NCP Inc. — Q4 2025 13F-HR

← NCP Inc.

Q4 2025 · 13F-HR

NCP Inc.holdings as filed

Filed 2026-02-17 · accession 0002023709-26-000002

$124.0M

Reported value

163

Positions

2025-12-31

Period end

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The Brief · NCP Inc. · Q4 2025

AI · grounded in 13F

NCP Inc. nearly exited its position in ARM, trimming shares by 99.94%. The fund aggressively expanded other holdings, increasing its stake in UNH by 70.38% and LLY by 45.71%. Additionally, the fund reduced its exposure to META by 48.05% while adding 137 new positions to its portfolio.

Holdings as filed

CUSIP	Ticker	Issuer	Value	% port.	Shares	Class	Voting
67066G104	NVDA	NVIDIA CORP	$23.4M	18.8%	125,206	Common	SOLE
532457108	LLY	ELI LILLY	$11.0M	8.84%	10,200	Common	NONE
69608A108	PLTR	PALANTIR TECHNOLOGIES	$7.0M	5.63%	39,259	Common	NONE
023135106	AMZN	AMAZON COM	$6.0M	4.88%	26,199	Common	SOLE
30303M102	META	META PLATFORMS	$5.6M	4.52%	8,486	Common	NONE
88160R101	TSLA	TESLA INC	$5.4M	4.39%	12,109	Common	SOLE
02079K305	GOOGL	ALPHABET INC	$4.9M	3.95%	15,657	Common	SOLE
11135F101	AVGO	BROADCOM INC	$4.9M	3.95%	14,156	Common	SOLE
037833100	AAPL	APPLE INC	$4.8M	3.88%	17,702	Common	SOLE
46090E103	QQQ	INVESCO QQQ	$4.3M	3.45%	6,964	Common	NONE
770700102	HOOD	ROBINHOOD MARKETS	$3.7M	3.02%	33,119	Common	NONE
29444U700	EQIX	EQUINIX INC	$3.3M	2.66%	4,300	Common	SOLE
22788C105	CRWD	CROWDSTRIKE HOLDINGS	$2.5M	2.02%	5,350	Common	SOLE
M2682V108	CYBR	CYBER ARK	$2.5M	1.98%	5,500	Common	SOLE
78462F103	SPY	SPDR S&P	$2.0M	1.65%	2,998	Common	NONE
060505104	BAC	BANK AMERICA	$2.0M	1.60%	36,067	Common	NONE
46654Q203	JEPQ	JPMORGAN	$1.9M	1.51%	32,164	Common	NONE
6706ER101	XBXMX	NUVEEN S&P 500	$1.8M	1.48%	124,716	Common	NONE
22160K105	COST	COSTCO WHOLESALE	$1.7M	1.37%	1,966	Common	SOLE
097023105	BA	BOEING COMPANY	$1.6M	1.32%	7,519	Common	SOLE
67079X102	NDMO	NUVEEN DYNAMIC	$1.6M	1.27%	156,777	Common	NONE
38141G104	GS	GOLDMAN SACHS	$1.3M	1.06%	1,500	Common	SOLE
72201Y101	PDI	PIMCO DYNAMIC	$1.3M	1.01%	70,936	Common	NONE
46625H100	JPM	JPMORGAN CHASE	$1.2M	1.00%	3,850	Common	SOLE
91324P102	UNH	UNITEDHEALTH GROUP	$1.2M	0.99%	3,716	Common	SOLE
78467X109	DIA	SPDR DOW	$1.2M	0.98%	2,528	Common	NONE
46120E602	ISRG	INTUITIVE SURGICAL	$1.1M	0.91%	2,000	Common	SOLE
94106L109	WM	WASTE MANAGEMENT	$887,518	0.72%	4,039	Common	SOLE
594918104	MSFT	MICROSOFT CORP	$877,911	0.71%	1,815	Common	SOLE
64110L106	NFLX	NETFLIX INC	$772,301	0.62%	8,237	Common	SOLE
36828A101	GEV	GE VERNOVA	$718,927	0.58%	1,100	Common	SOLE
874039100	TSM	TAIWAN SEMICONDUCTOR	$704,721	0.57%	2,319	Common	SOLE
