13FPulse
NT

NTRS NORTHERN TRUST CORP

2026Q2 · CUSIP 665859104 · Sector: Financials

Piling in

Net holder growth ranks near the top of the market

Funds that own it
995
Institutions that reported holding it to the SEC
Net increase in holders
+40
Last quarter 955 → now 995
How unusual is that
Top 10%
Stronger buying than 93% of US stocks
What the filings say, in one paragraph

995 funds held NTRS at the end of 2026Q2, up 40 from the quarter before. That is stronger buying than 92.8% of US stocks — among the most piled-into names this quarter. On the business itself, the P/E is 19.1x, return on equity is 14.4%. NTRS has had 22 buying rushes in its history, and the price moved +3.0% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Financials sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=478 2013Q4: holders=501 2014Q1: holders=493 2014Q2: holders=499 2014Q3: holders=503 2014Q4: holders=518 2015Q1: holders=517 2015Q2: holders=555 2015Q3: holders=548 2015Q4: holders=550 2016Q1: holders=547 2016Q2: holders=561 2016Q3: holders=563 2016Q4: holders=587 2017Q1: holders=568 2017Q2: holders=596 2017Q3: holders=601 2017Q4: holders=644 2018Q1: holders=661 2018Q2: holders=667 2018Q3: holders=686 2018Q4: holders=657 2019Q1: holders=651 2019Q2: holders=624 2019Q3: holders=610 2019Q4: holders=679 2020Q1: holders=590 2020Q2: holders=611 2020Q3: holders=600 2020Q4: holders=641 2021Q1: holders=647 2021Q2: holders=657 2021Q3: holders=658 2021Q4: holders=711 2022Q1: holders=678 2022Q2: holders=685 2022Q3: holders=673 2022Q4: holders=689 2023Q1: holders=669 2023Q2: holders=664 2023Q3: holders=643 2023Q4: holders=674 2024Q1: holders=679 2024Q2: holders=695 2024Q3: holders=725 2024Q4: holders=786 2025Q1: holders=786 2025Q2: holders=841 2025Q3: holders=871 2025Q4: holders=911 2026Q1: holders=955 2026Q2: holders=995 -89 -44.5 +0 +44.5 +89 4307381045 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 22 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 10%
2026Q1 Top 10% +10.1%
2025Q4 Top 20% +1.0% +15.1%
2025Q3 Top 20% +18.0% +18.9%
2025Q2 Top 5% +5.5% +0.9%
2024Q4 Top 10% -10.2% -1.8%
2024Q3 Top 10% -4.6% +4.4%
2024Q2 Top 20% +2.2% +22.5%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
322
Change in large funds
+23
Total value they hold
$26.8B
Funds buying for the first time
135
Funds that sold out entirely
95
Price change that quarter
+11.0%
Funds holding puts (bearish)
10
Funds holding calls (bullish)
8

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
19.1
EPS (TTM)
$9.55
EPS YoY
-10.8%
Revenue (TTM)
Revenue YoY
Net margin
ROE
14.4%
Debt ratio
92.6%
FCF (TTM)
$2.4B
Dividend (TTM)
$3.15
Quarterly Revenue & EPS
2022-06-30: EPS 1.86 2022-09-30: EPS 1.80 2022-12-31: EPS 0.71 2023-03-31: EPS 1.51 2023-06-30: EPS 1.56 2023-09-30: EPS 1.49 2023-12-31: EPS 0.52 2024-03-31: EPS 0.96 2024-06-30: EPS 4.34 2024-09-30: EPS 2.22 2024-12-31: EPS 2.25 2025-03-31: EPS 1.90 2025-06-30: EPS 2.13 2025-09-30: EPS 2.29 2025-12-31: EPS 2.42 2026-03-31: EPS 2.71 0.00 2.39 4.77 20222023202420252026 EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 13 9 14 19 2023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-2.7B686M4.1B 20162017201820192020202120222023202420252026
Latest quarter $-329M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-03-31 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.