NF
Noven Financial Group, Inc. Historical SEC 13F Holdings & Archive (Q1 2020)
Noven Financial Group, Inc.CIK: 0001536442
High-turnover traderSector-focusedContrarian
Total reported value
$122.6M
Reporting period: 2020-03-31 · Number of holdings: 36
Noven Financial Group, Inc. disclosed 36 holdings in its latest 13F filing for the period ending 2020-03-31, with total reported value of $122.6M and a quarterly turnover rate of 144.8%.
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Personality snowflake
- Concentration
- 43.78
- Portfolio Stability
- 100
- Momentum
- 0
- Sector conviction
- 100
- Diversification
- 72
- Sizing Uniformity
- 82.61
Noven Financial Group, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.109 — mathematically equivalent to about 9 equally-sized positions, well below its 36 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 1.74), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward initiating meaningfully larger new positions than it adds to existing ones (a 4.5 percentage-point tilt) — a pattern consistent with a more contrarian, new-idea-driven approach.
Sector classification currently covers about 5% 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 IWP
-91.9% -$27.1M
Trim IVW
-92.1% -$25.9M
Add IWF
+568.6% $11.7M
Add VUG
+0.8% -$893.0K
Add PGX
+3.1% -$506.0K
Add IAUUSD
+0.1% $141.0K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IEF | Ishares 7-10 Year Treasury B | ETF-Gov Bonds | 20.16% | +20.16% | NEW | |
| 2 | IEI | Ishares 3-7 Year Treasury Bo | ETF-Gov Bonds | 19.01% | +19.01% | NEW | |
| 3 | IWF | Ishares Russell 1000 Growth | ETF-Other | 11.57% | +10.42% | +568.63% | |
| 4 | IWS | Ishares Russell Mid-cap Valu | ETF-Other | 9.87% | +9.87% | NEW | |
| 5 | VUG | Vanguard Growth ETF | ETF-Other | 4.76% | +1.65% | +0.83% | |
| 6 | PGX | Invesco Preferred ETF | ETF-Other | 3.87% | +1.44% | +3.08% | |
| 7 | IAUUSD | Ishares Gold Trust | ETF-Commodities | 2.98% | +1.36% | +0.08% | |
| 8 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 2.84% | +0.85% | +0.21% | |
| 9 | VOT | Vanguard Mid-cap Growth ETF | ETF-Other | 2.82% | +0.85% | +1.87% | |
| 10 | PFF | Ishares Preferred & Income S | ETF-Other | 2.70% | +0.81% | -4.26% | |
| 11 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 2.63% | +0.56% | -7.42% | |
| 12 | ✓ | Powershares Qqq Trust Ser 1 | Stock-Other | 1.74% | +0.64% | -0.34% | |
| 13 | IWP | Ishares Russell Mid-cap Grow | ETF-Other | 1.53% | -11.85% | -91.85% | |
| 14 | IVW | Ishares S&p 500 Growth ETF | ETF-Large Cap & Growth | 1.52% | -11.30% | -92.10% | |
| 15 | VBK | Vanguard Small-cap Grwth ETF | ETF-Other | 1.33% | +1.33% | NEW | |
| 16 | DVY | Ishares Select Dividend ETF | ETF-Other | 1.29% | +0.03% | -16.18% | |
| 17 | AAPL | Apple Inc | Stock-Tech | 1.29% | +0.55% | +13.91% | |
| 18 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 1.27% | +0.38% | +1.95% | |
| 19 | TLH | Ishares 10-20 Year Treasury | ETF-Gov Bonds | 1.11% | +1.11% | NEW | |
| 20 | VHT | Vanguard Health Care ETF | ETF-Other | 0.98% | +0.33% | -1.32% | |
| 21 | PSK | Ss Spdr Ice Pref Sec ETF | ETF-Other | 0.84% | +0.28% | -5.40% | |
| 22 | PGF | Invesco Financial Preferred | ETF-Other | 0.55% | +0.19% | -2.26% | |
| 23 | FPE | Ft-preferred Secur & Inc ETF | ETF-Other | 0.53% | +0.17% | — | |
| 24 | WPC | Wp Carey Inc | Stock-Real Estate | 0.45% | +0.10% | +0.34% | |
| 25 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.44% | +0.11% | -6.71% | |
