International Business Machines Corporation
MX ˙ BMV ˙ US4592001014
SecurityMX:IBM / International Business Machines Corporation
InstitutionNovare Capital Management Llc
Latest Disclosed Ownership2,767 shares
Latest Disclosed Value $ 670,787
Novare Capital Management Llc reports 3.15% decrease in ownership of IBM / International Business Machines Corporation

On April 17, 2026 - Novare Capital Management Llc filed a 13F-HR form disclosing ownership of 2,767 shares of International Business Machines Corporation (MX:IBM) valued at $670,787 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 5, 2026 disclosing 2,857 shares of International Business Machines Corporation. This represents a change in shares of -3.15% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-17 2026-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,767 -90 -3.15 671 -20.80 0.0532
2026-02-05 2025-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,857 19 0.67 846 5.75 0.0634
2025-11-03 2025-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,838 45 1.61 801 -2.79 0.0610
2025-07-29 2025-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,793 -97 -3.36 823 14.62 0.0669
2025-04-29 2025-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,890 9 0.31 719 13.43 0.0628
2025-01-21 2024-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,881 511 21.56 633 20.80 0.0533
2024-10-11 2024-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,370 -34 -1.41 524 26.27 0.0444
2024-08-02 2024-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,404 14 0.59 416 -8.99 0.0374
2024-05-06 2024-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,390 39 1.66 456 18.75 0.0412
2024-02-08 2023-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,351 14 0.60 385 17.43 0.0391
2023-11-02 2023-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,337 15 0.65 328 5.48 0.0370
2023-07-28 2023-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,322 7 0.30 311 2.31 0.0334
2023-04-20 2023-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,315 -310 -11.81 303 -17.89 0.0345
2023-01-17 2022-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,625 -1,674 -38.94 370 -27.79 0.0436
2022-10-11 2022-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,299 2,026 89.13 511 59.19 0.0654
2022-08-03 2022-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,273 -59 -2.53 321 5.94 0.0396
2022-05-09 2022-03-31 13F International Business Machine COM 459200101 2,332 -423 -15.35 303 -17.66 0.0323
2022-02-03 2021-12-31 13F International Business Machine COM 459200101 2,755 -14,054 -83.61 368 -84.24 0.0373
2021-11-04 2021-09-30 13F International Business Machine COM 459200101 16,809 -71,718 -81.01 2,335 -82.01 0.2592
2021-08-02 2021-06-30 13F International Business Machine COM 459200101 88,527 2,851 3.33 12,977 13.66 1.4502
2021-05-11 2021-03-31 13F/A-2 International Business Machine COM 459200101 85,676 3,807 4.65 11,417 10.78 1.3740
2021-05-06 2021-03-31 13F International Business Machine COM 459200101 81,869 0 10,306 1.3422
2021-02-01 2020-12-31 13F International Business Machine COM 459200101 81,869 858 1.06 10,306 4.56 1.3422
2020-11-03 2020-09-30 13F International Business Machine COM 459200101 81,011 5,492 7.27 9,857 8.08 1.3886
2020-08-06 2020-06-30 13F International Business Machine COM 459200101 75,519 5,171 7.35 9,120 16.86 1.3640
2020-05-05 2020-03-31 13F International Business Machine COM 459200101 70,348 35,038 99.23 7,804 64.88 1.3721
2020-02-06 2019-12-31 13F International Business Machine COM 459200101 35,310 -802 -2.22 4,733 -9.86 0.6592
2019-11-12 2019-09-30 13F International Business Machine COM 459200101 36,112 2,155 6.35 5,251 12.13 0.7807
2019-08-08 2019-06-30 13F International Business Machine COM 459200101 33,957 415 1.24 4,683 -1.06 0.7138
2019-05-09 2019-03-31 13F International Business Machine COM 459200101 33,542 2,037 6.47 4,733 32.17 0.7398
2019-02-12 2018-12-31 13F International Business Machine COM 459200101 31,505 2,291 7.84 3,581 -12.49 0.6533
2018-11-09 2018-09-30 13F International Business Machine COM 459200101 29,214 -147 -0.50 4,092 -0.24 0.6527
2018-08-10 2018-06-30 13F Intl Business Machine COM 459200101 29,361 776 2.71 4,102 -6.48 0.6965
2018-05-09 2018-03-31 13F International Business Machines COM 459200101 28,585 944 3.42 4,386 3.42 0.7678
2018-02-06 2017-12-31 13F International Business Machs COM 459200101 27,641 687 2.55 4,241 8.44 0.7220
2017-11-07 2017-09-30 13F International Business Machines COM 459200101 26,954 26,954 3,911 0.6883
2016-05-11 2016-03-31 13F Intl Business Machine COM 459200101 0 0 0 0.0000
2016-02-05 2015-12-31 13F Intl Business Machine COM 459200101 0 -1,513 -100.00 0 -100.00
2015-11-12 2015-09-30 13F Intl Business Machine COM 459200101 1,513 -741 -32.87 219 -40.33 0.0603
2015-08-13 2015-06-30 13F Intl Business Machine COM 459200101 2,254 81 3.73 367 5.16 0.0905
2015-05-05 2015-03-31 13F Intl Business Machine COM 459200101 2,173 -710 -24.63 349 -24.62 0.0864
2015-02-09 2014-12-31 13F Intl Business Machine COM 459200101 2,883 -18,355 -86.43 463 -88.52 0.1151
2014-10-28 2014-09-30 13F Intl Business Machine COM 459200101 21,238 -1,580 -6.92 4,032 -2.51 0.9862
2014-08-14 2014-06-30 13F Intl Business Machine COM 459200101 22,818 -1,620 -6.63 4,136 -12.07 1.0063
2014-05-08 2014-03-31 13F Intl Business Machine COM 459200101 24,438 -1,360 -5.27 4,704 -2.79 1.2546
2014-02-10 2013-12-31 13F Intl Business Machine COM 459200101 25,798 7,360 39.92 4,839 41.74 1.3381
2013-11-25 2013-09-30 13F Intl Business Machine COM 459200101 18,438 11,910 182.44 3,414 173.56 1.0626
2013-08-01 2013-06-30 13F Intl Business Machine COM 459200101 6,528 6,528 1,248 0.4192
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.