Principal Financial Group

PFG • NASDAQ

Principal Financial Group is a insurance - diversified company in the financial services sector on NASDAQ, led by Deanna Strable, with a market cap of $19.8B. As of Q3 2025, 71% of shares are held by 798 institutional investors, with VANGUARD GROUP INC as the largest holder at 12.18%.

Chief Executive Officer and PresidentDeanna Strable

Market Cap$19.8B

Insurance - Diversified

Financial Services

Employees19.8K

Websiteprincipal.com

Country

United States of America

Overview

Overview of institutional ownership in PFG as of Q3 2025 with a market cap of $18.5B

All Institutions

Institutions: 798
Value Held: $13.2B
Shares Held: 158.6M
Avg Position: $16.5M
Median Position: $515.2K

Hedge Funds

Hedge Funds: 54
Value Held: $455.0M
Shares Held: 5.5M
Avg Position: $8.4M
Median Position: $1.7M

Ownership Breakdown

Institutional (non-HF)

68.8%

$12.7B

Hedge Funds

2.46%

$455.0M

Retail & Other

28.73%

$5.3B

Based on market cap of $18.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in PFG as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$2.2B 0.03% of portfolio	12.18% 27.1M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$1.7B 0.03% of portfolio	8.99% 20.0M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
N NIPPON LIFE INSURANCE CO Institution	-	$1.5B 25.31% of portfolio	8.14% 18.1M shares	≤ Q2 2013 Held for 12y 5m+	$5.9B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$875.5M 0.03% of portfolio	4.74% 10.6M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$698.7M 0.05% of portfolio	3.78% 8.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$463.9M 0.03% of portfolio	2.52% 5.6M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	David Craig Brown CEO	$323.9M 0.20% of portfolio	1.75% 3.9M shares	Q2 2015 Held for 10y 5m	$158.22B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$312.3M 0.07% of portfolio	1.69% 3.8M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$287.6M 0.04% of portfolio	1.56% 3.5M shares	≤ Q2 2013 Held for 12y 5m+	$782.01B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$280.0M 0.04% of portfolio	1.52% 3.4M shares	≤ Q2 2013 Held for 12y 5m+	$633.08B

Net Capital Flow

Institutional buying and selling activity for PFG in Q3 2025

Traded: −$202.3M
Buyers: 355
Sellers: 319
Total Bought: +$589.3M
Total Sold: −$791.6M
Avg Position: $15.5M

Biggest Buyers

Institution	Net Bought	Current Position
UBS Group AG Institution	+$64.4M +777.0K shares	$167.8M 2.0M shares
A Assenagon Asset Management S.A. Institution	+$52.8M +637.0K shares	$57.8M 697.7K shares
Invesco Ltd. ETF Provider	+$52.8M +636.3K shares	$280.0M 3.4M shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$41.7M +506.8K shares	$90.9M 1.1M shares
GOLDMAN SACHS GROUP INC Institution	+$35.9M +432.9K shares	$195.9M 2.4M shares
M Man Group plc Institution	+$35.2M +424.2K shares	$52.8M 637.4K shares
R Rakuten Investment Management, Inc. Institution	+$28.6M +203.7K shares	$31.3M 223.5K shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$23.3M +280.8K shares	$66.7M 804.1K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$22.7M +273.5K shares	$30.9M 372.4K shares
V VIRGINIA RETIREMENT SYSTEMS ET AL Institution	+$16.5M +199.6K shares	$18.5M 223.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
BANK OF AMERICA CORP /DE/ Institution	−$327.0M −3.9M shares	$698.7M 8.4M shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	−$32.2M −387.9K shares	$323.9M 3.9M shares
H HSBC HOLDINGS PLC Institution	−$27.4M −330.9K shares	$65.9M 797.7K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$24.8M −299.6K shares	$149.2M 1.8M shares
A Amundi Institution	−$20.9M −248.3K shares	$129.9M 1.5M shares
Lighthouse Investment Partners, LLC Fund of Funds	−$19.0M −239.8K shares	Sold Off 0 shares
VANGUARD GROUP INC Institution	−$17.7M −213.7K shares	$2.2B 27.1M shares
Q Qube Research & Technologies Ltd Institution	−$17.7M −213.1K shares	$57.1M 688.5K shares
B BlackRock, Inc. Institution	−$14.6M −176.6K shares	$1.7B 20.0M shares
A AustralianSuper Pty Ltd Institution	−$14.6M −175.7K shares	$67.8M 818.0K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited PFG in Q3 2025

