Northern Capital Management, Inc. — 13F Holdings & Portfolio
CIK 1581794 · latest 13F-HR filed 2026-07-23
Northern Capital Management, Inc. manages $234.5M in 13F-reported U.S. long-equity assets across 55 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SCHG (25.68%), SCHV (20.97%), QQQ (17.86%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 6 new positions, exited 1, added to 37, and trimmed 5.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
STE 205
SPOKANE, WA 99223
$234.5M
Long-equity book
55
Distinct positions
2026-06-30
Filed 2026-07-23
+6 / −1 / ↑37 / ↓5
vs 2026-06-30
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- Schwab U.S. Large-Cap Growth ETF$9.1M +17.8%
- Invesco QQQ Trust$9.0M +27.2%
- Schwab US Large-Cap Value ETF$7.6M +18.4%
- Vanguard Large-Cap ETF$2.8M +16.4%
- State Street SPDR Port S&P 500 Val ETF$2.1M +12.0%
Top Trims
- Schwab US Mid-Cap ETF-$393.3K -50.8%
- ExxonMobil Holdings Corp-$134.2K -19.1%
- Costco Wholesale Corp-$73.5K -6.1%
- Sprott Physical Gold and Silver Trust-$62.8K -15.7%
- Conocophillips-$55.4K -21.2%
New Positions
- ProShares UltraPro QQQ$343.1K
- Taiwan Semiconductor Manufacturing Co Ltd ADR$300.3K
- Broadcom Inc$240.3K
- Tesla Motors, Inc.$224.6K
- Vanguard ESG US Stock ETF$211.7K
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | Schwab U.S. Large-Cap Growth ETF | SCHG | 808524300 | $60.2M | 25.68% | 1,779,876 | SH |
| 2 | Schwab US Large-Cap Value ETF | SCHV | 808524409 | $49.2M | 20.97% | 1,412,672 | SH |
| 3 | Invesco QQQ Trust | QQQ | 46090E103 | $41.9M | 17.86% | 56,877 | SH |
| 4 | Vanguard Large-Cap ETF | VV | 922908637 | $19.7M | 8.38% | 57,163 | SH |
| 5 | State Street SPDR Port S&P 500 Val ETF | SPYV | 78464A508 | $19.6M | 8.36% | 322,571 | SH |
| 6 | Johnson & Johnson | JNJ | 478160104 | $5.1M | 2.17% | 19,992 | SH |
| 7 | Glacier Bancorp Inc | GBCI | 37637Q105 | $4.5M | 1.92% | 87,162 | SH |
| 8 | Apple Inc | AAPL | 037833100 | $4.0M | 1.70% | 13,813 | SH |
| 9 | Microsoft Corp | MSFT | 594918104 | $2.9M | 1.23% | 7,711 | SH |
| 10 | First Interstate BancSystem Inc | FIBK | 32055Y201 | $2.0M | 0.85% | 51,590 | SH |
| 11 | Amazon.com Inc | AMZN | 023135106 | $1.9M | 0.80% | 7,889 | SH |
| 12 | State Street SPDR DJIA ETF | DIA | 78467X109 | $1.7M | 0.72% | 3,234 | SH |
| 13 | NVIDIA Corp | NVDA | 67066G104 | $1.5M | 0.62% | 7,289 | SH |
| 14 | Alphabet Inc Class C | GOOG | 02079K107 | $1.4M | 0.61% | 4,067 | SH |
| 15 | Costco Wholesale Corp | COST | 22160K105 | $1.1M | 0.49% | 1,216 | SH |
| 16 | Vanguard S&P 500 ETF | VOO | 922908363 | $1.1M | 0.48% | 1,634 | SH |
| 17 | Chevron Corp | CVX | 166764100 | $1.1M | 0.46% | 6,489 | SH |
| 18 | Micron Technology Inc | MU | 595112103 | $984.0K | 0.42% | 852 | SH |
| 19 | Vanguard Total Stock Market ETF | VTI | 922908769 | $834.9K | 0.36% | 2,256 | SH |
| 20 | Schwab U.S. Broad Market ETF | SCHB | 808524102 | $829.2K | 0.35% | 28,633 | SH |
