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Northland Capital Management LLC

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13F filer, CIK 1693032, VIRGINIA, MN

Northland Capital Management LLC reported $170,989,068 across 30 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-10-29. Its ten largest share positions make up 73.16% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001693032-25-000008

Period
2025-09-30
Reported value
$171M
Holdings
30
Top 10 weight
73.16%
New
0
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
JAAAadded+58,727$2.98M
FNDXadded+69,913$1.84M
FNDFadded+15,641$672K
DFSUadded+11,389$484K
FNDAadded+11,934$372K

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
GNMAreduced-85,769-$3.8M
PCLOexited-114,122-$2.85M
MUBreduced-155-$16.5K
AVESreduced-208-$11.9K
AVSEreduced-97-$6.17K

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 0001693032-25-000008, largest first. % of portfolio is the value over $170,989,068, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GNMAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 452,078 shares; 2025Q1: 731,618 shares; 2025Q2: 757,948 shares; 2025Q3: 672,179 shares 672,179$29.8M17.43%-85,769Timeline
VTIVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 44,434 shares; 2025Q1: 44,544 shares; 2025Q2: 56,060 shares; 2025Q3: 56,287 shares 56,287$18.5M10.8%+227Timeline
AVLVAMERICAN CENTY ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 197,058 shares; 2025Q1: 198,970 shares; 2025Q2: 221,117 shares; 2025Q3: 222,344 shares 222,344$16.1M9.4%+1,227Timeline
FNDXSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 446,423 shares; 2025Q1: 449,350 shares; 2025Q2: 486,793 shares; 2025Q3: 556,706 shares 556,706$14.6M8.56%+69,913Timeline
STIPISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 190,128 shares; 2025Q1: 103,542 shares; 2025Q2: 105,705 shares; 2025Q3: 106,946 shares 106,946$11.1M6.46%+1,241Timeline
JAAAJANUS DETROIT STR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 155,636 shares; 2025Q2: 142,599 shares; 2025Q3: 201,326 shares 201,326$10.2M5.98%+58,727Timeline
VEAVANGUARD TAX-MANAGED FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 102,751 shares; 2025Q1: 102,488 shares; 2025Q2: 110,686 shares; 2025Q3: 111,649 shares 111,649$6.69M3.91%+963Timeline
AVIVAMERICAN CENTY ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 106,598 shares; 2025Q1: 106,228 shares; 2025Q2: 98,318 shares; 2025Q3: 98,744 shares 98,744$6.66M3.89%+426Timeline
FNDFSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 127,753 shares; 2025Q1: 128,138 shares; 2025Q2: 119,162 shares; 2025Q3: 134,803 shares 134,803$5.79M3.39%+15,641Timeline
DFSUDIMENSIONAL ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 117,989 shares; 2025Q1: 112,873 shares; 2025Q2: 122,529 shares; 2025Q3: 133,918 shares 133,918$5.69M3.33%+11,389Timeline
AVSUAMERICAN CENTY ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 66,766 shares; 2025Q1: 65,252 shares; 2025Q2: 70,740 shares; 2025Q3: 70,672 shares 70,672$5.2M3.04%-68Timeline
AVUVAMERICAN CENTY ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 42,659 shares; 2025Q1: 43,369 shares; 2025Q2: 50,916 shares; 2025Q3: 51,069 shares 51,069$5.08M2.97%+153Timeline
SUSBISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 136,281 shares; 2025Q1: 201,544 shares; 2025Q2: 185,722 shares; 2025Q3: 186,280 shares 186,280$4.71M2.76%+558Timeline
PCMMBONDBLOXX ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 85,660 shares; 2025Q1: 94,782 shares; 2025Q2: 84,694 shares; 2025Q3: 85,677 shares 85,677$4.33M2.53%+983Timeline
AVESAMERICAN CENTY ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 60,913 shares; 2025Q1: 61,448 shares; 2025Q2: 63,449 shares; 2025Q3: 63,241 shares 63,241$3.63M2.12%-208Timeline
FNDASCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 85,385 shares; 2025Q1: 85,187 shares; 2025Q2: 98,351 shares; 2025Q3: 110,285 shares 110,285$3.44M2.01%+11,934Timeline
VWOVANGUARD INTL EQUITY INDEX FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 47,438 shares; 2025Q1: 47,610 shares; 2025Q2: 55,498 shares; 2025Q3: 55,801 shares 55,801$3.02M1.77%+303Timeline
FNDESCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 75,295 shares; 2025Q1: 72,372 shares; 2025Q2: 74,839 shares; 2025Q3: 82,512 shares 82,512$2.98M1.74%+7,673Timeline
ESGVVANGUARD WORLD FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 15,881 shares; 2025Q1: 15,243 shares; 2025Q2: 18,453 shares; 2025Q3: 18,476 shares 18,476$2.19M1.28%+23Timeline
DFSIDIMENSIONAL ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 51,861 shares; 2025Q1: 48,416 shares; 2025Q2: 44,403 shares; 2025Q3: 51,048 shares 51,048$2.09M1.22%+6,645Timeline
AVSDAMERICAN CENTY ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 30,676 shares; 2025Q1: 27,811 shares; 2025Q2: 24,879 shares; 2025Q3: 24,924 shares 24,924$1.78M1.04%+45Timeline
VSGXVANGUARD WORLD FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 21,170 shares; 2025Q1: 19,838 shares; 2025Q2: 21,551 shares; 2025Q3: 21,676 shares 21,676$1.5M0.88%+125Timeline
AVDVAMERICAN CENTY ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 16,652 shares; 2025Q1: 16,777 shares; 2025Q2: 15,688 shares; 2025Q3: 15,702 shares 15,702$1.4M0.82%+14Timeline
DFSEDIMENSIONAL ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 23,288 shares; 2025Q1: 21,093 shares; 2025Q2: 21,400 shares; 2025Q3: 22,771 shares 22,771$936K0.55%+1,371Timeline
FNDCSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 20,357 shares; 2025Q1: 20,327 shares; 2025Q2: 18,938 shares; 2025Q3: 20,727 shares 20,727$923K0.54%+1,789Timeline
AVSEAMERICAN CENTY ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 15,318 shares; 2025Q1: 14,205 shares; 2025Q2: 14,027 shares; 2025Q3: 13,930 shares 13,930$885K0.52%-97Timeline
ESMLISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 14,719 shares; 2025Q1: 13,997 shares; 2025Q2: 17,154 shares; 2025Q3: 17,178 shares 17,178$774K0.45%+24Timeline
SGOVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 2,000 shares; 2025Q1: 3,000 shares; 2025Q2: 3,420 shares; 2025Q3: 3,890 shares 3,890$392K0.23%+470Timeline
MUBISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 3,340 shares; 2025Q1: 3,540 shares; 2025Q2: 3,440 shares; 2025Q3: 3,285 shares 3,285$350K0.2%-155Timeline
VTEBVANGUARD MUN BD FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 5,360 shares; 2025Q1: 5,360 shares; 2025Q2: 5,360 shares; 2025Q3: 5,360 shares 5,360$268K0.16%0Timeline

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
PCLOVIRTUS ETF TR II114,122$2.85Mshares

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 0001693032-25-000008 base2025-10-29acceptance time not in the bulk data set