# NORTHLAND SECURITIES, INC.: Form 13F holdings

An institutional investment manager in MINNEAPOLIS, MN. SEC CIK 1006938.

- Quarter ended: 2026-06-30
- Filed: 2026-08-04
- Reported value: $171.7m
- Positions: 117 (123 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1006938/000100693826000019/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| INVESCO QQQ TR UNIT SER 1 | COM | $32.8m | 19.1% | 44,538 |  | New +44,538 |
| J P MORGAN EXCHANGE-TRADED FD TR INCOME ETF | COM | $18.3m | 10.7% | 397,103 |  | Reduced −10,236 |
| LAZARD ACTIVE ETF TR INTL DYNAMIC EQUITY ETF | COM | $14.5m | 8.4% | 412,738 |  | New +412,738 |
| SELECT SECTOR SPDR TR STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF | COM | $6.1m | 3.6% | 32,091 |  | Added +1,701 |
| ISHARES TR CORE S&P 500 ETF | COM | $6.0m | 3.5% | 7,953 |  | Reduced −137 |
| ISHARES TR GLOBAL TECH ETF | COM | $5.0m | 2.9% | 34,721 |  | Added +2,475 |
| SELECT SECTOR SPDR TR STATE STREET ENERGY SELECT SECTOR SPDR ETF | COM | $3.9m | 2.3% | 73,048 |  | Added +6,308 |
| ISHARES TR GLOBAL ENERGY ETF | COM | $3.8m | 2.2% | 78,141 |  | Added +6,012 |
| ISHARES TR GLOBAL CONSUMER STAPLES ETF | COM | $3.6m | 2.1% | 54,033 |  | Added +5,303 |
| SELECT SECTOR SPDR TR STATE STREET CONSUMER STAPLES SELECT SECTOR SPDR ETF | COM | $3.3m | 1.9% | 39,424 |  | Added +3,908 |
| ISHARES TR S&P 500 GROWTH ETF | COM | $3.2m | 1.9% | 23,438 |  | Added +1,465 |
| [APPLIED MATLS INC COM (AMAT)](/companies/amat.md) | COM | $3.1m | 1.8% | 4,250 |  | Unchanged |
| [APPLE INC COM (AAPL)](/companies/aapl.md) | COM | $3.0m | 1.8% | 10,482 |  | Reduced −380 |
| ISHARES TR SEMICONDUCTOR ETF | COM | $2.7m | 1.5% | 4,145 |  | Reduced −3 |
| BLACKROCK ETF TR ISHARES U S EQUITY FACTOR ROTATION ACTIVE ETF | COM | $2.4m | 1.4% | 35,659 |  | Added +3,167 |
| BLACKROCK ETF TR ISHARES A I INNOVATION & TECH ACTIVE ETF | COM | $2.3m | 1.3% | 43,375 |  | Added +5,470 |
| ISHARES TR MSCI USA QUALITY FACTOR ETF | COM | $2.2m | 1.3% | 10,001 |  | Reduced −225 |
| [AMAZON COM INC COM (AMZN)](/companies/amzn.md) | COM | $2.0m | 1.2% | 8,585 |  | Reduced −407 |
| ISHARES TR S&P 500 VALUE ETF | COM | $2.0m | 1.2% | 8,736 |  | Added +1,212 |
| SPDR SER TR STATE STREET SPDR S&P AEROSPACE & DEFENSE ETF | COM | $1.6m | 1.0% | 5,755 |  | Added +122 |
| [BERKSHIRE HATHAWAY INC DEL CL B NEW (BRK-B)](/companies/brk-b.md) | COM | $1.5m | 0.9% | 3,006 |  | Reduced −72 |
| AMPLIFY ETF TR AMPLIFY CYBERSECURITY ETF | COM | $1.5m | 0.9% | 14,301 |  | Added +880 |
| [NVIDIA CORP COM (NVDA)](/companies/nvda.md) | COM | $1.4m | 0.8% | 6,776 |  | Added +54 |
