NCM Capital Management, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), NCM Capital Management, LLC reported 159 stock positions worth $178.5 million. Its top holding was Nvidia (NVDA) at 7.3% of the portfolio, followed by Amplify CWP Enhan Divid ETF (DIVO, 6.2%) and Microsoft (MSFT, 3.9%). Compared with Q4 2023, it opened 13 new positions, sold out of 13, added to 30 and reduced 75. The biggest buy was T Rowe PRC Cap Appreciation (TCAF, shares +50%) and the biggest sale Apple (AAPL, shares −2%).

Most Recent 13F
Q2 2026
Location
RAMSEY, NJ
CIK
0001907054
Portfolio Value
$178.5M (Q1 2024)
SEC Filing
0001907054-24-000002 ↗ filed May 15, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $178.5M $178.5M Q1 2024 Q2 2024: $190.7M Q2 2024 Q3 2024: $208.4M Q3 2024 Q4 2024: $221.9M Q4 2024 Q1 2025: $222.4M Q1 2025 Q2 2025: $243.6M Q2 2025 Q3 2025: $257.8M Q3 2025 Q4 2025: $269.6M Q4 2025 Q1 2026: $279.3M Q1 2026 Q2 2026: $324.5M Q2 2026

Holdings 159 stocks · $178.5M
NVDA Nvidia Corp. 7.29% 14,406 $13.0M Reduce -2.5%
DIVO Amplify CWP Enhan Divid ETF 6.19% 283,985 $11.0M Reduce -3.7%
MSFT Microsoft Corp. 3.95% 16,738 $7.0M Reduce -0.5%
JEPI JPMorgan Equity Premium Inco 3.60% 111,042 $6.4M Reduce -1.5%
AAPL Apple Inc. 3.59% 37,391 $6.4M Reduce -1.6%
TPL Texas Pacific Land Corp. 3.04% 9,366 $5.4M Add +0.8%
AVUV Avantis US Small Cap Value 2.96% 56,288 $5.3M Add +1.8%
JPM JPMorgan Chase & Co. 2.56% 22,774 $4.6M Reduce -0.1%
SCHD Schwab US DVD Equity ETF 2.46% 54,466 $4.4M Reduce -3.5%
VIGI Vanguard Int Div App Indx FD 2.40% 52,498 $4.3M Add +0.7%
VUG Vanguard Mrngstar GR ETF-Sui 2.30% 11,947 $4.1M Reduce -3.3%
GOOGL Alphabet Inc. Class A 1.48% 17,480 $2.6M Reduce -0.4%
INFL Horizon Kinetics Infl Benef 1.39% 76,333 $2.5M Reduce -9.1%
TLTW iShares 20+ Bond Buywrite 1.38% 92,203 $2.5M Reduce -1.8%
VHT Vanguard Health Care ETF 1.24% 8,155 $2.2M No change
MRK Merck & Co. Inc. 1.22% 16,555 $2.2M No change
XOM Exxon Mobil Corp. 1.22% 18,728 $2.2M No change
COWZ Pacer US Cash Cows 100 ETF 1.12% 34,433 $2.0M Reduce -5.0%
HD Home Depot Inc. 1.12% 5,195 $2.0M Reduce -0.4%
RSP Invesco S&P 500 Equal Weight 1.04% 10,915 $1.8M Reduce -6.0%
LLY Eli Lilly & Co. 0.93% 2,130 $1.7M No change
DVY iShares Select Dividend ETF 0.91% 13,118 $1.6M Add +0.7%
TCAF T Rowe PRC Cap Appreciation 0.86% 50,803 $1.5M Add +49.8%
INTC Intel Corp. 0.85% 34,411 $1.5M Add +0.4%
HDV iShares Core High Dividend E 0.84% 13,631 $1.5M Add +0.0%
QCOM Qualcomm Inc. 0.83% 8,787 $1.5M Reduce -2.2%
VLUE iShares MSCI USA Value Facto 0.80% 13,118 $1.4M Reduce -5.1%
