SEC Filing Summary: Form 13F-HR
Business Context and Reporting Period
Reporting Manager: Principal Financial Group, Inc.
Period Ended: December 31, 2007
Filing Date: February 08, 2008
Report Type: 13F Combination Report (includes holdings for Principal Financial Group and four other affiliated managers).
Scope: Disclosure of equity securities held for the accounts of the reporting manager and its affiliates.
Key Financial Metrics
Total Portfolio Value: $26,382,398,000 (approx. $26.38 billion)
Total Number of Holdings: 1,945 entries
Number of Included Managers: 5 (Principal Financial Group + 4 affiliates)
Asset Class: Equity securities (Common stock, ADRs, and preferred stock).
Material Changes and Portfolio Composition
Top Holdings by Value (Selected):
- General Electric Co: 11,161,011 shares
- Microsoft Corp: 8,514,697 shares
- AT&T Inc: 7,909,725 shares
- Pfizer Inc: 7,598,239 shares
- Exxon Mobil Corp: 6,481,408 shares
- Cisco Systems Inc: 6,670,297 shares
- Intel Corp: 6,061,472 shares
- Wells Fargo & Co: 3,614,769 shares
- Verizon Communications: 3,460,023 shares
- Procter & Gamble Co: 3,054,104 shares
Sector Exposure: The portfolio demonstrates significant diversification across Technology, Financials, Healthcare, Energy, and Consumer Staples. Notable concentrations exist in large-cap U.S. equities and major multinational corporations.
Guidance, Outlook, and Risks
Management Commentary: Not applicable. Form 13F is a statutory disclosure of holdings and does not contain forward-looking guidance, earnings outlook, or management commentary.
Risks and Contingencies: Not applicable. This filing does not disclose operational risks, legal contingencies, or unusual items. It strictly reports ownership positions as of the quarter-end date.
Voting Authority: The filing indicates that for the vast majority of holdings, the managers possess "Sole" voting authority. A small number of positions (e.g., Acadia Realty Trust, Amb Property Corp, Boston Properties) show "Shared" voting authority.
Key Facts for Investor Verification
- Affiliated Managers: The report aggregates data for Principal Financial Group, Inc. and four other managers: Principal Global Investors, LLC; Principal Real Estate Investors, LLC; Principal Life Insurance Co.; and Principal Financial Services, Inc.
- Valuation Basis: The total value of $26.38 billion represents the aggregate market value of the reported securities as of December 31, 2007.
- Reporting Lag: As a 13F filing, this data reflects positions held at the end of the fourth quarter of 2007 and was filed in early February 2008; it does not reflect subsequent trading activity.
- Exclusions: This filing does not include debt securities, derivatives, or non-equity investments.