CIK: 0001990699
Total reported value
$1.0B
Reporting period: 2026-03-31 · Number of holdings: 615
NORDEN GROUP LLC disclosed 615 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.0B and a quarterly turnover rate of 31.4%.
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Norden Group LLC's disclosed holdings carry a Herfindahl concentration index of 0.013 — mathematically equivalent to about 76 equally-sized positions, well below its 615 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 2.66), 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.
Trim ADBE
-87.6% -$9.2M
Add CRM
+621.6% $9.0M
Trim WDC
-95.6% -$7.6M
Trim MEDP
-92.8% -$6.9M
Trim XLY
-96.0% -$6.7M
Add QCOM
+274.8% $6.8M
Showing top 200 holdings (of 615 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | PAAA | Pgim Aaa Clo ETF | ETF-Other | 5.95% | -0.29% | -2.67% | |
| 2 | AAPL | Apple INC | Stock-Tech | 4.72% | +0.17% | +13.42% | |
| 3 | NVDA | Nvidia CORP | Stock-Tech | 4.53% | +0.11% | +11.74% | |
| 4 | MSFT | Microsoft CORP | Stock-Tech | 2.78% | -0.63% | +8.84% | |
| 5 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.99% | -0.34% | -3.35% | |
| 6 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.85% | — | +4.29% | |
| 7 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 1.80% | +0.26% | +18.34% | |
| 8 | AVGO | Broadcom INC | Stock-Tech | 1.56% | -0.39% | -8.53% | |
| 9 | LRCX | Lam Research CORP | Stock-Tech | 1.35% | +0.30% | +4.86% | |
| 10 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.28% | — | +3.13% | |
| 11 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.18% | — | +26.56% | |
| 12 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 1.17% | +0.24% | +13.51% | |
| 13 | MO | Altria Group INC | Stock-Consumer Staples | 1.16% | +0.28% | +16.82% | |
| 14 | CRM | Salesforce INC | Stock-Tech | 1.07% | +0.86% | +621.63% | |
| 15 | QCOM | Qualcomm INC | Stock-Tech | 1.02% | +0.65% | +274.81% | |
| 16 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.00% | — | +1.29% | |
| 17 | TSLA | Tesla INC | Stock-Consumer Disc | 0.99% | -0.16% | +5.92% | |
| 18 | EXEL | Exelixis INC | Stock-Healthcare | 0.97% | +0.97% | NEW | |
| 19 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.95% | — | -0.12% | |
| 20 | ANET | Arista Networks INC | Stock-Tech | 0.94% | +0.23% | +43.87% | |
| 21 | EXPE | Expedia Group INC | Stock-Consumer Disc | 0.88% | +0.88% | NEW | |
| 22 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.83% | — | +2.75% | |
| 23 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.77% | — | -6.56% | |
| 24 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.74% | — | +4.70% | |
| 25 | PM | Philip Morris International | Stock-Consumer Staples | 0.72% | — | +0.83% | |
| 26 | CSCO | Cisco Systems INC | Stock-Tech | 0.70% | — | +2.82% | |
| 27 | NFLX | Netflix INC | Stock-Comm Services | 0.68% | — | +15.28% | |
| 28 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.67% | — | -4.15% | |
| 29 | V | Visa Inc-class A Shares | Stock-Financials | 0.66% | — | -0.93% | |
| 30 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.65% | — | -2.12% | |
| 31 | XOM | Exxon Mobil CORP | Stock-Energy | 0.64% | +0.23% | +14.37% | |
| 32 | AMLP | Alerian Mlp ETF | ETF-Other | 0.63% | +0.63% | NEW | |
| 33 | IWC | Ishares Micro-cap ETF | ETF-Other | 0.59% | — | -15.90% | |
| 34 | MA | Mastercard INC - A | Stock-Financials | 0.58% | -0.13% | -4.94% | |
| 35 | IJT | Ishares S&p Small-cap 600 Gr | ETF-Other | 0.58% | +0.58% | NEW | |
| 36 | PPA | Invesco Aerospace & Defense | ETF-Other | 0.57% | +0.57% | NEW | |
| 37 | VZ | Verizon Communications INC | Stock-Comm Services | 0.53% | — | -4.43% | |
| 38 | WFC | Wells Fargo & Co | Stock-Financials | 0.51% | — | +32.33% | |
| 39 | ORCL | Oracle CORP | Stock-Tech | 0.50% | -0.18% | -1.49% | |
| 40 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.49% | +0.11% | +14.67% | |
| 41 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.49% | — | +2.57% | |
| 42 | NET | Cloudflare INC - Class A | Stock-Tech | 0.46% | — | -3.51% | |
| 43 | JPST | Jpmorgan Ultra-short Income | ETF-Other | 0.45% | — | +4.51% | |
| 44 | AMAT | Applied Materials INC | Stock-Tech | 0.44% | +0.14% | +11.83% | |
| 45 | CVX | Chevron CORP | Stock-Energy | 0.44% | +0.14% | +10.62% | |
| 46 | WMT | Walmart INC | Stock-Consumer Staples | 0.42% | +0.20% | +73.16% | |
| 47 | GE | General Electric | Stock-Industrials | 0.42% | +0.29% | +259.93% | |
| 48 | AMD | Advanced Micro Devices | Stock-Tech | 0.42% | — | +25.98% | |
