Northcape Wealth Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 25, 2025), Northcape Wealth Management, LLC reported 131 stock positions worth $309.5 million. Its top holding was SPDR Gold Shares (GLD) at 7.1% of the portfolio, followed by Janus Henderson Aaa Clo ETF (JAAA, 5.7%) and Ishr Ibx Usd Invgd CB ETF-Ui (LQD, 4.6%). Compared with Q4 2024, it opened 5 new positions, sold out of 5, added to 42 and reduced 62. The biggest buy was Janus Henderson Aaa Clo ETF (JAAA, shares +15%) and the biggest sale an exit from Janus Henderson B-BBB Clo Et (JBBB).
- Most Recent 13F
- Q2 2026
- Location
- WILLIAMSVILLE, NY
- CIK
- 0001902806
- Portfolio Value
- $309.5M (Q1 2025)
- SEC Filing
- 0001902806-25-000003 ↗ filed Apr 25, 2025
Holdings Value
Holdings 131 stocks · $309.5M
| GLD SPDR Gold Shares | 7.13% | 76,588 | $22.1M | Reduce -1.6% |
| JAAA Janus Henderson Aaa Clo ETF | 5.73% | 349,575 | $17.7M | Add +14.8% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 4.55% | 129,604 | $14.1M | Add +0.5% |
| IEFA iShares Core MSCI Eafe ETF | 3.77% | 154,152 | $11.7M | Reduce -0.6% |
| IQLT iShares MSCI International Q | 3.05% | 237,907 | $9.4M | Reduce -0.1% |
| KMI Kinder Morgan Inc. | 2.95% | 319,937 | $9.1M | Reduce -1.3% |
| AAPL Apple Inc. | 2.84% | 39,608 | $8.8M | Reduce -3.4% |
| MSFT Microsoft Corp. | 2.16% | 17,828 | $6.7M | Reduce -2.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.13% | 25,498 | $6.6M | Add +1.2% |
| WMT Walmart Inc. | 1.99% | 70,314 | $6.2M | Reduce -2.7% |
| COST Costco Wholesale Corp. | 1.97% | 6,446 | $6.1M | Reduce -3.9% |
| ABT Abbott Laboratories | 1.77% | 41,319 | $5.5M | Reduce -0.4% |
| PEP Pepsico Inc. | 1.65% | 34,076 | $5.1M | Reduce -0.1% |
| V Visa Inc. Class A | 1.62% | 14,334 | $5.0M | Reduce -0.8% |
| JPM JPMorgan Chase & Co. | 1.57% | 19,782 | $4.9M | Reduce -2.2% |
| XOM Exxon Mobil Corp. | 1.55% | 40,304 | $4.8M | Add +18.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.50% | 18,619 | $4.6M | Reduce -7.0% |
| JNJ Johnson & Johnson | 1.42% | 26,527 | $4.4M | Add +0.1% |
| GD General Dynamics Corp. | 1.39% | 15,769 | $4.3M | Add +0.2% |
| LLY Eli Lilly & Co. | 1.36% | 5,089 | $4.2M | Reduce -16.4% |
| HII Huntington Ingalls Industrie | 1.29% | 19,511 | $4.0M | Add +1.2% |
| RTX RTX Corp. | 1.28% | 29,965 | $4.0M | Reduce -1.2% |
| ETN Eaton Corp. PLC | 1.23% | 13,997 | $3.8M | Reduce -2.1% |
| CB Chubb Ltd. | 1.22% | 12,530 | $3.8M | Reduce -0.9% |
| EMR Emerson Electric Co. | 1.22% | 34,473 | $3.8M | Reduce -0.4% |
| CL Colgate-Palmolive Co. | 1.20% | 39,583 | $3.7M | Reduce -0.3% |
| NEE Nextera Energy Inc. | 1.19% | 52,025 | $3.7M | Reduce -1.1% |
| CSCO Cisco Systems Inc. | 1.18% | 59,235 | $3.7M | Reduce -0.2% |
| SYK Stryker Corp. | 1.06% | 8,842 | $3.3M | Reduce -1.0% |
| DE Deere & Co. | 1.05% | 6,907 | $3.2M | Reduce -0.3% |
| KO The Coca-Cola Co. | 1.01% | 43,439 | $3.1M | Reduce -1.7% |
| MCD McDonald's Corp. | 0.98% | 9,750 | $3.0M | Add +0.6% |
