Novare Capital Management LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 21, 2025), Novare Capital Management LLC reported 185 stock positions worth $1.2 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 5.8% of the portfolio, followed by Microsoft (MSFT, 4.2%) and Apple (AAPL, 3.7%). Compared with Q3 2024, it opened 8 new positions, sold out of 13, added to 75 and reduced 75. The biggest buy was Broadcom (AVGO, shares +0%) and the biggest sale Truist Financial (TFC, shares −76%).
- Most Recent 13F
- Q2 2026
- Location
- CHARLOTTE, NC
- CIK
- 0001388409
- Portfolio Value
- $1.2B (Q4 2024)
- SEC Filing
- 0001951757-25-000086 ↗ filed Jan 21, 2025
Holdings Value
Holdings 185 stocks · $1.2B
| SPY SS SPDR S&P 500 ETF Trust-US | 5.79% | 117,319 | $68.8M | Add +2.5% |
| MSFT Microsoft Corp. | 4.25% | 119,604 | $50.4M | Reduce -0.6% |
| AAPL Apple Inc. | 3.67% | 174,075 | $43.6M | Reduce -0.5% |
| AVGO Broadcom Inc. | 3.13% | 160,000 | $37.1M | Add +0.3% |
| IVV iShares Core S&P 500 ETF | 2.96% | 59,624 | $35.1M | Add +1.5% |
| GOOGL Alphabet Inc. Class A | 2.88% | 180,865 | $34.2M | Add +1.6% |
| WMT Walmart Inc. | 2.87% | 377,145 | $34.1M | Reduce -3.7% |
| AMZN Amazon.com Inc. | 2.43% | 131,413 | $28.8M | Reduce -0.4% |
| VSLU Applied Finance Valuat ETF | 2.13% | 689,360 | $25.2M | Add +4.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.07% | 54,221 | $24.6M | Reduce -0.9% |
| EMR Emerson Electric Co. | 2.01% | 192,456 | $23.9M | Reduce -0.7% |
| UNH Unitedhealth Group Inc. | 1.99% | 46,688 | $23.6M | Add +1.0% |
| ACN Accenture PLC Class A | 1.98% | 66,959 | $23.6M | Add +2.5% |
| NVDA Nvidia Corp. | 1.91% | 169,057 | $22.7M | Add +2.5% |
| ROP Roper Technologies Inc. | 1.65% | 37,745 | $19.6M | Add +2.7% |
| JPM JPMorgan Chase & Co. | 1.64% | 81,434 | $19.5M | Reduce -2.0% |
| MRK Merck & Co. Inc. | 1.63% | 194,612 | $19.4M | Add +3.4% |
| VZ Verizon Communications Inc. | 1.48% | 440,088 | $17.6M | Add +1.9% |
| JNJ Johnson & Johnson | 1.48% | 121,095 | $17.5M | Reduce -1.0% |
| TXN Texas Instruments Inc. | 1.25% | 78,993 | $14.8M | Add +1.3% |
| AMP Ameriprise Financial Inc. | 1.20% | 26,798 | $14.3M | Reduce -5.5% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 1.15% | 177,693 | $13.7M | Reduce -4.9% |
| HD Home Depot Inc. | 1.14% | 34,729 | $13.5M | Reduce -0.6% |
| DLR Digital Realty Trust Inc. | 1.12% | 75,124 | $13.3M | Reduce -3.6% |
| CMI Cummins Inc. | 1.12% | 38,031 | $13.3M | Reduce -3.6% |
| HON Honeywell International Inc. | 1.11% | 58,241 | $13.2M | Reduce -1.0% |
| AME Ametek Inc. | 1.10% | 72,315 | $13.0M | Reduce -1.1% |
