PRINCIPAL FINANCIAL GROUP IN PFG
COM · Common Stock · CUSIP 74251V102 · ISIN US74251V1026
Financial services company
- SectorFinancials
- IndustryAccident & Health Insurance
- HeadquartersDes Moines, IA
- Founded1879
- Websiteprincipal.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($26.0m this quarter). Holder counts are more reliable. Shares outstanding: 219.7m as of 2025-10-22, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $82.97. Options: 10 managers hold calls ($14.3m notional), 5 hold puts ($3.0m).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 706 |
| Q4 2022 | 782 |
| Q1 2023 | 745 |
| Q2 2023 | 731 |
| Q3 2023 | 723 |
| Q4 2023 | 757 |
| Q1 2024 | 765 |
| Q2 2024 | 797 |
| Q3 2024 | 786 |
| Q4 2024 | 786 |
| Q1 2025 | 842 |
| Q2 2025 | 815 |
| Q3 2025 | 829 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 294 | 359 |
| Q1 2024 | 326 | 335 |
| Q2 2024 | 367 | 309 |
| Q3 2024 | 326 | 372 |
| Q4 2024 | 314 | 352 |
| Q1 2025 | 410 | 318 |
| Q2 2025 | 382 | 376 |
| Q3 2025 | 363 | 323 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $21.5m | $8.7m | 0.40 |
| Q1 2025 | $15.6m | $13.6m | 0.87 |
| Q2 2025 | $11.4m | $8.3m | 0.73 |
| Q3 2025 | $14.3m | $3.0m | 0.21 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +931.4k |
| UBS Group AG | Added | +777.0k |
| Assenagon Asset Management S.A. | Added | +637.0k |
| Invesco Ltd. | Added | +636.3k |
| AQR CAPITAL MANAGEMENT LLC | Added | +506.8k |
| GOLDMAN SACHS GROUP INC | Added | +432.9k |
| Man Group plc | Added | +424.2k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +280.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +273.5k |
| VIRGINIA RETIREMENT SYSTEMS ET Al | New | +223.0k |
Biggest sellers
| BANK OF AMERICA CORP /DE/ | Reduced | -3.9m |
| ROYAL BANK OF CANADA | Reduced | -1.8m |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -387.9k |
| HSBC HOLDINGS PLC | Reduced | -330.9k |
| Verition Fund Management LLC | Reduced | -309.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -299.6k |
| Amundi | Reduced | -248.3k |
| Lighthouse Investment Partners, LLC | Sold out | -239.8k |
| VANGUARD GROUP INC | Reduced | -213.7k |
| Qube Research & Technologies Ltd | Reduced | -213.1k |
Biggest calls
| Walleye Trading LLC | Added | $4.4m52.8k shares |
| Maven Securities LTD | Added | $2.7m32.3k shares |
| CITADEL ADVISORS LLC | Reduced | $2.6m31.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.6m19.6k shares |
| TORONTO DOMINION BANK | Reduced | $1.3m15.2k shares |
| JANE STREET GROUP, LLC | Reduced | $953.5k11.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $354.6k4.3k shares |
| Walleye Capital LLC | Added | $339.9k4.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $99.0k1.2k shares |
| GROUP ONE TRADING LLC | Reduced | $41.5k500 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.4m16.6k shares |
| CITADEL ADVISORS LLC | Reduced | $1.2m14.7k shares |
| SIMPLEX TRADING, LLC | Added | $248.0k3.0k shares |
| Walleye Capital LLC | Reduced | $165.8k2.0k shares |
| GROUP ONE TRADING LLC | Reduced | $8.3k100 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2026-04-24 | 9.0% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.2% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q3 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 1 | $387 | 0 | — | — |
| Q2 2025 | 0 | — | 1 | $350 | — |
| Q3 2025 | 0 | — | 0 | — | — |
None reported in Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 27.1m $2.2bn | Reduced -213.7k |
| BlackRock, Inc. 0.03% of their portfolio | 20.0m $1.7bn | Reduced -176.6k |
| NIPPON LIFE INSURANCE CO 25.31% of their portfolio | 18.1m $1.5bn | Unchanged |
| STATE STREET CORP 0.03% of their portfolio | 10.6m $875.5m | Reduced -132.4k |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 8.4m $698.7m | Reduced -3.9m |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 5.6m $463.9m | Added +130.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.19% of their portfolio | 3.9m $323.9m | Reduced -387.9k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 3.8m $312.3m | Added +1.6k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 3.5m $287.6m | Reduced -16.3k |
