Northland Securities, Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 4, 2026), Northland Securities, Inc. reported 107 stock positions worth $105.0 million. Its top holding was JPMorgan Income ETF (JPIE) at 17.9% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 5.0%) and iShares Global Energy ETF (IXC, 4.0%). Compared with Q4 2025, it opened 7 new positions, sold out of 10, added to 33 and reduced 38. The biggest buy was Zimmer Biomet (ZBH, shares +100%) and the biggest sale Apple (AAPL, shares −14%).

Most Recent 13F
Q2 2026
Location
MINNEAPOLIS, MN
CIK
0001006938
Portfolio Value
$105.0M (Q1 2026)
SEC Filing
0001006938-26-000013 ↗ filed May 4, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q4 2025: $104.0M Q4 2025 Q1 2026: $105.0M $105.0M Q1 2026 Q2 2026: $171.7M Q2 2026

Holdings 107 stocks · $105.0M
JPIE JPMorgan Income ETF 17.86% 407,339 $18.8M Reduce -2.1%
IVV iShares Core S&P 500 ETF 5.03% 8,090 $5.3M Add +1.3%
IXC iShares Global Energy ETF 3.96% 72,129 $4.2M Reduce -2.9%
XLE SS Energy Select Sector 3.89% 66,740 $4.1M Reduce -3.6%
XLK SS Technology Select Sector 3.84% 30,390 $4.0M Reduce -0.2%
KXI iShares Global Consumer Stap 3.11% 48,730 $3.3M Add +4.3%
IXN iShares Global Tech ETF 3.07% 32,246 $3.2M Add +4.0%
XLP SS Consumer Staples Sel Sect 2.77% 35,516 $2.9M Add +3.9%
AAPL Apple Inc. 2.62% 10,862 $2.8M Reduce -14.4%
IVW iShares S&P 500 Growth ETF 2.37% 21,973 $2.5M Add +4.0%
QUAL iShares MSCI USA Quality Fac 1.87% 10,226 $2.0M Add +1.6%
DYNF Ishrs US E F R A ETF-Usd Inc. 1.80% 32,492 $1.9M Add +8.1%
AMZN Amazon.com Inc. 1.78% 8,992 $1.9M Reduce -2.8%
IVE iShares S&P 500 Value ETF 1.51% 7,524 $1.6M Add +13.1%
BRK.B Berkshire Hathaway Inc. Class B 1.40% 3,078 $1.5M Add +1.4%
AMAT Applied Materials Inc. 1.38% 4,250 $1.5M No change
XAR SS SPDR S&P Aerospace Def 1.36% 5,633 $1.4M Add +3.0%
SOXX iShares Semiconductor ETF 1.30% 4,148 $1.4M Add +0.3%
BAI Ishrs AI in and Tech Act ETF 1.19% 37,905 $1.2M Add +10.3%
NVDA Nvidia Corp. 1.12% 6,722 $1.2M Add +1.8%
ZBH Zimmer Biomet Holdings Inc. 1.03% 12,000 $1.1M Add +100.0%
COST Costco Wholesale Corp. 1.01% 1,060 $1.1M Reduce -6.7%
ITA iShares U.S. Aerospace & Def 0.98% 4,706 $1.0M Add +1.5%
HACK Amplify Cybersecurity ETF 0.96% 13,421 $1.0M Reduce -1.4%
EFV iShares MSCI Eafe Value ETF 0.95% 13,367 $994K Add +7.4%
AVGO Broadcom Inc. 0.94% 3,200 $990K No change
EMR Emerson Electric Co. 0.94% 7,500 $983K No change
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.93% 21,052 $972K Add +21.4%
IYW iShares Ustechnology ETF 0.92% 5,355 $972K Reduce -1.1%
XLF SS Financial Select Sector 0.92% 19,504 $963K Reduce -9.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.89% 4,752 $932K Add +25.9%
COF Capital One Financial Corp. 0.82% 4,750 $867K No change
MPC Marathon Petroleum Corp. 0.81% 3,501 $855K Reduce -1.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.74% 1,197 $778K Reduce -10.5%
