The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

Report for the Calendar Year or Quarter Ended: 06-30-2024
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
Address: GOGARBURN
PO BOX 1000
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
Title: Chief Governance Officer and Company Secretary
Phone: 00447769248894
Signature, Place, and Date of Signing:
Jan Cargill, Edinburgh UK, 07-19-2024 EdinburghX0 07-19-2024
[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 reported are 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: 66
Form 13F Information Table Value Total: 292,398,977
(thousands)
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. Form 13F File Number Name
4 028-04889 Coutts & Company

SEC FORM 13-F Information Table

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALPHABET INC CAP STK CL A 02079K305 3,796,006 20,840 SH   DFND   20,840 0 0
ALPHABET INC CAP STK CL A 02079K305 9,880,180 54,242 SH   DFND 4 54,242 0 0
ALPHABET INC CAP STK CL C 02079K107 637,385 3,475 SH   DFND 4 3,475 0 0
AMAZON COM INC COM 023135106 2,743,957 14,199 SH   DFND   14,199 0 0
AMAZON COM INC COM 023135106 5,720,393 29,601 SH   DFND 4 29,601 0 0
AMERICAN EXPRESS CO COM 025816109 2,036,482 8,795 SH   DFND   8,795 0 0
AMERICAN EXPRESS CO COM 025816109 6,857,353 29,615 SH   DFND 4 29,615 0 0
APPLE INC COM 037833100 3,886,781 18,454 SH   DFND   18,454 0 0
APPLE INC COM 037833100 13,901,131 66,001 SH   DFND 4 66,001 0 0
BERKLEY W R CORP COM 084423102 976,199 12,423 SH   DFND   12,423 0 0
BERKLEY W R CORP COM 084423102 3,463,649 44,078 SH   DFND 4 44,078 0 0
BOOKING HOLDINGS INC COM 09857L108 2,563,091 647 SH   DFND   647 0 0
BOOKING HOLDINGS INC COM 09857L108 7,756,617 1,958 SH   DFND 4 1,958 0 0
BROADCOM INC COM 11135F101 2,003,701 1,248 SH   DFND   1,248 0 0
BROADCOM INC COM 11135F101 6,937,495 4,321 SH   DFND 4 4,321 0 0
CANADIAN NAT RES LTD COM 136385101 255,679 7,182 SH   DFND   7,182 0 0
CINTAS CORP COM 172908105 1,708,634 2,440 SH   DFND   2,440 0 0
CINTAS CORP COM 172908105 5,973,918 8,531 SH   DFND 4 8,531 0 0
CME GROUP INC COM 12572Q105 11,796,173 60,001 SH   DFND   60,001 0 0
COLGATE PALMOLIVE CO COM 194162103 1,101,210 11,348 SH   DFND   11,348 0 0
COLGATE PALMOLIVE CO COM 194162103 3,354,188 34,565 SH   DFND 4 34,565 0 0
COSTCO WHSL CORP NEW COM 22160K105 1,585,231 1,865 SH   DFND   1,865 0 0
COSTCO WHSL CORP NEW COM 22160K105 3,995,803 4,701 SH   DFND 4 4,701 0 0
ELI LILLY & CO COM 532457108 3,889,512 4,296 SH   DFND   4,296 0 0
ELI LILLY & CO COM 532457108 8,659,054 9,564 SH   DFND 4 9,564 0 0
ISHARES TR CORE S&P500 ETF 464287200 7,656,295 13,991 SH   DFND 4 13,991 0 0
JPMORGAN CHASE & CO. COM 46625H100 3,528,223 17,444 SH   DFND   17,444 0 0