| ADI Analog Devices Inc. | 0.97% | 14,952 | $3.0M | Reduce -0.5% |
| AMZN Amazon.com Inc. | 0.96% | 15,594 | $3.0M | Reduce -2.5% |
| ECL Ecolab Inc. | 0.95% | 11,649 | $3.0M | Reduce -0.7% |
| GOOG Alphabet Inc. Class C | 0.94% | 18,675 | $2.9M | Reduce -3.7% |
| HD Home Depot Inc. | 0.88% | 7,433 | $2.7M | Reduce -0.2% |
| ANET Arista Networks Inc. | 0.88% | 35,080 | $2.7M | Reduce -24.1% |
| ABBV Abbvie Inc. | 0.78% | 11,588 | $2.4M | Add +0.0% |
| APD Air Products & Chemicals Inc. | 0.78% | 8,166 | $2.4M | Reduce -0.2% |
| MRK Merck & Co. Inc. | 0.78% | 26,758 | $2.4M | Add +0.6% |
| STZ Constellation Brands Inc. Class A | 0.75% | 12,720 | $2.3M | Add +27.7% |
| AMT American Tower Corp. | 0.75% | 10,708 | $2.3M | Add +1.4% |
| UNH Unitedhealth Group Inc. | 0.75% | 4,403 | $2.3M | Add +1.3% |
| HON Honeywell International Inc. | 0.73% | 10,640 | $2.3M | Add +0.4% |
| BDX Becton Dickinson and Co. | 0.73% | 9,814 | $2.2M | Add +0.5% |
| MDT Medtronic PLC | 0.69% | 23,912 | $2.1M | Add +0.3% |
| BHP BHP Group Ltd.-Spon ADR | 0.68% | 43,616 | $2.1M | Add +7.2% |
| AWK American Water Works Co. Inc. | 0.67% | 14,143 | $2.1M | Add +38.3% |
| QCOM Qualcomm Inc. | 0.66% | 13,281 | $2.0M | Reduce -2.1% |
| TXN Texas Instruments Inc. | 0.64% | 11,050 | $2.0M | Add +1.1% |
| ADP Automatic Data Processing | 0.63% | 6,427 | $2.0M | Add +0.2% |
| ES Eversource Energy | 0.62% | 31,069 | $1.9M | Add +1.4% |
| ROK Rockwell Automation Inc. | 0.62% | 7,447 | $1.9M | Reduce -0.1% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.62% | 10,742 | $1.9M | Reduce -0.6% |
| ACN Accenture PLC Class A | 0.62% | 6,111 | $1.9M | Add +1.3% |
| WWD Woodward Inc. | 0.61% | 10,283 | $1.9M | Reduce -2.8% |
| DUK Duke Energy Corp. | 0.59% | 15,014 | $1.8M | Add +9.5% |
| MDLZ Mondelez International Inc. Class A | 0.56% | 25,438 | $1.7M | Add +13.1% |
| MS Morgan Stanley | 0.55% | 14,701 | $1.7M | Reduce -3.6% |
| PG The Procter & Gamble Co. | 0.54% | 9,817 | $1.7M | Reduce -2.1% |
| VYM Vanguard High DVD Yield ETF | 0.52% | 12,382 | $1.6M | Reduce -1.1% |
| SPLV Invesco S&P 500 Low Volatili | 0.50% | 20,529 | $1.5M | Reduce -5.2% |
| AXP American Express Co. | 0.48% | 5,527 | $1.5M | Reduce -0.9% |
| MA Mastercard Inc. Class A | 0.42% | 2,378 | $1.3M | Reduce -4.0% |
| CHD Church & Dwight Co. Inc. | 0.37% | 10,323 | $1.1M | No change |
| HGER Harbor Commodity All Weather | 0.34% | 43,265 | $1.0M | Add +201.5% |
| IDV iShares International Select | 0.30% | 30,375 | $942K | Add +0.2% |
| NVS Novartis AG-Sponsored ADR | 0.30% | 8,370 | $933K | Reduce -2.3% |
| DFS Discover Financial Services | 0.30% | 5,462 | $932K | Reduce -3.2% |
| IGLD FT Vest Gold Strategy Target | 0.30% | 44,323 | $929K | Reduce -0.3% |
| IAU iShares Gold Trust | 0.29% | 15,435 | $910K | Reduce -0.6% |
| SCHW Schwab (charles) Corp. | 0.27% | 10,637 | $833K | Reduce -7.5% |
| AMGN Amgen Inc. | 0.26% | 2,603 | $811K | Add +0.3% |
