# Northland Capital Management LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1693032. Source: https://holderbook.com/funds/1693032-northland-capital-management-llc/

- Reported value: $185.5M
- Positions: 30
- Weight of the ten largest: 75.0%
- Filed: 2026-07-21

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 |
|---|---|---|---|---|---|
| BONDBLOXX ETF TRUST | [XTEN](https://holderbook.com/stocks/XTEN/) | $26.9M | 590,565 | 14.5% | 2 |
| SCHWAB STRATEGIC TR | [FNDX](https://holderbook.com/stocks/FNDX/) | $18.9M | 608,030 | 10.2% | 19 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $16.8M | 164,032 | 9.0% | 15 |
| AMERICAN CENTY ETF TR | [AVLV](https://holderbook.com/stocks/AVLV/) | $15.5M | 169,703 | 8.3% | 13 |
| FIDELITY MERRIMACK STR TR | [FAAA](https://holderbook.com/stocks/FAAA/) | $12.1M | 241,451 | 6.5% | 1 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $11.5M | 31,100 | 6.2% | 17 |
| ISHARES TR | [GNMA](https://holderbook.com/stocks/GNMA/) | $10.9M | 247,196 | 5.9% | 11 |
| AMERICAN CENTY ETF TR | [AVIV](https://holderbook.com/stocks/AVIV/) | $9.8M | 125,979 | 5.3% | 16 |
| SCHWAB STRATEGIC TR | [FNDF](https://holderbook.com/stocks/FNDF/) | $9.6M | 181,790 | 5.2% | 19 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $7.1M | 57,266 | 3.9% | 12 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $5.9M | 82,608 | 3.2% | 17 |
| SCHWAB STRATEGIC TR | [FNDA](https://holderbook.com/stocks/FNDA/) | $5.5M | 144,466 | 3.0% | 12 |
| DIMENSIONAL ETF TRUST | [DFSU](https://holderbook.com/stocks/DFSU/) | $4.3M | 93,107 | 2.3% | 13 |
| AMERICAN CENTY ETF TR | [AVSU](https://holderbook.com/stocks/AVSU/) | $3.9M | 44,191 | 2.1% | 16 |
| AMERICAN CENTY ETF TR | [AVES](https://holderbook.com/stocks/AVES/) | $3.9M | 59,145 | 2.1% | 16 |
| SCHWAB STRATEGIC TR | [FNDE](https://holderbook.com/stocks/FNDE/) | $3.7M | 92,131 | 2.0% | 19 |
| ISHARES TR | [SUSB](https://holderbook.com/stocks/SUSB/) | $3.0M | 120,212 | 1.6% | 7 |
| DIMENSIONAL ETF TRUST | [DFSI](https://holderbook.com/stocks/DFSI/) | $2.2M | 48,027 | 1.2% | 13 |
| AMERICAN CENTY ETF TR | [AVSD](https://holderbook.com/stocks/AVSD/) | $2.1M | 26,832 | 1.2% | 16 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.9M | 32,602 | 1.0% | 13 |
| AMERICAN CENTY ETF TR | [AVDV](https://holderbook.com/stocks/AVDV/) | $1.8M | 17,112 | 1.0% | 16 |
| SCHWAB STRATEGIC TR | [FNDC](https://holderbook.com/stocks/FNDC/) | $1.7M | 35,078 | 0.9% | 12 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $1.7M | 12,753 | 0.9% | 15 |
| VANGUARD WORLD FD | [VSGX](https://holderbook.com/stocks/VSGX/) | $1.4M | 17,437 | 0.8% | 19 |
| ISHARES TR | [ESML](https://holderbook.com/stocks/ESML/) | $915.5K | 16,369 | 0.5% | 19 |
| AMERICAN CENTY ETF TR | [AVSE](https://holderbook.com/stocks/AVSE/) | $726.2K | 8,873 | 0.4% | 16 |
| DIMENSIONAL ETF TRUST | [DFSE](https://holderbook.com/stocks/DFSE/) | $705.8K | 14,439 | 0.4% | 13 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $436.4K | 4,055 | 0.2% | 17 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $380.7K | 7,527 | 0.2% | 15 |
| CLEVELAND-CLIFFS INC NEW | [CLF](https://holderbook.com/stocks/CLF/) | $230.8K | 24,576 | 0.1% | 2 |

## 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 | +7.2% | +14.8% | -7.6% | 100% |
| Q1 2026 | +1.5% | -4.6% | +6.1% | 100% |
| Q4 2025 | +2.0% | +2.4% | -0.3% | 100% |
| Q3 2025 | +4.7% | +7.8% | -3.1% | 100% |
| Q2 2025 | +4.8% | +10.5% | -5.7% | 100% |
| Q1 2025 | +0.5% | -4.6% | +5.1% | 98% |
| Q4 2024 | -2.7% | +2.1% | -4.8% | 100% |
| Q3 2024 | +5.4% | +5.4% | +0.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $185.5M | 30 |
| Q1 2026 | $182.9M | 31 |
| Q4 2025 | $178.5M | 30 |
| Q3 2025 | $171.0M | 30 |
| Q2 2025 | $162.4M | 31 |
| Q1 2025 | $147.8M | 31 |
| Q4 2024 | $134.8M | 31 |
| Q3 2024 | $174.7M | 31 |
| Q2 2024 | $142.9M | 30 |
| Q1 2024 | $142.9M | 31 |
| Q4 2023 | $149.6M | 32 |
| Q3 2023 | $147.7M | 32 |