PFG

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

Business Context and Reporting Period

Reporting Manager: Principal Financial Group, Inc.
Reporting Period: Quarter ended March 31, 2005
Filing Date: May 16, 2005
Report Type: 13F Combination Report (includes holdings for Principal Financial Group and four other included managers: Principal Global Investors, LLC; Principal Real Estate Investors, LLC; Principal Life Insurance Co; and Principal Financial Services, Inc.)

Key Financial Metrics

Total Portfolio Value: $23,111,037,000 (Reported as $23,111,037 in thousands)
Total Number of Holdings: 2,791 entries
Asset Class: The filing exclusively reports equity securities (Common Stock). It does not contain data on revenue, profit, cash flow, debt, or liquidity for Principal Financial Group itself, as Form 13F is a disclosure of investment holdings, not a financial performance report.

Material Changes and Portfolio Composition

Top Holdings by Share Count (Selected):

• General Electric Co: 9,015,995 shares
• Microsoft Corp: 7,005,827 shares
• Exxon Mobil Corp: 5,831,747 shares
• Cisco Systems Inc: 4,532,629 shares
• Johnson & Johnson: 2,104,528 shares
• Walt Disney Co: 1,990,316 shares
• Time Warner Inc: 3,744,560 shares
• Verizon Communications: 2,286,089 shares

International Exposure: The portfolio contains significant international holdings, including major positions in Chinese entities (e.g., China Petroleum & Chemical, PetroChina, China Mobile) and Japanese entities (e.g., Toyota Motor, Nippon Steel, Sumitomo Corp).

Guidance, Outlook, and Risks

Management Commentary: Not applicable. Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: Not applicable. This filing does not disclose operational risks, legal contingencies, or unusual items affecting the reporting manager's financial health.

Important Facts for Investor Verification

• Scope of Data: This document lists only the equity securities held by the investment manager. It does not reflect the total assets, liabilities, or earnings of Principal Financial Group.
• Valuation: The total value of $23.1 billion represents the aggregate value of the reported equity positions as of March 31, 2005. It excludes fixed income, derivatives, cash, and other non-equity assets.
• Multiple Managers: The report aggregates holdings from five distinct entities under the Principal Financial Group umbrella, providing a consolidated view of their equity exposure.
• Concentration: The portfolio is heavily diversified across 2,791 issuers, though significant weight is placed in large-cap U.S. technology, energy, and industrial sectors.