| 26 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.37% | +0.18% | +3.54% | |
| 27 | MTUM | Ishares Msci USA Momentum Fa | ETF-Other | 0.33% | +0.11% | — | |
| 28 | SCHB | Schwab US Broad Market ETF | ETF-Other | 0.26% | +0.06% | -6.53% | |
| 29 | BBY | Best Buy Co Inc | Stock-Consumer Disc | 0.20% | +0.02% | -3.24% | |
| 30 | NFLX | Netflix Inc | Stock-Comm Services | 0.19% | +0.19% | NEW | |
| 31 | QYLD | Global X Nasd 100 Cov Call | ETF-Other | 0.18% | +0.18% | NEW | |
| 32 | PBP | Invesco S&p 500 Buywrite ETF | ETF-Large Cap & Growth | 0.16% | +0.16% | NEW | |
| 33 | RYLD | Global X Russell 2000 Cov Cl | ETF-Small Cap | 0.14% | +0.14% | NEW | |
| 34 | ✓ | Ampio Pharmaceuticals Inc | Stock-Other | 0.07% | +0.04% | +64.37% | |
| 35 | AUR | Aurora Innovation, Inc. | Stock-Consumer Disc | 0.01% | — | — | |
| 36 | THCXEUR | Hexo CORP | Stock-Other | 0.01% | — | — |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2020 Q1 | 36 | $122.6M | 100 | ||
| 2019 Q4 | 33 | $216.4M | 36 | ||
| 2019 Q3 | 31 | $201.5M | 51 | ||
| 2019 Q2 | 33 | $196.5M | 83 | ||
| 2019 Q1 | 36 | $190.8M | 100 | ||
| 2018 Q4 | 30 | $105.9M | 100 | ||
| 2018 Q3 | 31 | $200.3M | 9 | ||
| 2018 Q2 | 32 | $190.9M | 18 | ||
| 2018 Q1 | 32 | $179.1M | 29 | ||
| 2017 Q4 | 33 | $173.3M | 8 | ||
| 2017 Q3 | 31 | $166.4M | 20 | ||
| 2017 Q2 | 34 | $156.8M | 16 | ||
| 2017 Q1 | 32 | $152.8M | 7 | ||
| 2016 Q4 | 31 | $146.0M | 18 | ||
| 2016 Q3 | 32 | $141.4M | 21 | ||
| 2016 Q2 | 38 | $148.6M | 16 | ||
| 2016 Q1 | 42 | $141.0M | 100 | ||
| 2015 Q4 | 41 | $131.5M | 69 | ||
| 2015 Q3 | 37 | $124.3M | 100 | ||
| 2015 Q2 | 37 | $137.5M | 24 | ||
| 2015 Q1 | 36 | $138.8M | 6 | ||
| 2014 Q4 | 34 | $134.2M | 100 | ||
| 2014 Q3 | 36 | $137.4M | 60 | ||
| 2014 Q2 | 35 | $138.9M | 47 | ||
| 2014 Q1 | 34 | $130.1M | 42 | ||
| 2013 Q4 | 30 | $145.2M | 0 |
Holding changes this quarter
Noven Financial Group, Inc.'s most significant position changes for 2020-03-31: Sold out: Ishares Russell 2000 Growth (IWO); Sold out: Ishares S&p Small-cap 600 Va (IJS); Sold out: Ishares Russell 1000 Value E (IWD); Sold out: Ishares S&p Mid-cap 400 Valu (IJJ); New buy: Ishares 7-10 Year Treasury B (IEF).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IWF | Ishares Russell 1000 Growth | +10.4% | +568.63% | Add |
| 2 | VUG | Vanguard Growth ETF | +1.7% | +0.83% | Add |
| 3 | PGX | Invesco Preferred ETF | +1.4% | +3.08% | Add |
| 4 | IAUUSD | Ishares Gold Trust | +1.4% | +0.08% | Add |
| 5 | BRK-B | Berkshire Hathaway Inc-cl B | +0.9% | +0.21% | Add |
| 6 | VOT | Vanguard Mid-cap Growth ETF | +0.9% | +1.87% | Add |
| 7 | PFF | Ishares Preferred & Income S | +0.8% | -4.26% | Trim |
| 8 | ✓ | Powershares Qqq Trust Ser 1 | +0.6% | -0.34% | Trim |
| 9 | SCHD | Schwab US Dvd Equity ETF | +0.6% | -7.42% | Trim |
| 10 | AAPL | Apple Inc | +0.6% | +13.91% | Add |
| 11 | VTI | Vanguard Total Stock Mkt ETF | +0.4% | +1.95% | Add |
| 12 | VHT | Vanguard Health Care ETF | +0.3% | -1.32% | Trim |
| 13 | PSK | Ss Spdr Ice Pref Sec ETF | +0.3% | -5.40% | Trim |
| 14 | PGF | Invesco Financial Preferred | +0.2% | -2.26% | Trim |
| 15 | AMZN | Amazon.com Inc | +0.2% | +3.54% | Add |
| 16 | FPE | Ft-preferred Secur & Inc ETF | +0.2% | — | Unchanged |
| 17 | META | Meta Platforms Inc-class A | +0.1% | -6.71% | Trim |
| 18 | MTUM | Ishares Msci USA Momentum Fa | +0.1% | — | Unchanged |