ABBV Abbvie Inc. 0.79% 7,698 $1.4M Reduce -0.7%
NEE Nextera Energy Inc. 0.76% 21,104 $1.3M Reduce -2.6%
GDX Vaneck Gold Miners ETF 0.75% 42,332 $1.3M Reduce -2.8%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.75% 20,332 $1.3M Add +3.0%
AMZN Amazon.com Inc. 0.75% 7,395 $1.3M Add +1.0%
QQQ Invesco QQQ Trust Series 1 0.74% 2,977 $1.3M No change
IYW iShares Ustechnology ETF 0.73% 9,610 $1.3M Reduce -3.3%
VTI VG Morningstar TS MKT ETF-US 0.69% 4,724 $1.2M Add +12.5%
IWM iShares Russell 2000 ETF 0.68% 5,796 $1.2M Reduce -10.6%
HON Honeywell International Inc. 0.68% 5,893 $1.2M Reduce -0.6%
DGRO iShares Core Dividend Growth 0.67% 20,525 $1.2M Add +0.6%
AMD Advanced Micro Devices 0.67% 6,592 $1.2M Reduce -3.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.65% 30,483 $1.2M Add +0.4%
XLK SS Technology Select Sector 0.64% 5,526 $1.2M Reduce -8.3%
IEFA iShares Core MSCI Eafe ETF 0.64% 15,472 $1.1M Add +1.7%
MDY State Street SPDR S&P Midcap 0.62% 1,988 $1.1M No change
NKE Nike Inc. Class B 0.61% 11,591 $1.1M Reduce -0.2%
ETN Eaton Corp. PLC 0.60% 3,439 $1.1M No change
VTWO Vanguard Russell 2000 ETF 0.59% 12,374 $1.1M No change
MCD McDonald's Corp. 0.57% 3,586 $1.0M Reduce -0.3%
BX Blackstone Inc. 0.54% 7,298 $959K Reduce -1.7%
PFE Pfizer Inc. 0.54% 34,523 $958K Add +14.3%
MS Morgan Stanley 0.51% 9,689 $912K Reduce -9.1%
PEP Pepsico Inc. 0.50% 5,073 $888K Reduce -1.0%
JNJ Johnson & Johnson 0.49% 5,541 $877K Reduce -3.9%
CVX Chevron Corp. 0.49% 5,521 $871K Reduce -0.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.49% 4,551 $869K No change
BRK.B Berkshire Hathaway Inc. Class B 0.48% 2,028 $853K Reduce -0.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.48% 6,935 $849K Add +3.8%
ACN Accenture PLC Class A 0.46% 2,344 $812K Reduce -0.6%
BMY Bristol-Myers Squibb Co. 0.45% 14,888 $807K Reduce -6.5%
WM Waste Management Inc. 0.45% 3,737 $797K No change
PG The Procter & Gamble Co. 0.45% 4,898 $795K Add +0.7%
CAT Caterpillar Inc. 0.43% 2,105 $771K Reduce -2.3%
VZ Verizon Communications Inc. 0.43% 18,145 $761K No change
GILD Gilead Sciences Inc. 0.42% 10,289 $754K Reduce -0.9%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.42% 13,842 $751K Reduce -4.8%
IWD iShares Russell 1000 Value E 0.42% 4,168 $746K Reduce -0.6%
WY Weyerhaeuser Co. 0.41% 20,391 $732K Reduce -9.3%
BA The Boeing Co. 0.40% 3,684 $711K Reduce -7.5%
VTV Vanguard Mrngstr Val ETF-Aui 0.40% 4,365 $711K No change
BUG Global X Cybersecurity ETF 0.39% 23,469 $698K Add +3.7%
AMGN Amgen Inc. 0.39% 2,429 $691K Reduce -0.4%
