SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Northwest Bancshares, Inc.
Filing Type: Form 13F Information Table (Quarterly Report of Holdings)
Reporting Period: The filing lists a period date of March 31, 2026. Note: This date appears to be a future date relative to current real-time; the data reflects holdings as of the stated period.
Business Context: This filing discloses the equity securities held by Northwest Bancshares, Inc. (or its investment management arm) as required by the Securities Exchange Act of 1934. It details the issuer, class of security, CUSIP, value, and voting authority for each holding.
Key Financial Metrics and Portfolio Composition
The filing provides a granular list of holdings rather than aggregate financial statements (e.g., revenue, profit, cash flow). Key portfolio metrics derived from the data include:
- Total Portfolio Value: The filing lists individual security values but does not provide a single aggregate total for the entire portfolio in the text provided. Values range from approximately $15,000 (e.g., West Pharmaceutical Services) to over $110 million (e.g., Schwab Strategic Trust Fundamental US Large Cap).
- Top Holdings by Value (Selected):
- Schwab Strategic Trust Fundamental US Large Cap: ~$110.6 million
- Vanguard Scottsdale Fds Short Term Corp Bd: ~$15.7 million
- Vanguard Scottsdale Fds Int-Term Corp: ~$15.0 million
- Apple Inc.: ~$13.5 million
- Microsoft Corp.: ~$10.8 million
- Lam Research Corp.: ~$10.2 million
- Asset Classes: The portfolio is heavily weighted toward large-cap U.S. equities (e.g., Apple, Microsoft, Amazon, Alphabet) and Exchange-Traded Funds (ETFs) from providers like iShares, Vanguard, and Schwab. There is a significant allocation to fixed-income ETFs (e.g., iShares IBonds, Vanguard Short-Term Corp Bd).
- Voting Authority: Northwest Bancshares holds "Sole" voting authority for the vast majority of positions. "Shared" authority is noted for select positions (e.g., Alphabet Inc. Class A, Cisco Systems, JPMorgan Chase).
Material Changes and Portfolio Activity
Comparison to Prior Period: The provided text contains only the snapshot of holdings for the current reporting period. It does not include the prior quarter's data, making a direct calculation of material changes (buy/sell activity) impossible from this text alone.
Notable Observations:
- Self-Holding: The firm holds 238,340 shares of its own stock (Northwest Bancshares Inc.), valued at approximately $3.0 million, with 195,500 shares under sole voting authority.
- Concentration: Significant positions exist in technology (NVIDIA, Adobe, Advanced Micro Devices) and financial services (Bank of New York Mellon, Citigroup, Morgan Stanley).
- Derivatives: The filing indicates the use of options (Put/Call) for certain positions, such as Alphabet Inc. and Apple Inc., though specific contract details are limited to the "Put/Call" column indicators.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are strictly data-driven and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies:
- Market Risk: The portfolio is exposed to broad market fluctuations given the heavy weighting in large-cap equities and equity ETFs.
- Liquidity Risk: While most holdings are highly liquid public equities, the specific mix of ETFs and individual stocks dictates the overall liquidity profile.
- Regulatory Note: The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Verify Reporting Date: Confirm the accuracy of the "2026 Mar 31" date, as it appears to be a future date relative to the current calendar year.
- Aggregate Portfolio Value: Calculate the total portfolio value by summing the "Value" column, as the filing does not provide a total.
- Turnover Analysis: Compare this list against the previous quarter's Form 13F to determine actual buying and selling activity.
- Option Positions: Investigate the specific terms of the Put/Call positions noted for stocks like Alphabet and Apple to understand hedging strategies.
- Self-Holding Impact: Assess the significance of the ~$3 million holding in Northwest Bancshares' own stock relative to the total portfolio size.