Novare Capital Management LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 6, 2024), Novare Capital Management LLC reported 182 stock positions worth $1.1 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 4.8% of the portfolio, followed by Microsoft (MSFT, 4.5%) and Apple (AAPL, 2.8%). Compared with Q4 2023, it opened 27 new positions, sold out of 12, added to 91 and reduced 46. The biggest buy was Nvidia (NVDA, shares +379%) and the biggest sale Booking (BKNG, shares −87%).
- Most Recent 13F
- Q2 2026
- Location
- CHARLOTTE, NC
- CIK
- 0001388409
- Portfolio Value
- $1.1B (Q1 2024)
- SEC Filing
- 0001388409-24-000003 ↗ filed May 6, 2024
Holdings Value
Holdings 182 stocks · $1.1B
| SPY SS SPDR S&P 500 ETF Trust-US | 4.76% | 100,619 | $52.6M | Add +9.6% |
| MSFT Microsoft Corp. | 4.50% | 118,158 | $49.7M | Add +7.7% |
| AAPL Apple Inc. | 2.79% | 179,969 | $30.9M | Add +3.9% |
| IVV iShares Core S&P 500 ETF | 2.72% | 57,261 | $30.1M | Add +8.8% |
| GOOGL Alphabet Inc. Class A | 2.55% | 186,898 | $28.2M | Add +18.0% |
| WMT Walmart Inc. | 2.23% | 410,676 | $24.7M | Add +4.9% |
| AMZN Amazon.com Inc. | 2.14% | 131,052 | $23.6M | Add +7.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.12% | 55,641 | $23.4M | Add +2.6% |
| AVGO Broadcom Inc. | 2.09% | 17,473 | $23.2M | Reduce -5.8% |
| UNH Unitedhealth Group Inc. | 2.05% | 45,850 | $22.7M | Add +6.8% |
| JNJ Johnson & Johnson | 2.04% | 142,437 | $22.5M | Add +4.8% |
| MRK Merck & Co. Inc. | 2.03% | 170,119 | $22.4M | Add +4.7% |
| EMR Emerson Electric Co. | 2.01% | 196,321 | $22.3M | Add +5.0% |
| ROP Roper Technologies Inc. | 1.85% | 36,524 | $20.5M | Add +8.5% |
| ACN Accenture PLC Class A | 1.69% | 53,856 | $18.7M | Add +100.0% |
| VZ Verizon Communications Inc. | 1.68% | 442,622 | $18.6M | Add +6.5% |
| VSLU Applied Finance Valuat ETF | 1.62% | 550,476 | $17.9M | Add +14.9% |
| JPM JPMorgan Chase & Co. | 1.61% | 88,793 | $17.8M | Reduce -0.1% |
| CMCSA Comcast Corp. Class A | 1.58% | 404,243 | $17.5M | Add +5.5% |
| WSM Williams-Sonoma Inc. | 1.31% | 45,493 | $14.4M | Reduce -8.1% |
| SYK Stryker Corp. | 1.25% | 38,609 | $13.8M | Add +2.4% |
| AME Ametek Inc. | 1.24% | 75,109 | $13.7M | Add +4.0% |
| HD Home Depot Inc. | 1.23% | 35,511 | $13.6M | Add +4.0% |
| TMO Thermo Fisher Scientific Inc. | 1.23% | 23,328 | $13.6M | Add +3.6% |
| TXN Texas Instruments Inc. | 1.22% | 77,470 | $13.5M | Add +8.3% |
| AMP Ameriprise Financial Inc. | 1.17% | 29,465 | $12.9M | Reduce -0.0% |
| DLR Digital Realty Trust Inc. | 1.12% | 86,025 | $12.4M | Reduce -1.2% |
| HON Honeywell International Inc. | 1.10% | 59,156 | $12.1M | Add +4.0% |
