Northern Capital Management, Inc.
Reported holdings as of Q2 2026, from 23 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| SCHWAB STRATEGIC TR | SCHG | $111.4M | 3,535,679 | +0.04pp | 23q | +100.8%+$55.9M | |
| SCHWAB STRATEGIC TR | SCHV | $90.7M | 2,774,542 | +0.07pp | 23q | +102.9%+$46.0M | |
| INVESCO QQQ TR | QQQ | $74.8M | 113,905 | +0.73pp | 23q | +99.0%+$37.2M | |
| SPDR SERIES TRUST | SPYV | $37.1M | 631,898 | -0.24pp | 6q | +103.3%+$18.9M | |
| VANGUARD INDEX FDS | VV | $36.6M | 113,690 | -0.09pp | 23q | +99.5%+$18.2M | |
| JOHNSON & JOHNSON | JNJ | $10.0M | 39,983 | -0.15pp | 23q | +100.0%+$5.0M | |
| GLACIER BANCORP INC NEW | GBCI | $8.4M | 174,324 | -0.01pp | 4q | +100.0%+$4.2M | |
| APPLE INC | AAPL | $7.5M | 27,582 | -0.02pp | 23q | +100.3%+$3.8M | |
| MICROSOFT CORP | MSFT | $5.7M | 15,447 | -0.12pp | 23q | +97.5%+$2.8M | |
| FIRST INTST BANCSYSTEM INC | FIBK | $3.7M | 102,926 | flat | 23q | +100.5%+$1.9M | |
| AMAZON COM INC | AMZN | $3.5M | 15,691 | -0.03pp | 23q | +94.0%+$1.7M | |
| STATE STR SPDR DOW JONES IND | DIA | $3.2M | 6,468 | -0.01pp | 23q | +100.0%+$1.6M | |
| NVIDIA CORPORATION | NVDA | $2.7M | 14,542 | flat | 11q | +100.5%+$1.4M | |
| ALPHABET INC | GOOG | $2.6M | 8,084 | +0.02pp | 14q | +101.2%+$1.3M | |
| COSTCO WHOLESALE CORPORATION | COST | $2.3M | 2,431 | -0.06pp | 23q | +99.9%+$1.2M | |
| VANGUARD INDEX FDS | VOO | $2.1M | 3,259 | flat | 11q | +100.3%+$1.0M | |
| CHEVRON CORPORATION | CVX | $1.9M | 10,311 | +0.04pp | 23q | +169.8%+$1.2M | |
| VANGUARD INDEX FDS | VTI | $1.6M | 4,564 | -0.01pp | 23q | +97.7%+$778.5K | |
| SCHWAB STRATEGIC TR | SCHB | $1.6M | 57,745 | -0.01pp | 23q | +98.3%+$773.3K | |
| EXXON MOBIL CORP | XOMXXXX | $1.3M | 8,277 | -0.06pp | 23q | +100.3%+$634.9K | |
| MICRON TECHNOLOGY INC | MU | $1.2M | 1,554 | +0.16pp | 3q | +121.4%+$669.6K | |
| SCHWAB STRATEGIC TR | SCHM | $1.2M | 35,338 | -0.12pp | 23q | +41.3%+$337.7K | |
| VANGUARD INTL EQUITY INDEX F | VEU | $1.1M | 14,296 | -0.01pp | 14q | +100.0%+$567.7K | |
| AON PLC | AON | $1.1M | 3,376 | -0.02pp | 23q | +100.0%+$552.4K | |
| ALPHABET INC | GOOGL | $1.1M | 3,422 | +0.01pp | 10q | +99.5%+$550.4K | |
| VANECK ETF TRUST | SMH | $1.1M | 2,035 | +0.05pp | 4q | +101.5%+$533.8K | |
| VANGUARD INDEX FDS | VNQ | $886.4K | 9,576 | -0.01pp | 23q | +100.0%+$443.2K | |
| JPMORGAN CHASE & CO | JPM | $873.0K | 2,808 | -0.01pp | 23q | +100.0%+$436.5K | |
| STARBUCKS CORP | SBUX | $852.8K | 8,894 | flat | 23q | +100.0%+$426.4K | |
| BOEING CO | BA | $827.7K | 3,984 | -0.01pp | 15q | +100.0%+$413.8K | |
| ABBVIE INC | ABBV | $784.8K | 3,345 | flat | 19q | +99.9%+$392.3K | |
| META PLATFORMS INC | META | $780.1K | 1,373 | -0.01pp | 11q | +104.6%+$398.9K | |
| CUMMINS INC | CMI | $765.9K | 1,224 | +0.01pp | 5q | +100.0%+$383.0K | |
| SPROTT ASSET MANAGEMENT LP | CEF | $737.0K | 16,760 | -0.03pp | 6q | +100.0%+$368.5K | |
| CATERPILLAR INC | CAT | $720.5K | 812 | +0.02pp | 3q | +100.0%+$360.2K | |
| ISHARES TR | IMCG | $687.0K | 7,760 | +0.01pp | 10q | +100.0%+$343.5K | |
| ASML HLDG NV | ASML | $678.3K | 405 | +0.03pp | 3q | +110.9%+$356.8K | |
| VISA INC | V | $647.7K | 2,006 | flat | 3q | +100.0%+$323.9K | |
