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: As of September 30, 2016
Context: This filing discloses the equity securities held by Principal Financial Group Inc. at the end of the third quarter of 2016. It details the number of shares, value, and voting authority for each position.
Key Financial Metrics
Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide a clear value for these metrics. Form 13F is a disclosure of holdings and does not contain the issuer's financial performance data (e.g., revenue, net income, cash flow, debt levels, or liquidity ratios).
Portfolio Composition (Selected Top Holdings by Value):
- Microsoft Corp: 13,490,236 shares (Sole Discretion)
- Apple Inc: 7,904,764 shares (Sole Discretion)
- Exxon Mobil Corp: 8,647,033 shares (Sole Discretion)
- General Electric Co: 13,243,986 shares (Sole Discretion)
- AT&T Inc: 11,116,169 shares (Sole Discretion)
- Verizon Communications Inc: 5,820,225 shares (Sole Discretion)
- Wells Fargo & Co: 8,984,458 shares (Sole Discretion)
- JPMorgan Chase & Co: 8,933,633 shares (Sole Discretion)
- Bank of America Corp: 17,004,330 shares (Sole Discretion)
- Johnson & Johnson: 4,561,780 shares (Sole Discretion)
Material Changes vs. Prior Period
The filing text does not provide a clear value for material changes versus the prior comparable period. This document lists holdings as of a specific date but does not include a comparative table or narrative describing net purchases or sales relative to the previous quarter.
Guidance, Outlook, and Risks
Guidance and Outlook: The filing text does not provide a clear value for management guidance or future outlook. Form 13F is a regulatory disclosure of past holdings and does not contain forward-looking statements.
Risks and Contingencies: The filing text does not provide a clear value for specific risks or contingencies. The standard disclaimer notes that the SEC has not reviewed the information for accuracy or completeness.
Unusual Items: The filing includes holdings in various sectors including Technology, Financials, Healthcare, Energy, and Consumer Staples. Voting authority is predominantly "Sole" (Column 8), indicating Principal Financial Group Inc. has sole discretion over the voting of these shares.
Important Facts for Investor Verification
- Top Sector Exposure: Verify the concentration of the portfolio in Financials (e.g., Bank of America, Wells Fargo, JPMorgan) and Technology (e.g., Microsoft, Apple, Cisco).
- Voting Authority: Confirm that the vast majority of holdings are held with "Sole" voting discretion, indicating direct control over these positions.
- Position Size: Note the significant number of shares held in large-cap equities, such as over 17 million shares of Bank of America and over 13 million shares of Microsoft.
- Data Limitations: Acknowledge that this filing does not provide financial performance metrics (revenue, profit) for Principal Financial Group Inc. itself, only its investment portfolio.