| ABT Abbott Laboratories | 1.09% | 106,131 | $12.1M | Add +2.3% |
| NVDA Nvidia Corp. | 1.09% | 13,289 | $12.0M | Add +379.4% |
| TFC Truist Financial Corp. | 1.08% | 307,308 | $12.0M | Add +6.7% |
| THO Thor Industries Inc. | 1.08% | 101,928 | $12.0M | Add +3.6% |
| CMI Cummins Inc. | 1.08% | 40,373 | $11.9M | Add +3.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.07% | 312,578 | $11.9M | Add +4.6% |
| LOW Lowe's Cos Inc. | 1.07% | 46,411 | $11.8M | Add +4.2% |
| GSLC Goldman Activebeta US LC ETF | 1.06% | 113,035 | $11.7M | Add +17.2% |
| AMLP Alerian MLP ETF | 1.03% | 240,375 | $11.4M | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.02% | 111,457 | $11.3M | Add +3.3% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 1.01% | 194,503 | $11.2M | Add +2.8% |
| PEP Pepsico Inc. | 1.01% | 63,999 | $11.2M | Add +8.2% |
| MCHP Microchip Technology Inc. | 1.01% | 124,061 | $11.1M | Add +6.6% |
| RTX RTX Corp. | 1.01% | 114,096 | $11.1M | Add +4.5% |
| ADBE Adobe Inc. | 0.93% | 20,390 | $10.3M | Add +11.3% |
| CRM Salesforce Inc. | 0.93% | 34,086 | $10.3M | Add +1.1% |
| CSCO Cisco Systems Inc. | 0.91% | 201,529 | $10.1M | Add +7.1% |
| XLE SS Energy Select Sector | 0.91% | 106,373 | $10.0M | Reduce -38.1% |
| CVX Chevron Corp. | 0.90% | 63,050 | $9.9M | Add +11.2% |
| XLP SS Consumer Staples Sel Sect | 0.88% | 128,083 | $9.8M | Add +5.8% |
| V Visa Inc. Class A | 0.88% | 34,773 | $9.7M | Add +2.8% |
| ICE Intercontinental Exchange Inc. | 0.86% | 69,357 | $9.5M | Add +2.8% |
| META Meta Platforms Inc. Class A | 0.82% | 18,596 | $9.0M | Add +10.6% |
| KVUE Kenvue Inc. | 0.81% | 419,338 | $9.0M | New |
| PII Polaris Inc. | 0.79% | 87,319 | $8.7M | Add +15.2% |
| ZTS Zoetis Inc. | 0.76% | 49,417 | $8.4M | Add +4.3% |
| O Realty Income Corp. | 0.75% | 153,929 | $8.3M | Reduce -27.2% |
| IJH iShares Core S&P Midcap ETF | 0.73% | 133,144 | $8.1M | Add +52.8% |
| SOXX iShares Semiconductor ETF | 0.71% | 34,673 | $7.8M | No change |
| XLF SS Financial Select Sector | 0.70% | 184,632 | $7.8M | Add +15.4% |
| AMT American Tower Corp. | 0.70% | 39,060 | $7.7M | Add +2.7% |
| NEE Nextera Energy Inc. | 0.67% | 116,336 | $7.4M | Add +8.0% |
| CHRW C.H. Robinson Worldwide Inc. | 0.65% | 95,102 | $7.2M | Add +5.2% |
| QSR Restaurant Brands Intern | 0.65% | 90,872 | $7.2M | New |
| CVS CVS Health Corp. | 0.65% | 90,302 | $7.2M | New |
| MOAT Vaneck Morningstar Wide Moat | 0.62% | 75,837 | $6.8M | Add +21.2% |
| SBUX Starbucks Corp. | 0.60% | 72,839 | $6.7M | Add +7.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.57% | 51,189 | $6.3M | Add +7.0% |
| APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC | 0.54% | 75,441 | $6.0M | New |
| MTCH Match Group Inc. | 0.49% | 148,415 | $5.4M | New |
| VCSH Vanguard S/T Corp. Bond ETF | 0.48% | 68,170 | $5.3M | Add +0.1% |
| CGBD Carlyle Secured Lending Inc. | 0.39% | 263,965 | $4.3M | Add +7.2% |
| FDUS Fidus Investment Corp. | 0.34% | 189,460 | $3.7M | Add +3.9% |
| IVW iShares S&P 500 Growth ETF | 0.33% | 43,497 | $3.7M | Add +112.4% |
| SCHB Schwab US Broad Market ETF | 0.30% | 54,369 | $3.3M | Add +35.7% |
| BSCP Invesco Bulletshares 2025 CB | 0.29% | 154,983 | $3.2M | Reduce -2.8% |
| BSCR Invesco Bulletshares 2027 CB | 0.28% | 161,550 | $3.1M | Add +2.4% |
| XLC SS Comm Select Sector SPDR | 0.24% | 33,066 | $2.7M | Reduce -3.3% |
| JPST JPMorgan Ultra-Short Income | 0.24% | 53,234 | $2.7M | Reduce -0.9% |
| BSCT Invesco Bulletshares 2029 CB | 0.24% | 144,999 | $2.7M | Add +14.7% |
| BSCQ Invesco Bulletshares 2026 CB | 0.24% | 137,635 | $2.6M | Add +2.3% |
| VDC Vanguard Consumer Staple ETF | 0.24% | 12,870 | $2.6M | Reduce -4.9% |
| BSCS Invesco Bulletshares 2028 CB | 0.24% | 130,332 | $2.6M | Add +11.7% |
| BSCU Invesco Bulletshares 2030 CB | 0.24% | 158,774 | $2.6M | Add +10.3% |
| VFH Vanguard Financials ETF | 0.23% | 25,070 | $2.6M | Reduce -2.9% |
| LMT Lockheed Martin Corp. | 0.23% | 5,613 | $2.6M | Reduce -71.6% |
| SMH Vaneck Semiconductor ETF | 0.23% | 11,156 | $2.5M | Reduce -7.6% |
| SCHM Schwab US Mid Cap ETF | 0.23% | 30,682 | $2.5M | Add +30.6% |
| XLI SS Industrial Select Sector | 0.20% | 17,222 | $2.2M | Add +742.1% |
| COST Costco Wholesale Corp. | 0.19% | 2,938 | $2.2M | Add +6.6% |
| XLK SS Technology Select Sector | 0.19% | 10,293 | $2.1M | Reduce -80.9% |
| INTU Intuit Inc. | 0.19% | 3,291 | $2.1M | Reduce -6.0% |
| BSCO Invesco Bulletshares 2024 CB | 0.18% | 93,045 | $2.0M | Reduce -0.3% |
| BKNG Booking Holdings Inc. | 0.16% | 495 | $1.8M | Reduce -87.3% |
| BSCV Invesco Bulletshares 2031 CB | 0.15% | 106,289 | $1.7M | Add +23.1% |
| VIG Vanguard Dividend Apprec ETF | 0.15% | 9,377 | $1.7M | Add +11.2% |
| AMD Advanced Micro Devices | 0.15% | 9,361 | $1.7M | Reduce -8.6% |
| BWMN Bowman Consulting Group Ltd. | 0.15% | 47,307 | $1.6M | New |
| SCHX Schwab US Large-Cap ETF | 0.15% | 26,235 | $1.6M | Add +96.6% |
| PRF Invesco Rafi US 1000 ETF | 0.14% | 40,475 | $1.6M | Reduce -5.0% |
| FALN iShares Fallen Angels ETF | 0.14% | 57,439 | $1.5M | Add +28.6% |
| VOO Vanguard S&P 500 ETF | 0.14% | 3,156 | $1.5M | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $783K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 656 | $783K | Reduce -1.5% |
Total filed on the 13F, all lines: $1.1B.
