NCM Capital Management, LLC

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$279.3M

Reporting period: 2026-03-31 · Number of holdings: 185

NCM Capital Management, LLC disclosed 185 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $279.3M and a quarterly turnover rate of 12.6%.

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Personality snowflake

Concentration: 8.36
Portfolio Stability: 12.56
Momentum/Contrarian: 100
Sector conviction: 55.23
Diversification: 100
Sizing Uniformity: 83.02

Recent moves

Add TPL
-1.9%　$5.4M
Trim NVDA
-1.8%　-$2.0M
Trim MSFT
+3.2%　-$1.7M
Add INFL
+6.0%　$1.4M
Trim JPM
-0.9%　-$663.9K
Trim VUG
+2.7%　-$566.9K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	NVDA	Nvidia CORP	Stock-Tech	8.10%	-1.04%	-1.76%
2	TPL	Texas Pacific Land CORP	Stock-Energy	5.04%	+1.82%	-1.95%
3	DIVO	Amplify Cwp Enhan Divid ETF	ETF-Other	4.43%	—	-0.13%
4	AVUV	Avantis US Small Cap Value	ETF-Small Cap	2.94%	+0.12%	-0.32%
5	JEPI	Jpmorgan Equity Premium Inco	ETF-Other	2.93%	—	+0.60%
6	TCAF	T Rowe Prc Cap Appreciation	ETF-Other	2.89%	-0.27%	+1.73%
7	SCHD	Schwab US Dvd Equity ETF	ETF-Other	2.88%	+0.21%	-0.13%
8	INFL	Horizon Kinetics Infl Benef	ETF-Other	2.49%	+0.41%	+6.03%
9	AAPL	Apple INC	Stock-Tech	2.47%	-0.26%	+0.52%
10	VUG	Vanguard Growth ETF	ETF-Other	2.33%	-0.29%	+2.74%
11	JPM	Jpmorgan Chase & Co	Stock-Financials	2.26%	-0.33%	-0.87%
12	MSFT	Microsoft CORP	Stock-Tech	2.26%	-0.70%	+3.24%
13	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	1.91%	-0.21%	+1.87%
14	VIGI	Vanguard Int Div App Indx Fd	ETF-Other	1.73%	—	+0.32%
15	GDX	Vaneck Gold Miners ETF	ETF-Commodities	1.38%	+0.03%	-0.49%
16	ACIO	Aptus Collared Invest Opp	ETF-Other	1.30%	+0.09%	+16.02%
17	JMST	JPM Ultra-short Muni Income	ETF-Other	1.29%	+0.03%	+5.99%
18	XAR	Ss Spdr S&p Aerospace Def	ETF-Other	1.04%	+0.03%	+2.08%
19	XOM	Exxon Mobil CORP	Stock-Energy	0.98%	+0.20%	-7.30%
20	LLY	Eli Lilly & Co	Stock-Healthcare	0.96%	-0.28%	-5.61%
21	TCAL	T Rowe Pre Cpt Apr Pr In ETF	ETF-Other	0.94%	+0.06%	+16.68%
22	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	0.90%	—	-0.06%
23	MMM	3m Co	Stock-Industrials	0.85%	—	+6.83%
24	COWZ	Pacer US Cash Cows 100 ETF	ETF-Other	0.84%	—	-1.17%
25	GEV	GE Vernova INC	Stock-Industrials	0.79%	+0.24%	+12.04%
26	VHT	Vanguard Health Care ETF	ETF-Other	0.78%	—	-0.61%
27	MRK	Merck & Co. INC.	Stock-Healthcare	0.75%	+0.05%	-3.40%
28	NEE	Nextera Energy INC	Stock-Utilities	0.70%	+0.08%	+0.03%
29	XLU	St Sr Utl Sl Se Spdr Etf-usd	ETF-Other	0.70%	—	-1.12%
30	HD	Home Depot INC	Stock-Consumer Disc	0.69%	—	—
31	IYW	Ishares Ustechnology ETF	ETF-Tech	0.68%	-0.10%	-0.48%
32	RSP	Invesco S&p 500 Equal Weight	ETF-Large Cap & Growth	0.67%	—	+0.10%
33	DVY	Ishares Select Dividend ETF	ETF-Other	0.66%	—	-3.84%
34	HDV	Ishares Core High Dividend E	ETF-Other	0.65%	+0.05%	-0.16%
35	GLW	Corning INC	Stock-Tech	0.64%	+0.19%	-5.36%
36	ETN	Eaton Corporation plc	Stock-Industrials	0.63%	—	-1.39%
37	VLUE	Ishares Msci USA Value Facto	ETF-Other	0.63%	—	+0.02%
38	GQGU	Gqg US Equity ETF	ETF-Other	0.62%	+0.62%	NEW
39	VZ	Verizon Communications INC	Stock-Comm Services	0.60%	+0.10%	-0.18%
40	AMZN	Amazon.com INC	Stock-Consumer Disc	0.59%	-0.09%	-0.43%
41	ABBV	Abbvie INC	Stock-Healthcare	0.59%	—	—
42	AMD	Advanced Micro Devices	Stock-Tech	0.56%	—	—
43	IEFA	Ishares Core Msci Eafe ETF	ETF-Other	0.56%	—	—
44	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	0.55%	—	-2.72%
45	CVX	Chevron CORP	Stock-Energy	0.55%	+0.13%	-0.96%
46	QQQ	Invesco Qqq Trust Series 1	ETF-Tech	0.55%	—	—
47	IBM	Intl Business Machines CORP	Stock-Tech	0.53%	-0.12%	+3.38%
48	JNJ	Johnson & Johnson	Stock-Healthcare	0.53%	+0.07%	+0.05%
49	XLK	Ss Technology Select Sector	ETF-Tech	0.52%	—	—
50	CAT	Caterpillar INC	Stock-Industrials	0.52%	+0.09%	—

