Northland Capital Management LLC
Strategy in plain words
auto-generated from filingsNorthland Capital Management LLC is a wealth-management firm allocating client money, specialised in materials (100% of the long book), running a $182.9M US long book across 31 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: BONDBLOXX BBG 10Y US TSY ETF, AVANTIS US LARGE CAP VALUE, SCHWAB FNDMNTL US LRG CO ETF, ISHARES 0-5 YEAR TIPS BOND E, VANGUARD TOTAL STOCK MKT ETF.
Over the last 9 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/optionsSector allocation
Long book by quarter
What does Northland Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CLF CLEVELAND-CLIFFS INC | Materials | 24.6K | $208K | 0.1% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 21, 2026 | 31 | $182.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 20, 2026 | 30 | $178.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 29, 2025 | 30 | $171.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 14, 2025 | 31 | $162.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 23, 2025 | 31 | $147.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 22, 2025 | 31 | $134.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 22, 2024 | 31 | $174.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 17, 2024 | 30 | $142.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 19, 2024 | 31 | $142.9M | canonical | SEC ↗ |