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

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 Q3 2025 Q4 2025: $353.6M $353.6M Q4 2025 Q1 2026: $366.7M Q1 2026 Q2 2026: $381.1M Q2 2026

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%
VTV Vanguard Mrngstr Val ETF-Aui 0.14% 2,530 $483K Reduce -2.2%
ITW Illinois Tool Works 0.13% 1,924 $474K No change
GMMF iShares Govt MMKT ETF 0.13% 4,700 $471K New
GOOGL Alphabet Inc. Class A 0.12% 1,402 $439K Reduce -7.3%
SHY iShares 1-3 Year Treasury Bo 0.12% 4,988 $413K Add +0.3%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.12% 4,035 $413K No change
AFL Aflac Inc. 0.11% 3,396 $374K No change
WFC Wells Fargo & Co. 0.10% 3,955 $369K Reduce -4.3%
VTEB Vanguard Tax-Exempt Bond ETF 0.10% 7,308 $368K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.10% 6,625 $364K No change
MDLZ Mondelez International Inc. Class A 0.10% 6,638 $357K Reduce -75.6%
PSX Phillips 66 0.10% 2,767 $357K No change
OKE Oneok Inc. 0.10% 4,696 $345K Add +36.7%
PAYX Paychex Inc. 0.09% 2,968 $333K Add +8.1%
YUM Yum! Brands Inc. 0.09% 2,143 $324K No change
AZN Astrazeneca PLC-Spons ADR 0.09% 3,450 $317K No change
SYY Sysco Corp. 0.09% 4,211 $310K No change
CTSH Cognizant Tech Solutions-A 0.09% 3,630 $301K New
SCHD Schwab US DVD Equity ETF 0.08% 10,800 $296K No change
VB Vanguard Most SM-Cap ETF-Usd 0.08% 1,126 $290K Add +0.3%
WELL Welltower Inc. 0.08% 1,555 $289K Reduce -18.0%
NFG National Fuel Gas Co. 0.08% 3,513 $281K No change
PKG Packaging Corp. of America 0.08% 1,354 $279K Reduce -7.0%
LH Labcorp Holdings Inc. 0.08% 1,100 $276K No change
DOW Dow Inc. 0.08% 11,602 $271K Add +1.5%
MMM 3M Co. 0.07% 1,642 $263K Reduce -22.1%
TDIV FT Nasdaq Tech DVD Index FD 0.07% 2,710 $262K Reduce -2.9%
PRU Prudential Financial Inc. 0.07% 2,252 $254K Add +7.4%
VONG Vanguard Russell 1000 Growth 0.07% 2,000 $244K Reduce -7.2%
HSY The Hershey Co. 0.07% 1,337 $243K No change
GILD Gilead Sciences Inc. 0.06% 1,810 $222K Reduce -9.1%
MUSA Murphy USA Inc. 0.06% 550 $222K No change
GE General Electric filed as GE AEROSPACE 0.06% 662 $204K New
ET Energy Transfer LP 0.06% 12,000 $198K No change
KODK Eastman Kodak Co. 0.05% 22,500 $190K Reduce -35.7%

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

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