| SYK Stryker Corp. | 1.09% | 35,869 | $12.9M | Reduce -2.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.07% | 289,633 | $12.7M | Reduce -0.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.04% | 102,269 | $12.4M | Reduce -4.2% |
| RTX RTX Corp. | 1.04% | 106,383 | $12.3M | Reduce -0.8% |
| CSCO Cisco Systems Inc. | 1.03% | 206,779 | $12.2M | Add +1.7% |
| TMO Thermo Fisher Scientific Inc. | 1.03% | 23,515 | $12.2M | Add +2.1% |
| ABT Abbott Laboratories | 1.01% | 106,074 | $12.0M | Reduce -0.5% |
| GSLC Goldman Activebeta US LC ETF | 0.98% | 101,241 | $11.7M | Add +2.8% |
| ADBE Adobe Inc. | 0.98% | 26,103 | $11.6M | Add +0.5% |
| AMLP Alerian MLP ETF | 0.98% | 240,406 | $11.6M | Add +0.0% |
| LOW Lowe's Cos Inc. | 0.97% | 46,522 | $11.5M | Add +0.3% |
| CRM Salesforce Inc. | 0.94% | 33,279 | $11.1M | Reduce -1.0% |
| V Visa Inc. Class A | 0.90% | 33,902 | $10.7M | Add +0.0% |
| META Meta Platforms Inc. Class A | 0.89% | 17,953 | $10.5M | Add +2.9% |
| KVUE Kenvue Inc. | 0.89% | 491,970 | $10.5M | Add +6.2% |
| ABBV Abbvie Inc. | 0.87% | 58,192 | $10.3M | Add +10.1% |
| ICE Intercontinental Exchange Inc. | 0.85% | 67,753 | $10.1M | Add +0.5% |
| THO Thor Industries Inc. | 0.83% | 102,525 | $9.8M | Add +1.9% |
| CHRW C.H. Robinson Worldwide Inc. | 0.83% | 94,811 | $9.8M | Add +1.4% |
| PEP Pepsico Inc. | 0.82% | 64,242 | $9.8M | Add +0.1% |
| LHX L3HARRIS Technologies Inc. | 0.81% | 45,934 | $9.7M | Add +6.2% |
| MOAT Vaneck Morningstar Wide Moat | 0.80% | 102,003 | $9.5M | Add +3.5% |
| CVX Chevron Corp. | 0.78% | 63,514 | $9.2M | Reduce -2.8% |
| CSX CSX Corp. | 0.73% | 267,988 | $8.6M | New |
| NEE Nextera Energy Inc. | 0.68% | 112,643 | $8.1M | Add +0.3% |
| IJH iShares Core S&P Midcap ETF | 0.68% | 129,554 | $8.1M | Add +10.7% |
| O Realty Income Corp. | 0.68% | 150,162 | $8.0M | Reduce -0.5% |
| CMCSA Comcast Corp. Class A | 0.65% | 204,654 | $7.7M | Reduce -12.3% |
| XLP SS Consumer Staples Sel Sect | 0.65% | 97,696 | $7.7M | Reduce -4.4% |
| ZTS Zoetis Inc. | 0.65% | 47,003 | $7.7M | Reduce -3.9% |
| XLE SS Energy Select Sector | 0.62% | 86,378 | $7.4M | Reduce -3.5% |
| MTCH Match Group Inc. | 0.61% | 222,362 | $7.3M | Reduce -2.0% |
| FTV Fortive Corp. | 0.60% | 94,638 | $7.1M | Add +9.0% |
| SOXX iShares Semiconductor ETF | 0.59% | 32,715 | $7.0M | Add +2.6% |
| XLF SS Financial Select Sector | 0.59% | 143,700 | $6.9M | Add +1.2% |
| MCHP Microchip Technology Inc. | 0.58% | 120,106 | $6.9M | Add +0.3% |
| AMT American Tower Corp. | 0.57% | 37,080 | $6.8M | Reduce -2.0% |
| IVW iShares S&P 500 Growth ETF | 0.56% | 65,062 | $6.6M | Add +94.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.51% | 11,851 | $6.1M | Add +137.4% |
