Northern Capital Management, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), Northern Capital Management, Inc. reported 40 stock positions worth $163.1 million. Its top holding was Schwab US Large-Cap Growth (SCHG) at 32.7% of the portfolio, followed by Schwab US Large-Cap Value (SCHV, 19.1%) and Invesco QQQ Trust Series 1 (QQQ, 18.6%). Compared with Q3 2024, it opened 2 new positions, sold out of 3, added to 12 and reduced 13. The biggest buy was Vngrd Mrgstr LRG-Cap ETF-Usd (VV, shares +8%) and the biggest sale Johnson & Johnson (JNJ, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- SPOKANE, WA
- CIK
- 0001581794
- Portfolio Value
- $163.1M (Q4 2024)
- SEC Filing
- 0001581794-25-000002 ↗ filed Feb 10, 2025
Holdings Value
Holdings 40 stocks · $163.1M
| SCHG Schwab US Large-Cap Growth | 32.71% | 1,913,968 | $53.3M | Reduce -1.0% |
| SCHV Schwab US Large-Cap Value | 19.13% | 1,196,755 | $31.2M | Add +0.2% |
| QQQ Invesco QQQ Trust Series 1 | 18.56% | 59,204 | $30.3M | Add +0.2% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 8.55% | 51,666 | $13.9M | Add +8.0% |
| SCHM Schwab US Mid Cap ETF | 3.77% | 221,628 | $6.1M | Reduce -2.0% |
| AAPL Apple Inc. | 2.03% | 13,198 | $3.3M | Reduce -0.7% |
| JNJ Johnson & Johnson | 1.79% | 20,188 | $2.9M | Reduce -0.1% |
| MSFT Microsoft Corp. | 1.74% | 6,728 | $2.8M | Reduce -2.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.24% | 7,670 | $2.0M | Add +7.7% |
| FIBK First Interstate Bancsys-A | 1.02% | 51,247 | $1.7M | Add +0.5% |
| AMZN Amazon.com Inc. | 0.99% | 7,353 | $1.6M | Add +0.6% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.79% | 3,023 | $1.3M | No change |
| COST Costco Wholesale Corp. | 0.62% | 1,103 | $1.0M | Add +0.2% |
| NVDA Nvidia Corp. | 0.54% | 6,517 | $875K | Add +2.3% |
| SCHB Schwab US Broad Market ETF | 0.52% | 37,306 | $847K | Add +0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.46% | 1,656 | $751K | Reduce -6.5% |
| GOOG Alphabet Inc. Class C | 0.43% | 3,647 | $695K | No change |
| VOO Vanguard S&P 500 ETF | 0.42% | 1,273 | $686K | Add +2.1% |
| AON Aon PLC Class A | 0.37% | 1,688 | $606K | No change |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.37% | 11,085 | $606K | Add +18.1% |
| NEE Nextera Energy Inc. | 0.34% | 7,729 | $554K | No change |
| CVX Chevron Corp. | 0.34% | 3,825 | $554K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.28% | 1,596 | $462K | Add +0.2% |
| XOM Exxon Mobil Corp. | 0.27% | 4,092 | $440K | Reduce -5.6% |
| VNQ Vanguard Real Estate ETF | 0.25% | 4,623 | $412K | No change |
| SBUX Starbucks Corp. | 0.24% | 4,359 | $398K | No change |
| META Meta Platforms Inc. Class A | 0.23% | 647 | $379K | No change |
| JPM JPMorgan Chase & Co. | 0.20% | 1,385 | $332K | Reduce -11.5% |
| BA The Boeing Co. | 0.19% | 1,759 | $311K | Reduce -6.2% |
| IMCG iShares Morningstar Mid-Cap | 0.18% | 3,880 | $293K | No change |
| GOOGL Alphabet Inc. Class A | 0.16% | 1,408 | $267K | Reduce -19.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.16% | 1,156 | $254K | Reduce -13.8% |
