Vanguard Capital Management Discloses New 7.18% Stake in Principal Financial Group Inc

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G disclosing a new ownership position in Principal Financial Group Inc (PFG). As of the event date on March 31, 2026, Vanguard reported beneficial ownership of 15,573,456 shares of common stock, representing a 7.18% stake in the company. The filing indicates that Vanguard holds sole dispositive power over all 15,573,456 shares, while maintaining sole voting power over 2,099,248 shares. The reported holdings include securities managed by various Vanguard affiliates, including Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, and Vanguard Global Advisers, LLC. The filing was made under Rule 13d-1(b), certifying that the shares were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. This initial disclosure marks a significant entry into PFG by the investment adviser, as the previous reported ownership percentage was 0.0%.