Northern Trust Portfolio holdings
Northern Trust Corporation, founded in 1889 and headquartered in Chicago, Illinois, is a prominent financial services firm specializing in wealth management, asset management, and asset servicing for high-net-worth individuals, families, and institutions. Known for its conservative and client-focused approach, it manages hundreds of billions in assets, offering trust and custody services, investment solutions, and banking products tailored to affluent clients and organizations like foundations and endowments. The company has built a reputation for reliability and discretion, serving as a custodian for a significant portion of global institutional assets while maintaining a strong presence in private banking.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Uber
UBER
|
+$265M |
| 2 |
Vanguard Short-Term Bond ETF
BSV
|
+$245M |
| 3 |
State Street SPDR S&P Global Natural Resources ETF
GNR
|
+$209M |
| 4 |
iShares Core S&P 500 ETF
IVV
|
+$202M |
| 5 |
Veralto
VLTO
|
+$188M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$1.25B |
| 2 |
Apple
AAPL
|
+$1.25B |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$717M |
| 4 |
Eli Lilly
LLY
|
+$599M |
| 5 |
NVIDIA
NVDA
|
+$553M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.83% |
| 2 | Healthcare | 11.57% |
| 3 | Financials | 11.46% |
| 4 | Consumer Discretionary | 9.84% |
| 5 | Industrials | 8.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Quanta Services
PWR
$104B
| $300M | 0.05% |
1,389,504
-62,843
| -4% | -$11.6M |
|
327
Devon Energy
DVN
$49.2B
| $296M | 0.05% |
6,527,971
-246,566
| -4% | -$11.3M |
|
328
Moderna
MRNA
$22.6B
| $296M | 0.05% |
2,971,996
+940
| +0% | +$79.1K |
|
329
SBA Communications
SBAC
$18.6B
| $294M | 0.05% |
1,159,155
-50,437
| -4% | -$11.3M |
|
330
Martin Marietta Materials
MLM
$33.4B
| $294M | 0.05% |
589,364
-26,103
| -4% | -$11.8M |
|
331
Royal Caribbean
RCL
$87.5B
| $294M | 0.05% |
2,268,261
-67,406
| -3% | -$6.87M |
|
332
Ingersoll Rand
IR
$34.9B
| $294M | 0.05% |
3,795,949
-209,555
| -5% | -$14.3M |
|
333
CDW
CDW
$18B
| $292M | 0.05% |
1,286,559
-44,568
| -3% | -$9.44M |
|
334
Fair Isaac
FICO
$23.8B
| $292M | 0.05% |
250,907
-20,475
| -8% | -$20.6M |
|
335
Principal Financial Group
PFG
$24.5B
| $292M | 0.05% |
3,707,729
-213,186
| -5% | -$15.4M |
|
336
eBay
EBAY
$47.4B
| $289M | 0.05% |
6,632,390
-346,901
| -5% | -$14.4M |
|
337
CF Industries
CF
$18B
| $287M | 0.05% |
3,613,899
-30,201
| -0.8% | -$2.4M |
|
338
Xylem
XYL
$28.5B
| $287M | 0.05% |
2,507,648
-109,793
| -4% | -$11M |
|
339
iShares MSCI Emerging Markets ex China ETF
EMXC
$24.3B
| $283M | 0.05% |
5,111,129
+986,396
| +24% | +$50.8M |
|
|
DFS
340
DELISTED
Discover Financial Services
DFS
| $283M | 0.05% |
2,516,433
-61,620
| -2% | -$5.7M |
|
341
Monolithic Power Systems
MPWR
$65.7B
| $281M | 0.05% |
446,107
-13,670
| -3% | -$7.14M |
|
342
Mettler-Toledo International
MTD
$28.5B
| $279M | 0.05% |
230,206
-48,940
| -18% | -$52.9M |
|
343
Willis Towers Watson
WTW
$31.5B
| $278M | 0.05% |
1,150,874
-47,103
| -4% | -$10.9M |
|
344
Mercado Libre
MELI
$97.4B
| $277M | 0.05% |
176,106
+9,167
| +5% | +$13M |
|
345
FlexShares International Quality Dividend Index Fund
IQDF
$1.17B
| $275M | 0.05% |
11,816,694
-203,407
| -2% | -$4.45M |
|
346
Bunge Global
BG
$20.5B
| $273M | 0.05% |
2,707,395
-55,677
| -2% | -$5.84M |
|
347
Expeditors International
EXPD
$23.3B
| $273M | 0.05% |
2,142,677
-49,378
| -2% | -$5.82M |
|
348
Hartford Financial Services
HIG
$39.1B
| $272M | 0.05% |
3,381,943
+18,419
| +0.5% | +$1.39M |
|
349
West Pharmaceutical
WST
$24.6B
| $272M | 0.05% |
771,645
-34,458
| -4% | -$12.2M |
|
350
Cheniere Energy
LNG
$53.7B
| $271M | 0.05% |
1,589,071
-78,763
| -5% | -$13.5M |
|
Similar funds
Northern Trust's Q4 2023 Portfolio in Review
As of Q4 2023, Northern Trust held 4,645 positions worth $552B, up 7% from $516B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Northern Trust withdrew a net $19.7B in Q4 2023, closing 173 positions and reducing 1,979 holdings. Its most notable exit was Activision Blizzard, an estimated $717M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Northern Trust opened a new position in Dimensional International Core Equity Market ETF worth $23.2M.
- Northern Trust's largest Q4 2023 buy was Dimensional International Core Equity Market ETF: 810,491 shares worth $23.2M.
- Northern Trust added most to Uber in Q4 2023, an estimated $265M increase.
- Northern Trust's biggest Q4 2023 reduction was Microsoft, cutting an estimated $1.25B.
- Northern Trust fully exited Activision Blizzard in Q4 2023, selling an estimated $717M.
- Northern Trust's ten largest holdings make up 23% of its $552B portfolio in Q4 2023.
- Northern Trust opened 181 new positions and closed 173 in Q4 2023.
- Northern Trust's portfolio value rose 7% quarter-over-quarter to $552B.
Based on Northern Trust's 13F filing for Q4 2023, filed 13 Feb 2024.