NOVARE CAPITAL MANAGEMENT LLC
Long book
$1.26B
Q1 2026
Positions
195
Top-10 weight
34%
concentration
Last quarter
+12.3%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsNOVARE CAPITAL MANAGEMENT LLC is an institutional manager, running a $1.26B US long book across 195 positions.
The portfolio is moderately concentrated (top 10 ≈ 34% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, APPLE INC, ISHARES CORE S&P 500 ETF, MICROSOFT CORP, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.6%
Q2 2024
+6.8%
Q3 2024
+1.0%
Q4 2024
-3.1%
Q1 2025
+7.4%
Q2 2025
+7.0%
Q3 2025
+3.2%
Q4 2025
-3.2%
Q1 2026
+12.3%
Sector allocation
Technology 37%
Financials 13%
Consumer discretionary 13%
Industrials 13%
Healthcare 11%
Services media 4%
Other 4%
Energy 2%
Long book by quarter
What does NOVARE CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 224.8K | $57.0M | 4.5% | -1.3% |
| MSFT MICROSOFT CORP | Technology | 119.5K | $44.2M | 3.5% | -0.2% |
| GOOGL ALPHABET INC-CL A | Technology | 149.2K | $42.9M | 3.4% | -12.9% |
| WMT WALMART INC | Consumer discretionary | 311.3K | $38.7M | 3.1% | -7.6% |
| NVDA NVIDIA CORP | Technology | 215.1K | $37.5M | 3.0% | -3.3% |
| AVGO BROADCOM INC | Technology | 110.3K | $34.2M | 2.7% | -16.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 115.1K | $28.1M | 2.2% | -4.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 132.7K | $27.6M | 2.2% | -1.7% |
| EMR EMERSON ELECTRIC CO | Industrials | 187.5K | $24.6M | 1.9% | -2.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 47.6K | $22.8M | 1.8% | -4.3% |
| JPM JPMORGAN CHASE & CO | Financials | 76.2K | $22.4M | 1.8% | -4.4% |
| V VISA INC-CLASS A SHARES | Services media | 66.2K | $20.0M | 1.6% | +16.6% |
| RTX RTX CORP | Industrials | 97.3K | $18.8M | 1.5% | -6.3% |
| CMI CUMMINS INC | Industrials | 31.2K | $16.8M | 1.3% | -8.6% |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 138.3K | $16.4M | 1.3% | -3.0% |
| TJX TJX COMPANIES INC | Consumer discretionary | 94.7K | $15.1M | 1.2% | -5.1% |
| CSCO CISCO SYSTEMS INC | Technology | 191.6K | $14.9M | 1.2% | -1.6% |
| UNH UNITEDHEALTH GROUP INC | Financials | 54.7K | $14.8M | 1.2% | -3.8% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 42.2K | $14.6M | 1.2% | -3.2% |
| AME AMETEK INC | Technology | 66.4K | $14.2M | 1.1% | -5.3% |
| CHRW C.H. ROBINSON WORLDWIDE INC | Industrials | 82.3K | $13.7M | 1.1% | -7.0% |
| MRK MERCK & CO. INC. | Healthcare | 110.5K | $13.3M | 1.1% | -2.3% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 256.9K | $12.9M | 1.0% | -41.4% |
| META META PLATFORMS INC-CLASS A | Technology | 22.3K | $12.8M | 1.0% | +3.3% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 55.7K | $12.6M | 1.0% | -3.9% |
| ABBV ABBVIE INC | Healthcare | 57.1K | $12.4M | 1.0% | +0.4% |
| CVX CHEVRON CORP | Energy | 59.9K | $12.4M | 1.0% | -4.4% |
| SYK STRYKER CORP | Healthcare | 37.1K | $12.2M | 1.0% | -3.9% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 24.7K | $12.2M | 1.0% | -2.5% |
| CSX CSX CORP | Industrials | 295.7K | $12.1M | 1.0% | -1.1% |
| ROP ROPER TECHNOLOGIES INC | Technology | 33.3K | $11.8M | 0.9% | -13.1% |
| AMP AMERIPRISE FINANCIAL INC | Financials | 26.0K | $11.6M | 0.9% | +1.7% |
| LOW LOWE'S COS INC | Consumer discretionary | 48.8K | $11.5M | 0.9% | +1.3% |
| HD HOME DEPOT INC | Consumer discretionary | 33.4K | $11.0M | 0.9% | -2.6% |
| ABT ABBOTT LABORATORIES | Healthcare | 105.8K | $10.9M | 0.9% | +1.4% |
| TXN TEXAS INSTRUMENTS INC | Technology | 55.4K | $10.8M | 0.9% | +0.6% |
| CSL CARLISLE COS INC | Other | 30.9K | $10.3M | 0.8% | +5.5% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 64.6K | $10.2M | 0.8% | -3.5% |
| NEE NEXTERA ENERGY INC | Utilities | 106.5K | $9.9M | 0.8% | -4.7% |
| BAC BANK OF AMERICA CORP | Financials | 189.5K | $9.2M | 0.7% | -4.6% |
| LLY ELI LILLY & CO | Healthcare | 9.9K | $9.1M | 0.7% | +93.8% |
| PEP PEPSICO INC | Consumer staples | 56.2K | $8.7M | 0.7% | -9.2% |
| MCHP MICROCHIP TECHNOLOGY INC | Technology | 129.8K | $8.4M | 0.7% | +1.0% |
| TSLA TESLA INC | Industrials | 19.0K | $7.1M | 0.6% | +5.2% |
| BR BROADRIDGE FINANCIAL SOLUTIO | Services media | 41.6K | $6.8M | 0.5% | New |
| UBER UBER TECHNOLOGIES INC | Services media | 77.9K | $5.6M | 0.4% | +1152.9% |
| ZTS ZOETIS INC | Healthcare | 39.8K | $4.7M | 0.4% | +3.1% |
| FDUS FIDUS INVESTMENT CORP | — | 206.1K | $3.6M | 0.3% | +0.6% |
| VRT VERTIV HOLDINGS CO-A | Technology | 13.0K | $3.2M | 0.3% | -11.3% |
| CGBD CARLYLE SECURED LENDING INC | — | 251.4K | $2.8M | 0.2% | +4.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 17, 2026 | 195 | $1.26B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 195 | $1.33B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 3, 2025 | 193 | $1.31B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 29, 2025 | 197 | $1.23B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 29, 2025 | 188 | $1.14B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 21, 2025 | 186 | $1.19B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 11, 2024 | 191 | $1.18B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 2, 2024 | 187 | $1.11B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 6, 2024 | 110667 | $183 | canonical | SEC ↗ |
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