SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Principal Financial Group Inc.
Filing Type: Form 13F Information Table (Quarterly Report of Holdings)
Reporting Period: Quarter ended March 31, 2017
Context: This filing discloses the equity securities held by Principal Financial Group Inc. as a registered investment manager. It details the specific issuers, share counts, and market values of the portfolio as of the end of the first quarter of 2017.
Key Financial Metrics and Portfolio Composition
Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide these metrics. Form 13F reports investment holdings, not the operating financial results of the reporting manager (Principal Financial Group Inc.).
Portfolio Highlights (Top Holdings by Value):
- Bank of America Corp: ~$4.61 billion (19.5M shares)
- Apple Inc: ~$1.14 billion (7.97M shares)
- AT&T Inc: ~$406.6 million (9.79M shares)
- Microsoft Corp: ~$916.7 million (13.9M shares)
- Wells Fargo & Co: ~$509.7 million (9.16M shares)
- Johnson & Johnson: ~$545.4 million (4.38M shares)
- Procter & Gamble Co: ~$363.8 million (4.05M shares)
- Verizon Communications Inc: ~$276.9 million (5.68M shares)
- Exxon Mobil Corp: ~$580.4 million (7.08M shares)
- Alphabet Inc (Class A & C): ~$488.0 million (504.9K Class A) and ~$488.0 million (588.2K Class C)
Investment Authority: The vast majority of holdings are reported with "Sole" or "Shared" voting authority, indicating active management discretion. A small number of positions are listed with "None" voting authority.
Material Changes vs. Prior Period
Comparison Data: The filing text does not provide data for the prior comparable period (December 31, 2016). Therefore, material changes in holdings, additions, or deletions cannot be calculated from this document alone.
Guidance, Outlook, and Risks
Management Commentary: None provided. Form 13F is a factual disclosure of holdings and does not contain forward-looking statements, guidance, or management discussion.
Risks and Contingencies: The filing includes a standard disclaimer stating that the SEC has not reviewed the information and that the reader should not assume it is accurate or complete. No specific risk factors regarding the portfolio are disclosed in this table.
Important Facts for Investor Verification
- Concentration Risk: The portfolio shows significant concentration in large-cap financials (Bank of America, Wells Fargo, JPMorgan Chase) and technology giants (Apple, Microsoft, Alphabet).
- Valuation Basis: Values are reported in thousands (x$1,000). Investors should verify the exact share counts and market prices as of March 31, 2017, to confirm current valuations.
- Voting Rights: Most positions are held with "Sole" or "Shared" voting authority, suggesting Principal Financial Group actively exercises voting rights on behalf of clients or proprietary accounts.
- Scope of Filing: This document only covers equity securities (stocks) and does not include bonds, derivatives, or other asset classes held by the firm.
- Data Limitation: This is a snapshot of holdings at a single point in time (March 31, 2017) and does not reflect subsequent trading activity.