NBW CAPITAL LLC

CIK

1512901

Location

BOSTON, MA

Portfolio Value

Small $420,253,884

Diversification

Diversified

Filing Date

Global Rank

#2,706 / 7,998 ▼ 80 · as of Jun 2025

Top Industry

Oil & Gas Midstream 23.9%

3Y Alpha vs SPY

-2.2%

Period ended 1 year ago

Filed Aug 13, 2025 · 11mo

22 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+66.2%

SPY

+76.0%

Annualised alpha

-2.3%

Max drawdown

−18.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

97 positions · as of Jun 30, 2025 · Δ vs Mar 31, 2025

Top Position

4.3%

−0.1 pts

Top 5

19.6%

+0.4 pts

Top 10

34.4%

−1.5 pts

HHI

216

Diversified−3

Portfolio Trend

22 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2025

Sector	% Portfolio	Value	Positions
Energy	25.2%	$105,816,323	15
Technology	22.7%	$95,348,801	17
Financial Services	13.1%	$54,891,857	12
Healthcare	9.5%	$39,715,073	14
Consumer Cyclical	9.2%	$38,551,387	8
Industrials	7.5%	$31,645,144	8
Communication Services	5.1%	$21,509,373	3
Unclassified	4.6%	$19,431,701	4
Real Estate	1.5%	$6,150,923	3
Consumer Defensive	1.4%	$6,065,837	8
Utilities	0.2%	$911,125	4
Basic Materials	0.1%	$216,340	1

Last Quarter's Activity

Export CSV

Jun 30, 2025 vs Mar 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
ORLY	O Reilly Automotive Inc	+45,592	48,771	$4,395,730
HASI	HA Sustainable Infrastructure Capital, Inc.	+19,573	202,025	$5,426,391
EPD	Enterprise Products Partners L.P.	+11,225	432,097	$13,399,327
PHM	Pultegroup Inc/Mi/	+8,197	49,623	$5,233,241
AMT	American Tower Corp /Ma/	+6,842	25,721	$5,684,855
ET	Energy Transfer LP	+5,319	860,092	$15,593,467
GOOGL	Alphabet Inc.	+4,499	95,286	$16,792,251
NKE	NIKE, Inc.	+3,080	34,608	$2,458,552
VLTO	Veralto Corp	+2,948	34,629	$3,495,797
BSX	Boston Scientific Corp	+1,696	53,896	$5,788,969
STE	STERIS plc	+1,687	23,254	$5,586,075
HQY	Healthequity, Inc.	+1,528	53,514	$5,606,126
TYL	Tyler Technologies Inc	+1,505	12,539	$7,433,620
SUN	Sunoco LP	+1,431	76,009	$4,073,322
GLP	Global Partners LP	+1,181	79,794	$4,207,537
EA	Electronic Arts Inc.	+1,029	28,287	$4,517,433
OKE	Oneok Inc /New/	+944	6,012	$490,759
DSGX	Descartes Systems Group Inc	+400	54,898	$5,580,381
CSCO	Cisco Systems, Inc.	+386	3,635	$252,196
PANW	Palo Alto Networks Inc	+382	42,776	$8,753,680
MS	Morgan Stanley	+381	2,129	$299,890
VRTX	Vertex Pharmaceuticals Inc / Ma	+293	15,939	$7,096,042
ABBV	AbbVie Inc.	+268	30,614	$5,682,570
PEP	Pepsico Inc	+268	2,028	$267,777
MO	Altria Group, Inc.	+268	3,705	$217,224
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
AM	Antero Midstream Corp	−142,677	160,279	$3,037,287
PAA	Plains All American Pipeline LP	−31,512	624,089	$11,433,310
PAGP	Plains Gp Holdings LP	−22,946	240,041	$4,663,996
BJ	BJ's Wholesale Club Holdings, Inc.	−19,701	40,119	$4,326,031
MPLX	Mplx LP	−8,597	249,837	$12,869,103
AROC	Archrock, Inc.	−6,292	209,698	$5,206,801
LNG	Cheniere Energy, Inc.	−4,295	72,858	$17,742,380
ONEW	OneWater Marine Inc.	−3,179	149,299	$1,999,113
SONO	Sonos Inc	−2,857	204,008	$2,205,326
DKNG	DraftKings Inc.	−1,213	91,317	$3,916,586
PLMR	Palomar Holdings, Inc.	−1,124	68,657	$10,590,342
LYTS	Lsi Industries Inc	−1,110	102,207	$1,738,541
WES	Western Midstream Partners, LP	−1,078	311,118	$12,040,266
ATI	Ati Inc	−826	73,557	$6,350,911
PATK	Patrick Industries Inc	−804	82,167	$7,581,549
MRVL	Marvell Technology, Inc.	−761	92,290	$7,143,246
WFC	Wells Fargo & Company/Mn	−735	79,332	$6,356,079
GLD	Spdr Gold Trust	−385	2,559	$780,059
MCD	Mcdonalds Corp	−353	42,053	$12,286,625
GTLS	Chart Industries Inc	−339	39,921	$6,572,992
SPY	Spdr S&P 500 ETF Trust	−322	17,987	$11,113,267
ADI	Analog Devices Inc	−321	36,050	$8,580,621
MSFT	Microsoft Corp	−295	36,735	$18,272,356
FOXF	Fox Factory Holding Corp	−247	26,214	$679,991
DHR	Danaher Corp /De/	−240	19,315	$3,815,485
No positions match the current search.

