CIK: 0001388409
Total reported value
$1.3B
Reporting period: 2026-03-31 · Number of holdings: 195
NOVARE CAPITAL MANAGEMENT LLC disclosed 195 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.3B and a quarterly turnover rate of 20.5%.
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Novare Capital Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.019 — mathematically equivalent to about 52 equally-sized positions, well below its 195 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 1.66), 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 50% 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.
Add XLK
+82.5% $12.4M
Trim MSFT
-0.2% -$13.7M
Add IGV
+971.4% $9.9M
Trim MOAT
-93.1% -$10.3M
Trim AVGO
-16.8% -$11.7M
Add VIG
+432.7% $8.7M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 5.38% | -0.31% | -6.12% | |
| 2 | AAPL | Apple INC | Stock-Tech | 4.52% | -0.12% | -1.27% | |
| 3 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 3.71% | +0.05% | +0.42% | |
| 4 | MSFT | Microsoft CORP | Stock-Tech | 3.51% | -0.83% | -0.21% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.40% | -0.62% | -12.94% | |
| 6 | WMT | Walmart INC | Stock-Consumer Staples | 3.07% | +0.26% | -7.56% | |
| 7 | NVDA | Nvidia CORP | Stock-Tech | 2.97% | -0.14% | -3.26% | |
| 8 | AVGO | Broadcom INC | Stock-Tech | 2.71% | -0.73% | -16.77% | |
| 9 | VSLU | Applied Finance Valuat ETF | ETF-Other | 2.66% | -0.05% | -1.45% | |
| 10 | XLK | Ss Technology Select Sector | ETF-Tech | 2.42% | +1.06% | +82.54% | |
| 11 | JNJ | Johnson & Johnson | Stock-Healthcare | 2.23% | +0.37% | -4.01% | |
| 12 | AMZN | Amazon.com INC | Stock-Consumer Disc | 2.19% | -0.14% | -1.73% | |
| 13 | EMR | Emerson Electric Co | Stock-Industrials | 1.95% | — | -2.27% | |
| 14 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.81% | -0.06% | -4.33% | |
| 15 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.78% | -0.15% | -4.40% | |
| 16 | V | Visa Inc-class A Shares | Stock-Financials | 1.59% | — | +16.62% | |
| 17 | RTX | Rtx CORP | Stock-Industrials | 1.49% | — | -6.32% | |
| 18 | CMI | Cummins INC | Stock-Industrials | 1.33% | — | -8.55% | |
| 19 | BNY | Bank Of New York Mellon CORP | Stock-Financials | 1.30% | — | -3.02% | |
| 20 | XLY | Ss Consumer Disc Select Sect | ETF-Other | 1.22% | -0.07% | -2.20% | |
| 21 | TJX | Tjx Companies INC | Stock-Consumer Disc | 1.20% | — | -5.09% | |
| 22 | CSCO | Cisco Systems INC | Stock-Tech | 1.18% | — | -1.59% | |
| 23 | UNH | Unitedhealth Group INC | Stock-Healthcare | 1.17% | -0.24% | -3.79% | |
| 24 | LHX | L3harris Technologies INC | Stock-Industrials | 1.15% | +0.19% | -3.23% | |
| 25 | AME | Ametek INC | Stock-Industrials | 1.13% | — | -5.33% | |
| 26 | CHRW | C.h. Robinson Worldwide INC | Stock-Industrials | 1.08% | — | -6.97% | |
| 27 | GSLC | Goldman Activebeta US Lc ETF | ETF-Commodities | 1.06% | — | -1.37% | |
| 28 | MRK | Merck & Co. INC. | Stock-Healthcare | 1.05% | +0.16% | -2.32% | |
| 29 | AMLP | Alerian Mlp ETF | ETF-Other | 1.03% | +0.16% | +0.12% | |
| 30 | VZ | Verizon Communications INC | Stock-Comm Services | 1.02% | -0.32% | -41.43% | |
| 31 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.01% | -0.06% | +3.34% | |
| 32 | HON | Honeywell International INC | Stock-Industrials | 1.00% | +0.15% | -3.95% | |
| 33 | ABBV | Abbvie INC | Stock-Healthcare | 0.98% | — | +0.45% | |
| 34 | CVX | Chevron CORP | Stock-Energy | 0.98% | +0.26% | -4.39% | |
| 35 | SYK | Stryker CORP | Stock-Healthcare | 0.97% | -0.05% | -3.88% | |
| 36 | TMO | Thermo Fisher Scientific INC | Stock-Healthcare | 0.96% | -0.14% | -2.51% | |
| 37 | CSX | Csx CORP | Stock-Industrials | 0.96% | +0.15% | -1.06% | |
| 38 | ROP | Roper Technologies INC | Stock-Tech | 0.93% | -0.35% | -13.15% | |
| 39 | AMP | Ameriprise Financial INC | Stock-Financials | 0.92% | — | +1.68% | |
| 40 | LOW | Lowe's Cos INC | Stock-Consumer Disc | 0.91% | — | +1.28% | |
| 41 | IGV | Ishares Expanded Tech-softwa | ETF-Tech | 0.89% | +0.79% | +971.40% | |
| 42 | SOXX | Ishares Semiconductor ETF | ETF-Other | 0.88% | +0.66% | +254.91% | |
| 43 | HD | Home Depot INC | Stock-Consumer Disc | 0.87% | — | -2.56% | |
| 44 | ABT | Abbott Laboratories | Stock-Healthcare | 0.86% | -0.12% | +1.40% | |
| 45 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 0.86% | +0.70% | +432.68% | |
| 46 | TXN | Texas Instruments INC | Stock-Tech | 0.85% | +0.13% | +0.63% | |