369604301	GE	GE AEROSPACE	$682,442	0.55%	2,215	Common	SOLE
922908595	VBK	VANGUARD SMALL	$632,317	0.51%	2,093	Common	NONE
922042775	VEU	VANGUARD FTSE	$576,629	0.46%	7,838	Common	NONE
478160104	JNJ	JOHNSON & JOHNSON	$553,384	0.45%	2,674	Common	SOLE
910047109	UAL	UNITED AIRLINES	$486,641	0.39%	4,352	Common	SOLE
438516106	HON	HONEYWELL INTL	$425,881	0.34%	2,183	Common	SOLE
92206C664	VTWO	VANGUARD RUSSELL	$414,202	0.33%	4,162	Common	NONE
681936100	OHI	OMEGA HEALTHCARE	$412,805	0.33%	9,310	Common	NONE
81369Y605	XLF	STATE STREET	$388,230	0.31%	7,088	Common	NONE
007903107	AMD	ADVANCED MICRO	$310,746	0.25%	1,451	Common	SOLE
46654Q781	JPEF	JPMORGAN EQUITY	$310,250	0.25%	4,154	Common	NONE
81369Y506	XLE	STATE STREET	$293,178	0.24%	6,557	Common	NONE
883556102	TMO	THERMO FISHER	$289,725	0.23%	500	Common	SOLE
88579Y101	MMM	3M COMPANY	$260,163	0.21%	1,625	Common	NONE
37045V100	GM	GENERAL MOTORS	$245,120	0.20%	3,014	Common	SOLE
02079K107	GOOG	ALPHABET INC	$244,368	0.20%	778	Common	NONE
49456B101	KMI	KINDER MORGAN	$225,740	0.18%	8,211	Common	NONE
92826C839	V	VISA INC	$202,880	0.16%	578	Common	NONE
30231G102	XOM	EXXON MOBIL	$173,379	0.14%	1,440	Common	NONE
345370860	F	FORD MOTOR	$168,952	0.14%	12,877	Common	NONE
084670702	BRK/B	BERKSHIRE HATHAWAY	$165,875	0.13%	330	Common	NONE
G65163100	JOBY	JOBY AVIATION	$157,080	0.13%	11,900	Common	SOLE
459200101	IBM	INTL BUSINESS	$152,253	0.12%	514	Common	NONE
92343V104	VZ	VERIZON COMMUNICATIONS	$139,593	0.11%	3,427	Common	NONE
437076102	HD	HOME DEPOT	$119,746	0.10%	348	Common	SOLE
172967424	C	CITIGROUP INC	$114,010	0.09%	977	Common	SOLE
35671D857	FCX	FREEPORT MCMORAN	$109,557	0.09%	2,157	Common	NONE
00206R102	T	AT&T INC	$105,868	0.09%	4,262	Common	NONE
02209S103	MO	ALTRIA GROUP	$98,022	0.08%	1,700	Common	NONE
384747101	GRAL	GRAIL INC	$85,590	0.07%	1,000	Common	SOLE
G51502105	JCI	JOHNSON CONTROLS	$82,148	0.07%	686	Common	SOLE
464287655	IWM	ISHARES RUSSELL	$80,399	0.06%	326	Common	NONE
931142103	WMT	WALMART INC	$75,647	0.06%	679	Common	SOLE
254687106	DIS	WALT DISNEY	$74,562	0.06%	655	Common	NONE
67103H107	ORLY	O REILLY AUTOMOTIVE	$68,408	0.06%	750	Common	SOLE
46284V101	IRM	IRON MOUNTAIN	$66,748	0.05%	804	Common	SOLE
025816109	AXP	AMERICAN EXPRESS	$63,632	0.05%	172	Common	SOLE
166764100	CVX	CHEVRON CORP	$60,366	0.05%	396	Common	NONE
36266G107	GEHC	GE HEALTHCARE	$60,039	0.05%	732	Common	SOLE
87612E106	TGT	TARGET CORP	$58,177	0.05%	595	Common	NONE
949746101	WMT2	WELLS FARGO	$56,106	0.05%	602	Common	SOLE
040413205	ANET	ARISTA NETWORKS	$52,412	0.04%	400	Common	SOLE
892356106	TSCO	TRACTOR SUPPLY	$50,010	0.04%	1,000	Common	SOLE
