13F HOLDINGS REPORT

Novak & Powell Financial Services, Inc.

Quarter ended Q4 2025 · Filed February 10, 2026 · Accession 0002011548-26-000001

Total Value

$191.7M

Positions

166

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (166)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	VANGUARD GROWTH ETF	922908736	26,145	$12.8M	6.65%
2	APPLE INCORPORATED	AAPL	39,873	$10.8M	5.65%
3	INVESCO QQQ TR	IVZ	16,448	$10.1M	5.27%
4	VANGUARD LARGE-CAP ETF	922908637	28,641	$9.0M	4.70%
5	SPDR S&P 500 ETF	SPY	10,197	$7.0M	3.63%
6	MICROSOFT CORPORATION	MSFT	11,648	$5.6M	2.94%
7	VANGUARD VALUE ETF	922908744	27,000	$5.2M	2.69%
8	VANGUARD TOTAL WORLD STOCK ETF	922042742	34,607	$4.9M	2.55%
9	VANGUARD DIVIDEND APPRECIATION ETF	921908844	18,887	$4.2M	2.17%
10	BERKSHIRE HATHAWAY INCORPORATED DEL CLASS B NEW	BRK-A	7,779	$3.9M	2.04%
11	SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST	78467X109	7,923	$3.8M	1.99%
12	VANGUARD TOTAL STOCK MARKET ETF	922908769	10,886	$3.6M	1.90%
13	NVIDIA CORPORATION	NVDA	17,793	$3.3M	1.73%
14	ISHARES GOLD TR ISHARES NEW	IAU	38,024	$3.1M	1.61%
15	FIRST TRUST DOW JONES INTERNET INDEX FUND	33733E302	11,323	$3.0M	1.59%
16	ISHARES TR S&P SML 600 GWT	464287887	22,015	$2.8M	1.48%
17	ISHARES TR CORE S&P MCP ETF	464287507	42,168	$2.8M	1.45%
18	VANGUARD SHORT-TERM CORPORATE BOND ETF	92206C409	34,759	$2.8M	1.45%
19	INVSC QQQ TRUST SRS 1 ETF	IVZ	4,181	$2.6M	1.34%
20	FIRST TRUST NASDAQ-100 TECHNOLOGY INDEX FUND	337345102	10,867	$2.5M	1.30%
21	ISHARES TR CORE S&P SCP ETF	464287804	20,370	$2.4M	1.28%
22	JOHNSON & JOHNSON	JNJ	10,361	$2.1M	1.12%
23	VANGUARD FINANCIALS ETF	92204A405	14,329	$1.9M	1.00%
24	VANGUARD HEALTH CARE ETF	92204A504	6,365	$1.8M	0.96%
25	ISHARES TR S&P MC 400VL ETF	464287705	13,121	$1.7M	0.90%
26	FIRST TRUST TECHNOLOGY ALPHADEX FUND	33734X176	10,092	$1.7M	0.89%
27	VANGUARD FTSE EMERGING MARKETS ETF	922042858	31,286	$1.7M	0.88%
28	VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF	92206C870	19,528	$1.6M	0.85%
29	ISHARES TR S&P MC 400GR ETF	464287606	16,242	$1.6M	0.82%
30	VANGUARD REAL ESTATE ETF	922908553	17,385	$1.5M	0.80%
31	VANGUARD SHORT-TERM BOND ETF	921937827	19,417	$1.5M	0.80%
32	VANGUARD MID-CAP GROWTH ETF	922908538	5,437	$1.5M	0.79%
33	JPMORGAN CHASE & COMPANY.	VYLD	4,637	$1.5M	0.78%
34	VANGUARD FTSE ALL-WORLD EX-US ETF	922042775	19,560	$1.4M	0.75%
35	ISHARES TR ISHARES BIOTECH	464287556	8,299	$1.4M	0.73%
36	ENTERPRISE PRODUCTS PARTNERS L P	293792107	41,496	$1.3M	0.69%
37	BOEING COMPANY	BA-PA	6,113	$1.3M	0.69%
38	PROCTER AND GAMBLE COMPANY	742718109	8,905	$1.3M	0.67%
39	ISHARES TR DOW JONES US ETF	464287846	7,332	$1.2M	0.63%
