Northern Trust Corp.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Northern Trust Corp. reported 4,405 stock positions worth $610.7 billion. Its top holding was Apple (AAPL) at 5.8% of the portfolio, followed by Microsoft (MSFT, 5.1%) and Nvidia (NVDA, 4.6%). Compared with Q2 2024, it opened 119 new positions, sold out of 120, added to 1,826 and reduced 2,166. The biggest buy was Walmart (WMT, shares +0%) and the biggest sale Microsoft (MSFT, shares −3%).

Most Recent 13F
Q2 2026
Location
CHICAGO, IL
CIK
0000073124
Portfolio Value
$610.7B (Q3 2024)
SEC Filing
0001256484-24-000032 ↗ filed Nov 13, 2024

Holdings Value

0$200.0B$400.0B$600.0B$800.0B$1.00T Q1 2024: $578.7B Q1 2024 Q2 2024: $593.3B Q2 2024 Q3 2024: $610.7B $610.7B Q3 2024 Q4 2024: $706.2B Q4 2024 Q1 2025: $673.5B Q1 2025 Q2 2025: $727.1B Q2 2025 Q3 2025: $781.7B Q3 2025 Q4 2025: $784.4B Q4 2025 Q1 2026: $756.6B Q1 2026 Q2 2026: $859.8B Q2 2026

