NG
Norden Group LLC Investment Portfolio (Q2 2026) — 13F Stock Holdings
Norden Group LLCCIK: 0001990699
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$1.2B
Reporting period: 2026-06-30 · Number of holdings: 701
NORDEN GROUP LLC disclosed 701 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $1.2B and a quarterly turnover rate of 37.4%.
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Personality snowflake
- Concentration
- 4.76
- Portfolio Stability
- 37.42
- Momentum
- 100
- Sector conviction
- 57.18
- Diversification
- 100
- Sizing Uniformity
- 72.9
Norden Group LLC's disclosed holdings carry a Herfindahl concentration index of 0.012 — mathematically equivalent to about 84 equally-sized positions, well below its 701 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 2.71), 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim PAAA
-9.2% -$5.6M
Add IVV
+189.0% $15.7M
New buy LAMR
Sold out EXEL
Trim CRM
-85.1% -$9.8M
Add MU
+13.2% $11.6M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 701 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | Stock-Tech | 4.93% | +0.21% | +7.28% | |
| 2 | NVDA | Nvidia CORP | Stock-Tech | 4.65% | +0.12% | +4.96% | |
| 3 | PAAA | Pgim Aaa Clo ETF | ETF-Other | 4.62% | -1.33% | -9.25% | |
| 4 | MSFT | Microsoft CORP | Stock-Tech | 2.25% | -0.53% | -6.10% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.02% | +0.17% | +2.88% | |
| 6 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.88% | -0.11% | -3.50% | |
| 7 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 1.85% | +1.20% | +189.04% | |
| 8 | AVGO | Broadcom Inc | Stock-Tech | 1.62% | +0.06% | -0.53% | |
| 9 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 1.34% | -0.46% | -12.53% | |
| 10 | MU | Micron Technology Inc | Stock-Tech | 1.28% | +0.89% | +13.20% | |
| 11 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.19% | -0.09% | -11.55% | |
| 12 | MO | Altria Group Inc | Stock-Consumer Staples | 1.18% | +0.02% | +9.79% | |
| 13 | ANET | Arista Networks Inc | Stock-Tech | 1.15% | +0.21% | +4.13% | |
| 14 | LAMR | Lamar Advertising Co-a | Stock-Real Estate | 1.06% | +1.06% | NEW | |
| 15 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 1.06% | -0.11% | +11.49% | |
| 16 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 1.05% | +0.10% | +0.99% | |
| 17 | AMD | Advanced Micro Devices | Stock-Tech | 1.01% | +0.59% | -1.02% | |
| 18 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.99% | -0.01% | +1.39% | |
| 19 | SHOP | Shopify Inc - Class A | Stock-Tech | 0.98% | +0.66% | +268.00% | |
| 20 | EXPE | Expedia Group Inc | Stock-Consumer Disc | 0.94% | +0.06% | +13.51% | |
| 21 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.93% | -0.06% | -1.84% | |
| 22 | FTI | TechnipFMC plc | Stock-Energy | 0.93% | +0.82% | +930.78% | |
| 23 | VOD | Vodafone Group Plc-sp Adr | Stock-Comm Services | 0.80% | +0.80% | NEW | |
| 24 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.78% | -0.40% | -20.83% | |
| 25 | AMAT | Applied Materials Inc | Stock-Tech | 0.78% | +0.34% | -2.44% | |
| 26 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.76% | +0.09% | +20.38% | |
| 27 | CSCO | Cisco Systems Inc | Stock-Tech | 0.74% | +0.04% | -18.01% | |
| 28 | LRCX | Lam Research CORP | Stock-Tech | 0.74% | -0.61% | -68.46% | |
| 29 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.72% | -0.11% | -22.19% | |
| 30 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.72% | -0.05% | +5.14% | |
