Summary Included Manager 或 Cover Other Reporting Manager 的范围跨季改变；本季新增、增持、减持与退出均不分类。Summary Included Manager or Cover Other Reporting Manager scope changed across quarters; new, added, reduced and exit labels are all suppressed.
综合金融平台Diversified financial platform · platform
Northern Trust
北方信托
公开持仓Public holdings
13F-RS 研究可用度13F-RS research usability
51.1
覆盖coverage 63% · 置信confidence C
结论先行Answer first
可见持仓仍可阅读，但申报范围变化，本季不分类买卖Visible holdings remain readable, but filing scope changed and trades are not classified
最大可见非期权证券持仓为NVIDIA CORPORATION（5.8%）。Summary Included Manager 为12→12，Cover 外部报告管理人为44→43；换手、延续和方向性变化均暂停解释。
The largest visible non-option security is NVIDIA CORPORATION (5.8%). Summary Included Managers changed from 12 to 12, while Cover Page external reporting managers changed from 44 to 43; turnover, persistence and directional changes are not interpreted.
下一步Next diligence
先核对纳入管理人和申报图变化，恢复同口径持仓切片后再讨论增减持。
First reconcile included managers and the filer graph, then restore a like-for-like holdings slice before discussing buys or sells.
CUSIP bridge · terminal event
公司行动换算与事件退出Corporate-action adjustments and event exits
下列旧证券没有被机械写成“清仓”。股票事件按权威比例恢复可比基线；现金/CVR并购没有 13F 继承证券，直接从卖出分类剔除。
These obsolete securities are not mechanically labeled as exits. Stock events use primary-source ratios to restore comparable baselines; cash/CVR mergers have no 13F successor and are excluded from sale classification.
| 生效日Effective | 上季证券Prior security | 可比证券 / 事件处置Comparable security / event treatment | 证据Evidence |
|---|---|---|---|
| 2026-04-07 | HOLOGIC INCCUSIP 436440101 · 2,676,190 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceBlackstone 与 TPG 完成收购；每股 76 美元现金加一份最高 3 美元的 CVR，证券注销，不推断为管理人主动卖出Blackstone and TPG completed the acquisition for $76 cash plus one CVR worth up to $3 per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-04-08 | AIR LEASE CORPCUSIP 00912X302 · 722,432 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceSumisho Air Lease 完成私有化；每股 65 美元现金，A 类普通股注销，不推断为管理人主动卖出Sumisho Air Lease completed the take-private for $65 cash per share; the Class A common stock was cancelled, so no manager-initiated sale is inferred |
| 2026-04-09 | SEALED AIR CORP NEWCUSIP 81211K100 · 1,360,953 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceCD&R 完成收购；每股 42.15 美元现金，证券注销，不推断为管理人主动卖出CD&R completed the acquisition for $42.15 cash per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-04-27 | AMICUS THERAPEUTICSCUSIP 03152W109 · 2,720,444 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceBioMarin 完成收购；每股 14.50 美元现金，证券注销，不推断为管理人主动卖出BioMarin completed the acquisition for $14.50 cash per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-04-28 | ARCELLX INCCUSIP 03940C100 · 350,065 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceGilead 完成收购；每股 115 美元现金加一份 5 美元 CVR，证券注销，不推断为管理人主动卖出Gilead completed the acquisition for $115 cash plus one $5 CVR per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-05-05 | TERNS PHARMACEUTICALS INCCUSIP 880881107 · 805,236 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceMerck 完成要约收购及合并；每股 53 美元现金，证券注销，不推断为管理人主动卖出Merck completed the tender offer and