40	VANGUARD MID-CAP VALUE ETF	922908512	6,720	$1.2M	0.62%
41	AMAZON COM INCORPORATED	AMZN	4,997	$1.2M	0.60%
42	VANGUARD UTILITIES ETF	92204A876	5,954	$1.1M	0.57%
43	VANGUARD TOTAL BOND MARKET ETF	921937835	14,360	$1.1M	0.55%
44	VANGUARD FTSE EUROPE ETF	922042874	12,661	$1.1M	0.55%
45	QUALCOMM INCORPORATED	QCOM	5,730	$980,180	0.51%
46	VANGUARD SMALL CAP GROWTH ETF	922908751	3,081	$930,801	0.49%
47	AMGEN INCORPORATED	AMGN	2,839	$929,307	0.48%
48	SPDR S&P INTERNATIONAL DIVIDEND ETF	78463X772	19,905	$874,544	0.46%
49	EQUIFAX INCORPORATED	EFX	3,953	$857,780	0.45%
50	ECOLAB INCORPORATED	ECL	3,142	$824,710	0.43%
51	FIRST TRUST DORSEY WRIGHT FOCUS 5 ETF	33738R605	13,102	$824,384	0.43%
52	ISHARES TR S&P 500 VAL ETF	464287408	3,778	$801,132	0.42%
53	ISHARES TR SP SMCP600VL ETF	464287879	6,922	$787,161	0.41%
54	BERKSHIRE HATHAWAY INCORPORATED DEL CLASS A	BRK-A	1	$754,800	0.39%
55	TESLA INCORPORATED	TSLA	1,649	$741,588	0.39%
56	EXXON MOBIL CORPORATION	XOM	6,140	$738,939	0.39%
57	ALERIAN MLP ETF	00162Q452	15,632	$734,994	0.38%
58	3M COMPANY	MMM	4,471	$715,763	0.37%
59	VANGUARD TOTAL INTERNATIONAL STOCK ETF	921909768	9,348	$705,187	0.37%
60	VANGUARD SMALL-CAP VALUE ETF	922908611	3,322	$703,566	0.37%
61	PNC FINL SVCS GROUP INCORPORATED	693475105	3,364	$702,196	0.37%
62	PHILIP MORRIS INTERNATIONAL INCORPORATED	718172109	4,206	$674,713	0.35%
63	WALMART INCORPORATED	WMT	5,934	$661,109	0.34%
64	SOUTHERN COPPER CORPORATION	SCCO	4,552	$653,075	0.34%
65	SBA COMMUNICATIONS CORPORATION NEW CLASS A REIT	SBAC	3,359	$649,731	0.34%
66	ISHARES TR EXPANDED TECH	464287515	6,125	$647,351	0.34%
67	MCDONALDS CORPORATION	MCD	2,076	$634,429	0.33%
68	VANGUARD MATERIALS ETF	92204A801	2,977	$617,875	0.32%
69	BROOKFIELD INFRAST PARTNERS LP LP INT UNIT (BERMUDA)	G16252101	17,450	$606,213	0.32%
70	VANGUARD MID-CAP ETF	922908629	2,078	$603,047	0.31%
71	STATE STREET SPDR BLOOMBERG HIGH YIELD BOND ETF	78468R622	6,049	$588,071	0.31%
72	DNP SELECT INCOME FD INCORPORATED	23325P104	58,773	$587,144	0.31%
73	ISHARES TR CORE S&P500 ETF	464287200	850	$581,934	0.30%
74	DISNEY WALT COMPANY	254687106	5,035	$572,865	0.30%
75	ISHARES TR MSCI EMG MKT ETF	464287234	9,329	$565,186	0.29%
76	ORACLE CORPORATION	ORCL-PD	2,892	$563,681	0.29%
77	S & T BANCORP INCORPORATED	STBA	13,819	$543,778	0.28%
78	DUKE ENERGY CORPORATION NEW COM NEW	DUKB	4,588	$537,749	0.28%
79	UNITEDHEALTH GROUP INCORPORATED	UNH	1,621	$535,229	0.28%
80	CINTAS CORPORATION	CTAS	2,803	$527,147	0.27%
81	FIRST TRUST HEALTH CARE ALPHADEX FUND	33734X143	4,551	$518,001	0.27%
82	SOUTHERN COMPANY	SOMN	5,925	$516,641	0.27%