RTX RTX Corp. 0.38% 6,964 $679K Reduce -2.7%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.37% 7,506 $664K No change
XLP SS Consumer Staples Sel Sect 0.37% 8,603 $657K Add +25.5%
DFAT Dimensional US Target Value 0.36% 11,746 $639K Add +0.1%
QUAL iShares MSCI USA Quality Fac 0.35% 3,839 $631K No change
TPH Tri Pointe Homes Inc. 0.35% 16,100 $622K No change
IVW iShares S&P 500 Growth ETF 0.34% 7,200 $608K Reduce -5.8%
AVES Avantis Emerging Markets Val 0.33% 12,530 $594K Add +7.0%
VDC Vanguard Consumer Staple ETF 0.33% 2,905 $593K No change
LOW Lowe's Cos Inc. 0.32% 2,273 $579K Reduce -1.7%
CSX CSX Corp. 0.31% 14,946 $554K No change
BDX Becton Dickinson and Co. 0.31% 2,238 $554K No change
VNQ Vanguard Real Estate ETF 0.30% 6,274 $543K Add +0.1%
WEN The Wendy's Co. 0.29% 27,695 $522K No change
CMG Chipotle Mexican Grill Inc. 0.28% 175 $509K No change
ABT Abbott Laboratories 0.28% 4,400 $500K Reduce -0.1%
UPS United Parcel Service Class B 0.28% 3,318 $493K Add +31.4%
PSEP Innovator U.S. Equity Power 0.28% 13,454 $491K No change
SHY iShares 1-3 Year Treasury Bo 0.27% 5,795 $474K Add +12.0%
WPM Wheaton Precious Metals Corp. 0.26% 10,022 $472K Reduce -2.0%
GLW Corning Inc. 0.26% 14,325 $472K Reduce -7.1%
IJH iShares Core S&P Midcap ETF 0.26% 7,750 $471K Reduce -1.0%
CSCO Cisco Systems Inc. 0.25% 8,988 $449K Reduce -0.6%
GM General Motors Co. 0.25% 9,860 $447K Reduce -1.0%
IJR iShares Core S&P Small-Cap E 0.25% 4,035 $446K Reduce -2.4%
LMT Lockheed Martin Corp. 0.25% 977 $444K Reduce -0.5%
VIS Vanguard Industrials ETF 0.25% 1,805 $441K No change
GBTC Grayscale Bitcoin Trust ETF 0.24% 6,923 $437K New
META Meta Platforms Inc. Class A 0.24% 890 $432K Reduce -1.2%
IJK iShares S&P Mid-Cap 400 Grow 0.24% 4,728 $431K Reduce -3.3%
DXJ Wisdomtree Japan Hedged Eq 0.24% 3,963 $430K Reduce -0.0%
DFUV Dimensional US Marketwide Va 0.24% 10,465 $428K No change
IWS iShares Russell Mid-Cap Valu 0.24% 3,400 $426K Reduce -11.0%
GLD SPDR Gold Shares 0.24% 2,050 $422K No change
MUB iShares National Muni Bond E 0.24% 3,899 $420K No change
IWR iShares Russell Mid-Cap ETF 0.23% 4,801 $404K No change
XLV SS Health Care Select Sector 0.22% 2,683 $396K No change
DUK Duke Energy Corp. 0.22% 4,029 $390K Add +6.2%
FELC Fidelity Enh LRG Cap Cor ETF 0.22% 13,183 $389K Add +0.3%
MU Micron Technology Inc. 0.21% 3,250 $383K Reduce -7.6%
SPY SS SPDR S&P 500 ETF Trust-US 0.21% 715 $374K No change
MOO Vaneck Agribusiness ETF 0.21% 4,926 $370K No change
OMFL Invesco Russell 1000 DYN M/F 0.20% 6,600 $365K No change
WMT Walmart Inc. 0.20% 5,992 $361K Add +11.2%
XNXJX Nuveen NJ QLTY Muni Inc. 0.20% 29,717 $359K Reduce -1.0%