235851102	DHR	DANAHER CORP	$48,532	0.04%	212	Common	SOLE
68389X105	ORCL	ORACLE CORP	$47,754	0.04%	245	Common	NONE
26856L103	ELF	E L F BEAUTY	$45,624	0.04%	600	Common	SOLE
57636Q104	MA	MASTERCARD INC	$44,529	0.04%	78	Common	NONE
79466L302	CRM	SALESFORCE INC	$43,181	0.03%	163	Common	NONE
191216100	KO	COCA COLA COMPANY	$41,597	0.03%	595	Common	NONE
595112103	MU	MICRON TECHNOLOGY INC	$37,103	0.03%	130	Common	NONE
81762P102	NOW	SERVICENOW INC	$36,766	0.03%	240	Common	NONE
09260D107	BX	BLACKSTONE INC	$36,173	0.03%	234	Common	NONE
17275R102	CSCO	CISCO SYSTEMS	$35,126	0.03%	456	Common	SOLE
747525103	QCOM	QUALCOMM INC	$34,210	0.03%	200	Common	SOLE
808513105	SCHW	SCHWAB CHARLES	$33,436	0.03%	334	Common	NONE
464287671	IUSG	ISHARES S&P	$31,908	0.03%	190	Common	SOLE
19260Q107	COIN	COINBASE GLOBAL	$31,660	0.03%	140	Common	NONE
464287663	IUSV	ISHARES CORE	$29,736	0.02%	290	Common	SOLE
742718109	PG	PROCTER & GAMBLE	$28,088	0.02%	196	Common	SOLE
126650100	CVS	CVS HEALTH	$26,806	0.02%	337	Common	NONE
83443Q103	SOLS	SOLSTICE ADVANCED	$26,476	0.02%	545	Common	SOLE
03073E105	COR	CENCORA INC	$25,670	0.02%	76	Common	SOLE
872540109	TJX	TJX COS	$23,348	0.02%	152	Common	SOLE
90353T100	UBER	UBER TECHNOLOGIES	$22,062	0.02%	270	Common	NONE
00214Q203	ARKQ	ARK AUTONOMOUS	$21,785	0.02%	190	Common	NONE
697435105	PANW	PALO ALTO	$20,998	0.02%	114	Common	NONE
46438F101	IBIT	ISHARES BITCOIN	$20,903	0.02%	421	Common	NONE
666807102	NOC	NORTHROP GRUMMAN	$20,726	0.02%	36	Common	NONE
002824100	ABT	ABBOTT LABORATORIES	$20,548	0.02%	164	Common	SOLE
92206C599	VTHR	VANGUARD RUSSELL	$20,122	0.02%	67	Common	NONE
655844108	NSC	NORFOLK SOUTHERN	$19,632	0.02%	68	Common	SOLE
22948Q101	CTO	CTO REALTY	$19,262	0.02%	1,046	Common	NONE
25746U109	D	DOMINION ENERGY	$18,398	0.01%	314	Common	SOLE
617446448	MS	MORGAN STANLEY	$18,316	0.01%	103	Common	NONE
75513E101	RTX	RTX CORP	$17,974	0.01%	98	Common	SOLE
46654Q732	JTEK	JPMORGAN U S	$17,114	0.01%	190	Common	NONE
12448X201	BYRN	BYRNA TECHNOLOGIES	$16,790	0.01%	1,000	Common	SOLE
369550108	GD	GENERAL DYNAMICS	$16,160	0.01%	48	Common	SOLE
03027X100	AMT	AMERICAN TOWER	$16,152	0.01%	92	Common	SOLE
149123101	CAT	CATERPILLAR INC	$16,040	0.01%	28	Common	SOLE
37733W204	GSK	GSK PLC	$15,692	0.01%	320	Common	SOLE
00162Q460	ACES	ALPS CLEAN	$15,139	0.01%	466	Common	NONE
682680103	OKE	ONEOK INC	$14,700	0.01%	200	Common	NONE
032654105	ADI	ANALOG DEVICES	$13,018	0.01%	48	Common	SOLE
65339F101	NEE	NEXTERA ENERGY	$12,364	0.01%	154	Common	SOLE
169656105	CMG	CHIPOTLE MEXICAN	$12,062	0.01%	326	Common	NONE
609207105	MDLZ	MONDELEZ INTERNATIONAL	$11,412	0.01%	212	Common	SOLE