| ISHARES TR CORE UNIVERSAL USD BD ETF | COM | $1.3m | 0.8% | 28,385 |  | Added +7,333 |
| [BROADCOM INC COM (AVGO)](/companies/avgo.md) | COM | $1.2m | 0.7% | 3,200 |  | Unchanged |
| ISHARES INC CORE MSCI EMERGING MKTS ETF | COM | $1.2m | 0.7% | 14,199 |  | Added +3,975 |
| ISHARES TR US AEROSPACE & DEFENSE ETF | COM | $1.2m | 0.7% | 4,850 |  | Added +144 |
| ISHARES TR U S TECHNOLOGY ETF | COM | $1.2m | 0.7% | 4,658 |  | Reduced −697 |
| ISHARES TR MSCI EAFE VALUE ETF | COM | $1.2m | 0.7% | 15,211 |  | Added +1,844 |
| [EMERSON ELEC CO COM (EMR)](/companies/emr.md) | COM | $1.1m | 0.7% | 7,900 |  | Added +400 |
| [MICROSOFT CORP COM (MSFT)](/companies/msft.md) | COM | $1.1m | 0.7% | 2,995 |  | Added +1,369 |
| SELECT SECTOR SPDR TR STATE STREET FINL SELECT SECTOR SPDR ETF | COM | $1.0m | 0.6% | 19,004 |  | Reduced −500 |
| VANGUARD INDEX FDS MORNINGSTAR VANGUARD VALUE ETF | COM | $1.0m | 0.6% | 4,641 |  | Reduced −111 |
| [COSTCO WHSL CORP NEW COM (COST)](/companies/cost.md) | COM | $993.8k | 0.6% | 1,062 |  | Added +2 |
| [CAPITAL ONE FINL CORP COM (COF)](/companies/cof.md) | COM | $942.9k | 0.5% | 4,700 |  | Reduced −50 |
| [MARATHON PETE CORP COM (MPC)](/companies/mpc.md) | COM | $895.1k | 0.5% | 3,501 |  | Unchanged |
| [STATE STR SPDR S&P 500 ETF TR TR UNIT (SPY)](/companies/spy.md) | COM | $893.9k | 0.5% | 1,197 |  | Unchanged |
| ISHARES TR MSCI EAFE GROWTH ETF | COM | $884.6k | 0.5% | 7,110 |  | Added +367 |
| ISHARES TR MSCI USA MOMENTUM FACTOR ETF | COM | $855.7k | 0.5% | 2,496 |  | Added +522 |
| [CORNING INC COM (GLW)](/companies/glw.md) | COM | $840.1k | 0.5% | 3,289 |  | Unchanged |
| [CISCO SYS INC COM (CSCO)](/companies/csco.md) | COM | $831.3k | 0.5% | 7,077 |  | Reduced −1,319 |
| BLACKROCK ETF TR ISHARES U S THEMATIC ROTATION ACTIVE ETF | COM | $803.4k | 0.5% | 18,635 |  | Added +5,125 |
| [UNITEDHEALTH GROUP INC COM (UNH)](/companies/unh.md) | COM | $793.9k | 0.5% | 1,910 |  | Reduced −330 |
| [SPDR S&P MIDCAP 400 ETF TR UNIT SER 1 STANDARD & POORS DEP RCPT (MDY)](/companies/mdy.md) | COM | $652.7k | 0.4% | 928 |  | Unchanged |
| ISHARES TR S&P 100 ETF | COM | $644.3k | 0.4% | 1,761 |  | Reduced −72 |
| VANGUARD INTL FD FTSE DEVELOPED MKTS ETF | COM | $638.8k | 0.4% | 8,966 |  | Added +136 |
| [CARPENTER TECHNOLOGY CORP COM (CRS)](/companies/crs.md) | COM | $616.8k | 0.4% | 1,000 |  | Unchanged |
| [ALPHABET INC CL A (GOOGL)](/companies/googl.md) | COM | $607.5k | 0.4% | 1,700 |  | Reduced −115 |
| ISHARES TR US HEALTH CARE PROVIDERS ETF | COM | $597.7k | 0.3% | 10,802 |  | Added +285 |
