# Novak & Powell Financial Services, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2011548. Source: https://holderbook.com/funds/2011548-novak-powell-financial-services-inc/

- Reported value: $212.1M
- Positions: 171
- Weight of the ten largest: 38.5%
- Filed: 2026-08-11

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $15.1M | 20,546 | 7.1% | 11 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $13.8M | 159,980 | 6.5% | 11 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $11.2M | 38,819 | 5.3% | 11 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $9.8M | 28,465 | 4.6% | 11 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $7.6M | 10,212 | 3.6% | 11 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $5.9M | 27,008 | 2.8% | 11 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $5.4M | 34,457 | 2.5% | 11 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $4.5M | 9,068 | 2.1% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $4.2M | 11,378 | 2.0% | 11 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $4.1M | 17,135 | 1.9% | 11 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $4.0M | 7,670 | 1.9% | 11 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $3.9M | 10,612 | 1.9% | 11 |
| FIRST TR EXCHANGE-TRADED FD | [QTEC](https://holderbook.com/stocks/QTEC/) | $3.6M | 10,867 | 1.7% | 11 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $3.6M | 46,313 | 1.7% | 11 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $3.2M | 40,606 | 1.5% | 11 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $3.1M | 21,206 | 1.5% | 11 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $3.1M | 15,700 | 1.5% | 11 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $2.8M | 37,469 | 1.3% | 11 |
| FIRST TR EXCHANGE-TRADED FD | [FDN](https://holderbook.com/stocks/FDN/) | $2.8M | 10,546 | 1.3% | 11 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.6M | 10,273 | 1.2% | 11 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $2.3M | 16,889 | 1.1% | 11 |
| FIRST TR EXCHANGE TRADED FD | [FXL](https://holderbook.com/stocks/FXL/) | $2.2M | 9,922 | 1.0% | 11 |
| ISHARES TR | [IJT](https://holderbook.com/stocks/IJT/) | $2.1M | 11,852 | 1.0% | 11 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $2.1M | 11,077 | 1.0% | 11 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $2.1M | 28,450 | 1.0% | 11 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $2.0M | 6,576 | 0.9% | 11 |
| ISHARES TR | [IJJ](https://holderbook.com/stocks/IJJ/) | $1.9M | 13,126 | 0.9% | 11 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.9M | 32,127 | 0.9% | 11 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $1.9M | 16,244 | 0.9% | 11 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $1.9M | 14,325 | 0.9% | 11 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $1.9M | 5,928 | 0.9% | 2 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $1.8M | 21,825 | 0.9% | 11 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $1.7M | 17,316 | 0.8% | 11 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $1.7M | 5,426 | 0.8% | 11 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $1.7M | 19,712 | 0.8% | 11 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $1.6M | 42,385 | 0.7% | 11 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.5M | 4,588 | 0.7% | 11 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.3M | 9,174 | 0.6% | 11 |
| ISHARES TR | [IYY](https://holderbook.com/stocks/IYY/) | $1.3M | 7,332 | 0.6% | 11 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $1.3M | 6,703 | 0.6% | 11 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.3M | 5,913 | 0.6% | 11 |
| VANGUARD WORLD FD | [VPU](https://holderbook.com/stocks/VPU/) | $1.2M | 5,954 | 0.5% | 11 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $1.1M | 14,278 | 0.5% | 11 |
| VANGUARD INTL EQUITY INDEX F | [VGK](https://holderbook.com/stocks/VGK/) | $1.1M | 12,700 | 0.5% | 11 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.1M | 4,672 | 0.5% | 11 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.1M | 5,766 | 0.5% | 11 |
| FIRST TR EXCHANGE-TRADED FD | [FV](https://holderbook.com/stocks/FV/) | $990.4K | 13,052 | 0.5% | 11 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $973.2K | 2,687 | 0.5% | 11 |
| SPDR INDEX SHS FDS | [DWX](https://holderbook.com/stocks/DWX/) | $932.6K | 20,292 | 0.4% | 11 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $875.9K | 3,144 | 0.4% | 11 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $858.0K | 3,779 | 0.4% | 4 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $833.4K | 5,969 | 0.4% | 4 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $828.3K | 3,364 | 0.4% | 11 |