| 31 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.70% | -0.04% | +6.72% | |
| 32 | PM | Philip Morris International | Stock-Consumer Staples | 0.68% | -0.04% | +1.54% | |
| 33 | SMH | Vaneck Semiconductor ETF | ETF-Other | 0.67% | +0.67% | NEW | |
| 34 | IJT | Ishares S&p Small-cap 600 Gr | ETF-Other | 0.60% | +0.02% | -1.44% | |
| 35 | FDN | First Trust Dj Internet Ind | ETF-Other | 0.55% | +0.55% | NEW | |
| 36 | INTC | Intel CORP | Stock-Tech | 0.54% | +0.34% | +0.89% | |
| 37 | AMLP | Alerian Mlp ETF | ETF-Other | 0.54% | -0.09% | +1.51% | |
| 38 | V | Visa Inc-class A Shares | Stock-Financials | 0.52% | -0.14% | -17.92% | |
| 39 | GE | General Electric | Stock-Industrials | 0.50% | +0.08% | +6.10% | |
| 40 | XOM | Exxon Mobil CORP | Stock-Energy | 0.49% | -0.15% | +11.37% | |
| 41 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.48% | -0.01% | +7.01% | |
| 42 | CAT | Caterpillar Inc | Stock-Industrials | 0.47% | +0.11% | -0.02% | |
| 43 | WFC | Wells Fargo & Co | Stock-Financials | 0.46% | -0.05% | +3.13% | |
| 44 | NET | Cloudflare Inc - Class A | Stock-Tech | 0.44% | -0.02% | -5.24% | |
| 45 | BAC | Bank Of America CORP | Stock-Financials | 0.44% | +0.04% | +10.33% | |
| 46 | SPYG | Ss Spdr P S&p 500 Growth ETF | ETF-Large Cap & Growth | 0.43% | +0.02% | +2.05% | |
| 47 | GEV | GE Vernova Inc | Stock-Industrials | 0.42% | +0.07% | +4.47% | |
| 48 | MA | Mastercard Inc - A | Stock-Financials | 0.42% | -0.16% | -17.55% | |
| 49 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.42% | -0.07% | +6.38% | |
| 50 | ABBV | Abbvie Inc | Stock-Healthcare | 0.41% | +0.02% | +6.61% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+2.4%
Performance Last 4 Quarters
+16.9%
- Stdev
- +10.2%
- Beta
- +0.81
- Alpha
- -1.3%
- Max Drawdown
- -6.8%
- Annualized Perf
- +16.5%
- Batting Avg vs S&P
- +36.4%
- Sortino
- +3.32
- Stutzer
- +0.46
- Treynor
- +0.19
- Sterling
- +1.03
- Calmar
- +2.42
- Information Ratio
- -1.36
- Tracking Error
- +3.8%
- Stdev Down
- +4.8%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +23.9%
- Worst 12 Months
- +6.3%
- Efficiency Ratio
- +0.63
- Sharpe
- +1.56
- Stdev Sectors
- +9.5%
- Skewness
- +0.13
- Kurtosis
- +0.36
- Upside Potential
- +4.82
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Norden Group LLC's most significant position changes for 2026-06-30: New buy: Lamar Advertising Co-a (LAMR); Sold out: Exelixis Inc (EXEL); New buy: Vodafone Group Plc-sp Adr (VOD); New buy: Vaneck Semiconductor ETF (SMH); New buy: First Trust Dj Internet Ind (FDN).
Showing top 200 changes by size (of 747 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | +1.2% | +189.04% | Add |
| 2 | LAMR | Lamar Advertising Co-a | +1.1% | NEW | New buy |
| 3 | MU | Micron Technology Inc | +0.9% | +13.20% | Add |
| 4 | FTI | TechnipFMC plc | +0.8% | +930.78% | Add |
| 5 | VOD | Vodafone Group Plc-sp Adr | +0.8% | NEW | New buy |
| 6 | SMH | Vaneck Semiconductor ETF | +0.7% | NEW | New buy |
| 7 | SHOP | Shopify Inc - Class A | +0.7% | +268.00% | Add |
| 8 | AMD | Advanced Micro Devices | +0.6% | -1.02% | Trim |
| 9 | FDN | First Trust Dj Internet Ind | +0.6% | NEW | New buy |
| 10 | AMAT | Applied Materials Inc | +0.3% | -2.44% | Trim |
| 11 | INTC | Intel CORP | +0.3% | +0.89% | Add |
| 12 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | +0.3% | NEW | New buy |
| 13 | AAPL | Apple Inc | +0.2% | +7.28% | Add |
| 14 | ANET | Arista Networks Inc | +0.2% | +4.13% | Add |
| 15 | MRVL | Marvell Technology Inc | +0.2% | -3.52% | Trim |
