Northcape Wealth Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 5, 2025), Northcape Wealth Management, LLC reported 136 stock positions worth $327.6 million. Its top holding was SPDR Gold Shares (GLD) at 6.9% of the portfolio, followed by Janus Henderson Aaa Clo ETF (JAAA, 5.5%) and Ishr Ibx Usd Invgd CB ETF-Ui (LQD, 4.3%). Compared with Q1 2025, it opened 6 new positions, sold out of 1, added to 48 and reduced 58. The biggest buy was Broadcom (AVGO, shares +184%) and the biggest sale Merck (MRK, shares −70%).
- Most Recent 13F
- Q2 2026
- Location
- WILLIAMSVILLE, NY
- CIK
- 0001902806
- Portfolio Value
- $327.6M (Q2 2025)
- SEC Filing
- 0001902806-25-000004 ↗ filed Aug 5, 2025
Holdings Value
Holdings 136 stocks · $327.6M
| GLD SPDR Gold Shares | 6.90% | 74,118 | $22.6M | Reduce -3.2% |
| JAAA Janus Henderson Aaa Clo ETF | 5.46% | 352,647 | $17.9M | Add +0.9% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 4.33% | 129,575 | $14.2M | Reduce -0.0% |
| IEFA iShares Core MSCI Eafe ETF | 3.95% | 155,072 | $12.9M | Add +0.6% |
| IQLT iShares MSCI International Q | 3.13% | 237,097 | $10.2M | Reduce -0.3% |
| KMI Kinder Morgan Inc. | 2.81% | 313,012 | $9.2M | Reduce -2.2% |
| MSFT Microsoft Corp. | 2.75% | 18,127 | $9.0M | Add +1.7% |
| AAPL Apple Inc. | 2.55% | 40,744 | $8.4M | Add +2.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.15% | 25,224 | $7.1M | Reduce -1.1% |
| WMT Walmart Inc. | 2.05% | 68,549 | $6.7M | Reduce -2.5% |
| COST Costco Wholesale Corp. | 1.91% | 6,327 | $6.3M | Reduce -1.9% |
| LLY Eli Lilly & Co. | 1.83% | 7,703 | $6.0M | Add +51.4% |
| JPM JPMorgan Chase & Co. | 1.71% | 19,322 | $5.6M | Reduce -2.3% |
| ABT Abbott Laboratories | 1.70% | 40,891 | $5.6M | Reduce -1.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.66% | 18,417 | $5.4M | Reduce -1.1% |
| V Visa Inc. Class A | 1.53% | 14,146 | $5.0M | Reduce -1.3% |
| ETN Eaton Corp. PLC | 1.48% | 13,578 | $4.8M | Reduce -3.0% |
| GD General Dynamics Corp. | 1.42% | 15,939 | $4.6M | Add +1.1% |
| PEP Pepsico Inc. | 1.40% | 34,684 | $4.6M | Add +1.8% |
| EMR Emerson Electric Co. | 1.40% | 34,324 | $4.6M | Reduce -0.4% |
| RTX RTX Corp. | 1.32% | 29,508 | $4.3M | Reduce -1.5% |
| JNJ Johnson & Johnson | 1.29% | 27,615 | $4.2M | Add +4.1% |
| XOM Exxon Mobil Corp. | 1.26% | 38,183 | $4.1M | Reduce -5.3% |
| CSCO Cisco Systems Inc. | 1.25% | 58,927 | $4.1M | Reduce -0.5% |
| HII Huntington Ingalls Industrie | 1.21% | 16,358 | $3.9M | Reduce -16.2% |
| CB Chubb Ltd. | 1.10% | 12,448 | $3.6M | Reduce -0.7% |
