Northern Capital Management
Northern Capital Management reported 55 stocks worth $235M in its 13F filing for Q2 2026, filed Jul 23, 2026. Its largest holdings are SCHG (25.7%), SCHV (21.0%) and QQQ (17.9%). Compared with Q1 2026, the fund opened new positions in TQQQ, TSM and TSLA, added to SCHG, SCHV and VV, trimmed QQQ, MSFT and AMZN and sold out of GLD.
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 8 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 |  SCHG Schwab Strategic TR | $60.2M | 25.7% | 1.8M | +19K (+1%) | 8 of 8 | |
| 2 |  SCHV Schwab US Large Cap | $49.2M | 21.0% | 1.4M | +45K (+3%) | 8 of 8 | |
| 3 |  QQQ Invesco Qqq TR | $41.9M | 17.9% | 57K | −375 (−1%) | 8 of 8 | |
| 4 |  VV Vanguard Large Cap ETF | $19.7M | 8.4% | 57K | +162 (+0%) | 8 of 8 | |
| 5 |  SPYV State Street | $19.6M | 8.4% | 323K | +12K (+4%) | 6 of 8 | |
| 6 |  JNJ Johnson & Johnson | $5.1M | 2.2% | 20K | No change | 8 of 8 | |
| 7 |  GBCI Glacier Bancorp Inc New | $4.5M | 1.9% | 87K | No change | 4 of 8 | |
| 8 |  AAPL Apple Inc | $4M | 1.7% | 14K | +43 (+0%) | 8 of 8 | |
| 9 |  MSFT Microsoft Corp | $2.9M | 1.2% | 7,711 | −109 (−1%) | 8 of 8 | |
| 10 |  FIBK First Intst Bancsystem Inc | $2M | 0.8% | 52K | +253 (+0%) | 8 of 8 |
Positions at Jun 30, 2026, as reported. Change is against the fund's Q1 2026 filing; weight is the share of the fund's reported stocks.
Sold out
held in Q1 2026, gone in Q2 2026| Stock | Value last quarter | Shares sold |
|---|---|---|
 GLD Spdr Gold TR | $263K | 612 |
Reported value
last 8 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q2 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Jul 23, 2026 | 13F-HR/A Amendment | Q2 2026 | SEC filing ↗ |
| Jul 21, 2026 | 13F-HR | Q2 2026 | SEC filing ↗ |
Includes an amendment, which can add positions the fund kept confidential at first, or replace the original report.
Other superinvestors
All hedge fund holdings →Northern Capital Management 13F FAQ
What does Northern Capital Management own?
Northern Capital Management reported 55 stocks worth $235M in its 13F filing for Q2 2026, filed Jul 23, 2026. Its largest holdings are SCHG (25.7%), SCHV (21.0%) and QQQ (17.9%). The table above lists every position in the filing (the top 10 without an account).
What did Northern Capital Management buy and sell in Q2 2026?
Compared with Q1 2026: 5 new positions, 17 added to, 10 trimmed and 1 sold out. New positions include TQQQ, TSM and TSLA. It sold all of GLD.
When will Northern Capital Management file its next 13F?
Holdings as of Sep 30, 2026 are due by Nov 16, 2026. The filing appears on this page within minutes of reaching the SEC.
How much is Northern Capital Management's portfolio worth?
The Q2 2026 filing reports $235M in US stocks. That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.