NBW Capital LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed June 13, 2024), NBW Capital LLC reported 111 stock positions worth $489.2 million. Its top holding was Alphabet Class A (GOOGL) at 4.3% of the portfolio, followed by Microsoft (MSFT, 4.2%) and SS SPDR S&P 500 ETF Trust-US (SPY, 3.6%). Compared with Q4 2023, it opened 12 new positions, sold out of 8, added to 55 and reduced 43. The biggest buy was Chart Industries (GTLS, shares +29%) and the biggest sale an exit from Splunk (SPLK).
- Most Recent 13F
- Q2 2025
- Location
- BOSTON, MA
- CIK
- 0001512901
- Portfolio Value
- $489.2M (Q1 2024)
- SEC Filing
- 0001512901-24-000002 ↗ filed Jun 13, 2024
Holdings Value
Holdings 111 stocks · $489.2M
| GOOGL Alphabet Inc. Class A | 4.33% | 140,381 | $21.2M | Add +0.1% |
| MSFT Microsoft Corp. | 4.16% | 48,373 | $20.4M | Add +1.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.63% | 33,989 | $17.8M | Reduce -2.8% |
| ENLC Enlink Midstream LLC | 3.06% | 1,098,404 | $15.0M | Add +5.7% |
| AAPL Apple Inc. | 3.02% | 86,239 | $14.8M | Reduce -0.8% |
| ET Energy Transfer LP | 2.95% | 918,424 | $14.4M | Add +0.2% |
| MPLX MPLX LP | 2.36% | 277,436 | $11.5M | Add +2.0% |
| WES Western Midstream Partners L | 2.34% | 321,932 | $11.4M | Reduce -0.0% |
| WMB Williams Cos Inc. | 2.16% | 270,546 | $10.5M | Add +3.4% |
| JPM JPMorgan Chase & Co. | 2.14% | 52,315 | $10.5M | Add +2.6% |
| PHM Pultegroup Inc. | 2.07% | 83,862 | $10.1M | Reduce -4.2% |
| GTLS Chart Industries Inc. | 1.97% | 58,651 | $9.7M | Add +28.6% |
| PAA Plains All Amer Pipeline LP | 1.89% | 526,843 | $9.3M | Add +1.0% |
| ADI Analog Devices Inc. | 1.88% | 46,392 | $9.2M | Add +5.6% |
| VRTX Vertex Pharmaceuticals Inc. | 1.75% | 20,443 | $8.5M | Add +5.2% |
| LNG Cheniere Energy Inc. | 1.73% | 52,365 | $8.4M | Reduce -0.3% |
| ITW Illinois Tool Works | 1.70% | 31,061 | $8.3M | Add +3.6% |
| ROP Roper Technologies Inc. | 1.70% | 14,844 | $8.3M | Add +4.5% |
| IWO iShares Russell 2000 Growth | 1.68% | 30,322 | $8.2M | Reduce -0.3% |
| PATK Patrick Industries Inc. | 1.65% | 67,470 | $8.1M | Reduce -4.5% |
| PLMR Palomar Holdings Inc. | 1.63% | 95,222 | $8.0M | Add +0.5% |
| PANW Palo Alto Networks Inc. | 1.62% | 27,956 | $7.9M | Reduce -9.1% |
| AM Antero Midstream Corp. | 1.55% | 539,409 | $7.6M | Add +2.1% |
| EPD Enterprise Products Partners | 1.53% | 256,927 | $7.5M | Add +2.5% |
| AMT American Tower Corp. | 1.46% | 36,087 | $7.1M | Add +5.9% |
| ONEW Onewater Marine Inc. Class A | 1.46% | 253,079 | $7.1M | Add +1.6% |
| HQY Healthequity Inc. | 1.44% | 86,391 | $7.1M | Reduce -0.3% |
| BSX Boston Scientific Corp. | 1.44% | 102,690 | $7.0M | Reduce -1.4% |
| DSGX The Descartes Systems Grp | 1.34% | 71,509 | $6.5M | Add +3.5% |