EFG iShares MSCI Eafe Growth ETF 0.71% 6,743 $751K Reduce -1.3%
IEMG iShares Core MSCI Emerging 0.68% 10,224 $713K Add +19.8%
CSCO Cisco Systems Inc. 0.62% 8,396 $651K Reduce -6.2%
UNH Unitedhealth Group Inc. 0.58% 2,240 $606K Reduce -11.9%
MSFT Microsoft Corp. 0.57% 1,626 $602K Reduce -6.2%
OEF iShares S&P 100 ETF 0.56% 1,833 $583K Add +18.4%
MDY State Street SPDR S&P Midcap 0.54% 928 $572K No change
VEA Vanguard Ftse Developed ETF 0.54% 8,830 $566K Reduce -2.3%
GOOGL Alphabet Inc. Class A 0.50% 1,815 $522K Add +35.0%
DBC Invesco DB Commodity Index T 0.47% 17,096 $495K Add +42.1%
THRO iShares U.S. Thematic Rotati 0.47% 13,510 $489K Add +19.6%
SPTI SS SPDR P Int Term TSY ETF 0.45% 16,566 $475K Add +74.1%
MTUM iShares MSCI USA Momentum Fa 0.45% 1,974 $474K Add +23.1%
GLW Corning Inc. 0.43% 3,289 $447K Reduce -26.7%
IHF iShares U.S. Healthcare Prov 0.42% 10,517 $440K Reduce -11.9%
SGOL Abrdn Physical Gold Shares 0.41% 9,753 $435K Add +26.7%
TSLA Tesla Inc. 0.41% 1,165 $433K Add +1.3%
USB US Bancorp 0.40% 8,025 $417K No change
APO Apollo Global Management Inc. 0.39% 3,700 $412K No change
ESGU iShares ESG Aware MSCI USA 0.39% 2,884 $408K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.38% 922 $403K Reduce -31.4%
CRS Carpenter Technology 0.38% 1,000 $394K No change
NFLX Netflix Inc. 0.37% 4,000 $385K Reduce -2.4%
REET iShares Global REIT ETF 0.36% 15,067 $379K New
AB Alliancebernstein Holding LP 0.36% 10,000 $374K No change
FUL H.B. Fuller Co. filed as FULLER H B CO 0.35% 6,000 $370K No change
DE Deere & Co. 0.34% 630 $355K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.33% 3,603 $347K Reduce -4.1%
WMT Walmart Inc. 0.33% 2,777 $345K Reduce -5.1%
IWM iShares Russell 2000 ETF 0.33% 1,386 $344K Add +36.7%
KRE SS SPDR S&P Regional Bank 0.31% 5,038 $328K Reduce -9.4%
VRT Vertiv Holdings Co. Class A 0.31% 1,301 $326K No change
IWB iShares Russell 1000 ETF 0.31% 912 $325K New
JPM JPMorgan Chase & Co. 0.31% 1,104 $325K Reduce -9.1%
BP BP PLC-Spons ADR 0.31% 6,858 $322K No change
CGMS Cap Group US Multi-Sect Bond 0.31% 11,827 $322K Reduce -13.8%
EVRG Evergy Inc. 0.30% 3,873 $317K No change
GOOG Alphabet Inc. Class C 0.30% 1,090 $313K No change
WFC Wells Fargo & Co. 0.28% 3,700 $295K No change
MAR Marriott International Class A 0.28% 900 $294K No change
PRU Prudential Financial Inc. 0.28% 3,000 $293K No change
ATI Ati Inc. 0.28% 2,000 $291K No change
CTVA Corteva Inc. 0.28% 3,475 $291K No change
USXF iShares ESG Advance MSCI USA 0.28% 5,256 $290K No change
MBB iShares MBS ETF 0.28% 3,055 $290K Add +26.1%
LCTU iShares U.S. Carbon Transiti 0.28% 4,132 $290K No change
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.27% 6,708 $285K Reduce -8.3%
CGGR Cap Group Growth Equity 0.27% 6,932 $279K Reduce -8.3%
DSI iShares ESG MSCI KLD 400 ETF 0.27% 2,297 $278K No change
GNRC Generac Holdings Inc. 0.26% 1,400 $273K New
JEPI JPMorgan Equity Premium Inco 0.26% 4,795 $272K Reduce -14.2%
