Novak & Powell Financial Services, Inc.
Long book
$185.6M
Q1 2026
Positions
163
Top-10 weight
38%
concentration
Last quarter
+13.2%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsNovak & Powell Financial Services, Inc. is a wealth-management firm allocating client money, running a $185.6M US long book across 163 positions.
The portfolio is moderately concentrated (top 10 ≈ 38% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: INVESCO QQQ TRUST SERIES 1, VANGUARD GROWTH ETF, APPLE INC, VANGUARD LARGE-CAP ETF, SS SPDR S&P 500 ETF TRUST-US.
Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 3 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
+3.3%
Q2 2024
+6.8%
Q3 2024
+0.6%
Q4 2024
-2.5%
Q1 2025
+8.1%
Q2 2025
+7.5%
Q3 2025
+1.9%
Q4 2025
-2.2%
Q1 2026
+13.2%
Sector allocation
Technology 35%
Financials 16%
Healthcare 10%
Industrials 8%
Utilities 7%
Consumer discretionary 7%
Other 5%
Energy 4%
Long book by quarter
What does Novak & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 39.0K | $9.9M | 5.3% | -2.2% |
| MSFT MICROSOFT CORP | Technology | 11.4K | $4.2M | 2.3% | -1.8% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 7.7K | $3.7M | 2.0% | -1.6% |
| NVDA NVIDIA CORP | Technology | 15.8K | $2.8M | 1.5% | -11.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 10.3K | $2.5M | 1.4% | -0.3% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 41.9K | $1.6M | 0.9% | +1.0% |
| JPM JPMORGAN CHASE & CO | Financials | 4.6K | $1.3M | 0.7% | -1.2% |
| PG PROCTER & GAMBLE CO/THE | Other | 9.2K | $1.3M | 0.7% | +3.0% |
| BA BOEING CO/THE | Industrials | 6.0K | $1.2M | 0.6% | -1.6% |
| XOM EXXON MOBIL CORP | Energy | 6.1K | $1.0M | 0.6% | +0.1% |
| AMGN AMGEN INC | Healthcare | 2.8K | $998K | 0.5% | -0.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 4.7K | $981K | 0.5% | -5.7% |
| ECL ECOLAB INC | Other | 3.1K | $836K | 0.5% | 0.0% |
| SCCO SOUTHERN COPPER CORP | Materials | 4.6K | $790K | 0.4% | +0.8% |
| QCOM QUALCOMM INC | Technology | 5.8K | $742K | 0.4% | +0.6% |
| WMT WALMART INC | Consumer discretionary | 5.9K | $738K | 0.4% | +0.1% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 1 | $718K | 0.4% | Held |
| EFX EQUIFAX INC | Services media | 4.0K | $714K | 0.4% | +0.3% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 3.4K | $700K | 0.4% | Held |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 4.1K | $684K | 0.4% | -1.7% |
| MMM 3M CO | Healthcare | 4.5K | $651K | 0.4% | +0.3% |
| TSLA TESLA INC | Industrials | 1.7K | $646K | 0.3% | +5.4% |
| MCD MCDONALD'S CORP | Consumer discretionary | 2.0K | $614K | 0.3% | -4.9% |
| DUK DUKE ENERGY CORP | Utilities | 4.6K | $601K | 0.3% | +0.1% |
| MRK MERCK & CO. INC. | Healthcare | 5.0K | $597K | 0.3% | +1.8% |
| EVRG EVERGY INC | Utilities | 7.2K | $587K | 0.3% | +0.8% |
| STBA S & T BANCORP INC | Financials | 13.8K | $578K | 0.3% | Held |
| SO SOUTHERN CO/THE | Utilities | 5.9K | $572K | 0.3% | Held |
| AMAT APPLIED MATERIALS INC | Technology | 1.6K | $556K | 0.3% | Held |
| NEE NEXTERA ENERGY INC | Utilities | 5.7K | $527K | 0.3% | Held |
| SFL SFL CORP LTD | Industrials | 46.3K | $500K | 0.3% | Held |
| CVX CHEVRON CORP | Energy | 2.4K | $500K | 0.3% | +1.1% |
| DIS WALT DISNEY CO/THE | Services media | 5.1K | $487K | 0.3% | +0.4% |
| CTAS CINTAS CORP | Other | 2.8K | $475K | 0.3% | +0.2% |
| UNH UNITEDHEALTH GROUP INC | Financials | 1.7K | $459K | 0.2% | +4.6% |
| RJF RAYMOND JAMES FINANCIAL INC | Financials | 3.1K | $445K | 0.2% | Held |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 439 | $438K | 0.2% | -1.3% |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 1.3K | $427K | 0.2% | Held |
| EA ELECTRONIC ARTS INC | Technology | 2.1K | $420K | 0.2% | +0.1% |
| TXN TEXAS INSTRUMENTS INC | Technology | 2.1K | $417K | 0.2% | +0.3% |
| GLW CORNING INC | Industrials | 3.0K | $402K | 0.2% | +3.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 164 | $185.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 166 | $191.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 163 | $190.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 146 | $144.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 152 | $160.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 18, 2025 | 152 | $167.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 159 | $172.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 15, 2024 | 161 | $161.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 145 | $133.7M | canonical | SEC ↗ |