Northern Capital Management, Inc.
Sector Allocation
- Other84.8%$199.0M
- Technology5.7%$13.3M
- Financials3.8%$9.0M
- Healthcare2.6%$6.1M
- Consumer Discretionary1.1%$2.6M
- Energy0.9%$2.1M
- Industrials0.6%$1.3M
- Consumer Staples0.5%$1.1M
AUM History
13fpro.ai/research/fund/northern-capital-management-inc-1581794
Conviction and streaks
Stable · top 10 = 89.1%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
- Schwab$60.2M
- Schwab$49.2M
QQQ
$41.9M- Vanguard$19.7M
- State$19.6M
JNJ
$5.1MGBCI
$4.5MAAPL
$4.0MMSFT
$2.9MFIBK
$2.0MAMZN
$1.9M- State$1.7M
NVDA
$1.5MGOOG
$1.4MCOST
$1.1M- Vanguard$1.1M
CVX
$1.1MMU
$984K- Vanguard$835K
- Schwab$829K
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/northern-capital-management-inc-1581794
Northern Capital Management, Inc. 13F holdings — Q2 2026
$234.5M portfolio (+17.6% QoQ) · 55 holdings · Q2 2026 13F · top 10 are 89% of the stock portfolio
- 1
Schwab U.S. Large-Cap Growth ETF - US LCAP GR ETF
$60.2M
25.7% of stocks
+1%This quarter—Since filed—HeldAIQuality—Est. buy— - 2
Schwab US Large-Cap Value ETF - US LCAP VA ETF
$49.2M
21.0% of stocks
+3%This quarter—Since filed—HeldAIQuality—Est. buy— $41.9M
17.9% of stocks
-0.7%This quarter+2.9%Since filed10+ qtrsHeld- 4
Vanguard Large-Cap ETF - LARGE CAP ETF
$19.7M
8.4% of stocks
+0.3%This quarter—Since filed—HeldAIQuality—Est. buy— - 5
State Street SPDR Port S&P 500 Val ETF - ST STR P500VAL
$19.6M
8.4% of stocks
+4%This quarter—Since filed—HeldAIQuality—Est. buy— $5.1M
2.2% of stocks
No changeThis quarter+2.7%Since filed10+ qtrsHeld$4.5M
1.9% of stocks
No changeThis quarter-3.3%Since filed4 qtrsHeld$4.0M
1.7% of stocks
+0.3%This quarter+6.9%Since filed10+ qtrsHeld$2.9M
1.2% of stocks
-1%This quarter+39.6%Since filed10+ qtrsHeld$2.0M
0.8% of stocks
+0.5%This quarter-1.1%Since filed10+ qtrsHeld
| # | Company | Value | Weight | This quarter | Since filed | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Schwab U.S. Large-Cap Growth ETF - US LCAP GR ETF | $60.2M | 25.7% | +1% | — | — | — | — | |
| 2 | Schwab US Large-Cap Value ETF - US LCAP VA ETF | $49.2M | 21.0% | +3% | — | — | — | — | |
| 3 | $41.9M | 17.9% | -0.7% | +2.9% | 10+ qtrs | — | Estimated buy price is Pro: unlock with a free trial | ||
| 4 | Vanguard Large-Cap ETF - LARGE CAP ETF | $19.7M | 8.4% | +0.3% | — | — | — | — | |
| 5 | State Street SPDR Port S&P 500 Val ETF - ST STR P500VAL | $19.6M | 8.4% | +4% | — | — | — | — | |
| 6 | $5.1M | 2.2% | No change | +2.7% | 10+ qtrs | 69.2#265 | Estimated buy price is Pro: unlock with a free trial | ||
| 7 | $4.5M | 1.9% | No change | -3.3% | 4 qtrs | 67.9#334 | Estimated buy price is Pro: unlock with a free trial | ||
| 8 | $4.0M | 1.7% | +0.3% | +6.9% | 10+ qtrs | 75.7#88 | Estimated buy price is Pro: unlock with a free trial | ||
| 9 | $2.9M | 1.2% | -1% | +39.6% | 10+ qtrs | 79.8#30 | Estimated buy price is Pro: unlock with a free trial | ||
| 10 | $2.0M | 0.8% | +0.5% | -1.1% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | Estimated buy price is Pro: unlock with a free trial |
All holdings — Northern Capital Management, Inc. (Q2 2026)
55 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | AMAZON COM INC | Consumer Discretionary | $1.9M | 0.8% | 7,889 | -2% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | — | State Street SPDR DJIA ETF - UT SER 1etf/fund | — | $1.7M | 0.7% | 3,234 | — | — | — | 13F |
