§ 13F · FUND PROFILE
PRINCIPAL FINANCIAL GROUP INC.
Insurance, pension, income-focused
AUM · $198.3B (13F)Positions · 4552Turnover · 49% · Q1Filed · May 4, 2026
CONCENTRATION
19%
Top 10 holdings
NEW BUYS
+134
+$1.2B deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → OTHER
-2pp · +1pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED MAY 4, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 38.26M | $6.7B | 3.6% | +3% |
| 2 | MSFT | MICROSOFT CORP | 14.40M | $5.3B | 2.8% | +1% |
| 3 | AAPL | APPLE INC | 20.76M | $5.3B | 2.8% | +2% |
| 4 | AMZN | AMAZON COM INC | 18.37M | $3.8B | 2.0% | −2% |
| 5 | GOOGL | ALPHABET INC | 10.74M | $3.1B | 1.7% | +1% |
| 6 | AVGO | BROADCOM INC | 8.41M | $2.6B | 1.4% | +4% |
| 7 | BN | BROOKFIELD CORP | 60.41M | $2.4B | 1.3% | −2% |
| 8 | META | META PLATFORMS INC | 4.01M | $2.3B | 1.2% | +9% |
| 9 | TDG | TRANSDIGM GROUP INC | 1.90M | $2.2B | 1.2% | −7% |
| 10 | GOOG | ALPHABET INC | 7.04M | $2.0B | 1.1% | +11% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other49.0% (+1pp)
Real Estate11.6% (±0)
Technology10.1% (−2pp)
Semiconductors8.2% (+1pp)
Financial Services8.0% (−1pp)
Media7.0% (±0)
§ 03 · THE PRINCIPAL SIGNAL
AC read
PRINCIPAL FINANCIAL GROUP INC is a Income / Defensive fund managing $198.3 billion in assets. The fund runs a massive portfolio of 4,552 positions, broad diversification across holdings. Trading activity is aggressive at 49% quarterly turnover, with 134 new positions and 0 exits last quarter. Top sector allocations: Other (49%), Real Estate (12%), Technology (10%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
2 FILINGS
Q1 2026
Busy quarter
+134 buys · −0 exits · 2027 changed
Q4 2025
Busy quarter
+54 buys · −0 exits · 2102 changed
Q3 2025
Busy quarter
+138 buys · −0 exits · 2092 changed
Q2 2025
Busy quarter
+173 buys · −0 exits · 2036 changed