NCM Capital Management, LLC
CIK 1907054 · View on SEC EDGAR ↗
- Portfolio value
- $324.5M
- Positions
- 194
- As of
- June 30, 2026
#4,948 of 9,443 by 13F value · top 52.4%
Portfolio value QoQ: +16.2% 13F does not disclose cash
- Top 10 holdings weight
- 35.70%
- Top 25 holdings weight
- 55.22%
- Positions above 1%
- 19
- Effective number of positions
- 47.7
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 2.06% Est. buys $27,873,589 · sells $6,224,772
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 89.4% still held
- New positions
- 16
- Increased
- 75
- Decreased
- 48
- Closed
- 7
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
18.5%
Industrials
5.9%
Energy
5.2%
Healthcare
4.9%
Financials
3.1%
Communication Services
2.9%
Retail
2.1%
Financial Services
1.2%
Consumer Discretionary
1.0%
Utilities
0.9%
Consumer products
0.7%
Telecommunication
0.5%
Consumer Staples
0.5%
Materials
0.4%
Communications
0.3%
Real Estate
0.3%
Logistics & Transportation
0.1%
Other/Unmapped
51.3%
Full portfolio 194 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| NVDA NVIDIA Corporation - Common Stock | $28,880,745 | 8.90% | 144,339 | $6,251,338 | Up ×1 | ||
| TPL Texas Pacific Land Corporation Common Stock | $13,017,168 | 4.01% | 29,744 | $-1,057,630 | Up ×1 | ||
| DIVO | $12,611,004 | 3.89% | 275,952 | $229,596 | Down ×4 | ||
| TCAF | $10,798,720 | 3.33% | 262,743 | $2,726,102 | Up ×6 | ||
| AVUV | $9,407,279 | 2.90% | 75,403 | $1,198,042 | Up ×1 | ||
| SCHD | $8,882,658 | 2.74% | 280,122 | $835,951 | Up ×1 | ||
| JEPI | $8,405,377 | 2.59% | 148,820 | $209,052 | Up ×3 | ||
| AAPL Apple Inc. - Common Stock | $8,156,060 | 2.51% | 28,187 | $1,256,919 | Up ×2 | ||
| VUG | $8,008,836 | 2.47% | 92,975 | $1,503,278 | Up ×2 | ||
| INFL | $7,673,442 | 2.36% | 153,838 | $711,574 | Up ×6 | ||
| JPM JP Morgan Chase & Co. Common Stock | $7,180,700 | 2.21% | 21,937 | $860,758 | Up ×1 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $7,071,549 | 2.18% | 19,788 | $1,734,231 | Up ×2 | ||
| MSFT Microsoft Corporation - Common Stock | $6,399,377 | 1.97% | 17,156 | $97,736 | Up ×2 | ||
| VIGI Vanguard International Dividend Appreciation ETF | $5,123,539 | 1.58% | 54,868 | $301,837 | Up ×2 | ||
| AMD Advanced Micro Devices, Inc. - Common Stock | $4,462,792 | 1.38% | 7,682 | $2,897,924 | Down ×1 | ||
| ACIO | $4,247,575 | 1.31% | 92,058 | $615,649 | Up ×6 | ||
| LLY Eli Lilly and Company Common Stock | $3,494,861 | 1.08% | 2,914 | $801,187 | Down ×3 | ||
| GLW Corning Incorporated Common Stock | $3,380,020 | 1.04% | 13,233 | $1,580,863 | Up ×1 | ||
| JMST | $3,323,438 | 1.02% | 65,165 | $-284,184 | Down ×1 | ||
| XAR | $3,225,656 | 0.99% | 11,366 | $310,168 | Down ×1 | ||
| GDX GDX | $3,178,314 | 0.98% | 42,125 | $-687,476 | |||
| MU Micron Technology, Inc. - Common Stock | $3,174,298 | 0.98% | 2,750 | $2,245,238 | |||
| INTC Intel Corporation - Common Stock | $3,066,210 | 0.94% | 21,960 | $1,673,488 | Down ×3 | ||
| VTI | $3,019,156 | 0.93% | 8,159 | $508,818 | Up ×1 | ||
| GQGU | $3,000,223 | 0.92% | 118,119 | $1,266,600 | Up ×1 | ||
| TCAL | $2,932,233 | 0.90% | 132,083 | $318,030 | Up ×4 | ||