XBI SS SPDR S&P Biotech ETF 0.20% 3,766 $357K Add +0.6%
KNG FT Vest S&P 500 DVD Arst TRG 0.20% 6,485 $348K Add +20.4%
CVS CVS Health Corp. 0.19% 4,207 $336K Reduce -12.9%
T AT&T Inc. 0.18% 18,248 $321K Reduce -0.6%
COST Costco Wholesale Corp. 0.18% 433 $317K Reduce -6.1%
TXN Texas Instruments Inc. 0.18% 1,817 $317K Reduce -1.2%
UNP Union Pacific Corp. 0.17% 1,265 $311K Reduce -1.5%
VIG Vanguard Dividend Apprec ETF 0.17% 1,681 $307K No change
PYPL PayPal Holdings Inc. 0.17% 4,448 $298K Reduce -1.7%
SPHD Invesco S&P 500 High Dividen 0.17% 6,700 $297K Reduce -35.6%
ABNB Airbnb Inc. Class A 0.17% 1,800 $297K No change
XLE SS Energy Select Sector 0.16% 3,082 $291K No change
TMO Thermo Fisher Scientific Inc. 0.16% 495 $288K Reduce -0.4%
MDLZ Mondelez International Inc. Class A 0.15% 3,949 $276K Add +0.0%
CACI Caci International Inc. Class A 0.15% 700 $265K No change
HELO JPMorgan Hedged Equity ETF 0.15% 4,733 $265K New
DSL Doubleline Income Solutions 0.15% 20,830 $265K Reduce -1.7%
KMB Kimberly-Clark Corp. 0.15% 2,033 $263K No change
VXF Vanguard Extended Market ETF 0.15% 1,487 $261K No change
CGW Invesco S&P Global Water Ind 0.14% 4,659 $259K Reduce -2.1%
IBB iShares Biotechnology ETF 0.14% 1,865 $256K No change
KO The Coca-Cola Co. 0.14% 4,141 $253K Reduce -13.6%
GS Goldman Sachs Group Inc. 0.14% 605 $253K Reduce -0.3%
DHR Danaher Corp. 0.13% 954 $238K Reduce -0.7%
URI United Rentals Inc. 0.13% 329 $237K New
PEG Public Service Enterprise GP 0.13% 3,491 $233K No change
AVDV Avantis Intl S/C Value ETF 0.13% 3,471 $229K New
USMV iShares MSCI USA Min Vol Fac 0.13% 2,727 $228K Reduce -12.8%
IYR iShares US Real Estate ETF 0.13% 2,511 $226K Add +2.3%
BSV Vanguard Short-Term Bond ETF 0.13% 2,918 $224K No change
SIGI Selective Insurance Group 0.12% 2,022 $221K No change
DE Deere & Co. 0.12% 529 $217K Reduce -7.0%
XLB SS Materials Select Sector 0.12% 2,315 $215K Reduce -1.1%
VGT Vanguard Info Tech ETF 0.12% 400 $210K New
AVGO Broadcom Inc. 0.12% 158 $209K New
CRM Salesforce Inc. 0.12% 695 $209K New
ADP Automatic Data Processing 0.12% 836 $209K New
MTUM iShares MSCI USA Momentum Fa 0.12% 1,100 $206K New
DOW Dow Inc. 0.12% 3,556 $206K New
SIRI Sirius XM Holdings Inc. 0.12% 52,919 $205K No change
PAVE Global X US Infrastructure 0.11% 5,135 $204K New
PANW Palo Alto Networks Inc. 0.11% 716 $203K New
IWN iShares Russell 2000 Value E 0.11% 1,262 $200K Reduce -5.3%
DVN Devon Energy Corp. 0.11% 3,992 $200K New

Portfolio Sells Q4 2023 → Q1 2024
AAPL Apple Inc. Reduce -1.6% 3.59% −0.85
IVV iShares Core S&P 500 ETF Sold out 0.00% −0.66
