Managers / Q4 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 89 positions for Q4 2025.
The portfolio is heavily concentrated: Spdr Series alone accounts for 28.0% of reported value.
Compared with Q3 2025, the fund opened 2 new positions and exited 643.
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 · 73.9% · $86M
- Common Stock · 25.2% · $29M
- Other · 0.6% · $684,549
- Closed-End Fund · 0.2% · $264,871
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BRK/ABERKSHIRE HATHAWAY INC DEL | NEW | +1 | 1 | +$754,800 | $754,800 |
| J P MORGAN EXCHANGE TRADED F | NEW | +4.1K | 4.1K | +$260,997 | $260,997 |
| SCHWAB STRATEGIC TR | ADDED | +16.2K | 24.1K | +$445,727 | $661,440 |
| IBITISHARES BITCOIN TRUST ETF | SOLD OUT | −5.0K | 0 | −$327,470 | $0 |
| FIDELITY COVINGTON TRUST | SOLD OUT | −8.8K | 0 | −$294,194 | $0 |
| BABOEING CO | SOLD OUT | −878 | 0 | −$189,499 | $0 |
| BXBLACKSTONE INC | SOLD OUT | −1.1K | 0 | −$183,322 | $0 |
| SELECT SECTOR SPDR TR | SOLD OUT | −1.3K | 0 | −$181,339 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 28.02% | $33M | 355.8K |
| 2 | DFAUDIMENSIONAL ETF TRUST | US CORE EQT MKT · INTL CORE EQT MK · EMGR CRE EQT MNG · US CORE EQUITY 2 | 21.50% | $25M | 608.2K |
| 3 | AAPLAPPLE INChistory → | COM | 3.82% | $4M | 16.3K |
| 4 | SPDR S&P 500 ETF TR | TR UNIT | 3.74% | $4M | 6.4K |
| 5 | GOOGLALPHABET INC | CAP STK CL A · CAP STK CL C | 2.78% | $3M | 10.3K |
| 6 | VGSHVANGUARD SCOTTSDALE FDShistory → | SHORT TERM TREAS | 2.45% | $3M | 48.5K |
| 7 | NDQINVESCO QQQ TRhistory → | UNIT SER 1 | 2.41% | $3M | 4.6K |
| 8 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW · CL A | 2.18% | $3M | 3.5K |
| 9 | ISHARES TR | RUS 1000 GRW ETF · 1 3 YR TREAS BD · SHORT TREAS BD · RUSSELL 2000 ETF | 1.83% | $2M | 14.5K |
| 10 | VANGUARD INSTL INDEX FD | ULTRA-SHORT TREA | 1.63% | $2M | 25.0K |
| 11 | VANGUARD INDEX FDS | SMALL CP ETF · TOTAL STK MKT · MCAP VL IDXVIP | 1.52% | $2M | 7.2K |
| 12 | UBS AG LONDON BRANCH | ETRACS ALERIAN M | 1.42% | $2M | 87.2K |
| 13 | AMZNAMAZON COM INChistory → | COM | 1.42% | $2M | 7.1K |
| 14 | MSFTMICROSOFT CORPhistory → | COM | 1.40% | $2M | 3.4K |
| 15 | VANGUARD STAR FDS | VG TL INTL STK F | 1.40% | $2M | 21.5K |
| 16 | METAMETA PLATFORMS INChistory → | CL A | 1.38% | $2M | 2.4K |
| 17 | JPMJPMORGAN CHASE & CO.history → | COM | 1.08% | $1M | 3.9K |
| 18 | AMERICAN CENTY ETF TR | US EQT ETF | 0.85% | $983,722 | 8.8K |
| 19 | AVGOBROADCOM INC | COM | 0.84% | $978,881 | 2.8K |
| 20 | SELECT SECTOR SPDR TR | TECHNOLOGY | 0.71% | $821,205 | 5.7K |
| 21 | GQ9SPDR GOLD TR | GOLD SHS | 0.64% | $748,233 | 1.9K |
| 22 | VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 0.59% | $686,347 | 12.8K |
| 23 | BACVERIZON COMMUNICATIONS INC | COM | 0.59% | $686,056 | 16.8K |
| 24 | SCHWAB STRATEGIC TR | US DIVIDEND EQ | 0.57% | $661,440 | 24.1K |
| 25 | HDHOME DEPOT INC | COM | 0.56% | $649,520 | 1.9K |
| 26 | AXPAMERICAN EXPRESS CO | COM | 0.50% | $575,407 | 1.6K |
| 27 | INVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT | 0.49% | $570,657 | 3.0K |
| 28 | VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 0.46% | $532,747 | 2.4K |
| 29 | PGPROCTER AND GAMBLE CO | COM | 0.41% | $477,939 | 3.3K |
| 30 | WFCWELLS FARGO CO NEW | COM | 0.40% | $464,602 | 5.0K |
| 31 | VVISA INC | COM CL A | 0.40% | $460,833 | 1.3K |
| 32 | EWEDWARDS LIFESCIENCES CORP | COM | 0.39% | $448,841 | 5.3K |
| 33 | ABBVABBVIE INC | COM | 0.38% | $445,099 | 1.9K |
| 34 | IBMINTERNATIONAL BUSINESS MACHS | COM | 0.38% | $439,478 | 1.5K |
| 35 | RTXRTX CORPORATION | COM | 0.37% | $433,924 | 2.4K |
| 36 | TAT&T INC | COM | 0.35% | $410,574 | 16.5K |
| 37 | TSLATESLA INC | COM | 0.35% | $404,748 | 900 |
| 38 | ICEINTERCONTINENTAL EXCHANGE IN | COM | 0.35% | $404,738 | 2.5K |
| 39 | CSCOCISCO SYS INC | COM | 0.35% | $403,215 | 5.2K |
| 40 | ISHARES U S ETF TR | SHORT DURATION B | 0.33% | $383,148 | 7.5K |
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 ↗.