Managers / Q3 2023 · view latest →
NBW CAPITAL LLC
CIK 0001512901 · 211 CONGRESS STREET SUITE 901, BOSTON, MA, 02110 · 617-482-2222
Summary
Nbw Capital LLC reported $408M in U.S.-listed holdings across 108 positions for Q3 2023.
Its largest position, GOOGL, represents 4.6% of the portfolio.
Compared with Q2 2023, the fund opened 9 new positions and exited 9.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 72.9% · $298M
- MLP · 11.7% · $48M
- ETP · 9.2% · $38M
- Unit · 3.2% · $13M
- Other · 1.5% · $6M
- Other · 1.5% · $6M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| TYLTyler Technologies, Inc. | NEW | +8.9K | 8.9K | +$3M | $3M |
| HXLHexcel Corporation | NEW | +25.0K | 25.0K | +$2M | $2M |
| PEPPepsico, Inc. | NEW | +2.1K | 2.1K | +$350,741 | $350,741 |
| FFord Motor Co. | NEW | +19.9K | 19.9K | +$247,332 | $247,332 |
| UNPUnion Pacific Corp | NEW | +1.2K | 1.2K | +$240,500 | $240,500 |
| OKEONEOK, Inc. | NEW | +3.8K | 3.8K | +$239,765 | $239,765 |
| BLKCHFBlackrock Inc. | NEW | +358 | 358 | +$231,443 | $231,443 |
| QCOMQualcomm, Inc. | NEW | +2.1K | 2.1K | +$230,005 | $230,005 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2023
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q2 2025 | $464M | 111 | Aug 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $451M | 100 | May 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $540M | 88 | Feb 6, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $530M | 106 | Nov 4, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $507M | 101 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $457M | 107 | Jan 31, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $408M | 108 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $429M | 108 | Aug 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $412M | 109 | May 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $391M | 101 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $373M | 88 | Nov 3, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $365M | 83 | Aug 1, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $421M | 88 | May 4, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $449M | 85 | Feb 3, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $415M | 86 | Nov 3, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $411M | 79 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $363M | 78 | May 5, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $329M | 77 | Feb 9, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $300M | 72 | Nov 5, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $279M | 70 | Aug 7, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $210M | 69 | May 11, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $352M | 73 | Feb 18, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $337M | 74 | Nov 4, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $363M | 74 | Aug 5, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $365M | 72 | May 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $282M | 71 | Feb 11, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.