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

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 Q4 2024 Q1 2025: $309.5M $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 · $309.5M
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
VYMI Vanguard Int High DVD YLD Inc. 0.14% 6,047 $446K No change
MKC McCormick & Co.-Non VTG SHRS 0.14% 5,413 $446K Add +0.2%
PAYX Paychex Inc. 0.14% 2,842 $439K Reduce -5.0%
META Meta Platforms Inc. Class A 0.14% 728 $420K Add +52.3%
AFL Aflac Inc. 0.13% 3,748 $417K Reduce -2.9%
PFF iShares Preferred & Income S 0.13% 12,619 $388K Add +0.1%
SBUX Starbucks Corp. 0.12% 3,668 $360K No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.11% 3,785 $348K No change
YUM Yum! Brands Inc. 0.11% 2,143 $337K No change
MMM 3M Co. 0.11% 2,218 $326K Reduce -2.4%
TDIV FT Nasdaq Tech DVD Index FD 0.10% 4,410 $325K Reduce -4.3%
LH Labcorp Holdings Inc. 0.10% 1,382 $322K No change
SYY Sysco Corp. 0.10% 4,265 $320K No change
WELL Welltower Inc. 0.10% 2,076 $318K Reduce -0.8%
PSX Phillips 66 0.10% 2,460 $304K No change
SCHD Schwab US DVD Equity ETF 0.10% 10,800 $302K No change
PKG Packaging Corp. of America 0.10% 1,522 $301K Reduce -15.2%
NFG National Fuel Gas Co. 0.10% 3,776 $299K Add +1.1%
LIN Linde PLC 0.09% 626 $291K No change
CLX Clorox Company 0.09% 1,973 $291K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.09% 6,775 $283K Reduce -4.2%
HSY The Hershey Co. 0.09% 1,637 $280K Add +25.3%
MUSA Murphy USA Inc. 0.08% 550 $258K Reduce -8.3%
AZN Astrazeneca PLC-Spons ADR 0.08% 3,450 $254K No change
VB Vanguard Most SM-Cap ETF-Usd 0.08% 1,084 $240K New
PRU Prudential Financial Inc. 0.08% 2,106 $235K Add +5.8%
GILD Gilead Sciences Inc. 0.07% 2,052 $230K New
WFC Wells Fargo & Co. 0.07% 3,047 $219K Add +0.2%
ET Energy Transfer LP 0.07% 11,500 $214K New
GE General Electric filed as GE AEROSPACE 0.07% 1,037 $208K New
O Realty Income Corp. 0.07% 3,541 $205K New

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

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