NW
Nolet Wealth Management, LLC 13F Filings & Institutional Holdings (Q3 2026)
Nolet Wealth Management, LLCCIK: 0002056656
Momentum followerSector-focusedLong-term holder
Total reported value
$180.6M
Reporting period: 2026-09-30 · Number of holdings: 203
Nolet Wealth Management, LLC disclosed 203 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $180.6M and a quarterly turnover rate of 11.3%.
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Personality snowflake
- Concentration
- 38.38
- Portfolio Stability
- 11.33
- Momentum
- 100
- Sector conviction
- 78.62
- Diversification
- 100
- Sizing Uniformity
- 68.79
Nolet Wealth Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.096 — mathematically equivalent to about 10 equally-sized positions, well below its 203 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 3.12), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 31% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim JMUB
-12.9% -$3.2M
Add DHR
-0.4% $1.3M
Add IVV
-0.2% $1.0M
Add MSFT
+6.7% $972.7K
Trim TLT
-9.9% -$959.3K
Add NVDA
+1.5% $806.5K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 111 holdings (of 203 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 27.88% | +0.66% | -0.16% | |
| 2 | JMUB | Jpmorgan Municipal ETF | ETF-Other | 7.95% | -1.74% | -12.94% | |
| 3 | DHR | Danaher CORP | Stock-Healthcare | 5.38% | +0.75% | -0.36% | |
| 4 | IDEV | Ishares Core Msci Dev Mkts | ETF-Other | 5.00% | +0.04% | -0.00% | |
| 5 | NVDA | Nvidia CORP | Stock-Tech | 3.26% | +0.46% | +1.53% | |
| 6 | IWF | Ishares Russell 1000 Growth | ETF-Other | 2.41% | +0.03% | — | |
| 7 | IVW | Ishares S&p 500 Growth ETF | ETF-Large Cap & Growth | 2.28% | +0.08% | — | |
| 8 | TLT | Ishares 20+ Year Treasury Bd | ETF-Gov Bonds | 2.28% | -0.52% | -9.88% | |
| 9 | AAPL | Apple Inc | Stock-Tech | 2.02% | +0.28% | +1.06% | |
| 10 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 1.96% | -0.13% | — | |
| 11 | IVE | Ishares S&p 500 Value ETF | ETF-Large Cap & Growth | 1.95% | +0.02% | — | |
| 12 | MSFT | Microsoft CORP | Stock-Tech | 1.69% | +0.54% | +6.68% | |
| 13 | IWD | Ishares Russell 1000 Value E | ETF-Other | 1.61% | +0.04% | — | |
| 14 | BBJP | Jpmorgan Betabuilders Japan | ETF-Other | 1.53% | +0.07% | — | |
| 15 | VGIT | Vanguard Intermediate-term T | ETF-Other | 1.35% | -0.15% | -6.76% | |
| 16 | BBEU | Jpmorgan Betabuilders Europe | ETF-Other | 1.27% | -0.03% | — | |
| 17 | JPIE | Jpmorgan Income ETF | ETF-Other | 1.13% | -0.02% | +0.56% | |
| 18 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.09% | +0.14% | +10.17% | |
| 19 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.01% | -0.02% | +1.28% | |
| 20 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 0.92% | -0.02% | — | |
| 21 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 0.91% | -0.08% | — | |
| 22 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.88% | -0.01% | +2.38% | |
| 23 | VLTO | Veralto CORP | Stock-Industrials | 0.83% | +0.08% | +4.52% | |
| 24 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.75% | +0.23% | +11.78% | |
| 25 | JCPB | Jpmorgan Core Plus Bond ETF | ETF-Other | 0.71% | -0.03% | +0.21% | |
| 26 | USRT | Ishares Core US Reit ETF | ETF-Other | 0.65% | -0.05% | +0.84% | |
| 27 | AVGO | Broadcom Inc | Stock-Tech | 0.64% | -0.05% | -0.18% | |
| 28 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.63% | +0.02% | — | |
| 29 | IEI | Ishares 3-7 Year Treasury Bo | ETF-Gov Bonds | 0.63% | -0.14% | -15.81% | |
| 30 | BBCA | Jpmorgan Betabuilders Canada | ETF-Other | 0.62% | +0.01% | — | |
| 31 | BBHY | Jpmorgan Betabuilders Usd Hi | ETF-Other | 0.55% | -0.05% | -4.28% | |