| QSR Restaurant Brands Intern | 0.43% | 77,577 | $5.1M | Reduce -16.9% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.38% | 58,025 | $4.5M | Reduce -9.6% |
| FDUS Fidus Investment Corp. | 0.34% | 189,315 | $4.0M | Reduce -0.1% |
| SCHB Schwab US Broad Market ETF | 0.33% | 172,417 | $3.9M | Add +1.5% |
| APTV Aptiv PLC | 0.33% | 64,375 | $3.9M | Reduce -29.5% |
| BSCP Invesco Bulletshares 2025 CB | 0.27% | 157,810 | $3.3M | Add +0.7% |
| BSCR Invesco Bulletshares 2027 CB | 0.27% | 165,360 | $3.2M | Add +1.6% |
| CGBD Carlyle Secured Lending Inc. | 0.27% | 178,705 | $3.2M | Add +0.5% |
| TFC Truist Financial Corp. | 0.26% | 70,810 | $3.1M | Reduce -76.3% |
| BSCT Invesco Bulletshares 2029 CB | 0.25% | 163,722 | $3.0M | Add +6.3% |
| BSCQ Invesco Bulletshares 2026 CB | 0.24% | 143,820 | $2.8M | Add +2.4% |
| BSCS Invesco Bulletshares 2028 CB | 0.23% | 133,124 | $2.7M | Add +2.6% |
| BSCU Invesco Bulletshares 2030 CB | 0.23% | 163,376 | $2.7M | Add +4.9% |
| JPST JPMorgan Ultra-Short Income | 0.23% | 53,067 | $2.7M | Reduce -3.7% |
| VFH Vanguard Financials ETF | 0.22% | 22,518 | $2.7M | Add +0.2% |
| SMH Vaneck Semiconductor ETF | 0.22% | 10,806 | $2.6M | Reduce -0.8% |
| CVS CVS Health Corp. | 0.22% | 57,919 | $2.6M | Reduce -38.5% |
| COST Costco Wholesale Corp. | 0.21% | 2,743 | $2.5M | No change |
| BKNG Booking Holdings Inc. | 0.20% | 467 | $2.3M | Reduce -1.9% |
| VDC Vanguard Consumer Staple ETF | 0.19% | 10,641 | $2.2M | Reduce -2.6% |
| BSCV Invesco Bulletshares 2031 CB | 0.19% | 139,084 | $2.2M | Add +10.6% |
| XLC SS Comm Select Sector SPDR | 0.18% | 21,935 | $2.1M | Reduce -22.2% |
| XLK SS Technology Select Sector | 0.18% | 9,061 | $2.1M | Reduce -2.0% |
| INTU Intuit Inc. | 0.16% | 3,115 | $2.0M | Reduce -1.3% |
| VIG Vanguard Dividend Apprec ETF | 0.16% | 9,738 | $1.9M | Add +3.2% |
| WSM Williams-Sonoma Inc. | 0.16% | 10,173 | $1.9M | Add +0.3% |
| SCHM Schwab US Mid Cap ETF | 0.16% | 66,708 | $1.8M | Reduce -19.4% |
| SCHX Schwab US Large-Cap ETF | 0.15% | 78,480 | $1.8M | Reduce -0.4% |
| VOO Vanguard S&P 500 ETF | 0.15% | 3,286 | $1.8M | Add +4.6% |
| FALN iShares Fallen Angels ETF | 0.14% | 64,324 | $1.7M | Reduce -5.5% |
| BSCW Invesco Bulletshares 2032 CB | 0.14% | 80,904 | $1.6M | Add +274.8% |
| PRF Invesco Rafi US 1000 ETF | 0.13% | 39,376 | $1.6M | Reduce -1.7% |
| PG The Procter & Gamble Co. | 0.13% | 9,352 | $1.6M | Add +5.5% |
| AMD Advanced Micro Devices | 0.12% | 11,915 | $1.4M | Add +5.8% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $656K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 538 | $656K | No change |
Total filed on the 13F, all lines: $1.2B.
