# NORTHLAND SECURITIES, INC.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1006938. Source: https://holderbook.com/funds/1006938-northland-securities-inc/

- Reported value: $171.7M
- Positions: 117
- Weight of the ten largest: 56.7%
- Filed: 2026-08-04

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $32.8M | 44,538 | 19.1% | 1 |
| J P MORGAN EXCHANGE TRADED F | [JPIE](https://holderbook.com/stocks/JPIE/) | $18.3M | 397,103 | 10.7% | 3 |
| LAZARD ACTIVE ETF TR | [IDEQ](https://holderbook.com/stocks/IDEQ/) | $14.5M | 412,738 | 8.4% | 1 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $6.1M | 32,091 | 3.6% | 3 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $6.0M | 7,953 | 3.5% | 3 |
| ISHARES TR | [IXN](https://holderbook.com/stocks/IXN/) | $5.0M | 34,721 | 2.9% | 3 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $3.9M | 73,048 | 2.3% | 3 |
| ISHARES TR | [IXC](https://holderbook.com/stocks/IXC/) | $3.8M | 78,141 | 2.2% | 3 |
| ISHARES TR | [KXI](https://holderbook.com/stocks/KXI/) | $3.6M | 54,033 | 2.1% | 3 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $3.3M | 39,424 | 1.9% | 3 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $3.2M | 23,438 | 1.9% | 3 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $3.1M | 4,250 | 1.8% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.0M | 10,482 | 1.8% | 3 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $2.7M | 4,145 | 1.5% | 3 |
| BLACKROCK ETF TRUST | [DYNF](https://holderbook.com/stocks/DYNF/) | $2.4M | 35,659 | 1.4% | 3 |
| BLACKROCK ETF TRUST | [BAI](https://holderbook.com/stocks/BAI/) | $2.3M | 43,375 | 1.3% | 3 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $2.2M | 10,001 | 1.3% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.0M | 8,585 | 1.2% | 3 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $2.0M | 8,736 | 1.2% | 3 |
| SPDR SERIES TRUST | [XAR](https://holderbook.com/stocks/XAR/) | $1.6M | 5,755 | 1.0% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.5M | 3,006 | 0.9% | 3 |
| AMPLIFY ETF TR | [HACK](https://holderbook.com/stocks/HACK/) | $1.5M | 14,301 | 0.9% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.4M | 6,776 | 0.8% | 3 |
| ISHARES TR | [IUSB](https://holderbook.com/stocks/IUSB/) | $1.3M | 28,385 | 0.8% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.2M | 3,200 | 0.7% | 3 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $1.2M | 14,199 | 0.7% | 3 |
| ISHARES TR | [ITA](https://holderbook.com/stocks/ITA/) | $1.2M | 4,850 | 0.7% | 3 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $1.2M | 4,658 | 0.7% | 3 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $1.2M | 15,211 | 0.7% | 3 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $1.1M | 7,900 | 0.7% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.1M | 2,995 | 0.7% | 3 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $1.0M | 19,004 | 0.6% | 3 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $1.0M | 4,641 | 0.6% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $993.8K | 1,062 | 0.6% | 3 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $942.9K | 4,700 | 0.5% | 3 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $895.1K | 3,501 | 0.5% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $893.9K | 1,197 | 0.5% | 3 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $884.6K | 7,110 | 0.5% | 3 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $855.7K | 2,496 | 0.5% | 3 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $840.1K | 3,289 | 0.5% | 3 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $831.3K | 7,077 | 0.5% | 3 |
| BLACKROCK ETF TRUST | [THRO](https://holderbook.com/stocks/THRO/) | $803.4K | 18,635 | 0.5% | 3 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $793.9K | 1,910 | 0.5% | 3 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $652.7K | 928 | 0.4% | 3 |
| ISHARES TR | [OEF](https://holderbook.com/stocks/OEF/) | $644.3K | 1,761 | 0.4% | 3 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $638.8K | 8,966 | 0.4% | 3 |
| CARPENTER TECHNOLOGY CORP | [CRS](https://holderbook.com/stocks/CRS/) | $616.8K | 1,000 | 0.4% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $607.5K | 1,700 | 0.4% | 3 |
| ISHARES TR | [IHF](https://holderbook.com/stocks/IHF/) | $597.7K | 10,802 | 0.3% | 3 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $527.9K | 1,757 | 0.3% | 3 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $521.5K | 1,240 | 0.3% | 3 |
