Northland Capital Markets

Analysts

Introduced as Northland Capital Markets by the operator or in their own words on calls Lician transcribed. Names are machine transcriptions and may be misspelled.

Coverage on earnings calls

• FTKFLOTEK INDUSTRIES INC/CN/
• HUTHut 8 Corp.
• SEZLSezzle Inc.
• VECOVEECO INSTRUMENTS INC
• VIAVVIAVI SOLUTIONS INC.
• OUSTOuster, Inc.
• VTSVitesse Energy, Inc.

Recent rating changes

Upgrades, downgrades, initiations and target changes by Northland Capital Markets named in news headlines Lician stores, each linked to its source. We do not use licensed rating databases, so this list is partial.

13F holdings: the firm's own book

Northland Capital Markets's own 13F filing, for the quarter ended Sep 30, 2026, filed Nov 2, 2026 (SEC filing). A 13F lists US-listed securities over which the filer and its affiliates report investment discretion: its asset-management funds and accounts and its own trading. It is not a list of what Northland Capital Markets's brokerage clients hold; client positions are private.

Largest positions

Largest positions in the 13F filing

Rank	Holding	Class	Shares	Value	Weight
1	QQQINVESCO QQQ TR UNIT SER 1	COM	21,649	$33.0M	19.3%
2	JPIEJ P MORGAN EXCHANGE-TRADED FD TR INCOME ETF	COM	169,636	$17.8M	10.4%
3	IDEQLAZARD ACTIVE ETF TR INTL DYNAMIC EQUITY ETF	COM	194,712	$14.4M	8.4%
4	XLKSELECT SECTOR SPDR TR STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF	COM	31,812	$6.2M	3.6%
5	IVVISHARES TR CORE S&P 500 ETF	COM	7,953	$6.1M	3.6%
6	IXNISHARES TR GLOBAL TECH ETF	COM	33,907	$5.0M	2.9%
7	XLESELECT SECTOR SPDR TR STATE STREET ENERGY SELECT SECTOR SPDR ETF	COM	73,212	$4.5M	2.6%
8	IXCISHARES TR GLOBAL ENERGY ETF	COM	77,518	$4.4M	2.6%
9	KXIISHARES TR GLOBAL CONSUMER STAPLES ETF	COM	60,884	$4.0M	2.3%
10	XLPSELECT SECTOR SPDR TR STATE STREET CONSUMER STAPLES SELECT SECTOR SPDR ETF	COM	45,149	$3.6M	2.1%
11	AAPLAPPLE INC COM	COM	10,266	$3.4M	2.0%
12	IVWISHARES TR S&P 500 GROWTH ETF	COM	23,183	$3.3M	1.9%
13	DYNFBLACKROCK ETF TR ISHARES U S EQUITY FACTOR ROTATION ACTIVE ETF	COM	35,084	$2.4M	1.4%
14	SOXXISHARES TR SEMICONDUCTOR ETF	COM	4,251	$2.4M	1.4%
15	AMATAPPLIED MATLS INC COM	COM	4,250	$2.2M	1.3%
16	QUALISHARES TR MSCI USA QUALITY FACTOR ETF	COM	9,732	$2.2M	1.3%
17	BAIBLACKROCK ETF TR ISHARES A I INNOVATION & TECH ACTIVE ETF	COM	44,317	$2.1M	1.2%
18	AMZNAMAZON COM INC COM	COM	8,375	$2.1M	1.2%
19	IVEISHARES TR S&P 500 VALUE ETF	COM	8,833	$2.0M	1.2%
20	HACKAMPLIFY ETF TR AMPLIFY CYBERSECURITY ETF	COM	14,541	$1.8M	1.0%
21	BRK.BBERKSHIRE HATHAWAY INC DEL CL B NEW	COM	3,274	$1.6M	1.0%
22	NVDANVIDIA CORP COM	COM	6,490	$1.5M	0.9%
23	MSFTMICROSOFT CORP COM	COM	2,775	$1.4M	0.8%
24	XARSPDR SER TR STATE STREET SPDR S&P AEROSPACE & DEFENSE ETF	COM	6,048	$1.4M	0.8%
25	MRNAMARATHON PETE CORP COM	COM	3,501	$1.4M	0.8%

Biggest additions

Largest increases vs the prior quarter

Holding	Change	Shares nowShares	Prior quarter	Value changeΔ value
WEBULL CORP ORD SHS ISIN#KYG9572D1034	New	71,525	0	+$499K
XLPSELECT SECTOR SPDR TR STATE STREET CONSUMER STAPLES SELECT SECTOR SPDR ETF	Added	45,149	39,424	+$461K
KXIISHARES TR GLOBAL CONSUMER STAPLES ETF	Added	60,884	54,033	+$448K
NEBIUS GROUP NV SHS CL A ISIN#NL0009805522	New	1,460	0	+$344K
CEGCONSTELLATION ENERGY CORP COM	New	849	0	+$216K
MRKMERCK & CO INC NEW COM	New	1,470	0	+$214K
SGOLABERDEEN STD GOLD ETF TR PHYSICAL SWISS GOLD SHS ETF	Added	14,157	9,766	+$174K
IWBISHARES TR RUSSELL 1000 ETF	Added	1,266	916	+$146K
BRK.BBERKSHIRE HATHAWAY INC DEL CL B NEW	Added	3,274	3,006	+$133K
HONAHONEYWELL AEROSPACE INC COM	Added	2,600	1,975	+$97K

Biggest reductions

Largest decreases vs the prior quarter

Holding	Change	Shares nowShares	Prior quarter	Value changeΔ value
QQQINVESCO QQQ TR UNIT SER 1	Reduced	21,649	44,538	−$34.9M
JPIEJ P MORGAN EXCHANGE-TRADED FD TR INCOME ETF	Reduced	169,636	397,103	−$23.9M
IDEQLAZARD ACTIVE ETF TR INTL DYNAMIC EQUITY ETF	Reduced	194,712	412,738	−$16.1M
BILSPDR SER TR STATE STREET SPDR BLOOMBERG 1-3 MNTH T BILL ETF NEW	Sold out	0	2,928	−$268K
VZVERIZON COMMUNICATIONS INC COM	Sold out	0	5,813	−$246K
IAGGISHARES TR CORE INTL AGGREGATE BD ETF	Sold out	0	4,780	−$242K
ETRENTERGY CORP NEW COM	Sold out	0	2,010	−$231K
CRWDCROWDSTRIKE HLDGS INC CL A	Sold out	0	300	−$229K
HDHOME DEPOT INC COM	Sold out	0	623	−$220K
GOVTISHARES TR U S TREAS BD ETF	Sold out	0	9,600	−$219K

Values as filed; value changes priced at this quarter's reported value per share. Options (puts/calls) are excluded from positions.