PRINCIPAL FINANCIAL GROUP INC

CIK

1126328

Location

DES MOINES, IA

Portfolio Value

Mega $174,337,262,397

Diversification

Diversified

Filing Date

Global Rank

#48 / 8,607 ▼ 3 · as of Mar 2026

Top Industry

Semiconductors 7.4%

3Y Alpha vs SPY

-6.8%

Period ended 3 months ago

Filed May 4, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+47.1%

SPY

+75.5%

Annualised alpha

-6.9%

Max drawdown

−18.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

2,052 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

4.0%

+0.0 pts

Top 5

14.4%

−1.0 pts

Top 10

21.3%

−1.8 pts

HHI

Diversified−10

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	21.7%	$37,832,012,749	318
Financial Services	15.5%	$26,960,718,994	311
Real Estate	12.5%	$21,849,291,929	142
Consumer Cyclical	10.8%	$18,888,969,065	247
Industrials	10.3%	$17,978,534,680	307
Healthcare	8.1%	$14,083,803,708	290
Communication Services	6.5%	$11,304,567,760	71
Basic Materials	4.7%	$8,121,218,037	97
Energy	3.8%	$6,656,784,227	107
Consumer Defensive	3.3%	$5,772,544,183	89
Utilities	2.7%	$4,632,986,396	67
Unclassified	0.1%	$255,830,669	6

