Northcrest Asset Management Q2 2026 Portfolio Activity: Major Purchases & Sales Observed

As part of our ongoing analysis of institutional investor portfolios, we examined the latest filing from Northcrest Asset Management, LLC dated 2026-06-30. This report details observable purchases and sales during this quarter based on the provided data.

Prominent Purchases Observed in Q2 2026

Northcrest Asset Management, LLC demonstrated significant buying activity across several holdings. The most notable purchase was a substantial increase in shares of Apple Inc (AAPL), which saw its share count rise by 21.15% and its portfolio allocation weight increase to 3.82%. This suggests renewed confidence or strategic realignment towards the tech giant.

Concurrently, there was a significant build-up in NVIDIA Corporation (NVDA), with its portfolio weight climbing to 5.47% and share count increasing by approximately 7.6%. The investor also showed strong interest in the Technology sector overall, as evidenced by their substantial additions to various holdings.

Turning towards Exchange-Traded Funds (ETFs), Northcrest significantly boosted positions in Vanguard Total Stock Market ETF (VGT), increasing its allocation by 0.24 percentage points, and SPDR Portfolio Small Cap Core Equity ETF (SPLG) with a portfolio_percentage_allocation jump to 0.27%. Similarly, they increased exposure in the SPDR fund for Mid-Cap stocks (SPMD) to 0.27% and added a new position in ProShares Trust (NOBL) at 0.2% allocation.

Significant Sales and Reductions

The investor's portfolio also reflected notable selling activity during the quarter. The most significant reduction was observed in Astrana Health Inc (ASTH), a Healthcare stock, where they sold shares resultinging in an almost complete elimination of this holding from their portfolio with a -95.14% change in weight.

Additionally, Northcrest disposed of the Consumer Defensive ETF position (CAG), reducing its allocation to 0.01%. This indicates a potential shift away from defensive consumer sectors at this time.

New Position Creation and Minor Adjustments

While the focus was on Technology, Northcrest also initiated new positions in several ETFs during Q2. These include SPDR Portfolio Small Cap Core Equity (SPLG), increasing its allocation to 0.27%, and the SPMD fund, also reaching a new allocation of 0.27%. Furthermore, they added exposure to ProShares TR (NOBL) at 0.2%.

In contrast, some holdings saw minor reductions or percentage changes below the threshold for major discussion. For instance, they sold a small amount of shares in Palo Alto Networks Inc (PANW) and reduced their position in Optimum Communications (ATUS). Holdings like Alps ETF Trust (SMTH) and Dimensional ETF Trust (DFAT) also saw percentage increases, but their overall impact was limited.

No Activity Disclosed for Certain Categories

The provided data does not indicate any purchases or sales activity in specific categories outside of the ones observed. There is no disclosed information regarding holdings changes in sectors like Utilities or Real Estate Investment Trusts (REITs) during this period.

Summary and Key Observations

This quarter's filing from Northcrest Asset Management reveals a continued focus on major Technology names, particularly Apple (AAPL) and NVIDIA (NVDA), alongside strategic additions to specific ETFs. The significant reduction in the Healthcare holding ASTH stands out, while exits from other small positions like CAG were less pronounced. Overall portfolio turnover appears high based on the position changes observed.