Northland Capital Management LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 17, 2024), Northland Capital Management LLC reported 30 stock positions worth $142.9 million. Its top holding was iShares Gnma Bond ETF (GNMA) at 13.1% of the portfolio, followed by iShares MBS ETF (MBB, 13.1%) and iShares 0-5 Year Tips Bond E (STIP, 9.3%). Compared with Q1 2024, it opened 1 new position, sold out of 2, added to 18 and reduced 10. The biggest buy was iShares MBS ETF (MBB, shares +8830%) and the biggest sale an exit from Vanguard Mortgage-Backed Sec (VMBS).
- Most Recent 13F
- Q2 2026
- Location
- VIRGINIA, MN
- CIK
- 0001693032
- Portfolio Value
- $142.9M (Q2 2024)
- SEC Filing
- 0001693032-24-000004 ↗ filed Jul 17, 2024
Holdings Value
Holdings 30 stocks · $142.9M
| GNMA iShares Gnma Bond ETF | 13.11% | 434,991 | $18.7M | Add +6.2% |
| MBB iShares MBS ETF | 13.10% | 203,793 | $18.7M | Add +8830.5% |
| STIP iShares 0-5 Year Tips Bond E | 9.35% | 134,226 | $13.4M | Add +0.5% |
| AVLV Avantis US Large Cap Value | 8.37% | 190,362 | $12.0M | Add +33.4% |
| VTI VG Morningstar TS MKT ETF-US | 8.09% | 43,221 | $11.6M | Reduce -28.6% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 6.28% | 133,980 | $9.0M | Add +0.1% |
| VCIT Vanguard Int-Term Corporate | 4.62% | 82,626 | $6.6M | Add +2.5% |
| AVIV Avantis Intl LRG Cap Val ETF | 4.29% | 116,783 | $6.1M | Add +41.5% |
| VEA Vanguard Ftse Developed ETF | 3.78% | 109,405 | $5.4M | Reduce -21.0% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 3.18% | 129,602 | $4.5M | Add +3.7% |
| AVSU Avantis Resp US Equity ETF | 3.07% | 71,137 | $4.4M | Reduce -13.2% |
| DFSU Dimensional US Sus CORE1 ETF | 3.00% | 123,100 | $4.3M | Add +12.7% |
| AVUV Avantis US Small Cap Value | 2.42% | 38,552 | $3.5M | Add +32.4% |
| AVES Avantis Emerging Markets Val | 2.19% | 64,262 | $3.1M | Add +38.9% |
| FNDA Schwab Fndmntl US SM Co. ETF | 1.86% | 48,422 | $2.7M | Add +4.1% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 1.65% | 79,819 | $2.4M | Add +3.8% |
| VWO Vanguard Ftse Emerging Marke | 1.63% | 53,108 | $2.3M | Reduce -25.1% |
| VCEB Vanguard ESG US Corp. Bond | 1.58% | 36,411 | $2.3M | Reduce -4.8% |
| DFSI Dimensional Int Sus COR1 ETF | 1.38% | 59,983 | $2.0M | Add +22.2% |
| AVSD Avantis Reps Intern Equi ETF | 1.37% | 35,254 | $2.0M | Reduce -8.1% |
| ESGV Vanguard ESG US Stock ETF | 1.07% | 15,751 | $1.5M | Reduce -50.7% |
| VSGX Vanguard ESG Intl Stock ETF | 0.98% | 24,417 | $1.4M | Reduce -38.9% |
| AVDV Avantis Intl S/C Value ETF | 0.77% | 16,830 | $1.1M | Add +37.4% |
| AVSE Avantis Resp Emerg MKTS Eq-E | 0.66% | 18,159 | $940K | Reduce -7.9% |
| DFSE Dimensional Em Sus CORE1 ETF | 0.61% | 25,979 | $869K | Add +14.5% |
| FNDC Schwab Fndmnt Intl SM Eq ETF | 0.54% | 22,394 | $778K | Add +4.5% |
| ESML iShares ESG Aware MSCI USA S | 0.44% | 16,443 | $633K | Reduce -8.1% |
| MUB iShares National Muni Bond E | 0.25% | 3,340 | $356K | Add +42.7% |
| SGOV iShares 0-3 Month Treasury B | 0.18% | 2,500 | $252K | New |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.17% | 4,960 | $249K | No change |
Portfolio Sells Q1 2024 → Q2 2024
| VMBS Vanguard Mortgage-Backed Sec | Sold out | 0.00% | −12.25 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -28.6% | 8.09% | −2.91 |
| VEA Vanguard Ftse Developed ETF | Reduce -21.0% | 3.78% | −1.08 |
| ESGV Vanguard ESG US Stock ETF | Reduce -50.7% | 1.07% | −1.02 |
| VSGX Vanguard ESG Intl Stock ETF | Reduce -38.9% | 0.98% | −0.63 |
| AVSU Avantis Resp US Equity ETF | Reduce -13.2% | 3.07% | −0.45 |
| VWO Vanguard Ftse Emerging Marke | Reduce -25.1% | 1.63% | −0.45 |
| SHV iShares 0-1 Year Treasury Bo | Sold out | 0.00% | −0.27 |
| AVSD Avantis Reps Intern Equi ETF | Reduce -8.1% | 1.37% | −0.16 |
| VCEB Vanguard ESG US Corp. Bond | Reduce -4.8% | 1.58% | −0.10 |
| ESML iShares ESG Aware MSCI USA S | Reduce -8.1% | 0.44% | −0.06 |
| AVSE Avantis Resp Emerg MKTS Eq-E | Reduce -7.9% | 0.66% | −0.02 |
Portfolio Buys Q1 2024 → Q2 2024
| MBB iShares MBS ETF | Add +8830.5% | 13.10% | +12.95 |
| AVLV Avantis US Large Cap Value | Add +33.4% | 8.37% | +1.96 |
| AVIV Avantis Intl LRG Cap Val ETF | Add +41.5% | 4.29% | +1.16 |
| GNMA iShares Gnma Bond ETF | Add +6.2% | 13.11% | +0.67 |
| AVES Avantis Emerging Markets Val | Add +38.9% | 2.19% | +0.66 |
| AVUV Avantis US Small Cap Value | Add +32.4% | 2.42% | +0.51 |
| DFSU Dimensional US Sus CORE1 ETF | Add +12.7% | 3.00% | +0.37 |
| DFSI Dimensional Int Sus COR1 ETF | Add +22.2% | 1.38% | +0.23 |
| AVDV Avantis Intl S/C Value ETF | Add +37.4% | 0.77% | +0.20 |
| SGOV iShares 0-3 Month Treasury B | New | 0.18% | +0.18 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Add +3.8% | 1.65% | +0.16 |
| DFSE Dimensional Em Sus CORE1 ETF | Add +14.5% | 0.61% | +0.10 |
| VCIT Vanguard Int-Term Corporate | Add +2.5% | 4.62% | +0.08 |
| MUB iShares National Muni Bond E | Add +42.7% | 0.25% | +0.07 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +3.7% | 3.18% | +0.06 |
| STIP iShares 0-5 Year Tips Bond E | Add +0.5% | 9.35% | +0.05 |
| FNDC Schwab Fndmnt Intl SM Eq ETF | Add +4.5% | 0.54% | +0.01 |
| FNDA Schwab Fndmntl US SM Co. ETF | Add +4.1% | 1.86% | +0.00 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +0.1% | 6.28% | −0.03 |
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 |