PRINCIPAL FINANCIAL GROUP INC

DES MOINES, IA · CIK 1126328 · 13F filing filed 2026-08-04

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityPRINCIPAL FINANCIAL GROUP, INC. (US)

Other 13F filers in this group: PRINCIPAL SECURITIES, INC. $8.3bn, Spectrum Asset Management, Inc. $69.6m, PRINCIPAL FINANCIAL SERVICES INC files a notice, PRINCIPAL GLOBAL INVESTORS files a notice, PRINCIPAL REAL ESTATE INVESTORS LLC files a notice

$203.6bn reported value +8.8% vs Q1 2026

2,154positions

19.5%in top 10

107 new 1,079 added 942 reduced 130 sold out vs Q1 2026

This report includes the holdings of 5 other managers that share the investment decisions:

DELAWARE CHARTER GUARANTEE & TRUST CO – reports through this filing
PRINCIPAL FINANCIAL SERVICES INC – reports through this filing
PRINCIPAL GLOBAL INVESTORS – reports through this filing
PRINCIPAL LIFE INSURANCE CO – reports through this filing
PRINCIPAL REAL ESTATE INVESTORS LLC – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	38,405,664	$7.7bn3.77%	3.77%	Reduced -1.2m	-1,192,149 -3.0%
2	APPLE INC COM AAPL	AAPL	21,451,663	$6.2bn3.05%	3.05%	Added +108.8k	+108,849 0.5%
3	MICROSOFT CORP COM MSFT	MSFT	13,740,829	$5.1bn2.52%	2.52%	Reduced -1.3m	-1,276,147 -8.5%
4	AMAZON COM INC COM AMZN	AMZN	17,085,402	$4.1bn2.00%	2.00%	Reduced -2.1m	-2,063,615 -10.8%
5	ALPHABET INC CAP STK CL A GOOGL	GOOGL	10,361,802	$3.7bn1.82%	1.82%	Reduced -748.8k	-748,823 -6.7%
6	BROADCOM INC COM AVGO	AVGO	8,723,896	$3.3bn1.62%	1.62%	Added +3.4k	+3,408 0.0%
7	ALPHABET INC CAP STK CL C GOOG	GOOG	7,171,781	$2.5bn1.24%	1.24%	Reduced -10.2k	-10,165 -0.1%
8	PRINCIPAL EXCHANGE TRADED FD US MEGA CP ETF USMC	USMC	32,298,980	$2.4bn1.18%	1.18%	Added +2.1m	+2,145,416 7.1%
9	BROOKFIELD CORP CL A LTD VT SH BN	BN	55,057,354	$2.3bn1.15%	1.15%	Reduced -8.8m	-8,765,954 -13.7%
10	META PLATFORMS INC CL A META	META	4,066,508	$2.3bn1.12%	1.12%	Reduced -85.0k	-84,957 -2.0%
11	TRANSDIGM GROUP INC COM TDG	TDG	1,709,129	$2.3bn1.12%	1.12%	Reduced -304.7k	-304,655 -15.1%
12	WELLTOWER INC COM WELL	WELL	9,814,621	$2.2bn1.09%	1.09%	Added +208.0k	+207,966 2.2%
13	HEICO CORP NEW CL A HEI.A	HEI.A	7,707,811	$2.0bn0.98%	0.98%	Reduced -1.2m	-1,159,446 -13.1%
14	EQUINIX INC COM EQIX	EQIX	1,902,047	$2.0bn0.97%	0.97%	Reduced -78.5k	-78,450 -4.0%
15	MICRON TECHNOLOGY INC COM MU	MU	1,674,981	$1.9bn0.95%	0.95%	Added +102.0k	+101,984 6.5%
