Northland Capital Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 14, 2025), Northland Capital Management LLC reported 31 stock positions worth $162.4 million. Its top holding was iShares Gnma Bond ETF (GNMA) at 20.5% of the portfolio, followed by VG Morningstar TS MKT ETF-US (VTI, 10.5%) and Avantis US Large Cap Value (AVLV, 9.3%). Compared with Q1 2025, it added to 18 and reduced 12. The biggest buy was VG Morningstar TS MKT ETF-US (VTI, shares +26%) and the biggest sale Janus Henderson Aaa Clo ETF (JAAA, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- VIRGINIA, MN
- CIK
- 0001693032
- Portfolio Value
- $162.4M (Q2 2025)
- SEC Filing
- 0001693032-25-000006 ↗ filed Jul 14, 2025
Holdings Value
Holdings 31 stocks · $162.4M
| GNMA iShares Gnma Bond ETF | 20.51% | 757,948 | $33.3M | Add +3.6% |
| VTI VG Morningstar TS MKT ETF-US | 10.49% | 56,060 | $17.0M | Add +25.9% |
| AVLV Avantis US Large Cap Value | 9.29% | 221,117 | $15.1M | Add +11.1% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 7.35% | 486,793 | $11.9M | Add +8.3% |
| STIP iShares 0-5 Year Tips Bond E | 6.70% | 105,705 | $10.9M | Add +2.1% |
| JAAA Janus Henderson Aaa Clo ETF | 4.46% | 142,599 | $7.2M | Reduce -8.4% |
| VEA Vanguard Ftse Developed ETF | 3.88% | 110,686 | $6.3M | Add +8.0% |
| AVIV Avantis Intl LRG Cap Val ETF | 3.77% | 98,318 | $6.1M | Reduce -7.5% |
| AVSU Avantis Resp US Equity ETF | 2.99% | 70,740 | $4.9M | Add +8.4% |
| DFSU Dimensional US Sus CORE1 ETF | 2.96% | 122,529 | $4.8M | Add +8.6% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 2.94% | 119,162 | $4.8M | Reduce -7.0% |
| SUSB iShares ESG Aware 1-5 Year U | 2.88% | 185,722 | $4.7M | Reduce -7.8% |
| AVUV Avantis US Small Cap Value | 2.86% | 50,916 | $4.6M | Add +17.4% |
| PCMM BBLX Private Credit Clo ETF | 2.63% | 84,694 | $4.3M | Reduce -10.6% |
| AVES Avantis Emerging Markets Val | 2.09% | 63,449 | $3.4M | Add +3.3% |
| PCLO Virtus Seix Aaa PRV CR Clo | 1.75% | 114,122 | $2.8M | Reduce -11.2% |
| FNDA Schwab Fndmntl US SM Co. ETF | 1.73% | 98,351 | $2.8M | Add +15.4% |
| VWO Vanguard Ftse Emerging Marke | 1.69% | 55,498 | $2.7M | Add +16.6% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 1.52% | 74,839 | $2.5M | Add +3.4% |
| ESGV Vanguard ESG US Stock ETF | 1.25% | 18,453 | $2.0M | Add +21.1% |
| DFSI Dimensional Int Sus COR1 ETF | 1.08% | 44,403 | $1.7M | Reduce -8.3% |
| AVSD Avantis Reps Intern Equi ETF | 1.03% | 24,879 | $1.7M | Reduce -10.5% |
| VSGX Vanguard ESG Intl Stock ETF | 0.87% | 21,551 | $1.4M | Add +8.6% |
| AVDV Avantis Intl S/C Value ETF | 0.77% | 15,688 | $1.2M | Reduce -6.5% |
| AVSE Avantis Resp Emerg MKTS Eq-E | 0.51% | 14,027 | $822K | Reduce -1.3% |
| DFSE Dimensional Em Sus CORE1 ETF | 0.50% | 21,400 | $814K | Add +1.5% |
| FNDC Schwab Fndmnt Intl SM Eq ETF | 0.49% | 18,938 | $796K | Reduce -6.8% |
| ESML iShares ESG Aware MSCI USA S | 0.44% | 17,154 | $709K | Add +22.6% |
| MUB iShares National Muni Bond E | 0.22% | 3,440 | $359K | Reduce -2.8% |
| SGOV iShares 0-3 Month Treasury B | 0.21% | 3,420 | $344K | Add +14.0% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.16% | 5,360 | $263K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| JAAA Janus Henderson Aaa Clo ETF | Reduce -8.4% | 4.46% | −0.88 |
| PCMM BBLX Private Credit Clo ETF | Reduce -10.6% | 2.63% | −0.64 |
| SUSB iShares ESG Aware 1-5 Year U | Reduce -7.8% | 2.88% | −0.53 |
| PCLO Virtus Seix Aaa PRV CR Clo | Reduce -11.2% | 1.75% | −0.42 |
| AVIV Avantis Intl LRG Cap Val ETF | Reduce -7.5% | 3.77% | −0.31 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -7.0% | 2.94% | −0.20 |
| AVSD Avantis Reps Intern Equi ETF | Reduce -10.5% | 1.03% | −0.09 |
| DFSI Dimensional Int Sus COR1 ETF | Reduce -8.3% | 1.08% | −0.07 |
| MUB iShares National Muni Bond E | Reduce -2.8% | 0.22% | −0.03 |
| AVDV Avantis Intl S/C Value ETF | Reduce -6.5% | 0.77% | −0.03 |
| FNDC Schwab Fndmnt Intl SM Eq ETF | Reduce -6.8% | 0.49% | −0.01 |
| AVSE Avantis Resp Emerg MKTS Eq-E | Reduce -1.3% | 0.51% | +0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| VTI VG Morningstar TS MKT ETF-US | Add +25.9% | 10.49% | +2.21 |
| AVLV Avantis US Large Cap Value | Add +11.1% | 9.29% | +0.51 |
| VEA Vanguard Ftse Developed ETF | Add +8.0% | 3.88% | +0.36 |
| AVUV Avantis US Small Cap Value | Add +17.4% | 2.86% | +0.30 |
| ESGV Vanguard ESG US Stock ETF | Add +21.1% | 1.25% | +0.24 |
| AVSU Avantis Resp US Equity ETF | Add +8.4% | 2.99% | +0.23 |
| VWO Vanguard Ftse Emerging Marke | Add +16.6% | 1.69% | +0.23 |
| DFSU Dimensional US Sus CORE1 ETF | Add +8.6% | 2.96% | +0.23 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +8.3% | 7.35% | +0.18 |
| FNDA Schwab Fndmntl US SM Co. ETF | Add +15.4% | 1.73% | +0.16 |
| AVES Avantis Emerging Markets Val | Add +3.3% | 2.09% | +0.13 |
| VSGX Vanguard ESG Intl Stock ETF | Add +8.6% | 0.87% | +0.08 |
| ESML iShares ESG Aware MSCI USA S | Add +22.6% | 0.44% | +0.07 |
| DFSE Dimensional Em Sus CORE1 ETF | Add +1.5% | 0.50% | +0.02 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Add +3.4% | 1.52% | +0.01 |
| SGOV iShares 0-3 Month Treasury B | Add +14.0% | 0.21% | +0.01 |
| STIP iShares 0-5 Year Tips Bond E | Add +2.1% | 6.70% | −0.55 |
| GNMA iShares Gnma Bond ETF | Add +3.6% | 20.51% | −1.22 |
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 |