92840M102	VST	VISTRA CORP	$11,293	0.01%	70	Common	NONE
48251W104	KKR	KKR & CO	$10,964	0.01%	86	Common	SOLE
291011104	EMR	EMERSON ELECTRIC	$10,884	0.01%	82	Common	SOLE
67059N108	NTNX	NUTANIX INC	$10,855	0.01%	210	Common	NONE
87918A105	TDOC	TELADOC HEALTH	$10,598	0.01%	1,514	Common	NONE
876030107	TPR	TAPESTRY INC	$10,222	0.01%	80	Common	SOLE
717081103	PFE	PFIZER INC	$9,760	0.01%	391	Common	NONE
03761U502	MFIC	MIDCAP FINANCIAL	$9,421	0.01%	823	Common	NONE
45866F104	ICE	INTERCONTINENTAL EXCH	$9,394	0.01%	58	Common	SOLE
571748102	MRSH	MARSH & MCLENNAN	$9,276	0.01%	50	Common	SOLE
83444M101	SOLV	SOLVENTUM CORP	$8,915	0.01%	112	Common	SOLE
70450Y103	PYPL	PAYPAL HOLDINGS	$8,757	0.01%	150	Common	NONE
724078100	62C	PIPER SANDLER	$8,493	0.01%	25	Common	NONE
302635206	FSK	FS KKR	$8,338	0.01%	563	Common	NONE
577081102	MAT	MATTEL INC	$7,936	0.01%	400	Common	NONE
26875P101	EOG	EOG RESOURCES	$7,770	0.01%	74	Common	SOLE
81369Y100	XLB	STATE STREET	$7,011	0.01%	154	Common	NONE
20030N101	CMCSA	COMCAST CORP	$6,921	0.01%	231	Common	NONE
110122108	BMY	BRISTOL MYERS	$6,472	0.01%	120	Common	SOLE
09260E105	BMEZ	BLACKROCK HEALTH	$5,948	0.00%	395	Common	NONE
02376R102	AAL	AMERICAN AIRLINES	$5,549	0.00%	362	Common	NONE
446150104	HBAN	HUNTINGTON BANCSHARES	$5,205	0.00%	300	Common	NONE
580135101	MCD	MCDONALDS CORP	$4,890	0.00%	16	Common	SOLE
81369Y209	XLV	STATE STREET	$4,489	0.00%	29	Common	SOLE
256163106	DOCU	DOCUSIGN INC	$4,104	0.00%	60	Common	NONE
042068205	ARM	ARM HOLDINGS	$3,935	0.00%	36	Common	NONE
31428X106	FDX	FEDEX CORP	$3,755	0.00%	13	Common	NONE
74743L100	Q	QNITY ELECTRONICS	$3,592	0.00%	44	Common	SOLE
26614N102	DD	DUPONT DE	$3,538	0.00%	88	Common	SOLE
260557103	DOW	DOW INC	$3,507	0.00%	150	Common	NONE
009066101	ABNB	AIRBNB INC	$2,579	0.00%	19	Common	NONE
654106103	NKE	NIKE INC	$1,705	0.00%	26	Common	NONE
71601V105	WOOF	PETCO HEALTH	$1,686	0.00%	600	Common	NONE
98954M200	Z	ZILLOW GROUP	$1,637	0.00%	24	Common	NONE
375558103	GILD	GILEAD SCIENCES	$1,473	0.00%	12	Common	NONE
83304A106	SNAP	SNAP INC	$1,211	0.00%	150	Common	NONE
549498202	LCID	LUCID GROUP	$1,057	0.00%	100	Common	NONE
835699307	SONY	SONY GROUP	$1,024	0.00%	40	Common	NONE
15961R303	CHPT	CHARGEPOINT HOLDINGS	$910	0.00%	137	Common	SOLE
855244109	SBUX	STARBUCKS CORP	$842	0.00%	10	Common	NONE
493267108	KEY	KEYCORP NEW	$495	0.00%	24	Common	NONE
88688T209	TLRY	TILRAY BRANDS	$126	0.00%	14	Common	NONE
81730H109	S	SENTINELONE INC	$105	0.00%	7	Common	NONE
35952H700	FCEL	FUELCELL ENERGY	$37	0.00%	5	Common	NONE

Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.