Northland Capital Management LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 22, 2025), Northland Capital Management LLC reported 31 stock positions worth $134.8 million. Its top holding was iShares Gnma Bond ETF (GNMA) at 14.4% of the portfolio, followed by iShares 0-5 Year Tips Bond E (STIP, 14.2%) and Avantis US Large Cap Value (AVLV, 9.8%). Compared with Q3 2024, it opened 4 new positions, sold out of 4, added to 4 and reduced 21. The biggest buy was iShares 0-5 Year Tips Bond E (STIP, shares +42%) and the biggest sale an exit from Bondbloxx BBG 6 MTH US Treas (XHLF).
- Most Recent 13F
- Q2 2026
- Location
- VIRGINIA, MN
- CIK
- 0001693032
- Portfolio Value
- $134.8M (Q4 2024)
- SEC Filing
- 0001693032-25-000002 ↗ filed Jan 22, 2025
Holdings Value
Holdings 31 stocks · $134.8M
| GNMA iShares Gnma Bond ETF | 14.39% | 452,078 | $19.4M | Add +4.1% |
| STIP iShares 0-5 Year Tips Bond E | 14.18% | 190,128 | $19.1M | Add +42.0% |
| AVLV Avantis US Large Cap Value | 9.76% | 197,058 | $13.2M | Reduce -9.3% |
| VTI VG Morningstar TS MKT ETF-US | 9.55% | 44,434 | $12.9M | Reduce -8.1% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 7.84% | 446,423 | $10.6M | Reduce -0.1% |
| AVIV Avantis Intl LRG Cap Val ETF | 4.10% | 106,598 | $5.5M | Reduce -10.9% |
| VEA Vanguard Ftse Developed ETF | 3.64% | 102,751 | $4.9M | Reduce -8.1% |
| DFSU Dimensional US Sus CORE1 ETF | 3.32% | 117,989 | $4.5M | Reduce -12.3% |
| AVSU Avantis Resp US Equity ETF | 3.27% | 66,766 | $4.4M | Reduce -14.9% |
| PCMM BBLX Private Credit Clo ETF | 3.21% | 85,660 | $4.3M | New |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 3.15% | 127,753 | $4.2M | Reduce -3.7% |
| AVUV Avantis US Small Cap Value | 3.05% | 42,659 | $4.1M | Add +8.1% |
| SUSB iShares ESG Aware 1-5 Year U | 2.50% | 136,281 | $3.4M | New |
| PCLO Virtus Seix Aaa PRV CR Clo | 2.15% | 115,858 | $2.9M | New |
| AVES Avantis Emerging Markets Val | 2.09% | 60,913 | $2.8M | Reduce -7.4% |
| FNDA Schwab Fndmntl US SM Co. ETF | 1.88% | 85,385 | $2.5M | Reduce -15.5% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 1.62% | 75,295 | $2.2M | Reduce -7.7% |
| VWO Vanguard Ftse Emerging Marke | 1.55% | 47,438 | $2.1M | Reduce -12.7% |
| AVSD Avantis Reps Intern Equi ETF | 1.27% | 30,676 | $1.7M | Reduce -12.3% |
| DFSI Dimensional Int Sus COR1 ETF | 1.26% | 51,861 | $1.7M | Reduce -12.8% |
| ESGV Vanguard ESG US Stock ETF | 1.24% | 15,881 | $1.7M | Reduce -9.3% |
| VSGX Vanguard ESG Intl Stock ETF | 0.89% | 21,170 | $1.2M | Reduce -12.5% |
| AVDV Avantis Intl S/C Value ETF | 0.80% | 16,652 | $1.1M | Reduce -3.3% |
| AVSE Avantis Resp Emerg MKTS Eq-E | 0.57% | 15,318 | $772K | Reduce -14.6% |
| DFSE Dimensional Em Sus CORE1 ETF | 0.57% | 23,288 | $772K | Reduce -11.3% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.55% | 14,342 | $741K | New |