merger for $53 cash per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-05-07 | COTERRA ENERGY INCCUSIP 127097103 · 7,562,759 股shares | DEVON ENERGY CORP NEWCUSIP 25179M103换股所得 5,293,931 股 + 原有继承证券 6,002,224 股 = 可比基准 11,296,155 股；本季申报 11,126,837 股Converted 5,293,931 shares + 6,002,224 pre-existing successor shares = 11,296,155 comparable baseline shares; current filing 11,126,837 shares | 核验来源Verification sourceCoterra 与 Devon 完成全股票合并；每股 Coterra 换 0.70 股 Devon，先并入原有 Devon 基线再比较Coterra and Devon completed an all-stock merger; each Coterra share converted into 0.70 Devon shares, which are added to any existing Devon baseline before comparison |
| 2026-05-14 | TRI POINTE HOMES INCCUSIP 87265H109 · 1,027,229 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceSumitomo Forestry 完成收购；每股 47 美元现金，证券注销，不推断为管理人主动卖出Sumitomo Forestry completed the acquisition for $47 cash per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-05-14 | APELLIS PHARMACEUTICALS INCCUSIP 03753U106 · 738,440 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceBiogen 完成收购；每股 41 美元现金加一份最高 4 美元的 CVR，证券注销，不推断为管理人主动卖出Biogen completed the acquisition for $41 cash plus one CVR worth up to $4 per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-05-18 | SOLENO THERAPEUTICS INCCUSIP 834203309 · 393,523 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceNeurocrine 完成收购；每股 53 美元现金，证券注销，不推断为管理人主动卖出Neurocrine completed the acquisition for $53 cash per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-06-10 | MASIMO CORPCUSIP 574795100 · 390,437 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceDanaher 完成收购；每股 180 美元现金，证券注销，不推断为管理人主动卖出Danaher completed the acquisition for $180 cash per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-06-25 | CLEARWATER ANALYTICS HLDGS ICUSIP 185123106 · 2,507,427 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourcePermira 与 Warburg Pincus 牵头的投资者集团完成私有化；每股 24.55 美元现金，证券注销，不推断为管理人主动卖出A Permira- and Warburg Pincus-led investor group completed the take-private for $24.55 cash per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-04-20 | ASCENDIS PHARMA A/SCUSIP 04351P101 · 44,971 股shares | ASCENDIS PHARMA A/SCUSIP K08588103权威比例基准 44,971 股；本季申报 103,933 股Primary-ratio baseline 44,971 shares; current filing 103,933 shares | 核验来源Verification sourceADS 按 1:1 强制转换为普通股并更换 CUSIPMandatory 1:1 ADS-to-ordinary-share exchange and CUSIP change |
| 2026-05-04 | THOMSON REUTERS CORPCUSIP 884903808 · 185,696 股shares | THOMSON REUTERS CORPCUSIP 884903881权威比例基准 182,829 股；本季申报 141,986 股Primary-ratio baseline 182,829 shares; current filing 141,986 shares | 核验来源Verification source资本返还后按 0.984560:1 合股并更换 CUSIP0.984560-for-1 share consolidation after a return of capital, with a CUSIP change |
| 2026-05-07 | CARNIVAL CORPCUSIP 143658300 · 12,828,106 股shares | CARNIVAL CORP LTDCUSIP G2004J103权威比例基准 12,828,106 股；本季申报 11,814,430 股Primary-ratio baseline 12,828,106 shares; current filing 11,814,430 shares | 核验来源Verification source公司结构简化及迁册，旧股按 1:1 对应新 CUSIPCorporate simplification and redomiciliation, with old shares mapped 1:1 to the new CUSIP |
