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 | |
|---|---|---|---|---|---|---|
101
CVS Health
CVS
$133B
| $1.08B | 0.2% |
13,689,459
-524,837
| -4% | -$37.4M |
|
|
MRSH
102
Marsh
MRSH
$91.4B
| $1.08B | 0.2% |
5,703,257
-276,564
| -5% | -$53.4M |
|
|
103
Uber
UBER
$147B
| $1.07B | 0.19% |
17,419,446
+5,063,412
| +41% | +$265M |
|
104
Lockheed Martin
LMT
$136B
| $1.07B | 0.19% |
2,357,709
-30,668
| -1% | -$13.6M |
|
105
Medtronic
MDT
$110B
| $1.05B | 0.19% |
12,739,788
-883,145
| -6% | -$67.3M |
|
|
SCHW
106
Charles Schwab
SCHW
$185B
| $1.04B | 0.19% |
15,129,143
-421,331
| -3% | -$24.3M |
|
107
FlexShares High Yield Value-Scored Bond Index Fund
HYGV
$1.1B
| $1.03B | 0.19% |
25,295,654
+1,554,262
| +7% | +$61.6M |
|
108
Air Products & Chemicals
APD
$65.6B
| $1.03B | 0.19% |
3,755,044
-74,875
| -2% | -$20.6M |
|
109
Stryker
SYK
$129B
| $1.02B | 0.18% |
3,405,992
-99,603
| -3% | -$28M |
|
110
iShares Core S&P Mid-Cap ETF
IJH
$126B
| $1.01B | 0.18% |
18,202,785
+215,830
| +1% | +$10.9M |
|
111
Palo Alto Networks
PANW
$299B
| $1B | 0.18% |
6,810,482
-50,116
| -0.7% | -$6.7M |
|
112
Citigroup
C
$230B
| $992M | 0.18% |
19,277,117
-774,194
| -4% | -$34.3M |
|
113
iShares Global Infrastructure ETF
IGF
$10.9B
| $989M | 0.18% |
21,016,099
-882,579
| -4% | -$39.2M |
|
114
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| $960M | 0.17% |
18,721,646
+675,821
| +4% | +$33.9M |
|
115
Archer Daniels Midland
ADM
$38.5B
| $945M | 0.17% |
13,087,447
-216,344
| -2% | -$15.8M |
|
116
Vanguard FTSE All-World ex-US ETF
VEU
$68B
| $940M | 0.17% |
16,735,449
-305,525
| -2% | -$16.2M |
|
117
Intercontinental Exchange
ICE
$83.8B
| $938M | 0.17% |
7,303,307
-264,614
| -3% | -$30M |
|
118
Cigna
CI
$72.4B
| $929M | 0.17% |
3,101,218
-142,939
| -4% | -$41.8M |
|
119
Progressive
PGR
$123B
| $923M | 0.17% |
5,796,597
-186,244
| -3% | -$29.2M |
|
120
FlexShares Ultra-Short Income Fund
RAVI
$1.49B
| $922M | 0.17% |
12,290,920
+682,850
| +6% | +$51.2M |
|
121
Regeneron Pharmaceuticals
REGN
$78.3B
| $919M | 0.17% |
1,046,408
-20,802
| -2% | -$17.1M |
|
122
Vanguard FTSE Emerging Markets ETF
VWO
$123B
| $912M | 0.17% |
22,190,320
+50,721
| +0.2% | +$2.01M |
|
123
KLA
KLAC
$255B
| $904M | 0.16% |
15,548,230
-438,540
| -3% | -$22.8M |
|
|
124
State Street SPDR S&P Global Natural Resources ETF
GNR
$4.83B
| $903M | 0.16% |
15,947,819
+3,805,671
| +31% | +$209M |
|
125
Chubb
CB
$134B
| $898M | 0.16% |
3,973,300
-248,119
| -6% | -$54.3M |
|
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.