Cliff Asness's PFG Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 2.46 M shares of Principal Financial Group, Inc. (PFG) worth $220.59 M, representing 0.10% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 54 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in PFG, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2025, adding 1.24 M shares. Largest reduction occurred in Q3 2023, reducing 501,539 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Principal Financial Group (PFG) Holding Value Over Time
Track share changes against reported price movement
Quarterly Principal Financial Group (PFG) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q1 2026 | +108,500 | Add 4.62% | 2.46 M | $89.79 |
| Q4 2025 | +1.24 M | Add 112.79% | 2.35 M | $88.21 |
| Q3 2025 | +506,841 | Add 84.94% | 1.1 M | $82.33 |
| Q2 2025 | -48,707 | Reduce 7.55% | 596,724 | $79.38 |
| Q1 2025 | +526,701 | Add 443.61% | 645,431 | $83.04 |
| Q4 2024 | +96,381 | Add 431.25% | 118,730 | $77.41 |
| Q3 2024 | +8,898 | Add 66.15% | 22,349 | $85.30 |
| Q2 2024 | +6,001 | Add 80.55% | 13,451 | $78.45 |
| Q1 2024 | -26,010 | Reduce 77.73% | 7,450 | $85.94 |
| Q4 2023 | -51,285 | Reduce 60.52% | 33,460 | $78.67 |
| Q3 2023 | -501,539 | Reduce 85.55% | 84,745 | $72.07 |
| Q2 2023 | -26,242 | Reduce 4.28% | 586,284 | $75.84 |
| Q1 2023 | +316,872 | Add 107.18% | 612,526 | $73.29 |
| Q4 2022 | +135,670 | Add 84.80% | 295,654 | $83.92 |
| Q3 2022 | +159,984 | New Buy | 159,984 | $72.15 |
| Q2 2022 | -2,786 | Sold Out | 0 | $0.00 |
| Q1 2022 | +2,786 | New Buy | 2,786 | $73.58 |
| Q4 2021 | -32,115 | Sold Out | 0 | $0.00 |
| Q3 2021 | -126,542 | Reduce 79.76% | 32,115 | $64.39 |
| Q2 2021 | +153,163 | Add 2787.82% | 158,657 | $62.82 |
| Q1 2021 | -173 | Reduce 3.05% | 5,494 | $59.88 |
| Q4 2020 | -33,467 | Reduce 85.52% | 5,667 | $49.06 |
| Q3 2020 | +32,361 | Add 477.79% | 39,134 | $40.27 |
| Q2 2020 | -13,824 | Reduce 67.12% | 6,773 | $40.31 |
| Q1 2020 | -27,191 | Reduce 56.90% | 20,597 | $31.36 |
| Q4 2019 | +18,711 | Add 64.35% | 47,788 | $54.99 |
| Q3 2019 | +12,659 | Add 77.10% | 29,077 | $57.12 |
| Q2 2019 | +10,992 | Add 202.58% | 16,418 | $57.92 |
| Q1 2019 | -155,506 | Reduce 96.63% | 5,426 | $50.13 |
| Q4 2018 | +155,577 | Add 2905.27% | 160,932 | $44.17 |
| Q3 2018 | -81,675 | Reduce 93.85% | 5,355 | $58.64 |
| Q2 2018 | -132,841 | Reduce 60.42% | 87,030 | $52.95 |
| Q1 2018 | +95,995 | Add 77.49% | 219,871 | $60.91 |
| Q4 2017 | +56,852 | Add 84.82% | 123,876 | $70.56 |
| Q3 2017 | +1,703 | Add 2.61% | 67,024 | $64.34 |
| Q2 2017 | +4,849 | Add 8.02% | 65,321 | $64.07 |
| Q1 2017 | +38,222 | Add 171.78% | 60,472 | $63.10 |
| Q4 2016 | +1,044 | Add 4.92% | 22,250 | $57.84 |
| Q3 2016 | +8,802 | Add 70.96% | 21,206 | $51.49 |
| Q2 2016 | -77,783 | Reduce 86.25% | 12,404 | $41.12 |
| Q1 2016 | -20,568 | Reduce 18.57% | 90,187 | $39.45 |
| Q4 2015 | +21,082 | Add 23.51% | 110,755 | $44.98 |
| Q3 2015 | -11,944 | Reduce 11.75% | 89,673 | $47.34 |
| Q2 2015 | +38,951 | Add 62.16% | 101,617 | $51.29 |
| Q1 2015 | -17,599 | Reduce 21.93% | 62,666 | $51.37 |
| Q4 2014 | +33,971 | Add 73.38% | 80,265 | $51.94 |
| Q3 2014 | -17,100 | Reduce 26.97% | 46,294 | $52.47 |
| Q2 2014 | -38,000 | Reduce 37.48% | 63,394 | $50.48 |
| Q1 2014 | -38,225 | Reduce 27.38% | 101,394 | $45.99 |
| Q4 2013 | +43,558 | Add 45.34% | 139,619 | $49.31 |
| Q3 2013 | +2,261 | Add 2.41% | 96,061 | $42.82 |
| Q2 2013 | +93,800 | Add 0.00% | 93,800 | $37.45 |
| Q4 2012 | +147,200 | Add 0.00% | 147,200 | $28.52 |
Cliff Asness's Principal Financial Group Investment FAQs
Cliff Asness first purchased Principal Financial Group, Inc. (PFG) in Q4 2012, acquiring 147,200 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Principal Financial Group, Inc. (PFG) for 54 quarters since Q4 2012.
Cliff Asness's largest addition to Principal Financial Group, Inc. (PFG) was in Q4 2025, adding 2,348,233 shares worth $207.14 M.
According to the latest 13F filing for Q1 2026, Cliff Asness's firm, Aqr Capital Management LLC, owns 2,456,733 shares of Principal Financial Group, Inc. (PFG), valued at approximately $220.59 M.
As of the Q1 2026 filing, Principal Financial Group, Inc. (PFG) represents approximately 0.10% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Principal Financial Group, Inc. (PFG) was 2,456,733 shares, as reported at the end of Q1 2026.