New Positions

Positions the filer opened this quarter

16 positions

Ticker	Company	Shares	Value
EXAS	EXACT SCIENCES CORP	66,353	$3,525,998
MDLZ	Mondelez International, Inc.	4,134	$278,796
CL	Colgate Palmolive Co	2,989	$271,700
PLD	Prologis, Inc.	2,515	$264,376
KMI	Kinder Morgan, Inc.	8,035	$236,229
NEE	Nextera Energy Inc	3,382	$234,778
MET	Metlife Inc	2,760	$221,959
LMT	Lockheed Martin Corp	477	$220,917
AEP	American Electric Power Co Inc	2,125	$220,490
APD	Air Products & Chemicals, Inc.	767	$216,340
TXN	Texas Instruments Inc	1,014	$210,526
WMB	Williams Companies, Inc.	3,286	$206,393
PG	PROCTER & GAMBLE Co	1,280	$203,929
O	Realty Income Corp	3,501	$201,692
C	Citigroup Inc	2,359	$200,798
CMCSA	Comcast Corp	5,970	$199,689
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
MAS	Masco Corp /De/	67,701	$4,707,927
NGL	NGL Energy Partners LP	520,259	$2,361,975
T	At&T Inc.	8,218	$232,405
COP	Conocophillips	2,065	$216,866
VZ	Verizon Communications Inc	4,682	$212,375
BNY	Bank of New York Mellon Corp	2,501	$209,758
BMY	Bristol Myers Squibb Co	3,380	$206,146
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

