Novak & Powell Financial Services, Inc.

RIA/Wealth

Novak & Powell Financial Services, Inc. is a RIA/Wealth based in St. Petersburg, FL led by David William Novak, reporting $333.6M in AUM as of Q3 2025 with 61% ETF concentration.

CCODavid William Novak

Portfolio Value: $190.4M
Positions: 164
Top Holding: VUG at 6.73%
Last Reported: Q3 2025

Address146 Second St N, Suite 310, St. Petersburg, FL, 33701, United States

Top Holdings

Largest long holdings in Novak & Powell Financial Services, Inc.'s portfolio (39.6% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Vanguard Growth VUG	ETF ETF	$12.8M	6.73%	+$3.0M Bought	— 26.7K shares	Q4 2023 Held for 1y 11m
2 Invesco QQQ Trust QQQ	ETF ETF	$11.9M	6.23%	+$2.6M Bought	— 19.8K shares	Q4 2023 Held for 1y 11m
3 Apple AAPL	Consumer Electronics Technology	$10.2M	5.34%	+$223.1K Bought	0.00% 39.9K shares	Q4 2023 Held for 1y 11m
4 Vanguard Large-Cap VV	ETF ETF	$9.0M	4.72%	+$163.8K Bought	— 29.2K shares	Q4 2023 Held for 1y 11m
5 Microsoft MSFT	Software - Infrastructure Technology	$7.4M	3.89%	+$1.4M Bought	0.00% 14.3K shares	Q4 2023 Held for 1y 11m
6 SPDR S&P 500 ETF Trust SPY	ETF ETF	$6.8M	3.58%	+$12.7K Bought	— 10.2K shares	Q4 2023 Held for 1y 11m
7 Vanguard Value VTV	ETF ETF	$5.1M	2.67%	+$1.4M Bought	— 27.3K shares	Q4 2023 Held for 1y 11m
8 Vanguard Total World Stock VT	ETF ETF	$4.3M	2.24%	-$689.0 Sold	— 31.0K shares	Q4 2023 Held for 1y 11m
9 Berkshire Hathaway BRK.B	Insurance - Diversified Financial Services	$4.0M	2.11%	+$1.7M Bought	0.00% 8.0K shares	Q4 2023 Held for 1y 11m
10 Vanguard Dividend Appreciation VIG	Unknown Unknown	$4.0M	2.10%	-$647.4 Sold	— 18.5K shares	Q4 2023 Held for 1y 11m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Novak & Powell Financial Services, Inc.'s latest filing

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Market Value

$190.4M

Prior: $144.3M

Q/Q Change

+31.92%

+$46.1M

Net Flows % of MV

+16.21%

Turnover Ratio

10.8%

New Purchases

12 stocks

$3.4M

Added To

82 stocks

+$30.1M

Sold Out Of

7 stocks

$905.0K

Reduced Holdings

26 stocks

-$1.7M

Increased Positions

Position	Shares Δ	Change
1 Oracle ORCL	New	0 → 2.7K +$757.1K
2 IGLD FT Vest Gold Strategy Target Income IGLD	New	0 → 14.3K +$342.3K
3 QQQI NEOS Nasdaq 100 High Income ETF QQQI	New	0 → 5.8K +$314.4K
4 iShares MSCI Emerging Markets Min Vol Factor EEMV	New	0 → 4.4K +$288.8K
5 Dimensional International Core Equity Market DFAI	New	0 → 6.5K +$237.6K

Decreased Positions

Position	Shares Δ	Change
1 Invesco Financial Preferred PGF	Sold	13.0K → 0 −$183.1K
2 BNY Mellon Strategic Municipals LEO	Sold	26.1K → 0 −$154.2K
3 abrdn Global Dynamic Dividend AGD	Sold	13.0K → 0 −$143.8K
4 MFS High Income Municipal Trust CXE	Sold	36.5K → 0 −$130.8K
5 BNY Mellon Strategic Municipal Bond Fund DSM	Sold	17.6K → 0 −$98.6K