NC

NBW Capital Portfolio holdings

AUM $451M

AUM

$451M

AUM Growth

-$88.7M (-16%)

Cap. Flow

-$68.3M

Cap. Flow % of AUM

-15.15%

Top 10 Holdings %Top 10 Hldgs %

33%

Holding

109

New

21

Increased

10

Reduced

68

Closed

9

Top Buys

1	Progressive PGR	$6.67M
2	McDonald's MCD	$5.99M
3	Sunoco SUN	$4.33M
4	Enterprise Products Partners EPD	$2.82M
5	Global Partners GLP	$1.41M

Top Sells

1	Boston Scientific BSX	$4.91M
2	Microsoft MSFT	$4.41M
3	Alphabet (Google) Class A GOOGL	$4.14M
4	Apple AAPL	$3.64M
5	Chart Industries GTLS	$3.33M

Sector Composition

1	Energy	26.26%
2	Technology	19.21%
3	Financials	11.19%
4	Healthcare	9.72%
5	Consumer Discretionary	8.26%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
101	101 Alphabet (Google) Class C GOOG $2.12T	$0	0%	0 -1,054	Closed	–
102	102 Goldman Sachs GS $188B	$0	0%	0 -364	Closed	–
103	103 Home Depot HD $365B	$0	0%	0 -632	Closed	–
104	104 Meta Platforms (Facebook) META $1.75T	$0	0%	0 -507	Closed	–
105	105 NVIDIA NVDA $3.46T	$0	0%	0 -2,287	Closed	–
106	106 Williams Companies WMB $73.9B	$0	0%	0 -79,674	Closed	–
107	SUM 107 DELISTED Summit Materials, Inc. Class A Common Stock SUM	$0	0%	0 -51,074	Closed	–
108	ENLC 108 DELISTED ENLINK MIDSTREAM, LLC ENLC	$0	0%	0 -111,856	Closed	–