| ISHARES TR RUSSELL 2000 ETF | COM | $527.9k | 0.3% | 1,757 |  | Added +371 |
| [TESLA INC COM (TSLA)](/companies/tsla.md) | COM | $521.5k | 0.3% | 1,240 |  | Added +75 |
| [ZIMMER BIOMET HLDGS INC COM (ZBH)](/companies/zbh.md) | COM | $516.5k | 0.3% | 6,000 |  | Reduced −6,000 |
| [INVESCO DB COMMODITY INDEX TRACKING FD UNIT (DBC)](/companies/dbc.md) | COM | $484.0k | 0.3% | 18,153 |  | Added +1,057 |
| SPDR SER TR STATE STR SPDR PORT INTER TERM TREAS ETF | COM | $473.8k | 0.3% | 16,688 |  | Added +122 |
| [US BANCORP DEL COM NEW (USB)](/companies/usb.md) | COM | $472.6k | 0.3% | 7,825 |  | Reduced −200 |
| MEDTRONIC PLC SHS | COM | $469.4k | 0.3% | 6,000 |  | New +6,000 |
| [HONEYWELL INTL INC COM NEW (HON)](/companies/hon.md) | COM | $442.2k | 0.3% | 1,975 |  | New +1,975 |
| [HONEYWELL AEROSPACE INC COM (HONA)](/companies/hona.md) | COM | $436.6k | 0.3% | 1,975 |  | New +1,975 |
| [VERTIV HLDGS CO CL A (VRT)](/companies/vrt.md) | COM | $435.6k | 0.3% | 1,301 |  | Unchanged |
| [APOLLO GLOBAL MGMT INC NEW COM (APO)](/companies/apo.md) | COM | $424.7k | 0.2% | 3,590 |  | Reduced −110 |
| VANGUARD INDEX FDS MORNINGSTAR VANGUARD GROWTH ETF | COM | $418.6k | 0.2% | 4,860 |  | Added +3,938 |
| ISHARES TR GLOBAL REIT ETF | COM | $418.6k | 0.2% | 15,157 |  | Added +90 |
| [PALANTIR TECHNOLOGIES INC CL A (PLTR)](/companies/pltr.md) | COM | $415.7k | 0.2% | 3,563 |  | Added +1,863 |
| [DEERE & CO COM (DE)](/companies/de.md) | COM | $399.6k | 0.2% | 630 |  | Unchanged |
| [ATI INC COM (ATI)](/companies/ati.md) | COM | $394.2k | 0.2% | 2,000 |  | Unchanged |
| ISHARES TR 10-20 YR TREAS BD ETF | COM | $394.1k | 0.2% | 3,927 |  | New +3,927 |
| SPDR SER TR STATE STREET SPDR S&P REGL BKG ETF | COM | $377.1k | 0.2% | 5,038 |  | Unchanged |
| ISHARES TR RUSSELL 1000 ETF | COM | $375.1k | 0.2% | 916 |  | Added +4 |
| [ABERDEEN STD GOLD ETF TR PHYSICAL SWISS GOLD SHS ETF (SGOL)](/companies/sgol.md) | COM | $373.4k | 0.2% | 9,766 |  | Added +13 |
| ISHARES TR MBS ETF | COM | $364.9k | 0.2% | 3,861 |  | Added +806 |
| [ALLIANCEBERNSTEIN HLDG L P UNIT LTD PARTNERSHIP INTERESTS (AB)](/companies/ab.md) | COM | $352.2k | 0.2% | 10,000 |  | Unchanged |
| [FULLER H B CO COM (FUL)](/companies/ful.md) | COM | $349.7k | 0.2% | 6,000 |  | Unchanged |
| [DISNEY WALT CO DISNEY COM (DIS)](/companies/dis.md) | COM | $346.8k | 0.2% | 3,603 |  | Unchanged |
| [EVERGY INC COM (EVRG)](/companies/evrg.md) | COM | $334.7k | 0.2% | 3,873 |  | Unchanged |
| [ALPHABET INC CAP STK CL C (GOOGL)](/companies/googl.md) | COM | $332.1k | 0.2% | 940 |  | Reduced −150 |
