Skip to content
Disclosery

Northern Capital Management, Inc.

Follow

13F filer, CIK 1581794, SPOKANE, WA

Northern Capital Management, Inc. reported $184,301,214 across 46 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-06. Its ten largest share positions make up 88.96% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001581794-25-000015

Period
2025-09-30
Reported value
$184M
Holdings
46
Top 10 weight
88.96%
New
3
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
GBCInew+123,439$6.01M
SPYVadded+40,393$2.23M
VVadded+2,062$635K
SMHnew+682$223K
TQQQnew+2,118$219K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
SCHMreduced-170,506-$5.05M
VOreduced-7,904-$2.32M
SCHGreduced-24,833-$792K
SPMDexited-13,764-$748K
SCHVreduced-8,523-$248K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001581794-25-000015, largest first. % of portfolio is the value over $184,301,214, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SCHGSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 483,535 shares; 2024Q4: 1,913,968 shares; 2025Q1: 1,839,298 shares; 2025Q2: 1,806,661 shares; 2025Q3: 1,781,828 shares 1,781,828$56.9M30.85%-24,833Timeline
QQQINVESCO QQQ TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 59,095 shares; 2024Q4: 59,204 shares; 2025Q1: 58,667 shares; 2025Q2: 57,800 shares; 2025Q3: 57,977 shares 57,977$34.8M18.89%+177Timeline
SCHVSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 398,056 shares; 2024Q4: 1,196,755 shares; 2025Q1: 1,175,952 shares; 2025Q2: 1,148,887 shares; 2025Q3: 1,140,364 shares 1,140,364$33.2M18.01%-8,523Timeline
VVVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 47,831 shares; 2024Q4: 51,666 shares; 2025Q1: 51,859 shares; 2025Q2: 53,310 shares; 2025Q3: 55,372 shares 55,372$17M9.25%+2,062Timeline
GBCIGLACIER BANCORP INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 123,439 shares 123,439$6.01M3.26%newTimeline
JNJJOHNSON & JOHNSONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,202 shares; 2024Q4: 20,188 shares; 2025Q1: 19,988 shares; 2025Q2: 19,988 shares; 2025Q3: 19,988 shares 19,988$3.71M2.01%0Timeline
SPYVSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 11,248 shares; 2025Q2: 24,844 shares; 2025Q3: 65,237 shares 65,237$3.61M1.96%+40,393Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,922 shares; 2024Q4: 6,728 shares; 2025Q1: 7,004 shares; 2025Q2: 7,015 shares; 2025Q3: 6,932 shares 6,932$3.59M1.95%-83Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,290 shares; 2024Q4: 13,198 shares; 2025Q1: 13,341 shares; 2025Q2: 13,711 shares; 2025Q3: 13,651 shares 13,651$3.48M1.89%-60Timeline
FIBKFIRST INTST BANCSYSTEM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 51,003 shares; 2024Q4: 51,247 shares; 2025Q1: 51,502 shares; 2025Q2: 51,821 shares; 2025Q3: 51,825 shares 51,825$1.65M0.9%+4Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,308 shares; 2024Q4: 7,353 shares; 2025Q1: 7,373 shares; 2025Q2: 7,384 shares; 2025Q3: 7,406 shares 7,406$1.63M0.88%+22Timeline
DIASTATE STR SPDR DOW JONES INDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,023 shares; 2024Q4: 3,023 shares; 2025Q1: 3,023 shares; 2025Q2: 3,023 shares; 2025Q3: 3,023 shares 3,023$1.4M0.76%0Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,372 shares; 2024Q4: 6,517 shares; 2025Q1: 6,404 shares; 2025Q2: 6,055 shares; 2025Q3: 6,054 shares 6,054$1.13M0.61%-1Timeline
SCHMSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,423 shares; 2024Q4: 221,628 shares; 2025Q1: 213,298 shares; 2025Q2: 208,079 shares; 2025Q3: 37,573 shares 37,573$1.11M0.6%-170,506Timeline
COSTCOSTCO WHOLESALE CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,101 shares; 2024Q4: 1,103 shares; 2025Q1: 1,133 shares; 2025Q2: 1,134 shares; 2025Q3: 1,135 shares 1,135$1.05M0.57%+1Timeline
VOOVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,247 shares; 2024Q4: 1,273 shares; 2025Q1: 1,452 shares; 2025Q2: 1,654 shares; 2025Q3: 1,679 shares 1,679$1.03M0.56%+25Timeline
SCHBSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,418 shares; 2024Q4: 37,306 shares; 2025Q1: 37,686 shares; 2025Q2: 38,475 shares; 2025Q3: 39,900 shares 39,900$1.03M0.56%+1,425Timeline
VTIVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,593 shares; 2024Q4: 1,596 shares; 2025Q1: 3,365 shares; 2025Q2: 3,093 shares; 2025Q3: 2,994 shares 2,994$983K0.53%-99Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,647 shares; 2024Q4: 3,647 shares; 2025Q1: 3,648 shares; 2025Q2: 3,857 shares; 2025Q3: 3,991 shares 3,991$972K0.53%+134Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,771 shares; 2024Q4: 1,656 shares; 2025Q1: 1,656 shares; 2025Q2: 1,703 shares; 2025Q3: 1,686 shares 1,686$848K0.46%-17Timeline
