13F HOLDINGS REPORT

NORTHLAND SECURITIES, INC.

Quarter ended Q4 2025 · Filed January 23, 2026 · Accession 0001006938-26-000004

Total Value

$104.3M

Positions

111

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (111)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	J P MORGAN EXCHANGE-TRADED FD TR INCOME ETF	46641Q159	416,007	$19.3M	18.46%
2	ISHARES TR CORE S&P 500 ETF	464287200	7,986	$5.5M	5.24%
3	SELECT SECTOR SPDR TR STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF	81369Y803	30,442	$4.4M	4.20%
4	APPLE INC COM	AAPL	12,683	$3.4M	3.31%
5	ISHARES TR GLOBAL TECH ETF	464287291	30,996	$3.3M	3.12%
6	ISHARES TR GLOBAL ENERGY ETF	464287341	74,248	$3.1M	2.98%
7	SELECT SECTOR SPDR TR STATE STREET ENERGY SELECT SECTOR SPDR ETF	81369Y506	69,261	$3.1M	2.97%
8	ISHARES TR GLOBAL CONSUMER STAPLES ETF	464288737	46,736	$3.0M	2.90%
9	SELECT SECTOR SPDR TR STATE STREET CONSUMER STAPLES SELECT SECTOR SPDR ETF	81369Y308	34,177	$2.7M	2.55%
10	ISHARES TR S&P 500 GROWTH ETF	464287309	21,120	$2.6M	2.50%
11	AMAZON COM INC COM	AMZN	9,248	$2.1M	2.05%
12	ISHARES TR MSCI USA QUALITY FACTOR ETF	46432F339	10,060	$2.0M	1.92%
13	BLACKROCK ETF TR ISHARES U S EQUITY FACTOR ROTATION ACTIVE ETF	BLK	30,072	$1.8M	1.75%
14	BERKSHIRE HATHAWAY INC DEL CL B NEW	BRK-A	3,037	$1.5M	1.46%
15	ISHARES TR S&P 500 VALUE ETF	464287408	6,654	$1.4M	1.35%
16	SPDR SER TR STATE STREET SPDR S&P AEROSPACE & DEFENSE ETF	78464A631	5,471	$1.3M	1.27%
17	ISHARES TR SEMICONDUCTOR ETF	464287523	4,134	$1.2M	1.19%
18	NVIDIA CORP COM	NVDA	6,601	$1.2M	1.18%
19	SELECT SECTOR SPDR TR STATE STREET FINL SELECT SECTOR SPDR ETF	81369Y605	21,528	$1.2M	1.13%
20	CAPITAL ONE FINL CORP COM	14040H105	4,750	$1.2M	1.10%
21	BLACKROCK ETF TR ISHARES A I INNOVATION & TECH ACTIVE ETF	BLK	34,372	$1.1M	1.10%
22	BROADCOM INC COM	AVGO	3,200	$1.1M	1.06%
23	AMPLIFY ETF TR AMPLIFY CYBERSECURITY ETF	032108664	13,604	$1.1M	1.05%
24	APPLIED MATLS INC COM	038222105	4,250	$1.1M	1.05%
25	ISHARES TR U S TECHNOLOGY ETF	464287721	5,417	$1.1M	1.04%
26	EMERSON ELEC CO COM	EMR	7,500	$995,400	0.95%
27	ISHARES TR US AEROSPACE & DEFENSE ETF	464288760	4,635	$995,088	0.95%
28	COSTCO WHSL CORP NEW COM	22160K105	1,136	$979,687	0.94%
29	SPDR S&P 500 ETF TR TR UNIT	SPY	1,338	$912,409	0.87%
30	ISHARES TR MSCI EAFE VALUE ETF	464288877	12,448	$888,912	0.85%
31	UNITEDHEALTH GROUP INC COM	UNH	2,543	$839,470	0.80%
32	MICROSOFT CORP COM	MSFT	1,733	$838,113	0.80%
33	ISHARES TR CORE UNIVERSAL USD BD ETF	46434V613	17,344	$807,190	0.77%
