CIK: 0001818386
Total reported value
$154.2M
Reporting period: 2026-03-31 · Number of holdings: 38
NDWM LLC disclosed 38 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $154.2M and a quarterly turnover rate of 48.8%.
Browse other institutions with $100M to $1B AUMBrowse other institutions starting with "N"
Ndwm LLC's disclosed holdings carry a Herfindahl concentration index of 0.109 — mathematically equivalent to about 9 equally-sized positions, well below its 38 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.76), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 5% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim SPY
-74.8% -$22.8M
Add RSP
+196.4% $8.8M
Add AGG
+269.9% $8.6M
Trim IVV
-4.7% -$4.2M
Add SLQD
+258.6% $4.7M
Trim BIL
-43.5% -$3.3M
Showing top 37 holdings (of 38 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 27.48% | -3.36% | -4.70% | |
| 2 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 8.64% | +5.67% | +196.38% | |
| 3 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 7.67% | +5.54% | +269.92% | |
| 4 | BILS | Ss Spdrb B 3-12m T-bill ETF | ETF-Other | 7.23% | -1.95% | -19.85% | |
| 5 | GLD | Spdr Gold Shares | ETF-Commodities | 6.03% | +0.69% | +6.09% | |
| 6 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 4.69% | -15.21% | -74.79% | |
| 7 | SLQD | Ishares 0-5 Yr Inv Grd CORP | ETF-Other | 4.21% | +3.01% | +258.57% | |
| 8 | CMF | Ishares California Muni Bond | ETF-Other | 3.34% | +0.27% | +12.17% | |
| 9 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 2.80% | -2.25% | -43.54% | |
| 10 | CALI | Ishrs Sh-trm Ca Muni Act ETF | ETF-Other | 2.74% | +0.57% | +28.87% | |
| 11 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 2.70% | +0.62% | +27.27% | |
| 12 | VTEC | Vanguard Ca Tax-ex Bond | ETF-Other | 2.69% | +0.36% | +18.97% | |
| 13 | ACWX | Ishares Msci Acwi Ex US ETF | ETF-Other | 2.68% | +2.68% | NEW | |
| 14 | VLUE | Ishares Msci USA Value Facto | ETF-Other | 2.33% | +2.33% | NEW | |
| 15 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 2.33% | +2.33% | NEW | |
| 16 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.54% | -0.26% | -8.03% | |
| 17 | MUB | Ishares National Muni Bond E | ETF-Other | 1.37% | +0.10% | +11.60% | |
| 18 | SUB | Ishares Short-term National | ETF-Other | 1.36% | +0.02% | +3.62% | |
| 19 | XLK | Ss Technology Select Sector | ETF-Tech | 1.25% | -0.17% | -3.20% | |
| 20 | SHY | Ishares 1-3 Year Treasury Bo | ETF-Gov Bonds | 0.81% | -0.06% | -4.56% | |
| 21 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.77% | -0.10% | -4.19% | |
| 22 | TSLA | Tesla INC | Stock-Consumer Disc | 0.76% | -0.20% | -2.33% | |
| 23 | SHYG | Ishares 0-5 Yr Hy CORP Bond | ETF-Corp Bonds | 0.70% | -0.01% | +2.87% | |
| 24 | NOW | Servicenow INC | Stock-Tech | 0.69% | -0.51% | -13.96% | |
| 25 | AAPL | Apple INC | Stock-Tech | 0.58% | -0.07% | -0.88% | |
| 26 | SPYD | Ss Spdr P S&p 500 Hi Div ETF | ETF-Large Cap & Growth | 0.46% | +0.11% | +29.37% | |
| 27 | NTSX | Wisdomtree US Efficient Core | ETF-Other | 0.40% | -0.05% | -2.93% | |
| 28 | IEI | Ishares 3-7 Year Treasury Bo | ETF-Gov Bonds | 0.29% | -0.01% | +0.19% | |
| 29 | D | Dominion Energy INC | Stock-Utilities | 0.22% | +0.01% | — | |
| 30 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.18% | — | +16.47% | |
| 31 | CAT | Caterpillar INC | Stock-Industrials | 0.18% | +0.03% | — | |
| 32 | MSFT | Microsoft CORP | Stock-Tech | 0.17% | -0.10% | -13.21% | |
| 33 | BA | Boeing Co/the | Stock-Industrials | 0.16% | -0.02% | — | |
| 34 | XLE | Ss Energy Select Sector | ETF-Other | 0.15% | +0.15% | NEW | |
| 35 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.14% | -0.05% | -15.93% | |
| 36 | PHYS | Sprott Physical Gold Trust | Stock-Other | 0.13% | +0.13% | NEW | |
| 37 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.13% | -0.13% | -39.49% |
Performance for Q3 2026
+1.6%
Performance Last 4 Quarters
+13%
Based on 68% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 38 | $154.2M | 49 | |
| 2025-12-31 | 34 | $151.1M | 8 | |
| 2025-09-30 | 34 | $147.4M | 47 | |
| 2025-06-30 | 31 | $136.6M | 0 | |
| 2025-03-31 | 33 | $102.3M | 0 | |
| 2024-12-31 | 31 | $119.6M | 0 | |