DIVO Amplify CWP Enhan Divid ETF Reduce -3.7% 6.19% −0.35
BA The Boeing Co. Reduce -7.5% 0.40% −0.23
SUB iShares Short-Term National Sold out 0.00% −0.22
SPYM Ste STR SPDR PT S&P 500 ETF Sold out 0.00% −0.21
INFL Horizon Kinetics Infl Benef Reduce -9.1% 1.39% −0.21
TSLA Tesla Inc. Sold out 0.00% −0.19
TLTW iShares 20+ Bond Buywrite Reduce -1.8% 1.38% −0.19
JEPI JPMorgan Equity Premium Inco Reduce -1.5% 3.60% −0.16
NKE Nike Inc. Class B Reduce -0.2% 0.61% −0.15
FBND Fidelity Total Bond ETF Sold out 0.00% −0.15
SCHD Schwab US DVD Equity ETF Reduce -3.5% 2.46% −0.14
XLI SS Industrial Select Sector Sold out 0.00% −0.13
F Ford Motor Co. Sold out 0.00% −0.13
GOVT iShares US Treasury Bond ETF Sold out 0.00% −0.13
SBUX Starbucks Corp. Sold out 0.00% −0.12
FLG New York Community Bancorp Sold out 0.00% −0.11
IWM iShares Russell 2000 ETF Reduce -10.6% 0.68% −0.11
SPHD Invesco S&P 500 High Dividen Reduce -35.6% 0.17% −0.10
MS Morgan Stanley Reduce -9.1% 0.51% −0.09
GILD Gilead Sciences Inc. Reduce -0.9% 0.42% −0.09
VKQ Invesco Municipal Trust Sold out 0.00% −0.08
BGS B&G Foods Inc. Sold out 0.00% −0.08
MCD McDonald's Corp. Reduce -0.3% 0.57% −0.08
HON Honeywell International Inc. Reduce -0.6% 0.68% −0.08
RSP Invesco S&P 500 Equal Weight Reduce -6.0% 1.04% −0.07
GDX Vaneck Gold Miners ETF Reduce -2.8% 0.75% −0.07
WY Weyerhaeuser Co. Reduce -9.3% 0.41% −0.06
XLK SS Technology Select Sector Reduce -8.3% 0.64% −0.06
JNJ Johnson & Johnson Reduce -3.9% 0.49% −0.06
BX Blackstone Inc. Reduce -1.7% 0.54% −0.05
VLUE iShares MSCI USA Value Facto Reduce -5.1% 0.80% −0.05
BDJ BlackRock Enhanced Eqty DVD Sold out 0.00% −0.05
ACN Accenture PLC Class A Reduce -0.6% 0.46% −0.05
CVS CVS Health Corp. Reduce -12.9% 0.19% −0.04
BMY Bristol-Myers Squibb Co. Reduce -6.5% 0.45% −0.04
NEE Nextera Energy Inc. Reduce -2.6% 0.76% −0.04
WPM Wheaton Precious Metals Corp. Reduce -2.0% 0.26% −0.04
AMGN Amgen Inc. Reduce -0.4% 0.39% −0.04
IWS iShares Russell Mid-Cap Valu Reduce -11.0% 0.24% −0.03
PEP Pepsico Inc. Reduce -1.0% 0.50% −0.03
KO The Coca-Cola Co. Reduce -13.6% 0.14% −0.03
CSCO Cisco Systems Inc. Reduce -0.6% 0.25% −0.03
VUG Vanguard Mrngstar GR ETF-Sui Reduce -3.3% 2.30% −0.02
IJR iShares Core S&P Small-Cap E Reduce -2.4% 0.25% −0.02
COWZ Pacer US Cash Cows 100 ETF Reduce -5.0% 1.12% −0.02
LMT Lockheed Martin Corp. Reduce -0.5% 0.25% −0.02
GLW Corning Inc. Reduce -7.1% 0.26% −0.02
USMV iShares MSCI USA Min Vol Fac Reduce -12.8% 0.13% −0.02

Portfolio Buys Q4 2023 → Q1 2024
TCAF T Rowe PRC Cap Appreciation Add +49.8% 0.86% +0.29
