Northern Capital Management, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Northern Capital Management, Inc. reported 43 stock positions worth $153.4 million. Its top holding was Schwab US Large-Cap Growth (SCHG) at 30.0% of the portfolio, followed by Schwab US Large-Cap Value (SCHV, 20.4%) and Invesco QQQ Trust Series 1 (QQQ, 17.9%). Compared with Q4 2024, it opened 4 new positions, sold out of 1, added to 18 and reduced 7. The biggest buy was a new position in SS SPDR P S&P 500 Value ETF (SPYV) and the biggest sale Schwab US Large-Cap Growth (SCHG, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- SPOKANE, WA
- CIK
- 0001581794
- Portfolio Value
- $153.4M (Q1 2025)
- SEC Filing
- 0001581794-25-000008 ↗ filed May 9, 2025
Holdings Value
Holdings 43 stocks · $153.4M
| SCHG Schwab US Large-Cap Growth | 30.03% | 1,839,298 | $46.1M | Reduce -3.9% |
| SCHV Schwab US Large-Cap Value | 20.38% | 1,175,952 | $31.3M | Reduce -1.7% |
| QQQ Invesco QQQ Trust Series 1 | 17.94% | 58,667 | $27.5M | Reduce -0.9% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 8.69% | 51,859 | $13.3M | Add +0.4% |
| SCHM Schwab US Mid Cap ETF | 3.64% | 213,298 | $5.6M | Reduce -3.8% |
| JNJ Johnson & Johnson | 2.16% | 19,988 | $3.3M | Reduce -1.0% |
| AAPL Apple Inc. | 1.93% | 13,341 | $3.0M | Add +1.1% |
| MSFT Microsoft Corp. | 1.71% | 7,004 | $2.6M | Add +4.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.41% | 8,346 | $2.2M | Add +8.8% |
| FIBK First Interstate Bancsys-A | 0.96% | 51,502 | $1.5M | Add +0.5% |
| AMZN Amazon.com Inc. | 0.91% | 7,373 | $1.4M | Add +0.3% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.83% | 3,023 | $1.3M | No change |
| COST Costco Wholesale Corp. | 0.70% | 1,133 | $1.1M | Add +2.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.60% | 3,365 | $925K | Add +110.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.58% | 1,656 | $882K | No change |
| SCHB Schwab US Broad Market ETF | 0.53% | 37,686 | $811K | Add +1.0% |
| VOO Vanguard S&P 500 ETF | 0.49% | 1,452 | $746K | Add +14.1% |
| NVDA Nvidia Corp. | 0.45% | 6,404 | $694K | Reduce -1.7% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.44% | 13,226 | $677K | Add +19.3% |
| AON Aon PLC Class A | 0.44% | 1,688 | $674K | No change |
| CVX Chevron Corp. | 0.42% | 3,825 | $640K | No change |
| SPYV SS SPDR P S&P 500 Value ETF | 0.37% | 11,248 | $574K | New |
| GOOG Alphabet Inc. Class C | 0.37% | 3,648 | $570K | Add +0.0% |
| NEE Nextera Energy Inc. | 0.36% | 7,729 | $548K | No change |
| XOM Exxon Mobil Corp. | 0.32% | 4,098 | $487K | Add +0.1% |
| VEU Vanguard Ftse All-World Ex-U | 0.28% | 7,148 | $434K | Add +68.3% |
| VNQ Vanguard Real Estate ETF | 0.28% | 4,788 | $434K | Add +3.6% |
| SBUX Starbucks Corp. | 0.26% | 4,127 | $405K | Reduce -5.3% |
| META Meta Platforms Inc. Class A | 0.25% | 654 | $377K | Add +1.1% |
| JPM JPMorgan Chase & Co. | 0.22% | 1,385 | $340K | No change |
| BA The Boeing Co. | 0.20% | 1,759 | $300K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.19% | 1,157 | $288K | Add +0.1% |
| ABBV Abbvie Inc. | 0.19% | 1,372 | $287K | No change |
| IMCG iShares Morningstar Mid-Cap | 0.18% | 3,880 | $277K | No change |
| EPD Enterprise Products Partners | 0.17% | 7,424 | $253K | Add +0.2% |
| CEF Sprott Physical Gold and Sil | 0.16% | 8,380 | $238K | New |
| WFC Wells Fargo & Co. | 0.14% | 3,084 | $221K | No change |
| GOOGL Alphabet Inc. Class A | 0.14% | 1,408 | $218K | No change |
| DLN Wisdomtree US Largecap Divid | 0.14% | 2,714 | $215K | No change |
| USXF iShares ESG Advance MSCI USA | 0.14% | 4,455 | $208K | No change |
| COP Conocophillips | 0.14% | 1,976 | $208K | New |
| ITOT iShares Core S&P Total U.S. | 0.13% | 1,696 | $207K | No change |
| MCD McDonald's Corp. | 0.13% | 653 | $204K | New |
Portfolio Sells Q4 2024 → Q1 2025
| SCHG Schwab US Large-Cap Growth | Reduce -3.9% | 30.03% | −2.68 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.9% | 17.94% | −0.62 |
| CMI Cummins Inc. | Sold out | 0.00% | −0.13 |
| SCHM Schwab US Mid Cap ETF | Reduce -3.8% | 3.64% | −0.12 |
| NVDA Nvidia Corp. | Reduce -1.7% | 0.45% | −0.08 |
| SBUX Starbucks Corp. | Reduce -5.3% | 0.26% | +0.02 |
| JNJ Johnson & Johnson | Reduce -1.0% | 2.16% | +0.37 |
| SCHV Schwab US Large-Cap Value | Reduce -1.7% | 20.38% | +1.25 |
Portfolio Buys Q4 2024 → Q1 2025
| SPYV SS SPDR P S&P 500 Value ETF | New | 0.37% | +0.37 |
| VTI VG Morningstar TS MKT ETF-US | Add +110.8% | 0.60% | +0.32 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +8.8% | 1.41% | +0.17 |
| CEF Sprott Physical Gold and Sil | New | 0.16% | +0.16 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +0.4% | 8.69% | +0.15 |
| COP Conocophillips | New | 0.14% | +0.14 |
| VEU Vanguard Ftse All-World Ex-U | Add +68.3% | 0.28% | +0.13 |
| MCD McDonald's Corp. | New | 0.13% | +0.13 |
| COST Costco Wholesale Corp. | Add +2.7% | 0.70% | +0.08 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +19.3% | 0.44% | +0.07 |
| VOO Vanguard S&P 500 ETF | Add +14.1% | 0.49% | +0.07 |
| XOM Exxon Mobil Corp. | Add +0.1% | 0.32% | +0.05 |
| IBM Intl Business Machines Corp. | Add +0.1% | 0.19% | +0.03 |
| VNQ Vanguard Real Estate ETF | Add +3.6% | 0.28% | +0.03 |
| EPD Enterprise Products Partners | Add +0.2% | 0.17% | +0.02 |
| META Meta Platforms Inc. Class A | Add +1.1% | 0.25% | +0.01 |
| SCHB Schwab US Broad Market ETF | Add +1.0% | 0.53% | +0.01 |
| MSFT Microsoft Corp. | Add +4.1% | 1.71% | −0.02 |
| GOOG Alphabet Inc. Class C | Add +0.0% | 0.37% | −0.05 |
| FIBK First Interstate Bancsys-A | Add +0.5% | 0.96% | −0.06 |
| AMZN Amazon.com Inc. | Add +0.3% | 0.91% | −0.07 |
| AAPL Apple Inc. | Add +1.1% | 1.93% | −0.09 |
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 |