Northern Trust Corp
Reported US equity positions for Q1 2026 — $756.6B across 19,864 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| NVDA NVIDIA Corporation | $44.1B | 5.8% | 252,741,836 |
| AAPL Apple Inc. | $40.4B | 5.3% | 159,265,625 |
| MSFT Microsoft Corporation | $29.5B | 3.9% | 79,696,955 |
| AMZN Amazon.com, Inc. | $19.8B | 2.6% | 95,126,682 |
| GOOGL Alphabet Inc. | $18.7B | 2.5% | 64,991,458 |
| GOOG Alphabet Inc. - Class C Capital Stock | $15.0B | 2.0% | 52,345,296 |
| AVGO Broadcom Inc. | $14.7B | 1.9% | 47,625,547 |
| META Meta Platforms, Inc. | $12.6B | 1.7% | 21,979,768 |
| TSLA Tesla, Inc. | $9.5B | 1.3% | 25,659,609 |
| JPM JP Morgan Chase & Co. | $9.2B | 1.2% | 31,221,042 |
| SPY State Street SPDR S&P 500 ETF Trust | $9.0B | 1.2% | 13,839,818 |
| LLY Eli Lilly and Company | $8.1B | 1.1% | 8,827,564 |
| BRK.B Berkshire Hathaway Inc. | $7.4B | 1.0% | 15,487,316 |
| EXMOC Exxon Mobil Corp | $7.3B | 1.0% | 42,776,808 |
| JNJ Johnson & Johnson | $7.2B | 0.9% | 29,319,669 |
| IVV iShares Core S&P 500 ETF | $6.1B | 0.8% | 9,280,154 |
| V Visa Inc. | $5.3B | 0.7% | 17,650,961 |
| WMT Walmart Inc. | $5.2B | 0.7% | 41,765,304 |
| COST Costco Wholesale Corporation | $4.9B | 0.6% | 4,928,107 |
| ABBV AbbVie Inc. | $4.6B | 0.6% | 21,211,382 |
| MA Mastercard Incorporated | $4.3B | 0.6% | 8,688,907 |
| GUNR Northern Trust Morningstar Global Upstream Natural Resources ETF | $4.2B | 0.6% | 76,877,898 |
| CHV Chevron Corporation | $4.2B | 0.6% | 20,277,273 |
| NFLX Netflix, Inc. | $4.1B | 0.5% | 42,640,707 |
| CAT Caterpillar, Inc. | $4.0B | 0.5% | 5,678,795 |
| PG The Procter & Gamble Company | $3.9B | 0.5% | 27,110,576 |
| HD The Home Depot, Inc. | $3.7B | 0.5% | 11,339,555 |
| CSCO Cisco Systems, Inc. | $3.7B | 0.5% | 47,361,518 |
| MU Micron Technology, Inc. | $3.5B | 0.5% | 10,399,487 |
| VEA Vanguard FTSE Developed Markets ETF | $3.4B | 0.5% | 53,670,869 |
| AMD Advanced Micro Devices, Inc. | $3.3B | 0.4% | 16,427,217 |
| MRK Merck & Company, Inc. Common Stock (new) | $3.3B | 0.4% | 27,090,023 |
| VTI Vanguard Morningstar Total Stock Market ETF | $3.1B | 0.4% | 9,715,051 |
| BAC Bank of America Corporation | $3.1B | 0.4% | 63,136,722 |
| KO The Coca-Cola Company | $3.1B | 0.4% | 40,244,508 |
| PLTR Palantir Technologies Inc. | $3.1B | 0.4% | 20,901,773 |
| LRCX Lam Research Corporation | $3.0B | 0.4% | 14,189,351 |
| AMAT Applied Materials, Inc. | $3.0B | 0.4% | 8,788,352 |
| ITW Illinois Tool Works Inc. | $2.9B | 0.4% | 11,201,579 |
| GE GE Aerospace | $2.9B | 0.4% | 10,265,761 |
| ORCL Oracle Corporation | $2.8B | 0.4% | 18,807,683 |
| VWO Vanguard FTSE Emerging Markets ETF | $2.7B | 0.4% | 50,333,913 |
| GS The Goldman Sachs Group, Inc. | $2.7B | 0.4% | 3,156,087 |
| MCD McDonald's Corporation | $2.6B | 0.3% | 8,222,023 |
| IBM International Business Machines Corporation | $2.5B | 0.3% | 10,304,788 |
| WFC Wells Fargo & Company | $2.5B | 0.3% | 31,251,400 |
| GEV GE Vernova Inc. | $2.4B | 0.3% | 2,787,345 |
| 4I1 Philip Morris Intl INC | $2.4B | 0.3% | 14,437,223 |
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $2.4B | 0.3% | 8,779,907 |
| IGF iShares Global Infrastructure ETF | $2.3B | 0.3% | 35,024,708 |
| RTX RTX Corporation | $2.3B | 0.3% | 12,123,723 |
| IWF iShares Russell 1000 Growth Fund | $2.3B | 0.3% | 5,474,587 |
| KLAC KLA Corporation | $2.3B | 0.3% | 1,571,945 |
| PEP PepsiCo, Inc. | $2.3B | 0.3% | 14,853,134 |
| BAC Bank of America Corporation | $2.2B | 0.3% | 44,326,558 |
| G54950103 Linde PLC | $2.2B | 0.3% | 4,471,719 |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $2.2B | 0.3% | 6,509,047 |
| AMGN Amgen Inc. | $2.2B | 0.3% | 6,217,838 |
| TJX The TJX Companies, Inc. | $2.2B | 0.3% | 13,633,062 |
| TRVC Citigroup INC | $2.1B | 0.3% | 18,871,558 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.