| CL Colgate-Palmolive Co. | 1.10% | 39,590 | $3.6M | Add +0.0% |
| NEE Nextera Energy Inc. | 1.10% | 51,702 | $3.6M | Reduce -0.6% |
| ADI Analog Devices Inc. | 1.08% | 14,830 | $3.5M | Reduce -0.8% |
| DE Deere & Co. | 1.07% | 6,871 | $3.5M | Reduce -0.5% |
| ANET Arista Networks Inc. | 1.06% | 34,080 | $3.5M | Reduce -2.9% |
| AMZN Amazon.com Inc. | 1.06% | 15,845 | $3.5M | Add +1.6% |
| SYK Stryker Corp. | 1.05% | 8,681 | $3.4M | Reduce -1.8% |
| GOOG Alphabet Inc. Class C | 0.99% | 18,217 | $3.2M | Reduce -2.5% |
| AVGO Broadcom Inc. | 0.97% | 11,561 | $3.2M | Add +184.5% |
| ECL Ecolab Inc. | 0.94% | 11,448 | $3.1M | Reduce -1.7% |
| KO The Coca-Cola Co. | 0.93% | 43,256 | $3.1M | Reduce -0.4% |
| MCD McDonald's Corp. | 0.88% | 9,836 | $2.9M | Add +0.9% |
| HD Home Depot Inc. | 0.84% | 7,505 | $2.8M | Add +1.0% |
| UNH Unitedhealth Group Inc. | 0.79% | 8,347 | $2.6M | Add +89.6% |
| HON Honeywell International Inc. | 0.77% | 10,790 | $2.5M | Add +1.4% |
| WWD Woodward Inc. | 0.77% | 10,230 | $2.5M | Reduce -0.5% |
| ROK Rockwell Automation Inc. | 0.77% | 7,546 | $2.5M | Add +1.3% |
| AMT American Tower Corp. | 0.73% | 10,780 | $2.4M | Add +0.7% |
| TXN Texas Instruments Inc. | 0.71% | 11,206 | $2.3M | Add +1.4% |
| APD Air Products & Chemicals Inc. | 0.71% | 8,225 | $2.3M | Add +0.7% |
| ABBV Abbvie Inc. | 0.66% | 11,583 | $2.2M | Reduce -0.0% |
| QCOM Qualcomm Inc. | 0.65% | 13,281 | $2.1M | No change |
| BHP BHP Group Ltd.-Spon ADR | 0.64% | 43,454 | $2.1M | Reduce -0.4% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.63% | 10,702 | $2.1M | Reduce -0.4% |
| MS Morgan Stanley | 0.63% | 14,647 | $2.1M | Reduce -0.4% |
| ES Eversource Energy | 0.63% | 32,343 | $2.1M | Add +4.1% |
| STZ Constellation Brands Inc. Class A | 0.63% | 12,641 | $2.1M | Reduce -0.6% |
| AWK American Water Works Co. Inc. | 0.61% | 14,306 | $2.0M | Add +1.1% |
| ADP Automatic Data Processing | 0.61% | 6,432 | $2.0M | Add +0.1% |
| ACN Accenture PLC Class A | 0.58% | 6,310 | $1.9M | Add +3.3% |
| MDT Medtronic PLC | 0.55% | 20,734 | $1.8M | Reduce -13.3% |
| PG The Procter & Gamble Co. | 0.54% | 11,076 | $1.8M | Add +12.8% |
| MDLZ Mondelez International Inc. Class A | 0.54% | 26,153 | $1.8M | Add +2.8% |
| AXP American Express Co. | 0.54% | 5,527 | $1.8M | No change |
| DUK Duke Energy Corp. | 0.54% | 14,923 | $1.8M | Reduce -0.6% |
| BDX Becton Dickinson and Co. | 0.53% | 10,089 | $1.7M | Add +2.8% |
| VYM Vanguard High DVD Yield ETF | 0.48% | 11,680 | $1.6M | Reduce -5.7% |
| SPLV Invesco S&P 500 Low Volatili | 0.42% | 19,103 | $1.4M | Reduce -7.0% |
| MA Mastercard Inc. Class A | 0.41% | 2,381 | $1.3M | Add +0.1% |
| COF Capital One Financial Corp. | 0.36% | 5,561 | $1.2M | New |
| HGER Harbor Commodity All Weather | 0.33% | 45,172 | $1.1M | Add +4.4% |
| IDV iShares International Select | 0.32% | 30,334 | $1.0M | Reduce -0.1% |
| NVS Novartis AG-Sponsored ADR | 0.31% | 8,370 | $1.0M | No change |
| CHD Church & Dwight Co. Inc. | 0.30% | 10,373 | $997K | Add +0.5% |
| SCHW Schwab (charles) Corp. | 0.30% | 10,637 | $971K | No change |
| NVDA Nvidia Corp. | 0.30% | 6,125 | $968K | Add +2.1% |
| IAU iShares Gold Trust | 0.29% | 15,435 | $963K | No change |
| IGLD FT Vest Gold Strategy Target | 0.28% | 42,923 | $932K | Reduce -3.2% |
| GS Goldman Sachs Group Inc. | 0.27% | 1,248 | $883K | No change |
| BA The Boeing Co. | 0.25% | 3,848 | $806K | Add +10.6% |
| ORCL Oracle Corp. | 0.24% | 3,666 | $801K | Add +0.7% |
| NSC Norfolk Southern Corp. | 0.24% | 3,098 | $793K | Reduce -6.8% |
| LMT Lockheed Martin Corp. | 0.24% | 1,665 | $771K | Add +0.8% |
| AMGN Amgen Inc. | 0.23% | 2,664 | $744K | Add +2.3% |
| JNPR Juniper Networks Inc. | 0.23% | 18,529 | $740K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.22% | 1,190 | $735K | Add +0.4% |
| AMP Ameriprise Financial Inc. | 0.21% | 1,300 | $694K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.21% | 1,409 | $684K | Add +8.0% |
| DEM Wisdomtree Emerging Markets | 0.20% | 14,415 | $653K | Reduce -0.9% |
| INTC Intel Corp. | 0.20% | 28,906 | $647K | Reduce -3.3% |
| TRV The Travelers Cos Inc. | 0.20% | 2,400 | $642K | No change |
| PFE Pfizer Inc. | 0.19% | 26,312 | $638K | Add +4.6% |
| MRK Merck & Co. Inc. | 0.19% | 8,008 | $634K | Reduce -70.1% |
| FDX FedEx Corp. | 0.19% | 2,698 | $613K | No change |
| BMY Bristol-Myers Squibb Co. | 0.19% | 13,145 | $609K | Reduce -0.6% |
| AEP American Electric Power | 0.18% | 5,824 | $604K | Add +0.5% |
| META Meta Platforms Inc. Class A | 0.18% | 789 | $582K | Add +8.4% |
| CVX Chevron Corp. | 0.18% | 4,023 | $576K | Add +13.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.17% | 1,870 | $568K | No change |
| VOO Vanguard S&P 500 ETF | 0.17% | 990 | $562K | No change |
| MO Altria Group Inc. | 0.17% | 9,579 | $562K | Reduce -0.3% |
| TAP Molson Coors Beverage Co. Class B | 0.16% | 11,080 | $533K | No change |
| LOW Lowe's Cos Inc. | 0.15% | 2,289 | $508K | Add +1.0% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.15% | 6,047 | $484K | No change |
Options reported separately and not counted above: C puts ($340K).
Portfolio Sells Q1 2025 → Q2 2025
| MRK Merck & Co. Inc. | Reduce -70.1% | 0.19% | −0.58 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.30 |
| XOM Exxon Mobil Corp. | Reduce -5.3% | 1.26% | −0.29 |
| GLD SPDR Gold Shares | Reduce -3.2% | 6.90% | −0.23 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -0.0% | 4.33% | −0.22 |
| MDT Medtronic PLC | Reduce -13.3% | 0.55% | −0.14 |
| KMI Kinder Morgan Inc. | Reduce -2.2% | 2.81% | −0.14 |
| ABBV Abbvie Inc. | Reduce -0.0% | 0.66% | −0.13 |
| STZ Constellation Brands Inc. Class A | Reduce -0.6% | 0.63% | −0.13 |
| CB Chubb Ltd. | Reduce -0.7% | 1.10% | −0.12 |
| NEE Nextera Energy Inc. | Reduce -0.6% | 1.10% | −0.10 |
| V Visa Inc. Class A | Reduce -1.3% | 1.53% | −0.09 |
| HII Huntington Ingalls Industrie | Reduce -16.2% | 1.21% | −0.08 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.6% | 0.19% | −0.07 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -43.8% | 0.07% | −0.07 |
| ABT Abbott Laboratories | Reduce -1.0% | 1.70% | −0.07 |
| KO The Coca-Cola Co. | Reduce -0.4% | 0.93% | −0.07 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -7.0% | 0.42% | −0.07 |
| COST Costco Wholesale Corp. | Reduce -1.9% | 1.91% | −0.06 |
| DUK Duke Energy Corp. | Reduce -0.6% | 0.54% | −0.05 |
| BHP BHP Group Ltd.-Spon ADR | Reduce -0.4% | 0.64% | −0.05 |
| VYM Vanguard High DVD Yield ETF | Reduce -5.7% | 0.48% | −0.04 |
| SBUX Starbucks Corp. | Reduce -20.4% | 0.08% | −0.03 |
| AFL Aflac Inc. | Reduce -9.6% | 0.11% | −0.03 |
| INTC Intel Corp. | Reduce -3.3% | 0.20% | −0.02 |
| PAYX Paychex Inc. | Reduce -4.1% | 0.12% | −0.02 |
| IGLD FT Vest Gold Strategy Target | Reduce -3.2% | 0.28% | −0.02 |
| SYK Stryker Corp. | Reduce -1.8% | 1.05% | −0.02 |
| MO Altria Group Inc. | Reduce -0.3% | 0.17% | −0.01 |
| PKG Packaging Corp. of America | Reduce -5.1% | 0.08% | −0.01 |
| ECL Ecolab Inc. | Reduce -1.7% | 0.94% | −0.01 |
| NSC Norfolk Southern Corp. | Reduce -6.8% | 0.24% | −0.01 |
| WELL Welltower Inc. | Reduce -6.3% | 0.09% | −0.01 |
| PFF iShares Preferred & Income S | Reduce -1.6% | 0.12% | −0.01 |
| PRU Prudential Financial Inc. | Reduce -1.6% | 0.07% | −0.01 |
| GILD Gilead Sciences Inc. | Reduce -3.2% | 0.07% | −0.01 |
| SYY Sysco Corp. | Reduce -1.3% | 0.10% | −0.01 |
| O Realty Income Corp. | Reduce -1.4% | 0.06% | −0.01 |
| MMM 3M Co. | Reduce -0.4% | 0.10% | −0.00 |
| DEM Wisdomtree Emerging Markets | Reduce -0.9% | 0.20% | +0.00 |
| TDIV FT Nasdaq Tech DVD Index FD | Reduce -11.4% | 0.11% | +0.00 |
| BAC Bank of America Corp. | Reduce -2.2% | 0.10% | +0.00 |
| MTB M & T Bank Corp. | Reduce -0.4% | 0.63% | +0.01 |
| IDV iShares International Select | Reduce -0.1% | 0.32% | +0.01 |
| DE Deere & Co. | Reduce -0.5% | 1.07% | +0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -1.1% | 2.15% | +0.02 |
| RTX RTX Corp. | Reduce -1.5% | 1.32% | +0.03 |
| GOOG Alphabet Inc. Class C | Reduce -2.5% | 0.99% | +0.04 |
| WMT Walmart Inc. | Reduce -2.5% | 2.05% | +0.05 |
| CSCO Cisco Systems Inc. | Reduce -0.5% | 1.25% | +0.07 |
Portfolio Buys Q1 2025 → Q2 2025
| AVGO Broadcom Inc. | Add +184.5% | 0.97% | +0.75 |
