Northcape Wealth Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 22, 2026), Northcape Wealth Management, LLC reported 135 stock positions worth $353.6 million. Its top holding was SPDR Gold Shares (GLD) at 8.2% of the portfolio, followed by Janus Henderson Aaa Clo ETF (JAAA, 5.4%) and iShares Core MSCI Eafe ETF (IEFA, 4.0%). Compared with Q3 2025, it opened 4 new positions, sold out of 8, added to 42 and reduced 56. The biggest buy was Harbor Commodity All Weather (HGER, shares +284%) and the biggest sale an exit from Constellation Brands Class A (STZ).
- Most Recent 13F
- Q2 2026
- Location
- WILLIAMSVILLE, NY
- CIK
- 0001902806
- Portfolio Value
- $353.6M (Q4 2025)
- SEC Filing
- 0001902806-26-000001 ↗ filed Jan 22, 2026
Holdings Value
Holdings 135 stocks · $353.6M
| GLD SPDR Gold Shares | 8.18% | 72,966 | $28.9M | Reduce -1.9% |
| JAAA Janus Henderson Aaa Clo ETF | 5.35% | 374,152 | $18.9M | Add +1.3% |
| IEFA iShares Core MSCI Eafe ETF | 3.99% | 157,646 | $14.1M | Add +0.5% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 3.59% | 115,180 | $12.7M | Reduce -0.3% |
| IQLT iShares MSCI International Q | 3.15% | 244,862 | $11.1M | Add +1.6% |
| AAPL Apple Inc. | 3.12% | 40,583 | $11.0M | Reduce -1.4% |
| KMI Kinder Morgan Inc. | 2.40% | 309,056 | $8.5M | Reduce -1.1% |
| MSFT Microsoft Corp. | 2.37% | 17,333 | $8.4M | Reduce -1.7% |
| WMT Walmart Inc. | 2.11% | 66,903 | $7.5M | Reduce -1.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.06% | 25,068 | $7.3M | Reduce -1.1% |
| JPM JPMorgan Chase & Co. | 1.66% | 18,234 | $5.9M | Reduce -4.1% |
| PEP Pepsico Inc. | 1.64% | 40,454 | $5.8M | Add +12.3% |
| JNJ Johnson & Johnson | 1.62% | 27,724 | $5.7M | Reduce -0.3% |
| HGER Harbor Commodity All Weather | 1.60% | 227,495 | $5.6M | Add +283.6% |
| GOOG Alphabet Inc. Class C | 1.56% | 17,612 | $5.5M | Reduce -2.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.54% | 18,381 | $5.4M | Reduce -0.4% |
| COST Costco Wholesale Corp. | 1.54% | 6,305 | $5.4M | Reduce -0.1% |
| RTX RTX Corp. | 1.49% | 28,666 | $5.3M | Reduce -2.1% |
| GD General Dynamics Corp. | 1.48% | 15,583 | $5.2M | Reduce -2.1% |
| LLY Eli Lilly & Co. | 1.47% | 4,828 | $5.2M | Reduce -38.0% |
| ABT Abbott Laboratories | 1.44% | 40,651 | $5.1M | Add +0.1% |
| V Visa Inc. Class A | 1.38% | 13,959 | $4.9M | Add +0.5% |
| XOM Exxon Mobil Corp. | 1.34% | 39,450 | $4.7M | Add +1.3% |
| EMR Emerson Electric Co. | 1.28% | 34,024 | $4.5M | Reduce -1.0% |
| CSCO Cisco Systems Inc. | 1.28% | 58,581 | $4.5M | Reduce -1.0% |