34	ISHARES TR MSCI EAFE GROWTH ETF	464288885	6,831	$778,188	0.75%
35	VANGUARD INDEX FDS VANGUARD VALUE ETF	922908744	3,775	$720,987	0.69%
36	CISCO SYS INC COM	CSCO	8,953	$689,650	0.66%
37	VANGUARD INDEX FDS VANGUARD GROWTH ETF	922908736	1,345	$656,172	0.63%
38	MEDTRONIC PLC SHS ISIN#IE00BTN1Y115	MDT	6,579	$631,979	0.61%
39	MARATHON PETE CORP COM	MARA	3,542	$576,035	0.55%
40	ISHARES INC CORE MSCI EMERGING MKTS ETF	46434G103	8,538	$573,924	0.55%
41	ISHARES TR US HEALTH CARE PROVIDERS ETF	464288828	11,941	$572,475	0.55%
42	VANGUARD INTL FD FTSE DEVELOPED MKTS ETF	921943858	9,033	$564,292	0.54%
43	SPDR S&P MIDCAP 400 ETF TR UNIT SER 1 STANDARD & POORS DEP RCPT	MDY	928	$559,844	0.54%
44	ZIMMER BIOMET HLDGS INC COM	ZBH	6,000	$539,520	0.52%
45	APOLLO GLOBAL MGMT INC NEW COM	03769M106	3,700	$535,612	0.51%
46	ISHARES TR S&P 100 ETF	464287101	1,548	$530,918	0.51%
47	TESLA INC COM	TSLA	1,150	$517,178	0.50%
48	BLACKROCK ETF TR ISHARES U S THEMATIC ROTATION ACTIVE ETF	BLK	11,295	$435,535	0.42%
49	ISHARES TR ESG AWARE MSCI USA ETF	46435G425	2,884	$429,658	0.41%
50	US BANCORP DEL COM NEW	USB-PS	8,025	$428,214	0.41%
51	DISNEY WALT CO DISNEY COM	254687106	3,758	$427,548	0.41%
52	ALPHABET INC CL A	GOOG	1,344	$420,672	0.40%
53	ISHARES TR MSCI USA MOMENTUM FACTOR ETF	46432F396	1,604	$401,497	0.38%
54	CORNING INC COM	GLW	4,489	$393,057	0.38%
55	JPMORGAN CHASE & CO COM	VYLD	1,214	$391,175	0.38%
56	ALLIANCEBERNSTEIN HLDG L P UNIT LTD PARTNERSHIP INTERESTS	01881G106	10,000	$384,800	0.37%
57	NETFLIX INC COM	NFLX	4,100	$384,416	0.37%
58	CAPITAL GROUP FIXED INCOME ETF TR U S MULTI-SECTOR INCOME ETF	14020Y300	13,715	$378,808	0.36%
59	SPDR SER TR STATE STREET SPDR S&P REGL BKG ETF	78464A698	5,563	$360,538	0.35%
60	FULLER H B CO COM	FUL	6,000	$356,760	0.34%
61	WELLS FARGO & CO NEW COM	949746101	3,700	$344,840	0.33%
62	ALPHABET INC CAP STK CL C	GOOG	1,090	$342,042	0.33%
63	PRUDENTIAL FINL INC COM	PUKPF	3,000	$338,640	0.32%
64	CAPITAL GROUP GROWTH ETF SHS	14020G101	7,561	$336,238	0.32%
65	WALMART INC COM	WMT	2,926	$325,986	0.31%
66	J P MORGAN EXCHANGE-TRADED FD TR EQUITY PREMIUM INCOME ETF	46641Q332	5,585	$319,685	0.31%
67	CAPITAL GROUP DIVID VALUE ETF SHS	14020W106	7,311	$319,052	0.31%
68	HUNTINGTON BANCSHARES INC COM	HBANP	18,250	$316,638	0.30%
69	BRIDGEWATER BANCSHARES INC COM	BWBBP	18,055	$316,504	0.30%
70	ABERDEEN STD GOLD ETF TR PHYSICAL SWISS GOLD SHS ETF	00326A104	7,696	$316,152	0.30%
71	CARPENTER TECHNOLOGY CORP COM	CRS	1,000	$314,840	0.30%
72	META PLATFORMS INC CL A	META	465	$306,942	0.29%
