Northland Capital Management LLC

RIA/Wealth

Northland Capital Management LLC is a RIA/Wealth based in Virginia, MN led by Christopher Arthur Erickson, reporting $196.3M in AUM as of Q3 2025 with 96% ETF concentration, 75% concentrated in top 10 holdings, and 18% allocation to GNMA.

PresidentChristopher Arthur Erickson

Portfolio Value: $166.7M
Positions: 29
Top Holding: GNMA at 17.89%
Last Reported: Q3 2025

Address401 North 6th Avenue, Suite 220, Virginia, MN, 55792, United States

Top Holdings

Largest long holdings in Northland Capital Management LLC's portfolio (75.1% of total portfolio)

See all holdings

GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 iShares GNMA Bond GNMA	ETF ETF	$29.8M	17.89%	-$3.8M Sold	— 672.2K shares	Q4 2023 Held for 1y 11m
2 Vanguard Total Stock Market VTI	ETF ETF	$18.5M	11.08%	+$74.5K Bought	— 56.3K shares	Q2 2022 Held for 3y 5m
3 AVLV Avantis U.S. Large Cap Value AVLV	ETF ETF	$16.1M	9.64%	+$88.7K Bought	— 222.3K shares	Q2 2023 Held for 2y 5m
4 Schwab Fundamental U.S. Large Company FNDX	ETF ETF	$14.6M	8.79%	+$1.8M Bought	— 556.7K shares	Q4 2021 Held for 3y 11m
5 iShares 0-5 Year TIPS Bond STIP	ETF ETF	$11.1M	6.63%	+$128.3K Bought	— 106.9K shares	Q4 2022 Held for 2y 11m
6 Janus Henderson AAA CLO JAAA	ETF ETF	$10.2M	6.13%	+$3.0M Bought	— 201.3K shares	Q1 2025 Held for 8 months
7 Vanguard FTSE Developed Markets VEA	ETF ETF	$6.7M	4.01%	+$57.7K Bought	— 111.6K shares	Q2 2022 Held for 3y 5m
8 Avantis International Large Cap Value AVIV	Unknown Unknown	$6.7M	4.00%	+$28.7K Bought	— 98.7K shares	Q4 2022 Held for 2y 11m
9 FNDF Schwab Fundamental International Equity FNDF	ETF ETF	$5.8M	3.47%	+$671.9K Bought	— 134.8K shares	Q4 2021 Held for 3y 11m
10 Dimensional US Sustainability Core 1 DFSU	ETF ETF	$5.7M	3.41%	+$483.7K Bought	— 133.9K shares	Q2 2023 Held for 2y 5m

See all holdings

GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Northland Capital Management LLC's latest filing

See all changes

GthenC

Market Value

$166.7M

Prior: $155.3M

Q/Q Change

+7.3%

+$11.3M

Net Flows % of MV

+2.21%

Turnover Ratio

3.41%

New Purchases

0 stocks

Added To

23 stocks

+$7.5M

Sold Out Of

0 stocks

Reduced Holdings

5 stocks

-$3.8M

Increased Positions

Position	Shares Δ	Change
1 Janus Henderson AAA CLO JAAA	+41.18%	142.6K → 201.3K +$3.0M
2 Dimensional International Sustainability Core 1 DFSI	+14.97%	44.4K → 51.0K +$272.1K
3 Schwab Fundamental U.S. Large Company FNDX	+14.36%	486.8K → 556.7K +$1.8M
4 iShares 0-3 Month Treasury Bond SGOV	+13.74%	3.4K → 3.9K +$47.3K
5 FNDF Schwab Fundamental International Equity FNDF	+13.13%	119.2K → 134.8K +$671.9K

Decreased Positions

Position	Shares Δ	Change
1 iShares GNMA Bond GNMA	-11.32%	757.9K → 672.2K −$3.8M
2 iShares National Muni Bond MUB	-4.51%	3.4K → 3.3K −$16.5K
3 AVSE Avantis Responsible Emerging Markets Equity AVSE	-0.69%	14.0K → 13.9K −$6.2K
4 Avantis Emerging Markets Value AVES	-0.33%	63.4K → 63.2K −$11.9K
5 AVSU Avantis Responsible U.S. Equity AVSU	-0.1%	70.7K → 70.7K −$5.0K