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Asset Manager ← All Institutions

NOVARE CAPITAL MANAGEMENT LLC

521 EAST MOREHEAD STREET SUITE 510, CHARLOTTE, NC 28202 • 704 334 3698

Q4 2025 · Filed 2026-02-05
Market Value
$1.3B
+1.7%
Holdings
206
+1
New Purchases
14
Added To
85
Closed
11
Reduced
73
Top 10 Concentration
36.7%
Turnover
12.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 4.02% 3.22% +0.80% $54M
V 1.49% 0.91% +0.58% $20M
XLK 1.36% 0.93% +0.43% $18M
AAPL 4.64% 4.41% +0.22% $62M
MRK 0.89% 0.71% +0.18% $12M
LLY 0.41% 0.24% +0.17% $5M
TMO 1.10% 0.93% +0.17% $15M
CMI 1.30% 1.14% +0.16% $17M
JNJ 1.86% 1.72% +0.14% $25M
WMT 2.81% 2.67% +0.14% $38M
CHRW 1.07% 0.95% +0.12% $14M
VSLU 2.71% 2.60% +0.11% $36M
CSCO 1.12% 1.02% +0.11% $15M
IVV 3.66% 3.57% +0.09% $49M
RTX 1.43% 1.34% +0.09% $19M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ZTS 0.36% 0.98% -0.61% $5M
KVUE 0.02% 0.60% -0.58% $272K
MSFT 4.34% 4.72% -0.38% $58M
SPY 5.69% 6.06% -0.38% $76M
ADBE 0.56% 0.79% -0.24% $7M
HD 0.88% 1.06% -0.17% $12M
META 1.07% 1.24% -0.17% $14M
ROP 1.28% 1.42% -0.14% $17M
VZ 1.34% 1.47% -0.13% $18M
AMT 0.40% 0.50% -0.10% $5M
HON 0.85% 0.94% -0.09% $11M
VOOG 0.00% 0.08% -0.08% $0
ACN 1.14% 1.22% -0.08% $15M
UNH 1.41% 1.49% -0.08% $19M
VOO 0.07% 0.15% -0.08% $958K

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 40.2%
Technology 18.1%
Industrials 12.4%
Healthcare 9.4%
Consumer Cyclical 6.1%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 52 $755M 56.6%
Large Cap 117 $494M 37.0%
Mid Cap 17 $25M 1.9%
Small Cap 17 $59M 4.4%
Micro Cap 3 $2M 0.2%

Portfolio Analytics

Avg Market Cap
$302.6B
Median Market Cap
$75.4B
Avg P/E
34.3
Median P/E
24.3
Avg Dividend Yield
0.02%
Avg Beta
0.92
# Stocks
134
# ETFs / Funds
72