Portfolio Sells Q3 2024 → Q4 2024
| TFC Truist Financial Corp. | Reduce -76.3% | 0.26% | −0.83 |
| CVS CVS Health Corp. | Reduce -38.5% | 0.22% | −0.28 |
| APTV Aptiv PLC | Reduce -29.5% | 0.33% | −0.23 |
| JNJ Johnson & Johnson | Reduce -1.0% | 1.48% | −0.20 |
| CMCSA Comcast Corp. Class A | Reduce -12.3% | 0.65% | −0.18 |
| AMT American Tower Corp. | Reduce -2.0% | 0.57% | −0.17 |
| ZTS Zoetis Inc. | Reduce -3.9% | 0.65% | −0.16 |
| QSR Restaurant Brands Intern | Reduce -16.9% | 0.43% | −0.14 |
| MSFT Microsoft Corp. | Reduce -0.6% | 4.25% | −0.14 |
| O Realty Income Corp. | Reduce -0.5% | 0.68% | −0.14 |
| BSCO Invesco Bulletshares 2024 CB | Sold out | 0.00% | −0.12 |
| MTCH Match Group Inc. | Reduce -2.0% | 0.61% | −0.12 |
| XLP SS Consumer Staples Sel Sect | Reduce -4.4% | 0.65% | −0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.9% | 2.07% | −0.07 |
| RTX RTX Corp. | Reduce -0.8% | 1.04% | −0.06 |
| HD Home Depot Inc. | Reduce -0.6% | 1.14% | −0.06 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -9.6% | 0.38% | −0.05 |
| XLE SS Energy Select Sector | Reduce -3.5% | 0.62% | −0.04 |
| CVX Chevron Corp. | Reduce -2.8% | 0.78% | −0.04 |
| SYK Stryker Corp. | Reduce -2.5% | 1.09% | −0.04 |
| SCHM Schwab US Mid Cap ETF | Reduce -19.4% | 0.16% | −0.04 |
| XLC SS Comm Select Sector SPDR | Reduce -22.2% | 0.18% | −0.04 |
| ARI Apollo Commercial Real Estat | Reduce -38.6% | 0.04% | −0.03 |
| PII Polaris Inc. | Sold out | 0.00% | −0.02 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.02 |
| HALO Halozyme Therapeutics Inc. | Sold out | 0.00% | −0.02 |
| TJX TJX Companies Inc. | Reduce -4.2% | 1.04% | −0.02 |
| ENB Enbridge Inc. | Sold out | 0.00% | −0.02 |
| IFF Intl Flavors & Fragrances | Sold out | 0.00% | −0.02 |
| ABT Abbott Laboratories | Reduce -0.5% | 1.01% | −0.02 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.02 |
| HSY The Hershey Co. | Sold out | 0.00% | −0.02 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.02 |
| SON Sonoco Products Co. | Sold out | 0.00% | −0.02 |
| BA The Boeing Co. | Sold out | 0.00% | −0.02 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.02 |
| DIS The Walt Disney Co. | Reduce -31.5% | 0.06% | −0.01 |
| FALN iShares Fallen Angels ETF | Reduce -5.5% | 0.14% | −0.01 |
| VDC Vanguard Consumer Staple ETF | Reduce -2.6% | 0.19% | −0.01 |
| JPST JPMorgan Ultra-Short Income | Reduce -3.7% | 0.23% | −0.01 |
| DUK Duke Energy Corp. | Reduce -3.2% | 0.10% | −0.01 |
| FSCO FS Credit Opportunities Corp. | Sold out | 0.00% | −0.01 |
| EMN Eastman Chemical Co. | Reduce -3.9% | 0.03% | −0.01 |
| XLRE SS Real Estate Select Sector | Reduce -8.6% | 0.05% | −0.01 |
| XLB SS Materials Select Sector | Reduce -2.0% | 0.05% | −0.01 |
| GPC Genuine Parts Co. | Reduce -8.7% | 0.03% | −0.01 |
| COP Conocophillips | Reduce -12.8% | 0.03% | −0.01 |
| JEPI JPMorgan Equity Premium Inco | Reduce -4.2% | 0.07% | −0.01 |
| SMH Vaneck Semiconductor ETF | Reduce -0.8% | 0.22% | −0.01 |
| MCD McDonald's Corp. | Reduce -10.7% | 0.02% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| AVGO Broadcom Inc. | Add +0.3% | 3.13% | +0.79 |
