NBW CAPITAL LLC

CIK

1512901

Location

BOSTON, MA

Portfolio Value

Small $459,961,764

Diversification

Diversified

Filing Date

Global Rank

#3,484 / 8,137 ▼ 98 · as of Jun 2025

Top Industry

Oil & Gas Midstream 23.0%

Period ended 1 year ago

Filed Aug 13, 2025 · 1y

22 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2025, never from the firm's own description.

Style

Diversified active

Top 10 weight 35.1%, 45.6 effective positions, active share 75.6% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

21.9% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 16.1 quarters (12+), a floor since 53.4% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 75.6%; sector active share 21.8% against the combined 13F book's sector weights.

Over time 22 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

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

Top Position

6.0%

−0.1 pts

Top 5

20.8%

+0.5 pts

Top 10

35.1%

−0.6 pts

HHI

219

Diversified−1

Portfolio Trend

22 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2025

Sector	% Portfolio	Value	Positions
Energy	23.0%	$105,816,324	15
Technology	20.4%	$93,610,260	16
Financial Services	15.4%	$70,752,787	13
Unclassified	9.4%	$43,265,269	16
Healthcare	8.6%	$39,715,073	14
Consumer Cyclical	8.4%	$38,551,387	8
Industrials	7.3%	$33,383,686	9
Communication Services	4.7%	$21,522,753	3
Real Estate	1.3%	$6,150,923	3
Consumer Defensive	1.3%	$6,065,837	8
Utilities	0.2%	$911,125	4
Basic Materials	0.0%	$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	+8,197	49,623	$5,233,241
AMT	American Tower Corp	+6,842	25,721	$5,684,855
ET	Energy Transfer LP	+5,319	860,092	$15,593,468
GOOGL	Alphabet Inc.	+4,499	95,286	$16,792,251
INDA	iShares MSCI India ETF	+3,173	68,771	$3,829,169
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
IWM	iShares Russell 2000 ETF	+1,547	5,759	$1,242,734
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
—		+1,029	28,287	$4,517,433
OKE	Oneok Inc	+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	+293	15,939	$7,096,042
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
AMJB		−11,165	524,155	$15,860,930
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
SPYG	State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF	−1,488	5,507	$524,927
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
—		−975	33,703	$4,320,051
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	−735	79,332	$6,356,079
EIDO	iShares MSCI Indonesia ETF	−519	85,736	$1,511,525
IWO	iShares Russell 2000 Growth ETF	−443	21,882	$6,255,188
GLD	Spdr Gold Trust	−385	2,559	$780,059
MCD	Mcdonalds Corp	−353	42,053	$12,286,625
—		−339	39,921	$6,572,993
No positions match the current search.

New Positions

Positions the filer opened this quarter

19 positions

Ticker	Company	Shares	Value
—		66,353	$3,525,998
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	1,192	$362,284
RSP	Victory Portfolios II	1,926	$350,031
AMLP	Alerian MLP ETF	6,400	$312,704
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
CMCSA	Comcast Corp	5,970	$213,069
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
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
MAS	Masco Corp	67,701	$4,707,927
NGL	NGL Energy Partners LP	520,259	$2,361,975
—		44,791	$1,562,758
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