| GEV GE Vernova Inc. Common Stock | $2,749,222 | 0.85% | 2,340 | $532,041 | Down ×1 | ||
| MMM 3M Company Common Stock | $2,721,305 | 0.84% | 16,808 | $334,884 | Up ×3 | ||
| IYW | $2,612,965 | 0.81% | 10,359 | $722,246 | Down ×2 | ||
| VLUE | $2,472,772 | 0.76% | 12,376 | $706,126 | Down ×1 | ||
| VHT | $2,394,209 | 0.74% | 8,007 | $206,915 | Down ×4 | ||
| MRK Merck & Company, Inc. Common Stock (new) | $2,369,623 | 0.73% | 18,441 | $278,108 | Up ×1 | ||
| COWZ | $2,322,687 | 0.72% | 37,342 | $-13,381 | Up ×1 | ||
| XOM Exxon Mobil Corporation Common Stock | $2,281,268 | 0.70% | 16,686 | $-464,797 | Up ×1 | ||
| NEE NextEra Energy, Inc. Common Stock | $2,281,235 | 0.70% | 25,991 | $332,252 | Up ×3 | ||
| QQQ Invesco QQQ Trust, Series 1 | $2,220,391 | 0.68% | 3,015 | $693,059 | Up ×1 | ||
| CAT Caterpillar, Inc. Common Stock | $2,162,285 | 0.67% | 2,031 | $723,816 | Up ×1 | ||
| IBM International Business Machines Corporation Common Stock | $2,102,888 | 0.65% | 7,478 | $619,461 | Up ×2 | ||
| ETN Eaton Corporation, PLC Ordinary Shares | $2,102,045 | 0.65% | 4,933 | $328,796 | Down ×2 | ||
| HD Home Depot, Inc. (The) Common Stock | $2,083,633 | 0.64% | 5,908 | $156,995 | Up ×1 | ||
| RSP | $2,075,548 | 0.64% | 9,755 | $205,081 | Up ×2 | ||
| XLK XLK | $2,069,052 | 0.64% | 10,860 | $625,755 | |||
| AMZN Amazon.com, Inc. - Common Stock | $1,995,815 | 0.62% | 8,374 | $340,316 | Up ×1 | ||
| ABBV AbbVie Inc. Common Stock | $1,955,113 | 0.60% | 7,769 | $319,791 | Up ×1 | ||
| IVV | $1,935,208 | 0.60% | 2,584 | $394,219 | Up ×1 | ||
| DVY iShares Select Dividend ETF | $1,918,358 | 0.59% | 12,274 | $61,533 | Up ×1 | ||
| XLU XLU | $1,901,783 | 0.59% | 41,945 | $-47,056 | Down ×2 | ||
| HDV | $1,828,542 | 0.56% | 66,711 | $18,201 | Up ×1 | ||
| MS Morgan Stanley Common Stock | $1,810,444 | 0.56% | 8,661 | $387,722 | Up ×1 | ||
| IEFA | $1,662,409 | 0.51% | 17,213 | $105,995 | Up ×1 | ||
| BUG Global X Cybersecurity ETF | $1,635,143 | 0.50% | 42,816 | $581,849 | Up ×6 | ||
| BAC Bank of America Corporation Common Stock | $1,624,906 | 0.50% | 28,517 | $235,365 | Up ×1 | ||
| QCOM QUALCOMM Incorporated - Common Stock | $1,615,760 | 0.50% | 8,744 | $484,391 | Down ×3 | ||
| PG Procter & Gamble Company (The) Common Stock | $1,600,772 | 0.49% | 10,916 | $349,777 | Up ×3 | ||
| JNJ Johnson & Johnson Common Stock | $1,536,367 | 0.47% | 6,049 | $58,314 | Up ×2 | ||
| VTWO Vanguard Russell 2000 ETF | $1,496,866 | 0.46% | 12,328 | $261,970 | |||
| IJH | $1,475,808 | 0.45% | 19,139 | $169,845 | Down ×1 | ||
| HELO | $1,407,220 | 0.43% | 20,823 | $73,235 | Down ×2 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $1,404,370 | 0.43% | 3,975 | $635,106 | Up ×1 | ||
| MDY | $1,398,240 | 0.43% | 1,988 | $172,121 | |||
| VZ Verizon Communications Inc. Common Stock | $1,365,446 | 0.42% | 32,250 | $-299,733 | Down ×2 | ||
| DGRO | $1,353,569 | 0.42% | 17,859 | $39,837 | Down ×2 | ||
| AVES | $1,267,114 | 0.39% | 19,316 | $122,630 | Up ×6 | ||
| GILD Gilead Sciences, Inc. - Common Stock | $1,250,936 | 0.39% | 9,901 | $-128,692 | Up ×1 | ||
| CVX Chevron Corporation Common Stock | $1,203,783 | 0.37% | 7,262 | $-330,426 | Down ×2 | ||
