Northwest Bancshares, Inc. - Form 13F Information Table Summary
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Northwest Bancshares, Inc. for the reporting period ending March 31, 2025. The document discloses the company's holdings of equity securities and certain other investment instruments as of the end of the quarter. It does not contain financial performance data (revenue, profit, cash flow) for Northwest Bancshares itself, but rather details the assets managed or held by the institution.
Key Financial Metrics and Portfolio Composition
The filing lists specific holdings by issuer, class, CUSIP, share count, and value. Key portfolio characteristics include:
- Top Holdings by Value: The portfolio is heavily weighted toward large-cap equities and exchange-traded funds (ETFs). Notable positions include Apple Inc. (approx. $63M), Alphabet Inc. (approx. $49M combined), Microsoft Corp. (approx. $35M), and Amazon.com Inc. (approx. $5.5M).
- ETF Exposure: Significant allocations are made to broad market and sector ETFs, including ISHARES TR 20 YR TR BD ETF (approx. $270M), SCHWAB STRATEGIC TR FUNDAMENTAL US L (approx. $5.8B), and VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD (approx. $371M).
- Self-Holding: Northwest Bancshares holds 260,452 shares of its own common stock (Northwest Bancshares Inc MD COM), valued at approximately $260,452 (based on the listed value column, though the share count suggests a higher market value if the value column represents a different metric; the text lists value as 260,452 and shares as 260,452, implying a $1.00 per share value in this specific column context or a data formatting anomaly in the source text. Correction based on standard 13F interpretation: The "Value" column typically represents total market value. The text lists "3,130,633" shares with a value of "260,452". This implies a share price of roughly $0.08, which is inconsistent with typical market prices. Alternatively, the "Value" column might be misaligned in the raw text provided. However, strictly adhering to the text: Shares: 3,130,633, Value: $260,452).
- Voting Authority: The company reports "Sole" voting authority for the majority of its holdings, with some "Shared" or "None" authority noted for specific positions.
Material Changes and Observations
As this is a standalone snapshot of holdings for Q1 2025 without the prior quarter's data included in the text, direct quantitative comparisons (e.g., percentage change in holdings) cannot be calculated. However, the portfolio demonstrates a diversified strategy across:
- Sectors: Technology (Apple, Microsoft, NVIDIA), Healthcare (Abbott, Merck, UnitedHealth), Financials (JPMorgan, Bank of America), and Consumer Staples (Coca-Cola, Walmart).
- Asset Classes: A mix of individual equities and fixed-income/ETF instruments (e.g., iShares Bond ETFs, Vanguard Short-Term Bond ETFs).
Guidance, Risks, and Contingencies
Management Commentary: This filing type (Form 13F) does not contain management commentary, forward-looking guidance, or strategic outlooks. It is a regulatory disclosure of holdings only.
Risks and Contingencies: The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness. No specific risk factors or contingencies regarding the company's operations are disclosed in this document.
Investor Verification Checklist
- Self-Holding Valuation: Verify the share price and total value of the Northwest Bancshares self-holding (3,130,633 shares listed with a value of $260,452), as the implied price per share appears anomalous compared to typical market data.
- Portfolio Concentration: Assess the concentration risk in the top 10 holdings, particularly the large positions in Schwab Strategic Trust and iShares Bond ETFs.
- Voting Rights: Review the "Shared" voting authority entries (e.g., Alphabet, Cisco, JPMorgan) to understand any co-investment or custodial arrangements.
- Comparison to Prior Period: Obtain the Q4 2024 Form 13F to calculate actual changes in position sizes and identify new entries or exits.