Who Owns Principal Financial Group Stock?
NASDAQ: PFGFinancial ServicesAsset ManagementUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Ownership breakdown
- Held by institutions
- 81.43%
- Held by insiders
- 1.12%
- Institutional holders
- 1,296
- Institutions 81.4%
- Insiders 1.1%
- Public and other 17.5%
Who owns Principal Financial Group stock?
Institutional investors own about 81.4% of Principal Financial Group's shares, spread across 1,296 institutions that file 13F reports. That level of institutional ownership is high, typical of large, widely followed companies. Insiders, including executives, directors and large founding shareholders, hold 1.12% of PFG.
The largest institutional holders are Blackrock Inc. (7.19%), Nippon Life Insurance Company (6.52%) and Vanguard Capital Management LLC (4.84%). Together, the top 10 institutions control 36.7% of shares outstanding. In their latest filings, 7 of the top 10 institutions increased their PFG positions and 2 reduced them.
Summary generated from market data by MetaCap's automated system. Methodology
Top institutional holders of PFG
| Institution | Shares | % Held | Change |
|---|---|---|---|
| Blackrock Inc. | 20.01M | 7.19% | -1.5% |
| Nippon Life Insurance Company | 18.14M | 6.52% | 0.0% |
| Vanguard Capital Management LLC | 13.48M | 4.84% | +0.0% |
| Vanguard Portfolio Management LLC | 11.27M | 4.05% | +0.0% |
| State Street Corporation | 10.26M | 3.69% | +0.8% |
| Bank of America Corporation | 6.88M | 2.47% | -21.9% |
| Charles Schwab Investment Management, Inc. | 6.50M | 2.34% | +9.8% |
| Capital World Investors | 6.04M | 2.17% | +0.2% |
| Geode Capital Management, LLC | 5.68M | 2.04% | +0.4% |
| Dimensional Fund Advisors LP | 3.92M | 1.41% | +0.9% |
% held is the share of total shares outstanding. Change is the percentage change in the position since the holder's previous 13F filing.
Top mutual fund and ETF holders of PFG
| Fund | Shares | % Held |
|---|---|---|
| VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund | 6.86M | 2.46% |
| Income Fund of America | 6.00M | 2.16% |
| VANGUARD INDEX FUNDS-Vanguard 500 Index Fund | 5.09M | 1.83% |
| SCHWAB STRATEGIC TRUST-Schwab US Dividend Equity ETF | 4.73M | 1.70% |
| VANGUARD INDEX FUNDS-Vanguard Mid-Cap Index Fund | 4.68M | 1.68% |
| iShares Trust-iShares Select Dividend ETF | 2.82M | 1.01% |
| iShares Trust-iShares Core S&P 500 ETF | 2.62M | 0.94% |
| Fidelity Concord Street Trust-Fidelity 500 Index Fund | 2.55M | 0.92% |
| SPDR S&P 500 ETF TRUST-State Street SPDR S&P 500 ETF Trust | 2.41M | 0.86% |
| VANGUARD INDEX FUNDS-Vanguard Value Index Fund | 2.05M | 0.74% |
Frequently asked questions
Who is the largest shareholder of Principal Financial Group?
Blackrock Inc. is the largest institutional shareholder of PFG, owning 7.19% of shares outstanding (20.01M shares) as of its latest 13F filing.
What percentage of Principal Financial Group is owned by institutions?
Institutions own about 81.4% of PFG shares and 82.4% of the public float.
How much of Principal Financial Group do insiders own?
Insiders, such as officers and directors, own about 1.12% of PFG shares outstanding.
Where does institutional ownership data come from?
Investment managers with more than $100 million in US equities must file Form 13F with the SEC within 45 days of each quarter-end. Holdings are therefore up to about 4.5 months old when published.