Principal Financial Group (PFG) SEC 13F Holdings (Q2 2026) — Net Institutional Activity: $4.2B

PFG ranks #510 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

PFG is a top-conviction position for Nippon Life Insurance Co — at 32.4% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in PFG belongs to BlackRock, Inc., but the position matters far more to Nippon Life Insurance Co, who has 32.4% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

Charles Schwab Investment Management Inc has added to its PFG position for two straight quarters, increasing it by $573.4M to reach $700.8M today.

Marshall Wace, LLP has trimmed its PFG position for two straight quarters, cutting it by $60.5M while still holding $4.1M.

PFG is down 0.7% today, but institutions show net buying of $4.2B this quarter — a divergence between today's price move and the underlying institutional flow.

PFG posted net income of $1.6B over the trailing twelve months.

• Profitable — net income of $1.6B over the trailing twelve months
• Revenue declined 2.0% year over year
• Net income improved year over year, from $1.1B to $1.6B
• Generated $4.5B in positive operating cash flow
• Liabilities run 27.68x equity — a highly leveraged balance sheet worth noting