| ANET Arista Networks Inc. | 1.24% | 33,400 | $4.4M | No change |
| NEE Nextera Energy Inc. | 1.15% | 50,635 | $4.1M | Reduce -3.0% |
| ADI Analog Devices Inc. | 1.13% | 14,716 | $4.0M | Reduce -0.8% |
| AVGO Broadcom Inc. | 1.13% | 11,508 | $4.0M | Add +0.2% |
| CB Chubb Ltd. | 1.10% | 12,492 | $3.9M | Reduce -0.3% |
| AMZN Amazon.com Inc. | 1.06% | 16,254 | $3.8M | Add +2.1% |
| HII Huntington Ingalls Industrie | 1.05% | 10,929 | $3.7M | Reduce -0.6% |
| CL Colgate-Palmolive Co. | 1.01% | 45,319 | $3.6M | Add +12.2% |
| DE Deere & Co. | 0.91% | 6,946 | $3.2M | Add +0.2% |
| MCD McDonald's Corp. | 0.87% | 10,096 | $3.1M | Add +0.8% |
| SYK Stryker Corp. | 0.86% | 8,668 | $3.0M | Reduce -0.4% |
| KO The Coca-Cola Co. | 0.86% | 43,331 | $3.0M | Add +0.1% |
| ECL Ecolab Inc. | 0.85% | 11,449 | $3.0M | Reduce -0.2% |
| ROK Rockwell Automation Inc. | 0.84% | 7,663 | $3.0M | Add +0.2% |
| ETN Eaton Corp. PLC | 0.82% | 9,051 | $2.9M | Reduce -1.6% |
| PG The Procter & Gamble Co. | 0.78% | 19,208 | $2.8M | Add +73.8% |
| UNP Union Pacific Corp. | 0.77% | 11,837 | $2.7M | Add +0.2% |
| BHP BHP Group Ltd.-Spon ADR | 0.77% | 44,874 | $2.7M | Reduce -2.6% |
| WM Waste Management Inc. | 0.75% | 12,119 | $2.7M | New |
| HD Home Depot Inc. | 0.75% | 7,720 | $2.7M | Add +1.8% |
| ABBV Abbvie Inc. | 0.73% | 11,341 | $2.6M | Reduce -1.3% |
| MS Morgan Stanley | 0.72% | 14,347 | $2.5M | Reduce -2.0% |
| BDX Becton Dickinson and Co. | 0.71% | 12,961 | $2.5M | Reduce -1.6% |
| WWD Woodward Inc. | 0.68% | 7,910 | $2.4M | Reduce -1.3% |
| QCOM Qualcomm Inc. | 0.66% | 13,632 | $2.3M | Add +2.6% |
| ES Eversource Energy | 0.64% | 33,703 | $2.3M | Add +0.8% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.62% | 10,902 | $2.2M | Add +1.9% |
| HON Honeywell International Inc. | 0.62% | 11,251 | $2.2M | Add +1.6% |
| MDT Medtronic PLC | 0.58% | 21,379 | $2.1M | Add +0.6% |
| AXP American Express Co. | 0.58% | 5,527 | $2.0M | No change |
| TXN Texas Instruments Inc. | 0.57% | 11,637 | $2.0M | Add +2.2% |
| ACN Accenture PLC Class A | 0.57% | 7,519 | $2.0M | Reduce -19.9% |
| AWK American Water Works Co. Inc. | 0.55% | 14,786 | $1.9M | Add +1.3% |
| DUK Duke Energy Corp. | 0.53% | 16,120 | $1.9M | Reduce -0.2% |
| AMT American Tower Corp. | 0.51% | 10,355 | $1.8M | Reduce -6.3% |
| ADP Automatic Data Processing | 0.48% | 6,577 | $1.7M | Add +0.6% |
| VYM Vanguard High DVD Yield ETF | 0.46% | 11,417 | $1.6M | Reduce -3.4% |
| APD Air Products & Chemicals Inc. | 0.46% | 6,620 | $1.6M | Reduce -20.9% |
| IDV iShares International Select | 0.38% | 34,311 | $1.4M | Add +9.6% |