| 49 | RTX | Rtx CORP | Stock-Industrials | 0.41% | — | -1.70% | |
| 50 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.41% | — | +11.36% |
Performance for Q3 2026
+3.3%
Performance Last 4 Quarters
+16.6%
Based on 79% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 615 | $1.0B | 31 | |
| 2025-12-31 | 605 | $1.0B | 34 | |
| 2025-09-30 | 573 | $984.2M | 58 | |
| 2025-06-30 | 555 | $921.2M | 0 | |
| 2025-03-31 | 531 | $868.9M | 0 | |
| 2024-12-31 | 526 | $884.2M | 0 | |
| 2024-09-30 | 510 | $847.3M | 0 | |
| 2024-06-30 | 404 | $494.8M | 0 | |
| 2024-03-31 | 792 | $9.0B | 0 | |
| 2023-12-31 | 277 | $581.0M | 0 | |
| 2023-09-30 | 261 | $304.0M | 0 |
Norden Group LLC's most significant position changes for 2026-03-31: New buy: Exelixis INC (EXEL); New buy: Expedia Group INC (EXPE); Sold out: Mplx LP (MPLX); Sold out: Ishares Biotechnology ETF (IBB); Sold out: First Trust Dj Internet Ind (FDN).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | CRM | Salesforce INC | +0.9% | +621.63% | Add |
| 2 | QCOM | Qualcomm INC | +0.7% | +274.81% | Add |
| 3 | LRCX | Lam Research CORP | +0.3% | +4.86% | Add |
| 4 | GE | General Electric | +0.3% | +259.93% | Add |
| 5 | GEV | GE Vernova INC | +0.3% | +346.78% | Add |
| 6 | MO | Altria Group INC | +0.3% | +16.82% | Add |
| 7 | HODL | Vaneck Bitcoin ETF | +0.3% | +589.82% | Add |
| 8 | BIL | Ss Spdr Bb 1-3m T-bill ETF | +0.3% | +18.34% | Add |
| 9 | BMY | Bristol-myers Squibb Co | +0.2% | +13.51% | Add |
| 10 | XOM | Exxon Mobil CORP | +0.2% | +14.37% | Add |
| 11 | ANET | Arista Networks INC | +0.2% | +43.87% | Add |
| 12 | WMT | Walmart INC | +0.2% | +73.16% | Add |
| 13 | MU | Micron Technology INC | +0.2% | +64.50% | Add |
| 14 | AAPL | Apple INC | +0.2% | +13.42% | Add |
| 15 | MDLZ | Mondelez International Inc-a | +0.2% | +168.07% | Add |
| 16 | CVX | Chevron CORP | +0.1% | +10.62% | Add |
| 17 | CAT | Caterpillar INC | +0.1% | +35.69% | Add |
| 18 | AMAT | Applied Materials INC | +0.1% | +11.83% | Add |
| 19 | OXY | Occidental Petroleum CORP | +0.1% | +39.32% | Add |
| 20 | ZION | Zions Bancorp NA | +0.1% | +617.53% | Add |
| 21 | QQQI | Neos Nasdaq-100 High INC ETF | +0.1% | +189.65% | Add |
| 22 | FDX | Fedex CORP | +0.1% | +381.88% | Add |
| 23 | NVDA | Nvidia CORP | +0.1% | +11.74% | Add |
| 24 | COST | Costco Wholesale CORP | +0.1% | +14.67% | Add |
| 25 | INTU | Intuit INC | -0.1% | -22.36% | Trim |
| 26 | MA | Mastercard INC - A | -0.1% | -4.94% | Trim |
| 27 | ABT | Abbott Laboratories | -0.1% | -36.42% | Trim |
| 28 | TSLA | Tesla INC | -0.2% | +5.92% | Add |
| 29 | ORCL | Oracle CORP | -0.2% | -1.49% | Trim |
| 30 | PAAA | Pgim Aaa Clo ETF | -0.3% | -2.67% | Trim |
| 31 | AMZN | Amazon.com INC | -0.3% | -3.35% | Trim |
| 32 | VTV | Vanguard Value ETF | -0.4% | -74.67% | Trim |
| 33 | AVGO | Broadcom INC | -0.4% | -8.53% | Trim |
| 34 | VUG | Vanguard Growth ETF | -0.5% | -82.91% | Trim |
| 35 | MSFT | Microsoft CORP | -0.6% | +8.84% | Add |
| 36 | XLY | Ss Consumer Disc Select Sect | -0.7% | -96.00% | Trim |
| 37 | MEDP | Medpace Holdings INC | -0.7% | -92.79% | Trim |
| 38 | WDC | Western Digital CORP | -0.8% | -95.56% | Trim |
| 39 | ADBE | Adobe INC | -0.9% | -87.63% | Trim |
| 40 | EXEL | Exelixis INC | — | NEW | New buy |
| 41 | EXPE | Expedia Group INC | — | NEW | New buy |
| 42 | MPLX | Mplx LP | — | EXIT | Sold out |
| 43 | IBB | Ishares Biotechnology ETF | — | EXIT | Sold out |
| 44 | FDN | First Trust Dj Internet Ind | — | EXIT | Sold out |
| 45 | AMLP | Alerian Mlp ETF | — | NEW | New buy |
| 46 | IJT | Ishares S&p Small-cap 600 Gr | — | NEW | New buy |
| 47 | PPA | Invesco Aerospace & Defense | — | NEW | New buy |
| 48 | ✓ | Cyberark Software LTD | — | EXIT | Sold out |
| 49 | RAAX | Vaneck Real Assets ETF | — | NEW | New buy |
| 50 | JCPB | Jpmorgan Core Plus Bond ETF | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-13 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-15 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-15 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-07 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-05 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-17 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-06 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-30 | Amendment | View on EDGAR |
| 2024-03-31 | 2024-04-19 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-05 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-06 | 13F-HR | View on EDGAR |
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