Top Holdings (206 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SPY 5.69% 111,299 $76M $681.92 -$4M -8,219 -6.9%
2 AAPL 4.64% 227,651 $62M $271.86 $4M +129 +0.1%
3 MSFT 4.34% 119,756 $58M $483.62 -$4M +78 +0.1%
4 GOOGL 4.02% 171,423 $54M $313.00 $11M -2,661 -1.5%
5 IVV 3.66% 71,404 $49M $684.94 $2M +1,329 +1.9%
6 AVGO 3.44% 132,578 $46M $346.10 $272K -5,681 -4.1%
7 NVDA 3.11% 222,358 $41M $186.50 $364K +2,046 +0.9%
8 WMT 2.81% 336,784 $38M $111.41 $2M -3,140 -0.9%
9 VSLU 2.71% 815,930 $36M $44.26 $2M +17,202 +2.1%
10 AMZN 2.33% 134,987 $31M $230.82 $1M -1,199 -0.9%
11 JPM 1.93% 79,738 $26M $322.22 $677K +430 +0.5%
12 EMR 1.91% 191,897 $25M $132.72 $424K +982 +0.5%
13 BRK-B 1.87% 49,765 $25M $502.65 -$503K -991 -1.9%
14 JNJ 1.86% 119,907 $25M $206.95 $2M -1,541 -1.3%
15 V 1.49% 56,801 $20M $350.71 $8M +21,627 +61.5%
16 RTX 1.43% 103,868 $19M $183.40 $2M -944 -0.9%
17 UNH 1.41% 56,838 $19M $330.11 -$751K +327 +0.6%
18 XLK 1.36% 125,924 $18M $143.97 $6M +82,505 +190.0%
19 VZ 1.34% 438,580 $18M $40.73 -$1M +305 +0.1%
20 CMI 1.30% 34,067 $17M $510.45 $2M -1,363 -3.9%
21 XLY 1.29% 144,400 $17M $119.41 $78K +72,771 +101.6%
22 ROP 1.28% 38,356 $17M $445.14 -$2M +981 +2.6%
23 BK 1.24% 142,617 $17M $116.09 $476K -4,961 -3.4%
24 TJX 1.15% 99,756 $15M $153.61 $841K -439 -0.4%
25 ACN 1.14% 56,768 $15M $268.30 -$819K -8,317 -12.8%
26 CSCO 1.12% 194,660 $15M $77.03 $2M -688 -0.3%
27 TMO 1.10% 25,376 $15M $579.46 $2M +101 +0.4%
28 AME 1.08% 70,168 $14M $205.31 $1M -499 -0.7%
29 GSLC 1.07% 108,338 $14M $132.37 $458K +1,777 +1.7%
30 META 1.07% 21,585 $14M $660.10 -$2M -579 -2.6%
31 CHRW 1.07% 88,473 $14M $160.76 $2M -5,711 -6.1%
32 SYK 1.02% 38,571 $14M $351.47 $457K +3,134 +8.8%
33 ABT 0.98% 104,349 $13M $125.29 -$729K +1,294 +1.3%
34 ABBV 0.97% 56,841 $13M $228.49 -$367K -838 -1.4%
35 LHX 0.96% 43,571 $13M $293.57 -$754K -780 -1.8%
36 AMP 0.94% 25,602 $13M $490.34 $55K +160 +0.6%
37 MRK 0.89% 113,106 $12M $105.26 $3M +1,322 +1.2%
38 HD 0.88% 34,314 $12M $344.10 -$2M -8 -0.0%
39 AMLP 0.87% 247,500 $12M $47.02 $371K +7,425 +3.1%
40 LOW 0.87% 48,226 $12M $241.16 -$335K +613 +1.3%
41 HON 0.85% 57,990 $11M $195.09 -$972K -372 -0.6%
42 MOAT 0.83% 106,560 $11M $103.56 $515K +414 +0.4%
43 BAC 0.82% 198,561 $11M $55.00 $789K +2,167 +1.1%
44 ICE 0.81% 66,946 $11M $161.96 -$225K +1,255 +1.9%
45 CSX 0.81% 298,850 $11M $36.25 $263K +1,179 +0.4%
46 QQQ 0.77% 16,635 $10M $614.32 -$140K -619 -3.6%
47 IVW 0.75% 80,746 $10M $123.26 -$120K -2,695 -3.2%
48 TXN 0.72% 55,095 $10M $173.49 -$614K -271 -0.5%
49 CVX 0.71% 62,608 $10M $152.41 -$128K +335 +0.5%
50 IJH 0.71% 143,940 $10M $66.00 $235K +1,969 +1.4%
51 CSL 0.70% 29,330 $9M $319.86 $1M +4,040 +16.0%
52 CRM 0.70% 35,245 $9M $264.91 $1M +623 +1.8%
53 NEE 0.67% 111,753 $9M $80.28 $517K -247 -0.2%
54 PEP 0.67% 61,858 $9M $143.52 $270K +564 +0.9%
