Northland Capital Management LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 21, 2026), Northland Capital Management LLC reported 30 stock positions worth $185.5 million. Its top holding was Bondbloxx BBG 10Y US TSY ETF (XTEN) at 14.5% of the portfolio, followed by Schwab Fndmntl US LRG Co. ETF (FNDX, 10.2%) and iShares 0-5 Year Tips Bond E (STIP, 9.0%). Compared with Q1 2026, it opened 1 new position, sold out of 2, added to 14 and reduced 13. The biggest buy was a new position in Fidelity Aaa Clo ETF (FAAA) and the biggest sale an exit from Janus Henderson Aaa Clo ETF (JAAA).
- Most Recent 13F
- Q2 2026
- Location
- VIRGINIA, MN
- CIK
- 0001693032
- Portfolio Value
- $185.5M (Q2 2026)
- SEC Filing
- 0001693032-26-000004 ↗ filed Jul 21, 2026
Holdings Value
Holdings 30 stocks · $185.5M
| XTEN Bondbloxx BBG 10Y US TSY ETF | 14.51% | 590,565 | $26.9M | Add +4.3% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 10.19% | 608,030 | $18.9M | Add +1.1% |
| STIP iShares 0-5 Year Tips Bond E | 9.03% | 164,032 | $16.8M | Add +3.8% |
| AVLV Avantis US Large Cap Value | 8.34% | 169,703 | $15.5M | Reduce -36.4% |
| FAAA Fidelity Aaa Clo ETF | 6.53% | 241,451 | $12.1M | New |
| VTI VG Morningstar TS MKT ETF-US | 6.20% | 31,100 | $11.5M | Reduce -21.4% |
| GNMA iShares Gnma Bond ETF | 5.89% | 247,196 | $10.9M | Add +4.0% |
| AVIV Avantis Intl LRG Cap Val ETF | 5.26% | 125,979 | $9.8M | Add +5.5% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 5.17% | 181,790 | $9.6M | Add +22.0% |
| AVUV Avantis US Small Cap Value | 3.85% | 57,266 | $7.1M | Add +3.0% |
| VEA Vanguard Ftse Developed ETF | 3.17% | 82,608 | $5.9M | Add +4.8% |
| FNDA Schwab Fndmntl US SM Co. ETF | 2.96% | 144,466 | $5.5M | Add +2.1% |
| DFSU Dimensional US Sus CORE1 ETF | 2.34% | 93,107 | $4.3M | Reduce -5.2% |
| AVSU Avantis Resp US Equity ETF | 2.11% | 44,191 | $3.9M | Reduce -38.5% |
| AVES Avantis Emerging Markets Val | 2.09% | 59,145 | $3.9M | Reduce -17.2% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 1.97% | 92,131 | $3.7M | Add +3.2% |
| SUSB iShares ESG Aware 1-5 Year U | 1.62% | 120,212 | $3.0M | Reduce -3.4% |
| DFSI Dimensional Int Sus COR1 ETF | 1.17% | 48,027 | $2.2M | Add +26.3% |
| AVSD Avantis Reps Intern Equi ETF | 1.16% | 26,832 | $2.1M | Reduce -3.0% |
| VWO Vanguard Ftse Emerging Marke | 1.05% | 32,602 | $1.9M | Reduce -14.4% |
| AVDV Avantis Intl S/C Value ETF | 0.95% | 17,112 | $1.8M | Add +5.6% |
| FNDC Schwab Fndmnt Intl SM Eq ETF | 0.92% | 35,078 | $1.7M | Add +33.9% |
| ESGV Vanguard ESG US Stock ETF | 0.91% | 12,753 | $1.7M | Reduce -22.0% |
| VSGX Vanguard ESG Intl Stock ETF | 0.77% | 17,437 | $1.4M | Reduce -16.2% |
| ESML iShares ESG Aware MSCI USA S | 0.49% | 16,369 | $916K | Reduce -5.9% |
| AVSE Avantis Resp Emerg MKTS Eq-E | 0.39% | 8,873 | $726K | Reduce -35.5% |
| DFSE Dimensional Em Sus CORE1 ETF | 0.38% | 14,439 | $706K | Reduce -16.8% |
