Principal Financial (PFG) 13F shows $195,864,471,837 in holdings

Rhea-AI Filing Summary

Principal Financial Group Inc. filed a Form 13F combination report detailing equity holdings managed across its investment platforms. The filing reports a Form 13F information table value total of $195,864,471,837 across 4,456 reportable positions.

The report is filed as a 13F combination report, meaning some holdings are reported here and others by additional managers. It identifies 5 other included managers, including Principal Global Investors and Principal Real Estate Investors LLC, and names several other managers reporting for this manager.

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL

OMB Number:			3235-0006
Estimated average burden
hours per response:			23.8

Report for the Calendar Year or Quarter Ended: 12-31-2025

Check here if Amendment		Amendment Number:
This Amendment (Check only one.):		is a restatement.
		adds new holdings entries.

Institutional Investment Manager Filing this Report:
Name:	PRINCIPAL FINANCIAL GROUP INC
Address:	711 HIGH STREET
	DES MOINES, IA 50392
Form 13F File Number:	028-10106
CRD Number (if applicable):
SEC File Number (if applicable):

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name:		Jill Hittner
Title:		Chief Financial Officer, Principal Global Investors, LLC
Phone:		515-248-2153
Signature, Place, and Date of Signing:
/s/Jill Hittner			Des Moines, IA	01-26-2026
[Signature]			[City, State]	[Date]

Report Type (Check only one.):
	13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
	13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
X	13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.]
		Name	Form 13F File No.	CRD No. (if applicable)	SEC File No. (if applicable)	CIK
		Origin Asset Management LLP	028-13785	000139897	801-67539	0001484040
		Spectrum Asset Management, Inc.	028-11300	000300463	801-30405	0001318293
		PRINCIPAL SECURITIES, INC.	028-23623	000001137	801-54949	0000012600

Form 13F Summary Page
	Report Summary:
	Number of Other Included Managers:		5
	Form 13F Information Table Entry Total:		4,456
	Form 13F Information Table Value Total:		195,864,471,837
			(round to nearest dollar)

List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]
	No.	Name	Form 13F File No.	CRD No. (if applicable)	SEC File No. (if applicable)	CIK
	1	PRINCIPAL GLOBAL INVESTORS	028-01549	000109002	801-55959	0000769734
	2	PRINCIPAL REAL ESTATE INVESTORS LLC	028-10400	000109008	801-55618	0001218333
	3	PRINCIPAL LIFE INSURANCE CO	028-00793			0000009712
	4	PRINCIPAL FINANCIAL SERVICES INC	028-10107			0001094589
	5	DELAWARE CHARTER GUARANTEE & TRUST CO	028-22671			0001280529

FAQ

What does Principal Financial Group (PFG) report in this Form 13F filing?

Principal Financial Group reports its institutional investment holdings under Form 13F. The filing aggregates reportable securities positions managed by the firm and related managers, providing a snapshot of the total value and number of holdings overseen for clients.

What is the total value of securities in Principal Financial Group's 13F report?

The Form 13F information table value total is reported as $195,864,471,837. This figure, rounded to the nearest dollar, represents the aggregate value of all reportable securities positions included in the 13F information table section.

How many positions are included in Principal Financial Group's Form 13F information table?

The Form 13F information table entry total is 4,456. This number reflects the count of individual reportable securities positions that meet the Form 13F reporting thresholds and are disclosed in the information table for this filing.

What does it mean that Principal Financial Group filed a 13F combination report?

A 13F combination report means only part of the manager's holdings are reported in this filing, while the remaining positions are reported by other managers. Principal Financial Group indicates that some holdings are disclosed here and others by additional reporting managers.

Which other managers are included or related in this Principal Financial Group 13F filing?

The filing lists several related managers, including Principal Global Investors, Principal Real Estate Investors LLC, Principal Life Insurance Co, Principal Financial Services Inc, and Delaware Charter Guarantee & Trust Co as other included managers tied to this report.

Who signed Principal Financial Group's Form 13F report and in what capacity?

The report is signed by Jill Hittner as Chief Financial Officer of Principal Global Investors, LLC. Her signature certifies that she is authorized to submit the report and that the information provided is represented as true, correct, and complete.