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
HDB	Hdfc Bank Ltd	+17,871,520	17,977,844	$447,288,758
GRAB	Grab Holdings Ltd	+8,244,732	21,422,123	$78,404,970
NG	Novagold Resources Inc	+5,704,403	5,722,006	$51,383,613
VALE	Vale S.A.	+4,882,675	5,262,015	$83,718,658
BAM	Brookfield Asset Management Ltd.	+4,872,090	12,735,547	$566,095,063
TUYA	Tuya Inc.	+4,821,442	8,780,143	$20,282,130
BRX	Brixmor Property Group Inc.	+4,518,001	5,176,486	$149,082,795
NICE	NICE Ltd.	+4,315,414	4,578,940	$504,873,924
TECK	Teck Resources Ltd	+3,211,985	22,044,284	$1,140,791,697
AMH	American Homes 4 Rent	+3,126,434	18,937,398	$528,732,151
LYFT	Lyft, Inc.	+3,033,333	4,246,519	$56,478,701
TRNO	Terreno Realty Corp	+2,979,982	4,188,453	$257,254,780
HLN	Haleon plc	+2,793,333	2,803,530	$28,063,335
CURB	Curbline Properties Corp.	+2,714,859	5,176,015	$133,489,426
RITM	Rithm Capital Corp.	+2,678,431	2,693,696	$25,536,237
ADT	ADT Inc.	+2,447,932	2,462,039	$16,175,595
SLSR	Solaris Resources Inc.	+2,234,530	3,000,000	$25,740,000
TOST	Toast, Inc.	+2,111,009	7,977,244	$211,476,736
PRM	Perimeter Solutions, Inc.	+1,634,158	12,513,159	$305,571,341
AQN	Algonquin Power & Utilities Corp.	+1,563,924	13,633,904	$83,712,170
IVT	InvenTrust Properties Corp.	+1,539,672	7,729,381	$235,436,943
ONB	Old National Bancorp /In/	+1,478,171	2,232,316	$49,334,183
KKR	KKR & Co. Inc.	+1,261,314	19,507,741	$1,804,466,041
CCC	CCC Intelligent Solutions Holdings Inc.	+1,189,466	37,848,476	$227,090,856
ODV	Osisko Development Corp.	+1,154,800	7,403,436	$24,061,167
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
DOC	Healthpeak Properties, Inc.	−7,916,128	18,765,643	$308,319,512
CPRT	Copart Inc	−7,356,083	31,637,307	$1,050,358,590
VICI	Vici Properties Inc.	−5,970,218	1,777,816	$48,569,930
BIPH	Brookfield Infrastructure Partners L.P.	−4,427,850	26,979,188	$974,488,270
ORLY	O Reilly Automotive Inc	−3,560,471	18,066,239	$1,667,694,519
INVH	Invitation Homes Inc.	−3,161,730	13,690,400	$340,206,438
FAST	Fastenal Co	−2,822,940	8,746,516	$405,838,340
HLT	Hilton Worldwide Holdings Inc.	−2,768,594	6,603,112	$2,007,874,295
CWAN	Clearwater Analytics Holdings, Inc.	−2,512,071	20,203	$477,800
BEPC	Brookfield Renewable Corp	−2,330,036	2,231,318	$88,873,395
SU	Suncor Energy Inc	−1,690,517	17,681,187	$1,168,903,272
GPK	Graphic Packaging Holding Co	−1,669,169	728,272	$7,239,023
DPZ	Dominos Pizza Inc	−1,602,552	103,633	$37,182,482
IBN	Icici Bank Ltd	−1,573,904	194,265	$5,031,463
BEP	Brookfield Renewable Partners L.P.	−1,535,324	8,769,824	$286,247,055
ZTS	Zoetis Inc.	−1,505,449	552,331	$65,291,046
ACGL	Arch Capital Group Ltd.	−1,253,941	3,274,219	$314,292,279
BN	BROOKFIELD Corp /ON/	−1,227,316	63,823,308	$2,582,929,273