97 positions · $420,253,884 total · as of Jun 30, 2025

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 97 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Reduced	36,735	-295	$18,272,356	+31.4%	4.35%
LNG	Cheniere Energy, Inc. Energy	Reduced	72,858	-4,295	$17,742,380	−0.6%	4.22%
GOOGL	Alphabet Inc. Communication Services	Added	95,286	+4,499	$16,792,251	+19.6%	4.00%
ET	Energy Transfer LP Energy	Added	860,092	+5,319	$15,593,467	−1.9%	3.71%
AAPL	Apple Inc. Technology	Reduced	68,186	-196	$13,989,721	−7.9%	3.33%
EPD	Enterprise Products Partners L.P. Energy	Added	432,097	+11,225	$13,399,327	−6.7%	3.19%
MPLX	Mplx LP Energy	Reduced	249,837	-8,597	$12,869,103	−7.0%	3.06%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	42,053	-353	$12,286,625	−7.2%	2.92%
WES	Western Midstream Partners, LP Energy	Reduced	311,118	-1,078	$12,040,266	−5.8%	2.86%
JPM	Jpmorgan Chase & Co Financial Services	Added	39,883	+220	$11,562,480	+18.8%	2.75%
PAA	Plains All American Pipeline LP Energy	Reduced	624,089	-31,512	$11,433,310	−12.8%	2.72%
SPY	Spdr S&P 500 ETF Trust	Reduced	17,987	-322	$11,113,267	+8.5%	2.64%
PLMR	Palomar Holdings, Inc. Financial Services	Reduced	68,657	-1,124	$10,590,342	+10.7%	2.52%
PANW	Palo Alto Networks Inc Technology	Added	42,776	+382	$8,753,680	+21.0%	2.08%
ADI	Analog Devices Inc Technology	Reduced	36,050	-321	$8,580,621	+17.0%	2.04%
AVGO	Broadcom Inc. Technology	Added	30,781	+217	$8,484,782	+65.8%	2.02%
PATK	Patrick Industries Inc Consumer Cyclical	Reduced	82,167	-804	$7,581,549	+8.1%	1.80%
TYL	Tyler Technologies Inc Technology	Added	12,539	+1,505	$7,433,620	+15.9%	1.77%
ROP	Roper Technologies Inc Technology	Added	12,745	+135	$7,224,375	−2.8%	1.72%
MRVL	Marvell Technology, Inc. Technology	Reduced	92,290	-761	$7,143,246	+24.7%	1.70%
VRTX	Vertex Pharmaceuticals Inc / Ma Healthcare	Added	15,939	+293	$7,096,042	−6.5%	1.69%
ITW	Illinois Tool Works Inc Industrials	Reduced	27,692	-163	$6,846,847	−0.9%	1.63%
GTLS	Chart Industries Inc Industrials	Reduced	39,921	-339	$6,572,992	+13.1%	1.56%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	79,332	-735	$6,356,079	+10.6%	1.51%
ATI	Ati Inc Industrials	Reduced	73,557	-826	$6,350,911	+64.1%	1.51%
PGR	Progressive Corp/Oh/ Financial Services	Added	23,574	+9	$6,290,957	−5.7%	1.50%
BSX	Boston Scientific Corp Healthcare	Added	53,896	+1,696	$5,788,969	+9.9%	1.38%
AMT	American Tower Corp /Ma/ Real Estate	Added	25,721	+6,842	$5,684,855	+38.4%	1.35%
ABBV	AbbVie Inc. Healthcare	Added	30,614	+268	$5,682,570	−10.6%	1.35%
HQY	Healthequity, Inc. Healthcare	Added	53,514	+1,528	$5,606,126	+22.0%	1.33%
STE	STERIS plc Healthcare	Added	23,254	+1,687	$5,586,075	+14.3%	1.33%
DSGX	Descartes Systems Group Inc Technology	Added	54,898	+400	$5,580,381	+1.6%	1.33%
HASI	HA Sustainable Infrastructure Capital, Inc. Financial Services	Added	202,025	+19,573	$5,426,391	+1.7%	1.29%
PHM	Pultegroup Inc/Mi/ Consumer Cyclical	Added	49,623	+8,197	$5,233,241	+22.9%	1.25%
AROC	Archrock, Inc. Energy	Reduced	209,698	-6,292	$5,206,801	−8.1%	1.24%
PAGP	Plains Gp Holdings LP Energy	Reduced	240,041	-22,946	$4,663,996	−17.0%	1.11%
EA	Electronic Arts Inc. Communication Services	Added	28,287	+1,029	$4,517,433	+14.7%	1.07%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Added	48,771	+45,592	$4,395,730	+1347.8%	1.05%
BJ	BJ's Wholesale Club Holdings, Inc. Consumer Defensive	Reduced	40,119	-19,701	$4,326,031	−36.6%	1.03%
GLP	Global Partners LP Energy	Added	79,794	+1,181	$4,207,537	+0.3%	1.00%
V	Visa Inc. Financial Services	Added	11,660	+199	$4,139,883	+3.1%	0.99%
RJF	Raymond James Financial Inc Financial Services	Added	26,801	+227	$4,110,469	+11.4%	0.98%
SUN	Sunoco LP Energy	Added	76,009	+1,431	$4,073,322	−5.9%	0.97%
MDY	Spdr S&P Midcap 400 ETF Trust	Added	7,083	+122	$4,012,377	+8.0%	0.95%
DKNG	DraftKings Inc. Consumer Cyclical	Reduced	91,317	-1,213	$3,916,586	+27.5%	0.93%
MA	Mastercard Inc Financial Services	Added	6,871	+110	$3,861,089	+4.2%	0.92%
CDNS	Cadence Design Systems Inc Technology	Reduced	12,518	-119	$3,857,421	+20.0%	0.92%
DHR	Danaher Corp /De/ Healthcare	Reduced	19,315	-240	$3,815,485	−4.8%	0.91%
WM	Waste Management Inc Industrials	Added	16,617	+260	$3,802,301	+0.4%	0.90%
NOC	Northrop Grumman Corp /De/ Industrials	Reduced	7,196	-71	$3,597,856	−3.3%	0.86%