AONAON PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,688 shares; 2024Q4: 1,688 shares; 2025Q1: 1,688 shares; 2025Q2: 1,688 shares; 2025Q3: 1,688 shares 1,688$602K0.33%0Timeline
CVXCHEVRON CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,825 shares; 2024Q4: 3,825 shares; 2025Q1: 3,825 shares; 2025Q2: 3,810 shares; 2025Q3: 3,832 shares 3,832$595K0.32%+22Timeline
NEENEXTERA ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,729 shares; 2024Q4: 7,729 shares; 2025Q1: 7,729 shares; 2025Q2: 7,729 shares; 2025Q3: 7,729 shares 7,729$583K0.32%0Timeline
VEUVANGUARD INTL EQUITY INDEX FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,248 shares; 2024Q4: 4,248 shares; 2025Q1: 7,148 shares; 2025Q2: 7,148 shares; 2025Q3: 7,148 shares 7,148$510K0.28%0Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 647 shares; 2024Q4: 647 shares; 2025Q1: 654 shares; 2025Q2: 655 shares; 2025Q3: 662 shares 662$486K0.26%+7Timeline
XOMEXXON MOBIL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,335 shares; 2024Q4: 4,092 shares; 2025Q1: 4,098 shares; 2025Q2: 4,085 shares; 2025Q3: 4,121 shares 4,121$465K0.25%+36Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,565 shares; 2024Q4: 1,385 shares; 2025Q1: 1,385 shares; 2025Q2: 1,391 shares; 2025Q3: 1,407 shares 1,407$444K0.24%+16Timeline
VNQVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,623 shares; 2024Q4: 4,623 shares; 2025Q1: 4,788 shares; 2025Q2: 4,788 shares; 2025Q3: 4,788 shares 4,788$438K0.24%0Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,753 shares; 2024Q4: 1,408 shares; 2025Q1: 1,408 shares; 2025Q2: 1,410 shares; 2025Q3: 1,715 shares 1,715$417K0.23%+305Timeline
SBUXSTARBUCKS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,359 shares; 2024Q4: 4,359 shares; 2025Q1: 4,127 shares; 2025Q2: 4,127 shares; 2025Q3: 4,162 shares 4,162$352K0.19%+35Timeline
BABOEING COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,875 shares; 2024Q4: 1,759 shares; 2025Q1: 1,759 shares; 2025Q2: 1,694 shares; 2025Q3: 1,609 shares 1,609$347K0.19%-85Timeline
IBMINTERNATIONAL BUSINESS MACHSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,341 shares; 2024Q4: 1,156 shares; 2025Q1: 1,157 shares; 2025Q2: 1,160 shares; 2025Q3: 1,162 shares 1,162$328K0.18%+2Timeline
IMCGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,880 shares; 2024Q4: 3,880 shares; 2025Q1: 3,880 shares; 2025Q2: 3,880 shares; 2025Q3: 3,880 shares 3,880$321K0.17%0Timeline
ABBVABBVIE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,486 shares; 2024Q4: 1,372 shares; 2025Q1: 1,372 shares; 2025Q2: 1,372 shares; 2025Q3: 1,372 shares 1,372$318K0.17%0Timeline
CEFSPROTT ASSET MANAGEMENT LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,380 shares; 2024Q4: not reported; 2025Q1: 8,380 shares; 2025Q2: 8,380 shares; 2025Q3: 8,380 shares 8,380$307K0.17%0Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 802 shares; 2025Q3: 803 shares 803$265K0.14%+1Timeline
WFCWELLS FARGO & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 3,084 shares; 2025Q1: 3,084 shares; 2025Q2: 3,090 shares; 2025Q3: 3,090 shares 3,090$259K0.14%0Timeline
CMICUMMINS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 611 shares; 2025Q1: not reported; 2025Q2: 611 shares; 2025Q3: 612 shares 612$258K0.14%+1Timeline
USXFISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,455 shares; 2024Q4: 4,455 shares; 2025Q1: 4,455 shares; 2025Q2: 4,455 shares; 2025Q3: 4,455 shares 4,455$255K0.14%0Timeline
ITOTISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,696 shares; 2024Q4: 1,696 shares; 2025Q1: 1,696 shares; 2025Q2: 1,696 shares; 2025Q3: 1,696 shares 1,696$247K0.13%0Timeline
GLDSPDR GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 680 shares; 2025Q3: 680 shares 680$242K0.13%0Timeline
DLNWISDOMTREE TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,714 shares; 2024Q4: 2,714 shares; 2025Q1: 2,714 shares; 2025Q2: 2,714 shares; 2025Q3: 2,714 shares 2,714$236K0.13%0Timeline
EPDENTERPRISE PRODS PARTNERS LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,486 shares; 2024Q4: 7,409 shares; 2025Q1: 7,424 shares; 2025Q2: 7,440 shares; 2025Q3: 7,457 shares 7,457$233K0.13%+17Timeline
SMHVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 682 shares 682$223K0.12%newTimeline
VOVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,120 shares; 2024Q4: 7,670 shares; 2025Q1: 8,346 shares; 2025Q2: 8,661 shares; 2025Q3: 757 shares 757$222K0.12%-7,904Timeline
TQQQPROSHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,118 shares 2,118$219K0.12%newTimeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
SPMDSPDR SERIES TRUST13,764$748Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001581794-25-000015 base2025-11-06acceptance time not in the bulk data set