83	EVERGY INCORPORATED	EVRG	7,102	$514,834	0.27%
84	MERCK & COMPANY INCORPORATED	MRK	4,874	$513,021	0.27%
85	VANGUARD SHORT-TERM TREASURY ETF	92206C102	8,600	$505,078	0.26%
86	RAYMOND JAMES FINL INCORPORATED	754730109	3,073	$493,451	0.26%
87	VANGUARD SMALL-CAP ETF	922908751	1,904	$491,164	0.26%
88	FIRST TRUST CAPITAL STRENGTH ETF	33733E104	5,054	$467,598	0.24%
89	NEOS S&P 500 HIGH INCOME ETF	78433H303	8,864	$465,625	0.24%
90	FT VEST GOLD TARGET INCOME ETF	33733E856	18,600	$465,186	0.24%
91	NEXTERA ENERGY INCORPORATED	NEE-PW	5,670	$455,188	0.24%
92	VANGUARD HIGH DIVIDEND YIELD ETF	921946406	3,068	$440,366	0.23%
93	ELECTRONIC ARTS INCORPORATED	EA	2,057	$420,407	0.22%
94	ISHARES BIOTECHNOLOGY ETF	464287556	2,484	$419,225	0.22%
95	APPLIED MATLS INCORPORATED	038222105	1,627	$418,013	0.22%
96	GE AEROSPACE COM NEW	369604301	1,328	$409,154	0.21%
97	MARRIOTT INTERNATIONAL INCORPORATED NEW CLASS A	571903202	1,304	$404,625	0.21%
98	SPDR GOLD SHARES	GLD	987	$391,158	0.20%
99	VANGUARD INTERNATIONAL DIVIDEND APPRECIATION ETF	921946810	4,252	$388,887	0.20%
100	BANK AMERICA CORPORATION	060505104	7,038	$387,096	0.20%
101	COSTCO WHOLESALE CORPORATION NEW	22160K105	445	$383,523	0.20%
102	ISHARES TR RUS TP200 GR ETF	464289438	1,380	$382,177	0.20%
103	AUTOMATIC DATA PROCESSING INCORPORATED	ADP	1,471	$378,464	0.20%
104	ISHARES TR U.S. TECH ETF	464287721	1,894	$378,202	0.20%
105	TEXAS INSTRS INCORPORATED	882508104	2,139	$371,091	0.19%
106	CHEVRON CORPORATION NEW	CVX	2,389	$364,119	0.19%
107	SFL CORPORATION LIMITED SHS (BERMUDA)	SFL	46,341	$361,926	0.19%
108	STRYKER CORPORATION	SYK	1,000	$351,470	0.18%
109	M & T BK CORPORATION	55261F104	1,686	$339,610	0.18%
110	GOLDMAN SACHS GROUP INCORPORATED	GSCE	382	$336,167	0.18%
111	VANGUARD INDEX FUNDS S&P 500 ETF SHS NEW	922908363	532	$333,633	0.17%
112	STATE STREET INDUSTRIAL SELECT SECTOR SPDR ETF	81369Y704	2,134	$331,054	0.17%
113	PROSHARES S&P 500 DIVIDEND ARISTOCRATS ETF	74348A467	3,178	$330,755	0.17%
114	NEOS NASDAQ 100 HIGH INCOME ETF	78433H675	6,100	$328,546	0.17%
115	FIRST TRUST ETF II INDLS PROD DURABLE	33734X150	3,997	$319,240	0.17%
116	INVESCO S&P 500 TOP 50 ETF	IVZ	5,372	$318,452	0.17%
117	ISHARES TR ISHARES SEMICDTR	464287523	1,050	$316,208	0.16%
118	FIRST TRUST NYSE ARCA BIOTECHNOLOGY INDEX FUND	33733E203	1,512	$312,258	0.16%
119	INVESCO S&P 500 LOW VOLATILITY ETF	IVZ	4,368	$311,996	0.16%
120	PFIZER INCORPORATED	PFE	12,522	$311,790	0.16%
121	ALTRIA GROUP INCORPORATED	MO	5,382	$310,340	0.16%
122	KROGER COMPANY	KR	4,914	$307,000	0.16%
123	STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF	81369Y803	2,125	$305,990	0.16%