| Invesco Ltd. 0.04% of their portfolio | 3.4m $280.0m | Added +636.3k |
| MORGAN STANLEY 0.02% of their portfolio | 3.0m $250.7m | Reduced -148.6k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 2.4m $195.9m | Added +432.9k |
| UBS Group AG 0.03% of their portfolio | 2.0m $167.8m | Added +777.0k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.0m $162.1m | Added +931.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 1.8m $149.2m | Reduced -299.6k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 1.7m $138.9m | Reduced -1.8m |
| Legal & General Group Plc 0.03% of their portfolio | 1.6m $134.0m | Added +33.5k |
| Amundi 0.04% of their portfolio | 1.5m $129.9m | Reduced -248.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.4m $119.8m | Reduced -24.2k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.2m $102.4m | Reduced -114.4k |
| AQR CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 1.1m $90.9m | Added +506.8k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 1.1m $87.4m | Added +3.8k |
| AustralianSuper Pty Ltd 0.32% of their portfolio | 818.0k $67.8m | Reduced -175.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio | 804.1k $66.7m | Added +280.8k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 797.7k $65.9m | Reduced -330.9k |
| Assenagon Asset Management S.A. 0.09% of their portfolio | 697.7k $57.8m | Added +637.0k |
| Qube Research & Technologies Ltd 0.08% of their portfolio | 688.5k $57.1m | Reduced -213.1k |
| BARCLAYS PLC 0.02% of their portfolio | 669.9k $55.5m | Reduced -119.0k |
| Swiss National Bank 0.03% of their portfolio | 646.3k $53.6m | Reduced -34.7k |
| Man Group plc 0.10% of their portfolio | 637.4k $52.8m | Added +424.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 624.5k $51.8m | Added +73.8k |
| FMR LLC 0.00% of their portfolio | 609.9k $50.6m | Reduced -7.1k |
| Swiss Life Asset Management Ltd 0.26% of their portfolio | 594.3k $49.3m | Added +7.5k |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 580.0k $48.1m | Reduced -110.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 561.3k $46.5m | Reduced -47.6k |
| Nuveen, LLC 0.01% of their portfolio | 560.1k $46.4m | Reduced -8.1k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 492.8k $40.9m | Added +8.3k |
| Bridgewater Associates, LP 0.16% of their portfolio | 491.5k $40.8m | Added +40.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 433.4k $35.9m | Added +33.2k |
| MARSHALL WACE, LLP 0.04% of their portfolio | 427.0k $35.4m | Added +15.8k |
| California Public Employees Retirement System 0.02% of their portfolio | 425.4k $35.3m | Added +20.7k |
| TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio | 419.1k $34.7m | Added +72.2k |
| CONNING INC. 1.13% of their portfolio | 409.9k $34.0m | Reduced -35.8k |
| NORTH STAR ASSET MANAGEMENT INC 1.33% of their portfolio | 395.1k $32.8m | Reduced -6.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 394.6k $32.7m | Reduced -520 |
| National Pension Service 0.02% of their portfolio | 388.0k $32.2m | Added +5.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 372.4k $30.9m | Added +273.5k |
| TRUST POINT INC. 2.47% of their portfolio | 369.6k $30.6m | Reduced -60 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.09% of their portfolio | 327.4k $27.1m | Reduced -116.3k |
| TWO SIGMA ADVISERS, LP 0.05% of their portfolio | 319.1k $26.5m | Added +45.1k |
| Squarepoint Ops LLC 0.06% of their portfolio | 318.6k $26.4m | Added +193.4k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.14% of their portfolio | 312.2k $25.9m | Reduced -2.2k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 309.8k $25.7m | Added +71.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 294.9k $24.5m | Reduced -12.4k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 267.1k $22.1m | Reduced -23.2k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.05% of their portfolio | 254.9k $21.1m | Reduced -58.9k |