73	BLACKROCK ETF TR U S CARBON TRANSITION READINESS AWARE ACTIVE ETF	BLK	4,132	$306,144	0.29%
74	ISHARES TR ESG ADVANCED MSCI USA ETF	46436E767	5,256	$302,640	0.29%
75	PALANTIR TECHNOLOGIES INC CL A	PLTR	1,700	$302,175	0.29%
76	ISHARES TR ESG MSCI KLD 400 ETF	464288570	2,297	$295,923	0.28%
77	DEERE & CO COM	DE	630	$293,309	0.28%
78	BRIDGEWATER BANCSHARES INC DEP SHS REPSTG 1/100TH INT PERP PFD SER A QTLY PERP CLLB 08/17/26@25 PERP MTY	BWBBP	15,395	$291,427	0.28%
79	EVERGY INC COM	EVRG	3,873	$280,754	0.27%
80	MARRIOTT INTL INC NEW CL A	571903202	900	$279,216	0.27%
81	SPDR SER TR STATE STR SPDR PORT INTER TERM TREAS ETF	78464A672	9,517	$274,470	0.26%
82	INVESCO DB COMMODITY INDEX TRACKING FD UNIT	IVZ	12,029	$268,968	0.26%
83	J P MORGAN EXCHANGE-TRADED FD TR EQUITY FOCUS ETF	46654Q781	3,392	$253,338	0.24%
84	ISHARES TR RUSSELL 2000 ETF	464287655	1,014	$249,606	0.24%
85	FIRST TR LARGE CAP GROWTH ALPHADEX FD COM SHS	33735K108	1,560	$249,407	0.24%
86	BANK AMER CORP COM	060505104	4,425	$243,375	0.23%
87	VANGUARD INDEX FDS VANGUARD SMALL-CAP ETF	922908751	933	$240,667	0.23%
88	BP PLC SPONS ADR	BPPFF	6,858	$238,178	0.23%
89	ISHARES TR HIGH YIELD SYSTEMATIC BD ETF	46435G250	4,990	$236,277	0.23%
90	CORTEVA INC COM	CTVA	3,475	$232,929	0.22%
91	INVESCO EXCHANGE-TRADED FD TR S&P 500 EQUAL WEIGHT ETF	IVZ	1,213	$232,362	0.22%
92	ISHARES TR MBS ETF	464288588	2,423	$230,718	0.22%
93	OKTA INC CL A	OKTA	2,667	$230,615	0.22%
94	ATI INC COM	ATI	2,000	$229,520	0.22%
95	ISHARES INC MSCI EMERGING MKTS EX CHINA ETF	46434G764	3,146	$228,651	0.22%
96	ISHARES TR MSCI EAFE ETF	464287465	2,364	$227,015	0.22%
97	HOME DEPOT INC COM	HD	658	$226,418	0.22%
98	CONSTELLATION ENERGY CORP COM	CEG	634	$223,973	0.21%
99	GENERAL ELEC CO COM NEW	369604301	725	$223,322	0.21%
100	JOHNSON & JOHNSON COM	JNJ	1,056	$218,539	0.21%
101	AMERICAN ELEC PWR CO INC COM	025537101	1,845	$212,747	0.20%
102	SPDR SER TR STATE STREET SPDR BLOOMBERG 1-3 MNTH T BILL ETF NEW	78468R663	2,321	$212,093	0.20%
103	VERTIV HLDGS CO CL A	VRT	1,301	$210,775	0.20%
104	PROCTER & GAMBLE CO COM	742718109	1,458	$208,946	0.20%
105	HOLOGIC INC COM	HOLX	2,800	$208,572	0.20%
106	FISERV INC COM	FISV	3,000	$201,510	0.19%
107	GOLDMAN SACHS ETF TR TR ACTIVEBETA U S LARGE CAP EQUITY ETF	NVGLF	1,522	$201,467	0.19%
108	NIO INC SHS A SPONSORED AMERICAN DEP SHS REPR 1 SH A ORD SH ISIN#US62914V1061	NIOIF	12,000	$61,200	0.06%
109	NETLIST INC COM	NLST	24,000	$21,334	0.02%
110	KINDLY MD INC COM	49457M106	25,000	$8,778	0.01%
111	ENERPULSE TECHNOLOGIES INC COM	29278A101	19,483	$0	0.00%