| COF Capital One Financial Corp. | 0.38% | 5,561 | $1.3M | No change |
| SPLV Invesco S&P 500 Low Volatili | 0.36% | 17,611 | $1.3M | Reduce -5.8% |
| IAU iShares Gold Trust | 0.35% | 15,246 | $1.2M | No change |
| BA The Boeing Co. | 0.34% | 5,601 | $1.2M | Add +44.9% |
| MA Mastercard Inc. Class A | 0.34% | 2,079 | $1.2M | Reduce -0.1% |
| NVS Novartis AG-Sponsored ADR | 0.33% | 8,370 | $1.2M | No change |
| NVDA Nvidia Corp. | 0.31% | 5,876 | $1.1M | Reduce -3.4% |
| GS Goldman Sachs Group Inc. | 0.31% | 1,241 | $1.1M | Reduce -0.6% |
| INTC Intel Corp. | 0.30% | 28,906 | $1.1M | No change |
| SCHW Schwab (charles) Corp. | 0.30% | 10,637 | $1.1M | No change |
| IGLD FT Vest Gold Strategy Target | 0.30% | 42,219 | $1.1M | Reduce -2.5% |
| AMGN Amgen Inc. | 0.29% | 3,120 | $1.0M | Add +17.0% |
| MRK Merck & Co. Inc. | 0.25% | 8,536 | $899K | Add +9.4% |
| NSC Norfolk Southern Corp. | 0.25% | 3,067 | $886K | Reduce -1.1% |
| LMT Lockheed Martin Corp. | 0.24% | 1,722 | $833K | Add +2.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.23% | 1,188 | $810K | Reduce -0.2% |
| CHD Church & Dwight Co. Inc. | 0.22% | 9,404 | $789K | No change |
| FDX FedEx Corp. | 0.22% | 2,698 | $779K | No change |
| LIN Linde PLC | 0.22% | 1,790 | $763K | Add +186.9% |
| DEM Wisdomtree Emerging Markets | 0.21% | 16,157 | $755K | Add +12.8% |
| CVX Chevron Corp. | 0.20% | 4,682 | $714K | Add +12.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.20% | 1,389 | $698K | No change |
| TRV The Travelers Cos Inc. | 0.20% | 2,400 | $696K | No change |
| AMP Ameriprise Financial Inc. | 0.18% | 1,300 | $637K | No change |
| BMY Bristol-Myers Squibb Co. | 0.18% | 11,803 | $637K | Reduce -4.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.18% | 1,870 | $627K | No change |
| VOO Vanguard S&P 500 ETF | 0.18% | 990 | $621K | No change |
| AEP American Electric Power | 0.17% | 5,224 | $602K | Reduce -10.3% |
| ORCL Oracle Corp. | 0.17% | 3,051 | $595K | Reduce -3.5% |
| PFE Pfizer Inc. | 0.16% | 22,830 | $568K | Reduce -13.6% |
| MO Altria Group Inc. | 0.16% | 9,746 | $562K | Add +1.7% |
| LOW Lowe's Cos Inc. | 0.16% | 2,293 | $553K | No change |
| VYMI Vanguard Int High DVD YLD Inc. | 0.15% | 6,017 | $542K | No change |
| META Meta Platforms Inc. Class A | 0.15% | 796 | $525K | No change |
| TAP Molson Coors Beverage Co. Class B | 0.15% | 11,080 | $517K | No change |
| UPS United Parcel Service Class B | 0.14% | 5,106 | $506K | Add +8.9% |
Options reported separately and not counted above: C puts ($423K), AVGO calls ($387K), NVDA calls ($19K).