Holdings 4,405 stocks · $610.7B

AAPL Apple Inc. 5.77% 151,306,059 $35.3B Reduce -1.1%
MSFT Microsoft Corp. 5.09% 72,187,276 $31.1B Reduce -3.3%
NVDA Nvidia Corp. 4.58% 230,187,377 $28.0B Reduce -3.9%
AMZN Amazon.com Inc. 2.60% 85,149,527 $15.9B Reduce -1.9%
META Meta Platforms Inc. Class A 1.94% 20,657,733 $11.8B Reduce -3.6%
GOOGL Alphabet Inc. Class A 1.62% 59,481,424 $9.9B Reduce -3.4%
GOOG Alphabet Inc. Class C 1.35% 49,180,417 $8.2B Reduce -4.5%
SPY SS SPDR S&P 500 ETF Trust-US 1.26% 13,420,360 $7.7B Reduce -0.5%
AVGO Broadcom Inc. 1.24% 43,828,426 $7.6B Add +0.3%
LLY Eli Lilly & Co. 1.20% 8,243,882 $7.3B Reduce -5.4%
BRK.B Berkshire Hathaway Inc. Class B 1.15% 15,323,044 $7.1B Reduce -2.3%
JPM JPMorgan Chase & Co. 1.01% 29,330,529 $6.2B Reduce -4.2%
TSLA Tesla Inc. 1.01% 23,504,197 $6.1B Reduce -2.7%
XOM Exxon Mobil Corp. 0.83% 43,018,466 $5.0B Reduce -1.6%
UNH Unitedhealth Group Inc. 0.81% 8,445,183 $4.9B Reduce -6.6%
PG The Procter & Gamble Co. 0.76% 26,691,451 $4.6B Reduce -3.4%
JNJ Johnson & Johnson 0.73% 27,449,940 $4.4B Reduce -3.5%
HD Home Depot Inc. 0.71% 10,725,033 $4.3B Reduce -4.3%
V Visa Inc. Class A 0.70% 15,475,007 $4.3B Reduce -0.8%
COST Costco Wholesale Corp. 0.68% 4,670,506 $4.1B Reduce -3.2%
MA Mastercard Inc. Class A 0.64% 7,941,394 $3.9B Reduce -3.3%
ABBV Abbvie Inc. 0.63% 19,524,981 $3.9B Reduce -3.7%
GUNR NT Mstar GLBL NR ETF 0.60% 88,991,857 $3.7B Reduce -6.2%
ITW Illinois Tool Works 0.56% 13,159,465 $3.4B Reduce -0.9%
IVV iShares Core S&P 500 ETF 0.56% 5,915,891 $3.4B Add +6.5%
WMT Walmart Inc. 0.53% 40,091,899 $3.2B Add +0.3%
MRK Merck & Co. Inc. 0.50% 26,865,365 $3.1B Add +0.2%
ORCL Oracle Corp. 0.49% 17,443,642 $3.0B Reduce -0.0%
KO The Coca-Cola Co. 0.47% 39,990,540 $2.9B Reduce -3.4%
NFLX Netflix Inc. 0.46% 4,003,332 $2.8B Reduce -3.6%
CVX Chevron Corp. 0.46% 19,077,709 $2.8B Reduce -5.5%
VTI VG Morningstar TS MKT ETF-US 0.44% 9,527,133 $2.7B Reduce -3.2%
CRM Salesforce Inc. 0.43% 9,488,260 $2.6B Reduce -6.0%
PEP Pepsico Inc. 0.42% 15,096,577 $2.6B Reduce -3.1%
MCD McDonald's Corp. 0.40% 7,971,297 $2.4B Reduce -4.5%
ACN Accenture PLC Class A 0.40% 6,849,575 $2.4B Reduce -6.5%
ADBE Adobe Inc. 0.39% 4,641,296 $2.4B Reduce -3.5%
CAT Caterpillar Inc. 0.39% 6,122,853 $2.4B Reduce -3.8%
AMD Advanced Micro Devices 0.38% 14,281,510 $2.3B Reduce -3.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.38% 57,955,081 $2.3B Reduce -4.6%
ABT Abbott Laboratories 0.37% 19,996,210 $2.3B Reduce -3.3%
CSCO Cisco Systems Inc. 0.37% 42,405,445 $2.3B Reduce -6.5%
VEA Vanguard Ftse Developed ETF 0.36% 41,571,341 $2.2B Add +1.4%
TMO Thermo Fisher Scientific Inc. 0.35% 3,455,011 $2.1B Reduce -5.1%
LIN Linde PLC 0.35% 4,424,833 $2.1B Reduce -3.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.33% 9,141,784 $2.0B Reduce -3.7%
QCOM Qualcomm Inc. 0.33% 11,796,437 $2.0B Reduce -1.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.32% 20,145,984 $1.9B Reduce -4.3%
DHR Danaher Corp. 0.32% 6,942,397 $1.9B Reduce -5.4%
TXN Texas Instruments Inc. 0.31% 9,265,823 $1.9B Reduce -4.0%
