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 |
Capital One
COF
|
+$535M |
| 2 |
FlexShares iBoxx 3-Year Target Duration TIPS Index Fund
TDTT
|
+$225M |
| 3 |
Vanguard Short-Term Bond ETF
BSV
|
+$220M |
| 4 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$217M |
| 5 |
FlexShares STOXX Global Broad Infrastructure Index Fund
NFRA
|
+$194M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DFS
Discover Financial Services
DFS
|
+$501M |
| 2 |
Microsoft
MSFT
|
+$438M |
| 3 |
Apple
AAPL
|
+$437M |
| 4 |
Tesla
TSLA
|
+$373M |
| 5 |
NVIDIA
NVDA
|
+$236M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.4% |
| 2 | Financials | 12.68% |
| 3 | Consumer Discretionary | 9.39% |
| 4 | Healthcare | 8.79% |
| 5 | Communication Services | 8.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Newmont
NEM
$98.1B
| $775M | 0.11% |
13,294,220
+360,125
| +3% | +$19.2M |
|
177
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.2B
| $763M | 0.11% |
15,568,877
-530,349
| -3% | -$25.9M |
|
178
PayPal
PYPL
$49.7B
| $761M | 0.1% |
10,242,435
-24,287
| -0.2% | -$1.66M |
|
179
United Parcel Service
UPS
$96.3B
| $754M | 0.1% |
7,470,754
+55,231
| +0.7% | +$5.43M |
|
180
Royal Caribbean
RCL
$77.7B
| $754M | 0.1% |
2,408,052
-2,201
| -0.1% | -$524K |
|
181
Arthur J. Gallagher & Co
AJG
$65.4B
| $752M | 0.1% |
2,348,343
-16,416
| -0.7% | -$5.41M |
|
182
iShares ESG Aware MSCI USA ETF
ESGU
$17.7B
| $746M | 0.1% |
5,512,613
-1,312,037
| -19% | -$164M |
|
183
Northern Trust
NTRS
$22.2B
| $742M | 0.1% |
5,854,837
-40
| -0% | -$4.09K |
|
184
US Bancorp
USB
$98.7B
| $736M | 0.1% |
16,266,129
-377,610
| -2% | -$15.9M |
|
185
Fortinet
FTNT
$112B
| $731M | 0.1% |
6,916,512
+396,954
| +6% | +$40M |
|
186
Aflac
AFL
$64.4B
| $731M | 0.1% |
6,930,662
-262,666
| -4% | -$27.6M |
|
187
HCA Healthcare
HCA
$86.4B
| $727M | 0.1% |
1,898,096
-93,414
| -5% | -$33.7M |
|
188
State Street SPDR S&P Global Natural Resources ETF
GNR
$4.71B
| $727M | 0.1% |
13,399,173
-491,423
| -4% | -$25.7M |
|
189
TransDigm Group
TDG
$71.9B
| $725M | 0.1% |
477,032
+4,047
| +0.9% | +$5.68M |
|
190
Johnson Controls International
JCI
$86.4B
| $722M | 0.1% |
6,834,370
+215,874
| +3% | +$19.9M |
|
191
General Dynamics
GD
$106B
| $720M | 0.1% |
2,469,525
-88,947
| -3% | -$24.5M |
|
192
Paychex
PAYX
$41.5B
| $717M | 0.1% |
4,932,209
-56,973
| -1% | -$8.58M |
|
193
EOG Resources
EOG
$75.5B
| $709M | 0.1% |
5,924,963
-152,965
| -3% | -$17.5M |
|
194
Public Storage
PSA
$60.5B
| $706M | 0.1% |
2,405,652
-140,826
| -6% | -$41.7M |
|
195
Norfolk Southern
NSC
$76.8B
| $706M | 0.1% |
2,756,637
-226,983
| -8% | -$53.5M |
|
196
Howmet Aerospace
HWM
$114B
| $705M | 0.1% |
3,789,120
+66,249
| +2% | +$10.2M |
|
197
AutoZone
AZO
$50.2B
| $696M | 0.1% |
187,456
-12,106
| -6% | -$44.6M |
|
198
Realty Income
O
$61.4B
| $683M | 0.09% |
11,852,040
-856,672
| -7% | -$48.4M |
|
199
W.W. Grainger
GWW
$65.6B
| $682M | 0.09% |
656,044
-9,186
| -1% | -$9.54M |
|
200
Freeport-McMoran
FCX
$88.6B
| $678M | 0.09% |
15,628,978
-654,153
| -4% | -$24.8M |
|
Similar funds
Northern Trust's Q2 2025 Portfolio in Review
As of Q2 2025, Northern Trust held 4,554 positions worth $727B, up 8% from $674B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Northern Trust's Q2 2025 filing shows 137 new, 1,442 increased, 2,512 reduced and 155 closed positions. Its largest new stake was Ralliant Corp: 735,735 shares worth $35.7M. The largest sale was Discover Financial Services, an estimated $501M.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 26% a quarter earlier, followed by Financials and Consumer Discretionary.
- Northern Trust's largest Q2 2025 buy was Ralliant Corp: 735,735 shares worth $35.7M.
- Northern Trust added most to Capital One in Q2 2025, an estimated $535M increase.
- Northern Trust's biggest Q2 2025 reduction was Microsoft, cutting an estimated $438M.
- Northern Trust fully exited Discover Financial Services in Q2 2025, selling an estimated $501M.
- Northern Trust's ten largest holdings make up 28% of its $727B portfolio in Q2 2025.
- Northern Trust opened 137 new positions and closed 155 in Q2 2025.
- Northern Trust's portfolio value rose 8% quarter-over-quarter to $727B.
Based on Northern Trust's 13F filing for Q2 2025, filed 13 Aug 2025.