124	CISCO SYSTEMS INCORPORATED	CSCO	3,954	$304,557	0.16%
125	VANGUARD INFORMATION TECHNOLOGY ETF	92204A702	403	$303,773	0.16%
126	REAVES UTIL INCOME FD COM SH BEN INT	756158101	8,143	$297,871	0.16%
127	DANAHER CORPORATION	235851102	1,299	$297,367	0.16%
128	VERIZON COMMUNICATIONS INCORPORATED	VZ	7,038	$286,637	0.15%
129	ABBVIE INCORPORATED	ABBV	1,183	$270,304	0.14%
130	INVESCO S&P 500 EQUAL WEIGHT INDUSTRIALS ETF	IVZ	4,715	$267,010	0.14%
131	AT&T INCORPORATED	T-PC	10,724	$266,391	0.14%
132	BROADRIDGE FINL SOLUTIONS INCORPORATED	11133T103	1,152	$257,169	0.13%
133	DOMINION ENERGY INCORPORATED	D	4,280	$250,772	0.13%
134	CORNING INCORPORATED	GLW	2,853	$249,811	0.13%
135	PEPSICO INCORPORATED	PEP	1,738	$249,411	0.13%
136	DIMENSIONAL INTERNATIONAL CORE EQUITY MARKET ETF	25434V203	6,537	$249,125	0.13%
137	JPMORGAN NASDAQ EQUITY PREMIUM INCOME ETF	46654Q203	4,274	$248,405	0.13%
138	INTEL CORPORATION	INTC	6,687	$246,755	0.13%
139	PACER US CASH COWS 100 ETF	69374H881	4,079	$245,409	0.13%
140	UNION PAC CORPORATION	UNP	1,057	$244,423	0.13%
141	DEERE & COMPANY	DE	521	$242,384	0.13%
142	FLAGSTAR BANK NATIONAL ASSOCIA COM NEW	FLG-PU	19,190	$241,598	0.13%
143	S&P GLOBAL INCORPORATED	SPGI	457	$238,568	0.12%
144	LOWES COMPANIES INCORPORATED	548661107	948	$228,588	0.12%
145	ISHARES U S CONSUMER STAPLES ETF	464287812	3,401	$227,595	0.12%
146	ISHARES INCORPORATED CORE MSCI EMKT	46434G103	3,385	$227,564	0.12%
147	YUM BRANDS INCORPORATED	YUM	1,504	$227,537	0.12%
148	CONOCOPHILLIPS	COP	2,398	$224,494	0.12%
149	HONEYWELL INTERNATIONAL INCORPORATED	438516106	1,148	$223,997	0.12%
150	BALL CORP	BALL	4,200	$222,474	0.12%
151	BROADCOM INCORPORATED	AVGO	641	$221,850	0.12%
152	INVESCO S&P SMALLCAP INDUSTRIALS ETF	IVZ	1,467	$220,173	0.11%
153	GE VERNOVA INCORPORATED	GEV	330	$215,704	0.11%
154	META PLATFORMS INCORPORATED CLASS A	META	322	$212,728	0.11%
155	FIRST TRUST NASDAQ RISING DIVIDEND ACHIEVERS	33738R506	3,050	$211,884	0.11%
156	HOME DEPOT INCORPORATED	HD	614	$211,150	0.11%
157	PHILLIPS 66	PSX	1,620	$209,076	0.11%
158	FIRST TRUST PREFERRED SECURITIES AND INCOME ETF	33739E108	11,281	$205,540	0.11%
159	RTX CORPORATION	RTX	1,104	$202,474	0.11%
160	COCA COLA COMPANY	KO	2,877	$201,133	0.10%
161	HEALTHPEAK PROPERTIES INC	DOC	11,845	$190,472	0.10%
162	BNY MELLON STRATEGIC MUNS INCORPORATED	05588W108	26,578	$169,033	0.09%
163	INVESCO FINANCIAL PREFERRED ETF	IVZ	11,795	$166,778	0.09%
164	MFS HIGH INCOME MUN TR SH BEN INT	59318D104	37,638	$139,261	0.07%
165	BNY MELLON STRATEGIC MUN BD FD	09662E109	18,030	$111,245	0.06%
166	MFS HIGH YIELD MUN TR SH BEN INT	59318E102	30,365	$106,580	0.06%