| BMY Bristol-Myers Squibb Co. | 0.26% | 13,230 | $807K | Add +33.1% |
| NSC Norfolk Southern Corp. | 0.25% | 3,324 | $787K | Reduce -0.6% |
| LMT Lockheed Martin Corp. | 0.24% | 1,651 | $738K | Add +21.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.22% | 1,305 | $695K | No change |
| GS Goldman Sachs Group Inc. | 0.22% | 1,248 | $682K | No change |
| AVGO Broadcom Inc. | 0.22% | 4,064 | $680K | Reduce -4.5% |
| INTC Intel Corp. | 0.22% | 29,889 | $679K | Reduce -7.1% |
| TAP Molson Coors Beverage Co. Class B | 0.22% | 11,080 | $674K | Reduce -1.4% |
| JNPR Juniper Networks Inc. | 0.22% | 18,529 | $671K | Reduce -1.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.21% | 1,185 | $663K | Add +0.4% |
| FDX FedEx Corp. | 0.21% | 2,698 | $658K | Reduce -2.1% |
| NVDA Nvidia Corp. | 0.21% | 6,000 | $650K | Add +21.9% |
| PFE Pfizer Inc. | 0.21% | 25,148 | $637K | Add +60.9% |
| TRV The Travelers Cos Inc. | 0.21% | 2,400 | $635K | No change |
| AEP American Electric Power | 0.20% | 5,798 | $634K | No change |
| AMP Ameriprise Financial Inc. | 0.20% | 1,300 | $629K | Reduce -1.3% |
| DEM Wisdomtree Emerging Markets | 0.20% | 14,548 | $612K | Reduce -3.3% |
| BA The Boeing Co. | 0.19% | 3,479 | $593K | No change |
| CVX Chevron Corp. | 0.19% | 3,544 | $593K | Add +16.9% |
| MO Altria Group Inc. | 0.19% | 9,603 | $576K | Add +0.1% |
| LOW Lowe's Cos Inc. | 0.17% | 2,267 | $529K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.17% | 1,870 | $514K | No change |
| ORCL Oracle Corp. | 0.16% | 3,640 | $509K | No change |
| VOO Vanguard S&P 500 ETF | 0.16% | 990 | $509K | No change |
| UPS United Parcel Service Class B | 0.16% | 4,415 | $486K | Add +4.9% |
| ITW Illinois Tool Works | 0.15% | 1,882 | $467K | No change |
Options reported separately and not counted above: C puts ($284K), KMI calls ($54K), MTB calls ($36K).
Portfolio Sells Q4 2024 → Q1 2025
| JBBB Janus Henderson B-BBB Clo Et | Sold out | 0.00% | −1.67 |
| BX Blackstone Inc. | Sold out | 0.00% | −0.85 |
| ANET Arista Networks Inc. | Reduce -24.1% | 0.88% | −0.78 |
| AAPL Apple Inc. | Reduce -3.4% | 2.84% | −0.48 |
| MSFT Microsoft Corp. | Reduce -2.8% | 2.16% | −0.34 |
| ETN Eaton Corp. PLC | Reduce -2.1% | 1.23% | −0.30 |
| GOOG Alphabet Inc. Class C | Reduce -3.7% | 0.94% | −0.25 |
| AMZN Amazon.com Inc. | Reduce -2.5% | 0.96% | −0.18 |
| EMR Emerson Electric Co. | Reduce -0.4% | 1.22% | −0.17 |
| LLY Eli Lilly & Co. | Reduce -16.4% | 1.36% | −0.16 |
| WTRG Essential Utilities Inc. | Sold out | 0.00% | −0.16 |
| WMT Walmart Inc. | Reduce -2.7% | 1.99% | −0.12 |
| AVGO Broadcom Inc. | Reduce -4.5% | 0.22% | −0.10 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.08 |
| GRMN Garmin Ltd. | Sold out | 0.00% | −0.07 |
| ROK Rockwell Automation Inc. | Reduce -0.1% | 0.62% | −0.07 |
| MS Morgan Stanley | Reduce -3.6% | 0.55% | −0.07 |
| ADI Analog Devices Inc. | Reduce -0.5% | 0.97% | −0.06 |
| HD Home Depot Inc. | Reduce -0.2% | 0.88% | −0.06 |
