Northcape Wealth Management, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), Northcape Wealth Management, LLC reported 139 stock positions worth $342.5 million. Its top holding was SPDR Gold Shares (GLD) at 7.7% of the portfolio, followed by Janus Henderson Aaa Clo ETF (JAAA, 5.5%) and iShares Core MSCI Eafe ETF (IEFA, 4.0%). Compared with Q2 2025, it opened 7 new positions, sold out of 4, added to 63 and reduced 44. The biggest buy was SPDR Gold Shares (GLD, shares +0%) and the biggest sale an exit from Unitedhealth (UNH).

Most Recent 13F
Q2 2026
Location
WILLIAMSVILLE, NY
CIK
0001902806
Portfolio Value
$342.5M (Q3 2025)
SEC Filing
0001902806-25-000007 ↗ filed Nov 4, 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 Q2 2025 Q3 2025: $342.5M $342.5M Q3 2025 Q4 2025: $353.6M Q4 2025 Q1 2026: $366.7M Q1 2026 Q2 2026: $381.1M Q2 2026

Holdings 139 stocks · $342.5M
GLD SPDR Gold Shares 7.72% 74,398 $26.4M Add +0.4%
JAAA Janus Henderson Aaa Clo ETF 5.48% 369,320 $18.8M Add +4.7%
IEFA iShares Core MSCI Eafe ETF 4.00% 156,836 $13.7M Add +1.1%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 3.76% 115,578 $12.9M Reduce -10.8%
IQLT iShares MSCI International Q 3.11% 241,035 $10.7M Add +1.7%
AAPL Apple Inc. 3.06% 41,156 $10.5M Add +1.0%
MSFT Microsoft Corp. 2.67% 17,636 $9.1M Reduce -2.7%
KMI Kinder Morgan Inc. 2.58% 312,486 $8.8M Reduce -0.2%
VO Vngrd Mrngstr MD-Cap ETF-Usd 2.17% 25,351 $7.4M Add +0.5%
WMT Walmart Inc. 2.05% 68,190 $7.0M Reduce -0.5%
JPM JPMorgan Chase & Co. 1.75% 19,022 $6.0M Reduce -1.6%
LLY Eli Lilly & Co. 1.73% 7,782 $5.9M Add +1.0%
COST Costco Wholesale Corp. 1.71% 6,312 $5.8M Reduce -0.2%
ABT Abbott Laboratories 1.59% 40,627 $5.4M Reduce -0.7%
GD General Dynamics Corp. 1.59% 15,923 $5.4M Reduce -0.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.52% 18,461 $5.2M Add +0.2%
JNJ Johnson & Johnson 1.51% 27,807 $5.2M Add +0.7%
PEP Pepsico Inc. 1.48% 36,008 $5.1M Add +3.8%
RTX RTX Corp. 1.43% 29,296 $4.9M Reduce -0.7%
ANET Arista Networks Inc. 1.42% 33,400 $4.9M Reduce -2.0%
V Visa Inc. Class A 1.39% 13,896 $4.7M Reduce -1.8%
EMR Emerson Electric Co. 1.32% 34,369 $4.5M Add +0.1%
GOOG Alphabet Inc. Class C 1.29% 18,091 $4.4M Reduce -0.7%
XOM Exxon Mobil Corp. 1.28% 38,960 $4.4M Add +2.0%
CSCO Cisco Systems Inc. 1.18% 59,197 $4.1M Add +0.5%
NEE Nextera Energy Inc. 1.15% 52,206 $3.9M Add +1.0%
AVGO Broadcom Inc. 1.11% 11,480 $3.8M Reduce -0.7%
ADI Analog Devices Inc. 1.06% 14,828 $3.6M Reduce -0.0%
CB Chubb Ltd. 1.03% 12,532 $3.5M Add +0.7%
AMZN Amazon.com Inc. 1.02% 15,923 $3.5M Add +0.5%
ETN Eaton Corp. PLC 1.01% 9,200 $3.4M Reduce -32.2%
CL Colgate-Palmolive Co. 0.94% 40,380 $3.2M Add +2.0%
SYK Stryker Corp. 0.94% 8,699 $3.2M Add +0.2%
