NOVEM GROUP
Long book
$869.7M
Q1 2026
Positions
424
Top-10 weight
26%
concentration
Last quarter
+9.8%
SPY +14.8%
Turnover
18%
of book per quarter
Strategy in plain words
auto-generated from filingsNOVEM GROUP is a wealth-management firm allocating client money, running a $869.7M US long book across 424 positions.
The portfolio is moderately concentrated (top 10 ≈ 26% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: SCHWAB US LARGE-CAP GROWTH, PIMCO ENHANCED SHORT MATURIT, STE STR SPDR PT S&P 500 ETF, FIDELITY FNDMNTL L/C COR ETF, PIMCO ACTIVE BOND EXCHANGE-T.
Over the last 6 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 2 of 6 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
-1.6%
Q1 2025
+7.2%
Q2 2025
+6.3%
Q3 2025
+2.2%
Q4 2025
-1.2%
Q1 2026
+9.8%
Sector allocation
Technology 27%
Financials 16%
Industrials 14%
Healthcare 12%
Consumer discretionary 8%
Energy 7%
Services media 6%
Other 4%
Long book by quarter
What does NOVEM GROUP own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 58.2K | $14.8M | 1.7% | -0.7% |
| WMT WALMART INC | Consumer discretionary | 65.1K | $8.1M | 0.9% | +0.8% |
| COP CONOCOPHILLIPS | Energy | 58.9K | $7.8M | 0.9% | +1.7% |
| AVGO BROADCOM INC | Technology | 24.4K | $7.6M | 0.9% | +6.8% |
| JPM JPMORGAN CHASE & CO | Financials | 20.9K | $6.1M | 0.7% | +0.5% |
| NVDA NVIDIA CORP | Technology | 34.3K | $6.0M | 0.7% | -0.1% |
| MSFT MICROSOFT CORP | Technology | 15.9K | $5.9M | 0.7% | +18.5% |
| MRK MERCK & CO. INC. | Healthcare | 48.2K | $5.8M | 0.7% | -1.6% |
| AMGN AMGEN INC | Healthcare | 14.6K | $5.1M | 0.6% | +4.6% |
| ALL ALLSTATE CORP | Financials | 22.1K | $4.6M | 0.5% | +4.3% |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 34.2K | $4.5M | 0.5% | +1.1% |
| TGT TARGET CORP | Consumer discretionary | 35.6K | $4.3M | 0.5% | +2.5% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 19.9K | $4.1M | 0.5% | -0.1% |
| NXPI NXP SEMICONDUCTORS NV | Technology | 20.2K | $4.0M | 0.5% | +5.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 8.1K | $3.9M | 0.4% | -2.8% |
| PEP PEPSICO INC | Consumer staples | 24.8K | $3.8M | 0.4% | +3.6% |
| QCOM QUALCOMM INC | Technology | 28.3K | $3.6M | 0.4% | +7.9% |
| EMR EMERSON ELECTRIC CO | Industrials | 27.3K | $3.6M | 0.4% | +2.9% |
| MDT MEDTRONIC PLC | Healthcare | 39.6K | $3.4M | 0.4% | +1.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 13.6K | $2.8M | 0.3% | +9.2% |
| V VISA INC-CLASS A SHARES | Services media | 8.8K | $2.7M | 0.3% | -2.4% |
| XOM EXXON MOBIL CORP | Energy | 15.4K | $2.6M | 0.3% | -1.9% |
| META META PLATFORMS INC-CLASS A | Technology | 4.6K | $2.6M | 0.3% | -8.3% |
| GOOGL ALPHABET INC-CL A | Technology | 9.0K | $2.6M | 0.3% | -3.6% |
| MA MASTERCARD INC - A | Services media | 4.7K | $2.3M | 0.3% | +2.8% |
| GOOG ALPHABET INC-CL C | Technology | 7.7K | $2.2M | 0.3% | +0.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 9.1K | $2.2M | 0.3% | +4.3% |
| NFLX NETFLIX INC | Services media | 22.5K | $2.2M | 0.2% | +0.4% |
| KLAC KLA CORP | Other | 1.5K | $2.2M | 0.2% | +0.6% |
| AMAT APPLIED MATERIALS INC | Technology | 6.1K | $2.1M | 0.2% | +5.3% |
| CSCO CISCO SYSTEMS INC | Technology | 26.6K | $2.1M | 0.2% | +1.2% |
| RTX RTX CORP | Industrials | 10.6K | $2.1M | 0.2% | +0.5% |
| ABBV ABBVIE INC | Healthcare | 8.8K | $1.9M | 0.2% | -0.9% |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 38.9K | $1.9M | 0.2% | +3.5% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 7.5K | $1.8M | 0.2% | +10.5% |
| LRCX LAM RESEARCH CORP | Industrials | 8.3K | $1.8M | 0.2% | +7.4% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 1.2K | $1.6M | 0.2% | -0.2% |
| LLY ELI LILLY & CO | Healthcare | 1.7K | $1.6M | 0.2% | +12.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 13, 2026 | 920 | $873.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 27, 2026 | 905 | $869.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 920 | $854.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 16, 2025 | 909 | $793.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 28, 2025 | 711 | $712.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 18, 2025 | 542 | $686.4M | canonical | SEC ↗ |