Noble Wealth Management PBC
Long book
$195.0M
Q1 2026
Positions
580
Top-10 weight
26%
concentration
Last quarter
+7.7%
SPY +14.8%
Turnover
19%
of book per quarter
Strategy in plain words
auto-generated from filingsNoble Wealth Management PBC is a wealth-management firm allocating client money, running a $195.0M US long book across 580 positions.
The portfolio is moderately concentrated (top 10 ≈ 26% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: PIMCO DYNAMIC INCOME FUND, SPDR GOLD SHARES, APPLE INC, FIDELITY ENHANCED INTL ETF, ASA GOLD AND PRECIOUS METALS.
Over the last 5 quarters its long book ran on average 1.5pp per quarter behind the S&P 500, beating the index in 2 of 5 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
Q4 2024
-0.7%
Q1 2025
+5.1%
Q3 2025
+1.7%
Q4 2025
-1.8%
Q1 2026
+7.7%
Sector allocation
Technology 60%
Consumer discretionary 17%
Financials 9%
Services media 5%
Industrials 3%
Healthcare 2%
Utilities 1%
Communications 1%
Long book by quarter
What does Noble Wealth own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 22.8K | $5.8M | 3.0% | -0.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 11.4K | $2.4M | 1.2% | +12.8% |
| NVDA NVIDIA CORP | Technology | 10.5K | $1.8M | 0.9% | +35.4% |
| GOOGL ALPHABET INC-CL A | Technology | 5.3K | $1.5M | 0.8% | -1.2% |
| MSFT MICROSOFT CORP | Technology | 2.3K | $868K | 0.4% | +0.1% |
| WMT WALMART INC | Consumer discretionary | 4.5K | $553K | 0.3% | -1.3% |
| MA MASTERCARD INC - A | Services media | 1.1K | $552K | 0.3% | -1.3% |
| JPM JPMORGAN CHASE & CO | Financials | 1.8K | $543K | 0.3% | -1.0% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 987 | $473K | 0.2% | +1.6% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 5.0K | $465K | 0.2% | -16.5% |