2025 | $195.9B | 2,180 |
| Q3 2025 | $198.3B | 2,246 |
| Q2 2025 | $189.2B | 2,224 |
| Q1 2025 | $178.2B | 2,171 |
| Q4 2024 | $183.4B | 2,208 |
| Q3 2024 | $183.2B | 2,222 |
| Q2 2024 | $168.4B | 2,361 |
| Q1 2024 | $170.1B | 2,427 |
| Q4 2023 | $156.8B | 2,418 |
| Q3 2023 | $139.2B | 2,436 |