| JIVE JPMorgan International Value ETF | $1,200,004 | 0.37% | 13,050 | $452,798 | Up ×2 | ||
| JEPQ JPMorgan Nasdaq Equity Premium Income ETF | $1,176,296 | 0.36% | 19,139 | $106,834 | Down ×1 | ||
| JPIE | $1,139,738 | 0.35% | 24,750 | $-5,102 | Down ×1 | ||
| XLP XLP | $1,119,655 | 0.35% | 13,478 | $37,837 | Up ×6 | ||
| VYM | $1,106,210 | 0.34% | 7,000 | $46,406 | Down ×1 | ||
| MCD McDonald's Corporation Common Stock | $1,100,270 | 0.34% | 4,070 | $17,249 | Up ×2 | ||
| PEP PepsiCo, Inc. - Common Stock | $1,092,025 | 0.34% | 8,065 | $-187,067 | Down ×2 | ||
| WPM Wheaton Precious Metals Corp Common Shares (Canada) | $1,081,815 | 0.33% | 9,632 | $-179,821 | Up ×1 | ||
| BMY Bristol-Myers Squibb Company Common Stock | $1,078,780 | 0.33% | 18,722 | $-56,330 | Up ×1 | ||
| RTX RTX Corporation Common Stock | $1,009,028 | 0.31% | 5,318 | $41,101 | Up ×1 | ||
| CVS CVS Health Corporation Common Stock | $995,908 | 0.31% | 9,627 | $296,850 | Down ×1 | ||
| BRKB | $994,775 | 0.31% | 1,988 | $363,189 | Up ×1 | ||
| KNG | $992,909 | 0.31% | 19,662 | $57,337 | Up ×6 | ||
| IVW | $990,216 | 0.31% | 7,200 | $153,994 | Down ×1 | ||
| WMT Walmart Inc. - Common Stock | $981,093 | 0.30% | 8,662 | $36,937 | Up ×1 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $980,086 | 0.30% | 8,344 | $309,398 | Down ×1 | ||
| PFE Pfizer, Inc. Common Stock | $929,015 | 0.29% | 38,580 | $179,297 | Up ×2 | ||
| AVDV | $927,948 | 0.29% | 9,005 | $121,147 | Up ×6 | ||
| BX Blackstone Inc. Common Stock | $861,697 | 0.27% | 7,323 | $19,625 | |||
| AMGN Amgen Inc. - Common Stock | $842,988 | 0.26% | 2,328 | $21,292 | Down ×2 | ||
| QUAL | $842,392 | 0.26% | 3,839 | $86,852 | Down ×1 | ||
| BA Boeing Company (The) Common Stock | $840,867 | 0.26% | 3,884 | $67,745 | |||
| IWM | $840,866 | 0.26% | 2,799 | $141,733 | Down ×3 | ||
| LMT Lockheed Martin Corporation Common Stock | $838,194 | 0.26% | 1,645 | $-155,844 | |||
| DIS Walt Disney Company (The) Common Stock | $837,297 | 0.26% | 8,699 | $78,382 | Up ×1 | ||
| DFAT | $823,024 | 0.25% | 11,774 | $89,695 | Up ×4 | ||
| TXN Texas Instruments Incorporated - Common Stock | $821,645 | 0.25% | 2,757 | $218,688 | Down ×1 | ||
| WRB W.R. Berkley Corporation Common Stock | $794,114 | 0.24% | 11,259 | $47,851 | |||
| SHY iShares 1-3 Year Treasury Bond ETF | $789,368 | 0.24% | 9,614 | $-258,325 | Down ×2 | ||
| SPY SPY | $778,881 | 0.24% | 1,043 | $96,024 | Down ×1 | ||
| GM General Motors Company Common Stock | $749,225 | 0.23% | 9,720 | $10,261 | Down ×1 | ||
| KMB Kimberly-Clark Corporation - Common Stock | $737,058 | 0.23% | 6,715 | $103,774 | Up ×3 | ||
| WM Waste Management, Inc. Common Stock | $730,214 | 0.23% | 3,276 | $-22,334 | Up ×1 | ||
| DFEV | $729,607 | 0.22% | 17,100 | $158,916 | Up ×6 | ||
| TLTW | $714,194 | 0.22% | 31,969 | $-12,776 | Down ×1 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| TCAF | $10,798,720 | 3.33% | up ×6 |
| JEPI | $8,405,377 | 2.59% | up ×3 |
| INFL | $7,673,442 | 2.36% | up ×6 |
| ACIO | $4,247,575 | 1.31% | up ×6 |
| TCAL | $2,932,233 | 0.90% | up ×4 |
| MMM | $2,721,305 | 0.84% | up ×3 |