| 13 | NVIDIA CORP | Technology | $1.5M | 0.6% | 7,289 | +0.5% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | Alphabet Inc. | Technology | $1.4M | 0.6% | 4,067 | +1% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | COSTCO WHOLESALE CORP /NEW | Consumer Staples | $1.1M | 0.5% | 1,216 | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | — | Vanguard S&P 500 ETF - S&P 500 ETF SHSetf/fund | — | $1.1M | 0.5% | 1,634 | +0.4% | — | — | 13F |
| 17 | CHEVRON CORP | Energy | $1.1M | 0.5% | 6,489 | +70% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | MICRON TECHNOLOGY INC | Technology | $984K | 0.4% | 852 | +21% | 3 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | — | Vanguard Total Stock Market ETF - TOTAL STK MKTetf/fund | — | $835K | 0.4% | 2,256 | -2% | — | — | 13F |
| 20 | — | Schwab U.S. Broad Market ETF - US BRD MKT ETFetf/fund | — | $829K | 0.3% | 29K | -2% | — | — | 13F |
| 21 | — | VanEck Semiconductor ETF - SEMICONDUCTR ETFetf/fund | — | $673K | 0.3% | 1,025 | +1% | — | — | 13F |
| 22 | Alphabet Inc. | Technology | $610K | 0.3% | 1,707 | -0.5% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | — | Vanguard FTSE All-World ex-US ETF - ALLWRLD EX USetf/fund | — | $599K | 0.3% | 7,148 | — | — | — | 13F |
| 24 | EXXON MOBIL CORP | Energy | $567K | 0.2% | 4,146 | +0.3% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | Aon plc | Financials | $560K | 0.2% | 1,688 | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | — | Vanguard REIT Index ETF - REAL ESTATE ETF | — | $462K | 0.2% | 4,788 | — | |||
| 27 | $JPM | JPMORGAN CHASE & CO | Financials | $460K | 0.2% | 1,404 | — | |||
| 28 | $SBUX | STARBUCKS CORP | Consumer Discretionary | $454K | 0.2% | 4,447 | — | |||
| 29 | $CMI | CUMMINS INC | Industrials | $437K | 0.2% | 612 | — | |||
| 30 | $CAT | CATERPILLAR INC | Industrials | $433K | 0.2% | 406 | — | |||
| 31 | $BA | BOEING CO | Industrials | $431K | 0.2% | 1,992 | — | |||
| 32 | $ASML | ASML HOLDING NV | Technology | $425K | 0.2% | 213 | +11% | |||
| 33 | $ABBV | AbbVie Inc. | Healthcare | $421K | 0.2% | 1,673 | — | |||
| 34 | $META | Meta Platforms, Inc. | Technology | $396K | 0.2% | 703 | +5% | |||
| 35 | — | iShares Morningstar Mid-Cap Growth ETF - MRGSTR MD CP GRW | — | $381K | 0.2% | 3,880 | — | |||
| 36 | — | Schwab US Mid-Cap ETF - US MID-CAP ETF | — | $381K | 0.2% | 10K | -59% | |||
| 37 | $UNH | UNITEDHEALTH GROUP INC | Healthcare | $353K | 0.1% | 849 | -0.1% | |||
| 38 | $V | VISA INC. | Financials | $344K | 0.1% | 1,003 | — | |||
| 39 | — | ProShares UltraPro QQQ - ULTRAPRO QQQ | — | $343K | 0.1% | 4,236 | New | |||
| 40 | $CEF | Sprott Physical Gold & Silver Trust | Financials | $337K | 0.1% | 8,380 | — | |||
| 41 | $IBM | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $327K | 0.1% | 1,163 | +0.1% | |||
| 42 | — | Vanguard Total International Stock ETF - VG TL INTL STK F | — | $321K | 0.1% | 3,752 | +0.2% | |||
| 43 | — | ISHARES ESG ADVANCED MSCI USA ETF - ESG MSCI USA ETF | — | $309K | 0.1% | 4,455 | — | |||
| 44 | $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | Technology | $300K | 0.1% | 628 | New | |||
| 45 | $BRK.B | BERKSHIRE HATHAWAY INC | Financials | $293K | 0.1% | 585 | -64% | |||
| 46 | $LLY | ELI LILLY & Co | Healthcare | $286K | 0.1% | 238 | — | |||
| 47 | — | iShares Core S&P Total US Stock Mkt ETF - CORE S&P TTL STK | — | $279K | 0.1% | 1,696 | — | |||
| 48 | $EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | Energy | $276K | 0.1% | 7,502 | +0.2% | |||