| MAIRS & POWER INC 0.20% of their portfolio | 254.4k $21.1m | Reduced -108.4k |
| Sound Income Strategies, LLC 1.11% of their portfolio | 246.1k $20.3m | Reduced -2.8k |
| Prana Capital Management, LP 0.67% of their portfolio | 241.3k $20.0m | Reduced -17.9k |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 235.2k $19.4m | Added +2.6k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 234.5k $19.4m | Added +1.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 232.7k $19.3m | Reduced -11.6k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 228.6k $19.0m | Reduced -124.6k |
| Rakuten Investment Management, Inc. 0.11% of their portfolio | 223.4k $31.3m | First filing |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.12% of their portfolio | 223.0k $18.5m | New |
| GW HENSSLER & ASSOCIATES LTD 0.91% of their portfolio | 218.9k $18.2m | Added +5.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 218.3k $18.1m | Reduced -13.6k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.07% of their portfolio | 215.8k $17.9m | Added +37.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 210.8k $17.5m | Reduced -5.5k |
| Swedbank AB 0.02% of their portfolio | 206.1k $17.1m | Added +8.7k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio | 205.3k $17.0m | Reduced -5.7k |
| CITIGROUP INC 0.01% of their portfolio | 203.6k $16.9m | Reduced -12.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio | 203.0k $16.8m | Reduced -17.3k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.10% of their portfolio | 199.6k $16.5m | Added +9.2k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 197.6k $16.4m | Added +15.7k |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 195.0k $16.2m | Added +33.8k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 192.9k $16.0m | Reduced -35.2k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.04% of their portfolio | 190.3k $15.8m | Reduced -124.5k |
| Korea Investment CORP 0.03% of their portfolio | 188.8k $15.7m | Reduced -3.4k |
| Focus Partners Wealth 0.02% of their portfolio | 186.5k $15.5m | Added +110.3k |
| AVIVA PLC 0.03% of their portfolio | 185.1k $15.3m | Added +17.0k |
| STOREBRAND ASSET MANAGEMENT AS 0.04% of their portfolio | 174.2k $14.4m | Reduced -2.5k |
| CAPITAL MANAGEMENT CORP /VA 2.25% of their portfolio | 172.7k $14.3m | Added +27.9k |
| AE Wealth Management LLC 0.09% of their portfolio | 170.7k $14.2m | Added +13.8k |
| Aberdeen Group plc 0.02% of their portfolio | 170.1k $14.1m | Reduced -3.3k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 168.7k $14.0m | Added +81.8k |
| EDENTREE ASSET MANAGEMENT Ltd 3.36% of their portfolio | 168.6k $14.0m | Added +20.0k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 164.2k $13.6m | Reduced -76.5k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 161.0k $13.3m | Added +9.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 159.9k $13.3m | Reduced -84 |
| FORSTA AP-FONDEN 0.08% of their portfolio | 158.5k $13.1m | Added +5.0k |
| Alyeska Investment Group, L.P. 0.04% of their portfolio | 149.0k $12.4m | New |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 146.8k $12.2m | Reduced -18.4k |
| Schonfeld Strategic Advisors LLC 0.08% of their portfolio | 143.3k $11.9m | Reduced -12.5k |
| Interval Partners, LP 0.25% of their portfolio | 140.4k $11.6m | Reduced -36.9k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.02% of their portfolio | 139.3k $11.5m | Added +1.7k |
| PNC Financial Services Group, Inc. 0.01% of their portfolio | 135.2k $11.2m | Reduced -2.4k |
| Azimuth Capital Investment Management LLC 0.40% of their portfolio | 134.4k $11.1m | Added +55.8k |
| Brandywine Global Investment Management, LLC 0.08% of their portfolio | 134.4k $11.1m | Added +185 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 130.7k $10.8m | Added +4.4k |