| VANGUARD STAR FDS | VXUS | $609.5K | 7,496 | flat | 2q | +100.2%+$305.1K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $608.8K | 2,325 | flat | 8q | +100.1%+$304.5K | |
| UNITEDHEALTH GROUP INC | UNH | $583.0K | 1,698 | +0.02pp | 3q | +99.8%+$291.2K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $573.1K | 1,170 | -0.26pp | 10q | -28.6%-$229.2K | |
| ENTERPRISE PRODS PARTNERS L | EPD | $559.1K | 14,990 | -0.01pp | 10q | +100.2%+$279.8K | |
| ISHARES TR | USXF | $555.3K | 8,910 | +0.01pp | 9q | +100.0%+$277.7K | |
| ISHARES TR | ITOT | $520.2K | 3,392 | flat | 9q | +100.0%+$260.1K | |
| ELI LILLY & CO | LLY | $504.9K | 476 | +0.01pp | 3q | +100.0%+$252.5K | |
| WISDOMTREE TR | DLN | $503.9K | 5,428 | -0.01pp | 8q | +100.0%+$251.9K | |
| WELLS FARGO & CO | WFC | $500.4K | 6,168 | -0.01pp | 7q | +100.0%+$250.2K | |
| CONOCOPHILLIPS | COP | $466.7K | 3,955 | -0.02pp | 2q | +99.9%+$233.3K | |
| PROSHARES TR | TQQQ | $343.1K | 4,236 | - | new | NEW | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $300.3K | 628 | - | new | NEW | |
| SPDR GOLD TR | GLD | $263.3K | 612 | -0.07pp | 5q | HELD | |
| BROADCOM INC | AVGO | $240.3K | 636 | -0.11pp | 5q | -39.8%-$158.7K | |
| TESLA INC | TSLA | $224.6K | 534 | - | new | NEW | |
| VANGUARD WORLD FD | ESGV | $211.7K | 1,601 | - | new | NEW | |
| AMPHENOL CORP | APH | $211.6K | 1,200 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Funds & ETFs | $78.0M | 18.0% |
| Banks & Lending | $13.5M | 3.1% |
| Biotech & Pharma | $11.3M | 2.6% |
| Software & IT Services | $10.2M | 2.4% |
| Computer Hardware | $8.1M | 1.9% |
| Retail & Consumer | $6.7M | 1.6% |
| Other sectors | $14.7M | 3.4% |
| Not classified | $289.9M | 67.1% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $432.4M | 56 | 5 | 48 | 2 | 0 | 89.2% | 21 |
| Q1 2026 | $199.5M | 51 | 2 | 13 | 9 | 3 | 89.0% | 43 |
| Q4 2025 | $189.3M | 52 | 6 | 17 | 8 | 0 | 88.1% | 34 |
| Q3 2025 | $184.3M | 46 | 3 | 11 | 8 | 1 | 89.0% | 37 |
| Q2 2025 | $170.0M | 44 | 3 | 10 | 7 | 2 | 88.8% | 29 |
| Q1 2025 | $153.4M | 43 | 4 | 11 | 7 | 1 | 88.9% | 39 |
| Q4 2024 | $163.1M | 40 | 2 | 10 | 10 | 3 | 90.5% | 41 |
| Q3 2024 | $158.3M | 41 | 3 | 11 | 9 | 1 | 90.3% | 43 |
| Q2 2024 | $149.8M | 39 | 4 | 10 | 10 | 2 | 90.9% | 43 |
| Q1 2024 | $143.3M | 37 | 7 | 20 | 5 | 1 | 91.2% | 40 |
| Q4 2023 | $111.8M | 31 | 3 | 8 | 9 | 8 | 91.8% | 44 |
| Q3 2023 | $107.1M | 36 | 0 | 5 | 15 | 5 | 87.1% | 27 |
| Q2 2023 | $131.5M | 41 | 2 | 11 | 12 | 1 | 81.7% | 27 |
| Q1 2023 | $116.7M | 40 | 3 | 12 | 4 | 3 | 80.1% | 38 |
| Q4 2022 | $104.1M | 40 | 6 | 5 | 15 | 0 | 79.9% | 38 |
| Q3 2022 | $97.7M | 34 | 2 | 9 | 1 | 5 | 83.6% | 24 |
| Q2 2022 | $102.7M | 37 | 0 | 7 | 17 | 5 | 83.6% | 33 |
| Q1 2022 | $122.2M | 42 | 2 | 19 | 10 | 4 | 81.8% | 26 |
| Q4 2021 | $125.4M | 44 | 4 | 16 | 7 | 0 | 82.6% | 13 |
| Q3 2021 | $117.0M | 40 | 0 | 20 | 4 | 2 | 83.6% | 13 |
| Q2 2021 | $117.7M | 42 | 2 | 18 | 11 | 2 | 84.3% | 16 |
| Q1 2021 | $110.0M | 42 | 2 | 10 | 11 | 0 | 82.3% | 34 |
| Q4 2020 | $102.8M | 40 | 0 | 0 | 0 | 0 | 82.6% | 42 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.