Northland Capital Management LLC Concentrated Active

Location: Virginia, MN

CIK: 0001693032 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Jan 20, 2026

Total Value: $179M (100.0% shares, 0.0% debt)

Holdings (30)

GNMA ISHARES TR 16.9%

Value $30.24M Shares 678,983 Share Price $44.54 Est. Cost/Share $42.74 Unrealized @ Report Date +4.2%

AVLV AMERICAN CENTY ETF TR 11.1%

Value $19.73M Shares 260,445 Share Price $75.77 Est. Cost/Share $59.16 Unrealized @ Report Date +28.1%

FNDX SCHWAB STRATEGIC TR 10.9%

Value $19.51M Shares 717,032 Share Price $27.21 Est. Cost/Share $23.84 Unrealized @ Report Date +14.1%

VTI VANGUARD INDEX FDS 6.8%

Value $12.2M Shares 36,390 Share Price $335.27 Est. Cost/Share $226.15 Unrealized @ Report Date +48.2%

JAAA JANUS DETROIT STR TR 6.0%

Value $10.72M Shares 211,904 Share Price $50.58 Est. Cost/Share $50.75 Unrealized @ Report Date -0.3%

STIP ISHARES TR 5.7%

Value $10.11M Shares 98,692 Share Price $102.39 Est. Cost/Share $98.45 Unrealized @ Report Date +4.0%

AVIV AMERICAN CENTY ETF TR 4.5%

Value $8.005M Shares 112,387 Share Price $71.23 Est. Cost/Share $48.64 Unrealized @ Report Date +46.4%

FNDF SCHWAB STRATEGIC TR 4.4%

Value $7.893M Shares 174,585 Share Price $45.21 Est. Cost/Share $36.23 Unrealized @ Report Date +24.8%

AVSU AMERICAN CENTY ETF TR 3.2%

Value $5.787M Shares 75,850 Share Price $76.30 Est. Cost/Share $51.73 Unrealized @ Report Date +47.5%

DFSU DIMENSIONAL ETF TRUST 3.2%

Value $5.7M Shares 131,241 Share Price $43.43 Est. Cost/Share $30.59 Unrealized @ Report Date +42.0%

AVUV AMERICAN CENTY ETF TR 3.0%

Value $5.336M Shares 52,324 Share Price $101.98 Est. Cost/Share $85.08 Unrealized @ Report Date +19.9%

FNDA SCHWAB STRATEGIC TR 2.9%

Value $5.241M Shares 166,335 Share Price $31.51 Est. Cost/Share $29.01 Unrealized @ Report Date +8.6%

SUSB ISHARES TR 2.7%

Value $4.871M Shares 192,970 Share Price $25.24 Est. Cost/Share $24.85 Unrealized @ Report Date +1.6%

VEA VANGUARD TAX-MANAGED FDS 2.6%

Value $4.646M Shares 74,367 Share Price $62.47 Est. Cost/Share $44.82 Unrealized @ Report Date +39.4%

PCMM BONDBLOXX ETF TRUST 2.6%

Value $4.555M Shares 90,889 Share Price $50.12 Est. Cost/Share $50.43 Unrealized @ Report Date -0.6%

AVES AMERICAN CENTY ETF TR 2.2%

Value $3.909M Shares 67,035 Share Price $58.31 Est. Cost/Share $44.62 Unrealized @ Report Date +30.7%

FNDE SCHWAB STRATEGIC TR 2.1%

Value $3.788M Shares 105,047 Share Price $36.06 Est. Cost/Share $32.36 Unrealized @ Report Date +11.4%

DFSI DIMENSIONAL ETF TRUST 1.2%

Value $2.19M Shares 51,107 Share Price $42.84 Est. Cost/Share $32.14 Unrealized @ Report Date +33.3%

AVSD AMERICAN CENTY ETF TR 1.2%

Value $2.129M Shares 28,670 Share Price $74.26 Est. Cost/Share $48.93 Unrealized @ Report Date +51.8%

ESGV VANGUARD WORLD FD 1.1%

Value $1.998M Shares 16,517 Share Price $120.96 Est. Cost/Share $75.35 Unrealized @ Report Date +60.5%

VWO VANGUARD INTL EQUITY INDEX F 1.1%

Value $1.915M Shares 35,621 Share Price $53.76 Est. Cost/Share $41.29 Unrealized @ Report Date +30.2%

VSGX VANGUARD WORLD FD 0.9%

Value $1.548M Shares 21,616 Share Price $71.62 Est. Cost/Share $60.78 Unrealized @ Report Date +17.8%

AVDV AMERICAN CENTY ETF TR 0.8%

Value $1.438M Shares 15,301 Share Price $93.97 Est. Cost/Share $56.82 Unrealized @ Report Date +65.4%

FNDC SCHWAB STRATEGIC TR 0.8%

Value $1.372M Shares 30,803 Share Price $44.55 Est. Cost/Share $37.74 Unrealized @ Report Date +18.1%

DFSE DIMENSIONAL ETF TRUST 0.5%

Value $941K Shares 22,691 Share Price $41.48 Est. Cost/Share $30.96 Unrealized @ Report Date +34.0%

AVSE AMERICAN CENTY ETF TR 0.5%

Value $929K Shares 14,294 Share Price $64.97 Est. Cost/Share $43.43 Unrealized @ Report Date +49.6%

ESML ISHARES TR 0.5%

Value $832K Shares 18,095 Share Price $45.98 Est. Cost/Share $39.71 Unrealized @ Report Date +15.8%

