CIK: 0002011548
Total reported value
$185.6M
Reporting period: 2026-03-31 · Number of holdings: 164
Novak & Powell Financial Services, Inc. disclosed 164 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $185.6M and a quarterly turnover rate of 12.8%.
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Novak & Powell Financial Services, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.022 — mathematically equivalent to about 46 equally-sized positions, well below its 164 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 1.60), 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.
Add IJS
+146.6% $1.2M
Trim MSFT
-1.8% -$1.4M
Trim VUG
-1.2% -$1.5M
Trim IJT
-46.2% -$1.1M
Trim VB
-73.7% -$1.1M
Trim AAPL
-2.2% -$944.4K
Showing top 163 holdings (of 164 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 6.36% | -0.25% | -0.78% | |
| 2 | VUG | Vanguard Growth ETF | ETF-Other | 6.08% | -0.57% | -1.20% | |
| 3 | AAPL | Apple INC | Stock-Tech | 5.33% | -0.32% | -2.21% | |
| 4 | VV | Vanguard Large-cap ETF | ETF-Other | 4.61% | -0.09% | -0.01% | |
| 5 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 3.58% | -0.05% | +0.17% | |
| 6 | VTV | Vanguard Value ETF | ETF-Other | 2.86% | +0.17% | +0.06% | |
| 7 | VT | Vanguard Tot World Stk ETF | ETF-Other | 2.58% | — | +0.18% | |
| 8 | MSFT | Microsoft CORP | Stock-Tech | 2.28% | -0.66% | -1.77% | |
| 9 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 2.19% | — | +0.12% | |
| 10 | DIA | Ss Spdr Dow Jones Indus Avg | ETF-Large Cap & Growth | 1.98% | — | +0.35% | |
| 11 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.98% | -0.06% | -1.61% | |
| 12 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 1.87% | -0.03% | -0.52% | |
| 13 | IAU | Ishares Gold Trust | ETF-Commodities | 1.81% | +0.20% | -0.00% | |
| 14 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 1.58% | +0.13% | +3.21% | |
| 15 | NVDA | Nvidia CORP | Stock-Tech | 1.48% | -0.25% | -11.30% | |
| 16 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 1.46% | — | -1.52% | |
| 17 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 1.37% | — | +0.27% | |
| 18 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.36% | +0.24% | -0.34% | |
| 19 | FDN | First Trust Dj Internet Ind | ETF-Other | 1.35% | -0.24% | -5.67% | |
| 20 | QTEC | First Trust Nasdq 100 Tech I | ETF-Tech | 1.26% | -0.04% | — | |
| 21 | IJS | Ishares S&p Small-cap 600 Va | ETF-Other | 1.09% | +0.68% | +146.56% | |
| 22 | IBB | Ishares Biotechnology ETF | ETF-Tech | 0.98% | — | +0.13% | |
| 23 | VHT | Vanguard Health Care ETF | ETF-Other | 0.94% | — | +0.90% | |
| 24 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 0.93% | — | +2.46% | |
| 25 | IJT | Ishares S&p Small-cap 600 Gr | ETF-Other | 0.92% | -0.56% | -46.17% | |
| 26 | IJJ | Ishares S&p Mid-cap 400 Valu | ETF-Other | 0.92% | — | -1.83% | |
| 27 | VFH | Vanguard Financials ETF | ETF-Other | 0.91% | -0.09% | -2.65% | |
| 28 | VCIT | Vanguard Int-term Corporate | ETF-Corp Bonds | 0.90% | — | +3.01% | |
