Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Northwest Bancshares, Inc. for the reporting period ending June 30, 2025. The document discloses the company's holdings in equity securities, including common stocks and exchange-traded funds (ETFs), as required by the Securities and Exchange Commission. It details the number of shares held, the value of those holdings, and the voting authority (Sole, Shared, or None) associated with each position.
Key Financial Metrics and Portfolio Composition
The filing provides a snapshot of the investment portfolio's composition rather than the company's operational financials (revenue, profit, cash flow). Key portfolio metrics include:
- Portfolio Scope: The portfolio consists of a diversified mix of individual equities and ETFs across various sectors including Technology, Financials, Healthcare, Energy, and Consumer Staples.
- Top Individual Equity Holdings (by Value):
- Apple Inc.: 60,412 shares valued at approximately $12.4 million.
- Microsoft Corp.: 33,481 shares valued at approximately $16.7 million.
- Alphabet Inc. (Class A): 32,406 shares valued at approximately $5.7 million.
- Amazon.com Inc.: 5,620 shares valued at approximately $1.2 million.
- Northwest Bancshares Inc.: 236,974 shares valued at approximately $3.0 million (Self-holding).
- Significant ETF Holdings:
- Schwab Strategic Trust (Fundamental US Large Cap): 5,837,188 shares valued at approximately $143.2 million.
- iShares 20 Year Treasury Bond ETF: 275,692 shares valued at approximately $24.3 million.
- iShares Core S&P 500 ETF: 23,890 shares valued at approximately $14.8 million.
- Voting Authority: The majority of positions are held with Sole voting authority. Some positions, such as those in Apple, Microsoft, and Cisco, include a portion of shares with Shared voting authority.
Material Changes Versus Prior Period
The filing text does not provide a clear value for material changes compared to the prior comparable period. Form 13F filings typically list current holdings but do not explicitly state the net change in shares or value from the previous quarter within the text body of the table itself. Analysis of changes would require comparing this dataset against the previous quarter's filing.
Guidance, Outlook, and Risks
The filing text does not provide a clear value regarding management commentary, future guidance, outlook, or specific risk factors. Form 13F is a regulatory disclosure of holdings and does not contain narrative sections for strategic outlook or risk assessment. The standard disclaimer notes that the SEC has not reviewed the information for accuracy or completeness.
Important Facts for Investor Verification
- Self-Holding: Northwest Bancshares, Inc. holds a significant position in its own stock (236,974 shares), with 194,134 shares under sole voting authority and 42,840 shares under shared voting authority.
- Concentration in Passive Funds: A substantial portion of the reported value is concentrated in large-cap index funds, specifically the Schwab Fundamental US Large Cap ETF ($143.2M) and iShares 20 Year Treasury Bond ETF ($24.3M).
- Technology Sector Exposure: The portfolio has significant exposure to major technology firms, including Apple, Microsoft, Alphabet, Amazon, and NVIDIA.
- Reporting Date: Ensure the data reflects the portfolio status as of June 30, 2025, and verify if subsequent trading activity has altered these positions.
- Shared Authority: Verify the implications of the "Shared" voting authority noted in several large positions (e.g., Apple, Microsoft, Cisco), which may indicate co-investment or specific fund structures.