NFRA NT GLBL BRD Infra ETF 0.30% 30,935,740 $1.8B Add +7.5%
VZ Verizon Communications Inc. 0.29% 40,091,577 $1.8B Reduce -4.3%
GE General Electric filed as GE AEROSPACE 0.29% 9,493,763 $1.8B Reduce -3.5%
AMGN Amgen Inc. 0.29% 5,555,775 $1.8B Reduce -5.1%
INTU Intuit Inc. 0.29% 2,872,983 $1.8B Reduce -3.4%
NEE Nextera Energy Inc. 0.29% 21,060,095 $1.8B Reduce -3.4%
IWF iShares Russell 1000 Growth 0.29% 4,698,284 $1.8B Add +3.0%
EFA iShares MSCI Eafe ETF 0.29% 20,968,447 $1.8B Reduce -0.6%
WFC Wells Fargo & Co. 0.29% 31,031,440 $1.8B Reduce -5.3%
NOW ServiceNow Inc. 0.29% 1,950,318 $1.7B Reduce -3.4%
AMAT Applied Materials Inc. 0.29% 8,627,819 $1.7B Reduce -3.3%
LOW Lowe's Cos Inc. 0.27% 6,080,558 $1.6B Reduce -5.1%
AXP American Express Co. 0.26% 5,869,324 $1.6B Reduce -4.8%
CMCSA Comcast Corp. Class A 0.26% 37,660,058 $1.6B Reduce -6.1%
PFE Pfizer Inc. 0.26% 54,215,338 $1.6B Reduce -4.3%
ISRG Intuitive Surgical Inc. 0.25% 3,124,797 $1.5B Reduce -3.7%
AGG iShares Core U.S. Aggregate 0.25% 14,936,172 $1.5B Reduce -5.9%
PM Philip Morris International 0.24% 12,282,674 $1.5B Reduce -3.6%
UNP Union Pacific Corp. 0.24% 6,042,236 $1.5B Reduce -2.9%
T AT&T Inc. 0.24% 67,202,675 $1.5B Reduce -1.6%
USHY iShares Broad Usd High Yield 0.24% 38,890,644 $1.5B Add +3.8%
ADP Automatic Data Processing 0.24% 5,272,065 $1.5B Reduce -2.0%
RTX RTX Corp. 0.24% 11,914,892 $1.4B Reduce -0.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.23% 12,140,601 $1.4B Reduce -5.5%
SPGI S&P Global Inc. 0.23% 2,750,696 $1.4B Reduce -4.7%
GS Goldman Sachs Group Inc. 0.23% 2,864,177 $1.4B Reduce -4.2%
TDTT NT Iboxx 3Y Dur Tips ETF 0.23% 58,886,254 $1.4B Reduce -1.3%
ETN Eaton Corp. PLC 0.23% 4,206,463 $1.4B Reduce -5.2%
PGR Progressive Corp. 0.23% 5,468,845 $1.4B Reduce -3.4%
BKNG Booking Holdings Inc. 0.21% 310,271 $1.3B Reduce -4.8%
TILT NT Mstar US Ftilt ETF 0.21% 6,056,127 $1.3B Add +0.4%
UBER Uber Technologies Inc. 0.21% 16,992,348 $1.3B Reduce -2.0%
SBUX Starbucks Corp. 0.21% 12,973,186 $1.3B Reduce -4.5%
IJH iShares Core S&P Midcap ETF 0.21% 20,198,509 $1.3B Add +2.9%
BLK BlackRock Finance Inc. 0.21% 1,319,540 $1.3B Reduce -5.0%
LMT Lockheed Martin Corp. 0.20% 2,126,248 $1.2B Reduce -2.3%
HON Honeywell International Inc. 0.20% 5,916,371 $1.2B Reduce -1.6%
VWO Vanguard Ftse Emerging Marke 0.20% 25,395,373 $1.2B Add +1.2%
NKE Nike Inc. Class B 0.20% 13,506,794 $1.2B Reduce -6.0%
IGF iShares Global Infrastructur 0.19% 21,648,463 $1.2B Add +7.4%
ADI Analog Devices Inc. 0.19% 5,093,834 $1.2B Reduce -7.7%
MS Morgan Stanley 0.19% 11,169,608 $1.2B Reduce -6.7%
AMT American Tower Corp. 0.19% 5,001,091 $1.2B Reduce -1.8%
MRSH Marsh & McLennan Cos 0.19% 5,207,627 $1.2B Reduce -4.5%
SYK Stryker Corp. 0.19% 3,186,084 $1.2B Reduce -1.9%
PANW Palo Alto Networks Inc. 0.19% 3,355,993 $1.1B Reduce -2.3%
KLAC KLA Corp. 0.19% 1,480,870 $1.1B Reduce -2.9%
COP Conocophillips 0.19% 10,786,174 $1.1B Reduce -1.6%
PLD Prologis Inc. 0.19% 8,962,055 $1.1B Reduce -3.3%
IGSB iShares 1-5Y Inv Grade Corp. 0.19% 21,462,572 $1.1B Add +3.5%

