# NCP Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2023709. Source: https://holderbook.com/funds/2023709-ncp-inc/

- Reported value: $71.9M
- Positions: 78
- Weight of the ten largest: 74.1%
- Filed: 2026-08-13

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 |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $15.2M | 75,826 | 21.1% | 10 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $6.4M | 26,700 | 8.9% | 10 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $5.5M | 15,500 | 7.7% | 10 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $4.8M | 11,400 | 6.7% | 10 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $4.6M | 15,808 | 6.4% | 10 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $4.5M | 5,950 | 6.3% | 9 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $4.3M | 11,425 | 6.0% | 10 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $3.3M | 3,150 | 4.6% | 10 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $2.9M | 3,950 | 4.0% | 10 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.8M | 1,923 | 2.5% | 10 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.6M | 7,400 | 2.2% | 10 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $1.5M | 1,500 | 2.1% | 10 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $1.2M | 3,500 | 1.7% | 1 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $1.2M | 1,046 | 1.7% | 9 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.2M | 3,700 | 1.7% | 10 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $900.3K | 4,040 | 1.3% | 10 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $870.6K | 2,330 | 1.2% | 10 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $795.4K | 2,000 | 1.1% | 10 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $709.7K | 1,260 | 1.0% | 10 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $679.1K | 2,674 | 0.9% | 10 |
| ASTERA LABS INC | [ALAB](https://holderbook.com/stocks/ALAB/) | $627.9K | 1,300 | 0.9% | 1 |
| UNITED AIRLS HLDGS INC | [UAL](https://holderbook.com/stocks/UAL/) | $612.0K | 4,500 | 0.9% | 10 |
| CREDO TECHNOLOGY GROUP HOLDI | [CRDO](https://holderbook.com/stocks/CRDO/) | $571.1K | 2,100 | 0.8% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $543.1K | 1,456 | 0.8% | 10 |
| ROCKET LAB CORP | [RKLB](https://holderbook.com/stocks/RKLB/) | $406.6K | 4,000 | 0.6% | 1 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $356.1K | 6,250 | 0.5% | 10 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $311.7K | 750 | 0.4% | 10 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $267.8K | 3,750 | 0.4% | 10 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $250.7K | 500 | 0.3% | 10 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $244.3K | 1,091 | 0.3% | 1 |
| MAXLINEAR INC | [MXL](https://holderbook.com/stocks/MXL/) | $243.3K | 1,900 | 0.3% | 1 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $241.2K | 1,091 | 0.3% | 1 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $235.9K | 4,400 | 0.3% | 10 |
| OKLO INC | [OKLO](https://holderbook.com/stocks/OKLO/) | $230.3K | 4,400 | 0.3% | 1 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $226.7K | 1,400 | 0.3% | 10 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $200.4K | 2,600 | 0.3% | 4 |
| ALLEGRO MICROSYSTEMS INC | [ALGM](https://holderbook.com/stocks/ALGM/) | $146.2K | 2,100 | 0.2% | 1 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $141.3K | 400 | 0.2% | 3 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $126.5K | 450 | 0.2% | 3 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $122.3K | 1,700 | 0.2% | 3 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $116.2K | 200 | 0.2% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $112.0K | 150 | 0.2% | 10 |
| GLOBAL X FDS | [URA](https://holderbook.com/stocks/URA/) | $109.2K | 2,500 | 0.2% | 1 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $108.9K | 1,300 | 0.2% | 10 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $107.2K | 313 | 0.1% | 10 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $105.8K | 300 | 0.1% | 3 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $100.2K | 686 | 0.1% | 3 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $90.6K | 800 | 0.1% | 3 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $70.5K | 600 | 0.1% | 3 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $69.1K | 750 | 0.1% | 3 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $68.0K | 400 | 0.1% | 3 |
| NUSCALE PWR CORP | [SMR](https://holderbook.com/stocks/SMR/) | $55.2K | 5,500 | 0.1% | 1 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $52.1K | 200 | 0.1% | 1 |
| IRON MTN INC DEL | [IRM](https://holderbook.com/stocks/IRM/) | $50.5K | 400 | 0.1% | 3 |
| SOLSTICE ADVANCED MATLS INC | [SOLS](https://holderbook.com/stocks/SOLS/) | $48.3K | 545 | 0.1% | 3 |
| GE HEALTHCARE TECHNOLOGIES I | [GEHC](https://holderbook.com/stocks/GEHC/) | $44.9K | 701 | 0.1% | 3 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $44.7K | 150 | 0.1% | 1 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $39.2K | 300 | 0.1% | 3 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $37.9K | 200 | 0.1% | 3 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $37.0K | 200 | 0.1% | 3 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $36.9K | 400 | 0.1% | 3 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $29.3K | 200 | 0.0% | 3 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $25.9K | 1,250 | 0.0% | 3 |
| IONQ INC | [IONQ](https://holderbook.com/stocks/IONQ/) | $21.3K | 400 | 0.0% | 1 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $19.1K | 48 | 0.0% | 3 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $17.1K | 100 | 0.0% | 1 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $17.0K | 48 | 0.0% | 3 |
| GSK PLC | [GSK](https://holderbook.com/stocks/GSK/) | $16.8K | 320 | 0.0% | 3 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $14.5K | 178 | 0.0% | 3 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $13.5K | 154 | 0.0% | 3 |
| VANECK ETF TRUST | [NLR](https://holderbook.com/stocks/NLR/) | $11.6K | 100 | 0.0% | 1 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $8.4K | 134 | 0.0% | 3 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $5.3K | 125 | 0.0% | 3 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $4.6K | 29 | 0.0% | 3 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $4.1K | 150 | 0.0% | 3 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $3.4K | 100 | 0.0% | 3 |
| SOLVENTUM CORP | [SOLV](https://holderbook.com/stocks/SOLV/) | $2.9K | 38 | 0.0% | 3 |
| CHARGEPOINT HOLDINGS INC | [CHPT](https://holderbook.com/stocks/CHPT/) | $219 | 37 | 0.0% | 3 |

## 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 | +18.6% | +14.8% | +3.8% | 100% |
| Q1 2026 | -8.3% | -4.6% | -3.6% | 97% |
| Q4 2025 | -1.6% | +2.4% | -4.0% | 100% |
| Q3 2025 | +6.9% | +7.8% | -0.9% | 100% |
| Q2 2025 | +20.0% | +10.5% | +9.5% | 100% |
| Q1 2025 | -8.2% | -4.6% | -3.7% | 100% |
| Q4 2024 | +8.2% | +2.1% | +6.0% | 100% |
| Q3 2024 | +6.5% | +5.4% | +1.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $71.9M | 78 |
| Q1 2026 | $60.1M | 74 |
| Q4 2025 | $124.0M | 163 |
| Q3 2025 | $134.5M | 51 |
| Q2 2025 | $106.1M | 50 |
| Q1 2025 | $74.1M | 133 |
| Q4 2024 | $194.8M | 132 |
| Q3 2024 | $175.5M | 136 |
| Q2 2024 | $158.1M | 138 |
| Q1 2024 | $144.5M | 136 |