HEICO Corp (HEI) sees Principal report 10.6% Class A stake

Rhea-AI Filing Summary

Principal Global Investors and Principal Funds, Inc. report significant passive ownership of HEICO Corp Class A common stock. They jointly report beneficial ownership of 8,915,023 shares, representing 10.6% of the Class A shares outstanding as of December 31, 2025.

Within this total, Principal Funds, Inc., through the Principal MidCap Fund, owns 6,389,714 shares, or 7.6% of the class. Both entities report shared voting and dispositive power over their respective shares and certify the holdings are in the ordinary course of business, not for influencing control of HEICO.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

HEICO CORP

(Name of Issuer)

Class A Common Stock, $.01 par value per share

(Title of Class of Securities)

422806208

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 422806208

1

Names of Reporting Persons

PRINCIPAL GLOBAL INVESTORS

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 8,915,023.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 8,915,023.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,915,023.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 422806208

1

Names of Reporting Persons

PRINCIPAL FUNDS, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,389,714.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,389,714.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,389,714.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.6 %

12

Type of Reporting Person (See Instructions)

IV

SCHEDULE 13G

Item 1.
(a)	Name of issuer: HEICO CORP
(b)	Address of issuer's principal executive offices: 3000 TAFT ST, HOLLYWOOD, FLORIDA 33021
Item 2.
(a)	Name of person filing: PRINCIPAL GLOBAL INVESTORS PRINCIPAL FUNDS, INC.
(b)	Address or principal business office or, if none, residence: PRINCIPAL GLOBAL INVESTORS 711 HIGH STREET DES MOINES, Iowa 50392-0300 PRINCIPAL FUNDS, INC. 711 HIGH STREET DES MOINES, Iowa 50392-0300
(c)	Citizenship: PRINCIPAL GLOBAL INVESTORS - DELAWARE PRINCIPAL FUNDS, INC. - MARYLAND
(d)	Title of class of securities: Class A Common Stock, $.01 par value per share
(e)	CUSIP No.: 422806208
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 8,915,023
(b)	Percent of class: 10.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: PRINCIPAL GLOBAL INVESTORS - 0 PRINCIPAL FUNDS, INC. - 0
	(ii) Shared power to vote or to direct the vote: PRINCIPAL GLOBAL INVESTORS - 8,915,023 PRINCIPAL FUNDS, INC. - 6,389,714
	(iii) Sole power to dispose or to direct the disposition of: PRINCIPAL GLOBAL INVESTORS - 0 PRINCIPAL FUNDS, INC. - 0
	(iv) Shared power to dispose or to direct the disposition of: PRINCIPAL GLOBAL INVESTORS - 8,915,023 PRINCIPAL FUNDS, INC. - 6,389,714
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. As of December 31, 2025 the Principal MidCap Fund, a series to the Principal Funds, Inc., had ownership of 6,389,714 shares representing 7.6%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

PRINCIPAL GLOBAL INVESTORS

Signature:	/s/ J. Markham Penrod
Name/Title:	Chief Compliance Officer - North America, Principal Asset Managemen
Date:	02/05/2026

PRINCIPAL FUNDS, INC.

Signature:	/s/ John L. Sullivan
Name/Title:	Counsel and Assistant Secretary
Date:	02/06/2026

Exhibit Information

This statement is filed by Principal Global Investors, LLC and Principal Funds, Inc. jointly pursuant to a Joint Filing Agreement, which is filed with this Schedule 13G as Exhibit 99.1.

FAQ

What percentage of HEICO (HEI) Class A shares does Principal Global Investors report owning?

Principal Global Investors reports beneficial ownership of 8,915,023 HEICO Class A shares, representing 10.6% of the class. This reflects shared voting and dispositive power over these shares as disclosed for the period ended December 31, 2025.

How many HEICO (HEI) shares does Principal Funds, Inc. hold and what is its stake?

Principal Funds, Inc. reports beneficial ownership of 6,389,714 HEICO Class A shares, representing 7.6% of the class. These shares are held by the Principal MidCap Fund as of December 31, 2025, with shared voting and dispositive power reported.

Are Principal Global Investors and Principal Funds, Inc. passive investors in HEICO (HEI)?

Yes. They certify the HEICO Class A shares were acquired and are held in the ordinary course of business. They also state the holdings were not acquired to change or influence control of HEICO and are not part of a control-related transaction.

What type of HEICO (HEI) security is covered by this Schedule 13G/A filing?

The filing covers HEICO Corp Class A Common Stock with a par value of $0.01 per share. The security is identified by CUSIP 422806208, and the reported ownership percentages relate to this specific class of HEICO equity.

Which Principal entity directly holds more than 5% of HEICO (HEI) shares?

The Principal MidCap Fund, a series of Principal Funds, Inc., directly holds 6,389,714 HEICO Class A shares, representing 7.6% of the class as of December 31, 2025. This exceeds the 5% threshold requiring Schedule 13G reporting.