Principal Financial Group Discloses $71M 3M Stake in Q4 2023 13F

TL;DR

**Principal Financial Group's 13F shows big bets on 3M and 3-D Systems as of year-end 2023.**

AI Summary

Principal Financial Group Inc. filed its 13F-HR on February 7, 2024, revealing its equity holdings as of December 31, 2023. The filing shows significant positions in companies like 3M Co., with 651,119 shares valued at $71,180,330, and 3-D Systems Corp. Del New, holding 678,638 shares worth $4,309,352. This matters to investors because it provides transparency into Principal Financial Group's investment strategy and conviction in specific stocks, offering insights into where a major institutional investor is allocating capital.

Why It Matters

This filing offers a snapshot of Principal Financial Group's investment strategy, allowing individual investors to see which stocks a major financial institution is buying or selling. It can influence investment decisions by highlighting trends or specific companies that large funds are targeting.

Risk Assessment

Risk Level: low — 13F filings are backward-looking disclosures of holdings, providing transparency without indicating immediate future risks.

Analyst Insight

Investors should review the full list of holdings to identify any new or significantly changed positions that align with their own investment theses, particularly in companies like 3M Co. and 3-D Systems Corp. Del New, where Principal Financial Group has substantial stakes.

Key Numbers

• $71,180,330 — Value of 3M Co. shares (Represents Principal Financial Group's largest disclosed holding by value as of December 31, 2023.)
• 651,119 — Shares of 3M Co. (Indicates a substantial position in 3M Co. within their portfolio.)
• 678,638 — Shares of 3-D Systems Corp. Del New (Shows a significant share count in 3-D Systems Corp. Del New, valued at $4,309,352.)
• 20231231 — Conformed Period of Report (This is the date the reported holdings are accurate as of, providing a clear reference point for the portfolio snapshot.)
• 20240207 — Filed As Of Date (This is the date the filing was submitted to the SEC, indicating the recency of the disclosure.)

Key Players & Entities

• PRINCIPAL FINANCIAL GROUP INC (company) — filer of the 13F-HR
• Jill Hittner (person) — Chief Financial Officer, Principal Global Investors, LLC
• 3M CO COM (company) — a significant holding
• $71,180,330 (dollar_amount) — value of 3M Co. shares held
• 651,119 (dollar_amount) — number of 3M Co. shares held
• 3-D SYS CORP DEL COM NEW (company) — another significant holding
• $4,309,352 (dollar_amount) — value of 3-D Systems Corp. Del New shares held
• 678,638 (dollar_amount) — number of 3-D Systems Corp. Del New shares held
• December 31, 2023 (dollar_amount) — period of report end date
• February 7, 2024 (dollar_amount) — filing date

Forward-Looking Statements

• Principal Financial Group Inc. will maintain a significant position in 3M Co. in its next 13F filing. (3M CO COM) — medium confidence, target: Q1 2024 13F filing (due May 2024)

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 5KB
• infotable.html (INFORMATION TABLE)
• infotable.xml (INFORMATION TABLE) — 2818KB
• 0001085146-24-000811.txt ( ) — 2824KB

From the Filing

SEC FORM 13F-HR The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE OMB APPROVAL OMB Number: 3235-0006 Estimated average burden hours per response: 23.8 Report for the Calendar Year or Quarter Ended: 12-31-2023 Check here if Amendment    Amendment Number: This Amendment (Check only one.):    is a restatement.    adds new holdings entries. Institutional Investment Manager Filing this Report: Name: PRINCIPAL FINANCIAL GROUP INC Address: 711 HIGH STREET DES MOINES , IA   50392 Form 13F File Number: 028-10106 CRD Number (if applicable): The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Jill Hittner Title: Chief Financial Officer, Principal Global Investors, LLC Phone: 515-248-2153 Signature, Place, and Date of Signing: /s/Jill Hittner Des Moines ,  IA 02-07-2024 [Signature] [City, State] [Date] Report Type (Check only one.):    13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)    13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) X 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Name Form 13F File No. CRD No. (if applicable) SEC File No. (if applicable) CIK Origin Asset Management LLP 028-13785 000139897 801-67539 Spectrum Asset Management, Inc. 028-11300 000300463 801-30405 PRINCIPAL SECURITIES, INC. 028-23623 000001137 801-54949 Form 13F Summary Page Report Summary: Number of Other Included Managers: 5 Form 13F Information Table Entry Total: 4,741 Form 13F Information Table Value Total: 156,839,325,252 (round to nearest dollar) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state “NONE” and omit the column headings and list entries.] No. Name Form 13F File No. CRD No. (if applicable) SEC File No. (if applicable) CIK 1 PRINCIPAL GLOBAL INVESTORS 028-01549 000109002 801-55959 2 PRINCIPAL REAL ESTATE INVESTORS LLC 028-10400 000109008 801-55618 3 PRINCIPAL LIFE INSURANCE CO 028-00793 4 PRINCIPAL FINANCIAL SERVICES INC 028-10107 5 DELAWARE CHARTER GUARANTEE & TRUST CO 028-22671

View Full Filing

View this 13F-HR filing on SEC EDGAR