Northern Capital Management, Inc.

CIK

1581794

Location

SPOKANE, WA

Portfolio Value

Micro $64,779,962

Diversification

Highly concentrated

Filing Date

Global Rank

#6,129 / 8,232 ▲ 177

Top Industry

Banks - Regional 18.7%

3Y Alpha vs SPY

+0.4%

Period ended 2 months ago

Filed May 13, 2026 · 31d

22 quarters · since Dec 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+82.3%

SPY

+76.5%

Annualised alpha

+1.3%

Max drawdown

−20.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

34 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

51.0%

−0.1 pts

Top 5

74.4%

−1.6 pts

Top 10

85.8%

−0.9 pts

HHI

2,781

Highly concentrated−28

Portfolio Trend

22 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	53.7%	$34,806,002	3
Technology	13.5%	$8,753,601	7
Financial Services	12.8%	$8,299,518	8
Healthcare	8.8%	$5,699,610	4
Consumer Cyclical	3.2%	$2,082,893	2
Energy	3.1%	$2,036,247	4
Consumer Defensive	1.9%	$1,211,658	1
Industrials	1.6%	$1,013,369	3
Communication Services	1.4%	$877,064	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

14 positions

Ticker	Company	Δ Shares	Shares	Value
AMZN	Amazon Com Inc	+508	8,088	$1,684,487
UNH	Unitedhealth Group Inc	+235	850	$230,001
BA	Boeing Co	+233	1,992	$396,467
DIA	Spdr Dow Jones Industrial Average ETF Trust	+211	3,234	$1,497,956
NVDA	Nvidia Corp	+199	7,253	$1,264,923
QQQ	Invesco Qqq Trust, Series 1	+126	57,252	$33,044,709
MSFT	Microsoft Corp	+55	7,820	$2,894,729
COST	Costco Wholesale Corp /New	+40	1,216	$1,211,658
EPD	Enterprise Products Partners L.P.	+15	7,488	$283,345
META	Meta Platforms, Inc.	+9	671	$383,899
AVGO	Broadcom Inc.	+6	1,056	$326,842
XOM	Exxon Mobil Corp	+5	4,132	$701,035
JNJ	Johnson & Johnson	+3	19,992	$4,886,844
IBM	International Business Machines Corp	+1	1,162	$281,657
No positions match the current search.

Trimmed

Positions the filer reduced

5 positions

Ticker	Company	Δ Shares	Shares	Value
GBCI	Glacier Bancorp, Inc.	−36,277	87,162	$3,893,526
FIBK	First Interstate Bancsystem Inc	−763	51,337	$1,714,655
GLD	Spdr Gold Trust	−81	612	$263,337
BRK-B	Berkshire Hathaway Inc	−39	1,638	$784,929
AAPL	Apple Inc.	−28	13,770	$3,494,688
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
COP	Conocophillips	1,978	$261,096
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
NEE	Nextera Energy Inc	4,443	$356,684
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

34 positions · $64,779,962 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
QQQ	Invesco Qqq Trust, Series 1	Added	57,252	+126	$33,044,709	−5.8%	51.01%
JNJ	Johnson & Johnson Healthcare	Added	19,992	+3	$4,886,844	+18.1%	7.54%
GBCI	Glacier Bancorp, Inc. Financial Services	Reduced	87,162	-36,277	$3,893,526	−28.4%	6.01%
AAPL	Apple Inc. Technology	Reduced	13,770	-28	$3,494,688	−6.8%	5.39%
MSFT	Microsoft Corp Technology	Added	7,820	+55	$2,894,729	−22.9%	4.47%
FIBK	First Interstate Bancsystem Inc Financial Services	Reduced	51,337	-763	$1,714,655	−4.9%	2.65%
AMZN	Amazon Com Inc Consumer Cyclical	Added	8,088	+508	$1,684,487	−3.7%	2.60%
DIA	Spdr Dow Jones Industrial Average ETF Trust	Added	3,234	+211	$1,497,956	+3.1%	2.31%
NVDA	Nvidia Corp Technology	Added	7,253	+199	$1,264,923	−3.8%	1.95%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	1,216	+40	$1,211,658	+19.5%	1.87%
CVX	Chevron Corp Energy	Held	3,822	0	$790,771	+35.8%	1.22%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	1,638	-39	$784,929	−6.9%	1.21%
XOM	Exxon Mobil Corp Energy	Added	4,132	+5	$701,035	+41.2%	1.08%
AON	Aon plc Financial Services	Held	1,688	0	$544,852	−8.5%	0.84%
GOOGL	Alphabet Inc. Communication Services	Held	1,715	0	$493,165	−8.1%	0.76%
JPM	Jpmorgan Chase & Co Financial Services	Held	1,404	0	$413,000	−8.7%	0.64%
CEF	Sprott Physical Gold & Silver Trust Financial Services	Held	8,380	0	$399,893	+4.2%	0.62%
SBUX	Starbucks Corp Consumer Cyclical	Held	4,447	0	$398,406	+6.4%	0.62%
BA	Boeing Co Industrials	Added	1,992	+233	$396,467	+3.8%	0.61%
META	Meta Platforms, Inc. Communication Services	Added	671	+9	$383,899	−12.1%	0.59%
ABBV	AbbVie Inc. Healthcare	Held	1,673	0	$363,860	−4.8%	0.56%
CMI	Cummins Inc Industrials	Held	612	0	$329,268	+5.4%	0.51%
AVGO	Broadcom Inc. Technology	Added	1,056	+6	$326,842	−10.1%	0.50%
V	Visa Inc. Financial Services	Held	1,003	0	$303,146	−13.8%	0.47%
CAT	Caterpillar Inc Industrials	Held	406	0	$287,634	+23.7%	0.44%
EPD	Enterprise Products Partners L.P. Energy	Added	7,488	+15	$283,345	+18.3%	0.44%
IBM	International Business Machines Corp Technology	Added	1,162	+1	$281,657	−18.1%	0.43%
GLD	Spdr Gold Trust	Reduced	612	-81	$263,337	−4.1%	0.41%
COP	Conocophillips Energy	NEW	1,978	NEW	$261,096	NEW	0.40%
ASML	Asml Holding NV Technology	Held	192	0	$253,599	+23.5%	0.39%
WFC	Wells Fargo & Company/Mn Financial Services	Held	3,084	0	$245,517	−14.6%	0.38%
MU	Micron Technology Inc Technology	Held	702	0	$237,163	+18.4%	0.37%
UNH	Unitedhealth Group Inc Healthcare	Added	850	+235	$230,001	+13.3%	0.36%
LLY	ELI LILLY & Co Healthcare	Held	238	0	$218,905	−14.4%	0.34%