| AROC Archrock Inc. | 1.34% | 332,164 | $6.5M | Reduce -9.8% |
| STE Steris PLC | 1.29% | 28,139 | $6.3M | Add +5.3% |
| WFC Wells Fargo & Co. | 1.29% | 108,685 | $6.3M | Reduce -0.3% |
| DHR Danaher Corp. | 1.26% | 24,779 | $6.2M | Add +3.8% |
| RGEN Repligen Corp. | 1.26% | 33,616 | $6.2M | Add +1.8% |
| MAS Masco Corp. | 1.26% | 77,896 | $6.1M | Reduce -20.9% |
| TYL Tyler Technologies Inc. | 1.25% | 14,331 | $6.1M | Add +7.4% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 1.15% | 74,675 | $5.6M | Reduce -32.0% |
| MLPB Etracs Alerian Infrast Ser B filed as UBS AG LONDON BRANCH | 1.15% | 233,776 | $5.6M | Reduce -1.5% |
| MCD McDonald's Corp. | 1.15% | 20,013 | $5.6M | Add +10.7% |
| MA Mastercard Inc. Class A | 1.13% | 11,435 | $5.5M | Add +3.5% |
| PAGP Plains GP Holdings LP | 1.11% | 298,285 | $5.4M | Reduce -4.2% |
| Secure Energy Services, Inc. | 1.09% | 645,332 | $5.3M | Reduce -4.3% |
| HASI Ha Sustainable Infrastructur filed as HANNON ARMSTRONG SUST INFR C | 1.04% | 179,929 | $5.1M | Add +3.0% |
| GLD SPDR Gold Shares | 1.04% | 24,798 | $5.1M | Add +3.4% |
| EIDO iShares MSCI Indonesia ETF | 1.03% | 224,111 | $5.0M | Add +22.2% |
| V Visa Inc. Class A | 1.03% | 18,049 | $5.0M | Add +2.8% |
| BPMC Blueprint Medicines Corp. | 0.99% | 50,944 | $4.8M | Reduce -3.4% |
| EA Electronic Arts Inc. | 0.95% | 34,916 | $4.6M | Add +7.5% |
| INDA iShares MSCI India ETF | 0.92% | 86,959 | $4.5M | Add +3.3% |
| NKE Nike Inc. Class B | 0.91% | 47,539 | $4.5M | Add +0.9% |
| ORLY O'reilly Automotive Inc. | 0.90% | 3,889 | $4.4M | Add +1.9% |
| RJF Raymond James Financial Inc. | 0.89% | 33,848 | $4.3M | Add +0.5% |
| UNH Unitedhealth Group Inc. | 0.87% | 8,611 | $4.3M | Reduce -20.7% |
| MBUU Malibu Boats Inc. Class A | 0.85% | 96,386 | $4.2M | Add +2.1% |
| NOC Northrop Grumman Corp. | 0.85% | 8,690 | $4.2M | Add +7.8% |
| WM Waste Management Inc. | 0.83% | 18,976 | $4.0M | Reduce -16.8% |
| CIVI Civitas Resources Inc. | 0.74% | 47,605 | $3.6M | Reduce -0.4% |
| ETRN Equitrans Midstream Corp. | 0.74% | 288,953 | $3.6M | Add +4.2% |
| HESM Hess Midstream LP Class A | 0.72% | 97,688 | $3.5M | Reduce -3.9% |
| ATI Ati Inc. | 0.71% | 67,681 | $3.5M | Reduce -29.3% |
| FTV Fortive Corp. | 0.70% | 40,037 | $3.4M | Add +1.6% |
| SONO Sonos Inc. | 0.60% | 153,189 | $2.9M | Reduce -2.5% |
| FOXF Fox Factory Holding Corp. | 0.56% | 52,214 | $2.7M | Reduce -0.6% |
| NGL NGL Energy Partners LP | 0.52% | 438,962 | $2.5M | Add +40.7% |
| ROCK Gibraltar Industries Inc. | 0.43% | 26,156 | $2.1M | New |
| HXL Hexcel Corp. | 0.40% | 26,944 | $2.0M | Add +11.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.34% | 43,279 | $1.6M | Reduce -3.1% |
| SYRE Spyre Therapeutics Inc. | 0.27% | 34,360 | $1.3M | New |
