Novak & Powell Financial Services, Inc. Q4 2025 Filing

Filed February 10, 2026

Portfolio Value

$191.7B

Holdings

163

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (163 positions)

#	Stock	Shares	Value	% Portfolio
1	VUGVANGUARD GROWTH ETF	26,145	$12.8B	6.65%
2	AAPLAPPLE INCORPORATED	39,873	$10.8B	5.65%
3	NDQINVESCO QQQ TR	16,448	$10.1B	5.27%
4	VVVANGUARD LARGE-CAP ETF	28,641	$9.0B	4.70%
5	SPYSPDR S&P 500 ETF	10,197	$7.0B	3.63%
6	MSFTMICROSOFT CORPORATION	11,648	$5.6B	2.94%
7	VTVVANGUARD VALUE ETF	27,000	$5.2B	2.69%
8	VTVANGUARD TOTAL WORLD STOCK ETF	34,607	$4.9B	2.55%
9	VIGVANGUARD DIVIDEND APPRECIATION ETF	18,887	$4.2B	2.16%
10	BRK/BBERKSHIRE HATHAWAY INCORPORATED DEL CLASS B NEW	7,779	$3.9B	2.04%
11	DONSPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST	7,923	$3.8B	1.99%
12	VTIVANGUARD TOTAL STOCK MARKET ETF	10,886	$3.6B	1.90%
13	NVDANVIDIA CORPORATION	17,793	$3.3B	1.73%
14	IAU*ISHARES GOLD TR ISHARES NEW	38,024	$3.1B	1.61%
15	FDNFIRST TRUST DOW JONES INTERNET INDEX FUND	11,323	$3.0B	1.59%
16	IJTISHARES TR S&P SML 600 GWT	22,015	$2.8B	1.48%
17	IJHISHARES TR CORE S&P MCP ETF	42,168	$2.8B	1.45%
18	VCSHVANGUARD SHORT-TERM CORPORATE BOND ETF	34,759	$2.8B	1.45%
19	NDQINVSC QQQ TRUST SRS 1 ETF	4,181	$2.6B	1.34%
20	QTECFIRST TRUST NASDAQ-100 TECHNOLOGY INDEX FUND	10,867	$2.5B	1.30%
21	IJRISHARES TR CORE S&P SCP ETF	20,370	$2.4B	1.28%
22	JNJJOHNSON & JOHNSON	10,361	$2.1B	1.12%
23	VFHVANGUARD FINANCIALS ETF	14,329	$1.9B	1.00%
24	VHTVANGUARD HEALTH CARE ETF	6,365	$1.8B	0.96%
25	IJJISHARES TR S&P MC 400VL ETF	13,121	$1.7B	0.90%
26	FXLFIRST TRUST TECHNOLOGY ALPHADEX FUND	10,092	$1.7B	0.89%
27	VWOVANGUARD FTSE EMERGING MARKETS ETF	31,286	$1.7B	0.88%
28	VCITVANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF	19,528	$1.6B	0.85%
29	IJKISHARES TR S&P MC 400GR ETF	16,242	$1.6B	0.82%
30	VNQVANGUARD REAL ESTATE ETF	17,385	$1.5B	0.80%
31	BSVVANGUARD SHORT-TERM BOND ETF	19,417	$1.5B	0.80%
32	VOTVANGUARD MID-CAP GROWTH ETF	5,437	$1.5B	0.79%
33	JPMJPMORGAN CHASE & COMPANY.	4,637	$1.5B	0.78%
34	VEUVANGUARD FTSE ALL-WORLD EX-US ETF	19,560	$1.4B	0.75%
35	IBBISHARES TR ISHARES BIOTECH	8,299	$1.4B	0.73%
36	EPDENTERPRISE PRODUCTS PARTNERS L P	41,496	$1.3B	0.69%
37	BABOEING COMPANY	6,113	$1.3B	0.69%
38	PGPROCTER AND GAMBLE COMPANY	8,905	$1.3B	0.67%
39	IYY*ISHARES TR DOW JONES US ETF	7,332	$1.2B	0.63%
40	VOEVANGUARD MID-CAP VALUE ETF	6,720	$1.2B	0.62%
41	AMZNAMAZON COM INCORPORATED	4,997	$1.2B	0.60%
42	VPUVANGUARD UTILITIES ETF	5,954	$1.1B	0.57%
43	BNDVANGUARD TOTAL BOND MARKET ETF	14,360	$1.1B	0.55%
44	VGKVANGUARD FTSE EUROPE ETF	12,661	$1.1B	0.55%
45	QCOMQUALCOMM INCORPORATED	5,730	$980.0M	0.51%
46	VBVANGUARD SMALL CAP GROWTH ETF	3,081	$930.0M	0.49%
47	AMGNAMGEN INCORPORATED	2,839	$929.0M	0.48%
48	DWXSPDR S&P INTERNATIONAL DIVIDEND ETF	19,905	$874.0M	0.46%
49	EFXEQUIFAX INCORPORATED	3,953	$857.0M	0.45%
