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 to the U.S. Securities and Exchange Commission. The report covers the portfolio holdings as of the period ending September 30, 2017. As a 13F filing, this document discloses the long-only equity securities held by the investment manager, detailing the issuer, class of security, CUSIP, value, and number of shares.
Key Financial Metrics and Portfolio Composition
The filing provides a granular list of equity positions but does not contain aggregate financial statements (e.g., total revenue, net income, or cash flow) for Principal Financial Group itself. The data reflects the composition of the managed portfolio:
- Asset Class: The portfolio consists primarily of common stocks (COM), preferred stocks, and exchange-traded funds (ETFs).
- Top Holdings by Value (Selected Examples):
- Microsoft Corp: ~15.1 million shares
- Apple Inc: ~9.5 million shares
- Amazon.com Inc: ~813,000 shares
- Alphabet Inc (Class A & C): ~1.2 million shares combined
- Johnson & Johnson: ~5.9 million shares
- Procter & Gamble Co: ~4.2 million shares
- Proprietary Holdings: Significant holdings in Principal's own exchange-traded funds, including the Principal Active ETF (16.8 million shares) and Principal US Small Cap Index ETF (9.45 million shares).
- Voting Authority: The majority of holdings are reported with "Sole" or "Shared" voting authority, with "Discretionary" management indicated for most positions.
Material Changes
Not Applicable. This filing is a snapshot of holdings at a specific point in time (September 30, 2017). It does not provide comparative data against the prior quarter (June 30, 2017) within the text provided, so material changes in position size or strategy cannot be calculated from this document alone.
Guidance, Outlook, and Risks
Not Applicable. Form 13F filings are regulatory disclosures of past holdings and do not contain management commentary, forward-looking guidance, risk factors, or outlook statements regarding the company's future performance.
Key Facts for Investor Verification
- Portfolio Concentration: Verify the concentration risk by analyzing the top 10 holdings, which include significant positions in large-cap technology and consumer staples.
- Proprietary Product Exposure: Note the substantial allocation to Principal-branded ETFs, indicating a strategy that may include promoting or holding the firm's own investment products.
- Industry Diversification: The portfolio spans diverse sectors including Financials (e.g., JPMorgan Chase, Bank of America), Healthcare (e.g., UnitedHealth, Pfizer), and Technology (e.g., Intel, Cisco).
- Reporting Limitations: This document only reports long positions in equity securities. It does not disclose short positions, derivatives, fixed income, or cash equivalents held by the firm.