16	HILTON WORLDWIDE HLDGS INC COM HLT	HLT	5,836,454	$1.9bn0.95%	0.95%	Reduced -766.7k	-766,658 -11.6%
17	LIVE NATION ENTERTAINMENT IN COM LYV	LYV	9,967,266	$1.8bn0.90%	0.90%	Reduced -1.1m	-1,128,039 -10.2%
18	ISHARES TR CORE S&P500 ETF IVV	IVV	2,423,361	$1.8bn0.89%	0.89%	Reduced -29.7k	-29,739 -1.2%
19	KKR & CO INC COM KKR	KKR	19,677,109	$1.8bn0.89%	0.89%	Added +169.4k	+169,368 0.9%
20	VULCAN MATLS CO COM VMC	VMC	5,466,956	$1.6bn0.79%	0.79%	Reduced -1.2m	-1,175,430 -17.7%
21	PRINCIPAL EXCHANGE TRADED FD CAP APP SEL ETF LCAP	LCAP	48,561,966	$1.6bn0.79%	0.79%	Added +45.7m	+45,660,110 1573.5%
22	VISA INC COM CL A V	V	4,693,213	$1.6bn0.79%	0.79%	Reduced -155.1k	-155,104 -3.2%
23	TESLA INC COM TSLA	TSLA	3,781,228	$1.6bn0.78%	0.78%	Reduced -22.2k	-22,180 -0.6%
24	JPMORGAN CHASE & CO COM JPM	JPM	4,823,651	$1.6bn0.78%	0.78%	Reduced -137.9k	-137,945 -2.8%
25	ELI LILLY & CO COM LLY	LLY	1,255,719	$1.5bn0.74%	0.74%	Added +29.0k	+29,020 2.4%
26	PROLOGIS INC. COM PLD	PLD	10,193,516	$1.4bn0.68%	0.68%	Reduced -312.7k	-312,713 -3.0%
27	CBRE GROUP INC CL A CBRE	CBRE	10,244,499	$1.4bn0.68%	0.68%	Added +374.1k	+374,086 3.8%
28	TECK RESOURCES LTD CL B TECK	TECK	23,000,233	$1.4bn0.67%	0.67%	Added +955.9k	+955,949 4.3%
29	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	14,208,385	$1.3bn0.64%	0.64%	Reduced -3.9m	-3,857,854 -21.4%
30	VENTAS INC COM VTR	VTR	13,969,657	$1.2bn0.61%	0.61%	Reduced -1.4m	-1,365,423 -8.9%
31	MARTIN MARIETTA MATLS INC COM MLM	MLM	2,116,369	$1.2bn0.60%	0.60%	Added +22.4k	+22,427 1.1%
32	MASTERCARD INCORPORATED CL A MA	MA	2,356,440	$1.2bn0.59%	0.59%	Reduced -81.0k	-80,999 -3.3%
33	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	2,391,693	$1.2bn0.59%	0.59%	Added +1.6k	+1,650 0.1%
34	ADVANCED MICRO DEVICES INC COM AMD	AMD	2,040,946	$1.2bn0.58%	0.58%	Added +180.2k	+180,198 9.7%
35	ENTEGRIS INC COM ENTG	ENTG	5,955,687	$1.1bn0.53%	0.53%	Added +70.4k	+70,448 1.2%
36	COSTCO WHSL CORP NEW COM COST	COST	1,092,459	$1.0bn0.50%	0.50%	Reduced -48.2k	-48,161 -4.2%
37	BROWN & BROWN INC COM BRO	BRO	15,721,830	$1.0bn0.50%	0.50%	Added +113.1k	+113,110 0.7%
38	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	1,971,042	$941.3m0.46%	0.46%	Added +4.4k	+4,444 0.2%
39	AMERICAN TOWER CORP NEW COM AMT	AMT	5,742,438	$939.3m0.46%	0.46%	Reduced -172.2k	-172,153 -2.9%
40	PRINCIPAL EXCHANGE TRADED FD PRIN U S SMALL PSC	PSC	12,910,411	$904.7m0.44%	0.44%	Added +361.0k	+361,007 2.9%
