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, 2019
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 voting authority for the portfolio as of the end of the first quarter of 2019.
Key Financial Metrics and Portfolio Composition
Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide a clear value for these metrics. Form 13F reports holdings, not the financial performance of the reporting manager.
Portfolio Overview: The filing lists hundreds of individual equity positions across various sectors. Notable holdings include significant positions in major technology, financial, healthcare, and consumer discretionary companies. The table provides the number of shares held and the value of the investment (in thousands) for each position.
- Top Holdings by Share Count (Selected Examples):
- Microsoft Corp: 14,684,932 shares
- Apple Inc: 8,511,013 shares
- Amazon.com Inc: 849,996 shares
- Alphabet Inc (Class C): 699,049 shares
- Verizon Communications Inc: 9,883,650 shares
- Wells Fargo Co: 6,411,962 shares
- UnitedHealth Group Inc: 1,715,135 shares
- Voting Authority: The majority of positions are reported with "Sole" or "Shared" voting authority, indicating Principal Financial Group's active management role in these securities.
Material Changes Versus Prior Period
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 a specific point in time and do not inherently include comparative data or change analysis from the previous quarter within the text provided.
Guidance, Outlook, and Risks
Guidance and Outlook: The filing text does not provide a clear value for guidance or outlook. This form is a regulatory disclosure of holdings and does not contain management commentary or future projections.
Risks and Contingencies: The filing text does not provide a clear value for specific risks or contingencies. However, the standard disclaimer notes that the SEC has not reviewed the information for accuracy or completeness.
Unusual Items: The filing includes a diverse range of holdings, including some positions with "None" voting authority (e.g., certain ETFs or specific share classes), which is standard for passive or non-voting securities.
Important Facts for Investor Verification
- Portfolio Concentration: Verify the concentration of the portfolio in specific sectors (e.g., Technology, Financials) to understand exposure risks.
- Top Holdings: Confirm the significance of top holdings like Microsoft, Apple, and Amazon relative to the total portfolio value (which is not explicitly summed in the text).
- Voting Rights: Note the distinction between "Sole," "Shared," and "None" voting authority to understand the extent of Principal Financial Group's influence over the companies in which it invests.
- Data Accuracy: Acknowledge the SEC disclaimer that the information has not been reviewed for accuracy or completeness.
- Reporting Lag: Remember that Form 13F filings are submitted 45 days after the end of the quarter, so the data reflects holdings as of March 31, 2019, not current positions.