Show all 4,405 holdings

Other holdings (6): bonds, preferreds, convertibles and warrants · $73.2M (not counted above)
SecurityClassShares / PrincipalValueChange
AFFIRM HOLDINGS INC (AFRM 0 11/15/26) NOTE 11/1 · principal 469,000$41.5MNo change
SNAP INC (SNAP 0 05/01/27) NOTE 5/0 · principal 363,000$31.0MNo change
SEA LTD (SEALTD 0.25 09/15/26) NOTE 0.250% 9/1 · principal 403,000$364KNo change
GUARDANT HEALTH INC (GH 0 11/15/27) NOTE 11/1 · principal 329,000$263KNo change
SEAPORT ENTERTAINMENT GR-RTS RIGHT 10/10/2024 14,019$41KNew
ADVENT CONVERTIBLE AND INCOM RIGHT 10/17/2024 10,878$216New

Total filed on the 13F, all lines: $610.8B.

Portfolio Sells Q2 2024 → Q3 2024

MSFT Microsoft Corp. Reduce -3.3% 5.09% −0.53
NVDA Nvidia Corp. Reduce -3.9% 4.58% −0.41
GOOGL Alphabet Inc. Class A Reduce -3.4% 1.62% −0.27
GOOG Alphabet Inc. Class C Reduce -4.5% 1.35% −0.24
AMZN Amazon.com Inc. Reduce -1.9% 2.60% −0.23
LLY Eli Lilly & Co. Reduce -5.4% 1.20% −0.13
QCOM Qualcomm Inc. Reduce -1.9% 0.33% −0.07
CVX Chevron Corp. Reduce -5.5% 0.46% −0.07
LRCX Lam Research Corp. Reduce -3.9% 0.18% −0.07
AMAT Applied Materials Inc. Reduce -3.3% 0.29% −0.07
INTC Intel Corp. Reduce -6.0% 0.15% −0.07
SMCI Super Micro Computer Inc. Reduce -52.8% 0.02% −0.07
MU Micron Technology Inc. Reduce -3.7% 0.16% −0.06
ADBE Adobe Inc. Reduce -3.5% 0.39% −0.06
WFC Wells Fargo & Co. Reduce -5.3% 0.29% −0.04
GUNR NT Mstar GLBL NR ETF Reduce -6.2% 0.60% −0.04
INTU Intuit Inc. Reduce -3.4% 0.29% −0.04
DIS The Walt Disney Co. Reduce -4.3% 0.32% −0.04
EW Edwards Lifesciences Corp. Reduce -6.6% 0.06% −0.03
JPM JPMorgan Chase & Co. Reduce -4.2% 1.01% −0.03
SCHW Schwab (charles) Corp. Reduce -3.4% 0.15% −0.03
BAC Bank of America Corp. Reduce -4.6% 0.38% −0.03
MCK McKesson Corp. Reduce -4.3% 0.11% −0.03
SNPS Synopsys Inc. Reduce -3.9% 0.12% −0.03
DXCM Dexcom Inc. Reduce -2.8% 0.04% −0.03
MRNA Moderna Inc. Reduce -8.3% 0.03% −0.03
ABNB Airbnb Inc. Class A Reduce -6.7% 0.08% −0.03
COP Conocophillips Reduce -1.6% 0.19% −0.03
ELV Elevance Health Inc. Reduce -6.0% 0.18% −0.03
CDNS Cadence Design SYS Inc. Reduce -3.8% 0.12% −0.02
ASML ASML Holding NV-NY Reg SHS Reduce -0.6% 0.09% −0.02
KLAC KLA Corp. Reduce -2.9% 0.19% −0.02
DG Dollar General Corp. Reduce -17.3% 0.03% −0.02
XOM Exxon Mobil Corp. Reduce -1.6% 0.83% −0.02
AMD Advanced Micro Devices Reduce -3.8% 0.38% −0.02
ADI Analog Devices Inc. Reduce -7.7% 0.19% −0.02
WRK Westrock Co. Sold out 0.00% −0.02
VRTX Vertex Pharmaceuticals Inc. Reduce -6.6% 0.18% −0.02
MCHP Microchip Technology Inc. Reduce -3.7% 0.09% −0.02
SLB SLB Ltd. Reduce -4.4% 0.09% −0.02
HUM Humana Inc. Reduce -7.2% 0.06% −0.02
VLO Valero Energy Corp. Reduce -2.9% 0.07% −0.02
CMG Chipotle Mexican Grill Inc. Reduce -1.3% 0.12% −0.02
F Ford Motor Co. Reduce -4.3% 0.06% −0.02
HON Honeywell International Inc. Reduce -1.6% 0.20% −0.02
FDX FedEx Corp. Reduce -3.5% 0.09% −0.02
OXY Occidental Petroleum Corp. Reduce -1.8% 0.06% −0.02
C Citigroup Inc. Reduce -3.8% 0.18% −0.02
ELF Elf Beauty Inc. Reduce -38.4% 0.01% −0.02
NXPI NXP Semiconductors NV Reduce -5.2% 0.07% −0.02