| 32 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.54% | +0.02% | +2.18% | |
| 33 | AMD | Advanced Micro Devices | Stock-Tech | 0.53% | +0.03% | +0.25% | |
| 34 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.49% | +0.01% | — | |
| 35 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.48% | -0.03% | -2.86% | |
| 36 | KLAC | Kla CORP | Stock-Tech | 0.45% | -0.25% | -0.05% | |
| 37 | XLF | Ss Financial Select Sector | ETF-Other | 0.45% | — | — | |
| 38 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 0.44% | -0.01% | — | |
| 39 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.44% | -0.02% | -1.72% | |
| 40 | MU | Micron Technology Inc | Stock-Tech | 0.41% | -0.03% | +1.89% | |
| 41 | VO | Vanguard Mid-cap ETF | ETF-Other | 0.39% | -0.01% | — | |
| 42 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.39% | +0.03% | +2.87% | |
| 43 | ✓ | Stock-Other | 0.39% | +0.39% | NEW | ||
| 44 | FTV | Fortive CORP | Stock-Tech | 0.38% | — | +9.47% | |
| 45 | MRVL | Marvell Technology Inc | Stock-Tech | 0.38% | -0.07% | -6.97% | |
| 46 | BBAX | Jpmorgan Betabuilders Develo | ETF-Other | 0.36% | +0.01% | — | |
| 47 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.35% | +0.01% | +1.85% | |
| 48 | LRCX | Lam Research CORP | Stock-Tech | 0.33% | -0.10% | +0.56% | |
| 49 | COMT | Ishares Gsci Commodity Dynam | ETF-Commodities | 0.32% | +0.06% | +2.50% | |
| 50 | PANW | Palo Alto Networks Inc | Stock-Tech | 0.31% | +0.04% | +0.14% |
1–50 of 111
Portfolio Performance
Performance for Q4 2026
+2.2%
Performance Last 4 Quarters
+6.5%
- Stdev
- +10.6%
- Beta
- +0.64
- Alpha
- -2.7%
- Max Drawdown
- -0.6%
- Annualized Perf
- +9.8%
- Batting Avg vs S&P
- +25%
- Sortino
- +1.81
- Stutzer
- +0.29
- Treynor
- +0.15
- Sterling
- —
- Calmar
- +16.3
- Information Ratio
- -1.59
- Tracking Error
- +6.1%
- Stdev Down
- +5.5%
- Winning Months %
- +50%
- Losing Months %
- +50%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.38
- Sharpe
- +0.94
- Stdev Sectors
- +13%
- Skewness
- 0
- Kurtosis
- -0.18
- Upside Potential
- +3.24
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Nolet Wealth Management, LLC's most significant position changes for 2026-09-30: New buy: ; Sold out: Exxon Mobil CORP (XOM); Sold out: Jpmorgan Ultra-short Income (JPST); New buy: Netflix Inc (NFLX); Sold out: Western Digital CORP (WDC).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | DHR | Danaher CORP | +0.8% | -0.36% | Trim |
| 2 | IVV | Ishares Core S&p 500 ETF | +0.7% | -0.16% | Trim |
| 3 | MSFT | Microsoft CORP | +0.5% | +6.68% | Add |
| 4 | NVDA | Nvidia CORP | +0.5% | +1.53% | Add |
| 5 | ✓ | +0.4% | NEW | New buy | |
| 6 | AAPL | Apple Inc | +0.3% | +1.06% | Add |
| 7 | META | Meta Platforms Inc-class A | +0.2% | +11.78% | Add |
| 8 | NFLX | Netflix Inc | +0.2% | NEW | New buy |
| 9 | TMO | Thermo Fisher Scientific Inc | +0.1% | NEW | New buy |
| 10 | IEF | Ishares 7-10 Year Treasury B | +0.1% | NEW | New buy |
| 11 | AMZN | Amazon.com Inc | +0.1% | +10.17% | Add |
| 12 | ANET | Arista Networks Inc | +0.1% | NEW | New buy |
| 13 | SFNC | Simmons First Natl Corp-cl A | +0.1% | NEW | New buy |
| 14 | BR | Broadridge Financial Solutio | +0.1% | NEW | New buy |
| 15 | BABA | Alibaba Group Holding-sp Adr | +0.1% | NEW | New buy |
| 16 | BLK | Blackrock Inc | +0.1% | NEW | New buy |
| 17 | SAP | Sap Se-sponsored Adr | +0.1% | +26.05% | Add |
| 18 | VLTO | Veralto CORP | +0.1% | +4.52% | Add |
| 19 | IVW | Ishares S&p 500 Growth ETF | +0.1% | — | Unchanged |
| 20 | BBJP | Jpmorgan Betabuilders Japan | +0.1% | — | Unchanged |
| 21 | COMT | Ishares Gsci Commodity Dynam | +0.1% | +2.50% | Add |
| 22 | SHEL | Shell Plc-adr | +0.1% | +14.03% | Add |