DE Deere & Co. 0.93% 6,933 $3.2M Add +0.9%
HII Huntington Ingalls Industrie 0.92% 10,999 $3.2M Reduce -32.8%
ECL Ecolab Inc. 0.92% 11,472 $3.1M Add +0.2%
HD Home Depot Inc. 0.90% 7,586 $3.1M Add +1.1%
MCD McDonald's Corp. 0.89% 10,013 $3.0M Add +1.8%
KO The Coca-Cola Co. 0.84% 43,302 $2.9M Add +0.1%
UNP Union Pacific Corp. 0.82% 11,811 $2.8M New
ROK Rockwell Automation Inc. 0.78% 7,649 $2.7M Add +1.4%
ABBV Abbvie Inc. 0.78% 11,494 $2.7M Reduce -0.8%
BHP BHP Group Ltd.-Spon ADR 0.75% 46,097 $2.6M Add +6.1%
BDX Becton Dickinson and Co. 0.72% 13,177 $2.5M Add +30.6%
ES Eversource Energy 0.69% 33,432 $2.4M Add +3.4%
HON Honeywell International Inc. 0.68% 11,077 $2.3M Add +2.7%
MS Morgan Stanley 0.68% 14,647 $2.3M No change
ACN Accenture PLC Class A 0.68% 9,383 $2.3M Add +48.7%
APD Air Products & Chemicals Inc. 0.67% 8,373 $2.3M Add +1.8%
QCOM Qualcomm Inc. 0.65% 13,281 $2.2M No change
AMT American Tower Corp. 0.62% 11,051 $2.1M Add +2.5%
MTB M & T Bank Corp. filed as M & T BK CORP 0.62% 10,702 $2.1M No change
TXN Texas Instruments Inc. 0.61% 11,387 $2.1M Add +1.6%
AWK American Water Works Co. Inc. 0.59% 14,597 $2.0M Add +2.0%
WWD Woodward Inc. 0.59% 8,013 $2.0M Reduce -21.7%
MDT Medtronic PLC 0.59% 21,248 $2.0M Add +2.5%
DUK Duke Energy Corp. 0.58% 16,154 $2.0M Add +8.3%
ADP Automatic Data Processing 0.56% 6,538 $1.9M Add +1.6%
AXP American Express Co. 0.54% 5,527 $1.8M No change
STZ Constellation Brands Inc. Class A 0.53% 13,442 $1.8M Add +6.3%
MDLZ Mondelez International Inc. Class A 0.50% 27,209 $1.7M Add +4.0%
PG The Procter & Gamble Co. 0.50% 11,049 $1.7M Reduce -0.2%
VYM Vanguard High DVD Yield ETF 0.49% 11,820 $1.7M Add +1.2%
HGER Harbor Commodity All Weather 0.45% 59,297 $1.5M Add +31.3%
SPLV Invesco S&P 500 Low Volatili 0.40% 18,698 $1.4M Reduce -2.1%
MA Mastercard Inc. Class A 0.35% 2,080 $1.2M Reduce -12.6%
COF Capital One Financial Corp. 0.35% 5,561 $1.2M No change
IDV iShares International Select 0.33% 31,319 $1.1M Add +3.3%
NVDA Nvidia Corp. 0.33% 6,083 $1.1M Reduce -0.7%
IAU iShares Gold Trust 0.32% 15,246 $1.1M Reduce -1.2%
NVS Novartis AG-Sponsored ADR 0.31% 8,370 $1.1M No change
IGLD FT Vest Gold Strategy Target 0.30% 43,297 $1.0M Add +0.9%
SCHW Schwab (charles) Corp. 0.30% 10,637 $1.0M No change
GS Goldman Sachs Group Inc. 0.29% 1,248 $994K No change
INTC Intel Corp. 0.28% 28,906 $970K No change
NSC Norfolk Southern Corp. 0.27% 3,100 $931K Add +0.1%
ORCL Oracle Corp. 0.26% 3,161 $889K Reduce -13.8%
LMT Lockheed Martin Corp. 0.24% 1,673 $835K Add +0.5%
BA The Boeing Co. 0.24% 3,866 $834K Add +0.5%
CHD Church & Dwight Co. Inc. 0.24% 9,404 $824K Reduce -9.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.23% 1,190 $793K No change