APEI American Public Education 0.26% 4,765 $271K New
BWB Bridgewater Bancshares Inc. 0.26% 15,305 $271K Reduce -15.2%
HBAN Huntington Bancshares Inc. 0.25% 16,800 $263K Reduce -8.0%
PLTR Palantir Technologies Inc. Class A 0.24% 1,700 $249K No change
EMXC iShares MSCI Emr MRK Ex Chna 0.23% 3,077 $242K Reduce -2.2%
AEP American Electric Power 0.23% 1,845 $242K No change
BIL SS SPDR BB 1-3M T-Bill ETF 0.23% 2,623 $240K Add +13.0%
EFA iShares MSCI Eafe ETF 0.22% 2,374 $231K Add +0.4%
META Meta Platforms Inc. Class A 0.22% 403 $231K Reduce -13.3%
ETR Entergy Corp. 0.21% 2,010 $226K New
JPEF JPMorgan Equity Focus ETF 0.21% 3,124 $224K Reduce -7.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.21% 4,425 $216K No change
HOLX Hologic Inc. 0.20% 2,800 $212K No change
ECPG Encore Capital Group Inc. 0.20% 3,000 $210K New
OKTA Okta Inc. 0.20% 2,617 $206K Reduce -1.9%

Show all 107 holdings

Portfolio Sells Q4 2025 → Q1 2026
AAPL Apple Inc. Reduce -14.4% 2.62% −0.69
JPIE JPMorgan Income ETF Reduce -2.1% 17.86% −0.65
MDT Medtronic PLC Sold out 0.00% −0.61
XLK SS Technology Select Sector Reduce -0.2% 3.84% −0.37
AMZN Amazon.com Inc. Reduce -2.8% 1.78% −0.27
VUG Vanguard Mrngstar GR ETF-Sui Reduce -31.4% 0.38% −0.25
FTC First Trust Large Cap Growth Sold out 0.00% −0.24
MSFT Microsoft Corp. Reduce -6.2% 0.57% −0.23
VB Vanguard Most SM-Cap ETF-Usd Sold out 0.00% −0.23
UNH Unitedhealth Group Inc. Reduce -11.9% 0.58% −0.23
RSP Invesco S&P 500 Equal Weight Sold out 0.00% −0.22
HD Home Depot Inc. Sold out 0.00% −0.22
XLF SS Financial Select Sector Reduce -9.4% 0.92% −0.22
JNJ Johnson & Johnson Sold out 0.00% −0.21
FISV Fiserv Inc. Sold out 0.00% −0.19
GSLC Goldman Activebeta US LC ETF Sold out 0.00% −0.19
SPY SS SPDR S&P 500 ETF Trust-US Reduce -10.5% 0.74% −0.14
IHF iShares U.S. Healthcare Prov Reduce -11.9% 0.42% −0.13
IYW iShares Ustechnology ETF Reduce -1.1% 0.92% −0.12
HACK Amplify Cybersecurity ETF Reduce -1.4% 0.96% −0.09
DIS The Walt Disney Co. Reduce -4.1% 0.33% −0.08
META Meta Platforms Inc. Class A Reduce -13.3% 0.22% −0.08
JPM JPMorgan Chase & Co. Reduce -9.1% 0.31% −0.07
CGGR Cap Group Growth Equity Reduce -8.3% 0.27% −0.06
CGMS Cap Group US Multi-Sect Bond Reduce -13.8% 0.31% −0.06
HBAN Huntington Bancshares Inc. Reduce -8.0% 0.25% −0.05
JEPI JPMorgan Equity Premium Inco Reduce -14.2% 0.26% −0.05
BWB Bridgewater Bancshares Inc. Reduce -15.2% 0.26% −0.05
CSCO Cisco Systems Inc. Reduce -6.2% 0.62% −0.04
CGDV Cap Group Dividend Value Reduce -8.3% 0.27% −0.04
KRE SS SPDR S&P Regional Bank Reduce -9.4% 0.31% −0.03
EFG iShares MSCI Eafe Growth ETF Reduce -1.3% 0.71% −0.03
HYDB iShares High Yield Systemati Reduce -11.9% 0.19% −0.03
JPEF JPMorgan Equity Focus ETF Reduce -7.9% 0.21% −0.03
OKTA Okta Inc. Reduce -1.9% 0.20% −0.03
PG The Procter & Gamble Co. Reduce -4.5% 0.19% −0.01
NAKA Nakamoto Inc. Sold out 0.00% −0.01
