North Reef Capital Increases Stake in Northern Trust

Asset management firm boosts ownership in financial services company

Mar. 17, 2026 at 1:20pm

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North Reef Capital Management LP increased its stake in Northern Trust Corporation (NASDAQ:NTRS) by 2.7% in the third quarter, according to a recent SEC filing. North Reef Capital now owns 190,000 shares of the asset manager's stock, worth $25.57 million, making it the 18th largest position in the firm's portfolio.

Why it matters

This transaction highlights the continued institutional investor interest in Northern Trust, a major global financial services firm providing asset servicing, asset management and wealth management solutions. The increase in North Reef Capital's stake suggests they see value in Northern Trust's diversified business model and growth prospects.

The details

According to the filing, North Reef Capital purchased an additional 5,000 shares of Northern Trust during the third quarter, bringing its total stake to 190,000 shares. This represents 1.2% of North Reef Capital's total portfolio. Northern Trust's stock price has risen over the past year as the company has reported strong financial results, including a 8.4% year-over-year increase in revenue in the most recent quarter.

  • North Reef Capital increased its stake in the third quarter of 2026.

The players

North Reef Capital Management LP

An investment management firm that owns a $25.57 million stake in Northern Trust Corporation.

Northern Trust Corporation

A global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions.

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The takeaway

North Reef Capital's increased stake in Northern Trust reflects ongoing institutional investor confidence in the financial services company's diversified business model and growth potential. This transaction underscores Northern Trust's position as a leading provider of asset management, wealth management and other financial services to corporations, institutions and high-net-worth individuals.