North Capital, Inc.

RIA/Wealth

North Capital, Inc. is a RIA/Wealth based in Salt Lake City, UT led by James Patrick Dowd, reporting $251.7M in AUM as of Q3 2025 with 64% ETF concentration, 57% concentrated in top 10 holdings, and 24% allocation to BIL.

PresidentJames Patrick Dowd

Portfolio Value: $127.3M
Positions: 728
Top Holding: BIL at 24.08%
Last Reported: Q3 2025

Address623 E Fort Union Blvd., Suite 101, Salt Lake City, UT, 84047, United States

Top Holdings

Largest long holdings in North Capital, Inc.'s portfolio (57.1% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 SPDR Bloomberg 1-3 Month T-Bill ETF BIL	ETF ETF	$30.6M	24.08%	+$3.8M Bought	— 334.0K shares	Q1 2025 Held for 8 months
2 Dimensional US Core Equity Market DFAU	ETF ETF	$12.7M	9.99%	+$600.4K Bought	— 277.7K shares	Q1 2025 Held for 8 months
3 Apple AAPL	Consumer Electronics Technology	$6.1M	4.82%	+$50.9K Bought	0.00% 24.1K shares	Q1 2025 Held for 8 months
4 Dimensional International Core Equity Market DFAI	ETF ETF	$5.3M	4.14%	+$615.6K Bought	— 145.0K shares	Q1 2025 Held for 8 months
5 DFAE Dimensional Emerging Core Equity Market DFAE	ETF ETF	$4.5M	3.51%	+$273.7K Bought	— 141.8K shares	Q1 2025 Held for 8 months
6 SPDR S&P 500 ETF Trust SPY	ETF ETF	$4.3M	3.37%	+$4.0K Bought	— 6.4K shares	Q1 2025 Held for 8 months
7 Vanguard Short-Term Treasury VGSH	ETF ETF	$3.0M	2.34%	-$255.2K Sold	— 50.5K shares	Q1 2025 Held for 8 months
8 Invesco QQQ Trust QQQ	ETF ETF	$2.6M	2.05%	+$6.0K Bought	— 4.3K shares	Q1 2025 Held for 8 months
9 Microsoft MSFT	Software - Infrastructure Technology	$1.8M	1.43%	+$67.3K Bought	0.00% 3.5K shares	Q1 2025 Held for 8 months
10 Berkshire Hathaway BRK.B	Insurance - Diversified Financial Services	$1.8M	1.40%	+$45.7K Bought	0.00% 3.5K shares	Q1 2025 Held for 8 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in North Capital, Inc.'s latest filing

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Market Value

$127.3M

Prior: $114.0M

Q/Q Change

+11.7%

+$13.3M

Net Flows % of MV

+5.5%

Turnover Ratio

4.18%

New Purchases

135 stocks

$809.8K

Added To

467 stocks

+$8.1M

Sold Out Of

21 stocks

$877.5K

Reduced Holdings

60 stocks

-$1.0M

Increased Positions

Position	Shares Δ	Change
1 Franklin FTSE Switzerland FLSW	New	0 → 5.6K +$214.8K
2 FXF Invesco CurrencyShares Swiss Franc Trust FXF	New	0 → 1.3K +$150.0K
3 Xtrackers Harvest CSI 300 China A-Shares ASHR	New	0 → 2.0K +$66.0K
4 UWM ProShares Ultra Russell2000 UWM	New	0 → 1.3K +$58.0K
5 MMT MFS Multimarket Income Trust MMT	New	0 → 10.0K +$47.8K

Decreased Positions

Position	Shares Δ	Change
1 BTC Grayscale Bitcoin Mini Trust BTC	Sold	7.9K → 0 −$376.2K
2 BTCO Invesco Galaxy Bitcoin BTCO	Sold	1.0K → 0 −$107.5K
3 Ouster OUST	Sold	3.0K → 0 −$72.8K
4 MP Materials MP	Sold	2.0K → 0 −$66.5K
5 DocuSign DOCU	Sold	516.0 → 0 −$40.2K

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Analytics

Portfolio insights and performance metrics for North Capital, Inc.

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Sector Allocation

ETF

64.00%

Technology

10.10%

Financial Services

5.90%

Communication Services

4.80%

Industrials

3.60%

Healthcare

2.50%

Consumer Cyclical

2.40%

Consumer Defensive

1.40%

Energy

0.80%

Utilities

0.40%

Basic Materials

0.20%

Real Estate

0.10%

Market Cap Distribution

Mega Cap (> $200B)

20.99%

Large Cap ($10B - $200B)

10.66%

Mid Cap ($2B - $10B)

0.28%

Small Cap ($300M - $2B)

0.31%

Micro Cap ($50M - $300M)

0.00%

Nano Cap (< $50M)

0.20%

N/A (ETF or Unknown)

67.56%

Portfolio Concentration

Top 10 Holdings %

57.12%

Top 20 Holdings %

67.19%

Top 50 Holdings %

78.7%

Top 100 Holdings %

87.41%