| 2026-06-24 | DUPONT DE NEMOURS INCCUSIP 26614N102 · 5,216,647 股shares | DUPONT DE NEMOURS INCCUSIP 26614N201权威比例基准 1,738,882 股；本季申报 1,602,144 股Primary-ratio baseline 1,738,882 shares; current filing 1,602,144 shares | 核验来源Verification source1:3 反向拆股并更换 CUSIP1-for-3 reverse stock split and CUSIP change |
| 2026-06-29 | HONEYWELL INTL INCCUSIP 438516106 · 5,624,515 股shares | HONEYWELL AEROSPACE INCCUSIP 43849R105权威比例基准 2,812,258 股；本季申报 2,652,215 股Primary-ratio baseline 2,812,258 shares; current filing 2,652,215 shares HONEYWELL INTL INCCUSIP 438516205权威比例基准 2,812,258 股；本季申报 2,536,834 股Primary-ratio baseline 2,812,258 shares; current filing 2,536,834 shares | 核验来源Verification source航天业务分拆，同时原公司 1:2 反向拆股并更换 CUSIPAerospace spin-off plus a 1-for-2 reverse split and CUSIP change for the remaining company |
| 2026-06-30 | MARQETA INCCUSIP 57142B104 · 3,241,667 股shares | MARQETA INCCUSIP 57142B203权威比例换算为 810,417 股；本季却申报 3,318,638 股，因口径冲突不计算变化Primary ratio implies 810,417 shares, while the current filing reports 3,318,638; no change is calculated because the conventions conflict季末报量口径冲突，本季只桥接身份、不分类买卖Quarter-end quantity convention conflict; identity bridged without trade classification | 核验来源Verification source1:4 反向拆股在季末收盘生效；部分13F用新CUSIP但仍报拆股前数量，本季只桥接身份、不推断交易A 1-for-4 reverse split took effect at the quarter-end close; some 13Fs use the new CUSIP with pre-split quantities, so this quarter bridges identity without inferring trading |
CIK · accession · accepted date
本季申报链Current filing chain
先展示 13F-NT 关系通知，再展示解析到的 13F-HR / HR-A。价值单位说明保留检测结果和归一化倍数。
Relationship notices appear before resolved 13F-HR / HR-A filings. Unit notes preserve the detection result and normalization multiplier.
| 法律申报人Legal filer | CIK | Form | Accession | 申报日Filed | 解析 / 单位说明Resolution / unit note |
|---|---|---|---|---|---|
| NORTHERN TRUST CORP | CIK 0000073124 | 13F-HR | 0000073124-26-000053 | 2026-08-13 | usd_consistent_with_implied_prices |
2026-03-31 → 2026-06-30
持仓与季度变化Holdings and quarterly change
前十大可见非期权证券Top visible non-option holdings 10
| 证券Security | Put / Call | 申报价值Filed value | 权重Weight | 股数 / 标的股数Shares / underlying shares | 股数变化Share change |
|---|---|---|---|---|---|
| NVIDIA CORPORATIONCOM · CUSIP 67066G104 | — | $50.23bn | 5.84% | 251,042,789 | — |
| APPLE INCCOM · CUSIP 037833100 | — | $45.66bn | 5.31% | 157,785,381 | — |
| MICROSOFT CORPCOM · CUSIP 594918104 | — | $29.34bn | 3.41% | 78,663,446 | — |
| ALPHABET INCCAP STK CL A · CUSIP 02079K305 | — | $23.42bn | 2.72% | 65,524,743 | — |
| AMAZON COM INCCOM · CUSIP 023135106 | — | $22.54bn | 2.62% | 94,581,659 | — |
| ALPHABET INCCAP STK CL C · CUSIP 02079K107 | — | $18.48bn | 2.15% | 52,301,235 | — |
| BROADCOM INCCOM · CUSIP 11135F101 | — | $18.20bn | 2.12% | 48,192,379 | — |
| MICRON TECHNOLOGY INCCOM · CUSIP 595112103 | — | $12.48bn | 1.45% | 10,808,359 | — |
| META PLATFORMS INCCL A · CUSIP 30303M102 | — | $12.34bn | 1.44% | 21,901,618 | — |
| TESLA INCCOM · CUSIP 88160R101 | — | $10.86bn | 1.26% | 25,815,785 | — |
范围变化下的未分类差异Unclassified differences under a scope change 10
本季可见行展示本季值，仅上季可见行展示上季值；这些差异不归因于管理人交易。Rows visible this quarter show current values; prior-only rows show prior values. These differences are not attributed to manager trading.
