Northland Capital Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 23, 2025), Northland Capital Management LLC reported 31 stock positions worth $147.8 million. Its top holding was iShares Gnma Bond ETF (GNMA) at 21.7% of the portfolio, followed by Avantis US Large Cap Value (AVLV, 8.8%) and VG Morningstar TS MKT ETF-US (VTI, 8.3%). Compared with Q4 2024, it opened 1 new position, sold out of 1, added to 14 and reduced 15. The biggest buy was iShares Gnma Bond ETF (GNMA, shares +62%) and the biggest sale iShares 0-5 Year Tips Bond E (STIP, shares −46%).
- Most Recent 13F
- Q2 2026
- Location
- VIRGINIA, MN
- CIK
- 0001693032
- Portfolio Value
- $147.8M (Q1 2025)
- SEC Filing
- 0001693032-25-000005 ↗ filed Apr 23, 2025
Holdings Value
Holdings 31 stocks · $147.8M
| GNMA iShares Gnma Bond ETF | 21.73% | 731,618 | $32.1M | Add +61.8% |
| AVLV Avantis US Large Cap Value | 8.78% | 198,970 | $13.0M | Add +1.0% |
| VTI VG Morningstar TS MKT ETF-US | 8.28% | 44,544 | $12.2M | Add +0.3% |
| STIP iShares 0-5 Year Tips Bond E | 7.25% | 103,542 | $10.7M | Reduce -45.5% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 7.18% | 449,350 | $10.6M | Add +0.7% |
| JAAA Janus Henderson Aaa Clo ETF | 5.34% | 155,636 | $7.9M | New |
| AVIV Avantis Intl LRG Cap Val ETF | 4.07% | 106,228 | $6.0M | Reduce -0.3% |
| VEA Vanguard Ftse Developed ETF | 3.52% | 102,488 | $5.2M | Reduce -0.3% |
| SUSB iShares ESG Aware 1-5 Year U | 3.41% | 201,544 | $5.0M | Add +47.9% |
| PCMM BBLX Private Credit Clo ETF | 3.26% | 94,782 | $4.8M | Add +10.7% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 3.13% | 128,138 | $4.6M | Add +0.3% |
| AVSU Avantis Resp US Equity ETF | 2.75% | 65,252 | $4.1M | Reduce -2.3% |
| DFSU Dimensional US Sus CORE1 ETF | 2.73% | 112,873 | $4.0M | Reduce -4.3% |
| AVUV Avantis US Small Cap Value | 2.56% | 43,369 | $3.8M | Add +1.7% |
| PCLO Virtus Seix Aaa PRV CR Clo | 2.17% | 128,536 | $3.2M | Add +10.9% |
| AVES Avantis Emerging Markets Val | 1.96% | 61,448 | $2.9M | Add +0.9% |
| FNDA Schwab Fndmntl US SM Co. ETF | 1.58% | 85,187 | $2.3M | Reduce -0.2% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 1.51% | 72,372 | $2.2M | Reduce -3.9% |
| VWO Vanguard Ftse Emerging Marke | 1.46% | 47,610 | $2.2M | Add +0.4% |
| DFSI Dimensional Int Sus COR1 ETF | 1.14% | 48,416 | $1.7M | Reduce -6.6% |
| AVSD Avantis Reps Intern Equi ETF | 1.13% | 27,811 | $1.7M | Reduce -9.3% |
| ESGV Vanguard ESG US Stock ETF | 1.01% | 15,243 | $1.5M | Reduce -4.0% |
| AVDV Avantis Intl S/C Value ETF | 0.79% | 16,777 | $1.2M | Add +0.8% |
| VSGX Vanguard ESG Intl Stock ETF | 0.79% | 19,838 | $1.2M | Reduce -6.3% |
| FNDC Schwab Fndmnt Intl SM Eq ETF | 0.50% | 20,327 | $736K | Reduce -0.1% |
| AVSE Avantis Resp Emerg MKTS Eq-E | 0.49% | 14,205 | $730K | Reduce -7.3% |
| DFSE Dimensional Em Sus CORE1 ETF | 0.48% | 21,093 | $710K | Reduce -9.4% |
| ESML iShares ESG Aware MSCI USA S | 0.36% | 13,997 | $538K | Reduce -4.9% |
| MUB iShares National Muni Bond E | 0.25% | 3,540 | $373K | Add +6.0% |
| SGOV iShares 0-3 Month Treasury B | 0.20% | 3,000 | $302K | Add +50.0% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.18% | 5,360 | $266K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| STIP iShares 0-5 Year Tips Bond E | Reduce -45.5% | 7.25% | −6.94 |
| DFSU Dimensional US Sus CORE1 ETF | Reduce -4.3% | 2.73% | −0.58 |
| IGSB iShares 1-5Y Inv Grade Corp. | Sold out | 0.00% | −0.55 |
| AVSU Avantis Resp US Equity ETF | Reduce -2.3% | 2.75% | −0.52 |
| FNDA Schwab Fndmntl US SM Co. ETF | Reduce -0.2% | 1.58% | −0.30 |
| ESGV Vanguard ESG US Stock ETF | Reduce -4.0% | 1.01% | −0.23 |
| AVSD Avantis Reps Intern Equi ETF | Reduce -9.3% | 1.13% | −0.14 |
| DFSI Dimensional Int Sus COR1 ETF | Reduce -6.6% | 1.14% | −0.12 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.3% | 3.52% | −0.12 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Reduce -3.9% | 1.51% | −0.11 |
| VSGX Vanguard ESG Intl Stock ETF | Reduce -6.3% | 0.79% | −0.10 |
| ESML iShares ESG Aware MSCI USA S | Reduce -4.9% | 0.36% | −0.10 |
| DFSE Dimensional Em Sus CORE1 ETF | Reduce -9.4% | 0.48% | −0.09 |
| AVSE Avantis Resp Emerg MKTS Eq-E | Reduce -7.3% | 0.49% | −0.08 |
| AVIV Avantis Intl LRG Cap Val ETF | Reduce -0.3% | 4.07% | −0.03 |
| FNDC Schwab Fndmnt Intl SM Eq ETF | Reduce -0.1% | 0.50% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| GNMA iShares Gnma Bond ETF | Add +61.8% | 21.73% | +7.33 |
| JAAA Janus Henderson Aaa Clo ETF | New | 5.34% | +5.34 |
| SUSB iShares ESG Aware 1-5 Year U | Add +47.9% | 3.41% | +0.91 |
| SGOV iShares 0-3 Month Treasury B | Add +50.0% | 0.20% | +0.06 |
| PCMM BBLX Private Credit Clo ETF | Add +10.7% | 3.26% | +0.05 |
| PCLO Virtus Seix Aaa PRV CR Clo | Add +10.9% | 2.17% | +0.02 |
| MUB iShares National Muni Bond E | Add +6.0% | 0.25% | −0.01 |
| AVDV Avantis Intl S/C Value ETF | Add +0.8% | 0.79% | −0.01 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +0.3% | 3.13% | −0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +0.4% | 1.46% | −0.09 |
| AVES Avantis Emerging Markets Val | Add +0.9% | 1.96% | −0.13 |
| AVUV Avantis US Small Cap Value | Add +1.7% | 2.56% | −0.50 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +0.7% | 7.18% | −0.66 |
| AVLV Avantis US Large Cap Value | Add +1.0% | 8.78% | −0.98 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.3% | 8.28% | −1.27 |
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 |