| 21 | VanEck Semiconductor ETF | SMH | 92189F676 | $672.5K | 0.29% | 1,025 | SH |
| 22 | Alphabet Inc Class A | GOOGL | 02079K305 | $610.1K | 0.26% | 1,707 | SH |
| 23 | Vanguard FTSE All-World ex-US ETF | VEU | 922042775 | $598.6K | 0.26% | 7,148 | SH |
| 24 | ExxonMobil Holdings Corp | XOM | 30231G102 | $566.9K | 0.24% | 4,146 | SH |
| 25 | Aon PLC | AON | G0403H108 | $559.9K | 0.24% | 1,688 | SH |
| 26 | Vanguard REIT Index ETF | VNQ | 922908553 | $461.7K | 0.20% | 4,788 | SH |
| 27 | JPMorgan Chase & Co | JPM | 46625H100 | $459.9K | 0.20% | 1,404 | SH |
| 28 | Starbucks Corp | SBUX | 855244109 | $454.4K | 0.19% | 4,447 | SH |
| 29 | Cummins Inc | CMI | 231021106 | $436.6K | 0.19% | 612 | SH |
| 30 | Caterpillar Inc | CAT | 149123101 | $432.7K | 0.18% | 406 | SH |
| 31 | Boeing Co | BA | 097023105 | $431.2K | 0.18% | 1,992 | SH |
| 32 | ASML Holding NV | ASML | N07059210 | $424.7K | 0.18% | 213 | SH |
| 33 | AbbVie Inc | ABBV | 00287Y109 | $421.0K | 0.18% | 1,673 | SH |
| 34 | Meta Platforms Inc Class A | META | 30303M102 | $396.4K | 0.17% | 703 | SH |
| 35 | iShares Morningstar Mid-Cap Growth ETF | IMCG | 464288307 | $381.4K | 0.16% | 3,880 | SH |
| 36 | Schwab US Mid-Cap ETF | SCHM | 808524508 | $380.9K | 0.16% | 10,331 | SH |
| 37 | UnitedHealth Group Inc | UNH | 91324P102 | $353.1K | 0.15% | 849 | SH |
| 38 | Visa Inc Cl A | V | 92826C839 | $344.4K | 0.15% | 1,003 | SH |
| 39 | ProShares UltraPro QQQ | TQQQ | 74347X831 | $343.1K | 0.15% | 4,236 | SH |
| 40 | Sprott Physical Gold and Silver Trust | CEF | 85208R101 | $337.1K | 0.14% | 8,380 | SH |
| 41 | International Business Machines Corp | IBM | 459200101 | $327.1K | 0.14% | 1,163 | SH |
| 42 | Vanguard Total International Stock ETF | VXUS | 921909768 | $320.8K | 0.14% | 3,752 | SH |
| 43 | ISHARES ESG ADVANCED MSCI USA ETF | USXF | 46436E767 | $309.4K | 0.13% | 4,455 | SH |
| 44 | Taiwan Semiconductor Manufacturing Co Ltd ADR | TSM | 874039100 | $300.3K | 0.13% | 628 | SH |
| 45 | Berkshire Hathaway Inc Class B | BRK.B | 084670702 | $292.7K | 0.12% | 585 | SH |
| 46 | Eli Lilly and Co | LLY | 532457108 | $285.8K | 0.12% | 238 | SH |
| 47 | iShares Core S&P Total US Stock Mkt ETF | ITOT | 464287150 | $278.6K | 0.12% | 1,696 | SH |
| 48 | Enterprise Products Partners LP | EPD | 293792107 | $275.8K | 0.12% | 7,502 | SH |
| 49 | WisdomTree LargeCap Dividend ETF | DLN | 97717W307 | $261.4K | 0.11% | 2,714 | SH |
| 50 | Wells Fargo & Co New | WFC | 949746101 | $254.9K | 0.11% | 3,084 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-23 | $234.5M | 55 | 0001581794-26-000011 |
| 2026-06-30 | 2026-07-21 | $197.9M | 50 | 0001581794-26-000007 |
| 2026-03-31 | 2026-05-13 | $199.5M | 51 | 0001581794-26-000004 |
| 2025-12-31 | 2026-02-03 | $189.3M | 52 | 0001581794-26-000002 |
| 2025-09-30 | 2025-11-06 | $184.3M | 46 | 0001581794-25-000015 |