Northern Large Cap Core
NOLCX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Chicago, IL 60607 Chicago IL United States of America 60603
- IPO Date
- Dec 19, 2005
- CIK
- 0000916620
- Website
- northernfunds.com
- Similar Companies
- Business
- Northern Large Cap Core Fund (NOLCX) is an open-end mutual fund that seeks long-term growth of capital and dividend income through a broadly diversified portfolio of equity securities issued by large capitalization U.S. companies, including select foreign issuers traded in the U.S., with at least 80% of net assets invested in such securities; it employs a proprietary multi-factor quantitative stock selection model to generate excess returns relative to the S&P 500 Index benchmark by over- and underweighting stocks based on relative attractiveness across valuation, price momentum, and earnings quality criteria. The fund, classified in the large blend category, maintains a portfolio heavily weighted toward technology leaders such as NVIDIA Corp (8.32%), Microsoft Corp (7.31%), and Apple Inc (6.93%), alongside communication services and consumer cyclical names like Alphabet Inc Class A and Amazon.com Inc; top holdings typically represent around 28-50% of the portfolio, with 99.69% in U.S. stocks, a net expense ratio of 0.45%, and total net assets of approximately $320-350 million. Managed actively by a team at Northern Trust Asset Management including Mark Sodergren, CFA (since 2011), Sridhar Kancharla (since 2024), and Reed LeMar, CFA (since 2024), the fund is distributed by Northern Funds Distributors, LLC and targets investors seeking a low-cost active approach to large-cap domestic equities. Launched on December 16, 2005, and domiciled in the United States, the fund operates under Northern Trust Investments Inc., part of Northern Trust Corporation, a financial services firm founded in 1889 and headquartered at 50 South LaSalle Street, Chicago, Illinois, with global operations across North America, Europe, the Middle East, and Asia-Pacific. Available for sale in the U.S. with a minimum initial investment of $2,500 ($500 for IRAs) and subsequent investments of $50, it features daily pricing, no front- or deferred loads, and a turnover ratio of around 35%. In recent developments, portfolio manager Sridhar Kancharla and Reed LeMar joined the team in July 2024, enhancing the management structure alongside veteran Mark Sodergren. Northern Trust, the parent organization, entered a strategic collaboration with Hamilton Lane in October 2024 to integrate proprietary private markets software Cobalt LP and analytics into its asset servicing solutions, benefiting institutional clients including those invested in funds like NOLCX. Additionally, Northern Trust reported over 100 new asset servicing mandates worth more than $385 billion as of November 2025, alongside expansions in front-office solutions managing over $1 trillion in alternative assets and new outsourced chief investment officer (OCIO) services, reflecting accelerated business momentum in institutional asset management.