| AXP American Express Co. | Reduce -0.9% | 0.48% | −0.06 |
| FDX FedEx Corp. | Reduce -2.1% | 0.21% | −0.04 |
| MTB M & T Bank Corp. | Reduce -0.6% | 0.62% | −0.04 |
| PKG Packaging Corp. of America | Reduce -15.2% | 0.10% | −0.03 |
| NEE Nextera Energy Inc. | Reduce -1.1% | 1.19% | −0.03 |
| PEP Pepsico Inc. | Reduce -0.1% | 1.65% | −0.03 |
| AMP Ameriprise Financial Inc. | Reduce -1.3% | 0.20% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -3.9% | 1.97% | −0.02 |
| QCOM Qualcomm Inc. | Reduce -2.1% | 0.66% | −0.02 |
| DFS Discover Financial Services | Reduce -3.2% | 0.30% | −0.01 |
| MUSA Murphy USA Inc. | Reduce -8.3% | 0.08% | −0.01 |
| TDIV FT Nasdaq Tech DVD Index FD | Reduce -4.3% | 0.10% | −0.01 |
| JNPR Juniper Networks Inc. | Reduce -1.8% | 0.22% | −0.01 |
| BAC Bank of America Corp. | Reduce -4.2% | 0.09% | −0.01 |
| SCHW Schwab (charles) Corp. | Reduce -7.5% | 0.27% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -2.1% | 0.54% | −0.00 |
| MA Mastercard Inc. Class A | Reduce -4.0% | 0.42% | −0.00 |
| VYM Vanguard High DVD Yield ETF | Reduce -1.1% | 0.52% | −0.00 |
| JPM JPMorgan Chase & Co. | Reduce -2.2% | 1.57% | +0.00 |
| NSC Norfolk Southern Corp. | Reduce -0.6% | 0.25% | +0.00 |
| DEM Wisdomtree Emerging Markets | Reduce -3.3% | 0.20% | +0.00 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -5.2% | 0.50% | +0.01 |
| AFL Aflac Inc. | Reduce -2.9% | 0.13% | +0.01 |
| PAYX Paychex Inc. | Reduce -5.0% | 0.14% | +0.01 |
| TAP Molson Coors Beverage Co. Class B | Reduce -1.4% | 0.22% | +0.01 |
| APD Air Products & Chemicals Inc. | Reduce -0.2% | 0.78% | +0.01 |
| MMM 3M Co. | Reduce -2.4% | 0.11% | +0.01 |
| INTC Intel Corp. | Reduce -7.1% | 0.22% | +0.01 |
| WELL Welltower Inc. | Reduce -0.8% | 0.10% | +0.02 |
| SYK Stryker Corp. | Reduce -1.0% | 1.06% | +0.02 |
| IGLD FT Vest Gold Strategy Target | Reduce -0.3% | 0.30% | +0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| JAAA Janus Henderson Aaa Clo ETF | Add +14.8% | 5.73% | +0.73 |
| XOM Exxon Mobil Corp. | Add +18.2% | 1.55% | +0.36 |
| AWK American Water Works Co. Inc. | Add +38.3% | 0.67% | +0.26 |
| HGER Harbor Commodity All Weather | Add +201.5% | 0.34% | +0.23 |
| JNJ Johnson & Johnson | Add +0.1% | 1.42% | +0.18 |
| AMT American Tower Corp. | Add +1.4% | 0.75% | +0.13 |
| MDLZ Mondelez International Inc. Class A | Add +13.1% | 0.56% | +0.12 |
| ABBV Abbvie Inc. | Add +0.0% | 0.78% | +0.12 |
| DUK Duke Energy Corp. | Add +9.5% | 0.59% | +0.11 |
| HII Huntington Ingalls Industrie | Add +1.2% | 1.29% | +0.11 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +0.5% | 4.55% | +0.09 |
| BMY Bristol-Myers Squibb Co. | Add +33.1% | 0.26% | +0.08 |
| MDT Medtronic PLC | Add +0.3% | 0.69% | +0.08 |
| VB Vanguard Most SM-Cap ETF-Usd | New | 0.08% | +0.08 |
| MCD McDonald's Corp. | Add +0.6% | 0.98% | +0.07 |
| GILD Gilead Sciences Inc. | New | 0.07% | +0.07 |
| PFE Pfizer Inc. | Add +60.9% | 0.21% | +0.07 |
| ET Energy Transfer LP | New | 0.07% | +0.07 |
