1y return+16.8%S&P 500 +20.9%
3y return+48.5%S&P 500 +68.5%
5y return+47.9%S&P 500 +74.5%
10y return+137.9%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $238 against $357 in the S&P 500.2
Novare Capital Management LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SPYState Str Spdr S&p 500 Etf T | $77.5M | 5.5% | |
| AAPLApple Inc | $64.4M | 4.6% | |
| IVVIshares Tr | $60.2M | 4.3% | +12.0% |
| GOOGLAlphabet Inc | $52.4M | 3.7% | −1.7% |
| XLKSelect Sector Spdr Tr | $49.8M | 3.5% | +13.7% |
| MSFTMicrosoft Corp | $44.9M | 3.2% | |
| NVDANvidia Corporation | $42.5M | 3.0% | −1.3% |
| AVGOBroadcom Inc | $40.6M | 2.9% | −2.6% |
| VSLUEtf Opportunities Trust | $34.8M | 2.5% | −6.5% |
| AMZNAmazon Com Inc | $32.8M | 2.3% | +3.8% |
| WMTWalmart Inc | $32.4M | 2.3% | −8.1% |
| JNJJohnson & Johnson | $28.9M | 2.0% | −1.2% |
| EMREmerson Elec Co | $26.6M | 1.9% | |
| JPMJpmorgan Chase & Co | $24.5M | 1.7% | −2.0% |
| BRK/BBerkshire Hathaway Inc Del | $23.6M | 1.7% | −1.1% |
| VVisa Inc | $22.9M | 1.6% | |
| UNHUnitedhealth Group Inc | $22.2M | 1.6% | −2.5% |
| SOXXIshares Tr | $21.6M | 1.5% | |
| CSCOCisco Sys Inc | $20.4M | 1.4% | −9.6% |
| CMICummins Inc | $19.2M | 1.4% | −13.4% |
| BNYBank Of Ny Mellon Corp | $19.1M | 1.4% | −4.3% |
| RTXRtx Corporation | $18.1M | 1.3% | −1.9% |
| XLYSelect Sector Spdr Tr | $16.2M | 1.2% | −2.0% |
| TXNTexas Instrs Inc | $15.8M | 1.1% | −4.3% |
| AMEAmetek Inc | $15.6M | 1.1% | −3.2% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $40.6M |
| NVDANvidia Corporation | December 31, 2021 | +580.3% | $42.5M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $52.4M |
| CMICummins Inc | June 30, 2020 | +311.7% | $19.2M |
| XLKSelect Sector Spdr Tr | June 30, 2020 | +264.7% | $49.8M |
| SOXXIshares Tr | December 31, 2021 | +254.4% | $21.6M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $24.5M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $64.4M |
| RTXRtx Corporation | June 30, 2020 | +207.9% | $18.1M |
| BNYBank Of Ny Mellon Corp | March 31, 2021 | +205.8% | $19.1M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $12.6M
- ZTSZoetis Inc was $4.7M
- THOThor Inds Inc was $397K
- GLDSpdr Gold Tr was $290K
- ISRGIntuitive Surgical Inc was $227K
- SONSonoco Prods Co was $200K
- JEPIJ P Morgan Exchange Traded F was $200K
- PDMPiedmont Realty Trust Inc was $75K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +10.7% | +14.8% |
| March 31, 2026 | −3.6% | −4.6% |
| December 31, 2025 | +2.7% | +2.4% |
| September 30, 2025 | +6.6% | +7.8% |
| June 30, 2025 | +6.8% | +10.5% |
| March 31, 2025 | −3.6% | −4.6% |
| December 31, 2024 | +0.4% | +2.1% |
| September 30, 2024 | +6.3% | +5.4% |
| June 30, 2024 | +1.1% | +4.0% |
| March 31, 2024 | +7.7% | +10.0% |
| December 31, 2023 | +10.2% | +11.2% |
| September 30, 2023 | −3.6% | −3.6% |
| June 30, 2023 | +6.7% | +8.3% |
| March 31, 2023 | +4.5% | +7.0% |
| December 31, 2022 | +8.8% | +7.1% |
| September 30, 2022 | −5.0% | −5.3% |
| June 30, 2022 | −13.8% | −16.5% |
| March 31, 2022 | −6.0% | −4.9% |
| December 31, 2021 | +7.6% | +10.7% |
| September 30, 2021 | −0.9% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Novare Capital Management LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1388409&type=13F-HR&dateb=&owner=include&count=40CIK 1388409
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1388409/000195175726001176/Filed August 7, 2026 · accession 0001951757-26-001176