ROP	Roper Technologies Inc	−1,192,656	1,155,870	$409,016,156
WIX	Wix.com Ltd.	−1,109,944	288,018	$25,941,781
MQ	Marqeta, Inc.	−1,040,654	20,480	$334,233
GLDM	World Gold Trust	−932,559	1,259,342	$116,728,409
MRP	Millrose Properties, Inc.	−884,761	1,044,095	$29,234,660
TREX	Trex Co Inc	−858,785	239,404	$8,719,092
APD	Air Products & Chemicals, Inc.	−848,033	774,276	$224,919,433
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
SUNB	Sunbelt Rentals Holdings, Inc.	6,610,971	$430,308,101
AZN	Astrazeneca PLC	487,032	$96,052,451
TBBB	Bbb Foods Inc	1,865,059	$65,967,136
TPC	Tutor Perini Corp	774,115	$59,753,936
FPS	Forgent Power Solutions, Inc.	1,804,824	$52,827,198
JAN	Janus Living, Inc.	1,543,920	$36,390,194
PNFP	Pinnacle Financial Partners, Inc.	335,911	$28,935,373
ARIS	Aris Mining Corp	1,503,900	$27,927,423
VSNT	Versant Media Group, Inc.	711,273	$26,331,325
AMCR	Amcor plc	622,490	$24,743,977
INDV	Indivior Pharmaceuticals, Inc.	767,378	$23,389,680
ALMS	Alumis Inc.	1,058,051	$23,308,863
APLS	Apellis Pharmaceuticals, Inc.	499,053	$20,076,901
SPHR	Sphere Entertainment Co.	129,439	$15,196,138
BROS	Dutch Bros Inc.	285,371	$14,456,894
RNG	RingCentral, Inc.	368,877	$13,718,534
SARO	StandardAero, Inc.	424,161	$10,956,078
FIGR	Figure Technology Solutions, Inc.	239,324	$8,125,048
CRCL	Circle Internet Group, Inc.	81,801	$7,804,632
SSRM	Ssr Mining Inc.	244,436	$7,186,418
WINA	Winmark Corp	14,371	$6,144,320
MBIN	Merchants Bancorp	142,616	$6,119,651
TWST	Twist Bioscience Corp	106,712	$5,070,953
AS	Amer Sports, Inc.	130,774	$4,305,079
DJCO	Daily Journal Corp	8,644	$4,169,346
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
GLOB	Globant S.A.	815,703	$53,322,504
FUBO	FuboTV Inc.	893,276	$27,012,665
VERX	Vertex, Inc.	1,335,122	$26,662,385
EXAS	EXACT SCIENCES CORP	260,938	$26,500,863
TGNA	TEGNA INC	911,630	$17,694,737
DAVE	Dave Inc./DE	55,785	$12,351,356
LEU	Centrus Energy Corp	46,380	$11,259,208
ELME	Elme Communities	519,115	$9,032,600
FLYW	Flywire Corp	504,771	$7,147,557
ARRY	Array Technologies, Inc.	746,374	$6,881,567
FG	F&G Annuities & Life, Inc.	221,125	$6,821,704
HAPN	Happen, Inc.	333,424	$6,315,050
CHYM	Chime Financial, Inc.	231,838	$5,835,362
U	Unity Software Inc.	125,465	$5,541,789
ESTA	Establishment Labs Holdings Inc.	67,126	$4,892,142
EMBJ	Embraer S.A.	75,702	$4,872,937
ROOT	Root, Inc.	66,914	$4,833,197
SKWD	Skyward Specialty Insurance Group, Inc.	90,459	$4,623,359
CCB	Coastal Financial Corp	35,668	$4,087,195
SXC	SunCoke Energy, Inc.	552,896	$3,980,851
BRZE	Braze, Inc.	108,809	$3,731,059
GRND	Grindr Inc.	241,572	$3,270,884
CARS	Cars.com Inc.	265,038	$3,233,463
ANGI	Angi Inc.	247,616	$3,201,674
CTLP	Cantaloupe, Inc.	291,369	$3,094,338
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