Portfolio Buys Q2 2024 → Q3 2024

WMT Walmart Inc. Add +0.3% 0.53% +0.07
AVGO Broadcom Inc. Add +0.3% 1.24% +0.06
PLTR Palantir Technologies Inc. Class A Add +35.7% 0.10% +0.05
IVV iShares Core S&P 500 ETF Add +6.5% 0.56% +0.05
NFRA NT GLBL BRD Infra ETF Add +7.5% 0.30% +0.04
SW Smurfit Westrock PLC New 0.03% +0.03
IGF iShares Global Infrastructur Add +7.4% 0.19% +0.03
KKR KKR & Co. Inc. Add +2.6% 0.12% +0.02
CRH CRH PLC Add +31.2% 0.05% +0.02
SE Sea Ltd.-ADR Add +70.8% 0.03% +0.02
VEA Vanguard Ftse Developed ETF Add +1.4% 0.36% +0.02
DELL Dell Technologies -C Add +72.2% 0.06% +0.02
QLC NT US Qual LC ETF Add +84.9% 0.04% +0.02
FLUT Flutter Entertainment PLC-Di Add +791.0% 0.02% +0.02
APP AppLovin Corp. Class A Add +23.4% 0.03% +0.02
IJR iShares Core S&P Small-Cap E Add +3.8% 0.16% +0.02
VWO Vanguard Ftse Emerging Marke Add +1.2% 0.20% +0.01
KVUE Kenvue Inc. Add +0.3% 0.07% +0.01
IJH iShares Core S&P Midcap ETF Add +2.9% 0.21% +0.01
LUMN Lumen Technologies Inc. Add +0.2% 0.01% +0.01
USHY iShares Broad Usd High Yield Add +3.8% 0.24% +0.01
GEHC GE Healthcare Technology Add +2.4% 0.06% +0.01
NU Nu Holdings Ltd./Cayman Isl-A Add +30.5% 0.04% +0.01
GD General Dynamics Corp. Add +6.7% 0.12% +0.01
IWR iShares Russell Mid-Cap ETF Add +1.6% 0.13% +0.01
IWD iShares Russell 1000 Value E Add +2.3% 0.12% +0.01
IWF iShares Russell 1000 Growth Add +3.0% 0.29% +0.01
IGIB iShares 5-10Y Inv Grade Corp. Add +11.2% 0.07% +0.01
GQRE NT GLBL Qual Re ETF Add +12.1% 0.04% +0.01
ESGU iShares ESG Aware MSCI USA Add +5.7% 0.10% +0.01
BSV Vanguard Short-Term Bond ETF Add +9.1% 0.10% +0.01
TILT NT Mstar US Ftilt ETF Add +0.4% 0.21% +0.01
IWM iShares Russell 2000 ETF Add +0.3% 0.14% +0.01
VRT Vertiv Holdings Co. Class A Add +15.0% 0.04% +0.01
AVTR Avantor Inc. Add +31.3% 0.02% +0.01
PPL PPL Corp. Add +4.2% 0.04% +0.01
PCVX Vaxcyte Inc. Add +10.3% 0.02% +0.01
RWR SS SPDR Dow Jones REIT ETF Add +5.2% 0.05% +0.01
SPOT Spotify Technology SA Add +5.5% 0.04% +0.01
HLNE Hamilton Lane Inc. Class A Add +25.8% 0.02% +0.01
NDAQ Nasdaq Inc. Add +1.7% 0.04% +0.01
VTEB Vanguard Tax-Exempt Bond ETF Add +6.4% 0.13% +0.01
BABA Alibaba Group Holding-SP ADR Add +9.9% 0.02% +0.01
IGSB iShares 1-5Y Inv Grade Corp. Add +3.5% 0.19% +0.01
AUR Aurora Innovation Inc. Add +88.3% 0.01% +0.01
VGSH Vanguard Short-Term Treasury Add +14.0% 0.05% +0.01
ICUI Icu Medical Inc. Add +44.8% 0.01% +0.01
EME Emcor Group Inc. Add +6.5% 0.03% +0.01
ESGD iShares Trust iShares ESG Aw Add +5.8% 0.06% +0.01
FUN Six Flags Entertainment Corp. New 0.01% +0.01

Notes & Other Activity Q2 2024 → Q3 2024

BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Sold out 740 $885Kbefore exit
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Sold out 700 $832Kbefore exit
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 Sold out 6,816 $281Kbefore exit
SEAPORT ENTERTAINMENT GR-RTS RIGHT 10/10/2024 New 14,019 $41K
LGL.WS LGL Group Inc./the -CW25 *W EXP 11/16/202 Sold out 22,155 $8Kbefore exit
ADVENT CONVERTIBLE AND INCOM RIGHT 10/17/2024 New 10,878 $216

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 4,440$859.8BNVDA, AAPL, MSFT, GOOGL, AMZN
Q1 2026 4,396$756.6BNVDA, AAPL, MSFT, AMZN, GOOGL
Q4 2025 4,449$784.4BNVDA, AAPL, MSFT, AMZN, GOOGL
Q3 2025 4,422$781.7BNVDA, MSFT, AAPL, AMZN, META
Q2 2025 4,399$727.1BNVDA, MSFT, AAPL, AMZN, META
Q1 2025 4,417$673.5BAAPL, MSFT, NVDA, AMZN, META
Q4 2024 4,441$706.2BAAPL, NVDA, MSFT, AMZN, META
Q3 2024 4,405$610.7BAAPL, MSFT, NVDA, AMZN, META
Q2 2024 4,404$593.3BMSFT, AAPL, NVDA, AMZN, GOOGL
Q1 2024 4,418$578.7BMSFT, AAPL, NVDA, AMZN, META