Northern Capital Management, Inc.

Q3 2025 13F-HR Holdings

Location
Spokane, WA
Holdings as of
9/30/2025
Date filed
11/6/2025
Form type
13F-HR
Num holdings
46
Total value ($000)
$184,301
Net value change ($000)
+14,288 (8.4%)
New positions
3
Sold out positions
1
Turnover %
3.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/29/2025 Next filing: 2/3/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
GBCI 6,008 NEW
SCHG 4,085 7.7%
QQQ 2,922 9.2%
SPYV 2,310 177.7%
VV 1,838 12.1%
SCHV 1,406 4.4%
AAPL 663 23.6%
JNJ 653 21.4%
GOOGL 288 42.1%
SMH 223 NEW
Top Reduces (Value $000, Stocks/ETFs)
SCHM -4,723 -80.9%
VO -2,202 -90.8%
SPMD -748 -100.0%
COST -72 -6.4%
SBUX -26 -6.9%
IBM -14 -4.1%
BA -8 -2.3%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type