| ZIMMER BIOMET HOLDINGS INC | [ZBH](https://holderbook.com/stocks/ZBH/) | $516.5K | 6,000 | 0.3% | 3 |
| INVESCO DB COMMDY INDX TRCK | [DBC](https://holderbook.com/stocks/DBC/) | $484.0K | 18,153 | 0.3% | 3 |
| SPDR SERIES TRUST | [SPTI](https://holderbook.com/stocks/SPTI/) | $473.8K | 16,688 | 0.3% | 3 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $472.6K | 7,825 | 0.3% | 3 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $469.4K | 6,000 | 0.3% | 1 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $442.2K | 1,975 | 0.3% | 1 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $436.6K | 1,975 | 0.3% | 1 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $435.6K | 1,301 | 0.3% | 3 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $424.7K | 3,590 | 0.2% | 3 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $418.6K | 4,860 | 0.2% | 3 |
| ISHARES TR | [REET](https://holderbook.com/stocks/REET/) | $418.6K | 15,157 | 0.2% | 2 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $415.7K | 3,563 | 0.2% | 3 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $399.6K | 630 | 0.2% | 3 |
| ATI INC | [ATI](https://holderbook.com/stocks/ATI/) | $394.2K | 2,000 | 0.2% | 3 |
| ISHARES TR | [TLH](https://holderbook.com/stocks/TLH/) | $394.1K | 3,927 | 0.2% | 1 |
| SPDR SERIES TRUST | [KRE](https://holderbook.com/stocks/KRE/) | $377.1K | 5,038 | 0.2% | 3 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $375.1K | 916 | 0.2% | 2 |
| ETFS GOLD TR | [SGOL](https://holderbook.com/stocks/SGOL/) | $373.4K | 9,766 | 0.2% | 3 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $364.9K | 3,861 | 0.2% | 3 |
| ALLIANCEBERNSTEIN HLDG L P | [AB](https://holderbook.com/stocks/AB/) | $352.2K | 10,000 | 0.2% | 3 |
| FULLER H B CO | [FUL](https://holderbook.com/stocks/FUL/) | $349.7K | 6,000 | 0.2% | 3 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $346.8K | 3,603 | 0.2% | 3 |
| EVERGY INC | [EVRG](https://holderbook.com/stocks/EVRG/) | $334.7K | 3,873 | 0.2% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $332.1K | 940 | 0.2% | 3 |
| OPPFI INC | [OPFI](https://holderbook.com/stocks/OPFI/) | $332.0K | 33,433 | 0.2% | 1 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $331.9K | 3,075 | 0.2% | 3 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $328.7K | 2,902 | 0.2% | 3 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $319.5K | 550 | 0.2% | 1 |
| CAPITAL GROUP DIVIDEND VALUE | [CGDV](https://holderbook.com/stocks/CGDV/) | $313.5K | 6,361 | 0.2% | 3 |
| BLACKROCK ETF TRUST | [LCTU](https://holderbook.com/stocks/LCTU/) | $312.5K | 3,898 | 0.2% | 3 |
| CAPITAL GROUP GROWTH ETF | [CGGR](https://holderbook.com/stocks/CGGR/) | $308.9K | 6,545 | 0.2% | 3 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $305.8K | 3,700 | 0.2% | 3 |
| CAPITAL GRP FIXED INCM ETF T | [CGMS](https://holderbook.com/stocks/CGMS/) | $304.9K | 11,158 | 0.2% | 3 |
| HUNTINGTON BANCSHARES INC | [HBAN](https://holderbook.com/stocks/HBAN/) | $297.9K | 16,800 | 0.2% | 3 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $285.6K | 4,000 | 0.2% | 3 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $281.8K | 5,745 | 0.2% | 1 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $281.6K | 3,325 | 0.2% | 3 |
| ENCORE CAP GROUP INC | [ECPG](https://holderbook.com/stocks/ECPG/) | $279.9K | 3,000 | 0.2% | 2 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $271.0K | 725 | 0.2% | 3 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $268.3K | 2,928 | 0.2% | 3 |
| AMERICAN PUB ED INC | [APEI](https://holderbook.com/stocks/APEI/) | $255.9K | 4,765 | 0.1% | 2 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $255.3K | 4,521 | 0.1% | 3 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $252.4K | 1,845 | 0.1% | 3 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $252.1K | 4,425 | 0.1% | 3 |
| ISHARES TR | [USXF](https://holderbook.com/stocks/USXF/) | $246.9K | 3,555 | 0.1% | 3 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $246.6K | 2,374 | 0.1% | 3 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $246.1K | 5,813 | 0.1% | 1 |
| J P MORGAN EXCHANGE TRADED F | [JPEF](https://holderbook.com/stocks/JPEF/) | $244.8K | 3,048 | 0.1% | 3 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $241.9K | 4,780 | 0.1% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +13.5% | +14.8% | -1.4% | 100% |
| Q1 2026 | +0.5% | -4.6% | +5.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $171.7M | 117 |
| Q1 2026 | $105.0M | 107 |
| Q4 2025 | $104.3M | 110 |