PFG

SEC Filing Summary: Principal Financial Group Inc (Form 13F)

Business Context and Reporting Period

Company: Principal Financial Group Inc
Filing Type: Form 13F Information Table
Reporting Period: Quarter ended December 31, 2015
Context: This filing discloses the equity securities held by Principal Financial Group Inc as a registered investment manager. The data represents a snapshot of the portfolio's composition, including issuer names, CUSIPs, share counts, and market values (in thousands).

Key Financial Metrics and Portfolio Composition

Portfolio Overview: The filing lists hundreds of individual equity positions across various sectors. The data provided includes the value of each holding (Column 4) and the number of shares (Column 5).
Top Holdings by Value (Selected Examples):

• General Electric Co: $490,811,000 (15,756,380 shares)
• Microsoft Corp: $781,244,000 (14,081,525 shares)
• AT&T Inc: $313,523,000 (9,111,372 shares)
• Johnson & Johnson: $433,539,000 (4,220,600 shares)
• Wells Fargo & Co: $626,637,000 (11,527,534 shares)
• Apple Inc: $906,590,000 (8,612,861 shares)
• Exxon Mobil Corp: $591,790,000 (7,591,927 shares)
• Verizon Communications Inc: $241,683,000 (5,228,960 shares)
• Procter & Gamble Co: $322,661,000 (4,063,226 shares)
• Alphabet Inc (Class C): $396,464,000 (522,412 shares)

Investment Authority: The filing indicates that for the majority of positions, Principal Financial Group exercised "Sole" voting authority (Column 7), with some instances of "Shared" authority. No "None" authority was reported for the primary holdings listed.

Material Changes

Comparison to Prior Period: The provided text contains only the data for the quarter ended December 31, 2015. It does not include the data for the prior comparable period (September 30, 2015). Therefore, specific material changes in share counts or values cannot be calculated from this document alone.

Guidance, Outlook, and Risks

Management Commentary: Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: This filing does not disclose specific risks or contingencies. It serves solely to report the securities held at the end of the quarter.

Important Facts for Investors to Verify

• Portfolio Concentration: Verify the total aggregate value of the portfolio to understand the concentration risk relative to the company's total assets under management.
• Turnover Rate: Compare this filing with the Q3 2015 13F filing to determine the portfolio turnover rate and identify significant buys or sells.
• Voting Rights: Note the distinction between "Sole" and "Shared" voting authority, which may impact the company's influence on corporate governance for specific holdings.
• Derivatives: The filing lists "Put/Call" columns (Column 6), but the provided text shows these as blank or "DFND" (Deferred) for the visible rows. Verify if there are significant derivative positions not fully detailed in this text extract.
• Valuation Basis: Confirm that the values listed are based on the closing market price on the last trading day of the quarter (December 31, 2015).