Institutional Manager · CIK 0002011548

Novak & Powell Financial Services, Inc.

ST. PETERSBURG, FL · File #028-23984

Latest AUM

$191.7M

Positions

166

Top-10 Concentration

50.5%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	INVSC QQQ TRUST SRS 1 ETF	IVZ	-15,589	-$9.6M	+$275,354
ADD	ISHARES TR S&P SML 600 GWT	464287887	+10,025	+$1.3M	-$155,964
REDUCE	MICROSOFT CORPORATION	MSFT	-2,663	-$1.3M	-$491,669
REDUCE	ISHARES TR SP SMCP600VL ETF	464287879	-10,468	-$1.2M	+$54,413
EXITED	VANGUARD SMALL CAP GROWTH ETF	922908595	-3,439	-$1.0M	$0
ADD	VANGUARD TOTAL WORLD STOCK ETF	922042742	+3,601	+$507,959	+$101,099
REDUCE	ISHARES TR ISHARES BIOTECH	464287556	-2,582	-$435,739	+$265,391
REDUCE	JPMORGAN CHASE & COMPANY.	VYLD	-1,033	-$332,840	+$38,538
ADD	VANGUARD FTSE ALL-WORLD EX-US ETF	922042775	+4,256	+$313,077	+$33,539
EXITED	DIMENSIONAL U S SMALL CAP ETF	25434V500	-4,248	-$290,814	$0

Sector Allocation

11.6%$22.2M

7.7%$14.7M

2.6%$5.1M

1.8%$3.4M

Consumer Discretionary

1.7%$3.2M

0.9%$1.7M

0.8%$1.5M

0.8%$1.5M

0.7%$1.3M

Communication Services

0.5%$919,772

Real Estate

0.4%$840,203

Filing History

Feb 10, 202613F HOLDINGS REPORTQ/E Dec 2025166 pos · $191.7M
Nov 14, 202513F HOLDINGS REPORTQ/E Sep 2025163 pos · $190.2M
Aug 11, 202513F HOLDINGS REPORTQ/E Jun 2025146 pos · $144.1M
May 15, 202513F HOLDINGS REPORTQ/E Mar 2025152 pos · $160.7M
Feb 18, 202513F HOLDINGS REPORTQ/E Dec 2024152 pos · $167.9M
Nov 14, 202413F HOLDINGS REPORTQ/E Sep 2024159 pos · $172.5M
Aug 15, 202413F HOLDINGS REPORTQ/E Jun 2024161 pos · $161.0M
May 15, 202413F HOLDINGS REPORTQ/E Mar 2024145 pos · $133.7M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD GROWTH ETF	922908736	26,145	$12.8M	8.77%
2	APPLE INCORPORATED	AAPL	39,873	$10.8M	7.45%
3	INVESCO QQQ TR	IVZ	16,448	$10.1M	6.95%
4	VANGUARD LARGE-CAP ETF	922908637	28,641	$9.0M	6.20%
5	SPDR S&P 500 ETF	SPY	10,197	$7.0M	4.78%
6	MICROSOFT CORPORATION	MSFT	11,648	$5.6M	3.87%
7	VANGUARD VALUE ETF	922908744	27,000	$5.2M	3.55%
8	VANGUARD TOTAL WORLD STOCK ETF	922042742	34,607	$4.9M	3.36%
9	VANGUARD DIVIDEND APPRECIATION ETF	921908844	18,887	$4.2M	2.85%
10	BERKSHIRE HATHAWAY INCORPORATED DEL CLASS B NEW	BRK-A	7,779	$3.9M	2.69%
11	SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST	78467X109	7,923	$3.8M	2.62%
12	VANGUARD TOTAL STOCK MARKET ETF	922908769	10,886	$3.6M	2.51%
13	NVIDIA CORPORATION	NVDA	17,793	$3.3M	2.28%
14	ISHARES GOLD TR ISHARES NEW	IAU	38,024	$3.1M	2.12%
15	FIRST TRUST DOW JONES INTERNET INDEX FUND	33733E302	11,323	$3.0M	2.10%
16	ISHARES TR S&P SML 600 GWT	464287887	22,015	$2.8M	1.94%
17	ISHARES TR CORE S&P MCP ETF	464287507	42,168	$2.8M	1.91%
18	VANGUARD SHORT-TERM CORPORATE BOND ETF	92206C409	34,759	$2.8M	1.91%
19	INVSC QQQ TRUST SRS 1 ETF	IVZ	4,181	$2.6M	1.77%
20	FIRST TRUST NASDAQ-100 TECHNOLOGY INDEX FUND	337345102	10,867	$2.5M	1.72%