| [OPPFI INC COM (OPFI)](/companies/opfi.md) | COM | $332.0k | 0.2% | 33,433 |  | New +33,433 |
| [PRUDENTIAL FINL INC COM (PRU)](/companies/pru.md) | COM | $331.9k | 0.2% | 3,075 |  | Added +75 |
| [WALMART INC COM (WMT)](/companies/wmt.md) | COM | $328.7k | 0.2% | 2,902 |  | Added +125 |
| [ADVANCED MICRO DEVICES INC COM (AMD)](/companies/amd.md) | COM | $319.5k | 0.2% | 550 |  | New +550 |
| CAPITAL GROUP DIVID VALUE ETF SHS | COM | $313.5k | 0.2% | 6,361 |  | Reduced −347 |
| BLACKROCK ETF TR U S CARBON TRANSITION READINESS AWARE ACTIVE ETF | COM | $312.5k | 0.2% | 3,898 |  | Reduced −234 |
| CAPITAL GROUP GROWTH ETF SHS | COM | $308.9k | 0.2% | 6,545 |  | Reduced −387 |
| [WELLS FARGO & CO NEW COM (WFC)](/companies/wfc.md) | COM | $305.8k | 0.2% | 3,700 |  | Unchanged |
| CAPITAL GROUP FIXED INCOME ETF TR U S MULTI-SECTOR INCOME ETF | COM | $304.9k | 0.2% | 11,158 |  | Reduced −669 |
| [HUNTINGTON BANCSHARES INC COM (HBAN)](/companies/hban.md) | COM | $297.9k | 0.2% | 16,800 |  | Unchanged |
| [NETFLIX INC COM (NFLX)](/companies/nflx.md) | COM | $285.6k | 0.2% | 4,000 |  | Unchanged |
| [FISERV INC COM (FISV)](/companies/fisv.md) | COM | $281.8k | 0.2% | 5,745 |  | New +5,745 |
| [CORTEVA INC COM (CTVA)](/companies/ctva.md) | COM | $281.6k | 0.2% | 3,325 |  | Reduced −150 |
| [ENCORE CAP GROUP INC COM (ECPG)](/companies/ecpg.md) | COM | $279.9k | 0.2% | 3,000 |  | Unchanged |
| [GENERAL ELEC CO COM NEW (GE)](/companies/ge.md) | COM | $271.0k | 0.2% | 725 |  | Unchanged |
| SPDR SER TR STATE STREET SPDR BLOOMBERG 1-3 MNTH T BILL ETF NEW | COM | $268.3k | 0.2% | 2,928 |  | Added +305 |
| [AMERICAN PUB ED INC COM (APEI)](/companies/apei.md) | COM | $255.9k | 0.1% | 4,765 |  | Unchanged |
| J P MORGAN EXCHANGE-TRADED FD TR EQUITY PREMIUM INCOME ETF | COM | $255.3k | 0.1% | 4,521 |  | Reduced −274 |
| [AMERICAN ELEC PWR CO INC COM (AEP)](/companies/aep.md) | COM | $252.4k | 0.1% | 1,845 |  | Unchanged |
| [BANK AMER CORP COM (BAC)](/companies/bac.md) | COM | $252.1k | 0.1% | 4,425 |  | Unchanged |
| ISHARES TR ESG ADVANCED MSCI USA ETF | COM | $246.9k | 0.1% | 3,555 |  | Reduced −1,701 |
| ISHARES TR MSCI EAFE ETF | COM | $246.6k | 0.1% | 2,374 |  | Unchanged |
| [VERIZON COMMUNICATIONS INC COM (VZ)](/companies/vz.md) | COM | $246.1k | 0.1% | 5,813 |  | New +5,813 |
| J P MORGAN EXCHANGE-TRADED FD TR EQUITY FOCUS ETF | COM | $244.8k | 0.1% | 3,048 |  | Reduced −76 |
| ISHARES TR CORE INTL AGGREGATE BD ETF | COM | $241.9k | 0.1% | 4,780 |  | New +4,780 |
