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, 2016
Context: This filing discloses the equity securities held by Principal Financial Group Inc. as of the end of the quarter. It is a regulatory disclosure of investment positions, not a report of the company's own operating financial performance.
Key Financial Metrics
Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide a clear value for these metrics. Form 13F reports only the value of securities held by the institution, not the institution's own income statement or balance sheet data.
Portfolio Composition: The filing lists hundreds of individual equity positions across various sectors including Technology, Financials, Healthcare, and Consumer Discretionary. Notable large positions by value include:
- General Electric Co: $14,794,620
- Microsoft Corp: $14,784,250
- AT&T Inc: $10,222,909
- Wells Fargo & Co: $10,153,848
- Bank of America Corp: $13,622,650
- Pfizer Inc: $16,702,485
- Exxon Mobil Corp: $7,652,888
Material Changes
The filing text does not provide a clear value for material changes versus the prior comparable period. Form 13F tables list current holdings but do not explicitly state the net change in value or share count from the previous quarter within the text provided.
Guidance, Outlook, and Risks
Guidance and Outlook: The filing text does not provide a clear value. This form is a historical record of holdings and contains no forward-looking statements, management commentary, or earnings guidance.
Risks and Contingencies: The filing text does not provide a clear value. Standard Form 13F filings do not include risk factor disclosures or contingency details regarding the reporting company's operations.
Important Facts for Investors to Verify
- Investment Strategy: Verify if the disclosed holdings align with Principal Financial Group's stated investment strategy and asset allocation targets.
- Concentration Risk: Review the top 10 holdings to assess concentration risk in specific sectors (e.g., heavy weighting in Financials and Technology).
- Turnover: Compare this list with the previous quarter's 13F filing to determine the turnover rate and trading activity of the portfolio.
- Valuation Basis: Confirm that the "Value" column represents the fair market value of the securities at the end of the reporting period (March 31, 2016).
- Voting Authority: Note that the filing distinguishes between "Sole," "Shared," and "None" voting authority, which may impact corporate governance influence.