Portfolio Sells Q3 2025 → Q4 2025
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.53 |
| MDLZ Mondelez International Inc. Class A | Reduce -75.6% | 0.10% | −0.40 |
| MSFT Microsoft Corp. | Reduce -1.7% | 2.37% | −0.30 |
| LLY Eli Lilly & Co. | Reduce -38.0% | 1.47% | −0.27 |
| APD Air Products & Chemicals Inc. | Reduce -20.9% | 0.46% | −0.20 |
| ETN Eaton Corp. PLC | Reduce -1.6% | 0.82% | −0.19 |
| KMI Kinder Morgan Inc. | Reduce -1.1% | 2.40% | −0.18 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -0.3% | 3.59% | −0.17 |
| COST Costco Wholesale Corp. | Reduce -0.1% | 1.54% | −0.17 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -1.1% | 2.06% | −0.12 |
| AMT American Tower Corp. | Reduce -6.3% | 0.51% | −0.11 |
| ACN Accenture PLC Class A | Reduce -19.9% | 0.57% | −0.11 |
| GD General Dynamics Corp. | Reduce -2.1% | 1.48% | −0.10 |
| PFF iShares Preferred & Income S | Sold out | 0.00% | −0.10 |
| ORCL Oracle Corp. | Reduce -3.5% | 0.17% | −0.09 |
| JPM JPMorgan Chase & Co. | Reduce -4.1% | 1.66% | −0.09 |
| SYK Stryker Corp. | Reduce -0.4% | 0.86% | −0.08 |
| CLX Clorox Company | Sold out | 0.00% | −0.08 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.07 |
| ECL Ecolab Inc. | Reduce -0.2% | 0.85% | −0.07 |
| O Realty Income Corp. | Sold out | 0.00% | −0.06 |
| AGIO Agios Pharmaceuticals Inc. | Sold out | 0.00% | −0.06 |
| MKC McCormick & Co.-Non VTG SHRS | Sold out | 0.00% | −0.06 |
| FLOT iShares Floating Rate Bond E | Sold out | 0.00% | −0.06 |
| DUK Duke Energy Corp. | Reduce -0.2% | 0.53% | −0.05 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -5.8% | 0.36% | −0.05 |
| ABBV Abbvie Inc. | Reduce -1.3% | 0.73% | −0.04 |
| EMR Emerson Electric Co. | Reduce -1.0% | 1.28% | −0.04 |
| PFE Pfizer Inc. | Reduce -13.6% | 0.16% | −0.04 |
| VYM Vanguard High DVD Yield ETF | Reduce -3.4% | 0.46% | −0.02 |
| NSC Norfolk Southern Corp. | Reduce -1.1% | 0.25% | −0.02 |
| NVDA Nvidia Corp. | Reduce -3.4% | 0.31% | −0.02 |
| MMM 3M Co. | Reduce -22.1% | 0.07% | −0.02 |
| AEP American Electric Power | Reduce -10.3% | 0.17% | −0.02 |
| WELL Welltower Inc. | Reduce -18.0% | 0.08% | −0.02 |
| PKG Packaging Corp. of America | Reduce -7.0% | 0.08% | −0.01 |
| KODK Eastman Kodak Co. | Reduce -35.7% | 0.05% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -0.1% | 0.34% | −0.01 |
| BDX Becton Dickinson and Co. | Reduce -1.6% | 0.71% | −0.01 |
| VONG Vanguard Russell 1000 Growth | Reduce -7.2% | 0.07% | −0.01 |
| TDIV FT Nasdaq Tech DVD Index FD | Reduce -2.9% | 0.07% | −0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -2.2% | 0.14% | −0.00 |
| IGLD FT Vest Gold Strategy Target | Reduce -2.5% | 0.30% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.2% | 0.23% | −0.00 |
| GILD Gilead Sciences Inc. | Reduce -9.1% | 0.06% | −0.00 |
| NEE Nextera Energy Inc. | Reduce -3.0% | 1.15% | −0.00 |
| WFC Wells Fargo & Co. | Reduce -4.3% | 0.10% | +0.00 |
| BHP BHP Group Ltd.-Spon ADR | Reduce -2.6% | 0.77% | +0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -7.3% | 0.12% | +0.02 |
