Northcape Wealth Management, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 31, 2025), Northcape Wealth Management, LLC reported 131 stock positions worth $309.2 million. Its top holding was SPDR Gold Shares (GLD) at 6.1% of the portfolio, followed by Janus Henderson Aaa Clo ETF (JAAA, 5.0%) and Ishr Ibx Usd Invgd CB ETF-Ui (LQD, 4.5%). Compared with Q3 2024, it opened 6 new positions, sold out of 5, added to 29 and reduced 64. The biggest buy was Janus Henderson Aaa Clo ETF (JAAA, shares +50%) and the biggest sale Amgen (AMGN, shares −71%).

Most Recent 13F
Q2 2026
Location
WILLIAMSVILLE, NY
CIK
0001902806
Portfolio Value
$309.2M (Q4 2024)
SEC Filing
0001902806-25-000001 ↗ filed Jan 31, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $274.3M Q1 2024 Q2 2024: $277.5M Q2 2024 Q3 2024: $305.3M Q3 2024 Q4 2024: $309.2M $309.2M Q4 2024 Q1 2025: $309.5M Q1 2025 Q2 2025: $327.6M Q2 2025 Q3 2025: $342.5M Q3 2025 Q4 2025: $353.6M Q4 2025 Q1 2026: $366.7M Q1 2026 Q2 2026: $381.1M Q2 2026