| 47 | CSL | Carlisle Cos INC | Stock-Industrials | 0.82% | — | +5.47% | |
| 48 | ICE | Intercontinental Exchange In | Stock-Financials | 0.81% | — | -3.50% | |
| 49 | NEE | Nextera Energy INC | Stock-Utilities | 0.78% | — | -4.70% | |
| 50 | O | Realty Income CORP | Stock-Real Estate | 0.76% | — | +0.76% |
Performance for Q3 2026
+2.9%
Performance Last 4 Quarters
+21.1%
Based on 75% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 195 | $1.3B | 21 | |
| 2025-12-31 | 195 | $1.3B | 10 | |
| 2025-09-30 | 193 | $1.3B | 30 | |
| 2025-06-30 | 197 | $1.2B | 0 | |
| 2025-03-31 | 188 | $1.1B | 100 | |
| 2024-12-31 | 186 | $1.2B | 0 | |
| 2024-09-30 | 191 | $1.2B | 0 | |
| 2024-06-30 | 187 | $1.1B | 0 | |
| 2024-03-31 | 183 | $1.1B | 0 | |
| 2023-12-31 | 168 | $982.8M | 0 | |
| 2023-09-30 | 167 | $887.0M | 0 | |
| 2023-06-30 | 172 | $930.9M | 0 | |
| 2023-03-31 | 171 | $879.9M | 0 | |
| 2022-12-31 | 176 | $847.7M | 0 | |
| 2022-09-30 | 167 | $781.2M | 0 | |
| 2022-06-30 | 163 | $810.4M | 0 | |
| 2022-03-31 | 175 | $938.1M | 0 | |
| 2021-12-31 | 160 | $986.3M | 0 | |
| 2021-09-30 | 149 | $900.9M | 0 | |
| 2021-06-30 | 156 | $894.9M | 96 | |
| 2021-03-31 | 155 | $830.9M | 20 | |
| 2020-12-31 | 142 | $767.8M | 18 | |
| 2020-09-30 | 134 | $709.8M | 19 | |
| 2020-06-30 | 131 | $668.6M | 26 | |
| 2020-03-31 | 127 | $568.8M | 31 | |
| 2019-12-31 | 144 | $718.0M | 18 | |
| 2019-09-30 | 137 | $672.6M | 15 | |
| 2019-06-30 | 134 | $656.1M | 15 | |
| 2019-03-31 | 132 | $639.8M | 26 | |
| 2018-12-31 | 136 | $548.1M | 30 | |
| 2018-09-30 | 149 | $627.0M | 15 | |
| 2018-06-30 | 149 | $588.9M | 17 | |
| 2018-03-31 | 151 | $571.2M | 23 | |
| 2017-12-31 | 153 | $587.4M | 15 | |
| 2017-09-30 | 152 | $568.2M | 42 | |
| 2017-06-30 | 124 | $444.1M | 20 | |
| 2017-03-31 | 119 | $431.5M | 15 | |
| 2016-12-31 | 109 | $407.5M | 17 | |
| 2016-09-30 | 106 | $382.2M | 13 | |
| 2016-06-30 | 107 | $371.0M | 18 | |
| 2016-03-31 | 110 | $356.1M | 26 | |
| 2015-12-31 | 120 | $366.1M | 22 | |
| 2015-09-30 | 122 | $363.3M | 34 | |
| 2015-06-30 | 110 | $405.5M | 17 | |
| 2015-03-31 | 114 | $404.0M | 23 | |
| 2014-12-31 | 116 | $402.3M | 25 | |
| 2014-09-30 | 123 | $408.8M | 27 | |
| 2014-06-30 | 122 | $411.0M | 33 | |
| 2014-03-31 | 117 | $375.0M | 19 | |
| 2013-12-31 | 122 | $361.6M | 19 | |
| 2013-09-30 | 114 | $321.3M | 11 | |
| 2013-06-30 | 110 | $297.7M | 0 |
Novare Capital Management LLC's most significant position changes for 2026-03-31: Sold out: Accenture plc (ACN); Sold out: Salesforce INC (CRM); New buy: Ishares Core Msci Eafe ETF (IEFA); Sold out: Adobe INC (ADBE); New buy: Broadridge Financial Solutio (BR).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | XLK | Ss Technology Select Sector | +1.1% | +82.54% | Add |
| 2 | IGV | Ishares Expanded Tech-softwa | +0.8% | +971.40% | Add |
| 3 | VIG | Vanguard Dividend Apprec ETF | +0.7% | +432.68% | Add |
| 4 | SOXX | Ishares Semiconductor ETF | +0.7% | +254.91% | Add |
| 5 | UBER | Uber Technologies INC | +0.4% | +1152.90% | Add |
| 6 | JNJ | Johnson & Johnson | +0.4% | -4.01% | Trim |
| 7 | LLY | Eli Lilly & Co | +0.3% | +93.80% | Add |
| 8 | CVX | Chevron CORP | +0.3% | -4.39% | Trim |
| 9 | WMT | Walmart INC | +0.3% | -7.56% | Trim |
| 10 | XLE | Ss Energy Select Sector | +0.2% | -4.73% | Trim |
| 11 | LHX | L3harris Technologies INC | +0.2% | -3.23% | Trim |
| 12 | AMLP | Alerian Mlp ETF | +0.2% | +0.12% | Add |
| 13 | MRK | Merck & Co. INC. | +0.2% | -2.32% | Trim |
| 14 | CSX | Csx CORP | +0.2% | -1.06% | Trim |
| 15 | HON | Honeywell International INC | +0.2% | -3.95% | Trim |
| 16 | RSP | Invesco S&p 500 Equal Weight | +0.1% | +749.51% | Add |
| 17 | TXN | Texas Instruments INC | +0.1% | +0.63% | Add |
| 18 | IVV | Ishares Core S&p 500 ETF | +0.1% | +0.42% | Add |
| 19 | VSLU | Applied Finance Valuat ETF | -0.1% | -1.45% | Trim |
| 20 | SYK | Stryker CORP | -0.1% | -3.88% | Trim |
| 21 | TSLA | Tesla INC | -0.1% | +5.21% | Add |
| 22 | BRK-B | Berkshire Hathaway Inc-cl B | -0.1% | -4.33% | Trim |
| 23 | META | Meta Platforms Inc-class A | -0.1% | +3.34% | Add |
| 24 | XLY | Ss Consumer Disc Select Sect | -0.1% | -2.20% | Trim |
| 25 | SCHB | Schwab US Broad Market ETF | -0.1% | -31.34% | Trim |
| 26 | BAC | Bank Of America CORP | -0.1% | -4.58% | Trim |
| 27 | IVW | Ishares S&p 500 Growth ETF | -0.1% | -10.98% | Trim |
| 28 | AAPL | Apple INC | -0.1% | -1.27% | Trim |
| 29 | ABT | Abbott Laboratories | -0.1% | +1.40% | Add |