41	VEEVA SYS INC CL A COM VEEV	VEEV	4,979,210	$883.7m0.43%	0.43%	Added +837.7k	+837,665 20.2%
42	PRINCIPAL EXCHANGE TRADED FD INTL EQUITY ETF PIEQ	PIEQ	24,666,040	$880.5m0.43%	0.43%	Reduced -6.9m	-6,922,166 -21.9%
43	EXTRA SPACE STORAGE INC COM EXR	EXR	6,057,187	$880.1m0.43%	0.43%	Reduced -373.1k	-373,139 -5.8%
44	BROOKFIELD INFRAST PARTNERS LP INT UNIT BIP	BIP	23,776,567	$867.6m0.43%	0.43%	Reduced -3.2m	-3,202,621 -11.9%
45	YUM CHINA HLDGS INC COM YUMC	YUMC	21,130,258	$861.2m0.42%	0.42%	Reduced -1.5m	-1,476,482 -6.5%
46	JOHNSON & JOHNSON COM JNJ	JNJ	3,383,935	$859.4m0.42%	0.42%	Added +12.3k	+12,334 0.4%
47	HYATT HOTELS CORP COM CL A H	H	4,430,258	$858.8m0.42%	0.42%	Reduced -291.2k	-291,167 -6.2%
48	SUNCOR ENERGY INC NEW COM SU	SU	15,924,939	$856.4m0.42%	0.42%	Reduced -1.8m	-1,756,248 -9.9%
49	LAM RESEARCH CORP COM NEW LRCX	LRCX	1,924,829	$834.1m0.41%	0.41%	Added +85.1k	+85,089 4.6%
50	EXXON MOBIL CORP COM XOM	XOM	6,012,990	$822.1m0.40%	0.40%	Reduced -87.0k	-86,958 -1.4%
51	BANK AMERICA CORP COM BAC	BAC	14,362,582	$818.4m0.40%	0.40%	Reduced -49.6k	-49,581 -0.3%
52	GALLAGHER ARTHUR J & CO COM AJG	AJG	3,494,796	$802.3m0.39%	0.39%	Added +252.7k	+252,708 7.8%
53	NETFLIX INC COM NFLX	NFLX	11,027,249	$787.3m0.39%	0.39%	Reduced -342.2k	-342,151 -3.0%
54	GE AEROSPACE COM NEW GE	GE	2,047,839	$765.3m0.38%	0.38%	Added +95.6k	+95,556 4.9%
55	LIBERTY MEDIA CORP DEL COM LBTY ONE S C FWONK	FWONK	7,996,585	$760.8m0.37%	0.37%	Reduced -937.8k	-937,773 -10.5%
56	LPL FINL HLDGS INC COM LPLA	LPLA	2,684,964	$756.3m0.37%	0.37%	Added +48.4k	+48,420 1.8%
57	INTEL CORP COM INTC	INTC	5,301,170	$740.2m0.36%	0.36%	Added +67.7k	+67,748 1.3%
58	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	1,603,274	$736.1m0.36%	0.36%	Added +613.6k	+613,607 62.0%
59	APPLIED MATLS INC COM AMAT	AMAT	1,008,591	$729.2m0.36%	0.36%	Added +29.0k	+28,982 3.0%
60	COCA COLA CO COM KO	KO	8,737,836	$710.1m0.35%	0.35%	Added +987.2k	+987,181 12.7%
61	CATERPILLAR INC COM CAT	CAT	662,735	$705.7m0.35%	0.35%	Reduced -3.6k	-3,571 -0.5%
62	AMERICAN HOMES 4 RENT CL A AMH	AMH	20,691,697	$693.6m0.34%	0.34%	Added +1.8m	+1,754,299 9.3%
63	ABBVIE INC COM ABBV	ABBV	2,684,208	$675.5m0.33%	0.33%	Reduced -147.4k	-147,428 -5.2%
64	PROCTER AND GAMBLE CO COM PG	PG	4,588,494	$672.9m0.33%	0.33%	Reduced -157.9k	-157,910 -3.3%
65	DIGITAL RLTY TR INC COM DLR	DLR	3,746,513	$672.8m0.33%	0.33%	Added +41.5k	+41,520 1.1%
