Northern Capital Management, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), Northern Capital Management, Inc. reported 51 stock positions worth $199.5 million. Its top holding was Schwab US Large-Cap Growth (SCHG) at 25.7% of the portfolio, followed by Schwab US Large-Cap Value (SCHV, 20.9%) and Invesco QQQ Trust Series 1 (QQQ, 16.6%). Compared with Q4 2025, it opened 2 new positions, sold out of 3, added to 18 and reduced 11. The biggest buy was SS SPDR P S&P 500 Value ETF (SPYV, shares +270%) and the biggest sale Vngrd Mrgstr LRG-Cap ETF-Usd (VV, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- SPOKANE, WA
- CIK
- 0001581794
- Portfolio Value
- $199.5M (Q1 2026)
- SEC Filing
- 0001581794-26-000004 ↗ filed May 13, 2026
Holdings Value
Holdings 51 stocks · $199.5M
| SCHG Schwab US Large-Cap Growth | 25.72% | 1,761,124 | $51.3M | Add +1.0% |
| SCHV Schwab US Large-Cap Value | 20.91% | 1,367,247 | $41.7M | Add +23.1% |
| QQQ Invesco QQQ Trust Series 1 | 16.57% | 57,252 | $33.0M | Add +0.2% |
| SPYV SS SPDR P S&P 500 Value ETF | 8.82% | 310,886 | $17.6M | Add +269.6% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 8.54% | 57,001 | $17.0M | Reduce -1.5% |
| JNJ Johnson & Johnson | 2.45% | 19,992 | $4.9M | Add +0.0% |
| GBCI Glacier Bancorp Inc. | 1.95% | 87,162 | $3.9M | Reduce -29.4% |
| AAPL Apple Inc. | 1.75% | 13,770 | $3.5M | Reduce -0.2% |
| MSFT Microsoft Corp. | 1.45% | 7,820 | $2.9M | Add +0.7% |
| FIBK First Interstate Bancsys-A | 0.86% | 51,337 | $1.7M | Reduce -1.5% |
| AMZN Amazon.com Inc. | 0.84% | 8,088 | $1.7M | Add +6.7% |
| DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND | 0.75% | 3,234 | $1.5M | Add +7.0% |
| NVDA Nvidia Corp. | 0.63% | 7,253 | $1.3M | Add +2.8% |
| COST Costco Wholesale Corp. | 0.61% | 1,216 | $1.2M | Add +3.4% |
| GOOG Alphabet Inc. Class C | 0.58% | 4,017 | $1.2M | Reduce -0.1% |
| VOO Vanguard S&P 500 ETF | 0.49% | 1,627 | $972K | Reduce -4.5% |
| CVX Chevron Corp. | 0.40% | 3,822 | $791K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.39% | 1,638 | $785K | Reduce -2.3% |
| SCHM Schwab US Mid Cap ETF | 0.39% | 25,007 | $774K | Reduce -12.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.37% | 2,309 | $741K | Reduce -20.2% |
| SCHB Schwab US Broad Market ETF | 0.37% | 29,119 | $731K | Reduce -27.9% |
| XOM Exxon Mobil Corp. | 0.35% | 4,132 | $701K | Add +0.1% |
| AON Aon PLC Class A | 0.27% | 1,688 | $545K | No change |
| VEU Vanguard Ftse All-World Ex-U | 0.27% | 7,148 | $537K | No change |
| GOOGL Alphabet Inc. Class A | 0.25% | 1,715 | $493K | No change |
| VNQ Vanguard Real Estate ETF | 0.21% | 4,788 | $425K | No change |
| JPM JPMorgan Chase & Co. | 0.21% | 1,404 | $413K | No change |
| CEF Sprott Physical Gold and Sil | 0.20% | 8,380 | $400K | No change |
| SBUX Starbucks Corp. | 0.20% | 4,447 | $398K | No change |
| BA The Boeing Co. | 0.20% | 1,992 | $396K | Add +13.3% |
| SMH Vaneck Semiconductor ETF | 0.19% | 1,010 | $387K | Add +48.1% |
| META Meta Platforms Inc. Class A | 0.19% | 671 | $384K | Add +1.4% |
| ABBV Abbvie Inc. | 0.18% | 1,673 | $364K | No change |
| CMI Cummins Inc. | 0.17% | 612 | $329K | No change |
| AVGO Broadcom Inc. | 0.16% | 1,056 | $327K | Add +0.6% |