| 29 | IJK | Ishares S&p Mid-cap 400 Grow | ETF-Other | 0.86% | — | -1.94% | |
| 30 | FXL | First Trust Technology Alpha | ETF-Tech | 0.86% | — | -0.20% | |
| 31 | EPD | Enterprise Products Partners | Stock-Energy | 0.85% | +0.16% | +0.98% | |
| 32 | VOE | Vanguard Mid-cap Value ETF | ETF-Other | 0.85% | +0.23% | +16.59% | |
| 33 | VNQ | Vanguard Real Estate ETF | ETF-Other | 0.82% | — | -0.78% | |
| 34 | BSV | Vanguard Short-term Bond ETF | ETF-Other | 0.79% | — | -3.27% | |
| 35 | VEU | Vanguard Ftse All-world Ex-u | ETF-Other | 0.79% | — | +0.14% | |
| 36 | VOT | Vanguard Mid-cap Growth ETF | ETF-Other | 0.74% | -0.05% | -1.86% | |
| 37 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.73% | -0.05% | -1.19% | |
| 38 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.71% | — | +3.01% | |
| 39 | BA | Boeing Co/the | Stock-Industrials | 0.64% | -0.05% | -1.64% | |
| 40 | VPU | Vanguard Utilities ETF | ETF-Other | 0.64% | — | — | |
| 41 | IYY | Ishares Dow Jones U.s. ETF | ETF-Other | 0.63% | — | — | |
| 42 | BND | Vanguard Total Bond Market | ETF-Other | 0.59% | — | +3.01% | |
| 43 | XOM | Exxon Mobil CORP | Stock-Energy | 0.56% | +0.17% | +0.10% | |
| 44 | VGK | Vanguard Ftse Europe ETF | ETF-Other | 0.55% | — | -1.38% | |
| 45 | VBK | Vanguard Small-cap Grwth ETF | ETF-Other | 0.55% | +0.55% | NEW | |
| 46 | AMGN | Amgen INC | Stock-Healthcare | 0.54% | — | -0.11% | |
| 47 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.53% | -0.07% | -5.72% | |
| 48 | DWX | State Street Spdr S&p Intern | ETF-Other | 0.49% | — | +0.48% | |
| 49 | ECL | Ecolab INC | Stock-Materials | 0.45% | — | +0.03% | |
| 50 | AMLP | Alerian Mlp ETF | ETF-Other | 0.45% | — | +1.10% |
Performance for Q3 2026
+4.7%
Performance Last 4 Quarters
+22.4%
Based on 73% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 164 | $185.6M | 13 | |
| 2025-12-31 | 166 | $191.7M | 9 | |
| 2025-09-30 | 163 | $190.2M | 22 | |
| 2025-06-30 | 146 | $144.1M | 0 | |
| 2025-03-31 | 152 | $160.7M | 0 | |
| 2024-12-31 | 152 | $167.9M | 0 | |
| 2024-09-30 | 159 | $172.5M | 0 | |
| 2024-06-30 | 161 | $161.0M | 0 | |
| 2024-03-31 | 145 | $133.7M | 0 | |
| 2023-12-31 | 159 | $149.9M | 0 |
Novak & Powell Financial Services, Inc.'s most significant position changes for 2026-03-31: New buy: Vanguard Small-cap Grwth ETF (VBK); Sold out: Oracle CORP (ORCL); New buy: Dimensional US Small Cap ETF (DFAS); Sold out: Broadridge Financial Solutio (BR); Sold out: S&p Global INC (SPGI).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IJS | Ishares S&p Small-cap 600 Va | +0.7% | +146.56% | Add |
| 2 | JNJ | Johnson & Johnson | +0.2% | -0.34% | Trim |
| 3 | VOE | Vanguard Mid-cap Value ETF | +0.2% | +16.59% | Add |
| 4 | IAU | Ishares Gold Trust | +0.2% | -0.00% | Trim |
| 5 | XOM | Exxon Mobil CORP | +0.2% | +0.10% | Add |
| 6 | VTV | Vanguard Value ETF | +0.2% | +0.06% | Add |
| 7 | EPD | Enterprise Products Partners | +0.2% | +0.98% | Add |
| 8 | IJH | Ishares Core S&p Midcap ETF | +0.1% | +3.21% | Add |
| 9 | GLW | Corning INC | +0.1% | +3.54% | Add |