| 49 | $WT | WisdomTree, Inc. | Financials | $261K | 0.1% | 2,714 | — | |||
| 50 | $WFC | WELLS FARGO & COMPANY/MN | Financials | $255K | 0.1% | 3,084 | — | |||
| 51 | $AVGO | Broadcom Inc. | Technology | $240K | 0.1% | 636 | -40% | |||
| 52 | $TSLA | Tesla, Inc. | Consumer Discretionary | $225K | 0.1% | 534 | New | |||
| 53 | — | Vanguard ESG US Stock ETF - ESG US STK ETF | — | $212K | 0.1% | 1,601 | New | |||
| 54 | $APH | AMPHENOL CORP /DE/ | Technology | $212K | 0.1% | 1,200 | New | |||
| 55 | $COP | CONOCOPHILLIPS | Energy | $206K | 0.1% | 1,978 | — |
What changed in Q2 2026
Against the previous quarter's 13F: 5 new, 18 added to, 10 trimmed, 1 sold out. Share-count changes; largest moves by dollar size first.
New positions (5)
- ProShares UltraPro QQQ - ULTRAPRO QQQ$343K
first bought this quarter
$TSMTAIWAN SEMICONDUCTOR MANUFACTURING CO LTD$300K
first bought this quarter
$TSLATesla, Inc.$225K
first bought this quarter
- Vanguard ESG US Stock ETF - ESG US STK ETF$212K
first bought this quarter
$APHAMPHENOL CORP /DE/$212K
first bought this quarter
Added to (18)
- Schwab US Large-Cap Value ETF - US LCAP VA ETF+3%
now $49.2M
- State Street SPDR Port S&P 500 Val ETF - ST STR P500VAL+4%
now $19.6M
- Schwab U.S. Large-Cap Growth ETF - US LCAP GR ETF+1%
now $60.2M
now $1.1M · held 10+ qtrs
now $984K · held 3 qtrs
- Vanguard Large-Cap ETF - LARGE CAP ETF+0.3%
now $19.7M
+12 more in the Excel export
Trimmed (10)
- Schwab US Mid-Cap ETF - US MID-CAP ETF-59%
now $381K
$BRK.BBERKSHIRE HATHAWAY INC-64%
now $293K · held 10+ qtrs, 2 trims in a row
now $41.9M · held 10+ qtrs
$AVGOBroadcom Inc.-40%
now $240K · held 5 qtrs
now $1.9M · held 10+ qtrs
now $2.9M · held 10+ qtrs
+4 more in the Excel export
Sold out (1)
$GLDSPDR GOLD TRUSTwas $263K
held 4 qtrs
Holdings by quarter
Every 13F Northern Capital Management, Inc. has filed, 22 earlier quarters. Pick one to see what it held then.
Is it too late to follow Northern Capital Management?
Q2 2026 13F filed with the SEC on Jul 23, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Northern Capital Management's top 20 holdings: 71/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)
Top 10 since filing
+4.3%
Value-weighted move of the 10 largest stock positions
Turnover
1%
Last quarter; 10% over the last 4
Top 10 weight
89%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
95%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Northern Capital Management, Inc. disclosed 55 positions worth $234.5M in its Form 13F-HR for Q2 2026. During the quarter the fund opened 5 new positions and exited 1 and a full exit from $GLD. The portfolio is most concentrated in Other (84.8% of disclosed assets). All figures are sourced directly from Northern Capital Management, Inc.’s Form 13F-HR filing with the SEC under CIK 1581794.
Funds like this
managers whose biggest positions overlap Northern Capital Management'sBrowse Top Institutional Investors
13F Pro tracks 8,700+ institutional investors filing 13F reports with the SEC.
to search all 8,700+ institutional filers.
AI-Powered Hedge Fund Analysis: Northern Capital Management, Inc.
13F Pro is an AI hedge fund tracker and stock research platform. For Northern Capital Management, Inc. (SEC CIK: 1581794), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in Northern Capital Management, Inc.'s portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.