| IMCG iShares Morningstar Mid-Cap | 0.15% | 3,880 | $306K | No change |
| V Visa Inc. Class A | 0.15% | 1,003 | $303K | No change |
| VXUS Vanguard Total Intl Stock | 0.14% | 3,744 | $289K | New |
| CAT Caterpillar Inc. | 0.14% | 406 | $288K | No change |
| EPD Enterprise Products Partners | 0.14% | 7,488 | $283K | Add +0.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.14% | 1,162 | $282K | Add +0.1% |
| GLD SPDR Gold Shares | 0.13% | 612 | $263K | Reduce -11.7% |
| COP Conocophillips | 0.13% | 1,978 | $261K | New |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.13% | 192 | $254K | No change |
| USXF iShares ESG Advance MSCI USA | 0.12% | 4,455 | $246K | No change |
| WFC Wells Fargo & Co. | 0.12% | 3,084 | $246K | No change |
| DLN Wisdomtree US Largecap Divid | 0.12% | 2,714 | $242K | No change |
| ITOT iShares Core S&P Total U.S. | 0.12% | 1,696 | $242K | No change |
| MU Micron Technology Inc. | 0.12% | 702 | $237K | No change |
| UNH Unitedhealth Group Inc. | 0.12% | 850 | $230K | Add +38.2% |
| LLY Eli Lilly & Co. | 0.11% | 238 | $219K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -1.5% | 8.54% | −1.09 |
| GBCI Glacier Bancorp Inc. | Reduce -29.4% | 1.95% | −0.92 |
| AAPL Apple Inc. | Reduce -0.2% | 1.75% | −0.23 |
| SCHB Schwab US Broad Market ETF | Reduce -27.9% | 0.37% | −0.19 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.19 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -20.2% | 0.37% | −0.14 |
| TQQQ Proshares Ultrapro QQQ | Sold out | 0.00% | −0.12 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Sold out | 0.00% | −0.11 |
| FIBK First Interstate Bancsys-A | Reduce -1.5% | 0.86% | −0.09 |
| GOOG Alphabet Inc. Class C | Reduce -0.1% | 0.58% | −0.09 |
| VOO Vanguard S&P 500 ETF | Reduce -4.5% | 0.49% | −0.08 |
| SCHM Schwab US Mid Cap ETF | Reduce -12.3% | 0.39% | −0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.3% | 0.39% | −0.05 |
| GLD SPDR Gold Shares | Reduce -11.7% | 0.13% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| SPYV SS SPDR P S&P 500 Value ETF | Add +269.6% | 8.82% | +6.29 |
| SCHV Schwab US Large-Cap Value | Add +23.1% | 20.91% | +3.53 |
| JNJ Johnson & Johnson | Add +0.0% | 2.45% | +0.26 |
| VXUS Vanguard Total Intl Stock | New | 0.14% | +0.14 |
| COP Conocophillips | New | 0.13% | +0.13 |
| XOM Exxon Mobil Corp. | Add +0.1% | 0.35% | +0.09 |
| COST Costco Wholesale Corp. | Add +3.4% | 0.61% | +0.07 |
| SMH Vaneck Semiconductor ETF | Add +48.1% | 0.19% | +0.06 |
| EPD Enterprise Products Partners | Add +0.2% | 0.14% | +0.02 |
| UNH Unitedhealth Group Inc. | Add +38.2% | 0.12% | +0.01 |
| BA The Boeing Co. | Add +13.3% | 0.20% | −0.00 |
| DIA SS SPDR Dow Jones Indus Avg | Add +7.0% | 0.75% | −0.02 |
| AVGO Broadcom Inc. | Add +0.6% | 0.16% | −0.03 |
| META Meta Platforms Inc. Class A | Add +1.4% | 0.19% | −0.04 |
| IBM Intl Business Machines Corp. | Add +0.1% | 0.14% | −0.04 |
| NVDA Nvidia Corp. | Add +2.8% | 0.63% | −0.06 |
| AMZN Amazon.com Inc. | Add +6.7% | 0.84% | −0.08 |
| MSFT Microsoft Corp. | Add +0.7% | 1.45% | −0.53 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.2% | 16.57% | −1.98 |
| SCHG Schwab US Large-Cap Growth | Add +1.0% | 25.72% | −4.33 |
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 |