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About Northlake

Northlake Capital Management, LLC is a registered investment advisor offering investment advisory services to high net worth individuals and their affiliated entities. Northlake specializes in the management of equity portfolios using exchange traded funds (ETFs) and individual stocks. We build and manage conservative, balanced, or aggressive growth client portfolios depending on individual investment goals and risk tolerance. …more

What We Do

Northlake Capital Management founder Steve Birenberg has spent his entire 32 year investment management career serving high-net-worth individual investors and managing their related retirement and charitable accounts. Until the second half of the 1990s, professional investors had an edge due to good analysis and access to sources of information that weren’t widely available to individual investors. …more

Recent Media Talk Posts

Shifting to Large Cap and Growth to Finish 2025

The December update to Northlake’s Market Cap and Style models sees new recommendations for both models. After five months recommending mid cap, the Market Cap model shifted to large cap. After four months at neutral the Style model changed…
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NL EPS Part Two: NXST, SONY, DIS, HD, and WMT

Nexstar (NXST): NXST posted a mixed quarter that keeps the 2026 election tailwind in play while 2025 still looks softer. Revenue was on target, but earnings fell short as political dollars fell, equity income from Food Network eased, and a one-time…

Models Stable for November

Northlake’s models continue to favor mid cap and remain neutral on growth vs. value. The models recommendations and underlying factors reflect an outlook for good market breadth and continued moderate economic growth. This outlook is consistent…
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3Q25 Earnings Updates: Part One – IBM, TMUS, META, GOOG, LLY, VICI, and AAPL

IBM (IBM): IBM is growing again and the long-term setup looks better, but the stock’s run has lifted expectations. The focus now is on Software turning strong orders into recognized revenue, and on AI showing up clearly in earnings, with Red…