Latest Northern Capital Management, Inc. Stock Portfolio

Northern Capital Management, Inc. Performance:

2025 Q4: 1.98%YTD: 15.51%2024: -36.9%

Performance for 2025 Q4 is 1.98%, and YTD is 15.51%, and 2024 is -36.9%.

About Northern Capital Management, Inc. and 13F Hedge Fund Stock Holdings

Northern Capital Management, Inc. is a hedge fund based in Spokane, WA. On 2026-02-03, the fund reported it's updated stock portfolio. In the 13F Holdings report, Northern Capital Management, Inc. reported an equity portfolio of $189.3 Millions as of 31 Dec, 2025.

The top stock holdings of Northern Capital Management, Inc. are FNDA, QQQ, FNDA. The fund has invested 30% of it's portfolio in SCHWAB STRATEGIC TR and 18.5% of portfolio in INVESCO QQQ TR.

They significantly reduced their stock positions in NEXTERA ENERGY INC (NEE), SCHWAB STRATEGIC TR (FNDA) and VANGUARD INDEX FDS (VB). Northern Capital Management, Inc. opened new stock positions in VISA INC (V), ELI LILLY & CO (LLY) and CATERPILLAR INC (CAT). The fund showed a lot of confidence in some stocks as they added substantially to PROSHARES TR (EET), BROADCOM INC (AVGO) and SPDR SERIES TRUST (BIL).

Northern Capital Management, Inc. Annual Return Estimates Vs S&P 500

Our best estimate is that Northern Capital Management, Inc. made a return of 1.98% in the last quarter. In trailing 12 months, it's portfolio return was 15.51%.

Performance
S&P 500

New Buys

Ticker	$ Bought
visa inc	351,787
eli lilly & co	255,960
caterpillar inc	232,662
asml holding n v	205,413
unitedhealth group inc	202,889
micron technology inc	200,364

New stocks bought by Northern Capital Management, Inc.

Additions

Ticker	% Inc.
proshares tr	100
broadcom inc	30.76
spdr series trust	28.94
abbvie inc	21.94
nvidia corporation	16.52
microsoft corp	12.02
boeing co	9.32
starbucks corp	6.85

Additions to existing portfolio by Northern Capital Management, Inc.

Reductions

Ticker	% Reduced
nextera energy inc	-42.52
schwab strategic tr	-24.11
vanguard index fds	-8.72
vanguard index fds	-3.34
schwab strategic tr	-2.59
schwab strategic tr	-2.16
invesco qqq tr	-1.47
berkshire hathaway inc del	-0.53

Northern Capital Management, Inc. reduced stake in above stock

Sold off

None of the stocks were completely sold off by Northern Capital Management, Inc.

Sector Distribution

Northern Capital Management, Inc. has about 83.3% of it's holdings in Others sector.

Sector	%
Others	83.3
Technology	5.1
Financial Services	4.7
Healthcare	2.6
Communication Services	1.2
Consumer Cyclical	1.1

Market Cap. Distribution

Northern Capital Management, Inc. has about 12.9% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	83.3
MEGA-CAP	11.1
MID-CAP	3.8
LARGE-CAP	1.8

Stocks belong to which Index?

About 16.6% of the stocks held by Northern Capital Management, Inc. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	83.4
S&P 500	12.8
RUSSELL 2000	3.8

Top 5 Winners (%)		%
GOOG	alphabet inc	28.8 %
GOOG	alphabet inc	28.7 %
CEF	sprott asset management lp	24.8 %
CMI	cummins inc	20.9 %
JNJ	johnson & johnson	11.6 %

Top 5 Winners ($)		$
FNDA	schwab strategic tr	1.3 M
QQQ	invesco qqq tr	0.8 M
FNDA	schwab strategic tr	0.6 M
JNJ	johnson & johnson	0.4 M
VB	vanguard index fds	0.4 M

Top 5 Losers (%)		%
EET	proshares tr	-41.9 %
META	meta platforms inc	-10.1 %
GBCI	glacier bancorp inc new	-9.5 %
COST	costco whsl corp new	-6.8 %
MSFT	microsoft corp	-6.3 %

Top 5 Losers ($)		$
GBCI	glacier bancorp inc new	-0.6 M
MSFT	microsoft corp	-0.3 M
EET	proshares tr	-0.2 M
COST	costco whsl corp new	-0.1 M
META	meta platforms inc	0.0 M

Northern Capital Management, Inc. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Northern Capital Management, Inc.

Northern Capital Management, Inc. has 52 stocks in it's portfolio. About 88.1% of the portfolio is in top 10 stocks. GBCI proved to be the most loss making stock for the portfolio. FNDA was the most profitable stock for Northern Capital Management, Inc. last quarter.

Last Reported on: 03 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	1.98	13,798	3,751,190	added	1.08

AAXJ	ishares tr	0.16	3,880	309,779	unchanged	0.00

ABBV	abbvie inc	0.20	1,673	382,173	added	21.94

AFK	vaneck etf trust	0.13	682	245,726	unchanged	0.00

AGZD	wisdomtree tr	0.13	2,714	239,049	unchanged	0.00

AMZN	amazon com inc	0.92	7,580	1,749,620	added	2.35

AON	aon plc	0.32	1,688	595,661	unchanged	0.00

AVGO	broadcom inc	0.19	1,050	363,285	added	30.76

BA	boeing co	0.20	1,759	381,914	added	9.32

BIL	spdr series trust	2.52	84,118	4,778,720	added	28.94

CAT	caterpillar inc	0.12	406	232,662	new

CEF	sprott asset management lp	0.20	8,380	383,804	unchanged	0.00

CMI	cummins inc	0.16	612	312,325	unchanged	0.00

COST	costco whsl corp new	0.54	1,176	1,013,760	added	3.61

CVX	chevron corp new	0.31	3,822	582,448	reduced	-0.26

DIA	spdr dow jones indl average	0.77	3,023	1,452,760	unchanged	0.00

DMXF	ishares tr	0.14	4,455	256,519	unchanged	0.00

EET	proshares tr	0.12	4,236	223,322	added	100

EPD	enterprise prods partners l	0.13	7,473	239,590	added	0.21

FIBK	first intst bancsystem inc	0.95	52,100	1,802,670	added	0.53