Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Northwest Bancshares, Inc. to the U.S. Securities and Exchange Commission. The report details the company's holdings of equity securities as of the reporting period ending September 30, 2024. As a Form 13F, this document discloses the investment portfolio of an institutional investment manager rather than the operating financial results of Northwest Bancshares itself.
Key Financial Metrics and Portfolio Composition
The filing lists specific holdings by issuer, class, CUSIP, value, and share count. It does not provide Northwest Bancshares' consolidated revenue, profit, cash flow, or debt metrics. Key portfolio observations include:
- Top Holdings by Value: The portfolio is heavily weighted toward large-cap equities and exchange-traded funds (ETFs). Notable positions include Apple Inc. ($16,039,021), Microsoft Corp. ($16,471,454), Alphabet Inc. (Class A and C combined ~$9M), and Walmart Inc. ($9,005,725).
- ETF Exposure: Significant allocations to index funds, including Schwab Strategic Trust ($148,635,125), Vanguard Short-Term Corporate Bond ($33,594,342), and various iShares and SPDR funds tracking the S&P 500, Russell 2000, and international markets.
- Self-Holding: Northwest Bancshares holds 294,285 shares of its own common stock (Northwest Bancshares Inc MD COM) valued at $3,937,533.
- Voting Authority: The filing distinguishes between "Sole," "Shared," and "None" voting authority. For most positions, Northwest Bancshares exercises "Sole" discretion, though some positions (e.g., Allstate, Alphabet, Apple) show "Shared" authority.
Material Changes Versus Prior Period
Not Applicable. This filing text provides a snapshot of holdings as of September 30, 2024. It does not contain comparative data, percentage changes, or transaction activity (purchases/sales) relative to the prior quarter. Therefore, material changes in the portfolio cannot be determined from this document alone.
Guidance, Outlook, and Risks
Not Applicable. Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, risk factors, or contingency plans regarding the company's future operations or financial outlook.
Important Facts for Investor Verification
- Document Type: Verify that this is a portfolio disclosure (Form 13F) and not an earnings report (Form 10-Q or 10-K). It does not reflect Northwest Bancshares' own profitability or liquidity.
- Self-Holding: Confirm the company holds approximately $3.9 million of its own stock, which may indicate treasury stock management or employee benefit plan holdings.
- Concentration Risk: Note the significant concentration in technology and consumer discretionary sectors (Apple, Microsoft, Amazon, Alphabet) and broad market ETFs.
- Valuation Basis: The values listed are "to the nearest dollar" as of the reporting date and represent the fair value of the securities held, not the book value of the bank's assets.