1–50 of 185

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	185	$279.3M	13	1NVDA 2TPL 3DIVO Top holdings2026-03-31 1.NVDA 2.TPL 3.DIVO 4.AVUV 5.JEPI 6.TCAF 7.SCHD 8.INFL 9.AAPL 10.VUG
2025-12-31	175	$269.6M	10	1NVDA 2DIVO 3TPL Top holdings2025-12-31 1.NVDA 2.DIVO 3.TPL 4.TCAF 5.JEPI 6.MSFT 7.AVUV 8.AAPL 9.SCHD 10.VUG
2025-09-30	183	$257.8M	22	1NVDA 2DIVO 3TPL Top holdings2025-09-30 1.NVDA 2.DIVO 3.TPL 4.MSFT 5.JEPI 6.AVUV 7.VUG 8.JPM 9.SCHD 10.AAPL
2025-06-30	177	$243.6M	0	1NVDA 2DIVO 3TPL Top holdings2025-06-30 1.NVDA 2.DIVO 3.TPL 4.MSFT 5.JEPI 6.SCHD 7.VUG 8.AVUV 9.AAPL 10.JPM
2025-03-31	171	$222.4M	0	1NVDA 2TPL 3DIVO Top holdings2025-03-31 1.NVDA 2.TPL 3.DIVO 4.JEPI 5.SCHD 6.MSFT 7.AAPL 8.AVUV 9.JPM 10.VUG
2024-12-31	170	$221.9M	0	1NVDA 2DIVO 3TPL Top holdings2024-12-31 1.NVDA 2.DIVO 3.TPL 4.AAPL 5.MSFT 6.JEPI 7.AVUV 8.SCHD 9.VUG 10.JPM
2024-09-30	165	$208.4M	0	1NVDA 2DIVO 3TPL Top holdings2024-09-30 1.NVDA 2.DIVO 3.TPL 4.AAPL 5.MSFT 6.JEPI 7.AVUV 8.SCHD 9.VUG 10.JPM
2024-06-30	160	$190.7M	0	1NVDA 2DIVO 3AAPL Top holdings2024-06-30 1.NVDA 2.DIVO 3.AAPL 4.MSFT 5.TPL 6.JEPI 7.AVUV 8.SCHD 9.JPM 10.VUG
2024-03-31	159	$178.5M	0	1NVDA 2DIVO 3MSFT Top holdings2024-03-31 1.NVDA 2.DIVO 3.MSFT 4.JEPI 5.AAPL 6.TPL 7.AVUV 8.JPM 9.SCHD 10.VIGI
2023-12-31	159	$164.9M	0	1DIVO 2NVDA 3AAPL Top holdings2023-12-31 1.DIVO 2.NVDA 3.AAPL 4.MSFT 5.JEPI 6.AVUV 7.TPL 8.SCHD 9.VIGI 10.JPM
2023-09-30	146	$140.5M	0	1DIVO 2JEPI 3NVDA Top holdings2023-09-30 1.DIVO 2.JEPI 3.NVDA 4.MSFT 5.TPL 6.AVUV 7.VIGI 8.SCHD 9.JPM 10.VUG
2023-06-30	152	$143.9M	0	1DIVO 2JEPI 3MSFT Top holdings2023-06-30 1.DIVO 2.JEPI 3.MSFT 4.NVDA 5.SCHD 6.VIGI 7.AVUV 8.TPL 9.VUG 10.AAPL
2023-03-31	149	$133.8M	0	1DIVO 2JEPI 3TPL Top holdings2023-03-31 1.DIVO 2.JEPI 3.TPL 4.MSFT 5.VIGI 6.NVDA 7.AVUV 8.SCHD 9.JPM 10.AAPL
2022-12-31	172	$151.6M	0	1DIVO 2TPL 3JEPI Top holdings2022-12-31 1.DIVO 2.TPL 3.JEPI 4.IVV 5.MSFT 6.SCHD 7.AVUV 8.VIGI 9.JPM 10.AAPL
2022-09-30	162	$132.2M	0	1DIVO 2TPL 3JEPI Top holdings2022-09-30 1.DIVO 2.TPL 3.JEPI 4.IVV 5.MSFT 6.SCHD 7.JPM 8.AVUV 9.VIGI 10.XOM
2022-06-30	173	$142.7M	0	1DIVO 2TPL 3MSFT Top holdings2022-06-30 1.DIVO 2.TPL 3.MSFT 4.IVV 5.SCHD 6.JPM 7.JEPI 8.LQD 9.VEU 10.XOM
2022-03-31	186	$159.0M	0	1IVV 2MSFT 3TPL Top holdings2022-03-31 1.IVV 2.MSFT 3.TPL 4.DIVO 5.SCHD 6.MBB 7.JPM 8.IWD 9.NVDA 10.VEU
2021-12-31	143	$112.8M	0	1MSFT 2TPL 3NVDA Top holdings2021-12-31 1.MSFT 2.TPL 3.NVDA 4.JPM 5.SCHD 6.DIVO 7.GOOGL 8.HD 9.VHT 10.NKE

