# EDGAR Filing Document

**Accession Number:** 0001581794
**File Stem:** 0001581794-25-000010
**Filing Date:** 2025-7
**Character Count:** 8129
**Document Hash:** 76f1b121a2b7ad071daa1c9cf28c4344
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001581794-25-000010.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001581794-25-000010

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**EFFECTIVENESS DATE**: 20250729

**FILER**: 

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

**ORGANIZATION NAME:**
- **EIN:** 911548437
- **STATE OF INCORPORATION:** WA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20658
- **FILM NUMBER:** 251160408

**BUSINESS ADDRESS:**
- **STREET 1:** 2700 S. SOUTHEAST BLVD.
- **STREET 2:** STE 205
- **CITY:** SPOKANE
- **STATE:** WA
- **ZIP:** 99223
- **BUSINESS PHONE:** 509-456-2526

**MAIL ADDRESS:**
- **STREET 1:** 2700 S. SOUTHEAST BLVD.
- **STREET 2:** STE 205
- **CITY:** SPOKANE
- **STATE:** WA
- **ZIP:** 99223

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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.<br>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:** Chief Executive Officer Chief Compliance Officer<br>**Phone:** 509-456-2526

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

Michelle L. Warner  Spokane, WA  07-29-2025<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:** 44

**Form 13F Information Table Value Total:** $170012756

      (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 |
| ABBVIE INC | COM | 00287Y109 |  | 254698 | 1372 | SH |  | SOLE |  | 0 | 0 | 1372 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 684115 | 3857 | SH |  | SOLE |  | 0 | 0 | 3857 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 248509 | 1410 | SH |  | SOLE |  | 0 | 0 | 1410 |
| AMAZON COM INC | COM | 023135106 |  | 1619976 | 7384 | SH |  | SOLE |  | 0 | 0 | 7384 |
| AON PLC | SHS CL A | G0403H108 |  | 602211 | 1688 | SH |  | SOLE |  | 0 | 0 | 1688 |
| APPLE INC | COM | 037833100 |  | 2813183 | 13711 | SH |  | SOLE |  | 0 | 0 | 13711 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 827266 | 1703 | SH |  | SOLE |  | 0 | 0 | 1703 |
| BOEING CO | COM | 097023105 |  | 354944 | 1694 | SH |  | SOLE |  | 0 | 0 | 1694 |
| BROADCOM INC | COM | 11135F101 |  | 220992 | 802 | SH |  | SOLE |  | 0 | 0 | 802 |
| CHEVRON CORP NEW | COM | 166764100 |  | 545489 | 3810 | SH |  | SOLE |  | 0 | 0 | 3810 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1122950 | 1134 | SH |  | SOLE |  | 0 | 0 | 1134 |
| CUMMINS INC | COM | 231021106 |  | 200233 | 611 | SH |  | SOLE |  | 0 | 0 | 611 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 230715 | 7440 | SH |  | SOLE |  | 0 | 0 | 7440 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 440329 | 4085 | SH |  | SOLE |  | 0 | 0 | 4085 |
| FIRST INTST BANCSYSTEM INC | COM | 32055Y201 |  | 1493473 | 51821 | SH |  | SOLE |  | 0 | 0 | 51821 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 342078 | 1160 | SH |  | SOLE |  | 0 | 0 | 1160 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 31884569 | 57800 | SH |  | SOLE |  | 0 | 0 | 57800 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 229028 | 1696 | SH |  | SOLE |  | 0 | 0 | 1696 |
| ISHARES TR | MRGSTR MD CP GRW | 464288307 |  | 311292 | 3880 | SH |  | SOLE |  | 0 | 0 | 3880 |
| ISHARES TR | ESG MSCI USA ETF | 46436E767 |  | 240258 | 4455 | SH |  | SOLE |  | 0 | 0 | 4455 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 3053191 | 19988 | SH |  | SOLE |  | 0 | 0 | 19988 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 403176 | 1391 | SH |  | SOLE |  | 0 | 0 | 1391 |
| META PLATFORMS INC | CL A | 30303M102 |  | 483649 | 655 | SH |  | SOLE |  | 0 | 0 | 655 |
| MICROSOFT CORP | COM | 594918104 |  | 3489150 | 7015 | SH |  | SOLE |  | 0 | 0 | 7015 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 536547 | 7729 | SH |  | SOLE |  | 0 | 0 | 7729 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 956648 | 6055 | SH |  | SOLE |  | 0 | 0 | 6055 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 916866 | 38475 | SH |  | SOLE |  | 0 | 0 | 38475 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 52772563 | 1806661 | SH |  | SOLE |  | 0 | 0 | 1806661 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 31789698 | 1148887 | SH |  | SOLE |  | 0 | 0 | 1148887 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 5836620 | 208079 | SH |  | SOLE |  | 0 | 0 | 208079 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 1332085 | 3023 | SH |  | SOLE |  | 0 | 0 | 3023 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 207284 | 680 | SH |  | SOLE |  | 0 | 0 | 680 |
| SPDR SERIES TRUST | PRTFLO S VL | 78464A508 |  | 1300334 | 24844 | SH |  | SOLE |  | 0 | 0 | 24844 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A847 |  | 748486 | 13764 | SH |  | SOLE |  | 0 | 0 | 13764 |
| SPROTT PHYSICAL GOLD  SILVE | TR UNIT | 85208R101 |  | 252238 | 8380 | SH |  | SOLE |  | 0 | 0 | 8380 |
| STARBUCKS CORP | COM | 855244109 |  | 378157 | 4127 | SH |  | SOLE |  | 0 | 0 | 4127 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 939656 | 1654 | SH |  | SOLE |  | 0 | 0 | 1654 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 426419 | 4788 | SH |  | SOLE |  | 0 | 0 | 4788 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 2423537 | 8661 | SH |  | SOLE |  | 0 | 0 | 8661 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 15209222 | 53310 | SH |  | SOLE |  | 0 | 0 | 53310 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 939934 | 3093 | SH |  | SOLE |  | 0 | 0 | 3093 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 480489 | 7148 | SH |  | SOLE |  | 0 | 0 | 7148 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 247571 | 3090 | SH |  | SOLE |  | 0 | 0 | 3090 |
| WISDOMTREE TR | US LARGECAP DIVD | 97717W307 |  | 222928 | 2714 | SH |  | SOLE |  | 0 | 0 | 2714 |

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