Northern Capital Management 13F annual report

Northern Capital Management is an investment fund managing more than $121 billion ran by Michelle Warner. There are currently 31 companies in Mrs. Warner’s portfolio. The largest investments include Schwab Strategic Tr and Vanguard Index Fds, together worth $99.2 billion.

Limited to 30 biggest holdings

$121 billion Assets Under Management (AUM)

As of 5th August 2024, Northern Capital Management’s top holding is 977,728 shares of Schwab Strategic Tr currently worth over $85.6 billion and making up 70.5% of the portfolio value. In addition, the fund holds 57,749 shares of Vanguard Index Fds worth $13.6 billion. The third-largest holding is Microsoft worth $3.06 billion and the next is Johnson Johnson worth $2.97 billion, with 20,318 shares owned.

Currently, Northern Capital Management's portfolio is worth at least $121 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Northern Capital Management

The Northern Capital Management office and employees reside in Spokane, Washington. According to the last 13-F report filed with the SEC, Michelle Warner serves as the CEO/CCO at Northern Capital Management.

Recent trades

In the most recent 13F filing, Northern Capital Management revealed that it had opened a new position in NVIDIA Corp and bought 6,372 shares worth $787 million. This means they effectively own approximately 0.1% of the company. NVIDIA Corp makes up 15.5% of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in Schwab Strategic Tr by buying 75,726 additional shares. This makes their stake in Schwab Strategic Tr total 977,728 shares worth $85.6 billion.

On the other hand, there are companies that Northern Capital Management is getting rid of from its portfolio. Northern Capital Management closed its position in Ishares Core Sp Small-cap Etf on 12th August 2024. It sold the previously owned 57,917 shares for $5.46 billion. Michelle Warner also disclosed a decreased stake in Johnson Johnson by approximately 0.1%. This leaves the value of the investment at $2.97 billion and 20,318 shares.

One of the smallest hedge funds

The two most similar investment funds to Northern Capital Management are Hauser Brothers Gmbh and Silverhawk Asset Management. They manage $121 billion and $122 billion respectively.

Michelle Warner investment strategy

Northern Capital Management’s portfolio is diversified across 8 sectors. Currently, their heaviest sector is Technology — making up 4.2% of the total portfolio value. The fund focuses on investments in the United States as 48.4% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 52% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $598 billion.

The complete list of Northern Capital Management trades based on 13F SEC filings

These positions were updated on August 12th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Schwab Strategic Tr	8.40% 977,728	$85,595,050,000	70.47%
Vanguard Index Fds	248.22% 57,749	$13,626,872,000	11.22%
Ishares Core Sp Small-cap Etf	Closed 57,917	$5,463,271,000
Microsoft Corporation	10.92% 6,836	$3,055,274,000	2.52%
Spdr Sp 600 Small Cap Value Etf	Closed 41,650	$3,014,226,000
Johnson Johnson	1.14% 20,318	$2,969,700,000	2.44%
Apple Inc	5.86% 13,289	$2,798,880,000	2.30%
Invesco Sp 500 Equal Weight Etf	Closed 13,821	$1,958,315,000
First Intst Bancsystem Inc	11.87% 50,728	$1,408,715,000	1.16%
Amazon.com Inc.	44.96% 7,022	$1,357,002,000	1.12%
Spdr Dow Jones Indl Average	0.03% 3,023	$1,182,386,000	0.97%
Costco Whsl Corp New	26.12% 1,100	$935,038,000	0.77%
NVIDIA Corp	Opened 6,372	$787,206,000	0.65%
Vanguard Index Fds	Opened 1,349	$674,675,000	0.56%
Alphabet Inc	64.87% 3,647	$668,958,000	0.55%
Chevron Corp.	3.62% 3,857	$603,312,000	0.50%
NextEra Energy Inc	3.83% 7,729	$547,290,000	0.45%
Aon plc.	No change 1,688	$495,563,000	0.41%
Exxon Mobil Corp.	15.69% 4,120	$474,331,000	0.39%
Home Depot, Inc.	Closed 1,545	$466,861,000
Spdr Ser Tr	Opened 7,951	$407,886,000	0.34%
Boeing Co.	4.07% 2,098	$381,791,000	0.31%
Starbucks Corp.	No change 4,359	$339,348,000	0.28%
Meta Platforms Inc	Opened 647	$326,266,000	0.27%
Jpmorgan Chase Co.	38.91% 1,385	$280,130,000	0.23%
Ishares Tr	53.20% 3,880	$262,870,000	0.22%
Abbvie Inc	4.50% 1,529	$262,301,000	0.22%
Alphabet Inc	Opened 1,408	$256,469,000	0.21%
Vanguard Intl Equity Index F	6.44% 4,248	$249,103,000	0.21%
Conocophillips	Opened 2,101	$240,312,000	0.20%
Vanguard Mid-cap Value Etf	Closed 1,801	$235,836,000
Wisdomtree Largecap Dividend Etf	Closed 3,622	$222,717,000
Berkshire Hathaway Inc.	Opened 544	$221,299,000	0.18%
Biogen Inc	No change 947	$219,534,000	0.18%
Eli Lilly Co	67.97% 238	$215,480,000	0.18%
Enterprise Prods Partners L	Opened 7,377	$213,786,000	0.18%
Abbott Laboratories	Closed 2,177	$210,827,000
Ishares Tr	Opened 6,151	$408,965,000	0.34%
No transactions found
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