SEC Filing Summary: Form 13F-HR
Business Context and Reporting Period
Reporting Manager: Principal Financial Group, Inc.
Reporting Period: Quarter ended September 30, 2006
Filing Date: November 06, 2006
Form Type: 13F Combination Report (includes holdings for Principal Financial Group and four other affiliated managers).
Scope: This filing discloses equity securities held by the reporting manager and its affiliates, including Principal Global Investors, LLC; Principal Real Estate Investors, LLC; Principal Life Insurance Co.; and Principal Financial Services, Inc.
Key Financial Metrics
Note: As a Form 13F filing, this document reports portfolio holdings and does not contain the reporting company's own revenue, profit, or cash flow statements.
- Total Portfolio Value: $21,485,289,000 (approx. $21.49 billion).
- Total Number of Holdings: 1,891 distinct entries.
- Top Holdings by Value (Selected):
- General Electric Co: $8,576,936,000
- Microsoft Corp: $6,406,721,000
- Exxon Mobil Corp: $6,112,538,000
- Pfizer Inc: $6,836,748,000
- Wells Fargo & Co: $2,896,867,000
- Verizon Communications: $2,512,722,000
- Debt and Liquidity: Not reported in this filing type.
Material Changes
The filing text provided is a snapshot of holdings as of September 30, 2006. It does not contain comparative data against the prior quarter (June 30, 2006) to calculate material changes in position size or total portfolio value. The filing represents the aggregate positions of five institutional managers.
Guidance, Outlook, and Risks
Guidance and Outlook: Not applicable. Form 13F is a regulatory disclosure of past holdings and does not contain forward-looking guidance or management commentary on future performance.
Risks and Contingencies: Not applicable. The filing does not disclose specific risk factors or contingencies regarding the reporting manager's operations.
Unusual Items: The report includes a significant number of Real Estate Investment Trusts (REITs) and financial sector stocks, consistent with the profile of a diversified financial services group.
Key Facts for Investor Verification
- Affiliated Managers: Verify the specific allocation of assets among the five listed managers (Principal Financial Group, Spectrum Asset Management, Columbus Circle Investors, Principal Global Investors, Principal Real Estate Investors, Principal Life Insurance, and Principal Financial Services) as the total value is an aggregate.
- Concentration Risk: The top 10 holdings represent a significant portion of the $21.49 billion portfolio; verify the percentage weight of General Electric, Microsoft, and Pfizer relative to the total.
- Voting Authority: The filing indicates "Defined" voting authority for most positions, with specific managers (1, 3, 4) listed as having sole or shared authority. Verify which specific affiliate holds the voting rights for key positions.
- Reporting Lag: Note that this data reflects positions as of September 30, 2006, and does not reflect market movements or trading activity occurring after that date.