1y return+10.3%S&P 500 +20.9%
3y return+44.4%S&P 500 +68.5%
5y return+38.4%S&P 500 +74.5%
10y return+166.9%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $267 against $357 in the S&P 500.2
Principal Financial Group IncS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $7.7B | 3.8% | −3.0% |
| AAPLApple Inc | $6.2B | 3.0% | |
| MSFTMicrosoft Corp | $5.1B | 2.5% | −8.5% |
| AMZNAmazon Com Inc | $4.1B | 2.0% | −10.8% |
| GOOGLAlphabet Inc | $3.7B | 1.8% | −6.7% |
| AVGOBroadcom Inc | $3.3B | 1.6% | |
| GOOGAlphabet Inc | $2.5B | 1.2% | |
| USMCPrincipal Exchange Traded Fd | $2.4B | 1.2% | +7.1% |
| BNBrookfield Corp | $2.3B | 1.2% | −13.7% |
| METAMeta Platforms Inc | $2.3B | 1.1% | −2.0% |
| TDGTransdigm Group Inc | $2.3B | 1.1% | −15.1% |
| WELLWelltower Inc | $2.2B | 1.1% | +2.2% |
| HEI/AHeico Corp New | $2.0B | 1.0% | −13.1% |
| EQIXEquinix Inc | $2.0B | 1.0% | −4.0% |
| MUMicron Technology Inc | $1.9B | 0.9% | +6.5% |
| HLTHilton Worldwide Hldgs Inc | $1.9B | 0.9% | −11.6% |
| LYVLive Nation Entertainment In | $1.8B | 0.9% | −10.2% |
| IVVIshares Tr | $1.8B | 0.9% | −1.2% |
| KKRKkr & Co Inc | $1.8B | 0.9% | |
| VMCVulcan Matls Co | $1.6B | 0.8% | −17.7% |
| LCAPPrincipal Exchange Traded Fd | $1.6B | 0.8% | +1573.5% |
| VVisa Inc | $1.6B | 0.8% | −3.2% |
| TSLATesla Inc | $1.6B | 0.8% | |
| JPMJpmorgan Chase & Co | $1.6B | 0.8% | −2.8% |
| LLYEli Lilly & Co | $1.5B | 0.7% | +2.4% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $7.7B |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $3.3B |
| AMDAdvanced Micro Devices Inc | June 30, 2020 | +1004.1% | $1.2B |
| TSMTaiwan Semiconductor Manufac | June 30, 2020 | +741.2% | $941.3M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $1.5B |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $3.7B |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $2.5B |
| HLTHilton Worldwide Hldgs Inc | June 30, 2020 | +349.9% | $1.9B |
| WELLWelltower Inc | June 30, 2020 | +338.6% | $2.2B |
| LYVLive Nation Entertainment In | June 30, 2020 | +313.1% | $1.8B |
Sold off last quarter
- CCCCcc Intelligent Solutions Hl was $227.1M
- Ascendis Pharma A/sCUSIP 04351P101 was $205.0M
- Honeywell Intl IncCUSIP 438516106 was $171.2M
- RPVInvesco Exchange Traded Fd T was $101.3M
- BPOPPopular Inc was $52.7M
- MLPXGlobal X Fds was $45.2M
- ATATAtour Lifestyle Hldgs Ltd was $36.0M
- Carnival CorpCUSIP 143658300 was $34.5M
- NMRKNewmark Group Inc was $33.6M
- Air Lease CorpCUSIP 00912X302 was $33.1M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +10.4% | +14.8% |
| March 31, 2026 | −4.4% | −4.6% |
| December 31, 2025 | −0.4% | +2.4% |
| September 30, 2025 | +4.9% | +7.8% |
| June 30, 2025 | +7.6% | +10.5% |
| March 31, 2025 | −3.1% | −4.6% |
| December 31, 2024 | +0.1% | +2.1% |
| September 30, 2024 | +7.8% | +5.4% |
| June 30, 2024 | +0.4% | +4.0% |
| March 31, 2024 | +8.0% | +10.0% |
| December 31, 2023 | +12.6% | +11.2% |
| September 30, 2023 | −4.6% | −3.6% |
| June 30, 2023 | +6.9% | +8.3% |
| March 31, 2023 | +5.4% | +7.0% |
| December 31, 2022 | +6.1% | +7.1% |
| September 30, 2022 | −5.3% | −5.3% |
| June 30, 2022 | −16.5% | −16.5% |
| March 31, 2022 | −7.4% | −4.9% |
| December 31, 2021 | +9.5% | +10.7% |
| September 30, 2021 | −0.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Principal Financial Group Inc Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1126328&type=13F-HR&dateb=&owner=include&count=40CIK 1126328
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1126328/000112632826000178/Filed August 4, 2026 · accession 0001126328-26-000178