Northland Capital Management LLC

CIK 0001693032 · Q2 2026

13F Equity AUM

$185.5M

+1.4% QoQ

Positions

-31 QoQ

AUM Rank

#8,374

Top 67%

Skill Alpha (FF)

-4.6%/yr^ns

No Clear Edge

Rank #7,263 · Top 88%

vs S&P -3.3%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 48.6%Top 10: 75.0%Top 20: 94.6%

XTEN14.5%

FNDX10.2%

STIP9.0%

AVLV8.3%

FIDELITY MERRIMACK STR TR6.5%

VTI6.2%

GNMA5.9%

AVIV5.3%

FNDF5.2%

AVUV3.9%

Others (20)25.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

No sector data available.

Position Sizing

Positions: 30Median: 2.03%Avg: 3.33%

0–0.5%

6(1.8%)

0.5–1%

4(3.5%)

1–3%

9(16.5%)

3–5%

2(7.0%)

5%+

9(71.1%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 30vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New0Increased0Decreased0Exited0

No position changes this quarter.

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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