Managers / Q2 2025 · view latest →
North Capital, Inc.
CIK 0002065938 · 623 EAST FORT UNION BLVD, SUITE 101, SALT LAKE CITY, UT, 84047 · (415) 315-9916
Summary
North Capital, Inc. reported $116M in U.S.-listed holdings across 612 positions for Q2 2025.
The portfolio is heavily concentrated: Spdr Series alone accounts for 23.2% of reported value.
Compared with Q1 2025, the fund opened 23 new positions and exited 29.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 66.9% · $78M
- Common Stock · 30.7% · $36M
- Other · 1.2% · $1M
- ADR · 0.5% · $632,129
- Closed-End Fund · 0.4% · $408,407
- Other · 0.3% · $323,222
Quarter-over-Quarter Changes full breakdown →
vs Q1 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BTCGRAYSCALE BITCOIN MINI TR ET | NEW | +7.9K | 7.9K | +$376,175 | $376,175 |
| INVESCO GALAXY BITCOIN ETF | NEW | +1.0K | 1.0K | +$107,530 | $107,530 |
| 0J7QIAC INC | NEW | +2.0K | 2.0K | +$74,680 | $74,680 |
| HCM II ACQUISITION CORP | NEW | +6.0K | 6.0K | +$66,600 | $66,600 |
| MPMP MATERIALS CORP | NEW | +2.0K | 2.0K | +$66,540 | $66,540 |
| WISDOMTREE TR | NEW | +750 | 750 | +$35,603 | $35,603 |
| FIDELIS INSURANCE HOLDINGS L | NEW | +2.0K | 2.0K | +$33,160 | $33,160 |
| GLOBAL X FDS | NEW | +1.0K | 1.0K | +$32,650 | $32,650 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 23.17% | $27M | 292.8K |
| 2 | DFAUDIMENSIONAL ETF TRUST | US CORE EQT MKT · INTL CORE EQT MK · EMGR CRE EQT MNG · US CORE EQUITY 2 | 17.27% | $20M | 540.7K |
| 3 | AAPLAPPLE INChistory → | COM | 4.23% | $5M | 23.9K |
| 4 | SPDR S&P 500 ETF TR | TR UNIT | 3.43% | $4M | 6.4K |
| 5 | VGSHVANGUARD SCOTTSDALE FDShistory → | SHORT TERM TREAS | 2.78% | $3M | 54.9K |
| 6 | NDQINVESCO QQQ TRhistory → | UNIT SER 1 | 2.06% | $2M | 4.3K |
| 7 | ISHARES TR | 1 3 YR TREAS BD · RUS 1000 GRW ETF · SHORT TREAS BD · RUSSELL 2000 ETF | 1.73% | $2M | 14.5K |
| 8 | VANGUARD INSTL INDEX FD | ULTRA-SHORT TREA | 1.71% | $2M | 26.2K |
| 9 | GOOGLALPHABET INC | CAP STK CL A · CAP STK CL C | 1.54% | $2M | 10.1K |
| 10 | METAMETA PLATFORMS INChistory → | CL A | 1.50% | $2M | 2.4K |
| 11 | MSFTMICROSOFT CORPhistory → | COM | 1.45% | $2M | 3.4K |
| 12 | BRK/BBERKSHIRE HATHAWAY INC DELhistory → | CL B NEW | 1.45% | $2M | 3.5K |
| 13 | UBS AG LONDON BRANCH | ETRACS ALERIAN M | 1.44% | $2M | 87.0K |
| 14 | VANGUARD INDEX FDS | SMALL CP ETF · MCAP VL IDXVIP · TOTAL STK MKT | 1.33% | $2M | 6.9K |
| 15 | VANGUARD STAR FDS | VG TL INTL STK F | 1.26% | $1M | 21.1K |
| 16 | AMZNAMAZON COM INChistory → | COM | 1.20% | $1M | 6.4K |
| 17 | JPMJPMORGAN CHASE & CO. | COM | 0.92% | $1M | 3.7K |
| 18 | AVGOBROADCOM INC | COM | 0.70% | $810,478 | 2.9K |
| 19 | AMERICAN CENTY ETF TR | US EQT ETF | 0.68% | $793,954 | 7.9K |
| 20 | SELECT SECTOR SPDR TR | TECHNOLOGY | 0.62% | $722,465 | 2.9K |
| 21 | BACVERIZON COMMUNICATIONS INC | COM | 0.58% | $671,074 | 15.5K |
| 22 | HDHOME DEPOT INC | COM | 0.54% | $625,882 | 1.7K |
| 23 | VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 0.53% | $619,092 | 12.5K |
| 24 | VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 0.43% | $496,120 | 2.4K |
| 25 | AXPAMERICAN EXPRESS CO | COM | 0.43% | $496,082 | 1.6K |
| 26 | TAT&T INC | COM | 0.41% | $478,334 | 16.5K |
| 27 | VVISA INC | COM CL A | 0.39% | $457,304 | 1.3K |
| 28 | ICEINTERCONTINENTAL EXCHANGE IN | COM | 0.39% | $456,657 | 2.5K |
| 29 | ORCLORACLE CORP | COM | 0.38% | $443,609 | 2.0K |
| 30 | IBMINTERNATIONAL BUSINESS MACHS | COM | 0.38% | $437,221 | 1.5K |
| 31 | EWEDWARDS LIFESCIENCES CORP | COM | 0.35% | $410,133 | 5.2K |
| 32 | INVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT | 0.35% | $402,554 | 2.2K |
| 33 | PGPROCTER AND GAMBLE CO | COM | 0.34% | $396,229 | 2.5K |
| 34 | ISHARES U S ETF TR | SHORT DURATION B | 0.33% | $383,148 | 7.5K |
| 35 | EATON CORP PLC | SHS | 0.33% | $382,336 | 1.1K |
| 36 | BTCGRAYSCALE BITCOIN MINI TR ET | SHS NEW | 0.32% | $376,175 | 7.9K |
| 37 | KKRKKR & CO INC | COM | 0.31% | $365,034 | 2.7K |
| 38 | CSCOCISCO SYS INC | COM | 0.31% | $363,117 | 5.2K |
| 39 | RTXRTX CORPORATION | COM | 0.30% | $343,877 | 2.4K |
| 40 | TRANE TECHNOLOGIES PLC | SHS | 0.29% | $341,617 | 781 |
| 41 | DISDISNEY WALT CO | COM | 0.28% | $323,367 | 2.6K |
Filing History
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.