55 O 0.66% 155,837 $9M $56.37 -$610K +1,303 +0.8%
56 XLF 0.65% 157,960 $9M $54.77 $334K +3,556 +2.3%
57 MCHP 0.61% 128,515 $8M $63.72 -$379K -4,906 -3.7%
58 TSLA 0.61% 18,045 $8M $449.71 $490K +898 +5.2%
59 XLP 0.58% 100,119 $8M $77.68 $53K +1,557 +1.6%
60 ADBE 0.56% 21,202 $7M $349.99 -$3M -8,284 -28.1%
61 XLE 0.49% 147,228 $7M $44.71 -$103K +72,393 +96.7%
62 LLY 0.41% 5,116 $5M $1,074.58 $2M +989 +24.0%
63 AMT 0.40% 30,151 $5M $175.57 -$1M -3,841 -11.3%
64 ZTS 0.36% 38,614 $5M $125.82 -$8M -49,119 -56.0%
65 JPST 0.35% 93,523 $5M $50.59 $682K +13,705 +17.2%
66 VCSH 0.34% 57,415 $5M $79.73 $2K +168 +0.3%
67 FDUS 0.30% 204,889 $4M $19.30 -$94K +5,050 +2.5%
68 BSCT 0.28% 197,110 $4M $18.84 $77K +3,829 +2.0%
69 BSCR 0.27% 182,174 $4M $19.74 $89K +4,222 +2.4%
70 SCHB 0.26% 131,936 $3M $26.23 -$904K -37,813 -22.3%
71 XLC 0.25% 28,530 $3M $117.72 $191K +1,773 +6.6%
72 BSCU 0.25% 196,267 $3M $16.92 $75K +4,218 +2.2%
73 BSCV 0.24% 194,149 $3M $16.70 $264K +15,643 +8.8%
74 BSCS 0.23% 150,119 $3M $20.60 $67K +3,028 +2.1%
75 CGBD 0.23% 241,050 $3M $12.49 $453K +36,400 +17.8%
76 VFH 0.22% 21,664 $3M $133.49 -$29K -593 -2.7%
77 SOXX 0.21% 9,527 $3M $301.15 $165K -447 -4.5%
78 BSCQ 0.20% 139,752 $3M $19.58 -$174K -8,978 -6.0%
79 BSCW 0.18% 116,675 $2M $20.88 $61K +2,970 +2.6%
80 VRT 0.18% 14,613 $2M $162.01 $54K -723 -4.7%
81 COST 0.17% 2,686 $2M $862.34 -$216K -50 -1.8%
82 BSCX 0.17% 104,472 $2M $21.46 $51K +2,410 +2.4%
83 FALN 0.17% 81,579 $2M $27.30 $53K +3,300 +4.2%
84 VDC 0.16% 10,196 $2M $211.24 -$80K -256 -2.5%
85 VIG 0.16% 9,444 $2M $219.78 $73K +164 +1.8%
86 AMD 0.15% 9,479 $2M $214.16 $97K -2,469 -20.7%
87 DLR 0.15% 12,889 $2M $154.71 -$792K -3,229 -20.0%
88 BKNG 0.15% 366 $2M $5,355.33 -$16K
89 TFC 0.14% 37,926 $2M $49.21 $68K -1,408 -3.6%
90 PANW 0.14% 9,845 $2M $184.20 $256K +2,195 +28.7%
91 PRF 0.13% 36,826 $2M $46.92 -$34K -2,150 -5.5%
92 INTU 0.13% 2,584 $2M $662.36 -$169K -170 -6.2%
93 XOM 0.12% 13,595 $2M $120.34 $69K -301 -2.2%
94 WSM 0.12% 8,954 $2M $178.59 -$190K -200 -2.2%
95 PG 0.12% 10,990 $2M $143.30 $152K +1,727 +18.6%
96 DUK 0.12% 13,220 $2M $117.21 -$48K +310 +2.4%
97 BSCY 0.11% 70,439 $1M $21.02 $192K +9,121 +14.9%
98 VYM 0.11% 10,060 $1M $143.52 $25K -8 -0.1%
99 AZO 0.11% 419 $1M $3,391.50 $95K +110 +35.6%
100 IGV 0.10% 13,100 $1M $105.69 $22K +1,250 +10.6%

New Positions

SymbolValue% Port
AKRE $547K 0.04%
PFF $495K 0.04%
TRGP $406K 0.03%
EPD $334K 0.03%
PH $305K 0.02%
MS $275K 0.02%
ET $271K 0.02%
NUE $225K 0.02%
ENB $214K 0.02%
NRP $204K 0.02%
FCX $202K 0.02%
BSM $191K 0.01%
FLO $129K 0.01%
AREC $124K 0.01%

Sold Out Positions

SymbolValue% Port
BDX —%
MCD —%
ASTS —%
KMB —%
KDP —%
MTCH —%
VOOG —%
CMCSA —%
EEM —%
TW —%
BSCP —%
View SEC EDGAR Filings for NOVARE CAPITAL MANAGEMENT LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms