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

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 Q1 2025 Q2 2025: $327.6M $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 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
ITW Illinois Tool Works 0.14% 1,922 $475K Add +2.1%
VTV Vanguard Mrngstr Val ETF-Aui 0.14% 2,649 $468K New
UPS United Parcel Service Class B 0.14% 4,637 $468K Add +5.0%
VTEB Vanguard Tax-Exempt Bond ETF 0.12% 8,108 $398K New
PAYX Paychex Inc. 0.12% 2,725 $396K Reduce -4.1%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.12% 4,035 $389K Add +6.6%
PFF iShares Preferred & Income S 0.12% 12,419 $381K Reduce -1.6%
LH Labcorp Holdings Inc. 0.11% 1,382 $363K No change
AFL Aflac Inc. 0.11% 3,390 $358K Reduce -9.6%
TDIV FT Nasdaq Tech DVD Index FD 0.11% 3,908 $352K Reduce -11.4%
MMM 3M Co. 0.10% 2,209 $336K Reduce -0.4%
PSX Phillips 66 0.10% 2,790 $333K Add +13.4%
WFC Wells Fargo & Co. 0.10% 4,138 $332K Add +35.8%
NFG National Fuel Gas Co. 0.10% 3,776 $320K No change
SYY Sysco Corp. 0.10% 4,211 $319K Reduce -1.3%
YUM Yum! Brands Inc. 0.10% 2,143 $318K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.10% 6,625 $313K Reduce -2.2%
WELL Welltower Inc. 0.09% 1,946 $299K Reduce -6.3%
LIN Linde PLC 0.09% 626 $294K No change
SCHD Schwab US DVD Equity ETF 0.09% 10,800 $286K No change
PKG Packaging Corp. of America 0.08% 1,445 $272K Reduce -5.1%
HSY The Hershey Co. 0.08% 1,637 $272K No change
SBUX Starbucks Corp. 0.08% 2,920 $268K Reduce -20.4%
GE General Electric filed as GE AEROSPACE 0.08% 1,037 $267K No change
VB Vanguard Most SM-Cap ETF-Usd 0.08% 1,110 $263K Add +2.4%
GOOGL Alphabet Inc. Class A 0.08% 1,462 $258K New
CLX Clorox Company 0.08% 2,106 $253K Add +6.7%
AZN Astrazeneca PLC-Spons ADR 0.07% 3,450 $241K No change
VONG Vanguard Russell 1000 Growth 0.07% 2,156 $235K New
MKC McCormick & Co.-Non VTG SHRS 0.07% 3,041 $231K Reduce -43.8%
MUSA Murphy USA Inc. 0.07% 550 $224K No change
PRU Prudential Financial Inc. 0.07% 2,072 $223K Reduce -1.6%
GILD Gilead Sciences Inc. 0.07% 1,987 $220K Reduce -3.2%
IWF iShares Russell 1000 Growth 0.06% 500 $212K New
ET Energy Transfer LP 0.06% 11,500 $208K No change
O Realty Income Corp. 0.06% 3,491 $201K Reduce -1.4%

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

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