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Livermore
Livermore
ZHEN

NCM Capital Management, LLC

SEC CIK
0001907054
Latest filing
Aug 14, 2026

The latest 13F from NCM Capital Management, LLC covers Q2 2026 (filed Aug 14, 2026): 194 long positions worth $324.5M. The top 10 holdings make up 35.7% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 8.9%. Livermore has 19 filings on Form 13F from this institution, going back to Q4 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
16
Est. +$5.15M
Added
74
Est. +$14.9M
Reduced
48
Est. −$3.22M
Sold out
7
Est. −$3.00M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    8.9%$28.9MHistory
  2. TPLTexas Pacific Land Corp
    4.0%$13.0MHistory
  3. Amplify ETF Tr032108409
    3.9%$12.6M
  4. T Rowe Price Exchange-Traded87283Q867
    3.3%$10.8M
  5. American Centy ETF Tr025072877
    2.9%$9.41M

Biggest buys

New and added positions, by estimated amount bought

  1. NVDANVIDIA Corp
    +$2.92MAddedHistory
  2. T Rowe Price Exchange-Traded87283Q867
    +$1.48MAdded
  3. Advisors Inner Circle FD III00775Y256
    +$1.36MAdded
  4. Listed FDS Tr53656F623
    +$1.00MAdded
  5. Schwab US Dividend Equity ETF808524797
    +$565.8KAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. NVDANVIDIA Corp
    +0.80 pp8.1% → 8.9%History
  2. T Rowe Price Exchange-Traded87283Q867
    +0.44 pp2.9% → 3.3%
  3. GLWCorning Inc
    +0.40 pp0.6% → 1.0%History
  4. Advisors Inner Circle FD III00775Y256
    +0.30 pp0.6% → 0.9%
  5. GOOGLAlphabet Inc.
    +0.27 pp1.9% → 2.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. INTCIntel Corp
    −$1.34MReducedHistory
  2. HONHoneywell International Inc
    −$988.8KSold outHistory
  3. TPHTri Pointe Homes, Inc.
    −$939.3KSold outHistory
  4. Fidelity Merrimack STR Tr316188309
    −$332.1KReduced
  5. NXJNuveen New Jersey Quality Municipal Income Fund
    −$318.0KSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. Amplify ETF Tr032108409
    −0.55 pp4.4% → 3.9%
  2. HONHoneywell International Inc
    −0.35 pp0.4% → 0.0%History
  3. TPHTri Pointe Homes, Inc.
    −0.34 pp0.3% → 0.0%History
  4. J P Morgan Exchange Traded F46641Q654
    −0.27 pp1.3% → 1.0%
  5. CVXChevron Corp
    −0.18 pp0.5% → 0.4%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$324.5M
+$45.2M (+16.2%) vs. prior quarter
Positions
194
+9 vs. prior quarter
Top 10 concentration
35.7%
Top 10 as share of value
Turnover
2.1%
Q2 2026, one quarter
Average holding period
16.5 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q4 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $324.5M (Q2 2026)

Q4 2021: $112.8MQ1 2022: $159.0MQ2 2022: $142.7MQ3 2022: $132.2MQ4 2022: $151.6MQ1 2023: $133.8MQ2 2023: $143.9MQ3 2023: $140.5MQ4 2023: $164.9MQ1 2024: $178.5MQ2 2024: $190.7MQ3 2024: $208.4MQ4 2024: $221.9MQ1 2025: $222.4MQ2 2025: $243.6MQ3 2025: $257.8MQ4 2025: $269.6MQ1 2026: $279.3MQ2 2026: $324.5M
Q4 2021Q2 2026
13F filings of NCM Capital Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 2026194$324.5MNVDATPLAmplify ETF Trvs. Q1 2026SEC
Q1 2026May 15, 2026185$279.3MNVDATPLAmplify ETF Trvs. Q4 2025SEC
Q4 2025Mar 2, 2026175$269.6MNVDAAmplify ETF TrTPLvs. Q3 2025SEC
Q3 2025Nov 14, 2025183$257.8MNVDAAmplify ETF TrTPLvs. Q2 2025SEC
Q2 2025Aug 14, 2025177$243.6MNVDAAmplify ETF TrTPLvs. Q1 2025SEC
Q1 2025May 14, 2025171$222.4MNVDATPLAmplify ETF Trvs. Q4 2024SEC
Q4 2024Feb 18, 2025170$221.9MNVDAAmplify ETF TrTPLvs. Q3 2024SEC
Q3 2024Nov 14, 2024165$208.4MNVDAAmplify ETF TrTPLvs. Q2 2024SEC
Q2 2024Aug 14, 2024160$190.7MNVDAAmplify ETF TrAAPLvs. Q1 2024SEC
Q1 2024May 15, 2024159$178.5MNVDAAmplify ETF TrMSFTvs. Q4 2023SEC
Q4 2023Feb 14, 2024159$164.9MAmplify ETF TrNVDAAAPLvs. Q3 2023SEC
Q3 2023Nov 14, 2023146$140.5MAmplify ETF TrJ P Morgan Exchange Traded FNVDAvs. Q2 2023SEC
Q2 2023Aug 14, 2023152$143.9MAmplify ETF TrJ P Morgan Exchange Traded FMSFTvs. Q1 2023SEC
Q1 2023May 15, 2023149$133.8MAmplify ETF TrJ P Morgan Exchange Traded FTPLvs. Q4 2022SEC
Q4 2022Feb 15, 2023172$151.6MAmplify ETF TrTPLJ P Morgan Exchange Traded Fvs. Q3 2022SEC
Q3 2022Nov 15, 2022162$132.2MAmplify ETF TrTPLJ P Morgan Exchange Traded Fvs. Q2 2022SEC
Q2 2022Aug 17, 2022168$142.7MAmplify ETF TrTPLMSFTvs. Q1 2022SEC
Q1 2022May 12, 2022186$159.0MiShares Core S&P 500 ETFMSFTTPLvs. Q4 2021SEC
Q4 2021Feb 15, 2022143$112.8MMSFTTPLNVDA–SEC