Data as of Q4 2025 (Dec 31, 2025)

Northern Capital Management, Inc.

โ€ขCIK: 1581794โ€ขFiling: Q4 2025

**Northern Capital Management, Inc.** manages $189M across a portfolio of 52 distinct positions. The fund exhibits a notable concentration in growth and sector-specific ETFs, with SCHG representing the largest allocation at $56.9M. Further significant exposure is directed toward technology and quality indices via NDQ ($35.1M) and SCHV ($32.9M). Top holdings also include substantial positions in SCHG, NDQ, and SCHV, signaling a focused, equity-centric mandate.

Total AUM
$189.3M
QoQ Performance
+2.7%
Positions
42
Top 10 Concentration
88.1%
Latest Filing
Q4 2025

Top Holdings Allocation

SCHG
NDQ
SCHV
VV
SCHG30.0%
NDQ18.5%
SCHV17.4%
VV9.6%
GBCI2.9%
SPYV2.5%
JNJ2.2%
MSFT2.0%

๐Ÿ“ˆ Biggest Buys

SPYV
SPDR SERIES TRUST
+28.9%
2.5% of portfolio
VV
VANGUARD INDEX FDS
+4.5%
9.6% of portfolio
MSFT
MICROSOFT CORP
+12.0%
2.0% of portfolio
V
VISA INC
NEW
0.2% of portfolio
LLY
ELI LILLY & CO
NEW
0.1% of portfolio

๐Ÿ“‰ Biggest Sells

SCHG
SCHWAB STRATEGIC TR
-2.2%
30.0% of portfolio
SCHV
SCHWAB STRATEGIC TR
-2.6%
17.4% of portfolio
NDQ
INVESCO QQQ TR
-1.5%
18.5% of portfolio
SCHM
SCHWAB STRATEGIC TR
-24.1%
0.5% of portfolio
NEE
NEXTERA ENERGY INC
-42.5%
0.2% of portfolio

Sector Breakdown

Other86.8%
Technology6.2%
Healthcare2.6%
Consumer1.7%
Financial1.3%
ETF0.6%
Industrial0.3%
Energy0.3%

Changes from Q3 2025

NEW6 new positions
โ†‘20 increased
โ†“12 decreased

Historical Filings

Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023