AMGN Amgen Inc. 0.22% 2,666 $752K Add +0.1%
BRK.B Berkshire Hathaway Inc. Class B 0.20% 1,389 $698K Reduce -1.4%
PFE Pfizer Inc. 0.20% 26,437 $674K Add +0.5%
TRV The Travelers Cos Inc. 0.20% 2,400 $670K No change
DEM Wisdomtree Emerging Markets 0.19% 14,326 $659K Reduce -0.6%
AEP American Electric Power 0.19% 5,824 $655K No change
MRK Merck & Co. Inc. 0.19% 7,801 $655K Reduce -2.6%
CVX Chevron Corp. 0.19% 4,181 $649K Add +3.9%
AMP Ameriprise Financial Inc. 0.19% 1,300 $639K No change
FDX FedEx Corp. 0.19% 2,698 $636K No change
MO Altria Group Inc. 0.18% 9,585 $633K Add +0.1%
VTI VG Morningstar TS MKT ETF-US 0.18% 1,870 $614K No change
VOO Vanguard S&P 500 ETF 0.18% 990 $606K No change
META Meta Platforms Inc. Class A 0.17% 796 $585K Add +0.9%
LOW Lowe's Cos Inc. 0.17% 2,293 $576K Add +0.2%
BMY Bristol-Myers Squibb Co. 0.16% 12,304 $555K Reduce -6.4%
VYMI Vanguard Int High DVD YLD Inc. 0.15% 6,017 $510K Reduce -0.5%
ITW Illinois Tool Works 0.15% 1,924 $502K Add +0.1%
TAP Molson Coors Beverage Co. Class B 0.15% 11,080 $501K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.14% 2,588 $483K Reduce -2.3%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.12% 4,035 $414K No change
SHY iShares 1-3 Year Treasury Bo 0.12% 4,975 $413K New
UPS United Parcel Service Class B 0.11% 4,688 $392K Add +1.1%
AFL Aflac Inc. 0.11% 3,396 $379K Add +0.2%
PSX Phillips 66 0.11% 2,767 $376K Reduce -0.8%
GOOGL Alphabet Inc. Class A 0.11% 1,512 $368K Add +3.4%
VTEB Vanguard Tax-Exempt Bond ETF 0.11% 7,308 $366K Reduce -9.9%
PAYX Paychex Inc. 0.10% 2,746 $348K Add +0.8%
SYY Sysco Corp. 0.10% 4,211 $347K No change
WFC Wells Fargo & Co. 0.10% 4,134 $347K Reduce -0.1%
PFF iShares Preferred & Income S 0.10% 10,919 $345K Reduce -12.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.10% 6,625 $342K No change
WELL Welltower Inc. 0.10% 1,896 $338K Reduce -2.6%
MMM 3M Co. 0.10% 2,108 $327K Reduce -4.6%
YUM Yum! Brands Inc. 0.10% 2,143 $326K No change
NFG National Fuel Gas Co. 0.09% 3,513 $324K Reduce -7.0%
PKG Packaging Corp. of America 0.09% 1,456 $317K Add +0.8%
LH Labcorp Holdings Inc. 0.09% 1,100 $316K Reduce -20.4%
LIN Linde PLC 0.09% 624 $296K Reduce -0.3%
SCHD Schwab US DVD Equity ETF 0.09% 10,800 $295K No change
VB Vanguard Most SM-Cap ETF-Usd 0.08% 1,123 $286K Add +1.2%
TDIV FT Nasdaq Tech DVD Index FD 0.08% 2,790 $275K Reduce -28.6%
AZN Astrazeneca PLC-Spons ADR 0.08% 3,450 $265K No change
DOW Dow Inc. 0.08% 11,426 $262K New
VONG Vanguard Russell 1000 Growth 0.08% 2,156 $260K No change
CLX Clorox Company 0.08% 2,104 $259K Reduce -0.1%
OKE Oneok Inc. 0.07% 3,435 $251K New
HSY The Hershey Co. 0.07% 1,337 $250K Reduce -18.3%
SBUX Starbucks Corp. 0.07% 2,754 $233K Reduce -5.7%
