NBC SECURITIES INC
Q3 2025 Form 13-F
BIRMINGHAM, ALABAMA
CIK 0000791540
· CRD 17870
· SEC-registered investment adviser
$1.3B Reported Value Total
LANARK FINANCIAL, INC. reports 4,545 total accounts under management (AUM). There are 3,046 discretionary accounts valued at $955,616,510, and 1,499 non-discretionary accounts valued at $759,760,357.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Source: Form ADV filed 2026-09-25
Reported value
$1.3B
Quarter over quarter
+6.5%
Holdings
2,669
Top-10 concentration
16.9%
Key People
Form ADV owners & control persons
Peyton Davis Falkenburg
SHAREHOLDER
Frank Benner Falkenburg
SHAREHOLDER
Pamela Sue Conway
VICE PRESIDENT, OPERATIONS
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13F Metrics
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Q3 2025 13F record
Q3 2025 13F filing summary
| Period of report | September 30, 2025 |
|---|---|
| Filed | November 14, 2025 |
| Form | 13F-HR |
| Reported value | $1.3B |
| Positions | 2,669 |
| Change in reported value | +6.1% |
| New positions | 445 |
| Exited positions | 125 |
| Position turnover | 20.4% |
| Top-10 concentration | 16.9% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Oct 26, 2026
|
2,476 | $1.5B |
|
Q2 2026 13F
Filed Jul 21, 2026
|
2,418 | $1.5B |
|
Q1 2026 13F
Filed Apr 14, 2026
|
2,541 | $1.3B |
|
Q4 2025 13F
Filed Jan 29, 2026
|
2,680 | $1.3B |
|
Q3 2025 13F
Filed Nov 14, 2025
|
2,669 | $1.3B |
|
Q2 2025 13F
Filed Jul 8, 2025
|
2,349 | $1.2B |
|
Q1 2025 13F
Filed Apr 9, 2025
|
2,064 | $1.2B |
|
Q4 2024 13F
Filed Jan 22, 2025
|
1,239 | $1.1B |
|
Q3 2024 13F
Filed Oct 15, 2024
|
2,051 | $1.2B |
|
Q2 2024 13F
Filed Jul 10, 2024
|
2,019 | $1.1B |
|
Q1 2024 13F
Filed Apr 5, 2024
|
2,028 | $1.1B |
|
Q4 2023 13F
Filed Feb 7, 2024
|
2,044 | $991.9M |
|
Q3 2023 13F
Filed Nov 3, 2023
|
2,046 | $910.4M |
Top 20 holdings · Q3 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | AAPL APPLE INC | $36.4M | 2.8% |
| 2 | SPY SPDR S&P 500 ETF TRUST | $32.7M | 2.52% |
| 3 | MSFT MICROSOFT CORP | $30.9M | 2.38% |
| 4 | SPYM SPDR SERIES TRUST | $23.7M | 1.82% |
| 5 | NVDA NVIDIA CORP | $19.8M | 1.52% |
| 6 | AMZN AMAZON.COM INC | $17.0M | 1.31% |
| 7 | AVGO BROADCOM INC | $16.9M | 1.3% |
| 8 | VOO VANGUARD S&P 500 ETF | $16.0M | 1.23% |
| 9 | GOOGL ALPHABET INC | $13.8M | 1.06% |
| 10 | JPM JPMORGAN CHASE & CO | $12.6M | 0.97% |
| 11 | IVV ISHARES CORE S&P 500 ETF | $12.6M | 0.97% |
| 12 | QQQ INVESCO QQQ TR | $10.8M | 0.83% |
| 13 | VEA VANGUARD FTSE DEVELOPED | $10.3M | 0.79% |
| 14 | V VISA INC | $9.5M | 0.73% |
| 15 | WMT WALMART INC | $9.4M | 0.72% |
| 16 | NEE NEXTERA ENERGY INC | $8.8M | 0.67% |
| 17 | VTI VANGUARD INDEX FUNDS | $8.2M | 0.63% |
| 18 | TMUS T MOBILE US INC | $8.1M | 0.62% |
| 19 | SPDW SPDR INDEX SHARES FUNDS | $8.0M | 0.62% |
| 20 | PG PROCTER & GAMBLE CO | $7.1M | 0.54% |
Values as reported on the Q3 2025 Form 13F. Every position is in the holdings table below.