NLST Netlist Inc. Reduce -53.3% 0.02% −0.00
VEA Vanguard Ftse Developed ETF Reduce -2.3% 0.54% −0.00
NFLX Netflix Inc. Reduce -2.4% 0.37% −0.00
ENPT Enerpulse Technologies Inc. Sold out 0.00% 0.00
EMXC iShares MSCI Emr MRK Ex Chna Reduce -2.2% 0.23% +0.01
WMT Walmart Inc. Reduce -5.1% 0.33% +0.02
GLW Corning Inc. Reduce -26.7% 0.43% +0.05
COST Costco Wholesale Corp. Reduce -6.7% 1.01% +0.06
MPC Marathon Petroleum Corp. Reduce -1.2% 0.81% +0.26
XLE SS Energy Select Sector Reduce -3.6% 3.89% +0.91
IXC iShares Global Energy ETF Reduce -2.9% 3.96% +0.96

Portfolio Buys Q4 2025 → Q1 2026
ZBH Zimmer Biomet Holdings Inc. Add +100.0% 1.03% +0.51
REET iShares Global REIT ETF New 0.36% +0.36
IWB iShares Russell 1000 ETF New 0.31% +0.31
GNRC Generac Holdings Inc. New 0.26% +0.26
APEI American Public Education New 0.26% +0.26
XLP SS Consumer Staples Sel Sect Add +3.9% 2.77% +0.22
ETR Entergy Corp. New 0.21% +0.21
DBC Invesco DB Commodity Index T Add +42.1% 0.47% +0.21
KXI iShares Global Consumer Stap Add +4.3% 3.11% +0.20
ECPG Encore Capital Group Inc. New 0.20% +0.20
VTV Vanguard Mrngstr Val ETF-Aui Add +25.9% 0.89% +0.19
HON Honeywell International Inc. New 0.19% +0.19
SPTI SS SPDR P Int Term TSY ETF Add +74.1% 0.45% +0.19
IVE iShares S&P 500 Value ETF Add +13.1% 1.51% +0.16
IUSB Ishr CR Unvrse Usd BD ETF-Ui Add +21.4% 0.93% +0.15
IEMG iShares Core MSCI Emerging Add +19.8% 0.68% +0.13
SGOL Abrdn Physical Gold Shares Add +26.7% 0.41% +0.11
SOXX iShares Semiconductor ETF Add +0.3% 1.30% +0.10
XAR SS SPDR S&P Aerospace Def Add +3.0% 1.36% +0.09
GOOGL Alphabet Inc. Class A Add +35.0% 0.50% +0.09
EFV iShares MSCI Eafe Value ETF Add +7.4% 0.95% +0.09
BAI Ishrs AI in and Tech Act ETF Add +10.3% 1.19% +0.09
IWM iShares Russell 2000 ETF Add +36.7% 0.33% +0.09
MTUM iShares MSCI USA Momentum Fa Add +23.1% 0.45% +0.06
MBB iShares MBS ETF Add +26.1% 0.28% +0.05
THRO iShares U.S. Thematic Rotati Add +19.6% 0.47% +0.05
OEF iShares S&P 100 ETF Add +18.4% 0.56% +0.04
DYNF Ishrs US E F R A ETF-Usd Inc. Add +8.1% 1.80% +0.04
BIL SS SPDR BB 1-3M T-Bill ETF Add +13.0% 0.23% +0.02
ITA iShares U.S. Aerospace & Def Add +1.5% 0.98% +0.02
NIO Nio Inc. - ADR Add +8.3% 0.07% +0.02
EFA iShares MSCI Eafe ETF Add +0.4% 0.22% +0.00
CEG Constellation Energy Add +14.2% 0.19% −0.02
QUAL iShares MSCI USA Quality Fac Add +1.6% 1.87% −0.05
IXN iShares Global Tech ETF Add +4.0% 3.07% −0.06
BRK.B Berkshire Hathaway Inc. Class B Add +1.4% 1.40% −0.06
NVDA Nvidia Corp. Add +1.8% 1.12% −0.07
TSLA Tesla Inc. Add +1.3% 0.41% −0.09
IVW iShares S&P 500 Growth ETF Add +4.0% 2.37% −0.14
IVV iShares Core S&P 500 ETF Add +1.3% 5.03% −0.23

Notes & Other Activity Q4 2025 → Q1 2026
BRIDGEWATER BANCSHARES (BWB 5.875 PERP) COM Sold out 15,395 $291Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 117$171.7MQQQ, JPIE, IDEQ, XLK, IVV
Q1 2026 107$105.0MJPIE, IVV, IXC, XLE, XLK
Q4 2025 110$104.0MJPIE, IVV, XLK, AAPL, IXN