Northland Capital Management LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 19, 2024), Northland Capital Management LLC reported 31 stock positions worth $142.9 million. Its top holding was iShares Gnma Bond ETF (GNMA) at 12.4% of the portfolio, followed by Vanguard Mortgage-Backed Sec (VMBS, 12.2%) and VG Morningstar TS MKT ETF-US (VTI, 11.0%). Compared with Q4 2023, it sold out of 1, added to 22 and reduced 6. The biggest buy was VG Morningstar TS MKT ETF-US (VTI, shares +1%) and the biggest sale an exit from iShares 0-3 Month Treasury B (SGOV).
- Most Recent 13F
- Q2 2026
- Location
- VIRGINIA, MN
- CIK
- 0001693032
- Portfolio Value
- $142.9M (Q1 2024)
- SEC Filing
- 0001693032-24-000003 ↗ filed Apr 19, 2024
Holdings Value
Holdings 31 stocks · $142.9M
| GNMA iShares Gnma Bond ETF | 12.44% | 409,684 | $17.8M | Add +0.3% |
| VMBS Vanguard Mortgage-Backed Sec | 12.25% | 383,654 | $17.5M | Add +2.2% |
| VTI VG Morningstar TS MKT ETF-US | 11.01% | 60,513 | $15.7M | Add +0.8% |
| STIP iShares 0-5 Year Tips Bond E | 9.30% | 133,615 | $13.3M | Add +1.1% |
| AVLV Avantis US Large Cap Value | 6.42% | 142,698 | $9.2M | Add +0.5% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 6.31% | 133,808 | $9.0M | Add +0.5% |
| VEA Vanguard Ftse Developed ETF | 4.86% | 138,498 | $6.9M | Add +1.0% |
| VCIT Vanguard Int-Term Corporate | 4.54% | 80,578 | $6.5M | Add +0.1% |
| AVSU Avantis Resp US Equity ETF | 3.52% | 81,933 | $5.0M | Reduce -1.7% |
| AVIV Avantis Intl LRG Cap Val ETF | 3.12% | 82,549 | $4.5M | Add +1.2% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 3.11% | 124,937 | $4.4M | Add +1.2% |
| DFSU Dimensional US Sus CORE1 ETF | 2.63% | 109,278 | $3.8M | Reduce -1.8% |
| ESGV Vanguard ESG US Stock ETF | 2.08% | 31,931 | $3.0M | Add +0.1% |
| VWO Vanguard Ftse Emerging Marke | 2.07% | 70,920 | $3.0M | Add +4.9% |
| AVUV Avantis US Small Cap Value | 1.91% | 29,128 | $2.7M | Add +0.7% |
| FNDA Schwab Fndmntl US SM Co. ETF | 1.86% | 46,534 | $2.7M | Add +0.7% |
| VCEB Vanguard ESG US Corp. Bond | 1.68% | 38,253 | $2.4M | Add +5.5% |
| VSGX Vanguard ESG Intl Stock ETF | 1.61% | 39,978 | $2.3M | Add +6.4% |
| AVES Avantis Emerging Markets Val | 1.53% | 46,274 | $2.2M | Add +1.3% |
| AVSD Avantis Reps Intern Equi ETF | 1.53% | 38,367 | $2.2M | Reduce -0.9% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 1.49% | 76,887 | $2.1M | Add +11.6% |
| DFSI Dimensional Int Sus COR1 ETF | 1.16% | 49,081 | $1.7M | Reduce -1.1% |
| AVSE Avantis Resp Emerg MKTS Eq-E | 0.68% | 19,722 | $968K | Reduce -0.3% |
| AVDV Avantis Intl S/C Value ETF | 0.56% | 12,253 | $807K | Add +1.0% |
| FNDC Schwab Fndmnt Intl SM Eq ETF | 0.53% | 21,435 | $760K | Add +1.5% |
| DFSE Dimensional Em Sus CORE1 ETF | 0.51% | 22,692 | $731K | Reduce -0.1% |
| ESML iShares ESG Aware MSCI USA S | 0.50% | 17,900 | $721K | Add +6.1% |
| SHV iShares 0-1 Year Treasury Bo | 0.27% | 3,495 | $386K | Add +3.3% |
| MUB iShares National Muni Bond E | 0.18% | 2,340 | $252K | No change |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.18% | 4,960 | $251K | No change |
| MBB iShares MBS ETF | 0.15% | 2,282 | $211K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| SGOV iShares 0-3 Month Treasury B | Sold out | 0.00% | −8.81 |
| DFSE Dimensional Em Sus CORE1 ETF | Reduce -0.1% | 0.51% | +0.03 |
| AVSE Avantis Resp Emerg MKTS Eq-E | Reduce -0.3% | 0.68% | +0.04 |
| DFSI Dimensional Int Sus COR1 ETF | Reduce -1.1% | 1.16% | +0.09 |
| AVSD Avantis Reps Intern Equi ETF | Reduce -0.9% | 1.53% | +0.13 |
| DFSU Dimensional US Sus CORE1 ETF | Reduce -1.8% | 2.63% | +0.32 |
| AVSU Avantis Resp US Equity ETF | Reduce -1.7% | 3.52% | +0.39 |
Portfolio Buys Q4 2023 → Q1 2024
| VTI VG Morningstar TS MKT ETF-US | Add +0.8% | 11.01% | +1.48 |
| AVLV Avantis US Large Cap Value | Add +0.5% | 6.42% | +0.93 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +0.5% | 6.31% | +0.80 |
| VMBS Vanguard Mortgage-Backed Sec | Add +2.2% | 12.25% | +0.61 |
| STIP iShares 0-5 Year Tips Bond E | Add +1.1% | 9.30% | +0.59 |
| VEA Vanguard Ftse Developed ETF | Add +1.0% | 4.86% | +0.47 |
| GNMA iShares Gnma Bond ETF | Add +0.3% | 12.44% | +0.35 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +1.2% | 3.11% | +0.33 |
| AVIV Avantis Intl LRG Cap Val ETF | Add +1.2% | 3.12% | +0.32 |
| ESGV Vanguard ESG US Stock ETF | Add +0.1% | 2.08% | +0.27 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Add +11.6% | 1.49% | +0.24 |
| VSGX Vanguard ESG Intl Stock ETF | Add +6.4% | 1.61% | +0.22 |
| VWO Vanguard Ftse Emerging Marke | Add +4.9% | 2.07% | +0.22 |
| AVUV Avantis US Small Cap Value | Add +0.7% | 1.91% | +0.17 |
| VCIT Vanguard Int-Term Corporate | Add +0.1% | 4.54% | +0.17 |
| FNDA Schwab Fndmntl US SM Co. ETF | Add +0.7% | 1.86% | +0.15 |
| VCEB Vanguard ESG US Corp. Bond | Add +5.5% | 1.68% | +0.14 |
| AVES Avantis Emerging Markets Val | Add +1.3% | 1.53% | +0.13 |
| ESML iShares ESG Aware MSCI USA S | Add +6.1% | 0.50% | +0.08 |
| AVDV Avantis Intl S/C Value ETF | Add +1.0% | 0.56% | +0.06 |
| FNDC Schwab Fndmnt Intl SM Eq ETF | Add +1.5% | 0.53% | +0.04 |
| SHV iShares 0-1 Year Treasury Bo | Add +3.3% | 0.27% | +0.02 |
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 |