§ 13F · FUND PROFILE
Northern Trust Corp.
Northern Trust Corp is a prominent custody bank and asset servicing provider that manages $727.2 trillion in assets across over 20,000 equity positions, with major holdings in technology giants like NVIDIA, Apple, and Microsoft. The firm is known for its comprehensive wealth management and institutional asset servicing capabilities, maintaining broadly diversified portfolios that reflect its role as a major custodian for institutional clients.
AUM · $727164.9T (13F)Positions · 20680Turnover · 100% · Q4Filed · Feb 17, 2026
CONCENTRATION
22%
Top 10 holdings
NEW BUYS
+20753
+$784379.4T deployed
EXITS
0
No exits
SECTOR SHIFT
OTHER → SEMICONDUCTORS
-1pp · +1pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 17, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 176.98M | $33006.7T | 4.2% | NEW |
| 2 | AAPL | APPLE INC | 109.55M | $29781.3T | 3.8% | NEW |
| 3 | MSFT | MICROSOFT CORP | 55.51M | $26845.3T | 3.4% | NEW |
| 4 | AMZN | AMAZON COM INC | 68.15M | $15729.9T | 2.0% | NEW |
| 5 | GOOGL | ALPHABET INC | 43.91M | $13744.7T | 1.8% | NEW |
| 6 | AVGO | BROADCOM INC | 34.35M | $11889.3T | 1.5% | NEW |
| 7 | GOOG | ALPHABET INC | 35.06M | $11001.8T | 1.4% | NEW |
| 8 | META | META PLATFORMS INC | 16.08M | $10612.1T | 1.4% | NEW |
| 9 | TSLA | TESLA INC | 19.80M | $8905.5T | 1.1% | NEW |
| 10 | SPY | SPDR S&P 500 ETF TR | 12.11M | $8260.6T | 1.1% | NEW |
§ 02 · SECTOR ALLOCATION
Where the money is
Other41.7% (−1pp)
Technology15.9% (±0)
Semiconductors11.7% (+1pp)
Media8.1% (+1pp)
Retail6.2% (±0)
Financial Services5.7% (±0)
§ 03 · THE NORTHERN SIGNAL
AC read
Northern Trust Corp's latest 13F filing reveals the extraordinary scale and active nature of this custody banking giant's operations, with $727.2 trillion in assets under management spread across an astounding 20,680 positions. The firm's 100% quarterly turnover rate and the addition of over 20,000 new positions while exiting none suggests a highly dynamic operational model that likely reflects its role as a custody provider managing assets on behalf of numerous institutional clients rather than traditional active portfolio management.
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Busy quarter
+20753 buys · −0 exits · 0 changed
Q2 2025
Steady book
+0 buys · −0 exits · 0 changed
Q1 2025
Steady book
+0 buys · −0 exits · 0 changed