| MUB iShares National Muni Bond E | 0.24% | 4,055 | $436K | No change |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.21% | 7,527 | $381K | Add +40.4% |
| CLF Cleveland-Cliffs Inc. | 0.12% | 24,576 | $231K | No change |
Portfolio Sells Q1 2026 → Q2 2026
| JAAA Janus Henderson Aaa Clo ETF | Sold out | 0.00% | −6.18 |
| AVLV Avantis US Large Cap Value | Reduce -36.4% | 8.34% | −3.41 |
| AVSU Avantis Resp US Equity ETF | Reduce -38.5% | 2.11% | −0.80 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -21.4% | 6.20% | −0.74 |
| AVES Avantis Emerging Markets Val | Reduce -17.2% | 2.09% | −0.25 |
| SGOV iShares 0-3 Month Treasury B | Sold out | 0.00% | −0.21 |
| AVSE Avantis Resp Emerg MKTS Eq-E | Reduce -35.5% | 0.39% | −0.11 |
| ESGV Vanguard ESG US Stock ETF | Reduce -22.0% | 0.91% | −0.09 |
| SUSB iShares ESG Aware 1-5 Year U | Reduce -3.4% | 1.62% | −0.09 |
| VWO Vanguard Ftse Emerging Marke | Reduce -14.4% | 1.05% | −0.08 |
| VSGX Vanguard ESG Intl Stock ETF | Reduce -16.2% | 0.77% | −0.04 |
| DFSE Dimensional Em Sus CORE1 ETF | Reduce -16.8% | 0.38% | −0.02 |
| AVSD Avantis Reps Intern Equi ETF | Reduce -3.0% | 1.16% | +0.04 |
| ESML iShares ESG Aware MSCI USA S | Reduce -5.9% | 0.49% | +0.05 |
| DFSU Dimensional US Sus CORE1 ETF | Reduce -5.2% | 2.34% | +0.13 |
Portfolio Buys Q1 2026 → Q2 2026
| FAAA Fidelity Aaa Clo ETF | New | 6.53% | +6.53 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +22.0% | 5.17% | +1.18 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +1.1% | 10.19% | +1.04 |
| AVUV Avantis US Small Cap Value | Add +3.0% | 3.85% | +0.49 |
| FNDA Schwab Fndmntl US SM Co. ETF | Add +2.1% | 2.96% | +0.46 |
| VEA Vanguard Ftse Developed ETF | Add +4.8% | 3.17% | +0.41 |
| AVIV Avantis Intl LRG Cap Val ETF | Add +5.5% | 5.26% | +0.37 |
| XTEN Bondbloxx BBG 10Y US TSY ETF | Add +4.3% | 14.51% | +0.31 |
| DFSI Dimensional Int Sus COR1 ETF | Add +26.3% | 1.17% | +0.29 |
| FNDC Schwab Fndmnt Intl SM Eq ETF | Add +33.9% | 0.92% | +0.25 |
| GNMA iShares Gnma Bond ETF | Add +4.0% | 5.89% | +0.13 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Add +3.2% | 1.97% | +0.10 |
| STIP iShares 0-5 Year Tips Bond E | Add +3.8% | 9.03% | +0.09 |
| AVDV Avantis Intl S/C Value ETF | Add +5.6% | 0.95% | +0.07 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +40.4% | 0.21% | +0.06 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 30 | $185.5M | XTEN, FNDX, STIP, AVLV, FAAA |
| Q1 2026 | 31 | $182.9M | XTEN, AVLV, FNDX, STIP, VTI |
| Q4 2025 | 30 | $178.5M | GNMA, AVLV, FNDX, VTI, JAAA |
| Q3 2025 | 30 | $171.0M | GNMA, VTI, AVLV, FNDX, STIP |
| Q2 2025 | 31 | $162.4M | GNMA, VTI, AVLV, FNDX, STIP |
| Q1 2025 | 31 | $147.8M | GNMA, AVLV, VTI, STIP, FNDX |
| Q4 2024 | 31 | $134.8M | GNMA, STIP, AVLV, VTI, FNDX |
| Q3 2024 | 31 | $174.7M | XHLF, GNMA, AVLV, MBB, VTI |
| Q2 2024 | 30 | $142.9M | GNMA, MBB, STIP, AVLV, VTI |
| Q1 2024 | 31 | $142.9M | GNMA, VMBS, VTI, STIP, AVLV |