NC

Northern Capital Management, Inc.

Momentum followerQuality / disciplined sizingLong-term holder

Total reported value

$199.5M

Reporting period: 2026-03-31 · Number of holdings: 51

Northern Capital Management, Inc. disclosed 51 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $199.5M and a quarterly turnover rate of 19.5%.

Personality snowflake

Concentration
61.76
Portfolio Stability
19.47
Momentum/Contrarian
100
Sector conviction
57.91
Diversification
100
Sizing Uniformity
73.52

Recent moves

  • Add SPYV

    +269.6%　$12.8M

  • Trim SCHG

    +1.0%　-$5.6M

  • Add SCHV

    +23.1%　$8.8M

  • Trim QQQ

    +0.2%　-$2.0M

  • Trim VV

    -1.5%　-$1.2M

  • Trim GBCI

    -29.4%　-$1.5M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1SCHGSchwab US Large-cap GrowthETF-Other25.72%-4.33%+1.02%
2SCHVSchwab US Large-cap ValueETF-Other20.91%+3.53%+23.09%
3QQQInvesco Qqq Trust Series 1ETF-Tech16.57%-1.97%+0.22%
4SPYVSs Spdr P S&p 500 Value ETFETF-Large Cap & Growth8.82%+6.29%+269.58%
5VVVanguard Large-cap ETFETF-Other8.54%-1.09%-1.50%
6JNJJohnson & JohnsonStock-Healthcare2.45%+0.26%+0.01%
7GBCIGlacier Bancorp INCStock-Financials1.95%-0.92%-29.39%
8AAPLApple INCStock-Tech1.75%-0.23%-0.20%
9MSFTMicrosoft CORPStock-Tech1.45%-0.53%+0.71%
10FIBKFirst Interstate Bancsys-aStock-Other0.86%-0.09%-1.46%
11AMZNAmazon.com INCStock-Consumer Disc0.84%-0.08%+6.70%
12DIASs Spdr Dow Jones Indus AvgETF-Large Cap & Growth0.75%-0.02%+6.98%
13NVDANvidia CORPStock-Tech0.63%-0.07%+2.82%
14COSTCostco Wholesale CORPStock-Consumer Staples0.61%+0.07%+3.40%
15GOOGAlphabet Inc-cl CStock-Comm Services0.58%-0.09%-0.15%
16VOOVanguard S&p 500 ETFETF-Large Cap & Growth0.49%-0.07%-4.46%
17CVXChevron CORPStock-Energy0.40%+0.09%—
18BRK-BBerkshire Hathaway Inc-cl BStock-Other0.39%-0.06%-2.33%
19SCHMSchwab US Mid Cap ETFETF-Other0.39%-0.06%-12.31%
20VTIVanguard Total Stock Mkt ETFETF-Other0.37%-0.14%-20.21%
21SCHBSchwab US Broad Market ETFETF-Other0.37%-0.19%-27.91%
22XOMExxon Mobil CORPStock-Energy0.35%+0.09%+0.12%
23AONAon plcStock-Financials0.27%-0.04%—
24VEUVanguard Ftse All-world Ex-uETF-Other0.27%-0.01%—
25GOOGLAlphabet Inc-cl AStock-Comm Services0.25%-0.03%—
26VNQVanguard Real Estate ETFETF-Other0.21%——
27JPMJpmorgan Chase & CoStock-Financials0.21%-0.03%—
28CEFSprott Physical Gold And SilStock-Other0.20%——
29SBUXStarbucks CORPStock-Consumer Disc0.20%——
30BABoeing Co/theStock-Industrials0.20%—+13.25%
31SMHVaneck Semiconductor ETFETF-Other0.19%+0.06%+48.09%
32METAMeta Platforms Inc-class AStock-Comm Services0.19%-0.04%+1.36%
33ABBVAbbvie INCStock-Healthcare0.18%-0.02%—
34CMICummins INCStock-Industrials0.17%+0.01%—
35AVGOBroadcom INCStock-Tech0.16%-0.03%+0.57%
36IMCGIshares Morningstar Mid-capETF-Other0.15%——
37VVisa Inc-class A SharesStock-Financials0.15%-0.04%—
38VXUSVanguard Total Intl StockETF-Other0.14%+0.14%NEW
39CATCaterpillar INCStock-Industrials0.14%+0.02%—
40EPDEnterprise Products PartnersStock-Energy0.14%+0.01%+0.20%
41IBMIntl Business Machines CORPStock-Tech0.14%-0.04%+0.09%
42GLDSpdr Gold SharesETF-Commodities0.13%-0.02%-11.69%
43COPConocophillipsStock-Energy0.13%+0.13%NEW
44ASMLASML Holding N.V.Stock-Tech0.13%+0.02%—
45USXFIshares Esg Advance Msci USAETF-Other0.12%——
46WFCWells Fargo & CoStock-Financials0.12%-0.03%—
47DLNWisdomtree US Largecap DividETF-Other0.12%——
48ITOTIshares Core S&p Total U.s.ETF-Other0.12%-0.01%—
49MUMicron Technology INCStock-Tech0.12%+0.01%—
50UNHUnitedhealth Group INCStock-Healthcare0.12%+0.01%+38.21%
1–50 of 51

Holding changes this quarter

Northern Capital Management, Inc.'s most significant position changes for 2026-03-31: Sold out: Nextera Energy INC (NEE); New buy: Vanguard Total Intl Stock (VXUS); New buy: Conocophillips (COP); Sold out: Proshares Ultrapro Qqq (TQQQ); Sold out: Vanguard Mid-cap ETF (VO).