| AMJ JPMorgan Alerian MLP Index | 0.20% | 33,901 | $966K | Add +103.0% |
| IWM iShares Russell 2000 ETF | 0.16% | 3,668 | $771K | Add +183.2% |
| LLY Eli Lilly & Co. | 0.14% | 876 | $681K | Add +13.3% |
| VLTO Veralto Corp. | 0.13% | 7,266 | $644K | Reduce -0.5% |
| ABBV Abbvie Inc. | 0.11% | 3,051 | $556K | Add +0.4% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.10% | 6,997 | $512K | Reduce -2.8% |
| XLE SS Energy Select Sector | 0.09% | 4,605 | $435K | Add +4.1% |
| KMI Kinder Morgan Inc. | 0.08% | 22,124 | $406K | Reduce -28.2% |
| PEP Pepsico Inc. | 0.08% | 2,139 | $374K | Add +12.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.08% | 1,930 | $369K | Reduce -17.6% |
| DFAC Dimensional US Core Equity 2 | 0.06% | 9,568 | $306K | New |
| QQQ Invesco QQQ Trust Series 1 | 0.06% | 687 | $305K | Reduce -52.9% |
| AMGN Amgen Inc. | 0.06% | 1,066 | $303K | Add +24.8% |
| OKE Oneok Inc. | 0.06% | 3,780 | $303K | Reduce -0.3% |
| IVV iShares Core S&P 500 ETF | 0.06% | 572 | $301K | Reduce -2.4% |
| MRK Merck & Co. Inc. | 0.06% | 2,152 | $284K | Add +0.1% |
| PG The Procter & Gamble Co. | 0.06% | 1,684 | $273K | New |
| TGT Target Corp. | 0.05% | 1,507 | $267K | New |
| PSX Phillips 66 | 0.05% | 1,598 | $261K | New |
| GS Goldman Sachs Group Inc. | 0.05% | 614 | $256K | Reduce -3.6% |
| SO The Southern Co. | 0.05% | 3,554 | $255K | Reduce -2.0% |
| NEE Nextera Energy Inc. | 0.05% | 3,982 | $254K | Reduce -2.2% |
| JNJ Johnson & Johnson | 0.05% | 1,580 | $250K | Add +22.3% |
| VZ Verizon Communications Inc. | 0.05% | 5,926 | $249K | Add +2.2% |
| MDT Medtronic Inc | 0.05% | 2,806 | $245K | Reduce -0.2% |
| WELL Welltower Inc. | 0.05% | 2,590 | $242K | New |
| MO Altria Group Inc. | 0.05% | 5,544 | $242K | New |
| KO The Coca-Cola Co. | 0.05% | 3,939 | $241K | Add +0.0% |
| TXN Texas Instruments Inc. | 0.05% | 1,377 | $240K | New |
| CSCO Cisco Systems Inc. | 0.05% | 4,804 | $240K | Reduce -1.9% |
| MS Morgan Stanley | 0.05% | 2,533 | $239K | Reduce -1.4% |
| BLK BlackRock Finance Inc. | 0.05% | 286 | $238K | Reduce -16.6% |
Portfolio Sells Q4 2023 → Q1 2024
| SPLK Splunk Inc. | Sold out | 0.00% | −1.82 |
| AAPL Apple Inc. | Reduce -0.8% | 3.02% | −0.64 |
| BJ Bj's Wholesale Club Holdings | Reduce -32.0% | 1.15% | −0.45 |
| UNH Unitedhealth Group Inc. | Reduce -20.7% | 0.87% | −0.38 |
| PANW Palo Alto Networks Inc. | Reduce -9.1% | 1.62% | −0.36 |
| ATI Ati Inc. | Reduce -29.3% | 0.71% | −0.25 |
| LNG Cheniere Energy Inc. | Reduce -0.3% | 1.73% | −0.24 |
| FOXF Fox Factory Holding Corp. | Reduce -0.6% | 0.56% | −0.22 |
| MAS Masco Corp. | Reduce -20.9% | 1.26% | −0.19 |
| BPMC Blueprint Medicines Corp. | Reduce -3.4% | 0.99% | −0.08 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -52.9% | 0.06% | −0.07 |