| FNDC Schwab Fndmnt Intl SM Eq ETF | 0.52% | 20,357 | $695K | Reduce -11.6% |
| ESML iShares ESG Aware MSCI USA S | 0.46% | 14,719 | $619K | Reduce -9.8% |
| MUB iShares National Muni Bond E | 0.26% | 3,340 | $356K | No change |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.20% | 5,360 | $269K | Add +8.1% |
| SGOV iShares 0-3 Month Treasury B | 0.15% | 2,000 | $201K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| XHLF Bondbloxx BBG 6 MTH US Treas | Sold out | 0.00% | −13.66 |
| MBB iShares MBS ETF | Sold out | 0.00% | −7.86 |
| VCIT Vanguard Int-Term Corporate | Sold out | 0.00% | −3.97 |
| VCEB Vanguard ESG US Corp. Bond | Sold out | 0.00% | −1.33 |
| AVSE Avantis Resp Emerg MKTS Eq-E | Reduce -14.6% | 0.57% | +0.01 |
| FNDC Schwab Fndmnt Intl SM Eq ETF | Reduce -11.6% | 0.52% | +0.01 |
| VSGX Vanguard ESG Intl Stock ETF | Reduce -12.5% | 0.89% | +0.04 |
| DFSE Dimensional Em Sus CORE1 ETF | Reduce -11.3% | 0.57% | +0.04 |
| DFSI Dimensional Int Sus COR1 ETF | Reduce -12.8% | 1.26% | +0.05 |
| AVSD Avantis Reps Intern Equi ETF | Reduce -12.3% | 1.27% | +0.05 |
| VWO Vanguard Ftse Emerging Marke | Reduce -12.7% | 1.55% | +0.06 |
| ESML iShares ESG Aware MSCI USA S | Reduce -9.8% | 0.46% | +0.07 |
| AVDV Avantis Intl S/C Value ETF | Reduce -3.3% | 0.80% | +0.11 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Reduce -7.7% | 1.62% | +0.12 |
| AVES Avantis Emerging Markets Val | Reduce -7.4% | 2.09% | +0.13 |
| FNDA Schwab Fndmntl US SM Co. ETF | Reduce -15.5% | 1.88% | +0.16 |
| ESGV Vanguard ESG US Stock ETF | Reduce -9.3% | 1.24% | +0.22 |
| AVIV Avantis Intl LRG Cap Val ETF | Reduce -10.9% | 4.10% | +0.26 |
| VEA Vanguard Ftse Developed ETF | Reduce -8.1% | 3.64% | +0.27 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -3.7% | 3.15% | +0.31 |
| AVSU Avantis Resp US Equity ETF | Reduce -14.9% | 3.27% | +0.34 |
| DFSU Dimensional US Sus CORE1 ETF | Reduce -12.3% | 3.32% | +0.46 |
| AVLV Avantis US Large Cap Value | Reduce -9.3% | 9.76% | +1.57 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -8.1% | 9.55% | +1.72 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -0.1% | 7.84% | +1.72 |
Portfolio Buys Q3 2024 → Q4 2024
| STIP iShares 0-5 Year Tips Bond E | Add +42.0% | 14.18% | +6.42 |
| GNMA iShares Gnma Bond ETF | Add +4.1% | 14.39% | +3.27 |
| PCMM BBLX Private Credit Clo ETF | New | 3.21% | +3.21 |
| SUSB iShares ESG Aware 1-5 Year U | New | 2.50% | +2.50 |
| PCLO Virtus Seix Aaa PRV CR Clo | New | 2.15% | +2.15 |
| AVUV Avantis US Small Cap Value | Add +8.1% | 3.05% | +0.89 |
| IGSB iShares 1-5Y Inv Grade Corp. | New | 0.55% | +0.55 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +8.1% | 0.20% | +0.05 |
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 |