Holdings 131 stocks · $309.2M
GLD SPDR Gold Shares 6.09% 77,800 $18.8M Add +4.1%
JAAA Janus Henderson Aaa Clo ETF 4.99% 304,455 $15.4M Add +49.7%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 4.46% 128,979 $13.8M Reduce -0.6%
IEFA iShares Core MSCI Eafe ETF 3.53% 155,106 $10.9M Add +2.5%
AAPL Apple Inc. 3.32% 40,986 $10.3M Reduce -0.5%
KMI Kinder Morgan Inc. 2.87% 324,185 $8.9M Reduce -6.6%
IQLT iShares MSCI International Q 2.86% 238,213 $8.8M Add +1.7%
MSFT Microsoft Corp. 2.50% 18,347 $7.7M Reduce -1.1%
VO Vngrd Mrngstr MD-Cap ETF-Usd 2.15% 25,205 $6.7M Reduce -0.6%
WMT Walmart Inc. 2.11% 72,255 $6.5M Reduce -2.1%
COST Costco Wholesale Corp. 1.99% 6,704 $6.1M Reduce -0.7%
PEP Pepsico Inc. 1.68% 34,092 $5.2M Reduce -0.1%
JBBB Janus Henderson B-BBB Clo Et 1.67% 104,767 $5.2M Add +553.5%
ANET Arista Networks Inc. 1.65% 46,244 $5.1M Reduce -0.4%
JPM JPMorgan Chase & Co. 1.57% 20,218 $4.8M Reduce -1.7%
ETN Eaton Corp. PLC 1.53% 14,293 $4.7M Reduce -2.1%
LLY Eli Lilly & Co. 1.52% 6,091 $4.7M Reduce -0.3%
ABT Abbott Laboratories 1.52% 41,502 $4.7M Reduce -0.5%
V Visa Inc. Class A 1.48% 14,451 $4.6M Reduce -0.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.42% 20,011 $4.4M Reduce -5.5%
EMR Emerson Electric Co. 1.39% 34,622 $4.3M Reduce -0.8%
GD General Dynamics Corp. 1.34% 15,737 $4.1M Reduce -0.0%
JNJ Johnson & Johnson 1.24% 26,486 $3.8M Add +11.9%
NEE Nextera Energy Inc. 1.22% 52,610 $3.8M Reduce -0.5%
GOOG Alphabet Inc. Class C 1.19% 19,387 $3.7M Reduce -1.8%
XOM Exxon Mobil Corp. 1.19% 34,086 $3.7M Add +5.3%
HII Huntington Ingalls Industrie 1.18% 19,275 $3.6M New
CL Colgate-Palmolive Co. 1.17% 39,691 $3.6M Reduce -0.0%
CSCO Cisco Systems Inc. 1.14% 59,337 $3.5M Reduce -0.1%
RTX RTX Corp. 1.14% 30,327 $3.5M Reduce -0.7%
AMZN Amazon.com Inc. 1.13% 15,993 $3.5M Add +1.6%
CB Chubb Ltd. 1.13% 12,648 $3.5M Add +7.8%
SYK Stryker Corp. 1.04% 8,934 $3.2M Reduce -1.0%
ADI Analog Devices Inc. 1.03% 15,032 $3.2M Reduce -0.5%
DE Deere & Co. 0.95% 6,930 $2.9M Reduce -8.3%
HD Home Depot Inc. 0.94% 7,446 $2.9M Reduce -0.5%
MCD McDonald's Corp. 0.91% 9,696 $2.8M Add +0.0%
KO The Coca-Cola Co. 0.89% 44,181 $2.8M Add +0.6%
ECL Ecolab Inc. 0.89% 11,731 $2.7M Reduce -0.7%
MRK Merck & Co. Inc. 0.86% 26,603 $2.6M Add +8.4%
BX Blackstone Inc. 0.85% 15,153 $2.6M Reduce -7.5%
HON Honeywell International Inc. 0.77% 10,599 $2.4M Add +12.6%
APD Air Products & Chemicals Inc. 0.77% 8,186 $2.4M Reduce -0.3%
BDX Becton Dickinson and Co. 0.72% 9,763 $2.2M Add +0.7%
STZ Constellation Brands Inc. Class A 0.71% 9,958 $2.2M Add +0.4%
UNH Unitedhealth Group Inc. 0.71% 4,345 $2.2M Add +0.9%
ROK Rockwell Automation Inc. 0.69% 7,452 $2.1M Add +0.3%
ACN Accenture PLC Class A 0.69% 6,032 $2.1M Add +0.6%
QCOM Qualcomm Inc. 0.67% 13,571 $2.1M No change
ABBV Abbvie Inc. 0.67% 11,587 $2.1M Reduce -8.6%
TXN Texas Instruments Inc. 0.66% 10,930 $2.0M Add +0.5%
MTB M & T Bank Corp. filed as M & T BK CORP 0.66% 10,810 $2.0M No change
BHP BHP Group Ltd.-Spon ADR 0.64% 40,684 $2.0M Reduce -3.2%
AMT American Tower Corp. 0.63% 10,562 $1.9M Reduce -0.6%
MS Morgan Stanley 0.62% 15,256 $1.9M Reduce -0.3%
MDT Medtronic PLC 0.62% 23,829 $1.9M Add +12.1%
ADP Automatic Data Processing 0.61% 6,416 $1.9M Add +0.3%
WWD Woodward Inc. 0.57% 10,583 $1.8M No change
ES Eversource Energy 0.57% 30,625 $1.8M Add +0.9%
PG The Procter & Gamble Co. 0.54% 10,027 $1.7M Reduce -0.5%
AXP American Express Co. 0.54% 5,580 $1.7M No change
VYM Vanguard High DVD Yield ETF 0.52% 12,517 $1.6M Reduce -0.4%
SPLV Invesco S&P 500 Low Volatili 0.49% 21,655 $1.5M Reduce -4.6%
DUK Duke Energy Corp. 0.48% 13,716 $1.5M Reduce -0.7%
MDLZ Mondelez International Inc. Class A 0.43% 22,488 $1.3M Reduce -17.4%
MA Mastercard Inc. Class A 0.42% 2,478 $1.3M No change
AWK American Water Works Co. Inc. 0.41% 10,227 $1.3M Reduce -27.5%
CHD Church & Dwight Co. Inc. 0.35% 10,323 $1.1M No change
AVGO Broadcom Inc. 0.32% 4,254 $986K Reduce -2.3%
DFS Discover Financial Services 0.32% 5,645 $978K No change
SCHW Schwab (charles) Corp. 0.28% 11,497 $851K No change
IGLD FT Vest Gold Strategy Target 0.27% 44,463 $839K Reduce -2.2%
NVS Novartis AG-Sponsored ADR 0.27% 8,570 $834K No change
IDV iShares International Select 0.27% 30,321 $830K Reduce -1.0%
NSC Norfolk Southern Corp. 0.25% 3,344 $785K Reduce -1.4%
FDX FedEx Corp. 0.25% 2,757 $776K No change
IAU iShares Gold Trust 0.25% 15,535 $769K No change
GS Goldman Sachs Group Inc. 0.23% 1,248 $715K No change
JNPR Juniper Networks Inc. 0.23% 18,863 $706K No change
AMP Ameriprise Financial Inc. 0.23% 1,317 $701K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.22% 1,180 $692K No change
AMGN Amgen Inc. 0.22% 2,594 $676K Reduce -70.7%
LMT Lockheed Martin Corp. 0.21% 1,360 $661K No change
NVDA Nvidia Corp. 0.21% 4,920 $661K Reduce -1.4%
INTC Intel Corp. 0.21% 32,175 $645K Reduce -3.0%
TAP Molson Coors Beverage Co. Class B 0.21% 11,236 $644K No change
BA The Boeing Co. 0.20% 3,479 $616K Reduce -1.0%
DEM Wisdomtree Emerging Markets 0.20% 15,039 $609K Reduce -6.9%
ORCL Oracle Corp. 0.20% 3,640 $607K Reduce -10.1%
BRK.B Berkshire Hathaway Inc. Class B 0.19% 1,305 $592K No change
TRV The Travelers Cos Inc. 0.19% 2,400 $578K No change
BMY Bristol-Myers Squibb Co. 0.18% 9,937 $562K Add +63.5%
LOW Lowe's Cos Inc. 0.18% 2,267 $559K Reduce -0.0%
VTI VG Morningstar TS MKT ETF-US 0.18% 1,870 $542K Add +10.0%
AEP American Electric Power 0.17% 5,798 $535K No change
VOO Vanguard S&P 500 ETF 0.17% 990 $533K Add +10.0%
UPS United Parcel Service Class B 0.17% 4,207 $531K Reduce -78.0%
MO Altria Group Inc. 0.16% 9,597 $502K Reduce -0.1%
WTRG Essential Utilities Inc. 0.16% 13,451 $489K New
ITW Illinois Tool Works 0.15% 1,882 $477K No change

