# EDGAR Filing Document

**Accession Number:** 0001142728
**File Stem:** 0001162044-25-001038
**Filing Date:** 2025-10
**Character Count:** 19309
**Document Hash:** a616976ea9b7867d80f749fd21278a89
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001162044-25-001038.hdr.sgml**: 20251022

**ACCESSION NUMBER**: 0001162044-25-001038

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251022

**DATE AS OF CHANGE**: 20251022

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHQUEST CAPITAL FUND INC
- **CENTRAL INDEX KEY:** 0001142728

**ORGANIZATION NAME:**
- **EIN:** 223772454
- **STATE OF INCORPORATION:** NJ
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10419
- **FILM NUMBER:** 251409184

**BUSINESS ADDRESS:**
- **STREET 1:** 16 RIMWOOD LANE
- **CITY:** COLTS NECK
- **STATE:** NJ
- **ZIP:** 07722
- **BUSINESS PHONE:** 732-842-3465

**MAIL ADDRESS:**
- **STREET 1:** 16 RIMWOOD LANE
- **CITY:** COLTS NECK
- **STATE:** NJ
- **ZIP:** 07722

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NORTHQUEST CAPITAL FUND  INC
- **DATE OF NAME CHANGE:** 20010906

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NORTHPOINT CAPITAL FUND INC
- **DATE OF NAME CHANGE:** 20010615

## Series and Classes Contracts Data

### NORTHQUEST CAPITAL FUND INC (Series ID: S000011589)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000031898 | NORTHQUEST CAPITAL FUND INC | NQCFX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **September 30, 2025 (unaudited)** | **September 30, 2025 (unaudited)** | **September 30, 2025 (unaudited)** |
| **<u>NorthQuest Capital Fund, Inc.</u>** | **<u>NorthQuest Capital Fund, Inc.</u>** | **<u>NorthQuest Capital Fund, Inc.</u>** |
|  | **Shares or Principal** |  |
| **Security Description** |  | **Fair Value ($)(1)** |
| **Common Stocks - 98.88%** | **Common Stocks - 98.88%** | **Common Stocks - 98.88%** |
| **Aerospace & Defense - 1.88%** |  |  |
| GE Aerospace | 600  | 180492  |
| **Computer Communications Equipment - 6.70%** |  |  |
| Arista Networks, Inc. (2) | 4400  | 641124  |
| **Construction Machinery & Equipment - 3.49%** |  |  |
| Caterpillar, Inc. (2) | 700  | 334005  |
| **Electronic Compnents, NEC - 3.79%** |  |  |
| Vertiv Holdings Co. | 2400  | 362064  |
| **Electronic Computers - 6.39%** |  |  |
| Apple, Inc. | 2400  | 611112  |
| **Insurance Agents, Brokers & Services - 6.15%** |  |  |
| Arthur J. Gallagher & Co. | 1900  | 588506  |
| **Miscellaneous Fabricated Metal Products - 4.76%** |  |  |
| Parker-Hannifin Corp.  | 600  | 454890  |
| **Retail-Auto & Home Supply Stores - 5.07%** |  |  |
| O'Reilly Automotive, Inc. (2) | 4500  | 485145  |
| **Retail-Building Materials, Hardware, Garden Supply - 4.34%** |  |  |
| The Sherwin-Williams Co.  | 1200  | 415512  |
| **Retail-Lumber & Other Building Materials Dealers - 4.24%** |  |  |
| The Home Depot, Inc. | 1000  | 405190  |
| **Security & Commodity Brokers, Dealers, Exchanges & Services - 3.88%** |  |  |
| Intercontinental Exchange, Inc.  | 2200  | 370656  |
| **Semiconductors & Related Devices - 10.84%** |  |  |
| Monolithic Power Systems, Inc.  | 700  | 644448  |
| NVIDIA Corp. | 2100  | 391818  |
|  |  | 1036266  |
| **Services-Business Services - 5.35%** |  |  |
| Mastercard, Inc.  | 900  | 511929  |
| **Services-Consumer Credit Reporting, Collection Agencies - 4.07%** |  |  |
| S&P Global, Inc.  | 800  | 389368  |
| **Servies-Prepackaged Software - 14.06%** |  |  |
| Intuit, Inc.  | 600  | 409746  |
| Microsoft Corp.  | 1000  | 517950  |
| Veeva Systems, Inc. | 1400  | 417074  |
|  |  | 1344770  |
| **Software-Infrastructure - 4.40%** |  |  |
| Fortinet, Inc. (2) | 5000  | 420400  |
| **Specialty Industry Machinery - 5.60%** |  |  |
| Lam Research Corp. (2) | 4000  | 535600  |
| **Surgical & Medical Instruments- 3.87%** |  |  |
| Stryker Corp.  | 1000  | 369670  |
| Total Common Stocks | (Cost $4,060,594) | 9456699  |
| **Short-Term Invesments - 1.16%** | **Short-Term Invesments - 1.16%** | **Short-Term Invesments - 1.16%** |
| Huntington Conservative Deposit Account - 4.16% (3) | 111368  | 111368  |
| Total Short Term Investments | (Cost $111,368) | 111368  |
| **Total Investments - 100.04%** | (Cost $4,171,962) | 9568067  |
| Liabilities in Excess of Other Assets - (0.04%) |  | (4718) |
| Total Net Assets - 100.00% |  | 9563349  |
| (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. | (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. | (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. |
| • Level 1 - quoted prices in active markets for identical securities | • Level 1 - quoted prices in active markets for identical securities | • Level 1 - quoted prices in active markets for identical securities |
| • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |
| • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of September 30, 2025 in valuing the Fund's assets carried at fair value: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of September 30, 2025 in valuing the Fund's assets carried at fair value: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of September 30, 2025 in valuing the Fund's assets carried at fair value: |
|  | Investments in  | Other Financial |
| Valuation Inputs | Securities | Instruments |
| Level 1 - Quoted Prices | $9568067  | $- |
| Level 2 - Other Significant Observable Inputs | - | - |
| Level 3 - Significant Unobservable Inputs | - | - |
| Total | $9568067 | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market, such securities are reflected as Level 2. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market, such securities are reflected as Level 2. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market, such securities are reflected as Level 2. |
| (2) Represents non-income producing securities. | (2) Represents non-income producing securities. | (2) Represents non-income producing securities. |
| (3) Variable rate security; the coupon rate shown represents the yield at September 30, 2025. | (3) Variable rate security; the coupon rate shown represents the yield at September 30, 2025. | (3) Variable rate security; the coupon rate shown represents the yield at September 30, 2025. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** NORTHQUEST CAPITAL FUND INC

