Institutional Manager · CIK 0001581794
Northern Capital Management, Inc.
SPOKANE, WA · File #028-20658
Latest AUM
$189.3M
Positions
52
Top-10 Concentration
88.3%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | SCHWAB STRATEGIC TR | 808524300 | -38,455 | -$1.3M | +$1.3M |
| ADD | SPDR SERIES TRUST | 78464A508 | +18,881 | +$1.1M | +$96,555 |
| REDUCE | SCHWAB STRATEGIC TR | 808524409 | -29,573 | -$875,657 | +$570,187 |
| ADD | VANGUARD INDEX FDS | 922908637 | +2,498 | +$786,372 | +$384,307 |
| REDUCE | INVESCO QQQ TR | IVZ | -851 | -$522,773 | +$808,061 |
| ADD | MICROSOFT CORP | MSFT | +833 | +$402,856 | -$237,735 |
| NEW | VISA INC | V | +1,003 | +$351,787 | $0 |
| REDUCE | SCHWAB STRATEGIC TR | 808524508 | -9,057 | -$272,347 | +$16,183 |
| REDUCE | NEXTERA ENERGY INC | NEE-PW | -3,286 | -$263,800 | +$37,022 |
| NEW | ELI LILLY & CO | LLY | +238 | +$255,960 | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202552 pos · $189.3M
- 13F HOLDINGS REPORTQ/E Sep 202546 pos · $184.3M
- 13F HOLDINGS REPORTQ/E Jun 202544 pos · $170.0M
- 13F HOLDINGS REPORTQ/E Mar 202543 pos · $153.4M
- 13F HOLDINGS REPORTQ/E Dec 202440 pos · $163.1M
- 13F HOLDINGS REPORTQ/E Sep 202441 pos · $158.3M
- 13F HOLDINGS REPORTQ/E Jun 202439 pos · $149.8M
- 13F HOLDINGS REPORTQ/E Mar 202437 pos · $143.3M
- 13F HOLDINGS REPORTQ/E Dec 202336 pos · $107.1M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | SCHWAB STRATEGIC TR | 808524300 | 1,743,373 | $56.9M | 30.11% |
| 2 | INVESCO QQQ TR | IVZ | 57,126 | $35.1M | 18.58% |
| 3 | SCHWAB STRATEGIC TR | 808524409 | 1,110,791 | $32.9M | 17.42% |
| 4 | VANGUARD INDEX FDS | 922908637 | 57,870 | $18.2M | 9.65% |
| 5 | GLACIER BANCORP INC NEW | GBCI | 123,439 | $5.4M | 2.88% |
| 6 | SPDR SERIES TRUST | 78464A508 | 84,118 | $4.8M | 2.53% |
| 7 | JOHNSON & JOHNSON | JNJ | 19,989 | $4.1M | 2.19% |
| 8 | MICROSOFT CORP | MSFT | 7,765 | $3.8M | 1.99% |
| 9 | APPLE INC | AAPL | 13,798 | $3.8M | 1.99% |
| 10 | FIRST INTST BANCSYSTEM INC | 32055Y201 | 52,100 | $1.8M | 0.95% |
| 11 | AMAZON COM INC | AMZN | 7,580 | $1.7M | 0.93% |
| 12 | SPDR DOW JONES INDL AVERAGE | 78467X109 | 3,023 | $1.5M | 0.77% |
| 13 | NVIDIA CORPORATION | NVDA | 7,054 | $1.3M | 0.70% |
| 14 | ALPHABET INC | GOOG | 4,023 | $1.3M | 0.67% |
| 15 | VANGUARD INDEX FDS | 922908363 | 1,703 | $1.1M | 0.57% |
| 16 | SCHWAB STRATEGIC TR | 808524102 | 40,395 | $1.1M | 0.56% |
| 17 | COSTCO WHSL CORP NEW | 22160K105 | 1,176 | $1.0M | 0.54% |
| 18 | VANGUARD INDEX FDS | 922908769 | 2,894 | $970,285 | 0.51% |
| 19 | SCHWAB STRATEGIC TR | 808524508 | 28,516 | $857,486 | 0.45% |
| 20 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 1,677 | $842,944 | 0.45% |