| NEE | $2,281,235 | 0.70% | up ×3 |
| BUG | $1,635,143 | 0.50% | up ×6 |
| PG | $1,600,772 | 0.49% | up ×3 |
| AVES | $1,267,114 | 0.39% | up ×6 |
| XLP | $1,119,655 | 0.35% | up ×6 |
| KNG | $992,909 | 0.31% | up ×6 |
| AVDV | $927,948 | 0.29% | up ×6 |
| DFAT | $823,024 | 0.25% | up ×4 |
| KMB | $737,058 | 0.23% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| DYNF | $510,075 | 7,500 | 0.16% |
| Unknown issuer (CUSIP: 438516205) | $488,998 | 2,184 | 0.15% |
| Unknown issuer (CUSIP: 43849R105) | $482,839 | 2,184 | 0.15% |
| Unknown issuer (CUSIP: 84615Q103) | $477,554 | 2,795 | 0.15% |
| CGDV | $379,456 | 7,700 | 0.12% |
| MRVL | $362,830 | 1,218 | 0.11% |
| NMZ | $321,867 | 30,451 | 0.10% |
| FTLS | $319,333 | 4,327 | 0.10% |
| MDT | $279,513 | 3,573 | 0.09% |
| AMAT | $277,632 | 384 | 0.09% |
| SPSM | $215,455 | 3,736 | 0.07% |
| EBAY | $213,331 | 1,909 | 0.07% |
| NTRS | $208,608 | 1,200 | 0.06% |
| COP | $206,672 | 1,988 | 0.06% |
| NUE | $200,475 | 900 | 0.06% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| NVDA | Bought more | +15K | +$6.3M |
| AMD | Trimmed | -10 | +$2.9M |
| TCAF | Bought more | +36K | +$2.7M |
| MU | Price move only | +0 | +$2.2M |
| GOOGL | Bought more | +1K | +$1.7M |
| INTC | Trimmed | -10K | +$1.7M |
| GLW | Bought more | +1 | +$1.6M |
| VUG | Bought more | +78K | +$1.5M |
| GQGU | Bought more | +54K | +$1.3M |
| AAPL | Bought more | +1K | +$1.3M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| TSLA | June 30, 2025 | 4,018 | $1,041,305 | 9.8% |
| HON | June 30, 2026 | 4,375 | $988,802 | -1.9% |
| TPH | June 30, 2026 | 20,100 | $939,273 | No longer tracked |
| SPYM | Sept. 30, 2025 | 6,651 | $503,214 | No longer tracked |
| AVGO | March 31, 2025 | 1,659 | $384,623 | 122.6% |
| SUB | Sept. 30, 2025 | 3,596 | $384,066 | No longer tracked |
| NXJ | June 30, 2026 | 25,853 | $317,992 | No longer tracked |
| TMO | June 30, 2025 | 495 | $246,312 | 53.0% |
| ADP | Sept. 30, 2025 | 768 | $236,831 | -4.9% |
| ACN | June 30, 2026 | 1,182 | $234,422 | 46.7% |
| V | Sept. 30, 2025 | 649 | $230,225 | 7.7% |
| BND | Dec. 31, 2025 | 3,038 | $225,936 | |
| ABNB | March 31, 2025 | 1,700 | $223,397 | 54.8% |
| RCL | Dec. 31, 2025 | 677 | $219,200 | 4.9% |
| DHR | March 31, 2025 | 939 | $215,547 | 4.4% |
| PYPL | Dec. 31, 2025 | 3,199 | $214,525 | 6.6% |
| CRM | March 31, 2025 | 641 | $214,259 | -23.4% |
| IP | Dec. 31, 2025 | 4,600 | $213,440 | 3.8% |
| META | Dec. 31, 2025 | 290 | $212,817 | -16.9% |
| WBI | Dec. 31, 2025 | 8,400 | $211,848 | 62.3% |
| IEI | June 30, 2026 | 1,760 | $208,736 | |
| FDX | June 30, 2026 | 575 | $204,804 | 5.2% |
| PAVE | March 31, 2025 | 5,006 | $202,276 | No longer tracked |
| V | March 31, 2026 | 571 | $200,255 | 21.7% |
| F | Dec. 31, 2025 | 12,829 | $153,436 | 9.4% |
| KRP | June 30, 2025 | 10,784 | $150,976 | 9.6% |
| DSL | Dec. 31, 2025 | 12,100 | $148,588 | -6.1% |
| DBRG | Dec. 31, 2025 | 10,000 | $117,000 | 3.8% |
| VKQ | Dec. 31, 2025 | 11,476 | $110,743 | 0.5% |
| VKQ | June 30, 2026 | 11,476 | $109,252 | -3.4% |
| BGS | June 30, 2025 | 11,500 | $79,005 | -20.5% |
| BGS | Dec. 31, 2025 | 10,318 | $45,707 | -21.8% |