NCM Capital Management, LLC
SEC Form 13F institutional filer · CIK 0001907054
13F-HR · 104 reported holdings · 2026-03-31
Reported long-US-equity value
$0.18B
Top-10 concentration
51.1%
NCM Capital Management, LLC — $180M AUM allocation strategy
NCM Capital Management, LLC files SEC Form 13F and reports $180M of long US equity value across 104 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 19.9%, followed by Financials 15.1% and Energy 9.4%.
The top 10 holdings account for 51% of reported value — a conviction-weighted book concentrated in its best ideas. 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.
NCM Capital Management, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$180M
total across 104 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
51% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$TROW +20.6K sh · −$198K+$KMB +2.1K sh · +$183K+$MMM +1.05K sh · −$76.2K
Biggest trims (shares)
−$CSX −2.45K sh · −$43K−$NVDA −2.33K sh · −$2M−$IWM −2.05K sh · −$217K
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)
- Semiconductors12.6%—
- Oil & Gas Exploration & Production7.8%—
- Asset Management & Custody Banks7.1%—
- Investment Banking & Brokerage4.5%—
- Technology Hardware, Storage & Peripherals3.8%—
- Diversified Banks3.5%—
- Systems Software3.5%—
- Interactive Media & Services3.0%—
- Other holdings54.2%—
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
8 of 8 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $NVDA | NVIDIA Corporation | 130K | $22.6M | -2.33K | 12.6% |
| $TPL | Texas Pacific Land Corporation | 29.7K | $14.1M | -589 | 7.8% |
| $TROW | T. Rowe Price Group Inc | 344K | $10.7M | +20.6K | 5.9% |
| $SCHW | Charles Schwab Corporation | 262K | $8.05M | -344 | 4.5% |
| $AAPL | Apple Inc | 27.2K | $6.9M | +141 | 3.8% |
| $JPM | JP Morgan Chase & Co | 21.5K | $6.32M | -189 | 3.5% |
| $MSFT | Microsoft Corporation | 17K | $6.3M | +535 | 3.5% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 18.6K | $5.34M | +340 | 3.0% |
…and 96 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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