| 30 | QQQ | Invesco Qqq Trust Series 1 | -0.1% | -14.02% | Trim |
| 31 | NVDA | Nvidia CORP | -0.1% | -3.26% | Trim |
| 32 | AMZN | Amazon.com INC | -0.1% | -1.73% | Trim |
| 33 | TMO | Thermo Fisher Scientific INC | -0.1% | -2.51% | Trim |
| 34 | JPM | Jpmorgan Chase & Co | -0.2% | -4.40% | Trim |
| 35 | UNH | Unitedhealth Group INC | -0.2% | -3.79% | Trim |
| 36 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.3% | -6.12% | Trim |
| 37 | VZ | Verizon Communications INC | -0.3% | -41.43% | Trim |
| 38 | ROP | Roper Technologies INC | -0.4% | -13.15% | Trim |
| 39 | IJH | Ishares Core S&p Midcap ETF | -0.5% | -68.00% | Trim |
| 40 | GOOGL | Alphabet Inc-cl A | -0.6% | -12.94% | Trim |
| 41 | AVGO | Broadcom INC | -0.7% | -16.77% | Trim |
| 42 | MOAT | Vaneck Morningstar Wide Moat | -0.8% | -93.12% | Trim |
| 43 | MSFT | Microsoft CORP | -0.8% | -0.21% | Trim |
| 44 | ACN | Accenture plc | — | EXIT | Sold out |
| 45 | CRM | Salesforce INC | — | EXIT | Sold out |
| 46 | IEFA | Ishares Core Msci Eafe ETF | — | NEW | New buy |
| 47 | ADBE | Adobe INC | — | EXIT | Sold out |
| 48 | BR | Broadridge Financial Solutio | — | NEW | New buy |
| 49 | IJR | Ishares Core S&p Small-cap E | — | NEW | New buy |
| 50 | TOWN | Towne Bank | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-17 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-05 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-03 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-29 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-29 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-21 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-11 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-02 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-06 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-08 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-02 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-28 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-04-20 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-01-17 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-10-11 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-03 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-09 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-03 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-04 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-02 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-11 | Amendment | View on EDGAR |
| 2021-03-31 | 2021-05-07 | Amendment | View on EDGAR |
| 2021-03-31 | 2021-05-06 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-01 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-03 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-06 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-05 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-06 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-12 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-08 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-09 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-12 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-09 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-10 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-09 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-06 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-07 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-07-31 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-03 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-08 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-04 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-09 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-11 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-05 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-12 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-13 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-05 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-09 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-10-28 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-14 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-08 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-10 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-25 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-01 | 13F-HR | View on EDGAR |
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