Northern Capital Management, Inc. Q2 2026 Filing

Filed July 21, 2026

Portfolio Value

$120.7B

Holdings

Report Date

Q2 2026

Filing Type

13F-HR

All Holdings (50 positions)

#	Stock	Shares	Value	% Portfolio
1	SCHGSchwab U.S. Large-Cap Growth ETF	1,755,803	$51.1B	42.36%
2	SCHVSchwab US Large-Cap Value ETF	1,361,870	$41.5B	34.40%
3	SPYVState Street SPDR Port S&P 500 Val ETF	309,327	$17.5B	14.49%
4	GBCIGlacier Bancorp Inc	87,162	$3.9B	3.22%
5	FIBKFirst Interstate BancSystem Inc	51,336	$1.7B	1.42%
6	SCHMSchwab US Mid-Cap ETF	25,007	$774.2M	0.64%
7	SCHBSchwab U.S. Broad Market ET	29,112	$730.7M	0.61%
8	VEUVanguard FTSE All-World ex-US ETF	7,148	$536.8M	0.44%
9	VNQVanguard REIT Index ETF	4,788	$424.7M	0.35%
10	CEF/USprott Physical Gold and Silver Trust	8,380	$399.9M	0.33%
11	SBUXStarbucks Corp	4,447	$398.4M	0.33%
12	IMCGiShares Morningstar Mid-Cap Growth ETF	3,880	$305.6M	0.25%
13	VXUSVanguard Total International Stock ETF	3,744	$288.7M	0.24%
14	EPDEnterprise Products Partners LP	7,488	$283.4M	0.23%
15	USXFISHARES ESG ADVANCED MSCI USA ETF	4,455	$245.9M	0.20%
16	WFCWells Fargo & Co New	3,084	$245.5M	0.20%
17	DLNWisdomTree LargeCap Dividend ETF	2,714	$242.4M	0.20%
18	NDQInvesco QQQ Trust	57,028	$32.9M	0.03%
19	VVVanguard Large-Cap ETF	56,527	$16.9M	0.01%
20	JNJJohnson & Johnson	19,991	$4.9M	0.00%
21	AAPLApple Inc	13,769	$3.5M	0.00%
22	MSFTMicrosoft Corp	7,736	$2.9M	0.00%
23	AMZNAmazon.com Inc	7,802	$1.6M	0.00%
24	DONState Street SPDR DJIA ETF	3,234	$1.5M	0.00%
25	NVDANVIDIA Corp	7,253	$1.3M	0.00%
26	COSTCostco Wholesale Corp	1,215	$1.2M	0.00%
27	GOOGAlphabet Inc Class C	4,017	$1.2M	0.00%
28	VOOVanguard S&P 500 ETF	1,625	$971K	0.00%
29	CVXChevron Corp	3,822	$791K	0.00%
30	VTIVanguard Total Stock Market ETF	2,308	$741K	0.00%
31	XOMExxon Mobil Corp	4,131	$701K	0.00%
32	AONAon PLC	1,688	$545K	0.00%
33	GOOGLAlphabet Inc Class A	1,715	$493K	0.00%
34	JPMJPMorgan Chase & Co	1,404	$413K	0.00%
35	BABoeing Co	1,992	$396K	0.00%
36	SMHVanEck Semiconductor ETF	1,010	$387K	0.00%
37	METAMeta Platforms Inc Class A	670	$384K	0.00%
38	ABBVAbbVie Inc	1,672	$364K	0.00%
39	CMICummins Inc	612	$329K	0.00%
40	VVisa Inc Cl A	1,003	$303K	0.00%
41	CATCaterpillar Inc	406	$288K	0.00%
42	IBMInternational Business Machines Corp	1,162	$282K	0.00%
43	BRK/BBerkshire Hathaway Inc Class B	585	$280K	0.00%
44	GQ9SPDR Gold Shares	612	$263K	0.00%
45	COPConocophillips	1,977	$261K	0.00%
46	ASMLASML Holding NV	192	$254K	0.00%
47	ITOTiShares Core S&P Total US Stock Mkt ETF	1,696	$242K	0.00%
48	MUMicron Technology Inc	702	$237K	0.00%
49	UNHUnitedHealth Group Inc	849	$230K	0.00%
50	LLYEli Lilly and Co	238	$219K	0.00%