Holding changes this quarter

NCM Capital Management, LLC's most significant position changes for 2026-03-31: New buy: Gqg US Equity ETF (GQGU); New buy: Jpmorgan Municipal ETF (JMUB); New buy: Bny Mellon Dynamic Value (BKDV); New buy: Waterbridge Infrastruc-cl A (WBI); New buy: Huntington Ingalls Industrie (HII).

Position changes disclosed by NCM Capital Management, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	TPL	Texas Pacific Land CORP	+1.8%	-1.95%	Trim
2	INFL	Horizon Kinetics Infl Benef	+0.4%	+6.03%	Add
3	GEV	GE Vernova INC	+0.2%	+12.04%	Add
4	SCHD	Schwab US Dvd Equity ETF	+0.2%	-0.13%	Trim
5	XOM	Exxon Mobil CORP	+0.2%	-7.30%	Trim
6	GLW	Corning INC	+0.2%	-5.36%	Trim
7	JPIE	Jpmorgan Income ETF	+0.2%	+65.67%	Add
8	CVX	Chevron CORP	+0.1%	-0.96%	Trim
9	AVUV	Avantis US Small Cap Value	+0.1%	-0.32%	Trim
10	T86	Tri Pointe Homes INC	+0.1%	—	Unchanged
11	VZ	Verizon Communications INC	+0.1%	-0.18%	Trim
12	JIVE	JPM Interntl Value ETF	+0.1%	+53.07%	Add
13	ACIO	Aptus Collared Invest Opp	+0.1%	+16.02%	Add
14	CAT	Caterpillar INC	+0.1%	—	Unchanged
15	NEE	Nextera Energy INC	+0.1%	+0.03%	Add
16	JNJ	Johnson & Johnson	+0.1%	+0.05%	Add
17	LB	Landbridge Co Llc-a	+0.1%	+29.59%	Add
18	TCAL	T Rowe Pre Cpt Apr Pr In ETF	+0.1%	+16.68%	Add
19	INTC	Intel CORP	+0.1%	-1.48%	Trim
20	LMT	Lockheed Martin CORP	+0.1%	-0.42%	Trim
21	KMB	Kimberly-clark CORP	+0.1%	+47.03%	Add
22	MRK	Merck & Co. INC.	+0.1%	-3.40%	Trim
23	HDV	Ishares Core High Dividend E	+0.1%	-0.16%	Trim
24	GDX	Vaneck Gold Miners ETF	0%	-0.49%	Trim
25	JMST	JPM Ultra-short Muni Income	0%	+5.99%	Add
26	XAR	Ss Spdr S&p Aerospace Def	0%	+2.08%	Add
27	ACN	Accenture plc	-0.1%	-23.99%	Trim
28	AMZN	Amazon.com INC	-0.1%	-0.43%	Trim
29	BAC	Bank Of America CORP	-0.1%	-2.98%	Trim
30	IYW	Ishares Ustechnology ETF	-0.1%	-0.48%	Trim
31	IBM	Intl Business Machines CORP	-0.1%	+3.38%	Add
32	QCOM	Qualcomm INC	-0.2%	-0.43%	Trim
33	GOOGL	Alphabet Inc-cl A	-0.2%	+1.87%	Add
34	AAPL	Apple INC	-0.3%	+0.52%	Add
35	TCAF	T Rowe Prc Cap Appreciation	-0.3%	+1.73%	Add