New Positions: 22
New Value: $4.5M
Exited Positions: 51
Exited Value: $64.5M

New Positions

Institution	Position Value
O ODDO BHF ASSET MANAGEMENT SAS Institution	$2.4M 28.4K shares
T TEMA ETFS LLC Institution	$437.1K 5.3K shares
Board of the Pension Protection Fund RIA/Wealth	$373.1K 4.5K shares
FourThought Financial Partners, LLC RIA/Wealth	$288.8K 3.5K shares
V Vise Technologies, Inc. Institution	$264.7K 3.2K shares
Catalytic Wealth RIA, LLC RIA/Wealth	$256.5K 3.1K shares
Arista Wealth Management, LLC RIA/Wealth	$201.9K 2.4K shares
R Root Financial Partners, LLC RIA/Wealth	$81.3K 980.0 shares
Union Bankshares Corp Institution	$66.7K 805.0 shares
Heartwood Wealth Advisors LLC RIA/Wealth	$63.2K 762.0 shares

Exited Positions

Institution	Previous Position
Lighthouse Investment Partners, LLC Fund of Funds	$19.0M 239.8K shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	$8.9M 112.7K shares
A AMF Pensionsforsakring AB Institution	$7.6M 95.2K shares
G Gillson Capital LP Hedge Fund•Long/Short	$7.4M 93.5K shares
Symphony Financial, Ltd. Co. RIA/Wealth	$4.6M 57.4K shares
Kingstone Capital Partners Texas, LLC RIA/Wealth	$3.4M 43.2K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$2.2M 27.5K shares
A Andra AP-fonden Institution	$1.7M 21.2K shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	$1.5M 18.4K shares
P PineBridge Investments Ltd Institution	$1.1M 14.3K shares

Options Activity

Institutions with the largest Call and Put options positions in PFG as of Q3 2025

Call Positions: 9
Call Value: $11.5M
Put Positions: 7
Put Value: $2.8M

Call Positions

Institution	Position Value
Walleye Trading LLC RIA/Wealth	$4.4M 528.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.6M 316.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.6M 196.0 contracts
TORONTO DOMINION BANK Institution	$1.3M 152.0 contracts
J JANE STREET GROUP, LLC Institution	$953.5K 115.0 contracts
W WOLVERINE TRADING, LLC Institution	$354.6K 43.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$339.9K 41.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	- - contracts
C Cubist Systematic Strategies, LLC Institution	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.4M 166.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.2M 147.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$165.8K 20.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	- - contracts
WELLS FARGO & COMPANY/MN Institution	- - contracts
Walleye Trading LLC RIA/Wealth	- - contracts
C CREDIT INDUSTRIEL ET COMMERCIAL Institution	- - contracts

Most Committed Institutions

Institutions with PFG as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
N NIPPON LIFE INSURANCE CO Institution	-	25.31% $1.5B	8.14% 18.1M shares	≤ Q2 2013 Held for 12y 5m+	$5.9B
E EDENTREE ASSET MANAGEMENT Ltd Institution	-	3.37% $14.0M	0.08% 168.6K shares	Q4 2024 Held for 11 months	$414.8M
DMKC Advisory Services, LLC RIA/Wealth	Daniel Michael Kelly President	3.09% $6.1M	0.03% 73.4K shares	Q4 2024 Held for 11 months	$197.1M
T Trust Point Inc. Institution	-	2.47% $30.6M	0.17% 369.6K shares	Q4 2023 Held for 1y 11m	$1.2B
CAPITAL MANAGEMENT CORP /VA RIA/Wealth	Pamela Catherine Simms President	2.25% $14.3M	0.08% 172.7K shares	≤ Q2 2013 Held for 12y 5m+	$636.3M
W Weaver C. Barksdale & Associates, Inc. Long Only Manager	Ann Loden Roberts CEO	1.66% $1.7M	0.01% 20.8K shares	Q4 2021 Held for 3y 11m	$103.9M
NORTH STAR ASSET MANAGEMENT INC RIA/Wealth	Kenneth Jay Brusda Chairman	1.38% $32.8M	0.18% 395.1K shares	≤ Q2 2013 Held for 12y 5m+	$2.4B
T Teza Capital Management LLC Hedge Fund•Quant	Mikhail Victorovich Malyshev CEO	1.25% $231.6K	0.00% 2.8K shares	Q3 2023 Held for 2y 2m	$18.5M
CONNING INC. Insurance Manager	Linwood Earle Bradford CEO	1.19% $34.0M	0.18% 409.9K shares	≤ Q2 2013 Held for 12y 5m+	$2.8B
Sound Income Strategies, LLC RIA/Wealth	David Joseph Scranton Managing Partner	1.11% $20.3M	0.11% 246.1K shares	Q4 2017 Held for 7y 11m	$1.8B

Hedge Fund Spotlight

Discover hedge funds investing in PFG

Walleye Trading Advisors, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerWilliam Dunning England

Portfolio Value: $11.2B
Positions: 1,691
Last Reported: Q3 2025

Sector Allocation

Position in Principal Financial Group

Market Value: $73.2K
Shares Held: 883.0
Portfolio Weight: 0.00%
Owned Since: 2023-Q2

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$463.8M	4.15%
2 Amazon AMZN	Specialty Retail Consumer Cyclical	$346.6M	3.10%
3 Tesla, Inc. TSLA	Auto - Manufacturers Consumer Cyclical	$288.5M	2.58%