| ALPS ETF TR | [AMLP](https://holderbook.com/stocks/AMLP/) | $828.2K | 15,973 | 0.4% | 11 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $818.1K | 9,817 | 0.4% | 11 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $813.9K | 5,953 | 0.4% | 11 |
| SOUTHERN COPPER CORP | [SCCO](https://holderbook.com/stocks/SCCO/) | $807.7K | 4,635 | 0.4% | 11 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $790.9K | 1,056 | 0.4% | 6 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $769.1K | 3,011 | 0.4% | 4 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $748.7K | 4,139 | 0.4% | 11 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $748.7K | 1,780 | 0.4% | 11 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $728.4K | 4,499 | 0.3% | 11 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $707.2K | 1,702 | 0.3% | 11 |
| S & T BANCORP INC | [STBA](https://holderbook.com/stocks/STBA/) | $678.2K | 13,819 | 0.3% | 11 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $674.2K | 5,953 | 0.3% | 11 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $672.8K | 1,050 | 0.3% | 11 |
| VANGUARD WORLD FD | [VAW](https://holderbook.com/stocks/VAW/) | $671.8K | 2,937 | 0.3% | 11 |
| DNP SELECT INCOME FD INC | [DNP](https://holderbook.com/stocks/DNP/) | $649.2K | 60,166 | 0.3% | 11 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $639.3K | 4,975 | 0.3% | 11 |
| BROOKFIELD INFRASTRUCTURE PA | [BIP](https://holderbook.com/stocks/BIP/) | $631.3K | 17,300 | 0.3% | 11 |
| EVERGY INC | [EVRG](https://holderbook.com/stocks/EVRG/) | $624.0K | 7,220 | 0.3% | 11 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $611.1K | 2,050 | 0.3% | 11 |
| SPDR SERIES TRUST | [JNK](https://holderbook.com/stocks/JNK/) | $599.3K | 6,218 | 0.3% | 11 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $580.2K | 4,583 | 0.3% | 11 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $577.5K | 3,031 | 0.3% | 11 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $567.1K | 5,925 | 0.3% | 11 |
| FIRST TR EXCHANGE TRADED FD | [FXH](https://holderbook.com/stocks/FXH/) | $542.4K | 4,431 | 0.3% | 11 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $535.1K | 1,980 | 0.3% | 11 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $500.6K | 5,525 | 0.2% | 11 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $500.5K | 8,600 | 0.2% | 11 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $496.6K | 5,658 | 0.2% | 11 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $496.0K | 1,327 | 0.2% | 10 |
| SFL CORPORATION LTD | [SFL](https://holderbook.com/stocks/SFL/) | $491.2K | 48,161 | 0.2% | 11 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $486.5K | 5,055 | 0.2% | 11 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $484.9K | 3,068 | 0.2% | 11 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $483.3K | 1,304 | 0.2% | 11 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $478.9K | 2,816 | 0.2% | 11 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $477.8K | 1,894 | 0.2% | 11 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $476.3K | 820 | 0.2% | 1 |
| SBA COMMUNICATIONS CORP | [SBAC](https://holderbook.com/stocks/SBAC/) | $474.5K | 2,689 | 0.2% | 11 |
| RAYMOND JAMES FINL INC | [RJF](https://holderbook.com/stocks/RJF/) | $467.1K | 3,073 | 0.2% | 11 |
| DIMENSIONAL ETF TRUST | [DFAS](https://holderbook.com/stocks/DFAS/) | $466.6K | 5,667 | 0.2% | 2 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $448.1K | 421 | 0.2% | 2 |
| NEOS ETF TRUST | [SPYI](https://holderbook.com/stocks/SPYI/) | $444.4K | 8,371 | 0.2% | 9 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $443.2K | 377 | 0.2% | 4 |
| PROSHARES TR | [NOBL](https://holderbook.com/stocks/NOBL/) | $438.1K | 7,801 | 0.2% | 11 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $432.5K | 1,174 | 0.2% | 9 |
| FIRST TR EXCHANGE-TRADED FD | [FTCS](https://holderbook.com/stocks/FTCS/) | $427.9K | 4,556 | 0.2% | 11 |
| ELECTRONIC ARTS INC | [EA](https://holderbook.com/stocks/EA/) | $422.7K | 2,061 | 0.2% | 11 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $409.6K | 567 | 0.2% | 11 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +12.8% | +14.8% | -2.0% | 100% |
| Q1 2026 | -2.6% | -4.6% | +2.1% | 100% |
| Q4 2025 | +1.4% | +2.4% | -1.0% | 100% |
| Q3 2025 | +7.1% | +7.8% | -0.7% | 100% |
| Q2 2025 | +7.7% | +10.5% | -2.8% | 100% |
| Q1 2025 | -2.8% | -4.6% | +1.7% | 100% |
| Q4 2024 | +0.3% | +2.1% | -1.8% | 102% |
| Q3 2024 | +6.7% | +5.4% | +1.3% | 101% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $212.1M | 171 |
| Q1 2026 | $185.6M | 163 |
| Q4 2025 | $191.7M | 163 |
| Q3 2025 | $190.2M | 163 |
| Q2 2025 | $144.1M | 146 |
| Q1 2025 | $160.7M | 152 |
| Q4 2024 | $167.9M | 150 |
| Q3 2024 | $172.5M | 156 |
| Q2 2024 | $161.0M | 152 |
| Q1 2024 | $133.7M | 145 |
| Q4 2023 | $149.9M | 150 |