SEC Filing Summary: Principal Financial Group Inc. (Form 13F)
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Principal Financial Group Inc. for the reporting period ending June 30, 2014. The document discloses the company's holdings in equity securities, including common stocks, preferred stocks, and exchange-traded funds (ETFs), as required by the Securities and Exchange Commission.
Key Financial Metrics and Portfolio Composition
The filing details a diversified portfolio of long-only equity positions. The data provided includes the issuer name, title of class, CUSIP, value (in thousands), and share quantity for each holding. Voting authority is categorized as Sole, Shared, or None, with the majority of positions held under Sole or Shared discretion.
- Top Holdings by Value (Selected Examples):
- General Electric Co: 12,267,799 shares valued at $322,398,000.
- Wells Fargo & Co: 11,439,410 shares valued at $601,255,000.
- Microsoft Corp: 10,781,447 shares valued at $449,587,000.
- Intel Corp: 10,367,034 shares valued at $320,342,000.
- Bank of America Corp: 11,339,268 shares valued at $174,285,000.
- Exxon Mobil Corp: 6,735,398 shares valued at $678,120,000.
- Portfolio Breadth: The filing lists hundreds of individual issuers across various sectors, including Technology, Financials, Healthcare, Energy, and Consumer Staples.
- Derivatives: The filing indicates no holdings in Put or Call options (Columns 6 and 7 are blank for all entries).
Material Changes
The filing text does not provide a clear value for material changes versus the prior comparable period. Form 13F filings are snapshots of holdings at the end of the quarter and do not inherently contain comparative data or percentage changes from the previous quarter within the text provided.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. Form 13F is a regulatory disclosure of holdings and does not contain forward-looking statements, management discussion, or risk analysis.
Important Facts for Investor Verification
- Concentration Risk: Verify the concentration of the portfolio in specific sectors, particularly Financials and Technology, which appear to represent significant portions of the disclosed value.
- Voting Authority: Note that Principal Financial Group exercises voting authority (Sole or Shared) on the vast majority of its holdings, indicating active engagement or passive index tracking strategies.
- Valuation Basis: The "Value" column represents the market value of the securities at the end of the reporting period (June 30, 2014), not the cost basis.
- Exclusions: This filing only covers equity securities. It does not disclose holdings in bonds, derivatives (other than listed options), or private equity.