66	WALMART INC COM WMT	WMT	5,917,839	$670.3m0.33%	0.33%	Reduced -10.9k	-10,944 -0.2%
67	AVALONBAY CMNTYS INC COM AVB	AVB	3,518,162	$663.8m0.33%	0.33%	Reduced -923.4k	-923,437 -20.8%
68	MOODYS CORP COM MCO	MCO	1,461,325	$661.9m0.33%	0.33%	Added +379.5k	+379,518 35.1%
69	REGENCY CTRS CORP COM REG	REG	7,952,827	$634.2m0.31%	0.31%	Reduced -2.1m	-2,051,969 -20.5%
70	MSCI INC COM MSCI	MSCI	1,127,265	$631.3m0.31%	0.31%	Reduced -219.8k	-219,774 -16.3%
71	MERCK & CO INC COM MRK	MRK	4,751,479	$610.6m0.30%	0.30%	Added +41.5k	+41,537 0.9%
72	ESSEX PPTY TR INC COM ESS	ESS	2,092,902	$610.3m0.30%	0.30%	Added +424.9k	+424,866 25.5%
73	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	13,551,754	$607.8m0.30%	0.30%	Added +816.2k	+816,207 6.4%
74	MARKEL GROUP INC COM MKL	MKL	307,791	$601.2m0.30%	0.30%	Reduced -94.1k	-94,085 -23.4%
75	MORGAN STANLEY COM NEW MS	MS	2,836,822	$593.0m0.29%	0.29%	Reduced -185.1k	-185,144 -6.1%
76	TYLER TECHNOLOGIES INC COM TYL	TYL	2,027,041	$592.8m0.29%	0.29%	Added +281.4k	+281,416 16.1%
77	SUNBELT RENTALS HOLDINGS INC SHS SUNB	SUNB	7,934,212	$591.4m0.29%	0.29%	Added +1.3m	+1,323,241 20.0%
78	UNITEDHEALTH GROUP INC COM UNH	UNH	1,404,760	$583.9m0.29%	0.29%	Added +45.4k	+45,443 3.3%
79	CISCO SYS INC COM CSCO	CSCO	4,820,488	$566.2m0.28%	0.28%	Reduced -74.2k	-74,175 -1.5%
80	KLA CORP COM NEW KLAC	KLAC	1,870,959	$564.5m0.28%	0.28%	Reduced -93.6k	-93,621 -4.8%
81	IRON MTN INC DEL COM IRM	IRM	4,373,424	$552.4m0.27%	0.27%	Reduced -192.7k	-192,669 -4.2%
82	AMPHENOL CORP CL A APH	APH	3,056,002	$538.8m0.26%	0.26%	Added +159.7k	+159,665 5.5%
83	CHEVRON CORP NEW COM CVX	CVX	3,128,012	$518.5m0.25%	0.25%	Reduced -57.4k	-57,445 -1.8%
84	ICON PLC SHS ICLR	ICLR	2,950,974	$512.6m0.25%	0.25%	Reduced -360.8k	-360,797 -10.9%
85	DANAHER CORPORATION COM DHR	DHR	2,664,239	$507.5m0.25%	0.25%	Reduced -216.6k	-216,619 -7.5%
86	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	1,334,480	$500.9m0.25%	0.25%	Reduced -554.4k	-554,394 -29.4%
87	PERIMETER SOLUTIONS INC COMMON STOCK PRM	PRM	14,007,326	$499.4m0.25%	0.25%	Added +1.5m	+1,494,167 11.9%
88	FAIR ISAAC CORP COM FICO	FICO	415,795	$496.8m0.24%	0.24%	Reduced -7.0k	-7,027 -1.7%
89	EQUITY LIFESTYLE PPTYS INC COM ELS	ELS	7,548,806	$486.5m0.24%	0.24%	Added +1.1m	+1,113,441 17.3%
90	SABRA HEALTH CARE REIT INC COM SBRA	SBRA	24,706,070	$482.0m0.24%	0.24%	Reduced -346.1k	-346,051 -1.4%
91	GE VERNOVA INC COM GEV	GEV	405,618	$476.5m0.23%	0.23%	Added +15.9k	+15,944 4.1%