JPMORGAN CHASE & CO. COM 46625H100 11,147,762 55,116 SH   DFND 4 55,116 0 0
KLA CORP COM NEW 482480100 3,309,583 4,014 SH   DFND   4,014 0 0
KLA CORP COM NEW 482480100 10,156,314 12,318 SH   DFND 4 12,318 0 0
LINDE PLC SHS G54950103 247,928 565 SH   DFND   565 0 0
LINDE PLC SHS G54950103 1,536,713 3,502 SH   DFND 4 3,502 0 0
LOGITECH INTL S A SHS H50430232 997,380 10,295 SH   DFND   10,295 0 0
LOGITECH INTL S A SHS H50430232 4,525,749 46,715 SH   DFND 4 46,715 0 0
MCDONALDS CORP COM 580135101 219,162 860 SH   DFND 4 860 0 0
META PLATFORMS INC CL A 30303M102 3,103,978 6,156 SH   DFND   6,156 0 0
META PLATFORMS INC CL A 30303M102 7,642,967 15,158 SH   DFND 4 15,158 0 0
MICROSOFT CORP COM 594918104 3,458,946 7,739 SH   DFND   7,739 0 0
MICROSOFT CORP COM 594918104 16,715,930 37,400 SH   DFND 4 37,400 0 0
NETFLIX INC COM 64110L106 3,467,533 5,138 SH   DFND   5,138 0 0
NETFLIX INC COM 64110L106 10,518,680 15,586 SH   DFND 4 15,586 0 0
NRG ENERGY INC COM NEW 629377508 1,766,021 22,682 SH   DFND   22,682 0 0
NRG ENERGY INC COM NEW 629377508 3,885,370 49,902 SH   DFND 4 49,902 0 0
NVIDIA CORPORATION COM 67066G104 5,486,782 44,413 SH   DFND   44,413 0 0
NVIDIA CORPORATION COM 67066G104 16,986,874 137,501 SH   DFND 4 137,501 0 0
PULTE GROUP INC COM 745867101 2,250,995 20,445 SH   DFND   20,445 0 0
PULTE GROUP INC COM 745867101 6,729,973 61,126 SH   DFND 4 61,126 0 0
QUALCOMM INC COM 747525103 2,063,106 10,358 SH   DFND   10,358 0 0
QUALCOMM INC COM 747525103 6,151,873 30,886 SH   DFND 4 30,886 0 0
ROSS STORES INC COM 778296103 1,126,085 7,749 SH   DFND   7,749 0 0
ROSS STORES INC COM 778296103 4,096,861 28,192 SH   DFND 4 28,192 0 0
STELLANTIS N.V SHS N82405106 194,431 9,795 SH   DFND   9,795 0 0
STELLANTIS N.V SHS N82405106 1,029,123 51,845 SH   DFND 4 51,845 0 0
TRANE TECHNOLOGIES PLC SHS G8994E103 2,552,497 7,760 SH   DFND   7,760 0 0
TRANE TECHNOLOGIES PLC SHS G8994E103 7,537,431 22,915 SH   DFND 4 22,915 0 0
TRANSDIGM GROUP INC COM 893641100 1,723,496 1,349 SH   DFND   1,349 0 0
TRANSDIGM GROUP INC COM 893641100 4,019,361 3,146 SH   DFND 4 3,146 0 0
UBS GROUP AG SHS H42097107 447,590 15,152 SH   DFND   15,152 0 0
UBS GROUP AG SHS H42097107 2,263,296 76,618 SH   DFND 4 76,618 0 0
VALERO ENERGY CORP COM 91913Y100 894,316 5,705 SH   DFND   5,705 0 0
VALERO ENERGY CORP COM 91913Y100 2,410,342 15,376 SH   DFND 4 15,376 0 0
VISA INC COM CL A 92826C839 1,535,712 5,851 SH   DFND   5,851 0 0
VISA INC COM CL A 92826C839 5,092,968 19,404 SH   DFND 4 19,404 0 0
WASTE MGMT INC DEL COM 94106L109 216,113 1,013 SH   DFND 4 1,013 0 0
WELLS FARGO CO NEW COM 949746101 2,150,096 36,203 SH   DFND   36,203 0 0
WELLS FARGO CO NEW COM 949746101 6,075,300 102,295 SH   DFND 4 102,295 0 0