| VEU Vanguard Ftse All-World Ex-U | 0.15% | 4,248 | $244K | No change |
| ABBV Abbvie Inc. | 0.15% | 1,372 | $244K | Reduce -7.7% |
| EPD Enterprise Products Partners | 0.14% | 7,409 | $232K | Reduce -12.7% |
| USXF iShares ESG Advance MSCI USA | 0.14% | 4,455 | $222K | No change |
| ITOT iShares Core S&P Total U.S. | 0.13% | 1,696 | $218K | No change |
| WFC Wells Fargo & Co. | 0.13% | 3,084 | $217K | New |
| CMI Cummins Inc. | 0.13% | 611 | $213K | New |
| DLN Wisdomtree US Largecap Divid | 0.13% | 2,714 | $211K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| JNJ Johnson & Johnson | Reduce -0.1% | 1.79% | −0.28 |
| SCHM Schwab US Mid Cap ETF | Reduce -2.0% | 3.77% | −0.19 |
| MSFT Microsoft Corp. | Reduce -2.8% | 1.74% | −0.14 |
| COP Conocophillips | Sold out | 0.00% | −0.14 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.13 |
| CEF Sprott Physical Gold and Sil | Sold out | 0.00% | −0.13 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -6.5% | 0.46% | −0.05 |
| XOM Exxon Mobil Corp. | Reduce -5.6% | 0.27% | −0.05 |
| ABBV Abbvie Inc. | Reduce -7.7% | 0.15% | −0.04 |
| IBM Intl Business Machines Corp. | Reduce -13.8% | 0.16% | −0.03 |
| GOOGL Alphabet Inc. Class A | Reduce -19.7% | 0.16% | −0.02 |
| EPD Enterprise Products Partners | Reduce -12.7% | 0.14% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -11.5% | 0.20% | −0.00 |
| BA The Boeing Co. | Reduce -6.2% | 0.19% | +0.01 |
| AAPL Apple Inc. | Reduce -0.7% | 2.03% | +0.07 |
| SCHG Schwab US Large-Cap Growth | Reduce -1.0% | 32.71% | +0.88 |
Portfolio Buys Q3 2024 → Q4 2024
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +8.0% | 8.55% | +0.59 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.2% | 18.56% | +0.34 |
| WFC Wells Fargo & Co. | New | 0.13% | +0.13 |
| CMI Cummins Inc. | New | 0.13% | +0.13 |
| AMZN Amazon.com Inc. | Add +0.6% | 0.99% | +0.13 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +7.7% | 1.24% | +0.06 |
| NVDA Nvidia Corp. | Add +2.3% | 0.54% | +0.05 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +18.1% | 0.37% | +0.05 |
| FIBK First Interstate Bancsys-A | Add +0.5% | 1.02% | +0.03 |
| VOO Vanguard S&P 500 ETF | Add +2.1% | 0.42% | +0.00 |
| COST Costco Wholesale Corp. | Add +0.2% | 0.62% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.2% | 0.28% | −0.00 |
| SCHB Schwab US Broad Market ETF | Add +0.1% | 0.52% | −0.00 |
| SCHV Schwab US Large-Cap Value | Add +0.2% | 19.13% | −1.08 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 55 | $234.5M | SCHG, SCHV, QQQ, VV, SPYV |
| Q1 2026 | 51 | $199.5M | SCHG, SCHV, QQQ, SPYV, VV |
| Q4 2025 | 52 | $189.3M | SCHG, QQQ, SCHV, VV, GBCI |
| Q3 2025 | 46 | $184.3M | SCHG, QQQ, SCHV, VV, GBCI |
| Q2 2025 | 44 | $170.0M | SCHG, QQQ, SCHV, VV, SCHM |
| Q1 2025 | 43 | $153.4M | SCHG, SCHV, QQQ, VV, SCHM |
| Q4 2024 | 40 | $163.1M | SCHG, SCHV, QQQ, VV, SCHM |
| Q3 2024 | 41 | $158.3M | SCHG, SCHV, QQQ, VV, SCHM |
| Q2 2024 | 39 | $149.8M | SCHG, SCHV, QQQ, VV, SCHM |
| Q1 2024 | 37 | $143.3M | SCHG, SCHV, QQQ, VV, SCHM |