SGOV ISHARES TR 0.2%

Value $390K Shares 3,890 Share Price $100.38 Est. Cost/Share $100.52 Unrealized @ Report Date -0.1%

MUB ISHARES TR 0.2%

Value $352K Shares 3,285 Share Price $107.11 Est. Cost/Share $106.53 Unrealized @ Report Date +0.5%

VTEB VANGUARD MUN BD FDS 0.2%

Value $270K Shares 5,360 Share Price $50.29 Est. Cost/Share $49.16 Unrealized @ Report Date +2.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GNMA	ISHARES TR	678,983	$30.24M	16.9%	$44.54	$42.74	+4.2%	GNMA BOND ETF	46429B333
AVLV	AMERICAN CENTY ETF TR	260,445	$19.73M	11.1%	$75.77	$59.16	+28.1%	US LARGE CAP VLU	025072349
FNDX	SCHWAB STRATEGIC TR	717,032	$19.51M	10.9%	$27.21	$23.84	+14.1%	FUNDAMENTAL US L	808524771
VTI	VANGUARD INDEX FDS	36,390	$12.2M	6.8%	$335.27	$226.15	+48.2%	TOTAL STK MKT	922908769
JAAA	JANUS DETROIT STR TR	211,904	$10.72M	6.0%	$50.58	$50.75	-0.3%	HENDRSON AAA CL	47103U845
STIP	ISHARES TR	98,692	$10.11M	5.7%	$102.39	$98.45	+4.0%	0-5 YR TIPS ETF	46429B747
AVIV	AMERICAN CENTY ETF TR	112,387	$8.005M	4.5%	$71.23	$48.64	+46.4%	INTERNATIONAL LR	025072364
FNDF	SCHWAB STRATEGIC TR	174,585	$7.893M	4.4%	$45.21	$36.23	+24.8%	FUNDAMENTAL INTL	808524755
AVSU	AMERICAN CENTY ETF TR	75,850	$5.787M	3.2%	$76.30	$51.73	+47.5%	AVANTIS RESPON U	025072281
DFSU	DIMENSIONAL ETF TRUST	131,241	$5.7M	3.2%	$43.43	$30.59	+42.0%	US SUSTAINABILTY	25434V716
AVUV	AMERICAN CENTY ETF TR	52,324	$5.336M	3.0%	$101.98	$85.08	+19.9%	US SML CP VALU	025072877
FNDA	SCHWAB STRATEGIC TR	166,335	$5.241M	2.9%	$31.51	$29.01	+8.6%	FUNDAMENTAL US S	808524763
SUSB	ISHARES TR	192,970	$4.871M	2.7%	$25.24	$24.85	+1.6%	ESG AWRE 1 5 YR	46435G243
VEA	VANGUARD TAX-MANAGED FDS	74,367	$4.646M	2.6%	$62.47	$44.82	+39.4%	VAN FTSE DEV MKT	921943858
PCMM	BONDBLOXX ETF TRUST	90,889	$4.555M	2.6%	$50.12	$50.43	-0.6%	BONDBLOXX PRIVAT	09789C671
AVES	AMERICAN CENTY ETF TR	67,035	$3.909M	2.2%	$58.31	$44.62	+30.7%	EMERGING MKT VAL	025072372
FNDE	SCHWAB STRATEGIC TR	105,047	$3.788M	2.1%	$36.06	$32.36	+11.4%	FUNDAMENTAL EMER	808524730
DFSI	DIMENSIONAL ETF TRUST	51,107	$2.19M	1.2%	$42.84	$32.14	+33.3%	INTERNATIONAL	25434V690
AVSD	AMERICAN CENTY ETF TR	28,670	$2.129M	1.2%	$74.26	$48.93	+51.8%	AVANTIS RESPONSI	025072299
ESGV	VANGUARD WORLD FD	16,517	$1.998M	1.1%	$120.96	$75.35	+60.5%	ESG US STK ETF	921910733
VWO	VANGUARD INTL EQUITY INDEX F	35,621	$1.915M	1.1%	$53.76	$41.29	+30.2%	FTSE EMR MKT ETF	922042858
VSGX	VANGUARD WORLD FD	21,616	$1.548M	0.9%	$71.62	$60.78	+17.8%	ESG INTL STK ETF	921910725
AVDV	AMERICAN CENTY ETF TR	15,301	$1.438M	0.8%	$93.97	$56.82	+65.4%	INTL SMCP VLU	025072802
FNDC	SCHWAB STRATEGIC TR	30,803	$1.372M	0.8%	$44.55	$37.74	+18.1%	FUNDAMENTAL INTL	808524748
DFSE	DIMENSIONAL ETF TRUST	22,691	$941K	0.5%	$41.48	$30.96	+34.0%	EMERGING MARKETS	25434V682
AVSE	AMERICAN CENTY ETF TR	14,294	$929K	0.5%	$64.97	$43.43	+49.6%	AVANTIS RESPONSI	025072315
ESML	ISHARES TR	18,095	$832K	0.5%	$45.98	$39.71	+15.8%	ESG AWARE MSCI	46435U663
SGOV	ISHARES TR	3,890	$390K	0.2%	$100.38	$100.52	-0.1%	0-3 MNTH TREASRY	46436E718
MUB	ISHARES TR	3,285	$352K	0.2%	$107.11	$106.53	+0.5%	NATIONAL MUN ETF	464288414
VTEB	VANGUARD MUN BD FDS	5,360	$270K	0.2%	$50.29	$49.16	+2.3%	TAX EXEMPT BD	922907746