Show all 131 holdings

Options reported separately and not counted above: GLD calls ($145K), KMI calls ($52K), AMZN calls ($44K), GOOG calls ($38K), MTB calls ($38K), EMR calls ($37K), RTX calls ($35K), ADP calls ($29K), WMT calls ($27K), ADI calls ($21K).

Portfolio Sells Q3 2024 → Q4 2024
AMGN Amgen Inc. Reduce -70.7% 0.22% −0.71
UPS United Parcel Service Class B Reduce -78.0% 0.17% −0.68
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -0.6% 4.46% −0.34
AWK American Water Works Co. Inc. Reduce -27.5% 0.41% −0.26
LLY Eli Lilly & Co. Reduce -0.3% 1.52% −0.25
NEE Nextera Energy Inc. Reduce -0.5% 1.22% −0.24
PEP Pepsico Inc. Reduce -0.1% 1.68% −0.22
MDLZ Mondelez International Inc. Class A Reduce -17.4% 0.43% −0.22
GD General Dynamics Corp. Reduce -0.0% 1.34% −0.22
BHP BHP Group Ltd.-Spon ADR Reduce -3.2% 0.64% −0.21
CL Colgate-Palmolive Co. Reduce -0.0% 1.17% −0.18
AMT American Tower Corp. Reduce -0.6% 0.63% −0.18
ABBV Abbvie Inc. Reduce -8.6% 0.67% −0.15
MSFT Microsoft Corp. Reduce -1.1% 2.50% −0.11
IBM Intl Business Machines Corp. Reduce -5.5% 1.42% −0.11
ADI Analog Devices Inc. Reduce -0.5% 1.03% −0.11
ECL Ecolab Inc. Reduce -0.7% 0.89% −0.10
DOW Dow Inc. Sold out 0.00% −0.10
O Realty Income Corp. Sold out 0.00% −0.09
PFE Pfizer Inc. Reduce -34.3% 0.13% −0.09
DE Deere & Co. Reduce -8.3% 0.95% −0.08
AGIO Agios Pharmaceuticals Inc. Sold out 0.00% −0.08
RTX RTX Corp. Reduce -0.7% 1.14% −0.08
NKE Nike Inc. Class B Sold out 0.00% −0.07
HD Home Depot Inc. Reduce -0.5% 0.94% −0.06
ETN Eaton Corp. PLC Reduce -2.1% 1.53% −0.05
IGLD FT Vest Gold Strategy Target Reduce -2.2% 0.27% −0.05
INTC Intel Corp. Reduce -3.0% 0.21% −0.05
DUK Duke Energy Corp. Reduce -0.7% 0.48% −0.04
SPLV Invesco S&P 500 Low Volatili Reduce -4.6% 0.49% −0.04
ABT Abbott Laboratories Reduce -0.5% 1.52% −0.04
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -0.6% 2.15% −0.04
DEM Wisdomtree Emerging Markets Reduce -6.9% 0.20% −0.04
ESBA Empire State Realty Op LP-Es Sold out 0.00% −0.03
IDV iShares International Select Reduce -1.0% 0.27% −0.03
APD Air Products & Chemicals Inc. Reduce -0.3% 0.77% −0.03
ORCL Oracle Corp. Reduce -10.1% 0.20% −0.03
PG The Procter & Gamble Co. Reduce -0.5% 0.54% −0.03
SYK Stryker Corp. Reduce -1.0% 1.04% −0.03
PSX Phillips 66 Reduce -8.5% 0.09% −0.03
VYMI Vanguard Int High DVD YLD Inc. Reduce -7.6% 0.13% −0.02
NSC Norfolk Southern Corp. Reduce -1.4% 0.25% −0.02
MMM 3M Co. Reduce -12.9% 0.09% −0.02
LOW Lowe's Cos Inc. Reduce -0.0% 0.18% −0.02
AFL Aflac Inc. Reduce -3.6% 0.13% −0.02
VYM Vanguard High DVD Yield ETF Reduce -0.4% 0.52% −0.01
PRU Prudential Financial Inc. Reduce -5.1% 0.08% −0.01
SYY Sysco Corp. Reduce -1.1% 0.11% −0.00
PKG Packaging Corp. of America Reduce -5.1% 0.13% −0.00
NFG National Fuel Gas Co. Reduce -2.3% 0.07% −0.00