Portfolio Sells Q4 2023 → Q1 2024
| BKNG Booking Holdings Inc. | Reduce -87.3% | 0.16% | −1.25 |
| EMN Eastman Chemical Co. | Reduce -93.7% | 0.06% | −0.87 |
| XLK SS Technology Select Sector | Reduce -80.9% | 0.19% | −0.86 |
| LMT Lockheed Martin Corp. | Reduce -71.6% | 0.23% | −0.68 |
| TSLA Tesla Inc. | Reduce -85.7% | 0.06% | −0.63 |
| XLE SS Energy Select Sector | Reduce -38.1% | 0.91% | −0.56 |
| XLB SS Materials Select Sector | Reduce -87.5% | 0.07% | −0.51 |
| O Realty Income Corp. | Reduce -27.2% | 0.75% | −0.48 |
| VGT Vanguard Info Tech ETF | Reduce -94.5% | 0.02% | −0.43 |
| VAW Vanguard Materials ETF | Sold out | 0.00% | −0.27 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -91.0% | 0.02% | −0.24 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −0.18 |
| VEA Vanguard Ftse Developed ETF | Sold out | 0.00% | −0.11 |
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.11 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Sold out | 0.00% | −0.08 |
| DLR Digital Realty Trust Inc. | Reduce -1.2% | 1.12% | −0.07 |
| IVE iShares S&P 500 Value ETF | Reduce -57.3% | 0.04% | −0.07 |
| HUBB Hubbell Inc. | Sold out | 0.00% | −0.06 |
| WOOD iShares Global Timber & Fore | Sold out | 0.00% | −0.05 |
| BSCP Invesco Bulletshares 2025 CB | Reduce -2.8% | 0.29% | −0.05 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Sold out | 0.00% | −0.05 |
| XLRE SS Real Estate Select Sector | Reduce -20.6% | 0.08% | −0.04 |
| JPST JPMorgan Ultra-Short Income | Reduce -0.9% | 0.24% | −0.03 |
| INTU Intuit Inc. | Reduce -6.0% | 0.19% | −0.03 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Sold out | 0.00% | −0.03 |
| VDC Vanguard Consumer Staple ETF | Reduce -4.9% | 0.24% | −0.03 |
| SAMG Silvercrest Asset Manageme-A | Reduce -3.2% | 0.09% | −0.02 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Sold out | 0.00% | −0.02 |
| ABBV Abbvie Inc. | Reduce -25.3% | 0.08% | −0.02 |
| BSCO Invesco Bulletshares 2024 CB | Reduce -0.3% | 0.18% | −0.02 |
| DVN Devon Energy Corp. | Sold out | 0.00% | −0.02 |
| EOG EOG Resources Inc. | Sold out | 0.00% | −0.02 |
| BA The Boeing Co. | Reduce -4.9% | 0.03% | −0.02 |
| AVGO Broadcom Inc. | Reduce -5.8% | 2.09% | −0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -32.6% | 0.02% | −0.01 |
| XLV SS Health Care Select Sector | Reduce -29.1% | 0.03% | −0.01 |
| PRF Invesco Rafi US 1000 ETF | Reduce -5.0% | 0.14% | −0.01 |
| KO The Coca-Cola Co. | Reduce -0.6% | 0.13% | −0.01 |
| VFH Vanguard Financials ETF | Reduce -2.9% | 0.23% | −0.01 |
| XLC SS Comm Select Sector SPDR | Reduce -3.3% | 0.24% | −0.01 |
| ARI Apollo Commercial Real Estat | Reduce -4.1% | 0.04% | −0.01 |
| ATO Atmos Energy Corp. | Reduce -6.1% | 0.05% | −0.01 |
| PFE Pfizer Inc. | Reduce -12.7% | 0.02% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -3.9% | 0.09% | −0.01 |
| PYPL PayPal Holdings Inc. | Reduce -22.6% | 0.02% | −0.01 |
| BDX Becton Dickinson and Co. | Reduce -11.0% | 0.02% | −0.01 |
| ORCL Oracle Corp. | Reduce -14.0% | 0.06% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -9.7% | 0.02% | −0.00 |
| PG The Procter & Gamble Co. | Reduce -0.7% | 0.14% | −0.00 |
| RJF Raymond James Financial Inc. | Reduce -11.0% | 0.03% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| NVDA Nvidia Corp. | Add +379.4% | 1.09% | +0.95 |
| KVUE Kenvue Inc. | New | 0.81% | +0.81 |
| ACN Accenture PLC Class A | Add +100.0% | 1.69% | +0.73 |
