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NCM
Northland Capital Management Portfolio holdings
AUM
$186M
1-Year Est. Return
16.43%
This Fund
S&P 500
This Quarter
Est. Return
+6.9%
1 Year Est. Return
+16.43%
3 Year Est. Return
+36.12%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$186M
AUM Growth
+$2.64M
(+1.4%)
Cap. Flow
-$9.89M
Cap. Flow
% of AUM
-5.33%
Top 10 Holdings %
Top 10 Hldgs %
74.98%
Holding
32
New
1
Increased
14
Reduced
13
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FAAA
Fidelity AAA CLO ETF
FAAA
|
+$12.1M |
| 2 |
Schwab Fundamental International Large Company Index ETF
FNDF
|
+$1.72M |
| 3 |
BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF
XTEN
|
+$1.11M |
| 4 |
iShares 0-5 Year TIPS Bond ETF
STIP
|
+$611K |
| 5 |
Avantis International Large Cap Value ETF
AVIV
|
+$517K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Janus Henderson AAA CLO ETF
JAAA
|
+$11.3M |
| 2 |
Avantis US Large Cap Value ETF
AVLV
|
+$8.51M |
| 3 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$3.04M |
| 4 |
Avantis Responsible US Equity ETF
AVSU
|
+$2.32M |
| 5 |
Avantis Emerging Markets Value ETF
AVES
|
+$804K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 99.88% |
| 2 | Materials | 0.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Avantis Responsible Emerging Markets Equity ETF
AVSE
$232M
| $726K | 0.39% |
8,873
-4,885
| -36% | -$377K |
|
|
DFSE
27
Dimensional Emerging Markets Sustainability Core 1 ETF
DFSE
$653M
| $706K | 0.38% |
14,439
-2,920
| -17% | -$140K |
|
28
iShares National Muni Bond ETF
MUB
$44.4B
| $436K | 0.24% |
4,055
| – | – |
|
29
Vanguard Tax-Exempt Bond Index Fund
VTEB
$44.5B
| $381K | 0.21% |
7,527
+2,167
| +40% | +$109K |
|
30
Cleveland-Cliffs
CLF
$6.95B
| $231K | 0.12% |
24,576
| – | – |
|
|
31
Janus Henderson AAA CLO ETF
JAAA
$31.1B
| – | – |
-224,251
| Closed | -$11.3M |
|
32
iShares 0-3 Month Treasury Bond ETF
SGOV
$111B
| – | – |
-3,890
| Closed | -$392K |
|
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Northland Capital Management's Q2 2026 Portfolio in Review
As of Q2 2026, Northland Capital Management held 32 positions worth $186M, up 1.4% from $183M the previous quarter. Its ten largest holdings account for 75% of the portfolio.
Northland Capital Management withdrew a net $9.89M in Q2 2026, closing 2 positions and reducing 13 holdings. Its most notable exit was Janus Henderson AAA CLO ETF, an estimated $11.3M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 100% of assets, down from 100% a quarter earlier, followed by Materials.
Against the trend, Northland Capital Management opened a new position in Fidelity AAA CLO ETF worth $12.1M.
- Northland Capital Management's largest Q2 2026 buy was Fidelity AAA CLO ETF: 241,451 shares worth $12.1M.
- Northland Capital Management added most to Schwab Fundamental International Large Company Index ETF in Q2 2026, an estimated $1.72M increase.
- Northland Capital Management's biggest Q2 2026 reduction was Avantis US Large Cap Value ETF, cutting an estimated $8.51M.
- Northland Capital Management fully exited Janus Henderson AAA CLO ETF in Q2 2026, selling an estimated $11.3M.
- Northland Capital Management's ten largest holdings make up 75% of its $186M portfolio in Q2 2026.
- Northland Capital Management opened 1 new position and closed 2 in Q2 2026.
- Northland Capital Management's portfolio value rose 1.4% quarter-over-quarter to $186M.
Based on Northland Capital Management's 13F filing for Q2 2026, filed 21 Jul 2026.