| WM Waste Management Inc. | Reduce -16.8% | 0.83% | −0.07 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.07 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.07 |
| BX Blackstone Inc. | Sold out | 0.00% | −0.06 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.05 |
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −0.05 |
| MMM 3M Co. | Sold out | 0.00% | −0.05 |
| KMI Kinder Morgan Inc. | Reduce -28.2% | 0.08% | −0.04 |
| IWR iShares Russell Mid-Cap ETF | Reduce -30.4% | 0.05% | −0.02 |
| GLO Clough Global Opportunities | Sold out | 0.00% | −0.02 |
| BLK BlackRock Finance Inc. | Reduce -16.6% | 0.05% | −0.01 |
| PLD Prologis Inc. | Reduce -11.1% | 0.05% | −0.01 |
| IBM Intl Business Machines Corp. | Reduce -17.6% | 0.08% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.8% | 3.63% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -1.9% | 0.05% | −0.01 |
| T AT&T Inc. | Reduce -7.4% | 0.05% | −0.01 |
| MS Morgan Stanley | Reduce -1.4% | 0.05% | −0.00 |
| SO The Southern Co. | Reduce -2.0% | 0.05% | −0.00 |
| NEE Nextera Energy Inc. | Reduce -2.2% | 0.05% | −0.00 |
| IWO iShares Russell 2000 Growth | Reduce -0.3% | 1.68% | −0.00 |
| GS Goldman Sachs Group Inc. | Reduce -3.6% | 0.05% | −0.00 |
| MDT Medtronic Inc | Reduce -0.2% | 0.05% | −0.00 |
| IVV iShares Core S&P 500 ETF | Reduce -2.4% | 0.06% | +0.00 |
| VLTO Veralto Corp. | Reduce -0.5% | 0.13% | +0.00 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -2.8% | 0.10% | +0.00 |
| OKE Oneok Inc. | Reduce -0.3% | 0.06% | +0.00 |
| BAC Bank of America Corp. | Reduce -3.1% | 0.34% | +0.01 |
| SONO Sonos Inc. | Reduce -2.5% | 0.60% | +0.01 |
| HESM Hess Midstream LP Class A | Reduce -3.9% | 0.72% | +0.02 |
| CIVI Civitas Resources Inc. | Reduce -0.4% | 0.74% | +0.02 |
| PAGP Plains GP Holdings LP | Reduce -4.2% | 1.11% | +0.03 |
| Secure Energy Services, Inc. | Reduce -4.3% | 1.09% | +0.04 |
| MLPB Etracs Alerian Infrast Ser B | Reduce -1.5% | 1.15% | +0.04 |
| PHM Pultegroup Inc. | Reduce -4.2% | 2.07% | +0.09 |
| AROC Archrock Inc. | Reduce -9.8% | 1.34% | +0.09 |
| PATK Patrick Industries Inc. | Reduce -4.5% | 1.65% | +0.09 |
| WFC Wells Fargo & Co. | Reduce -0.3% | 1.29% | +0.11 |
| BSX Boston Scientific Corp. | Reduce -1.4% | 1.44% | +0.12 |
| HQY Healthequity Inc. | Reduce -0.3% | 1.44% | +0.18 |
Portfolio Buys Q4 2023 → Q1 2024
| GTLS Chart Industries Inc. | Add +28.6% | 1.97% | +0.61 |
| PLMR Palomar Holdings Inc. | Add +0.5% | 1.63% | +0.48 |
| ROCK Gibraltar Industries Inc. | New | 0.43% | +0.43 |
| ENLC Enlink Midstream LLC | Add +5.7% | 3.06% | +0.30 |
| SYRE Spyre Therapeutics Inc. | New | 0.27% | +0.27 |
| JPM JPMorgan Chase & Co. | Add +2.6% | 2.14% | +0.24 |
| MSFT Microsoft Corp. | Add +1.2% | 4.16% | +0.22 |