2,052 positions · $174,337,262,397 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 2,052 positions by value · page 1 of 42

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	39,597,813	+1,046,616	$6,905,858,586	−3.9%	3.96%
MSFT	Microsoft Corp Technology	Added	15,016,976	+158,841	$5,558,834,004	−22.6%	3.19%
AAPL	Apple Inc. Technology	Added	21,342,814	+348,745	$5,416,592,763	−5.1%	3.11%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	19,149,017	-459,229	$3,988,165,769	−11.9%	2.29%
GOOGL	Alphabet Inc. Communication Services	Added	11,110,625	+62,698	$3,194,971,323	−7.6%	1.83%
AVGO	Broadcom Inc. Technology	Added	8,720,488	+298,662	$2,699,078,238	−7.4%	1.55%
BN	BROOKFIELD Corp /ON/ Financial Services	Reduced	63,823,308	-1,227,316	$2,582,929,273	−13.5%	1.48%
META	Meta Platforms, Inc. Communication Services	Added	4,151,465	+342,790	$2,375,177,669	−5.5%	1.36%
TDG	TransDigm Group INC Industrials	Reduced	2,013,784	-152,739	$2,333,895,103	−19.0%	1.34%
HLT	Hilton Worldwide Holdings Inc. Consumer Cyclical	Reduced	6,603,112	-2,768,594	$2,007,874,295	−25.4%	1.15%
EQIX	Equinix Inc Real Estate	Added	1,980,497	+27,643	$1,941,362,378	+29.8%	1.11%
WELL	Welltower Inc. Real Estate	Reduced	9,606,655	-487,428	$1,899,331,759	+1.4%	1.09%
VMC	Vulcan Materials CO Basic Materials	Reduced	6,642,386	-594,920	$1,808,721,706	−12.4%	1.04%
KKR	KKR & Co. Inc. Financial Services	Added	19,507,741	+1,261,314	$1,804,466,041	−22.4%	1.04%
LYV	Live Nation Entertainment, Inc. Communication Services	Added	11,095,305	+367,624	$1,692,144,963	+10.7%	0.97%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Reduced	18,066,239	-3,560,471	$1,667,694,519	−15.5%	0.96%
V	Visa Inc. Financial Services	Added	4,848,317	+213,955	$1,465,355,329	−9.8%	0.84%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	4,961,596	-172,687	$1,459,503,077	−11.8%	0.84%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	3,803,408	-102,206	$1,413,916,923	−19.5%	0.81%
PLD	Prologis, Inc. Real Estate	Reduced	10,506,229	-440,531	$1,388,713,346	−0.6%	0.80%
CBRE	Cbre Group, Inc. Real Estate	Added	9,870,413	+302,426	$1,337,046,143	−13.1%	0.77%
VTR	Ventas, Inc. Real Estate	Reduced	15,335,080	-63,314	$1,254,102,841	+5.3%	0.72%
MLM	Martin Marietta Materials Inc Basic Materials	Reduced	2,093,942	-76,804	$1,232,661,775	−8.8%	0.71%
MA	Mastercard Inc Financial Services	Added	2,437,439	+58,987	$1,217,890,769	−10.3%	0.70%
SU	Suncor Energy Inc Energy	Reduced	17,681,187	-1,690,517	$1,168,903,272	+36.0%	0.67%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	2,390,043	-30,280	$1,145,308,605	−5.9%	0.66%
TECK	Teck Resources Ltd Basic Materials	Added	22,044,284	+3,211,985	$1,140,791,697	+26.5%	0.65%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	1,140,620	-35,583	$1,136,547,984	+12.1%	0.65%
LLY	ELI LILLY & Co Healthcare	Reduced	1,226,699	-42,832	$1,128,280,937	−17.3%	0.65%
YUMC	Yum China Holdings, Inc. Consumer Cyclical	Added	22,606,740	+649,629	$1,102,756,777	+5.2%	0.63%
NFLX	Netflix Inc Communication Services	Added	11,369,400	+511,243	$1,093,167,808	+7.4%	0.63%
CPRT	Copart Inc Industrials	Reduced	31,637,307	-7,356,083	$1,050,358,590	−31.2%	0.60%
XOM	ExxonMobil Holdings Corp Energy	Reduced	6,099,948	-410,557	$1,034,917,176	+32.1%	0.59%
AMT	American Tower Corp /Ma/ Real Estate	Reduced	5,914,591	-123,470	$1,020,740,113	−3.7%	0.59%
BRO	Brown & Brown, Inc. Financial Services	Added	15,608,720	+246,172	$1,017,844,628	−16.9%	0.58%
BIPH	Brookfield Infrastructure Partners L.P. Utilities	Reduced	26,979,188	-4,427,850	$974,488,270	−10.7%	0.56%
EXR	Extra Space Storage Inc. Real Estate	Reduced	6,430,326	-215,960	$843,208,647	−2.6%	0.48%
JNJ	Johnson & Johnson Healthcare	Reduced	3,371,601	-38,576	$824,154,147	+16.8%	0.47%
LPLA	LPL Financial Holdings Inc. Financial Services	Added	2,636,544	+702,061	$793,151,530	+14.8%	0.45%
MKL	Markel Group Inc. Financial Services	Reduced	401,876	-131,259	$769,218,754	−32.9%	0.44%
REG	Regency Centers Corp Real Estate	Added	10,004,796	+931,272	$756,962,863	+20.9%	0.43%
WMT	Walmart Inc. Consumer Defensive	Reduced	5,928,783	-248,091	$736,829,151	+7.1%	0.42%
VEEV	Veeva Systems Inc Healthcare	Added	4,141,545	+271,252	$727,503,793	−15.8%	0.42%
MSCI	MSCI Inc. Financial Services	Reduced	1,347,039	-370,325	$726,067,490	−26.3%	0.42%
AVB	Avalonbay Communities Inc Real Estate	Reduced	4,441,599	-55,448	$725,535,195	−11.0%	0.42%
CSGP	Costar Group, Inc. Real Estate	Added	17,696,192	+130,118	$713,864,383	−39.6%	0.41%
BAC	Bank Of America Corp /De/ Financial Services	Added	14,412,163	+483,564	$702,592,946	−8.3%	0.40%
AJG	Arthur J. Gallagher & Co. Financial Services	Added	3,242,088	+409,145	$702,171,417	−4.2%	0.40%
ENTG	Entegris Inc Technology	Added	5,885,239	+68,152	$689,985,418	+40.8%	0.40%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	4,746,404	-113,366	$685,570,592	−1.6%	0.39%