# EDGAR Filing Document

**Accession Number:** 0000844150
**File Stem:** 0000844150-26-000004
**Filing Date:** 2026-5
**Character Count:** 12797
**Document Hash:** 2acba3b4faead386a1d546164faea8a4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000844150-26-000004.hdr.sgml**: 20260511

**ACCESSION NUMBER**: 0000844150-26-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260511

**DATE AS OF CHANGE**: 20260511

**EFFECTIVENESS DATE**: 20260511

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NatWest Group plc
- **CENTRAL INDEX KEY:** 0000844150
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 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:** 26962314

**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:** 03-31-2026

**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:** Gary Moore<br>**Title:** Chief Governance Officer  Company Secretary<br>**Phone:** 00447795676738

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

Gary Moore  Edinburgh, X0  05-11-2026<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:** 83

**Form 13F Information Table Value Total:** $462233413

      (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 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 3587599 | 12476 | SH |  | DFND |  | 12476 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 15979709 | 55570 | SH |  | DFND | 4 | 55570 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 251003 | 875 | SH |  | DFND | 4 | 875 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 1058636 | 5083 | SH |  | DFND |  | 5083 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 4335973 | 20819 | SH |  | DFND | 4 | 20819 | 0 | 0 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 3010077 | 8555 | SH |  | DFND |  | 8555 | 0 | 0 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 9585098 | 27242 | SH |  | DFND | 4 | 27242 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 5870670 | 23132 | SH |  | DFND |  | 23132 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 29325181 | 115549 | SH |  | DFND | 4 | 115549 | 0 | 0 |
| ASTRAZENECA PLC | ORD | G0593M107 |  | 736419 | 3734 | SH |  | DFND |  | 3734 | 0 | 0 |
| ASTRAZENECA PLC | ORD | G0593M107 |  | 39568840 | 200633 | SH |  | DFND | 4 | 200633 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG001S89N72 | 879957 | 209 | SH |  | DFND |  | 209 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG001S89N72 | 4858709 | 1154 | SH |  | DFND | 4 | 1154 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 1662378 | 5371 | SH |  | DFND |  | 5371 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 8090282 | 26139 | SH |  | DFND | 4 | 26139 | 0 | 0 |
| CANADIAN NAT RES LTD MED TER | COM | 136385101 | BBG001S5YC56 | 349979 | 7182 | SH |  | DFND |  | 7182 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 | BBG001T71BP7 | 2866352 | 10198 | SH |  | DFND |  | 10198 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 | BBG001T71BP7 | 10497965 | 37350 | SH |  | DFND | 4 | 37350 | 0 | 0 |
| CF INDUSTRIES HOLD | COM | 125269100 | BBG001SJ8KV8 | 2374124 | 18285 | SH |  | DFND |  | 18285 | 0 | 0 |
| CF INDUSTRIES HOLD | COM | 125269100 | BBG001SJ8KV8 | 7435288 | 57265 | SH |  | DFND | 4 | 57265 | 0 | 0 |
| CINTAS CORP | COM | 172908105 | BBG001S7CRG1 | 891199 | 5269 | SH |  | DFND |  | 5269 | 0 | 0 |
| CINTAS CORP | COM | 172908105 | BBG001S7CRG1 | 4368210 | 25826 | SH |  | DFND | 4 | 25826 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 | BBG001S86547 | 17721260 | 60001 | SH |  | DFND |  | 60001 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 | BBG001S5PVM5 | 1022930 | 12002 | SH |  | DFND |  | 12002 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 | BBG001S5PVM5 | 4386788 | 51470 | SH |  | DFND | 4 | 51470 | 0 | 0 |
| CUMMINS INC | COM | 231021106 | BBG001S5Q9M3 | 284075 | 528 | SH |  | DFND | 4 | 528 | 0 | 0 |
| EBAY INC. | COM | 278642103 | BBG001S9B9J5 | 2446071 | 26874 | SH |  | DFND |  | 26874 | 0 | 0 |
| EBAY INC. | COM | 278642103 | BBG001S9B9J5 | 7666706 | 84231 | SH |  | DFND | 4 | 84231 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 774446 | 842 | SH |  | DFND |  | 842 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 3185164 | 3463 | SH |  | DFND | 4 | 3463 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 | BBG001S5PVD5 | 3118916 | 10991 | SH |  | DFND |  | 10991 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 | BBG001S5PVD5 | 7388236 | 26036 | SH |  | DFND | 4 | 26036 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG001S6Y1X7 | 1211404 | 8692 | SH |  | DFND |  | 8692 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG001S6Y1X7 | 5080873 | 36456 | SH |  | DFND | 4 | 36456 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 1679290 | 1985 | SH |  | DFND |  | 1985 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 8777992 | 10376 | SH |  | DFND | 4 | 10376 | 0 | 0 |
| HERSHEY CO | COM | 427866108 | BBG001S5S148 | 2271198 | 10925 | SH |  | DFND |  | 10925 | 0 | 0 |