| ET Energy Transfer LP | Add +0.2% | 2.95% | +0.18 |
| MPLX MPLX LP | Add +2.0% | 2.36% | +0.17 |
| PAA Plains All Amer Pipeline LP | Add +1.0% | 1.89% | +0.16 |
| WMB Williams Cos Inc. | Add +3.4% | 2.16% | +0.16 |
| NGL NGL Energy Partners LP | Add +40.7% | 0.52% | +0.14 |
| EIDO iShares MSCI Indonesia ETF | Add +22.2% | 1.03% | +0.14 |
| ETRN Equitrans Midstream Corp. | Add +4.2% | 0.74% | +0.12 |
| AMJ JPMorgan Alerian MLP Index | Add +103.0% | 0.20% | +0.10 |
| ORLY O'reilly Automotive Inc. | Add +1.9% | 0.90% | +0.10 |
| AM Antero Midstream Corp. | Add +2.1% | 1.55% | +0.10 |
| IWM iShares Russell 2000 ETF | Add +183.2% | 0.16% | +0.10 |
| MA Mastercard Inc. Class A | Add +3.5% | 1.13% | +0.09 |
| EPD Enterprise Products Partners | Add +2.5% | 1.53% | +0.09 |
| FTV Fortive Corp. | Add +1.6% | 0.70% | +0.07 |
| RJF Raymond James Financial Inc. | Add +0.5% | 0.89% | +0.07 |
| DSGX The Descartes Systems Grp | Add +3.5% | 1.34% | +0.07 |
| DFAC Dimensional US Core Equity 2 | New | 0.06% | +0.06 |
| DHR Danaher Corp. | Add +3.8% | 1.26% | +0.06 |
| PG The Procter & Gamble Co. | New | 0.06% | +0.06 |
| TGT Target Corp. | New | 0.05% | +0.05 |
| PSX Phillips 66 | New | 0.05% | +0.05 |
| WELL Welltower Inc. | New | 0.05% | +0.05 |
| MO Altria Group Inc. | New | 0.05% | +0.05 |
| TXN Texas Instruments Inc. | New | 0.05% | +0.05 |
| CVX Chevron Corp. | New | 0.04% | +0.04 |
| PSA Public Storage | New | 0.04% | +0.04 |
| XOM Exxon Mobil Corp. | New | 0.04% | +0.04 |
| LLY Eli Lilly & Co. | Add +13.3% | 0.14% | +0.04 |
| GOOGL Alphabet Inc. Class A | Add +0.1% | 4.33% | +0.04 |
| GLD SPDR Gold Shares | Add +3.4% | 1.04% | +0.04 |
| V Visa Inc. Class A | Add +2.8% | 1.03% | +0.03 |
| NOC Northrop Grumman Corp. | Add +7.8% | 0.85% | +0.02 |
| TYL Tyler Technologies Inc. | Add +7.4% | 1.25% | +0.02 |
| INDA iShares MSCI India ETF | Add +3.3% | 0.92% | +0.02 |
| VRTX Vertex Pharmaceuticals Inc. | Add +5.2% | 1.75% | +0.02 |
| HXL Hexcel Corp. | Add +11.6% | 0.40% | +0.01 |
| ABBV Abbvie Inc. | Add +0.4% | 0.11% | +0.01 |
| AMGN Amgen Inc. | Add +24.8% | 0.06% | +0.01 |
| XLE SS Energy Select Sector | Add +4.1% | 0.09% | +0.01 |
| JNJ Johnson & Johnson | Add +22.3% | 0.05% | +0.01 |
| MRK Merck & Co. Inc. | Add +0.1% | 0.06% | +0.01 |
| ROP Roper Technologies Inc. | Add +4.5% | 1.70% | +0.01 |
| STE Steris PLC | Add +5.3% | 1.29% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2025 | 111 | $463.6M | MSFT, LNG, GOOGL, AMJB, ET |
| Q1 2025 | 100 | $451.0M | LNG, AMJB, ET, AAPL, EPD |
| Q4 2024 | 88 | $539.7M | GOOGL, AAPL, MSFT, AMJB, ET |
| Q3 2024 | 106 | $530.4M | MSFT, AAPL, GOOGL, AMJB, SPY |
| Q2 2024 | 101 | $507.0M | MSFT, GOOGL, AAPL, ENLC, SPY |
| Q1 2024 | 111 | $489.2M | GOOGL, MSFT, SPY, ENLC, AAPL |