| CSX CSX Corp. | New | 0.73% | +0.73 |
| GOOGL Alphabet Inc. Class A | Add +1.6% | 2.88% | +0.38 |
| QQQ Invesco QQQ Trust Series 1 | Add +137.4% | 0.51% | +0.30 |
| IVW iShares S&P 500 Growth ETF | Add +94.8% | 0.56% | +0.29 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +2.5% | 5.79% | +0.23 |
| NVDA Nvidia Corp. | Add +2.5% | 1.91% | +0.21 |
| CSCO Cisco Systems Inc. | Add +1.7% | 1.03% | +0.11 |
| VSLU Applied Finance Valuat ETF | Add +4.5% | 2.13% | +0.11 |
| V Visa Inc. Class A | Add +0.0% | 0.90% | +0.11 |
| BSCW Invesco Bulletshares 2032 CB | Add +274.8% | 0.14% | +0.10 |
| IVV iShares Core S&P 500 ETF | Add +1.5% | 2.96% | +0.08 |
| IJH iShares Core S&P Midcap ETF | Add +10.7% | 0.68% | +0.06 |
| BSCX Invesco Bulletshares 2033 CB | Add +167.7% | 0.08% | +0.05 |
| XLF SS Financial Select Sector | Add +1.2% | 0.59% | +0.04 |
| GSLC Goldman Activebeta US LC ETF | Add +2.8% | 0.98% | +0.04 |
| BSCY Invesco Bulletshares 2034 CB | New | 0.04% | +0.04 |
| META Meta Platforms Inc. Class A | Add +2.9% | 0.89% | +0.04 |
| TNA Dir Dai SML Ca Bul 3X Et-Usd | New | 0.03% | +0.03 |
| ACN Accenture PLC Class A | Add +2.5% | 1.98% | +0.03 |
| WSM Williams-Sonoma Inc. | Add +0.3% | 0.16% | +0.03 |
| UNP Union Pacific Corp. | New | 0.02% | +0.02 |
| IJR iShares Core S&P Small-Cap E | Add +25.7% | 0.11% | +0.02 |
| AVAV Aerovironment Inc. | New | 0.02% | +0.02 |
| PFE Pfizer Inc. | New | 0.02% | +0.02 |
| GOOG Alphabet Inc. Class C | Add +18.1% | 0.07% | +0.02 |
| FTV Fortive Corp. | Add +9.0% | 0.60% | +0.02 |
| IWB iShares Russell 1000 ETF | New | 0.02% | +0.02 |
| MA Mastercard Inc. Class A | New | 0.02% | +0.02 |
| AMLP Alerian MLP ETF | Add +0.0% | 0.98% | +0.01 |
| VFH Vanguard Financials ETF | Add +0.2% | 0.22% | +0.01 |
| CGBD Carlyle Secured Lending Inc. | Add +0.5% | 0.27% | +0.01 |
| IGV iShares Expanded Tech-Softwa | Add +2.0% | 0.11% | +0.01 |
| PANW Palo Alto Networks Inc. | Add +9.1% | 0.09% | +0.01 |
| SCHB Schwab US Broad Market ETF | Add +1.5% | 0.33% | +0.01 |
| BSCV Invesco Bulletshares 2031 CB | Add +10.6% | 0.19% | +0.01 |
| IBM Intl Business Machines Corp. | Add +21.6% | 0.05% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +4.6% | 0.15% | +0.01 |
| BMY Bristol-Myers Squibb Co. | Add +26.9% | 0.03% | +0.01 |
| BSCT Invesco Bulletshares 2029 CB | Add +6.3% | 0.25% | +0.01 |
| PYPL PayPal Holdings Inc. | Add +21.6% | 0.03% | +0.01 |
| GPN Global Payments Inc. | Add +0.1% | 0.07% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +13.9% | 0.04% | +0.01 |
| AXP American Express Co. | Add +7.3% | 0.03% | +0.00 |
| TSM Taiwan Semiconductor-SP ADR | Add +1.2% | 0.03% | +0.00 |
| VCIT Vanguard Int-Term Corporate | Add +9.2% | 0.07% | +0.00 |
| BSCQ Invesco Bulletshares 2026 CB | Add +2.4% | 0.24% | +0.00 |
| T AT&T Inc. | Add +1.1% | 0.06% | +0.00 |
| VIG Vanguard Dividend Apprec ETF | Add +3.2% | 0.16% | +0.00 |
| PEY Invesco High Yield Equity Di | Add +14.7% | 0.02% | +0.00 |
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 |