KODK Eastman Kodak Co. 0.07% 35,000 $224K New
GILD Gilead Sciences Inc. 0.06% 1,992 $221K Add +0.3%
PRU Prudential Financial Inc. 0.06% 2,096 $217K Add +1.2%
MUSA Murphy USA Inc. 0.06% 550 $214K No change
O Realty Income Corp. 0.06% 3,511 $213K Add +0.6%
AGIO Agios Pharmaceuticals Inc. 0.06% 5,240 $210K New
MKC McCormick & Co.-Non VTG SHRS 0.06% 3,091 $207K Add +1.6%
ET Energy Transfer LP 0.06% 12,000 $206K Add +4.3%
FLOT iShares Floating Rate Bond E 0.06% 4,000 $204K New

Portfolio Sells Q2 2025 → Q3 2025
UNH Unitedhealth Group Inc. Sold out 0.00% −0.79
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -10.8% 3.76% −0.57
ETN Eaton Corp. PLC Reduce -32.2% 1.01% −0.47
HII Huntington Ingalls Industrie Reduce -32.8% 0.92% −0.28
JNPR Juniper Networks Inc. Sold out 0.00% −0.23
KMI Kinder Morgan Inc. Reduce -0.2% 2.58% −0.23
COST Costco Wholesale Corp. Reduce -0.2% 1.71% −0.21
WWD Woodward Inc. Reduce -21.7% 0.59% −0.17
V Visa Inc. Class A Reduce -1.8% 1.39% −0.15
ABT Abbott Laboratories Reduce -0.7% 1.59% −0.11
MSFT Microsoft Corp. Reduce -2.7% 2.67% −0.08
GE General Electric Sold out 0.00% −0.08
IWF iShares Russell 1000 Growth Sold out 0.00% −0.06
CHD Church & Dwight Co. Inc. Reduce -9.3% 0.24% −0.06
MA Mastercard Inc. Class A Reduce -12.6% 0.35% −0.06
PG The Procter & Gamble Co. Reduce -0.2% 0.50% −0.04
TDIV FT Nasdaq Tech DVD Index FD Reduce -28.6% 0.08% −0.03
BMY Bristol-Myers Squibb Co. Reduce -6.4% 0.16% −0.02
SPLV Invesco S&P 500 Low Volatili Reduce -2.1% 0.40% −0.02
LH Labcorp Holdings Inc. Reduce -20.4% 0.09% −0.02
PFF iShares Preferred & Income S Reduce -12.1% 0.10% −0.02
VTEB Vanguard Tax-Exempt Bond ETF Reduce -9.9% 0.11% −0.01
SBUX Starbucks Corp. Reduce -5.7% 0.07% −0.01
ADI Analog Devices Inc. Reduce -0.0% 1.06% −0.01
HSY The Hershey Co. Reduce -18.3% 0.07% −0.01
MMM 3M Co. Reduce -4.6% 0.10% −0.01
DEM Wisdomtree Emerging Markets Reduce -0.6% 0.19% −0.01
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.4% 0.20% −0.01
LIN Linde PLC Reduce -0.3% 0.09% −0.00
NFG National Fuel Gas Co. Reduce -7.0% 0.09% −0.00
MRK Merck & Co. Inc. Reduce -2.6% 0.19% −0.00
VTV Vanguard Mrngstr Val ETF-Aui Reduce -2.3% 0.14% −0.00
CLX Clorox Company Reduce -0.1% 0.08% −0.00
WFC Wells Fargo & Co. Reduce -0.1% 0.10% 0.00
VYMI Vanguard Int High DVD YLD Inc. Reduce -0.5% 0.15% +0.00
WMT Walmart Inc. Reduce -0.5% 2.05% +0.01
WELL Welltower Inc. Reduce -2.6% 0.10% +0.01
PSX Phillips 66 Reduce -0.8% 0.11% +0.01
ORCL Oracle Corp. Reduce -13.8% 0.26% +0.01
IAU iShares Gold Trust Reduce -1.2% 0.32% +0.03
NVDA Nvidia Corp. Reduce -0.7% 0.33% +0.04
JPM JPMorgan Chase & Co. Reduce -1.6% 1.75% +0.04
RTX RTX Corp. Reduce -0.7% 1.43% +0.12
ABBV Abbvie Inc. Reduce -0.8% 0.78% +0.12