36	LLY	Eli Lilly & Co	-0.3%	-5.61%	Trim
37	VUG	Vanguard Growth ETF	-0.3%	+2.74%	Add
38	JPM	Jpmorgan Chase & Co	-0.3%	-0.87%	Trim
39	MSFT	Microsoft CORP	-0.7%	+3.24%	Add
40	NVDA	Nvidia CORP	-1%	-1.76%	Trim
41	GQGU	Gqg US Equity ETF	—	NEW	New buy
42	JMUB	Jpmorgan Municipal ETF	—	NEW	New buy
43	BKDV	Bny Mellon Dynamic Value	—	NEW	New buy
44	WBI	Waterbridge Infrastruc-cl A	—	NEW	New buy
45	HII	Huntington Ingalls Industrie	—	NEW	New buy
46	GD	General Dynamics CORP	—	NEW	New buy
47	IEI	Ishares 3-7 Year Treasury Bo	—	NEW	New buy
48	FDX	Fedex CORP	—	NEW	New buy
49	TGT	Target CORP	—	NEW	New buy
50	V	Visa Inc-class A Shares	—	EXIT	Sold out

FAQ

What is NCM Capital Management, LLC and what type of investor is it?

NCM Capital Management, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $279.3M, spread across 185 disclosed positions.

What are NCM Capital Management, LLC's largest equity positions?

Based on the latest 13F filing, NCM Capital Management, LLC's top holdings by market value are: 1. Nvidia CORP (NVDA) — $22.6M (8.1%) 2. Texas Pacific Land CORP (TPL) — $14.1M (5.0%) 3. Amplify Cwp Enhan Divid ETF (DIVO) — $12.4M (4.4%) 4. Avantis US Small Cap Value (AVUV) — $8.2M (2.9%) 5. Jpmorgan Equity Premium Inco (JEPI) — $8.2M (2.9%)

What changes did NCM Capital Management, LLC make in its most recent portfolio filing?

In the latest reported quarter, NCM Capital Management, LLC made 48 notable position adjustments: 9 new positions were initiated, 18 existing holdings were added to, 20 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Gqg US Equity ETF (GQGU); New buy: Jpmorgan Municipal ETF (JMUB); New buy: Bny Mellon Dynamic Value (BKDV); New buy: Waterbridge Infrastruc-cl A (WBI); New buy: Huntington Ingalls Industrie (HII)

What sectors does NCM Capital Management, LLC focus on?

NCM Capital Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 35.0% • Energy: 13.8% • Industrials: 11.2% • Health Care: 10.5% • Financials: 9.4% • Communication Services: 6.8%