PFG

SEC Filing Summary: Principal Financial Group Inc.

Business Context and Reporting Period

Company: Principal Financial Group Inc.
Filing Type: Form 13F Information Table
Reporting Period: Second Quarter 2015 (Ended June 30, 2015)
Context: This filing discloses the long-only equity securities held by Principal Financial Group as of the end of the reporting period. It details the number of shares, market value, and voting authority for each position.

Key Financial Metrics

Portfolio Composition: The filing lists hundreds of individual equity positions across various sectors, including Financials, Technology, Healthcare, Energy, and Consumer Discretionary.
Top Holdings by Value (Selected):

• General Electric Co: 15,175,953 shares valued at approximately $403.2 million.
• Microsoft Corp: 14,777,238 shares valued at approximately $652.4 million.
• Wells Fargo & Co: 11,998,856 shares valued at approximately $674.8 million.
• Exxon Mobil Corp: 8,173,102 shares valued at approximately $680.0 million.
• Apple Inc: 8,433,546 shares valued at approximately $67.1 million.
• Johnson & Johnson: 4,006,911 shares valued at approximately $390.5 million.
• Procter & Gamble Co: 3,873,708 shares valued at approximately $303.1 million.

Financial Metrics: As a Form 13F, this document does not report Principal Financial Group's own revenue, profit, cash flow, or debt. It only reports the market value of the reported securities.

Material Changes

Comparison: This filing represents a snapshot of holdings as of June 30, 2015. The provided text does not contain the prior quarter's (March 31, 2015) data, so specific material changes in position size or value cannot be calculated from this document alone.

Guidance, Outlook, and Risks

Management Commentary: None. Form 13F is a regulatory disclosure of holdings and does not contain management commentary, guidance, or outlook.
Risks: The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy or completeness. The portfolio is subject to market risk inherent in equity investments.

Key Facts for Investors to Verify

• Concentration Risk: Verify the total portfolio value to understand the concentration of the top 10 holdings relative to the firm's total assets under management.
• Voting Authority: Note that for most positions, Principal Financial Group holds "Sole" voting authority (Column 8), indicating direct control over voting decisions for these shares.
• Derivatives: The filing lists "Put/Call" columns (Column 4) as empty for the vast majority of positions, indicating a primarily long-only equity strategy for the reported securities.
• Valuation: The values listed are based on the market price as of June 30, 2015, and may differ significantly from current market values.