# EDGAR Filing Document

**Accession Number:** 0000844150
**File Stem:** 0000844150-23-000004
**Filing Date:** 2023-1
**Character Count:** 12270
**Document Hash:** 728c83a1e3b5112c6d5d6baa08d79a5b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000844150-23-000004.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0000844150-23-000004

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**EFFECTIVENESS DATE**: 20230127

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NatWest Group plc
- **CENTRAL INDEX KEY:** 0000844150
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05855
- **FILM NUMBER:** 23560758

**BUSINESS ADDRESS:**
- **STREET 1:** GOGARBURN
- **STREET 2:** PO BOX 1000
- **CITY:** EDINBURGH, SCOTLAND
- **STATE:** X0
- **ZIP:** EH12 1HQ
- **BUSINESS PHONE:** 441315568555

**MAIL ADDRESS:**
- **STREET 1:** GOGARBURN
- **STREET 2:** PO BOX 1000
- **CITY:** EDINBURGH, SCOTLAND
- **STATE:** X0
- **ZIP:** EH12 1HQ

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROYAL BANK OF SCOTLAND GROUP PLC
- **DATE OF NAME CHANGE:** 19950712

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** NatWest Group plc<br>**Address:** GOGARBURN<br>PO BOX 1000<br>EDINBURGH SCOTLAND, X0 EH12 1HQ

**Form 13F File Number:** 028-05855

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Jan Cargill<br>**Title:** Chief Governance Officer and Company Secretary<br>**Phone:** 00447769248894

**Signature, Place, and Date of Signing:**

Jan Cargill EdinburghUK 01-27-2023  Edinburgh, X0  01-27-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 89