| MSFT Microsoft Corp. | Add +1.7% | 2.75% | +0.59 |
| LLY Eli Lilly & Co. | Add +51.4% | 1.83% | +0.47 |
| COF Capital One Financial Corp. | New | 0.36% | +0.36 |
| IEFA iShares Core MSCI Eafe ETF | Add +0.6% | 3.95% | +0.18 |
| ROK Rockwell Automation Inc. | Add +1.3% | 0.77% | +0.14 |
| VTV Vanguard Mrngstr Val ETF-Aui | New | 0.14% | +0.14 |
| VTEB Vanguard Tax-Exempt Bond ETF | New | 0.12% | +0.12 |
| AMZN Amazon.com Inc. | Add +1.6% | 1.06% | +0.10 |
| NVDA Nvidia Corp. | Add +2.1% | 0.30% | +0.09 |
| ORCL Oracle Corp. | Add +0.7% | 0.24% | +0.08 |
| GOOGL Alphabet Inc. Class A | New | 0.08% | +0.08 |
| VONG Vanguard Russell 1000 Growth | New | 0.07% | +0.07 |
| TXN Texas Instruments Inc. | Add +1.4% | 0.71% | +0.07 |
| IWF iShares Russell 1000 Growth | New | 0.06% | +0.06 |
| BA The Boeing Co. | Add +10.6% | 0.25% | +0.05 |
| UNH Unitedhealth Group Inc. | Add +89.6% | 0.79% | +0.05 |
| META Meta Platforms Inc. Class A | Add +8.4% | 0.18% | +0.04 |
| HON Honeywell International Inc. | Add +1.4% | 0.77% | +0.04 |
| WFC Wells Fargo & Co. | Add +35.8% | 0.10% | +0.03 |
| GD General Dynamics Corp. | Add +1.1% | 1.42% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.4% | 0.22% | +0.01 |
| TROW T Rowe Price Group Inc. | Add +6.6% | 0.12% | +0.01 |
| ES Eversource Energy | Add +4.1% | 0.63% | +0.00 |
| PSX Phillips 66 | Add +13.4% | 0.10% | +0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +2.4% | 0.08% | +0.00 |
| HGER Harbor Commodity All Weather | Add +4.4% | 0.33% | −0.00 |
| PG The Procter & Gamble Co. | Add +12.8% | 0.54% | −0.00 |
| LMT Lockheed Martin Corp. | Add +0.8% | 0.24% | −0.00 |
| ITW Illinois Tool Works | Add +2.1% | 0.14% | −0.01 |
| PFE Pfizer Inc. | Add +4.6% | 0.19% | −0.01 |
| MA Mastercard Inc. Class A | Add +0.1% | 0.41% | −0.01 |
| UPS United Parcel Service Class B | Add +5.0% | 0.14% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +8.0% | 0.21% | −0.02 |
| CVX Chevron Corp. | Add +13.5% | 0.18% | −0.02 |
| LOW Lowe's Cos Inc. | Add +1.0% | 0.15% | −0.02 |
| CLX Clorox Company | Add +6.7% | 0.08% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Add +2.8% | 0.54% | −0.02 |
| AEP American Electric Power | Add +0.5% | 0.18% | −0.02 |
| AMT American Tower Corp. | Add +0.7% | 0.73% | −0.03 |
| ADP Automatic Data Processing | Add +0.1% | 0.61% | −0.03 |
| AMGN Amgen Inc. | Add +2.3% | 0.23% | −0.04 |
| HD Home Depot Inc. | Add +1.0% | 0.84% | −0.04 |
| ACN Accenture PLC Class A | Add +3.3% | 0.58% | −0.04 |
| CHD Church & Dwight Co. Inc. | Add +0.5% | 0.30% | −0.06 |
| AWK American Water Works Co. Inc. | Add +1.1% | 0.61% | −0.07 |
| APD Air Products & Chemicals Inc. | Add +0.7% | 0.71% | −0.07 |
| CL Colgate-Palmolive Co. | Add +0.0% | 1.10% | −0.10 |
| MCD McDonald's Corp. | Add +0.9% | 0.88% | −0.11 |
| JNJ Johnson & Johnson | Add +4.1% | 1.29% | −0.13 |
Options Activity Q1 2025 → Q2 2025
| C Citigroup Inc. | put | Reduce -99.0% | 40 | $340K |
| KMI Kinder Morgan Inc. | call | Sold out | 1,900 | $54Kbefore exit |
| MTB M & T Bank Corp. | call | Sold out | 200 | $36Kbefore 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 |