- **b. Investment Company Act file number:** 811-10419

- **c. CIK number of Registrant:** 0001142728

- **d. LEI of Registrant:** 549300Q7HIUTPQYL3D48

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 16 RIMWOOD LANE

  - **City:** COLTS NECK

  - **State:** NJ

  - **Foreign country:** US

  - **Zip / Postal Code:** 07722

  - **Telephone number:** 732-842-3465

**Item A.2. Information about the Series.**

- **a. Name of Series:** NORTHQUEST CAPITAL FUND INC

- **b. EDGAR series identifier (if any):** S000011589

- **c. LEI of Series:** 549300Q7HIUTPQYL3D48

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $9580866.08

**Total Liabilities:** $17516.66

**Net Assets:** $9563349.43

**Cash Not Reported:** $112018.49

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000031898 | 1.82%                | 1.61%                | 3.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $167929.26                                 |
| Month 2  | $0.00                    | $152100.70                                 |
| Month 3  | $92228.19                | $246196.47                                 |

### Schedule of Portfolio Investments

| Name                            | Title                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Apple, Inc.                     | Apple, Inc.                     | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      2400 | NS      | $611112.00    | 6.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks, Inc.           | Arista Networks, Inc.           | CUSIP: 040413106<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      4400 | NS      | $641124.00    | 6.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J. Gallagher & Co.       | Arthur J. Gallagher & Co.       | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |      1900 | NS      | $588506.00    | 6.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar, Inc.               | Caterpillar, Inc.               | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |       700 | NS      | $334005.00    | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet, Inc.                  | Fortinet, Inc.                  | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      5000 | NS      | $420400.00    | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                    | GE Aerospace                    | CUSIP: 367604301<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       600 | NS      | $180492.00    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange, Inc. | Intercontinental Exchange, Inc. | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      2200 | NS      | $370656.00    | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit, Inc.                    | Intuit, Inc.                    | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       600 | NS      | $409746.00    | 4.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp.              | Lam Research Corp.              | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      4000 | NS      | $535600.00    | 5.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard, Inc.                | Mastercard, Inc.                | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       900 | NS      | $511929.00    | 5.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                 | Microsoft Corp.                 | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      1000 | NS      | $517950.00    | 5.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems, Inc.  | Monolithic Power Systems, Inc.  | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       700 | NS      | $644448.00    | 6.74%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                    | NVIDIA Corp.                    | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      2100 | NS      | $391818.00    | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive, Inc.       | O'Reilly Automotive, Inc.       | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      4500 | NS      | $485145.00    | 5.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.           | Parker-Hannifin Corp.           | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |       600 | NS      | $454890.00    | 4.76%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global, Inc.                | S&P Global, Inc.                | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |       800 | NS      | $389368.00    | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp.                   | Stryker Corp.                   | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      1000 | NS      | $369670.00    | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| The Home Depot, Inc.            | The Home Depot, Inc.            | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      1000 | NS      | $405190.00    | 4.24%             |  |  |  | No            |                  1 | On Loan: No      |
| The Sherwin-Williams Co.        | The Sherwin-Williams Co.        | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      1200 | NS      | $415512.00    | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems, Inc.             | Veeva Systems, Inc.             | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      1400 | NS      | $417074.00    | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co.             | Vertiv Holdings Co.             | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |      2400 | NS      | $362064.00    | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** NORTHQUEST CAPITAL FUND INC

**Signature:** /s/ Peter J. Lencki

**Name of Signer:** Peter J. Lencki

**Title:** President