NCM Capital Management, LLC
Long book
$279.3M
Q1 2026
Positions
185
Top-10 weight
37%
concentration
Last quarter
+11.2%
SPY +14.8%
Turnover
6%
of book per quarter
Strategy in plain words
auto-generated from filingsNCM Capital Management, LLC is a wealth-management firm allocating client money, running a $279.3M US long book across 185 positions.
The portfolio is moderately concentrated (top 10 ≈ 37% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, TEXAS PACIFIC LAND CORP, AMPLIFY CWP ENHAN DIVID ETF, AVANTIS US SMALL CAP VALUE, JPMORGAN EQUITY PREMIUM INCO.
Over the last 9 quarters its long book ran on average 0.2pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+4.4%
Q2 2024
+6.5%
Q3 2024
+1.3%
Q4 2024
-1.4%
Q1 2025
+7.5%
Q2 2025
+7.7%
Q3 2025
+3.0%
Q4 2025
+2.0%
Q1 2026
+11.2%
Sector allocation
Technology 38%
Financials 20%
Healthcare 12%
Industrials 11%
Consumer discretionary 6%
Energy 3%
Other 3%
Utilities 3%
Long book by quarter
What does NCM Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 129.8K | $22.6M | 8.1% | -1.8% |
| TPL TEXAS PACIFIC LAND CORP | Financials | 29.7K | $14.1M | 5.0% | -1.9% |
| AAPL APPLE INC | Technology | 27.2K | $6.9M | 2.5% | +0.5% |
| JPM JPMORGAN CHASE & CO | Financials | 21.5K | $6.3M | 2.3% | -0.9% |
| MSFT MICROSOFT CORP | Technology | 17.0K | $6.3M | 2.3% | +3.2% |
| GOOGL ALPHABET INC-CL A | Technology | 18.6K | $5.3M | 1.9% | +1.9% |
| XOM EXXON MOBIL CORP | Energy | 16.2K | $2.7M | 1.0% | -7.3% |
| LLY ELI LILLY & CO | Healthcare | 2.9K | $2.7M | 1.0% | -5.6% |
| MMM 3M CO | Healthcare | 16.4K | $2.4M | 0.9% | +6.8% |
| GEV GE VERNOVA INC | Industrials | 2.5K | $2.2M | 0.8% | +12.0% |
| MRK MERCK & CO. INC. | Healthcare | 17.4K | $2.1M | 0.7% | -3.4% |
| NEE NEXTERA ENERGY INC | Utilities | 21.0K | $1.9M | 0.7% | 0.0% |
| HD HOME DEPOT INC | Consumer discretionary | 5.9K | $1.9M | 0.7% | Held |
| GLW CORNING INC | Industrials | 13.2K | $1.8M | 0.6% | -5.4% |
| ETN EATON CORP PLC | Industrials | 5.0K | $1.8M | 0.6% | -1.4% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 33.2K | $1.7M | 0.6% | -0.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 7.9K | $1.7M | 0.6% | -0.4% |
| ABBV ABBVIE INC | Healthcare | 7.5K | $1.6M | 0.6% | Held |
| AMD ADVANCED MICRO DEVICES | Technology | 7.7K | $1.6M | 0.6% | Held |
| CVX CHEVRON CORP | Energy | 7.4K | $1.5M | 0.5% | -1.0% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 6.1K | $1.5M | 0.5% | +3.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 6.0K | $1.5M | 0.5% | 0.0% |
| CAT CATERPILLAR INC | Industrials | 2.0K | $1.4M | 0.5% | Held |
| MS MORGAN STANLEY | Financials | 8.6K | $1.4M | 0.5% | -2.6% |
| INTC INTEL CORP | Technology | 31.6K | $1.4M | 0.5% | -1.5% |
| BAC BANK OF AMERICA CORP | Financials | 28.5K | $1.4M | 0.5% | -3.0% |
| GILD GILEAD SCIENCES INC | Healthcare | 9.9K | $1.4M | 0.5% | -0.5% |
| PEP PEPSICO INC | Consumer staples | 8.2K | $1.3M | 0.5% | -0.5% |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 9.6K | $1.3M | 0.5% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 8.7K | $1.3M | 0.4% | +13.1% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 18.7K | $1.1M | 0.4% | -5.0% |
| QCOM QUALCOMM INC | Technology | 8.8K | $1.1M | 0.4% | -0.4% |
| MCD MCDONALD'S CORP | Consumer discretionary | 3.5K | $1.1M | 0.4% | 0.0% |
| LMT LOCKHEED MARTIN CORP | Industrials | 1.6K | $994K | 0.4% | -0.4% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 4.4K | $989K | 0.4% | -10.2% |
| RTX RTX CORP | Industrials | 5.0K | $968K | 0.3% | -18.3% |
| WMT WALMART INC | Consumer discretionary | 7.6K | $944K | 0.3% | Held |
| T86 TRI POINTE HOMES INC | — | 20.1K | $939K | 0.3% | Held |
| MU MICRON TECHNOLOGY INC | Technology | 2.8K | $929K | 0.3% | Held |
| BX BLACKSTONE INC | Financials | 7.3K | $842K | 0.3% | +12.3% |
| AMGN AMGEN INC | Healthcare | 2.3K | $822K | 0.3% | -0.6% |
| BA BOEING CO/THE | Industrials | 3.9K | $773K | 0.3% | -0.6% |
| GOOG ALPHABET INC-CL C | Technology | 2.7K | $769K | 0.3% | Held |
| NKE NIKE INC -CL B | Other | 14.5K | $768K | 0.3% | -0.7% |
| DIS WALT DISNEY CO/THE | Services media | 7.9K | $759K | 0.3% | -3.8% |
| WM WASTE MANAGEMENT INC | Utilities | 3.3K | $753K | 0.3% | -5.0% |
| PFE PFIZER INC | Healthcare | 26.7K | $750K | 0.3% | 0.0% |
| WRB WR BERKLEY CORP | Financials | 11.3K | $746K | 0.3% | Held |
| GM GENERAL MOTORS CO | Industrials | 9.9K | $739K | 0.3% | +0.6% |
| CVS CVS HEALTH CORP | Healthcare | 9.7K | $699K | 0.3% | 0.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 185 | $279.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Mar 2, 2026 | 175 | $269.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 183 | $257.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 177 | $243.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 171 | $222.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 18, 2025 | 170 | $221.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 165 | $208.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 160 | $190.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 160 | $179.4M | canonical | SEC ↗ |