GBTC Grayscale Bitcoin Trust ETF New 0.24% +0.24
HELO JPMorgan Hedged Equity ETF New 0.15% +0.15
URI United Rentals Inc. New 0.13% +0.13
AVDV Avantis Intl S/C Value ETF New 0.13% +0.13
VGT Vanguard Info Tech ETF New 0.12% +0.12
AVGO Broadcom Inc. New 0.12% +0.12
CRM Salesforce Inc. New 0.12% +0.12
ADP Automatic Data Processing New 0.12% +0.12
MTUM iShares MSCI USA Momentum Fa New 0.12% +0.12
DOW Dow Inc. New 0.12% +0.12
PAVE Global X US Infrastructure New 0.11% +0.11
PANW Palo Alto Networks Inc. New 0.11% +0.11
DVN Devon Energy Corp. New 0.11% +0.11
DIS The Walt Disney Co. Add +3.8% 0.48% +0.11
VTI VG Morningstar TS MKT ETF-US Add +12.5% 0.69% +0.08
TPL Texas Pacific Land Corp. Add +0.8% 3.04% +0.08
AMZN Amazon.com Inc. Add +1.0% 0.75% +0.07
XLP SS Consumer Staples Sel Sect Add +25.5% 0.37% +0.07
UPS United Parcel Service Class B Add +31.4% 0.28% +0.04
WMT Walmart Inc. Add +11.2% 0.20% +0.03
BAC Bank of America Corp. Add +0.4% 0.65% +0.03
KNG FT Vest S&P 500 DVD Arst TRG Add +20.4% 0.20% +0.03
PG The Procter & Gamble Co. Add +0.7% 0.45% +0.01
PFE Pfizer Inc. Add +14.3% 0.54% +0.01
SHY iShares 1-3 Year Treasury Bo Add +12.0% 0.27% +0.01
AVES Avantis Emerging Markets Val Add +7.0% 0.33% +0.01
FELC Fidelity Enh LRG Cap Cor ETF Add +0.3% 0.22% +0.01
DGRO iShares Core Dividend Growth Add +0.6% 0.67% +0.00
HDV iShares Core High Dividend E Add +0.0% 0.84% −0.00
XBI SS SPDR S&P Biotech ETF Add +0.6% 0.20% −0.00
DUK Duke Energy Corp. Add +6.2% 0.22% −0.00
IEFA iShares Core MSCI Eafe ETF Add +1.7% 0.64% −0.01
IYR iShares US Real Estate ETF Add +2.3% 0.13% −0.01
XLU St Sr Utl SL SE SPDR ETF-Usd Add +3.0% 0.75% −0.01
BUG Global X Cybersecurity ETF Add +3.7% 0.39% −0.01
DFAT Dimensional US Target Value Add +0.1% 0.36% −0.01
MDLZ Mondelez International Inc. Class A Add +0.0% 0.15% −0.02
DVY iShares Select Dividend ETF Add +0.7% 0.91% −0.02
VNQ Vanguard Real Estate ETF Add +0.1% 0.30% −0.03
AVUV Avantis US Small Cap Value Add +1.8% 2.96% −0.06
VIGI Vanguard Int Div App Indx FD Add +0.7% 2.40% −0.11
INTC Intel Corp. Add +0.4% 0.85% −0.19

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 194$324.5MNVDA, TPL, DIVO, TCAF, AVUV
Q1 2026 185$279.3MNVDA, TPL, DIVO, AVUV, JEPI
Q4 2025 175$269.6MNVDA, DIVO, TPL, TCAF, JEPI
Q3 2025 183$257.8MNVDA, DIVO, TPL, MSFT, JEPI
Q2 2025 177$243.6MNVDA, DIVO, TPL, MSFT, JEPI
Q1 2025 171$222.4MNVDA, TPL, DIVO, JEPI, SCHD
Q4 2024 170$221.9MNVDA, DIVO, TPL, AAPL, MSFT
Q3 2024 165$208.4MNVDA, DIVO, TPL, AAPL, MSFT
Q2 2024 160$190.7MNVDA, DIVO, AAPL, MSFT, TPL
Q1 2024 159$178.5MNVDA, DIVO, MSFT, JEPI, AAPL