| GE General Electric | New | 0.07% | +0.07 |
| O Realty Income Corp. | New | 0.07% | +0.07 |
| ES Eversource Energy | Add +1.4% | 0.62% | +0.05 |
| CVX Chevron Corp. | Add +16.9% | 0.19% | +0.05 |
| GD General Dynamics Corp. | Add +0.2% | 1.39% | +0.05 |
| META Meta Platforms Inc. Class A | Add +52.3% | 0.14% | +0.05 |
| AMGN Amgen Inc. | Add +0.3% | 0.26% | +0.04 |
| STZ Constellation Brands Inc. Class A | Add +27.7% | 0.75% | +0.04 |
| BHP BHP Group Ltd.-Spon ADR | Add +7.2% | 0.68% | +0.04 |
| IDV iShares International Select | Add +0.2% | 0.30% | +0.04 |
| UNH Unitedhealth Group Inc. | Add +1.3% | 0.75% | +0.03 |
| ADP Automatic Data Processing | Add +0.2% | 0.63% | +0.03 |
| LMT Lockheed Martin Corp. | Add +21.4% | 0.24% | +0.02 |
| MO Altria Group Inc. | Add +0.1% | 0.19% | +0.02 |
| NFG National Fuel Gas Co. | Add +1.1% | 0.10% | +0.02 |
| HSY The Hershey Co. | Add +25.3% | 0.09% | +0.02 |
| MKC McCormick & Co.-Non VTG SHRS | Add +0.2% | 0.14% | +0.01 |
| BDX Becton Dickinson and Co. | Add +0.5% | 0.73% | +0.01 |
| WFC Wells Fargo & Co. | Add +0.2% | 0.07% | +0.00 |
| PRU Prudential Financial Inc. | Add +5.8% | 0.08% | −0.00 |
| PFF iShares Preferred & Income S | Add +0.1% | 0.13% | −0.00 |
| NVDA Nvidia Corp. | Add +21.9% | 0.21% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.4% | 0.21% | −0.01 |
| UPS United Parcel Service Class B | Add +4.9% | 0.16% | −0.01 |
| TXN Texas Instruments Inc. | Add +1.1% | 0.64% | −0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +1.2% | 2.13% | −0.02 |
| HON Honeywell International Inc. | Add +0.4% | 0.73% | −0.05 |
| ACN Accenture PLC Class A | Add +1.3% | 0.62% | −0.07 |
| MRK Merck & Co. Inc. | Add +0.6% | 0.78% | −0.08 |
Options Activity Q4 2024 → Q1 2025
| C Citigroup Inc. | put | New | 4,000 | $284K |
| GLD SPDR Gold Shares | call | Sold out | 600 | $145Kbefore exit |
| AMZN Amazon.com Inc. | call | Sold out | 200 | $44Kbefore exit |
| GOOG Alphabet Inc. Class C | call | Sold out | 200 | $38Kbefore exit |
| EMR Emerson Electric Co. | call | Sold out | 300 | $37Kbefore exit |
| RTX RTX Corp. | call | Sold out | 300 | $35Kbefore exit |
| ADP Automatic Data Processing | call | Sold out | 100 | $29Kbefore exit |
| WMT Walmart Inc. | call | Sold out | 300 | $27Kbefore exit |
| ADI Analog Devices Inc. | call | Sold out | 100 | $21Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 143 | $381.1M | GLD, JAAA, BINC, IEFA, IQLT |
| Q1 2026 | 140 | $366.7M | GLD, JAAA, BINC, IEFA, IQLT |
| Q4 2025 | 135 | $353.6M | GLD, JAAA, IEFA, LQD, IQLT |
| Q3 2025 | 139 | $342.5M | GLD, JAAA, IEFA, LQD, IQLT |
| Q2 2025 | 136 | $327.6M | GLD, JAAA, LQD, IEFA, IQLT |
| Q1 2025 | 131 | $309.5M | GLD, JAAA, LQD, IEFA, IQLT |
| Q4 2024 | 131 | $309.2M | GLD, JAAA, LQD, IEFA, AAPL |
| Q3 2024 | 130 | $305.3M | GLD, LQD, IEFA, JAAA, IQLT |
| Q2 2024 | 131 | $277.5M | GLD, LQD, IEFA, IQLT, AAPL |
| Q1 2024 | 133 | $274.3M | GLD, LQD, IEFA, IQLT, BSCP |