| 23 | CVX | Chevron CORP | +0.1% | +0.78% | Add |
| 24 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | +299.42% | Add |
| 25 | PANW | Palo Alto Networks Inc | 0% | +0.14% | Add |
| 26 | ADT | Adt Inc | 0% | NEW | New buy |
| 27 | IWD | Ishares Russell 1000 Value E | 0% | — | Unchanged |
| 28 | SPSC | Sps Commerce Inc | 0% | -9.70% | Trim |
| 29 | ICE | Intercontinental Exchange In | 0% | — | Unchanged |
| 30 | IDEV | Ishares Core Msci Dev Mkts | 0% | -0.00% | Trim |
| 31 | AMD | Advanced Micro Devices | 0% | +0.25% | Add |
| 32 | MA | Mastercard Inc - A | 0% | +4.26% | Add |
| 33 | JNJ | Johnson & Johnson | 0% | +2.87% | Add |
| 34 | V | Visa Inc-class A Shares | 0% | +7.82% | Add |
| 35 | IWF | Ishares Russell 1000 Growth | 0% | — | Unchanged |
| 36 | VNT | Vontier CORP | 0% | +5.81% | Add |
| 37 | JPM | Jpmorgan Chase & Co | 0% | +2.18% | Add |
| 38 | MRK | Merck & Co. Inc. | 0% | — | Unchanged |
| 39 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | — | Unchanged |
| 40 | ABBV | Abbvie Inc | 0% | -0.05% | Trim |
| 41 | IVE | Ishares S&p 500 Value ETF | 0% | — | Unchanged |
| 42 | COTY | Coty Inc-cl A | 0% | — | Unchanged |
| 43 | PM | Philip Morris International | 0% | — | Unchanged |
| 44 | GUNR | Flexshares Global Upstream N | 0% | — | Unchanged |
| 45 | BBAX | Jpmorgan Betabuilders Develo | 0% | — | Unchanged |
| 46 | IAU | Ishares Gold Trust | 0% | +1.52% | Add |
| 47 | BBCA | Jpmorgan Betabuilders Canada | 0% | — | Unchanged |
| 48 | SAN | Banco Santander Sa-spon Adr | 0% | +5.51% | Add |
| 49 | VTI | Vanguard Total Stock Mkt ETF | 0% | — | Unchanged |
| 50 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | +1.85% | Add |
1–50 of 122
Filing History
FAQ
What is Nolet Wealth Management, LLC and what type of investor is it?
Nolet Wealth Management, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $180.6M, spread across 203 disclosed positions.
What are Nolet Wealth Management, LLC's largest equity positions?
Based on the latest 13F filing, Nolet Wealth Management, LLC's top holdings by market value are:
1. Ishares Core S&p 500 ETF (IVV) — $50.3M (27.9%)
2. Jpmorgan Municipal ETF (JMUB) — $14.4M (8.0%)
3. Danaher CORP (DHR) — $9.7M (5.4%)
4. Ishares Core Msci Dev Mkts (IDEV) — $9.0M (5.0%)
5. Nvidia CORP (NVDA) — $5.9M (3.3%)
What changes did Nolet Wealth Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, Nolet Wealth Management, LLC made 89 notable position adjustments: 10 new positions were initiated, 43 existing holdings were added to, 25 positions were partially reduced, and 11 were completely exited. The largest of these moves: New buy: ; Sold out: Exxon Mobil CORP (XOM); Sold out: Jpmorgan Ultra-short Income (JPST); New buy: Netflix Inc (NFLX); Sold out: Western Digital CORP (WDC)
What sectors does Nolet Wealth Management, LLC focus on?
Nolet Wealth Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 43.0%
• Health Care: 23.4%
• Communication Services: 9.1%
• Financials: 7.9%
• Consumer Discretionary: 6.2%
• Industrials: 4.8%
Investment Profile
Nolet Wealth Management, LLC returned an annualized 9.8% over the trailing 8 months — underperforming the S&P 500 by 2.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.64 (less volatile than the market) and a 25% quarterly batting average against the index.
Its portfolio is moderately concentrated and long-term-holding, with 43.0% of the portfolio concentrated in Information Technology.
It has added to its IVV position over the past two quarters (+$7.0M, now $50.3M), while trimming TLT over the same stretch (-$11.1M, still holding $4.1M).
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