**Form 13F Information Table Value Total:** $175958538

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name            | Form 13F File Number   |
|:---|:---|:---|
|  | Coutts  Company | 028-04889              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABS | COM | 002824100 |  | 663461 | 6043 | SH |  | DFND |  | 6043 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 1916494 | 17456 | SH |  | DFND | 4 | 17456 | 0 | 0 |
| ACTIVISION BLIZZARD INC | COM | 00507V109 |  | 1135313 | 14831 | SH |  | DFND |  | 14831 | 0 | 0 |
| ACTIVISION BLIZZARD INC | COM | 00507V109 |  | 3722550 | 48629 | SH |  | DFND | 4 | 48629 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 322440 | 1046 | SH |  | DFND | 4 | 1046 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 709457 | 8041 | SH |  | DFND |  | 8041 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 2463911 | 27926 | SH |  | DFND | 4 | 27926 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 399285 | 4500 | SH |  | DFND |  | 4500 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 230698 | 2600 | SH |  | DFND | 4 | 2600 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 587159 | 3974 | SH |  | DFND |  | 3974 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 2789816 | 18882 | SH |  | DFND | 4 | 18882 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 1347343 | 5130 | SH |  | DFND |  | 5130 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 2789499 | 10621 | SH |  | DFND | 4 | 10621 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 3080380 | 23708 | SH |  | DFND |  | 23708 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 10732088 | 82599 | SH |  | DFND | 4 | 82599 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 1663304 | 22920 | SH |  | DFND |  | 22920 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 4308118 | 59365 | SH |  | DFND | 4 | 59365 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 255460 | 827 | SH |  | DFND | 4 | 827 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 1316192 | 2354 | SH |  | DFND |  | 2354 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 4219195 | 7546 | SH |  | DFND | 4 | 7546 | 0 | 0 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 225507 | 4061 | SH |  | DFND |  | 4061 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 |  | 1666001 | 19554 | SH |  | DFND |  | 19554 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 |  | 3558037 | 41761 | SH |  | DFND | 4 | 41761 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 452230 | 2050 | SH |  | DFND | 4 | 2050 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 667494 | 1478 | SH |  | DFND |  | 1478 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 4211357 | 9325 | SH |  | DFND | 4 | 9325 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 639043 | 13414 | SH |  | DFND |  | 13414 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 1180567 | 24781 | SH |  | DFND | 4 | 24781 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 10089748 | 60001 | SH |  | DFND |  | 60001 | 0 | 0 |
| CNH INDL N V | SHS | N20944109 |  | 214642 | 13365 | SH |  | DFND |  | 13365 | 0 | 0 |
| CNH INDL N V | SHS | N20944109 |  | 804349 | 50084 | SH |  | DFND | 4 | 50084 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 624332 | 9815 | SH |  | DFND |  | 9815 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 1490573 | 23433 | SH |  | DFND | 4 | 23433 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 266401 | 7618 | SH |  | DFND | 4 | 7618 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 268332 | 2274 | SH |  | DFND | 4 | 2274 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1388673 | 3042 | SH |  | DFND |  | 3042 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 3812232 | 8351 | SH |  | DFND | 4 | 8351 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 230660 | 952 | SH |  | DFND | 4 | 952 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 559099 | 13482 | SH |  | DFND |  | 13482 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 1484585 | 35799 | SH |  | DFND | 4 | 35799 | 0 | 0 |
| F5 INC | COM | 315616102 |  | 251143 | 1750 | SH |  | DFND | 4 | 1750 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 1723956 | 20560 | SH |  | DFND |  | 20560 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 4033940 | 48109 | SH |  | DFND | 4 | 48109 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 67564 | 787 | SH |  | DFND |  | 787 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 314211 | 3660 | SH |  | DFND | 4 | 3660 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 547243 | 1406 | SH |  | DFND |  | 1406 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 1761610 | 4526 | SH |  | DFND | 4 | 4526 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 5375482 | 13991 | SH |  | DFND | 4 | 13991 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 229952 | 3593 | SH |  | DFND | 4 | 3593 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 766113 | 5713 | SH |  | DFND |  | 5713 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 3174415 | 23672 | SH |  | DFND | 4 | 23672 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 2090254 | 5544 | SH |  | DFND |  | 5544 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 5647532 | 14979 | SH |  | DFND | 4 | 14979 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 757147 | 16984 | SH |  | DFND | 4 | 16984 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 2008462 | 5490 | SH |  | DFND |  | 5490 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 3909000 | 10685 | SH |  | DFND | 4 | 10685 | 0 | 0 |
| LINDE PLC | SHS | G5494J103 |  | 655296 | 2009 | SH |  | DFND |  | 2009 | 0 | 0 |
| LINDE PLC | SHS | G5494J103 |  | 1967844 | 6033 | SH |  | DFND | 4 | 6033 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 1945642 | 7383 | SH |  | DFND |  | 7383 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 5100096 | 19353 | SH |  | DFND | 4 | 19353 | 0 | 0 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 462544 | 320 | SH |  | DFND | 4 | 320 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 2258145 | 9416 | SH |  | DFND |  | 9416 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 10768877 | 44904 | SH |  | DFND | 4 | 44904 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 666021 | 5692 | SH |  | DFND |  | 5692 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 2563689 | 21910 | SH |  | DFND | 4 | 21910 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 569215 | 3895 | SH |  | DFND |  | 3895 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2031492 | 13901 | SH |  | DFND | 4 | 13901 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 1152945 | 1366 | SH |  | DFND |  | 1366 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 4138279 | 4903 | SH |  | DFND | 4 | 4903 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 1555245 | 10914 | SH |  | DFND |  | 10914 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 3965063 | 27825 | SH |  | DFND | 4 | 27825 | 0 | 0 |
| SVB FINANCIAL GROUP | COM | 78486Q101 |  | 359249 | 1561 | SH |  | DFND |  | 1561 | 0 | 0 |
| SVB FINANCIAL GROUP | COM | 78486Q101 |  | 1098228 | 4772 | SH |  | DFND | 4 | 4772 | 0 | 0 |
| UBS GROUP AG | SHS | H42097107 |  | 206957 | 11085 | SH |  | DFND |  | 11085 | 0 | 0 |
| UBS GROUP AG | SHS | H42097107 |  | 842726 | 45138 | SH |  | DFND | 4 | 45138 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 548114 | 2647 | SH |  | DFND |  | 2647 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 1404970 | 6785 | SH |  | DFND | 4 | 6785 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 2162604 | 4079 | SH |  | DFND |  | 4079 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 5626800 | 10613 | SH |  | DFND | 4 | 10613 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 109267 | 311 | SH |  | DFND |  | 311 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 414933 | 1181 | SH |  | DFND | 4 | 1181 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 1929050 | 6680 | SH |  | DFND |  | 6680 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 3651334 | 12644 | SH |  | DFND | 4 | 12644 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 507193 | 3233 | SH |  | DFND | 4 | 3233 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 578101 | 14001 | SH |  | DFND |  | 14001 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1920233 | 46506 | SH |  | DFND | 4 | 46506 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 1139428 | 16252 | SH |  | DFND |  | 16252 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 2192971 | 31279 | SH |  | DFND | 4 | 31279 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 321938 | 2525 | SH |  | DFND | 4 | 2525 | 0 | 0 |

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