50	FAIFIRST TRUST DORSEY WRIGHT FOCUS 5 ETF	13,102	$824.0M	0.43%
51	ECLECOLAB INCORPORATED	3,142	$824.0M	0.43%
52	IVEISHARES TR S&P 500 VAL ETF	3,778	$801.0M	0.42%
53	IJSISHARES TR SP SMCP600VL ETF	6,922	$787.0M	0.41%
54	BRK-BBERKSHIRE HATHAWAY INCORPORATED DEL CLASS A	1	$754.0M	0.39%
55	TSLATESLA INCORPORATED	1,649	$741.0M	0.39%
56	XOMEXXON MOBIL CORPORATION	6,140	$738.0M	0.38%
57	AMLPALERIAN MLP ETF	15,632	$734.0M	0.38%
58	MMM3M COMPANY	4,471	$715.0M	0.37%
59	VXUSVANGUARD TOTAL INTERNATIONAL STOCK ETF	9,348	$705.0M	0.37%
60	VBRVANGUARD SMALL-CAP VALUE ETF	3,322	$703.0M	0.37%
61	PNCPNC FINL SVCS GROUP INCORPORATED	3,364	$702.0M	0.37%
62	4I1PHILIP MORRIS INTERNATIONAL INCORPORATED	4,206	$674.0M	0.35%
63	WMTWALMART INCORPORATED	5,934	$661.0M	0.34%
64	SCCOSOUTHERN COPPER CORPORATION	4,552	$653.0M	0.34%
65	SBACSBA COMMUNICATIONS CORPORATION NEW CLASS A REIT	3,359	$649.0M	0.34%
66	IGVISHARES TR EXPANDED TECH	6,125	$647.0M	0.34%
67	MCDMCDONALDS CORPORATION	2,076	$634.0M	0.33%
68	VAWVANGUARD MATERIALS ETF	2,977	$617.0M	0.32%
69	BIPBROOKFIELD INFRAST PARTNERS LP LP INT UNIT (BERMUDA)	17,450	$606.0M	0.32%
70	VOVANGUARD MID-CAP ETF	2,078	$603.0M	0.31%
71	JNKSTATE STREET SPDR BLOOMBERG HIGH YIELD BOND ETF	6,049	$588.0M	0.31%
72	DNPDNP SELECT INCOME FD INCORPORATED	58,773	$587.0M	0.31%
73	IVVISHARES TR CORE S&P500 ETF	850	$581.0M	0.30%
74	DISDISNEY WALT COMPANY	5,035	$572.0M	0.30%
75	EEMISHARES TR MSCI EMG MKT ETF	9,329	$565.0M	0.29%
76	ORCLORACLE CORPORATION	2,892	$563.0M	0.29%
77	STBAS & T BANCORP INCORPORATED	13,819	$543.0M	0.28%
78	DUKDUKE ENERGY CORPORATION NEW COM NEW	4,588	$537.0M	0.28%
79	UNHUNITEDHEALTH GROUP INCORPORATED	1,621	$535.0M	0.28%
80	CITCINTAS CORPORATION	2,803	$527.0M	0.27%
81	FXHFIRST TRUST HEALTH CARE ALPHADEX FUND	4,551	$518.0M	0.27%
82	SOSOUTHERN COMPANY	5,925	$516.0M	0.27%
83	EVRGEVERGY INCORPORATED	7,102	$514.0M	0.27%
84	MRKMERCK & COMPANY INCORPORATED	4,874	$513.0M	0.27%
85	VGSHVANGUARD SHORT-TERM TREASURY ETF	8,600	$505.0M	0.26%
86	RJFRAYMOND JAMES FINL INCORPORATED	3,073	$493.0M	0.26%
87	VBVANGUARD SMALL-CAP ETF	1,904	$491.0M	0.26%
88	FTCSFIRST TRUST CAPITAL STRENGTH ETF	5,054	$467.0M	0.24%
89	IGLDFT VEST GOLD TARGET INCOME ETF	18,600	$465.0M	0.24%
90	SPYINEOS S&P 500 HIGH INCOME ETF	8,864	$465.0M	0.24%
91	NEENEXTERA ENERGY INCORPORATED	5,670	$455.0M	0.24%
92	VYMVANGUARD HIGH DIVIDEND YIELD ETF	3,068	$440.0M	0.23%
93	EAELECTRONIC ARTS INCORPORATED	2,057	$420.0M	0.22%
94	IBBISHARES BIOTECHNOLOGY ETF	2,484	$419.0M	0.22%
95	AMATAPPLIED MATLS INCORPORATED	1,627	$418.0M	0.22%
96	GEGE AEROSPACE COM NEW	1,328	$409.0M	0.21%
97	MARMARRIOTT INTERNATIONAL INCORPORATED NEW CLASS A	1,304	$404.0M	0.21%
98	GQ9SPDR GOLD SHARES	987	$391.0M	0.20%
99	VIGIVANGUARD INTERNATIONAL DIVIDEND APPRECIATION ETF	4,252	$388.0M	0.20%
100	BACBANK AMERICA CORPORATION	7,038	$387.0M	0.20%

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