AVGO Broadcom Inc. Reduce -0.7% 1.11% +0.13
GD General Dynamics Corp. Reduce -0.1% 1.59% +0.17
GOOG Alphabet Inc. Class C Reduce -0.7% 1.29% +0.30
ANET Arista Networks Inc. Reduce -2.0% 1.42% +0.36

Portfolio Buys Q2 2025 → Q3 2025
GLD SPDR Gold Shares Add +0.4% 7.72% +0.83
UNP Union Pacific Corp. New 0.82% +0.82
AAPL Apple Inc. Add +1.0% 3.06% +0.51
JNJ Johnson & Johnson Add +0.7% 1.51% +0.22
BDX Becton Dickinson and Co. Add +30.6% 0.72% +0.19
SHY iShares 1-3 Year Treasury Bo New 0.12% +0.12
BHP BHP Group Ltd.-Spon ADR Add +6.1% 0.75% +0.11
HGER Harbor Commodity All Weather Add +31.3% 0.45% +0.11
ACN Accenture PLC Class A Add +48.7% 0.68% +0.10
PEP Pepsico Inc. Add +3.8% 1.48% +0.08
DOW Dow Inc. New 0.08% +0.08
OKE Oneok Inc. New 0.07% +0.07
ES Eversource Energy Add +3.4% 0.69% +0.07
KODK Eastman Kodak Co. New 0.07% +0.07
AGIO Agios Pharmaceuticals Inc. New 0.06% +0.06
FLOT iShares Floating Rate Bond E New 0.06% +0.06
HD Home Depot Inc. Add +1.1% 0.90% +0.06
NEE Nextera Energy Inc. Add +1.0% 1.15% +0.06
IEFA iShares Core MSCI Eafe ETF Add +1.1% 4.00% +0.05
DUK Duke Energy Corp. Add +8.3% 0.58% +0.05
MDT Medtronic PLC Add +2.5% 0.59% +0.04
NSC Norfolk Southern Corp. Add +0.1% 0.27% +0.03
GOOGL Alphabet Inc. Class A Add +3.4% 0.11% +0.03
XOM Exxon Mobil Corp. Add +2.0% 1.28% +0.03
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +0.5% 2.17% +0.02
IGLD FT Vest Gold Strategy Target Add +0.9% 0.30% +0.02
ROK Rockwell Automation Inc. Add +1.4% 0.78% +0.02
IDV iShares International Select Add +3.3% 0.33% +0.01
JAAA Janus Henderson Aaa Clo ETF Add +4.7% 5.48% +0.01
CVX Chevron Corp. Add +3.9% 0.19% +0.01
MO Altria Group Inc. Add +0.1% 0.18% +0.01
LOW Lowe's Cos Inc. Add +0.2% 0.17% +0.01
MCD McDonald's Corp. Add +1.8% 0.89% +0.01
VYM Vanguard High DVD Yield ETF Add +1.2% 0.49% +0.01
PKG Packaging Corp. of America Add +0.8% 0.09% +0.01
LMT Lockheed Martin Corp. Add +0.5% 0.24% +0.01
VB Vanguard Most SM-Cap ETF-Usd Add +1.2% 0.08% +0.00
PFE Pfizer Inc. Add +0.5% 0.20% +0.00
AFL Aflac Inc. Add +0.2% 0.11% +0.00
ITW Illinois Tool Works Add +0.1% 0.15% +0.00
O Realty Income Corp. Add +0.6% 0.06% +0.00
BA The Boeing Co. Add +0.5% 0.24% −0.00
GILD Gilead Sciences Inc. Add +0.3% 0.06% −0.00
ET Energy Transfer LP Add +4.3% 0.06% −0.00
PRU Prudential Financial Inc. Add +1.2% 0.06% −0.00
META Meta Platforms Inc. Class A Add +0.9% 0.17% −0.01
AMGN Amgen Inc. Add +0.1% 0.22% −0.01
MKC McCormick & Co.-Non VTG SHRS Add +1.6% 0.06% −0.01
AWK American Water Works Co. Inc. Add +2.0% 0.59% −0.01
IQLT iShares MSCI International Q Add +1.7% 3.11% −0.02

Options Activity Q2 2025 → Q3 2025
C Citigroup Inc. put Sold out 40 $340Kbefore 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