| 2024-09-30 | 32 | $121.3M | 0 | |
| 2024-06-30 | 33 | $112.8M | 0 | |
| 2024-03-31 | 32 | $109.8M | 0 | |
| 2023-12-31 | 29 | $103.9M | 0 |
Ndwm LLC's most significant position changes for 2026-03-31: New buy: Ishares Msci Acwi Ex US ETF (ACWX); New buy: Ishares Msci USA Value Facto (VLUE); New buy: Ishares Russell 2000 ETF (IWM); New buy: Ss Energy Select Sector (XLE); Sold out: Ishares Ustechnology ETF (IYW).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | RSP | Invesco S&p 500 Equal Weight | +5.7% | +196.38% | Add |
| 2 | AGG | Ishares Core U.s. Aggregate | +5.5% | +269.92% | Add |
| 3 | SLQD | Ishares 0-5 Yr Inv Grd CORP | +3% | +258.57% | Add |
| 4 | GLD | Spdr Gold Shares | +0.7% | +6.09% | Add |
| 5 | EEM | Ishares Msci Emerging Market | +0.6% | +27.27% | Add |
| 6 | CALI | Ishrs Sh-trm Ca Muni Act ETF | +0.6% | +28.87% | Add |
| 7 | VTEC | Vanguard Ca Tax-ex Bond | +0.4% | +18.97% | Add |
| 8 | CMF | Ishares California Muni Bond | +0.3% | +12.17% | Add |
| 9 | SPYD | Ss Spdr P S&p 500 Hi Div ETF | +0.1% | +29.37% | Add |
| 10 | MUB | Ishares National Muni Bond E | +0.1% | +11.60% | Add |
| 11 | CAT | Caterpillar INC | 0% | — | Unchanged |
| 12 | SUB | Ishares Short-term National | 0% | +3.62% | Add |
| 13 | D | Dominion Energy INC | 0% | — | Unchanged |
| 14 | GOOGL | Alphabet Inc-cl A | — | +16.47% | Add |
| 15 | SHYG | Ishares 0-5 Yr Hy CORP Bond | 0% | +2.87% | Add |
| 16 | IEI | Ishares 3-7 Year Treasury Bo | 0% | +0.19% | Add |
| 17 | BA | Boeing Co/the | 0% | — | Unchanged |
| 18 | LLY | Eli Lilly & Co | -0.1% | -15.93% | Trim |
| 19 | NTSX | Wisdomtree US Efficient Core | -0.1% | -2.93% | Trim |
| 20 | SHY | Ishares 1-3 Year Treasury Bo | -0.1% | -4.56% | Trim |
| 21 | AAPL | Apple INC | -0.1% | -0.88% | Trim |
| 22 | MSFT | Microsoft CORP | -0.1% | -13.21% | Trim |
| 23 | QQQ | Invesco Qqq Trust Series 1 | -0.1% | -4.19% | Trim |
| 24 | META | Meta Platforms Inc-class A | -0.1% | -39.49% | Trim |
| 25 | XLK | Ss Technology Select Sector | -0.2% | -3.20% | Trim |
| 26 | TSLA | Tesla INC | -0.2% | -2.33% | Trim |
| 27 | BRK-B | Berkshire Hathaway Inc-cl B | -0.3% | -8.03% | Trim |
| 28 | NOW | Servicenow INC | -0.5% | -13.96% | Trim |
| 29 | BILS | Ss Spdrb B 3-12m T-bill ETF | -2% | -19.85% | Trim |
| 30 | BIL | Ss Spdr Bb 1-3m T-bill ETF | -2.3% | -43.54% | Trim |
| 31 | IVV | Ishares Core S&p 500 ETF | -3.4% | -4.70% | Trim |
| 32 | SPY | Ss Spdr S&p 500 ETF Trust-us | -15.2% | -74.79% | Trim |
| 33 | ACWX | Ishares Msci Acwi Ex US ETF | — | NEW | New buy |
| 34 | VLUE | Ishares Msci USA Value Facto | — | NEW | New buy |
| 35 | IWM | Ishares Russell 2000 ETF | — | NEW | New buy |
| 36 | XLE | Ss Energy Select Sector | — | NEW | New buy |
| 37 | IYW | Ishares Ustechnology ETF | — | EXIT | Sold out |
| 38 | PHYS | Sprott Physical Gold Trust | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-27 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-05 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-13 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-31 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-02 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-05 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-22 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-01 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-19 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-12 | 13F-HR | View on EDGAR |
Institutions with a similar AUM
CIK 0002080427
Total reported value
$154.2M
55 stks
2026-03-31
AUM within 0.0% of this institution
CIK 0001785199
Total reported value
$154.2M
137 stks
2025-09-30
Stale — no recent filing
AUM within 0.0% of this institution
CIK 0002108842
Total reported value
$154.3M
163 stks
2026-03-31
AUM within 0.1% of this institution
Institutions with overlapping top holdings
CIK 0002022456
Total reported value
$218.2M
67 stks
2026-03-31
4 of the top 5 holdings overlap, including Ishares Core U.s. Aggregate
CIK 0001845838
Total reported value
$160.3M
46 stks
2026-06-30
3 of the top 5 holdings overlap, including Ishares Core S&p 500 ETF
CIK 0002012673
Total reported value
$164.8M
84 stks
2026-03-31
3 of the top 5 holdings overlap, including Spdr Gold Shares