Portfolio Buys Q3 2024 → Q4 2024
JAAA Janus Henderson Aaa Clo ETF Add +49.7% 4.99% +1.60
JBBB Janus Henderson B-BBB Clo Et Add +553.5% 1.67% +1.41
HII Huntington Ingalls Industrie New 1.18% +1.18
AMZN Amazon.com Inc. Add +1.6% 1.13% +0.17
WTRG Essential Utilities Inc. New 0.16% +0.16
GLD SPDR Gold Shares Add +4.1% 6.09% +0.14
HON Honeywell International Inc. Add +12.6% 0.77% +0.14
HGER Harbor Commodity All Weather New 0.10% +0.10
BMY Bristol-Myers Squibb Co. Add +63.5% 0.18% +0.08
HSY The Hershey Co. New 0.07% +0.07
WFC Wells Fargo & Co. New 0.07% +0.07
GRMN Garmin Ltd. New 0.07% +0.07
MKC McCormick & Co.-Non VTG SHRS Add +110.2% 0.13% +0.06
ROK Rockwell Automation Inc. Add +0.3% 0.69% +0.04
CVX Chevron Corp. Add +30.5% 0.14% +0.03
ADP Automatic Data Processing Add +0.3% 0.61% +0.03
CB Chubb Ltd. Add +7.8% 1.13% +0.02
VTI VG Morningstar TS MKT ETF-US Add +10.0% 0.18% +0.02
VOO Vanguard S&P 500 ETF Add +10.0% 0.17% +0.02
CLX Clorox Company Add +1.6% 0.10% 0.00
PFF iShares Preferred & Income S Add +2.5% 0.13% −0.01
ACN Accenture PLC Class A Add +0.6% 0.69% −0.01
MDT Medtronic PLC Add +12.1% 0.62% −0.01
JNJ Johnson & Johnson Add +11.9% 1.24% −0.02
BDX Becton Dickinson and Co. Add +0.7% 0.72% −0.05
MRK Merck & Co. Inc. Add +8.4% 0.86% −0.06
XOM Exxon Mobil Corp. Add +5.3% 1.19% −0.06
MCD McDonald's Corp. Add +0.0% 0.91% −0.06
TXN Texas Instruments Inc. Add +0.5% 0.66% −0.07
ES Eversource Energy Add +0.9% 0.57% −0.11
UNH Unitedhealth Group Inc. Add +0.9% 0.71% −0.11
STZ Constellation Brands Inc. Class A Add +0.4% 0.71% −0.13
KO The Coca-Cola Co. Add +0.6% 0.89% −0.14
IQLT iShares MSCI International Q Add +1.7% 2.86% −0.32
IEFA iShares Core MSCI Eafe ETF Add +2.5% 3.53% −0.34

Options Activity Q3 2024 → Q4 2024
GLD SPDR Gold Shares call New 600 $145K
KMI Kinder Morgan Inc. call New 1,900 $52K
AMZN Amazon.com Inc. call New 200 $44K
GOOG Alphabet Inc. Class C call New 200 $38K
MTB M & T Bank Corp. call New 200 $38K
EMR Emerson Electric Co. call New 300 $37K
RTX RTX Corp. call New 300 $35K
ADP Automatic Data Processing call New 100 $29K
WMT Walmart Inc. call New 300 $27K
ADI Analog Devices Inc. call New 100 $21K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 143$381.1MGLD, JAAA, BINC, IEFA, IQLT
Q1 2026 140$366.7MGLD, JAAA, BINC, IEFA, IQLT
Q4 2025 135$353.6MGLD, JAAA, IEFA, LQD, IQLT
Q3 2025 139$342.5MGLD, JAAA, IEFA, LQD, IQLT
Q2 2025 136$327.6MGLD, JAAA, LQD, IEFA, IQLT
Q1 2025 131$309.5MGLD, JAAA, LQD, IEFA, IQLT
Q4 2024 131$309.2MGLD, JAAA, LQD, IEFA, AAPL
Q3 2024 130$305.3MGLD, LQD, IEFA, JAAA, IQLT
Q2 2024 131$277.5MGLD, LQD, IEFA, IQLT, AAPL
Q1 2024 133$274.3MGLD, LQD, IEFA, IQLT, BSCP