92	HOME DEPOT INC COM HD	HD	1,346,127	$474.8m0.23%	0.23%	Added +6.3k	+6,327 0.5%
93	EASTGROUP PPTYS INC COM EGP	EGP	2,310,283	$467.9m0.23%	0.23%	Reduced -18.4k	-18,431 -0.8%
94	AMERICAN HEALTHCARE REIT INC COM SHS AHR	AHR	8,917,875	$465.1m0.23%	0.23%	Added +1.5m	+1,494,669 20.1%
95	CHUBB LIMITED COM CB	CB	1,359,475	$463.2m0.23%	0.23%	Added +46.5k	+46,453 3.5%
96	SIMON PPTY GROUP INC NEW COM SPG	SPG	2,061,411	$461.0m0.23%	0.23%	Reduced -533.8k	-533,805 -20.6%
97	ARES MANAGEMENT CORPORATION CL A COM STK ARES	ARES	4,040,482	$449.7m0.22%	0.22%	Added +31.2k	+31,191 0.8%
98	CITIGROUP INC COM NEW C	C	3,195,739	$447.3m0.22%	0.22%	Added +810.4k	+810,352 34.0%
99	LINDE PLC SHS LIN	LIN	856,362	$444.4m0.22%	0.22%	Reduced -55.7k	-55,725 -6.1%
100	VALE S A SPONSORED ADS VALE	VALE	29,112,147	$437.8m0.22%	0.22%	Added +23.9m	+23,850,132 453.2%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
CCC INTELLIGENT SOLUTIONS HL CCC	CCC	37,848,476	$227.1m37.8m shares
ASCENDIS PHARMA A/S		896,397	$205.0m896.4k shares
HONEYWELL INTL INC		378,696	$171.2m378.7k shares
INVESCO EXCHANGE TRADED FD T RPV	RPV	943,183	$101.3m943.2k shares
POPULAR INC BPOP	BPOP	392,468	$52.7m392.5k shares
GLOBAL X FDS MLPX	MLPX	611,025	$45.2m611.0k shares
ATOUR LIFESTYLE HLDGS LTD ATAT	ATAT	977,996	$36.0m978.0k shares
CARNIVAL CORP		1,332,810	$34.5m1.3m shares
NEWMARK GROUP INC NMRK	NMRK	2,241,462	$33.6m2.2m shares
AIR LEASE CORP AL	AL	510,427	$33.1m510.4k shares
COTERRA ENERGY INC CTRA	CTRA	905,131	$31.8m905.1k shares
SEALED AIR CORP NEW		748,061	$31.5m748.1k shares
VITAL FARMS INC VITL	VITL	2,153,008	$30.4m2.2m shares
WIX COM LTD WIX	WIX	288,018	$25.9m288.0k shares
DUPONT DE NEMOURS INC DWDP	DWDP	159,977	$22.0m160.0k shares
HOLOGIC INC HOLX	HOLX	275,816	$20.8m275.8k shares
BELLRING BRANDS INC BRBR	BRBR	1,260,318	$20.3m1.3m shares
APELLIS PHARMACEUTICALS INC APLS	APLS	499,053	$20.1m499.1k shares
TRI POINTE HOMES INC TPH	TPH	410,593	$19.2m410.6k shares
MASIMO CORP MASI	MASI	102,718	$18.3m102.7k shares
ATS CORPORATION ATS	ATS	620,840	$17.4m620.8k shares
VIPSHOP HLDGS LTD VIPS	VIPS	1,040,842	$16.4m1.0m shares
CSG SYS INTL INC		187,533	$15.0m187.5k shares
JANUS HENDERSON GROUP PLC		275,130	$14.1m275.1k shares
LADDER CAP CORP LADR	LADR	1,323,789	$12.9m1.3m shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
FB BANCORP INC FBLA · 13G · filed 2025-02-14	FBLA	9.5%≈ $25.1m	new	13G	2025-02-14