| 19 | WPC | Wp Carey Inc | +0.1% | +0.34% | Add |
| 20 | SCHB | Schwab US Broad Market ETF | +0.1% | -6.53% | Trim |
| 21 | ✓ | Ampio Pharmaceuticals Inc | 0% | +64.37% | Add |
| 22 | DVY | Ishares Select Dividend ETF | 0% | -16.18% | Trim |
| 23 | BBY | Best Buy Co Inc | 0% | -3.24% | Trim |
| 24 | AUR | Aurora Innovation, Inc. | — | — | Unchanged |
| 25 | THCXEUR | Hexo CORP | — | — | Unchanged |
| 26 | IVW | Ishares S&p 500 Growth ETF | -11.3% | -92.10% | Trim |
| 27 | IWP | Ishares Russell Mid-cap Grow | -11.9% | -91.85% | Trim |
| 28 | IWO | Ishares Russell 2000 Growth | — | EXIT | Sold out |
| 29 | IJS | Ishares S&p Small-cap 600 Va | — | EXIT | Sold out |
| 30 | IWD | Ishares Russell 1000 Value E | — | EXIT | Sold out |
| 31 | IJJ | Ishares S&p Mid-cap 400 Valu | — | EXIT | Sold out |
| 32 | IEF | Ishares 7-10 Year Treasury B | — | NEW | New buy |
| 33 | IEI | Ishares 3-7 Year Treasury Bo | — | NEW | New buy |
| 34 | IWS | Ishares Russell Mid-cap Valu | — | NEW | New buy |
| 35 | IVE | Ishares S&p 500 Value ETF | — | EXIT | Sold out |
| 36 | VTV | Vanguard Value ETF | — | EXIT | Sold out |
| 37 | VBK | Vanguard Small-cap Grwth ETF | — | NEW | New buy |
| 38 | TLH | Ishares 10-20 Year Treasury | — | NEW | New buy |
| 39 | NFLX | Netflix Inc | — | NEW | New buy |
| 40 | QYLD | Global X Nasd 100 Cov Call | — | NEW | New buy |
| 41 | PBP | Invesco S&p 500 Buywrite ETF | — | NEW | New buy |
| 42 | RYLD | Global X Russell 2000 Cov Cl | — | NEW | New buy |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Filing History
FAQ
What is Noven Financial Group, Inc. and what type of investor is it?
Noven Financial Group, Inc. 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 (2020-03-31), the firm manages a tracked equity portfolio valued at approximately $122.6M, spread across 36 disclosed positions.
What are Noven Financial Group, Inc.'s largest equity positions?
Based on the latest 13F filing, Noven Financial Group, Inc.'s top holdings by market value are:
1. Ishares 7-10 Year Treasury B (IEF) — $24.7M (20.2%)
2. Ishares 3-7 Year Treasury Bo (IEI) — $23.3M (19.0%)
3. Ishares Russell 1000 Growth (IWF) — $14.2M (11.6%)
4. Ishares Russell Mid-cap Valu (IWS) — $12.1M (9.9%)
5. Vanguard Growth ETF (VUG) — $5.8M (4.8%)
What changes did Noven Financial Group, Inc. make in its most recent portfolio filing?
In the latest reported quarter, Noven Financial Group, Inc. made 38 notable position adjustments: 9 new positions were initiated, 11 existing holdings were added to, 12 positions were partially reduced, and 6 were completely exited. The largest of these moves: Sold out: Ishares Russell 2000 Growth (IWO); Sold out: Ishares S&p Small-cap 600 Va (IJS); Sold out: Ishares Russell 1000 Value E (IWD); Sold out: Ishares S&p Mid-cap 400 Valu (IJJ); New buy: Ishares 7-10 Year Treasury B (IEF)
What sectors does Noven Financial Group, Inc. focus on?
Noven Financial Group, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 55.4%
• Information Technology: 25.1%
• Communication Services: 12.3%
• Consumer Discretionary: 7.3%
Investment Profile
Noven Financial Group, Inc.'s portfolio is moderately concentrated and fast-trading, with 55.4% of the portfolio concentrated in Financials.
It has added to its IWF position over the past two quarters (+$11.9M, now $14.2M), while trimming IVW over the same stretch (-$25.9M, still holding $1.9M).
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