| BMY Bristol-Myers Squibb Co. | Reduce -4.1% | 0.18% | +0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| HGER Harbor Commodity All Weather | Add +283.6% | 1.60% | +1.15 |
| WM Waste Management Inc. | New | 0.75% | +0.75 |
| PG The Procter & Gamble Co. | Add +73.8% | 0.78% | +0.28 |
| PEP Pepsico Inc. | Add +12.3% | 1.64% | +0.17 |
| GMMF iShares Govt MMKT ETF | New | 0.13% | +0.13 |
| LIN Linde PLC | Add +186.9% | 0.22% | +0.13 |
| BA The Boeing Co. | Add +44.9% | 0.34% | +0.10 |
| CTSH Cognizant Tech Solutions-A | New | 0.09% | +0.09 |
| CL Colgate-Palmolive Co. | Add +12.2% | 1.01% | +0.07 |
| AMGN Amgen Inc. | Add +17.0% | 0.29% | +0.07 |
| MRK Merck & Co. Inc. | Add +9.4% | 0.25% | +0.06 |
| ROK Rockwell Automation Inc. | Add +0.2% | 0.84% | +0.06 |
| XOM Exxon Mobil Corp. | Add +1.3% | 1.34% | +0.06 |
| GE General Electric | New | 0.06% | +0.06 |
| IDV iShares International Select | Add +9.6% | 0.38% | +0.05 |
| AMZN Amazon.com Inc. | Add +2.1% | 1.06% | +0.04 |
| IQLT iShares MSCI International Q | Add +1.6% | 3.15% | +0.04 |
| UPS United Parcel Service Class B | Add +8.9% | 0.14% | +0.03 |
| OKE Oneok Inc. | Add +36.7% | 0.10% | +0.02 |
| DEM Wisdomtree Emerging Markets | Add +12.8% | 0.21% | +0.02 |
| AVGO Broadcom Inc. | Add +0.2% | 1.13% | +0.02 |
| KO The Coca-Cola Co. | Add +0.1% | 0.86% | +0.02 |
| QCOM Qualcomm Inc. | Add +2.6% | 0.66% | +0.01 |
| CVX Chevron Corp. | Add +12.0% | 0.20% | +0.01 |
| PRU Prudential Financial Inc. | Add +7.4% | 0.07% | +0.01 |
| MTB M & T Bank Corp. | Add +1.9% | 0.62% | +0.00 |
| DOW Dow Inc. | Add +1.5% | 0.08% | +0.00 |
| V Visa Inc. Class A | Add +0.5% | 1.38% | −0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +0.3% | 0.08% | −0.00 |
| SHY iShares 1-3 Year Treasury Bo | Add +0.3% | 0.12% | −0.00 |
| PAYX Paychex Inc. | Add +8.1% | 0.09% | −0.01 |
| LMT Lockheed Martin Corp. | Add +2.9% | 0.24% | −0.01 |
| MDT Medtronic PLC | Add +0.6% | 0.58% | −0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +0.5% | 3.99% | −0.01 |
| DE Deere & Co. | Add +0.2% | 0.91% | −0.01 |
| MCD McDonald's Corp. | Add +0.8% | 0.87% | −0.02 |
| MO Altria Group Inc. | Add +1.7% | 0.16% | −0.03 |
| TXN Texas Instruments Inc. | Add +2.2% | 0.57% | −0.04 |
| UNP Union Pacific Corp. | Add +0.2% | 0.77% | −0.04 |
| AWK American Water Works Co. Inc. | Add +1.3% | 0.55% | −0.05 |
| ES Eversource Energy | Add +0.8% | 0.64% | −0.05 |
| HON Honeywell International Inc. | Add +1.6% | 0.62% | −0.06 |
| ADP Automatic Data Processing | Add +0.6% | 0.48% | −0.08 |
| JAAA Janus Henderson Aaa Clo ETF | Add +1.3% | 5.35% | −0.12 |
| HD Home Depot Inc. | Add +1.8% | 0.75% | −0.15 |
| ABT Abbott Laboratories | Add +0.1% | 1.44% | −0.15 |
Options Activity Q3 2025 → Q4 2025
| C Citigroup Inc. | put | New | 4,000 | $423K |
| AVGO Broadcom Inc. | call | New | 900 | $387K |
| NVDA Nvidia Corp. | call | New | 100 | $19K |
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 |