| QSR Restaurant Brands Intern | New | 0.65% | +0.65 |
| CVS CVS Health Corp. | New | 0.65% | +0.65 |
| APTV Aptiv Irish Holdings Ltd. | New | 0.54% | +0.54 |
| MTCH Match Group Inc. | New | 0.49% | +0.49 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +9.6% | 4.76% | +0.32 |
| GOOGL Alphabet Inc. Class A | Add +18.0% | 2.55% | +0.30 |
| MSFT Microsoft Corp. | Add +7.7% | 4.50% | +0.29 |
| AMZN Amazon.com Inc. | Add +7.6% | 2.14% | +0.25 |
| IJH iShares Core S&P Midcap ETF | Add +52.8% | 0.73% | +0.24 |
| MRK Merck & Co. Inc. | Add +4.7% | 2.03% | +0.23 |
| META Meta Platforms Inc. Class A | Add +10.6% | 0.82% | +0.21 |
| IVW iShares S&P 500 Growth ETF | Add +112.4% | 0.33% | +0.18 |
| XLI SS Industrial Select Sector | Add +742.1% | 0.20% | +0.17 |
| VSLU Applied Finance Valuat ETF | Add +14.9% | 1.62% | +0.17 |
| IVV iShares Core S&P 500 ETF | Add +8.8% | 2.72% | +0.16 |
| EMR Emerson Electric Co. | Add +5.0% | 2.01% | +0.16 |
| BWMN Bowman Consulting Group Ltd. | New | 0.15% | +0.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.6% | 2.12% | +0.15 |
| GSLC Goldman Activebeta US LC ETF | Add +17.2% | 1.06% | +0.14 |
| WMT Walmart Inc. | Add +4.9% | 2.23% | +0.14 |
| VOO Vanguard S&P 500 ETF | New | 0.14% | +0.14 |
| DIS The Walt Disney Co. | Add +7.0% | 0.57% | +0.13 |
| CMI Cummins Inc. | Add +3.2% | 1.08% | +0.12 |
| SYK Stryker Corp. | Add +2.4% | 1.25% | +0.10 |
| XLF SS Financial Select Sector | Add +15.4% | 0.70% | +0.09 |
| VZ Verizon Communications Inc. | Add +6.5% | 1.68% | +0.08 |
| MOAT Vaneck Morningstar Wide Moat | Add +21.2% | 0.62% | +0.08 |
| VOOG Vanguard S&P 500 Growth ETF | New | 0.07% | +0.07 |
| SCHB Schwab US Broad Market ETF | Add +35.7% | 0.30% | +0.07 |
| SCHX Schwab US Large-Cap ETF | Add +96.6% | 0.15% | +0.07 |
| RTX RTX Corp. | Add +4.5% | 1.01% | +0.07 |
| LOW Lowe's Cos Inc. | Add +4.2% | 1.07% | +0.06 |
| PII Polaris Inc. | Add +15.2% | 0.79% | +0.06 |
| LHX L3HARRIS Technologies Inc. | New | 0.05% | +0.05 |
| BAC Bank of America Corp. | Add +4.6% | 1.07% | +0.05 |
| SCHM Schwab US Mid Cap ETF | Add +30.6% | 0.23% | +0.05 |
| CVX Chevron Corp. | Add +11.2% | 0.90% | +0.04 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.03% | +0.03 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.03% | +0.03 |
| IGV iShares Expanded Tech-Softwa | Add +52.0% | 0.10% | +0.03 |
| IWM iShares Russell 2000 ETF | Add +98.4% | 0.06% | +0.03 |
| AME Ametek Inc. | Add +4.0% | 1.24% | +0.03 |
| XOM Exxon Mobil Corp. | Add +25.0% | 0.13% | +0.03 |
| HD Home Depot Inc. | Add +4.0% | 1.23% | +0.03 |
| CRM Salesforce Inc. | Add +1.1% | 0.93% | +0.03 |
| AXP American Express Co. | New | 0.02% | +0.02 |
| CAT Caterpillar Inc. | Add +34.6% | 0.07% | +0.02 |
Notes & Other Activity Q4 2023 → Q1 2024
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -1.5% | 656 | $783K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 209 | $1.4B | SPY, AAPL, IVV, GOOGL, XLK |
| Q1 2026 | 194 | $1.3B | SPY, AAPL, IVV, MSFT, GOOGL |
| Q4 2025 | 194 | $1.3B | SPY, AAPL, MSFT, GOOGL, IVV |
| Q3 2025 | 192 | $1.3B | SPY, MSFT, AAPL, IVV, AVGO |
| Q2 2025 | 196 | $1.2B | SPY, MSFT, IVV, AVGO, AAPL |
| Q1 2025 | 187 | $1.1B | SPY, MSFT, AAPL, IVV, WMT |
| Q4 2024 | 185 | $1.2B | SPY, MSFT, AAPL, AVGO, IVV |
| Q3 2024 | 190 | $1.2B | SPY, MSFT, AAPL, IVV, WMT |
| Q2 2024 | 186 | $1.1B | SPY, MSFT, AAPL, IVV, GOOGL |
| Q1 2024 | 182 | $1.1B | SPY, MSFT, AAPL, IVV, GOOGL |