Northern Capital Management, Inc. — 13F Holdings & Portfolio
CIK 1581794 · latest 13F-HR filed 2026-05-13
Northern Capital Management, Inc. manages $199.5M in 13F-reported U.S. long-equity assets across 51 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are SCHG (25.72%), SCHV (20.91%), QQQ (16.57%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 2 new positions, exited 3, added to 14, and trimmed 21.
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.
$199.5M
Long-equity book
51
Distinct positions
2026-03-31
Filed 2026-05-13
+2 / −3 / ↑14 / ↓21
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- SPDR SERIES TRUST$12.8M +268.1%
- SCHWAB STRATEGIC TR$8.8M +26.8%
- JOHNSON & JOHNSON$750.2K +18.1%
- CHEVRON CORPORATION$208.3K +35.8%
- EXXON MOBIL CORP$204.4K +41.2%
Top Trims
- SCHWAB STRATEGIC TR-$5.6M -9.8%
- INVESCO QQQ TR-$2.0M -5.8%
- GLACIER BANCORP INC NEW-$1.5M -28.4%
- VANGUARD INDEX FDS-$1.2M -6.5%
- MICROSOFT CORP-$860.5K -22.9%
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 STRATEGIC TR | SCHG | 808524300 | $51.3M | 25.72% | 1,761,124 | SH |
| 2 | SCHWAB STRATEGIC TR | SCHV | 808524409 | $41.7M | 20.91% | 1,367,247 | SH |
| 3 | INVESCO QQQ TR | QQQ | 46090E103 | $33.0M | 16.57% | 57,252 | SH |
| 4 | SPDR SERIES TRUST | SPYV | 78464A508 | $17.6M | 8.82% | 310,886 | SH |
| 5 | VANGUARD INDEX FDS | VV | 922908637 | $17.0M | 8.54% | 57,001 | SH |
| 6 | JOHNSON & JOHNSON | JNJ | 478160104 | $4.9M | 2.45% | 19,992 | SH |
| 7 | GLACIER BANCORP INC NEW | GBCI | 37637Q105 | $3.9M | 1.95% | 87,162 | SH |
| 8 | APPLE INC | AAPL | 037833100 | $3.5M | 1.75% | 13,770 | SH |
| 9 | MICROSOFT CORP | MSFT | 594918104 | $2.9M | 1.45% | 7,820 | SH |
| 10 | FIRST INTST BANCSYSTEM INC | FIBK | 32055Y201 | $1.7M | 0.86% | 51,337 | SH |
| 11 | AMAZON COM INC | AMZN | 023135106 | $1.7M | 0.84% | 8,088 | SH |
| 12 | STATE STR SPDR DOW JONES IND | DIA | 78467X109 | $1.5M | 0.75% | 3,234 | SH |
| 13 | NVIDIA CORPORATION | NVDA | 67066G104 | $1.3M | 0.63% | 7,253 | SH |
| 14 | COSTCO WHOLESALE CORPORATION | COST | 22160K105 | $1.2M | 0.61% | 1,216 | SH |
| 15 | ALPHABET INC | GOOG | 02079K107 | $1.2M | 0.58% | 4,017 | SH |
| 16 | VANGUARD INDEX FDS | VOO | 922908363 | $972.0K | 0.49% | 1,627 | SH |
| 17 | CHEVRON CORPORATION | CVX | 166764100 | $790.8K | 0.40% | 3,822 | SH |
| 18 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $784.9K | 0.39% | 1,638 | SH |
| 19 | SCHWAB STRATEGIC TR | SCHM | 808524508 | $774.2K | 0.39% | 25,007 | SH |
| 20 | VANGUARD INDEX FDS | VTI | 922908769 | $740.7K | 0.37% | 2,309 | SH |
| 21 | SCHWAB STRATEGIC TR | SCHB | 808524102 | $730.9K | 0.37% | 29,119 | SH |
| 22 | EXXON MOBIL CORP | XOM | 30231G102 | $701.0K | 0.35% | 4,132 | SH |
| 23 | AON PLC | AON | G0403H108 | $544.9K | 0.27% | 1,688 | SH |
| 24 | VANGUARD INTL EQUITY INDEX F | VEU | 922042775 | $536.8K | 0.27% | 7,148 | SH |
| 25 | ALPHABET INC | GOOGL | 02079K305 | $493.3K | 0.25% | 1,715 | SH |
| 26 | VANGUARD INDEX FDS | VNQ | 922908553 | $424.7K | 0.21% | 4,788 | SH |
| 27 | JPMORGAN CHASE & CO | JPM | 46625H100 | $413.1K | 0.21% | 1,404 | SH |
| 28 | SPROTT ASSET MANAGEMENT LP | CEF | 85208R101 | $399.9K | 0.20% | 8,380 | SH |
| 29 | STARBUCKS CORP | SBUX | 855244109 | $398.4K | 0.20% | 4,447 | SH |
| 30 | BOEING CO | BA | 097023105 | $396.5K | 0.20% | 1,992 | SH |
| 31 | VANECK ETF TRUST | SMH | 92189F676 | $387.4K | 0.19% | 1,010 | SH |
| 32 | META PLATFORMS INC | META | 30303M102 | $383.7K | 0.19% | 671 | SH |
| 33 | ABBVIE INC | ABBV | 00287Y109 | $363.8K | 0.18% | 1,673 | SH |
| 34 | CUMMINS INC | CMI | 231021106 | $329.3K | 0.17% | 612 | SH |
| 35 | BROADCOM INC | AVGO | 11135F101 | $327.0K | 0.16% | 1,056 | SH |
| 36 | ISHARES TR | IMCG | 464288307 | $305.6K | 0.15% | 3,880 | SH |
| 37 | VISA INC | V | 92826C839 | $303.3K | 0.15% | 1,003 | SH |
| 38 | VANGUARD STAR FDS | VXUS | 921909768 | $288.7K | 0.14% | 3,744 | SH |
| 39 | CATERPILLAR INC | CAT | 149123101 | $287.8K | 0.14% | 406 | SH |
| 40 | ENTERPRISE PRODS PARTNERS L | EPD | 293792107 | $283.4K | 0.14% | 7,488 | SH |
| 41 | INTERNATIONAL BUSINESS MACHS | IBM | 459200101 | $281.7K | 0.14% | 1,162 | SH |
| 42 | SPDR GOLD TR | GLD | 78463V107 | $263.3K | 0.13% | 612 | SH |
| 43 | CONOCOPHILLIPS | COP | 20825C104 | $261.1K | 0.13% | 1,978 | SH |
| 44 | ASML HLDG NV | ASML | N07059210 | $253.6K | 0.13% | 192 | SH |
| 45 | ISHARES TR | USXF | 46436E767 | $245.9K | 0.12% | 4,455 | SH |
| 46 | WELLS FARGO & CO | WFC | 949746101 | $245.5K | 0.12% | 3,084 | SH |
| 47 | WISDOMTREE TR | DLN | 97717W307 | $242.4K | 0.12% | 2,714 | SH |
| 48 | ISHARES TR | ITOT | 464287150 | $241.6K | 0.12% | 1,696 | SH |
| 49 | MICRON TECHNOLOGY INC | MU | 595112103 | $237.2K | 0.12% | 702 | SH |
| 50 | UNITEDHEALTH GROUP INC | UNH | 91324P102 | $229.9K | 0.12% | 850 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 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 |