| 证券Security | Put / Call | 申报价值Filed value | 权重Weight | 股数 / 标的股数Shares / underlying shares | 股数变化Share change |
|---|---|---|---|---|---|
| NVIDIA CORPORATIONCOM · CUSIP 67066G104本季可见；跨季差异不归因于交易Visible this quarter; cross-quarter difference not attributed to trading | — | $50.23bn | 5.84% | 251,042,789 | — |
| APPLE INCCOM · CUSIP 037833100本季可见；跨季差异不归因于交易Visible this quarter; cross-quarter difference not attributed to trading | — | $45.66bn | 5.31% | 157,785,381 | — |
| MICROSOFT CORPCOM · CUSIP 594918104本季可见；跨季差异不归因于交易Visible this quarter; cross-quarter difference not attributed to trading | — | $29.34bn | 3.41% | 78,663,446 | — |
| ALPHABET INCCAP STK CL A · CUSIP 02079K305本季可见；跨季差异不归因于交易Visible this quarter; cross-quarter difference not attributed to trading | — | $23.42bn | 2.72% | 65,524,743 | — |
| AMAZON COM INCCOM · CUSIP 023135106本季可见；跨季差异不归因于交易Visible this quarter; cross-quarter difference not attributed to trading | — | $22.54bn | 2.62% | 94,581,659 | — |
| ALPHABET INCCAP STK CL C · CUSIP 02079K107本季可见；跨季差异不归因于交易Visible this quarter; cross-quarter difference not attributed to trading | — | $18.48bn | 2.15% | 52,301,235 | — |
| BROADCOM INCCOM · CUSIP 11135F101本季可见；跨季差异不归因于交易Visible this quarter; cross-quarter difference not attributed to trading | — | $18.20bn | 2.12% | 48,192,379 | — |
| META PLATFORMS INCCL A · CUSIP 30303M102本季可见；跨季差异不归因于交易Visible this quarter; cross-quarter difference not attributed to trading | — | $12.34bn | 1.44% | 21,901,618 | — |
| MICRON TECHNOLOGY INCCOM · CUSIP 595112103本季可见；跨季差异不归因于交易Visible this quarter; cross-quarter difference not attributed to trading | — | $12.48bn | 1.45% | 10,808,359 | — |
| TESLA INCCOM · CUSIP 88160R101本季可见；跨季差异不归因于交易Visible this quarter; cross-quarter difference not attributed to trading | — | $10.86bn | 1.26% | 25,815,785 | — |
期权切片Options slice 0
Put/Call 股数是标的股数；13F 没有执行价、到期日、权利金或净方向。Put/call shares are underlying shares; 13F omits strike, expiry, premium and net direction.
| 证券Security | Put / Call | 申报价值Filed value | 权重Weight | 股数 / 标的股数Shares / underlying shares | 股数变化Share change |
|---|---|---|---|---|---|
| 无可展示记录No records to display | |||||
13F-RS-v1.0
评分拆解Score breakdown
| 维度Dimension | 得分Score | 相对满分Relative to max | 比例Ratio |
|---|---|---|---|
| 申报完整性Filing integrity | 15.0 / 15 | 100% | |
| 实体映射Entity mapping | 10.0 / 10 | 100% | |
| 策略适配度Strategy fit | 4.5 / 15 | 30% | |
| 集中度信息密度Concentration signal | 4.8 / 10 | 48% | |
| 高确信度可识别性Conviction identifiability | 2.6 / 15 | 17% | |
| 延续性 / 换手Persistence / turnover | 0.0 / 10 | 0% | |
| 申报时滞Filing lag | 0.3 / 10 | 3% | |
| 不可见风险Opacity risk | 8.9 / 10 | 89% | |
| 独立共识Independent consensus | 5.0 / 5 | 100% |
策略分类：综合金融平台。分数衡量公开13F的研究可用度，不评价未来收益。Strategy classification: Diversified financial platform. The score measures public-13F research usability, not future returns.
H（高确信度可识别性）当前以单仓≥2%为有限代理，尚未接入风格基准主动权重，因此该分项覆盖度只有50%。H (conviction identifiability) currently uses positions ≥2% as a limited proxy; style-benchmark active weights are not yet available, so this component has only 50% coverage.