NOVARE CAPITAL MANAGEMENT LLC
SEC Form 13F institutional filer · CIK 0001388409
13F-HR · 117 reported holdings · 2026-03-31
NOVARE CAPITAL MANAGEMENT LLC is an investment advisor.
Reported long-US-equity value
$1.14B
Top-10 concentration
38.8%
NOVARE CAPITAL MANAGEMENT LLC — $1.14B AUM allocation strategy
NOVARE CAPITAL MANAGEMENT LLC files SEC Form 13F and reports $1.14B of long US equity value across 117 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 15.2%, followed by Financials 11.2% and Industrials 5.3%.
The top 10 holdings account for 39% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
NOVARE CAPITAL MANAGEMENT LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$1.14B
total across 117 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
39% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$XLK +104K sh · +$12.4M+$UBER +71.7K sh · +$5.09M+$IVZ +24.4K sh · +$1.8M
Biggest trims (shares)
−$VZ −182K sh · −$4.97M−$SCHW −64.1K sh · −$2.03M−$WMT −25.5K sh · +$1.17M
Exited to nil (held last quarter, gone now)
$ACN ($15.2M last qtr)$CRM ($9.34M last qtr)$ADBE ($7.42M last qtr)$TSCO ($421K last qtr)$KVUE ($272K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Semiconductors6.3%—
- Asset Management & Custody Banks5.5%—
- Technology Hardware, Storage & Peripherals5.0%—
- Systems Software3.9%—
- Interactive Media & Services3.7%—
- Consumer Staples Merchandise Retail3.4%—
- Pharmaceuticals2.5%—
- Broadline Retail2.4%—
- Other holdings67.3%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
7 of 7 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $AAPL | Apple Inc | 225K | $57M | -2.9K | 5.0% |
| $MSFT | Microsoft Corporation | 120K | $44.2M | -254 | 3.9% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 149K | $42.9M | -22.2K | 3.8% |
| $WMT | Walmart Inc | 311K | $38.7M | -25.5K | 3.4% |
| $NVDA | NVIDIA Corporation | 215K | $37.5M | -7.24K | 3.3% |
| $AVGO | Broadcom Inc | 110K | $34.2M | -22.2K | 3.0% |
| $JNJ | Johnson & Johnson | 115K | $28.1M | -4.81K | 2.5% |
…and 110 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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