| [BP PLC SPONS ADR (BP)](/companies/bp.md) | COM | $241.7k | 0.1% | 6,540 |  | Reduced −318 |
| [MARRIOTT INTL INC NEW CL A (MAR)](/companies/mar.md) | COM | $240.9k | 0.1% | 650 |  | Reduced −250 |
| [INTEL CORP COM (INTC)](/companies/intc.md) | COM | $237.4k | 0.1% | 1,700 |  | New +1,700 |
| ISHARES TR ESG AWARE MSCI USA ETF | COM | $235.2k | 0.1% | 1,437 |  | Reduced −1,447 |
| ISHARES TR ESG MSCI KLD 400 ETF | COM | $234.5k | 0.1% | 1,647 |  | Reduced −650 |
| [BRIDGEWATER BANCSHARES INC COM (BWB)](/companies/bwb.md) | COM | $232.6k | 0.1% | 11,055 |  | Reduced −4,250 |
| [ENTERGY CORP NEW COM (ETR)](/companies/etr.md) | COM | $230.9k | 0.1% | 2,010 |  | Unchanged |
| [CROWDSTRIKE HLDGS INC CL A (CRWD)](/companies/crwd.md) | COM | $228.9k | 0.1% | 300 |  | New +300 |
| [META PLATFORMS INC CL A (META)](/companies/meta.md) | COM | $227.0k | 0.1% | 403 |  | Unchanged |
| [HOME DEPOT INC COM (HD)](/companies/hd.md) | COM | $219.7k | 0.1% | 623 |  | New +623 |
| ISHARES TR U S TREAS BD ETF | COM | $218.7k | 0.1% | 9,600 |  | New +9,600 |
| [PROCTER & GAMBLE CO COM (PG)](/companies/pg.md) | COM | $204.3k | 0.1% | 1,393 |  | Unchanged |
| ISHARES TR CORE S&P MID-CAP ETF | COM | $202.8k | 0.1% | 2,630 |  | New +2,630 |
| INVESCO EXCHANGE-TRADED FD TR S&P 500 EQUAL WEIGHT ETF | COM | $201.7k | 0.1% | 948 |  | New +948 |
| ISHARES INC MSCI EMERGING MKTS EX CHINA ETF | COM | $201.0k | 0.1% | 1,965 |  | Reduced −1,112 |
| [NEWELL BRANDS INC COM (NWL)](/companies/nwl.md) | COM | $136.6k | <0.1% | 22,250 |  | New +22,250 |
| [NETLIST INC COM (NLST)](/companies/nlst.md) | COM | $81.6k | <0.1% | 26,500 |  | Added +15,300 |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [CONSTELLATION ENERGY CORP COM (CEG)](/companies/ceg.md) | COM | $0 | 0.0% | 0 |  | Sold out −724 |
| [GENERAC HLDGS INC COM (GNRC)](/companies/gnrc.md) | COM | $0 | 0.0% | 0 |  | Sold out −1,400 |
| HOLOGIC INC | COM | $0 | 0.0% | 0 |  | Sold out −2,800 |
| HONEYWELL INTL INC COM | COM | $0 | 0.0% | 0 |  | Sold out −900 |
| ISHARES TR HIGH YIELD SYSTEMATIC BD ETF | COM | $0 | 0.0% | 0 |  | Sold out −4,395 |
| [JPMORGAN CHASE & CO COM (JPM)](/companies/jpm.md) | COM | $0 | 0.0% | 0 |  | Sold out −1,104 |
| [NIO INC SHS A SPONSORED AMERICAN DEP SHS REPR 1 SH A ORD SH ISIN#US62914V1061 (NIO)](/companies/nio.md) | COM | $0 | 0.0% | 0 |  | Sold out −13,000 |
| [OKTA INC CL A (OKTA)](/companies/okta.md) | COM | $0 | 0.0% | 0 |  | Sold out −2,617 |

Source: SEC EDGAR, Form 13F-HR, accession 0001006938-26-000019. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.