| 10 | SCCO | Southern Copper CORP | +0.1% | +0.83% | Add |
| 11 | AMAT | Applied Materials INC | +0.1% | — | Unchanged |
| 12 | SFL | SFL Corporation Ltd. | +0.1% | — | Unchanged |
| 13 | CVX | Chevron CORP | +0.1% | +1.13% | Add |
| 14 | VTI | Vanguard Total Stock Mkt ETF | 0% | -0.52% | Trim |
| 15 | QTEC | First Trust Nasdq 100 Tech I | 0% | — | Unchanged |
| 16 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.1% | +0.17% | Add |
| 17 | JPM | Jpmorgan Chase & Co | -0.1% | -1.19% | Trim |
| 18 | VOT | Vanguard Mid-cap Growth ETF | -0.1% | -1.86% | Trim |
| 19 | BA | Boeing Co/the | -0.1% | -1.64% | Trim |
| 20 | BRK-B | Berkshire Hathaway Inc-cl B | -0.1% | -1.61% | Trim |
| 21 | AMZN | Amazon.com INC | -0.1% | -5.72% | Trim |
| 22 | EFX | Equifax INC | -0.1% | +0.25% | Add |
| 23 | VV | Vanguard Large-cap ETF | -0.1% | -0.01% | Trim |
| 24 | VFH | Vanguard Financials ETF | -0.1% | -2.65% | Trim |
| 25 | IGV | Ishares Expanded Tech-softwa | -0.1% | -6.53% | Trim |
| 26 | SBAC | Sba Communications CORP | -0.1% | -19.95% | Trim |
| 27 | QCOM | Qualcomm INC | -0.1% | +0.61% | Add |
| 28 | VO | Vanguard Mid-cap ETF | -0.2% | -60.15% | Trim |
| 29 | FDN | First Trust Dj Internet Ind | -0.2% | -5.67% | Trim |
| 30 | QQQ | Invesco Qqq Trust Series 1 | -0.3% | -0.78% | Trim |
| 31 | NVDA | Nvidia CORP | -0.3% | -11.30% | Trim |
| 32 | AAPL | Apple INC | -0.3% | -2.21% | Trim |
| 33 | IJT | Ishares S&p Small-cap 600 Gr | -0.6% | -46.17% | Trim |
| 34 | VB | Vanguard Small-cap ETF | -0.6% | -73.70% | Trim |
| 35 | VUG | Vanguard Growth ETF | -0.6% | -1.20% | Trim |
| 36 | MSFT | Microsoft CORP | -0.7% | -1.77% | Trim |
| 37 | VBK | Vanguard Small-cap Grwth ETF | — | NEW | New buy |
| 38 | ORCL | Oracle CORP | — | EXIT | Sold out |
| 39 | DFAS | Dimensional US Small Cap ETF | — | NEW | New buy |
| 40 | BR | Broadridge Financial Solutio | — | EXIT | Sold out |
| 41 | SPGI | S&p Global INC | — | EXIT | Sold out |
| 42 | CAT | Caterpillar INC | — | NEW | New buy |
| 43 | RSPG | Invesco S&p 500 Equal Weight | — | NEW | New buy |
| 44 | BALL | Ball CORP | — | EXIT | Sold out |
| 45 | AVGO | Broadcom INC | — | EXIT | Sold out |
| 46 | META | Meta Platforms Inc-class A | — | EXIT | Sold out |
| 47 | RDVY | First Trust Rising Dividend | — | EXIT | Sold out |
| 48 | DFAE | Dimensional Emerging Core Eq | — | NEW | New buy |
| 49 | DFAT | Dimensional US Target Value | — | NEW | New buy |
| 50 | KNCT | Invesco Next Gen Connectivit | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-14 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-10 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-11 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-18 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-14 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-15 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-15 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-21 | 13F-HR | View on EDGAR |
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