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 |
FlexShares Global Upstream Natural Resources Index Fund
GUNR
|
+$288M |
| 2 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$256M |
| 3 |
iShares Broad USD High Yield Corporate Bond ETF
USHY
|
+$180M |
| 4 |
Vanguard Short-Term Bond ETF
BSV
|
+$163M |
| 5 |
Palo Alto Networks
PANW
|
+$149M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.5B |
| 2 |
Microsoft
MSFT
|
+$1.41B |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$448M |
| 4 |
NVIDIA
NVDA
|
+$434M |
| 5 |
Amazon
AMZN
|
+$432M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.26% |
| 2 | Healthcare | 12.37% |
| 3 | Financials | 10.77% |
| 4 | Consumer Discretionary | 9.82% |
| 5 | Industrials | 8.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Cadence Design Systems
CDNS
$91.6B
| $666M | 0.13% |
2,837,818
-238,501
| -8% | -$51.9M |
|
152
Target
TGT
$66.3B
| $661M | 0.13% |
5,011,805
-359,899
| -7% | -$53.4M |
|
153
Nucor
NUE
$58.3B
| $660M | 0.13% |
4,025,982
-182,488
| -4% | -$26.6M |
|
154
McKesson
MCK
$104B
| $660M | 0.13% |
1,544,897
-19,554
| -1% | -$7.52M |
|
155
Public Storage
PSA
$61.5B
| $656M | 0.13% |
2,248,692
-115,445
| -5% | -$33.6M |
|
156
CME Group
CME
$95.4B
| $648M | 0.12% |
3,495,874
-230,346
| -6% | -$42.6M |
|
157
iShares Russell Mid-Cap ETF
IWR
$55.9B
| $643M | 0.12% |
8,808,037
-191,861
| -2% | -$13.3M |
|
158
Sherwin-Williams
SHW
$83.5B
| $642M | 0.12% |
2,418,072
-150,715
| -6% | -$35.5M |
|
159
HCA Healthcare
HCA
$88.4B
| $633M | 0.12% |
2,085,087
-134,996
| -6% | -$37.5M |
|
160
Emerson Electric
EMR
$81.6B
| $633M | 0.12% |
6,998,828
-720,166
| -9% | -$60.6M |
|
161
O'Reilly Automotive
ORLY
$75.1B
| $631M | 0.12% |
9,907,965
-831,000
| -8% | -$50.7M |
|
162
State Street SPDR S&P Global Natural Resources ETF
GNR
$4.75B
| $617M | 0.12% |
11,448,901
+1,192,619
| +12% | +$65.9M |
|
163
US Bancorp
USB
$97.9B
| $593M | 0.11% |
17,946,509
-719,902
| -4% | -$23.3M |
|
164
Travelers Companies
TRV
$81.1B
| $591M | 0.11% |
3,401,836
+28,491
| +0.8% | +$5.03M |
|
165
General Mills
GIS
$20.2B
| $584M | 0.11% |
7,615,416
-162,116
| -2% | -$13.9M |
|
166
W.W. Grainger
GWW
$64.2B
| $583M | 0.11% |
738,792
-63,943
| -8% | -$44M |
|
167
PNC Financial Services
PNC
$99.1B
| $580M | 0.11% |
4,608,384
-234,910
| -5% | -$28.7M |
|
168
iShares Russell 1000 Value ETF
IWD
$81.4B
| $578M | 0.11% |
3,660,586
-130,461
| -3% | -$19.9M |
|
169
Edwards Lifesciences
EW
$49.4B
| $577M | 0.11% |
6,116,126
-434,642
| -7% | -$37.8M |
|
170
Chipotle Mexican Grill
CMG
$43.9B
| $577M | 0.11% |
13,484,500
-555,600
| -4% | -$22M |
|
171
FedEx
FDX
$73B
| $569M | 0.11% |
2,295,908
-91,019
| -4% | -$20.8M |
|
172
Humana
HUM
$43.9B
| $565M | 0.11% |
1,263,244
-35,847
| -3% | -$18M |
|
173
Crown Castle
CCI
$34.6B
| $562M | 0.11% |
4,928,094
-325,871
| -6% | -$38.8M |
|
174
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.4B
| $558M | 0.11% |
1,165,713
-19,045
| -2% | -$8.67M |
|
175
Moody's
MCO
$83.7B
| $557M | 0.11% |
1,602,522
-86,039
| -5% | -$27.3M |
|
Similar funds
Northern Trust's Q2 2023 Portfolio in Review
As of Q2 2023, Northern Trust held 4,684 positions worth $520B, up 3.2% from $504B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Northern Trust withdrew a net $18.7B in Q2 2023, closing 152 positions and reducing 1,968 holdings. Its most notable exit was ABB Ltd, an estimated $112M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Northern Trust opened a new position in Crane Co worth $39.5M.
- Northern Trust's largest Q2 2023 buy was Crane Co: 442,777 shares worth $39.5M.
- Northern Trust added most to FlexShares Global Upstream Natural Resources Index Fund in Q2 2023, an estimated $288M increase.
- Northern Trust's biggest Q2 2023 reduction was Apple, cutting an estimated $1.5B.
- Northern Trust fully exited ABB Ltd in Q2 2023, selling an estimated $112M.
- Northern Trust's ten largest holdings make up 23% of its $520B portfolio in Q2 2023.
- Northern Trust opened 107 new positions and closed 152 in Q2 2023.
- Northern Trust's portfolio value rose 3.2% quarter-over-quarter to $520B.
Based on Northern Trust's 13F filing for Q2 2023, filed 11 Aug 2023.