Position changes disclosed by Northern Capital Management, Inc. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1SPYVSs Spdr P S&p 500 Value ETF+6.3%+269.58%Add
2SCHVSchwab US Large-cap Value+3.5%+23.09%Add
3JNJJohnson & Johnson+0.3%+0.01%Add
4CVXChevron CORP+0.1%—Unchanged
5XOMExxon Mobil CORP+0.1%+0.12%Add
6COSTCostco Wholesale CORP+0.1%+3.40%Add
7SMHVaneck Semiconductor ETF+0.1%+48.09%Add
8CATCaterpillar INC0%—Unchanged
9ASMLASML Holding N.V.0%—Unchanged
10EPDEnterprise Products Partners0%+0.20%Add
11MUMicron Technology INC0%—Unchanged
12UNHUnitedhealth Group INC0%+38.21%Add
13CMICummins INC0%—Unchanged
14SBUXStarbucks CORP——Unchanged
15CEFSprott Physical Gold And Sil——Unchanged
16BABoeing Co/the—+13.25%Add
17VEUVanguard Ftse All-world Ex-u0%—Unchanged
18ITOTIshares Core S&p Total U.s.0%—Unchanged
19DIASs Spdr Dow Jones Indus Avg0%+6.98%Add
20ABBVAbbvie INC0%—Unchanged
21GLDSpdr Gold Shares0%-11.69%Trim
22GOOGLAlphabet Inc-cl A0%—Unchanged
23WFCWells Fargo & Co0%—Unchanged
24JPMJpmorgan Chase & Co0%—Unchanged
25LLYEli Lilly & Co0%—Unchanged
26AVGOBroadcom INC0%+0.57%Add
27IBMIntl Business Machines CORP0%+0.09%Add
28METAMeta Platforms Inc-class A0%+1.36%Add
29AONAon plc0%—Unchanged
30VVisa Inc-class A Shares0%—Unchanged
31SCHMSchwab US Mid Cap ETF-0.1%-12.31%Trim
32BRK-BBerkshire Hathaway Inc-cl B-0.1%-2.33%Trim
33VOOVanguard S&p 500 ETF-0.1%-4.46%Trim
34NVDANvidia CORP-0.1%+2.82%Add
35AMZNAmazon.com INC-0.1%+6.70%Add
36GOOGAlphabet Inc-cl C-0.1%-0.15%Trim
37FIBKFirst Interstate Bancsys-a-0.1%-1.46%Trim
38VTIVanguard Total Stock Mkt ETF-0.1%-20.21%Trim
39SCHBSchwab US Broad Market ETF-0.2%-27.91%Trim
40AAPLApple INC-0.2%-0.20%Trim
41MSFTMicrosoft CORP-0.5%+0.71%Add
42GBCIGlacier Bancorp INC-0.9%-29.39%Trim
43VVVanguard Large-cap ETF-1.1%-1.50%Trim
44QQQInvesco Qqq Trust Series 1-2%+0.22%Add
45SCHGSchwab US Large-cap Growth-4.3%+1.02%Add
46NEENextera Energy INC—EXITSold out
47VXUSVanguard Total Intl Stock—NEWNew buy
48COPConocophillips—NEWNew buy
49TQQQProshares Ultrapro Qqq—EXITSold out
50VOVanguard Mid-cap ETF—EXITSold out

FAQ

What is Northern Capital Management, Inc. and what type of investor is it?
Northern Capital Management, Inc. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $199.5M, spread across 51 disclosed positions.
What are Northern Capital Management, Inc.'s largest equity positions?
Based on the latest 13F filing, Northern Capital Management, Inc.'s top holdings by market value are: 1. Schwab US Large-cap Growth (SCHG) — $51.3M (25.7%) 2. Schwab US Large-cap Value (SCHV) — $41.7M (20.9%) 3. Invesco Qqq Trust Series 1 (QQQ) — $33.0M (16.6%) 4. Ss Spdr P S&p 500 Value ETF (SPYV) — $17.6M (8.8%) 5. Vanguard Large-cap ETF (VV) — $17.0M (8.5%)
What changes did Northern Capital Management, Inc. make in its most recent portfolio filing?
In the latest reported quarter, Northern Capital Management, Inc. made 34 notable position adjustments: 2 new positions were initiated, 18 existing holdings were added to, 11 positions were partially reduced, and 3 were completely exited. The largest of these moves: Sold out: Nextera Energy INC (NEE); New buy: Vanguard Total Intl Stock (VXUS); New buy: Conocophillips (COP); Sold out: Proshares Ultrapro Qqq (TQQQ); Sold out: Vanguard Mid-cap ETF (VO)
What sectors does Northern Capital Management, Inc. focus on?
Northern Capital Management, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 30.2% • Financials: 21.3% • Health Care: 19.6% • Consumer Discretionary: 7.2% • Energy: 7.0% • Communication Services: 7.0%