110 tracked positions · $459,961,764 total · filing declares 111 positions · $463,554,136 · 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 110 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
MSFT	Microsoft Corp Technology	Reduced	36,735	-295	$18,272,356	+31.4%	22+	before history	3.97%
LNG	Cheniere Energy, Inc. Energy	Reduced	72,858	-4,295	$17,742,380	−0.6%	22+	before history	3.86%
GOOGL	Alphabet Inc. Communication Services	Added	95,286	+4,499	$16,792,251	+19.6%	22+	before history	3.65%
AMJB	Financial Services	Reduced	524,155	-11,165	$15,860,930	−8.8%	5	$28.48	3.45%
ET	Energy Transfer LP Energy	Added	860,092	+5,319	$15,593,468	−1.9%	22+	before history	3.39%
AAPL	Apple Inc. Technology	Reduced	68,186	-196	$13,989,721	−7.9%	22+	before history	3.04%
EPD	Enterprise Products Partners L.P. Energy	Added	432,097	+11,225	$13,399,327	−6.7%	14	$27.42	2.91%
MPLX	Mplx LP Energy	Reduced	249,837	-8,597	$12,869,103	−7.0%	22+	before history	2.80%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	42,053	-353	$12,286,625	−7.2%	22+	before history	2.67%
WES	Western Midstream Partners, LP Energy	Reduced	311,118	-1,078	$12,040,266	−5.8%	22+	before history	2.62%
JPM	Jpmorgan Chase & Co Financial Services	Added	39,883	+220	$11,562,480	+18.8%	12	$139.81	2.51%
PAA	Plains All American Pipeline LP Energy	Reduced	624,089	-31,512	$11,433,310	−12.8%	10	$13.73	2.49%
SPY	Spdr S&P 500 ETF Trust	Reduced	17,987	-322	$11,113,267	+8.5%	22+	before history	2.42%
PLMR	Palomar Holdings, Inc. Financial Services	Reduced	68,657	-1,124	$10,590,342	+10.7%	22+	before history	2.30%
PANW	Palo Alto Networks Inc Technology	Added	42,776	+382	$8,753,680	+21.0%	17	unpriced	1.90%
ADI	Analog Devices Inc Technology	Reduced	36,050	-321	$8,580,621	+17.0%	22+	before history	1.87%
AVGO	Broadcom Inc. Technology	Added	30,781	+217	$8,484,782	+65.8%	3	$185.18	1.84%
PATK	Patrick Industries Inc Consumer Cyclical	Reduced	82,167	-804	$7,581,549	+8.1%	22+	before history	1.65%
TYL	Tyler Technologies Inc Technology	Added	12,539	+1,505	$7,433,620	+15.9%	8	$418.41	1.62%
ROP	Roper Technologies Inc Technology	Added	12,745	+135	$7,224,375	−2.8%	22+	before history	1.57%
MRVL	Marvell Technology, Inc. Technology	Reduced	92,290	-761	$7,143,246	+24.7%	5	$70.04	1.55%
VRTX	Vertex Pharmaceuticals Inc Healthcare	Added	15,939	+293	$7,096,042	−6.5%	11	$340.32	1.54%
ITW	Illinois Tool Works Inc Industrials	Reduced	27,692	-163	$6,846,847	−0.9%	22+	before history	1.49%
		Reduced	39,921	-339	$6,572,993	+13.1%	16	unpriced	1.43%
WFC	Wells Fargo & Company Financial Services	Reduced	79,332	-735	$6,356,079	+10.6%	14	$47.42	1.38%
ATI	Ati Inc Industrials	Reduced	73,557	-826	$6,350,911	+64.1%	13	$38.68	1.38%
PGR	Progressive Corp Financial Services	Added	23,574	+9	$6,290,957	−5.7%	2	$261.56	1.37%
IWO	iShares Russell 2000 Growth ETF	Reduced	21,882	-443	$6,255,188	+9.6%	9	unpriced	1.36%
BSX	Boston Scientific Corp Healthcare	Added	53,896	+1,696	$5,788,969	+9.9%	22+	before history	1.26%
AMT	American Tower Corp Real Estate	Added	25,721	+6,842	$5,684,855	+38.4%	22+	before history	1.24%
ABBV	AbbVie Inc. Healthcare	Added	30,614	+268	$5,682,570	−10.6%	12	$164.66	1.24%
HQY	Healthequity, Inc. Healthcare	Added	53,514	+1,528	$5,606,126	+22.0%	22+	before history	1.22%
STE	STERIS plc Healthcare	Added	23,254	+1,687	$5,586,075	+14.3%	22+	before history	1.21%
DSGX	Descartes Systems Group Inc Technology	Added	54,898	+400	$5,580,381	+1.6%	22+	before history	1.21%
HASI	HA Sustainable Infrastructure Capital, Inc. Financial Services	Added	202,025	+19,573	$5,426,391	+1.7%	22+	before history	1.18%
PHM	Pultegroup Inc Consumer Cyclical	Added	49,623	+8,197	$5,233,241	+22.9%	18	$55.87	1.14%
AROC	Archrock, Inc. Energy	Reduced	209,698	-6,292	$5,206,801	−8.1%	9	$11.16	1.13%
		Added	11,471	+90	$4,667,320	+21.3%	4	unpriced	1.01%
PAGP	Plains Gp Holdings LP Energy	Reduced	240,041	-22,946	$4,663,996	−17.0%	22+	before history	1.01%
		Added	28,287	+1,029	$4,517,433	+14.7%	22+	before history	0.98%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Added	48,771	+45,592	$4,395,730	−3.5%	7	unpriced	0.96%
BJ	BJ's Wholesale Club Holdings, Inc. Consumer Defensive	Reduced	40,119	-19,701	$4,326,031	−36.6%	22+	before history	0.94%
		Reduced	33,703	-975	$4,320,051	+40.7%	22+	before history	0.94%
GLP	Global Partners LP Energy	Added	79,794	+1,181	$4,207,537	+0.3%	3	$51.08	0.91%
V	Visa Inc. Financial Services	Added	11,660	+199	$4,139,883	+3.1%	20	$209.82	0.90%
RJF	Raymond James Financial Inc Financial Services	Added	26,801	+227	$4,110,469	+11.4%	13	$99.54	0.89%
SUN	Sunoco LP Energy	Added	76,009	+1,431	$4,073,322	−5.9%	2	$56.57	0.89%
MDY	Spdr S&P Midcap 400 ETF Trust	Added	7,083	+122	$4,012,377	+8.0%	5	$538.80	0.87%
DKNG	DraftKings Inc. Consumer Cyclical	Reduced	91,317	-1,213	$3,916,586	+27.5%	4	$36.45	0.85%
MA	Mastercard Inc Financial Services	Added	6,871	+110	$3,861,089	+4.2%	20	$341.94	0.84%

Showing the top 50 of 110 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.