| HERSHEY CO | COM | 427866108 | BBG001S5S148 | 7832464 | 37676 | SH |  | DFND | 4 | 37676 | 0 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 | BBG00ZVXQ4Q0 | 2739478 | 11887 | SH |  | DFND |  | 11887 | 0 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 | BBG00ZVXQ4Q0 | 7267326 | 31534 | SH |  | DFND | 4 | 31534 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 8948977 | 13700 | SH |  | DFND | 4 | 13700 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 2104628 | 8610 | SH |  | DFND |  | 8610 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 8401892 | 34372 | SH |  | DFND | 4 | 34372 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 1095452 | 3724 | SH |  | DFND |  | 3724 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 5520207 | 18766 | SH |  | DFND | 4 | 18766 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 | BBG001S5SLZ0 | 861959 | 8935 | SH |  | DFND |  | 8935 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 | BBG001S5SLZ0 | 3879059 | 40210 | SH |  | DFND | 4 | 40210 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 | BBG001S5SLM4 | 3698694 | 2512 | SH |  | DFND |  | 2512 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 | BBG001S5SLM4 | 14058571 | 9548 | SH |  | DFND | 4 | 9548 | 0 | 0 |
| KROGER CO | COM | 501044101 | BBG001S5SN40 | 1434030 | 19818 | SH |  | DFND |  | 19818 | 0 | 0 |
| KROGER CO | COM | 501044101 | BBG001S5SN40 | 6641852 | 91789 | SH |  | DFND | 4 | 91789 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 | BBG00JRY8TQ4 | 3775586 | 17671 | SH |  | DFND |  | 17671 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 | BBG00JRY8TQ4 | 14270351 | 66790 | SH |  | DFND | 4 | 66790 | 0 | 0 |
| LOGITECH INTL S A | SHS | H50430232 | BBG001S9T9J6 | 1061092 | 11645 | SH |  | DFND |  | 11645 | 0 | 0 |
| LOGITECH INTL S A | SHS | H50430232 | BBG001S9T9J6 | 5036749 | 55276 | SH |  | DFND | 4 | 55276 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 3040206 | 8213 | SH |  | DFND |  | 8213 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 15681882 | 42364 | SH |  | DFND | 4 | 42364 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 | BBG008NVB1F7 | 3053102 | 42135 | SH |  | DFND |  | 42135 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 | BBG008NVB1F7 | 9590371 | 132354 | SH |  | DFND | 4 | 132354 | 0 | 0 |
| MOODYS CORP | COM | 615369105 | BBG001S5VP87 | 1295226 | 2969 | SH |  | DFND |  | 2969 | 0 | 0 |
| MOODYS CORP | COM | 615369105 | BBG001S5VP87 | 6358780 | 14576 | SH |  | DFND | 4 | 14576 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 1582670 | 9617 | SH |  | DFND |  | 9617 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 8007647 | 48658 | SH |  | DFND | 4 | 48658 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 | BBG001S5T9L1 | 956036 | 2203 | SH |  | DFND |  | 2203 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 | BBG001S5T9L1 | 2874183 | 6623 | SH |  | DFND | 4 | 6623 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 | BBG001S5TKX3 | 2585118 | 23881 | SH |  | DFND |  | 23881 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 | BBG001S5TKX3 | 6848653 | 63267 | SH |  | DFND | 4 | 63267 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 | BBG001SDD8F0 | 1104380 | 7557 | SH |  | DFND |  | 7557 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 | BBG001SDD8F0 | 3958348 | 27086 | SH |  | DFND | 4 | 27086 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 5984187 | 34313 | SH |  | DFND |  | 34313 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 25149003 | 144203 | SH |  | DFND | 4 | 144203 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 | BBG001S5VRS1 | 1919992 | 8863 | SH |  | DFND |  | 8863 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 | BBG001S5VRS1 | 10141317 | 46814 | SH |  | DFND | 4 | 46814 | 0 | 0 |
| TOTALENERGIES SE | ACT | F92124100 | BBG001S67Y74 | 196790 | 2163 | SH |  | DFND |  | 2163 | 0 | 0 |
| TOTALENERGIES SE | ACT | F92124100 | BBG001S67Y74 | 1468508 | 16141 | SH |  | DFND | 4 | 16141 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 | BBG001S5SBV6 | 1140201 | 2736 | SH |  | DFND |  | 2736 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 | BBG001S5SBV6 | 5538058 | 13289 | SH |  | DFND | 4 | 13289 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MW4 | 1107147 | 15392 | SH |  | DFND |  | 15392 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MW4 | 5417696 | 75319 | SH |  | DFND | 4 | 75319 | 0 | 0 |
| UBS GROUP AG | SHS | H42097107 | BBG007936GX0 | 1027111 | 26289 | SH |  | DFND |  | 26289 | 0 | 0 |
| UBS GROUP AG | SHS | H42097107 | BBG007936GX0 | 4752162 | 121632 | SH |  | DFND | 4 | 121632 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 1385166 | 4583 | SH |  | DFND |  | 4583 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 6842109 | 22638 | SH |  | DFND | 4 | 22638 | 0 | 0 |

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