Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in PFG held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 20.3M | $1.83B | -0.4% | 9.380% | 0.03% |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 13.5M | $1.21B | — | 6.219% | 0.03% |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 11.3M | $1.02B | — | 5.199% | 0.05% |
| 4 | STATE STREET CORP | 10.2M | $917.3M | -3.1% | 4.698% | 0.03% |
| 5 | BANK OF AMERICA CORP /DE/ | 8.8M | $794.7M | +5.0% | 4.071% | 0.06% |
| 6 | Capital World Investors | 6.0M | $543.1M | — | 2.782% | 0.07% |
| 7 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 5.9M | $533.8M | +310.0% | 2.734% | 0.08% |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 5.7M | $508.2M | +1.5% | 2.613% | 0.03% |
| 9 | DIMENSIONAL FUND ADVISORS LP | 3.9M | $350.2M | +3.2% | 1.794% | 0.07% |
| 10 | Invesco Ltd. | 3.5M | $319.2M | +7.8% | 1.635% | 0.05% |
| 11 | NORTHERN TRUST CORP | 3.3M | $300.4M | -2.7% | 1.539% | 0.04% |
| 12 | MORGAN STANLEY | 3.0M | $270.9M | -2.4% | 1.387% | 0.02% |
| 13 | GOLDMAN SACHS GROUP INC | 2.8M | $248.2M | +10.2% | 1.271% | 0.03% |
| 14 | AQR CAPITAL MANAGEMENT LLC | 2.5M | $220.6M | +4.6% | 1.134% | 0.10% |
| 15 | UBS ASSET MANAGEMENT AMERICAS INC | 2.0M | $177.7M | -0.3% | 0.910% | 0.04% |
| 16 | Legal & General Group Plc | 1.7M | $152.7M | +3.4% | 0.782% | 0.04% |
| 17 | DEUTSCHE BANK AG\ | 1.4M | $124.7M | +19.8% | 0.639% | 0.04% |
| 18 | Bank of New York Mellon Corp | 1.2M | $107.3M | -1.9% | 0.549% | 0.02% |
| 19 | UBS Group AG | 1.2M | $105.1M | +21.6% | 0.538% | 0.02% |
| 20 | Amundi | 1.2M | $103.8M | -6.8% | 0.532% | 0.03% |
| 21 | VANGUARD FIDUCIARY TRUST CO | 1.1M | $101.8M | — | 0.522% | 0.03% |
| 22 | AustralianSuper Pty Ltd | 937K | $84.5M | +4.5% | 0.433% | 0.44% |
| 23 | ROYAL BANK OF CANADA | 878K | $79.1M | +14.2% | 0.405% | 0.01% |
| 24 | HSBC HOLDINGS PLC | 781K | $70.4M | — | 0.360% | 0.04% |
| 25 | LPL Financial LLC | 728K | $65.6M | +39.7% | 0.336% | 0.02% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in PFG — a direct measure of their conviction.
Filings activity in PFG during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 884 | +2.3% | 54.60% | +3.97 pp | $13.15B | +7.8% |
| Q4 2025 | 864 | +7.9% | 50.63% | +2.99 pp | $12.19B | +6.3% |
| Q3 2025 | 801 | +0.5% | 47.64% | +0.05 pp | $11.47B | +0.1% |
| Q2 2025 | 797 | 2.6% | 47.59% | 2.10 pp | $11.46B | 4.2% |
| Q1 2025 | 818 | +6.5% | 49.69% | +1.46 pp | $11.96B | +3.0% |
| Q4 2024 | 768 | +1.9% | 48.23% | 2.48 pp | $11.61B | 4.9% |
| Q3 2024 | 754 | 1.6% | 50.71% | +2.74 pp | $12.21B | +5.7% |
| Q2 2024 | 766 | — | 47.97% | — | $11.55B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying PFG stock.
Based on Q1 2026 13F filings, institutional ownership of Principal Financial Group, Inc. stands at 54.6%, held across 884 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of PFG, with approximately 20,322,358 shares worth $1.83B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of PFG.
Our composite Smart Money Score for PFG is 48 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
127 institutions opened new positions in PFG during Q1 2026, while 107 fully exited. 558 added to existing positions and 191 trimmed.
PFG institutional ownership rose by 3.97 percentage points quarter-over-quarter, with a net change of +20 holders.
The top 10 institutions account for 61.1% of all reported 13F value in PFG, and the top 25 account for 77.9%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Principal Financial Group, Inc. (PFG) Institutional Ownership