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 | |
|---|---|---|---|---|---|---|
2226
Merchants Bancorp
MBIN
$2.51B
| $7.48M | ﹤0.01% |
226,104
+53,072
| +31% | +$1.72M |
|
2227
Matthews International
MATW
$862M
| $7.48M | ﹤0.01% |
312,643
-13,901
| -4% | -$293K |
|
2228
Nurix Therapeutics
NRIX
$2.42B
| $7.44M | ﹤0.01% |
653,533
-46,784
| -7% | -$506K |
|
|
AVDL
2229
DELISTED
Avadel Pharmaceuticals
AVDL
| $7.43M | ﹤0.01% |
839,117
+199,251
| +31% | +$1.75M |
|
2230
Geron
GERN
$795M
| $7.41M | ﹤0.01% |
5,254,214
-2,749
| -0.1% | -$3.9K |
|
2231
Burke & Herbert Financial Services Corp
BHRB
$1.47B
| $7.38M | ﹤0.01% |
123,521
-6,772
| -5% | -$375K |
|
2232
Cable One
CABO
$222M
| $7.37M | ﹤0.01% |
54,250
-9,882
| -15% | -$1.85M |
|
2233
SFL Corp
SFL
$1.63B
| $7.36M | ﹤0.01% |
883,894
-14,306
| -2% | -$119K |
|
2234
iShares Core Dividend Growth ETF
DGRO
$42.7B
| $7.36M | ﹤0.01% |
115,100
+37,818
| +49% | +$2.31M |
|
2235
Old Second Bancorp
OSBC
$1.28B
| $7.35M | ﹤0.01% |
414,407
-3,779
| -0.9% | -$61.6K |
|
|
RDUS
2236
DELISTED
Radius Recycling
RDUS
| $7.34M | ﹤0.01% |
247,333
+20,176
| +9% | +$592K |
|
2237
First Watch Restaurant Group
FWRG
$798M
| $7.34M | ﹤0.01% |
457,353
+105,674
| +30% | +$1.77M |
|
2238
Revolve Group
RVLV
$1.81B
| $7.33M | ﹤0.01% |
365,573
-3,064
| -0.8% | -$62K |
|
2239
Bitdeer Technologies
BTDR
$2.59B
| $7.33M | ﹤0.01% |
638,278
+539,435
| +546% | +$6.23M |
|
2240
Lifestance Health
LFST
$4.07B
| $7.28M | ﹤0.01% |
1,408,374
-122,898
| -8% | -$736K |
|
|
RC
2241
Ready Capital
RC
$256M
| $7.26M | ﹤0.01% |
1,661,643
+22,112
| +1% | +$98.2K |
|
2242
Liquidia Corp
LQDA
$7.65B
| $7.25M | ﹤0.01% |
582,065
-2,191
| -0.4% | -$32.4K |
|
2243
Ceco Environmental
CECO
$3.88B
| $7.24M | ﹤0.01% |
255,711
-17,890
| -7% | -$445K |
|
|
CWEN.A
2244
DELISTED
Clearway Energy Class A
CWEN.A
| $7.24M | ﹤0.01% |
239,201
+2,317
| +1% | +$65K |
|
2245
Amalgamated Financial
AMAL
$1.47B
| $7.23M | ﹤0.01% |
231,592
+21,998
| +10% | +$644K |
|
2246
CAE Inc. Common Shares
CAE
$8.35B
| $7.22M | ﹤0.01% |
246,825
-75,369
| -23% | -$1.9M |
|
2247
Syndax Pharmaceuticals
SNDX
$1.67B
| $7.22M | ﹤0.01% |
770,451
-8,307
| -1% | -$91.4K |
|
|
DHC
2248
Diversified Healthcare Trust
DHC
$2.16B
| $7.19M | ﹤0.01% |
2,006,998
-73,598
| -4% | -$212K |
|
2249
Xerox
XRX
$399M
| $7.17M | ﹤0.01% |
1,361,062
+83,823
| +7% | +$409K |
|
2250
Shenandoah Telecom
SHEN
$668M
| $7.17M | ﹤0.01% |
525,017
+561
| +0.1% | +$7.12K |
|
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.