# EDGAR Filing Document

**Accession Number:** 0001581794
**File Stem:** 0001581794-23-000003
**Filing Date:** 2023-2
**Character Count:** 7471
**Document Hash:** 24ef1c45525b2bb0d6342ad3898e34bf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001581794-23-000003.hdr.sgml**: 20230207

**ACCESSION NUMBER**: 0001581794-23-000003

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230207

**DATE AS OF CHANGE**: 20230207

**EFFECTIVENESS DATE**: 20230207

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Northern Capital Management, Inc.
- **CENTRAL INDEX KEY:** 0001581794
- **IRS NUMBER:** 911548437

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20658
- **FILM NUMBER:** 23595882

**BUSINESS ADDRESS:**
- **BUSINESS PHONE:** 509-456-2526

**MAIL ADDRESS:**
- **STREET 1:** 2700 S. SOUTHEAST BLVD. STE. 205
- **CITY:** SPOKANE
- **STATE:** WA
- **ZIP:** 99223

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Northern Capital Management Inc.<br>**Address:** 2700 S. SOUTHEAST BLVD. STE. 205<br>SPOKANE, WA 99223

**Form 13F File Number:** 028-20658

**CRD Number (if applicable):** 000111379

**SEC File Number (if applicable):** 801-44942

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Michelle L Warner<br>**Title:** CEO/CCO<br>**Phone:** 509-456-2526

**Signature, Place, and Date of Signing:**

Michelle L Warner  Spokane, WA  02-06-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 40

**Form 13F Information Table Value Total:** $104091272

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 19587890 | 296696 | SH |  | SOLE |  | 0 | 0 | 296696 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 19375321 | 348728 | SH |  | SOLE |  | 0 | 0 | 348728 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 11323415 | 80166 | SH |  | SOLE |  | 0 | 0 | 80166 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 6535092 | 99605 | SH |  | SOLE |  | 0 | 0 | 99605 |
| SPDR SER TR | S 600 SMCP VAL | 78464A300 |  | 6300519 | 84890 | SH |  | SOLE |  | 0 | 0 | 84890 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 5687998 | 60101 | SH |  | SOLE |  | 0 | 0 | 60101 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 4553406 | 17100 | SH |  | SOLE |  | 0 | 0 | 17100 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 3635804 | 20582 | SH |  | SOLE |  | 0 | 0 | 20582 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 3256884 | 137595 | SH |  | SOLE |  | 0 | 0 | 137595 |
| ISHARES TR | MRGSTR MD CP GRW | 464288307 |  | 2954249 | 54830 | SH |  | SOLE |  | 0 | 0 | 54830 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 2390783 | 17678 | SH |  | SOLE |  | 0 | 0 | 17678 |
| FIRST INTST BANCSYSTEM INC | COM CL A | 32055Y201 |  | 2194230 | 56772 | SH |  | SOLE |  | 0 | 0 | 56772 |
| APPLE INC | COM | 037833100 |  | 1662018 | 12792 | SH |  | SOLE |  | 0 | 0 | 12792 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 1635406 | 7674 | SH |  | SOLE |  | 0 | 0 | 7674 |
| MICROSOFT CORP | COM | 594918104 |  | 1488762 | 6208 | SH |  | SOLE |  | 0 | 0 | 6208 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 1244076 | 7142 | SH |  | SOLE |  | 0 | 0 | 7142 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 998629 | 3014 | SH |  | SOLE |  | 0 | 0 | 3014 |
| CHEVRON CORP NEW | COM | 166764100 |  | 756730 | 4216 | SH |  | SOLE |  | 0 | 0 | 4216 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 714362 | 8545 | SH |  | SOLE |  | 0 | 0 | 8545 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 667664 | 3492 | SH |  | SOLE |  | 0 | 0 | 3492 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 655537 | 3216 | SH |  | SOLE |  | 0 | 0 | 3216 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 583696 | 5292 | SH |  | SOLE |  | 0 | 0 | 5292 |
| AMAZON COM INC | COM | 023135106 |  | 525924 | 6261 | SH |  | SOLE |  | 0 | 0 | 6261 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 517853 | 11557 | SH |  | SOLE |  | 0 | 0 | 11557 |
| AON PLC | SHS CL A | G0403H108 |  | 506636 | 1688 | SH |  | SOLE |  | 0 | 0 | 1688 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 450308 | 986 | SH |  | SOLE |  | 0 | 0 | 986 |
| STARBUCKS CORP | COM | 855244109 |  | 437571 | 4411 | SH |  | SOLE |  | 0 | 0 | 4411 |
| BOEING CO | COM | 097023105 |  | 383959 | 2016 | SH |  | SOLE |  | 0 | 0 | 2016 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 308832 | 2303 | SH |  | SOLE |  | 0 | 0 | 2303 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 291563 | 5630 | SH |  | SOLE |  | 0 | 0 | 5630 |
| MCDONALDS CORP | COM | 580135101 |  | 289619 | 1099 | SH |  | SOLE |  | 0 | 0 | 1099 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 280267 | 3398 | SH |  | SOLE |  | 0 | 0 | 3398 |
| LILLY ELI  CO | COM | 532457108 |  | 271819 | 743 | SH |  | SOLE |  | 0 | 0 | 743 |
| BIOGEN INC | COM | 09062X103 |  | 262243 | 947 | SH |  | SOLE |  | 0 | 0 | 947 |
| ABBVIE INC | COM | 00287Y109 |  | 260568 | 1612 | SH |  | SOLE |  | 0 | 0 | 1612 |
| ABBOTT LABS | COM | 002824100 |  | 243823 | 2221 | SH |  | SOLE |  | 0 | 0 | 2221 |
| WISDOMTREE TR | US LARGECAP DIVD | 97717W307 |  | 239251 | 3862 | SH |  | SOLE |  | 0 | 0 | 3862 |
| MERCK  CO INC | COM | 58933Y105 |  | 206922 | 1865 | SH |  | SOLE |  | 0 | 0 | 1865 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 206907 | 2009 | SH |  | SOLE |  | 0 | 0 | 2009 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 204736 | 6356 | SH |  | SOLE |  | 0 | 0 | 6356 |

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