Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Northwest Bancshares, Inc. The document discloses the company's holdings in equity securities as of the reporting period ending December 31, 2025. As a Form 13F, this filing details the investment portfolio managed by the company rather than its own operational financial performance.
Key Financial Metrics and Portfolio Composition
The filing provides a granular list of securities held, categorized by issuer, class, CUSIP, share count, and value. Key portfolio characteristics include:
- Asset Class: The portfolio consists primarily of common stocks (COM) and Exchange Traded Funds (ETFs).
- Top Holdings by Value: Significant positions are held in large-cap technology and financial firms, including Apple Inc. (approx. $14.9M), Microsoft Corp. (approx. $13.8M), Alphabet Inc. (Class A and C combined approx. $12.7M), and Amazon.com Inc. (approx. $1.4M).
- ETF Exposure: The portfolio includes substantial allocations to broad market and sector-specific ETFs, such as Vanguard Intermediate-Term Corporate Bond ETF (approx. $18.8M), Schwab Fundamental US Large ETF (approx. $111.3M), and iShares Core S&P 500 ETF (approx. $14.8M).
- Self-Holding: Northwest Bancshares, Inc. holds a position in its own stock (Northwest Bancshares Inc MD COM) valued at approximately $2.8 million.
Material Changes and Voting Authority
The filing distinguishes between voting authority types:
- Sole Discretion: The vast majority of holdings are reported under "Sole" voting authority, indicating direct control by the reporting manager.
- Other Discretion: A smaller portion of holdings (e.g., specific tranches of AbbVie, Aflac, and Apple) are reported under "Other" discretion, suggesting these may be held in accounts where the manager does not have sole voting power.
- Shared Authority: No holdings are reported with "Shared" voting authority in this specific table.
Note: As this is a static snapshot of holdings, the filing text does not provide comparative data against the prior quarter to calculate material changes in position size or value.
Guidance, Outlook, and Risks
Management Commentary: This filing type does not contain management commentary, forward-looking guidance, or strategic outlooks regarding the company's operations.
Risks and Contingencies: The document includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness. No specific risk factors or contingencies related to the portfolio are detailed in the text provided.
Important Facts for Investor Verification
- Portfolio Concentration: Verify the concentration risk in the top 10 holdings, which include significant exposure to the technology and financial sectors.
- Self-Holding: Confirm the size of the company's own stock position ($2.8M) relative to its total reported assets to understand insider alignment.
- ETF Weighting: Assess the impact of the large ETF positions (e.g., Schwab Fundamental US Large ETF at $111M) on the overall diversification of the portfolio.
- Reporting Date: Ensure the data reflects the specific period of December 31, 2025, and cross-reference with subsequent filings for updated positions.