Northland Capital Management LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 21, 2026), Northland Capital Management LLC reported 31 stock positions worth $182.9 million. Its top holding was Bondbloxx BBG 10Y US TSY ETF (XTEN) at 14.2% of the portfolio, followed by Avantis US Large Cap Value (AVLV, 11.8%) and Schwab Fndmntl US LRG Co. ETF (FNDX, 9.2%). Compared with Q4 2025, it opened 2 new positions, sold out of 1, added to 11 and reduced 16. The biggest buy was a new position in Bondbloxx BBG 10Y US TSY ETF (XTEN) and the biggest sale iShares Gnma Bond ETF (GNMA, shares −65%).
- Most Recent 13F
- Q2 2026
- Location
- VIRGINIA, MN
- CIK
- 0001693032
- Portfolio Value
- $182.9M (Q1 2026)
- SEC Filing
- 0001693032-26-000003 ↗ filed Apr 21, 2026
Holdings Value
Holdings 31 stocks · $182.9M
| XTEN Bondbloxx BBG 10Y US TSY ETF | 14.20% | 566,174 | $26.0M | New |
| AVLV Avantis US Large Cap Value | 11.75% | 266,638 | $21.5M | Add +2.4% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 9.16% | 601,226 | $16.7M | Reduce -16.1% |
| STIP iShares 0-5 Year Tips Bond E | 8.94% | 158,107 | $16.4M | Add +60.2% |
| VTI VG Morningstar TS MKT ETF-US | 6.94% | 39,591 | $12.7M | Add +8.8% |
| JAAA Janus Henderson Aaa Clo ETF | 6.18% | 224,251 | $11.3M | Add +5.8% |
| GNMA iShares Gnma Bond ETF | 5.76% | 237,642 | $10.5M | Reduce -65.0% |
| AVIV Avantis Intl LRG Cap Val ETF | 4.88% | 119,374 | $8.9M | Add +6.2% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 3.99% | 148,983 | $7.3M | Reduce -14.7% |
| AVUV Avantis US Small Cap Value | 3.36% | 55,577 | $6.1M | Add +6.2% |
| AVSU Avantis Resp US Equity ETF | 2.90% | 71,851 | $5.3M | Reduce -5.3% |
| VEA Vanguard Ftse Developed ETF | 2.76% | 78,853 | $5.1M | Add +6.0% |
| FNDA Schwab Fndmntl US SM Co. ETF | 2.51% | 141,447 | $4.6M | Reduce -15.0% |
| AVES Avantis Emerging Markets Val | 2.34% | 71,412 | $4.3M | Add +6.5% |
| DFSU Dimensional US Sus CORE1 ETF | 2.21% | 98,160 | $4.0M | Reduce -25.2% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 1.87% | 89,238 | $3.4M | Reduce -15.1% |
| SUSB iShares ESG Aware 1-5 Year U | 1.71% | 124,439 | $3.1M | Reduce -35.5% |
| VWO Vanguard Ftse Emerging Marke | 1.13% | 38,084 | $2.1M | Add +6.9% |
| AVSD Avantis Reps Intern Equi ETF | 1.11% | 27,670 | $2.0M | Reduce -3.5% |
| ESGV Vanguard ESG US Stock ETF | 1.00% | 16,349 | $1.8M | Reduce -1.0% |
| AVDV Avantis Intl S/C Value ETF | 0.88% | 16,199 | $1.6M | Add +5.9% |
| DFSI Dimensional Int Sus COR1 ETF | 0.88% | 38,019 | $1.6M | Reduce -25.6% |
| VSGX Vanguard ESG Intl Stock ETF | 0.82% | 20,814 | $1.5M | Reduce -3.7% |
| FNDC Schwab Fndmnt Intl SM Eq ETF | 0.66% | 26,207 | $1.2M | Reduce -14.9% |
| AVSE Avantis Resp Emerg MKTS Eq-E | 0.50% | 13,758 | $916K | Reduce -3.8% |
| ESML iShares ESG Aware MSCI USA S | 0.45% | 17,391 | $818K | Reduce -3.9% |
| DFSE Dimensional Em Sus CORE1 ETF | 0.40% | 17,359 | $735K | Reduce -23.5% |
| MUB iShares National Muni Bond E | 0.24% | 4,055 | $430K | Add +23.4% |
| SGOV iShares 0-3 Month Treasury B | 0.21% | 3,890 | $392K | No change |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.15% | 5,360 | $267K | No change |
| CLF Cleveland-Cliffs Inc. | 0.11% | 24,576 | $208K | New |
Portfolio Sells Q4 2025 → Q1 2026
| GNMA iShares Gnma Bond ETF | Reduce -65.0% | 5.76% | −11.18 |
| PCMM BBLX Private Credit Clo ETF | Sold out | 0.00% | −2.55 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -16.1% | 9.16% | −1.77 |
| SUSB iShares ESG Aware 1-5 Year U | Reduce -35.5% | 1.71% | −1.02 |
| DFSU Dimensional US Sus CORE1 ETF | Reduce -25.2% | 2.21% | −0.99 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -14.7% | 3.99% | −0.43 |
| FNDA Schwab Fndmntl US SM Co. ETF | Reduce -15.0% | 2.51% | −0.43 |
| DFSI Dimensional Int Sus COR1 ETF | Reduce -25.6% | 0.88% | −0.34 |
| AVSU Avantis Resp US Equity ETF | Reduce -5.3% | 2.90% | −0.34 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Reduce -15.1% | 1.87% | −0.25 |
| DFSE Dimensional Em Sus CORE1 ETF | Reduce -23.5% | 0.40% | −0.13 |
| ESGV Vanguard ESG US Stock ETF | Reduce -1.0% | 1.00% | −0.12 |
| FNDC Schwab Fndmnt Intl SM Eq ETF | Reduce -14.9% | 0.66% | −0.10 |
| AVSD Avantis Reps Intern Equi ETF | Reduce -3.5% | 1.11% | −0.08 |
| VSGX Vanguard ESG Intl Stock ETF | Reduce -3.7% | 0.82% | −0.05 |
| AVSE Avantis Resp Emerg MKTS Eq-E | Reduce -3.8% | 0.50% | −0.02 |
| ESML iShares ESG Aware MSCI USA S | Reduce -3.9% | 0.45% | −0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| XTEN Bondbloxx BBG 10Y US TSY ETF | New | 14.20% | +14.20 |
| STIP iShares 0-5 Year Tips Bond E | Add +60.2% | 8.94% | +3.28 |
| AVLV Avantis US Large Cap Value | Add +2.4% | 11.75% | +0.70 |
| AVIV Avantis Intl LRG Cap Val ETF | Add +6.2% | 4.88% | +0.40 |
| AVUV Avantis US Small Cap Value | Add +6.2% | 3.36% | +0.37 |
| JAAA Janus Henderson Aaa Clo ETF | Add +5.8% | 6.18% | +0.17 |
| VEA Vanguard Ftse Developed ETF | Add +6.0% | 2.76% | +0.16 |
| AVES Avantis Emerging Markets Val | Add +6.5% | 2.34% | +0.15 |
| CLF Cleveland-Cliffs Inc. | New | 0.11% | +0.11 |
| VTI VG Morningstar TS MKT ETF-US | Add +8.8% | 6.94% | +0.11 |
| AVDV Avantis Intl S/C Value ETF | Add +5.9% | 0.88% | +0.08 |
| VWO Vanguard Ftse Emerging Marke | Add +6.9% | 1.13% | +0.05 |
| MUB iShares National Muni Bond E | Add +23.4% | 0.24% | +0.04 |
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 |