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: First Quarter ended March 31, 2018
Context: This filing discloses the equity securities held by Principal Financial Group Inc. as of the end of the reporting period. It details the issuer, title of class, CUSIP, value (in thousands), and number of shares for each holding, along with voting authority classifications (Sole, Shared, or None).
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 investment holdings, not the operating financial performance of the reporting manager.
Portfolio Highlights (Top Holdings by Value):
- Microsoft Corp: 16,006,594 shares valued at approximately $1,460,922,000.
- Apple Inc: 9,832,621 shares valued at approximately $1,649,716,000.
- Amazon.com Inc: 838,617 shares valued at approximately $1,213,764,000.
- Facebook Inc (Class A): 4,504,682 shares valued at approximately $719,804,000.
- Alphabet Inc (Class C): 674,810 shares valued at approximately $696,274,000.
- Alphabet Inc (Class A): 563,005 shares valued at approximately $583,914,000.
- Visa Inc (Class A): 4,041,029 shares valued at approximately $483,388,000.
- UnitedHealth Group Inc: 1,872,738 shares valued at approximately $400,766,000.
- Johnson & Johnson: 5,611,601 shares valued at approximately $719,127,000.
- Procter & Gamble Co: 4,366,306 shares valued at approximately $346,161,000.
Voting Authority: The majority of holdings are reported with "Shared" voting authority (Column 7), indicating that Principal Financial Group shares voting rights with other parties for these securities. A smaller portion is reported with "Sole" voting authority.
Material Changes
Comparison to Prior Period: The filing text does not provide a clear value for material changes versus the prior comparable period. Form 13F filings typically list current holdings but do not explicitly state the net change in shares or value from the previous quarter within the table itself.
Guidance, Outlook, and Risks
Management Commentary: The filing text does not provide a clear value for guidance, outlook, or management commentary. This is a statutory disclosure of holdings and does not contain narrative analysis or forward-looking statements.
Risks and Contingencies: The filing text does not provide a clear value for specific risks or contingencies related to the portfolio. Standard Form 13F disclaimers note that the SEC has not reviewed the information for accuracy.
Unusual Items: The portfolio includes a diverse range of sectors including Technology, Healthcare, Financials, Consumer Staples, and Energy. Notable holdings include significant positions in Real Estate Investment Trusts (REITs) such as Prologis Inc (9,109,411 shares) and Invitation Homes Inc (20,787,028 shares).
Important Facts for Investor Verification
- Valuation Basis: All values in the table are reported in thousands (x$1,000). Investors must multiply the "Value" column by 1,000 to determine the actual dollar amount.
- Share Counts: The "Shrs or Sh/Prn Amt" column represents the number of shares held. For some issuers, multiple lines exist (e.g., different classes of stock or different voting authority types) which must be aggregated for a total position size.
- Voting Rights: Investors should note the distinction between "Sole," "Shared," and "None" voting authority in Column 7, as this impacts the company's ability to influence corporate governance for the listed securities.
- Reporting Lag: This data reflects holdings as of March 31, 2018. Current portfolio composition may differ significantly.
- Exclusions: Form 13F only reports equity securities (stocks, convertible securities, options, warrants) that are reportable under the Exchange Act. It does not include fixed income, cash, or other non-equity assets held by the firm.