| 16 | SNDK | Sandisk CORP | +0.2% | +25.44% | Add |
| 17 | KLAC | Kla CORP | +0.2% | +1063.49% | Add |
| 18 | GOOGL | Alphabet Inc-cl A | +0.2% | +2.88% | Add |
| 19 | RAAX | Vaneck Real Assets ETF | +0.2% | +135.54% | Add |
| 20 | BRBR | Bellring Brands Inc | +0.1% | NEW | New buy |
| 21 | WAY | Waystar Holding CORP | +0.1% | NEW | New buy |
| 22 | GLW | Corning Inc | +0.1% | +1.87% | Add |
| 23 | NVDA | Nvidia CORP | +0.1% | +4.96% | Add |
| 24 | NODE | Vaneck Onchain Economy ETF | +0.1% | +112.29% | Add |
| 25 | PGR | Progressive CORP | +0.1% | +358.18% | Add |
| 26 | CAT | Caterpillar Inc | +0.1% | -0.02% | Trim |
| 27 | PANW | Palo Alto Networks Inc | +0.1% | -2.80% | Trim |
| 28 | QQQ | Invesco Qqq Trust Series 1 | +0.1% | +0.99% | Add |
| 29 | JPM | Jpmorgan Chase & Co | +0.1% | +20.38% | Add |
| 30 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | -3.70% | Trim |
| 31 | BOW | Bowhead Specialty Holdings I | +0.1% | NEW | New buy |
| 32 | VRRM | Verra Mobility CORP | +0.1% | NEW | New buy |
| 33 | PLNT | Planet Fitness Inc - Cl A | +0.1% | NEW | New buy |
| 34 | RLI | Rli CORP | +0.1% | NEW | New buy |
| 35 | GE | General Electric | +0.1% | +6.10% | Add |
| 36 | TXN | Texas Instruments Inc | +0.1% | -2.29% | Trim |
| 37 | CRDO | Credo Technology Group Holding Ltd | +0.1% | +38.14% | Add |
| 38 | AJG | Arthur J Gallagher & Co | +0.1% | NEW | New buy |
| 39 | SUI | Sun Communities Inc | +0.1% | NEW | New buy |
| 40 | EFOR | Everforth Inc | +0.1% | NEW | New buy |
| 41 | GEV | GE Vernova Inc | +0.1% | +4.47% | Add |
| 42 | TSCO | Tractor Supply Company | +0.1% | +408.61% | Add |
| 43 | ALAB | Astera Labs Inc | +0.1% | +3.33% | Add |
| 44 | OPCH | Option Care Health Inc | +0.1% | NEW | New buy |
| 45 | DDOG | Datadog Inc - Class A | +0.1% | -1.93% | Trim |
| 46 | BAX | Baxter International Inc | +0.1% | NEW | New buy |
| 47 | URI | United Rentals Inc | +0.1% | +50.00% | Add |
| 48 | WDC | Western Digital CORP | +0.1% | +6.11% | Add |
| 49 | FLEX | Flex Ltd. | +0.1% | NEW | New buy |
| 50 | BMI | Badger Meter Inc | +0.1% | NEW | New buy |
1–50 of 200
Filing History
FAQ
What is Norden Group LLC and what type of investor is it?
Norden Group LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $1.2B, spread across 701 disclosed positions.
What are Norden Group LLC's largest equity positions?
Based on the latest 13F filing, Norden Group LLC's top holdings by market value are:
1. Apple Inc (AAPL) — $60.1M (4.9%)
2. Nvidia CORP (NVDA) — $56.8M (4.7%)
3. Pgim Aaa Clo ETF (PAAA) — $56.3M (4.6%)
4. Microsoft CORP (MSFT) — $27.4M (2.3%)
5. Alphabet Inc-cl A (GOOGL) — $24.6M (2.0%)
What changes did Norden Group LLC make in its most recent portfolio filing?
In the latest reported quarter, Norden Group LLC made 200 notable position adjustments: 47 new positions were initiated, 81 existing holdings were added to, 57 positions were partially reduced, and 15 were completely exited. The largest of these moves: New buy: Lamar Advertising Co-a (LAMR); Sold out: Exelixis Inc (EXEL); New buy: Vodafone Group Plc-sp Adr (VOD); New buy: Vaneck Semiconductor ETF (SMH); New buy: First Trust Dj Internet Ind (FDN)
What sectors does Norden Group LLC focus on?
Norden Group LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 37.7%
• Health Care: 9.4%
• Consumer Discretionary: 9.2%
• Industrials: 9.2%
• Financials: 9.0%
• Communication Services: 8.5%
Investment Profile
Norden Group LLC returned an annualized 16.5% over the trailing 33 months — underperforming the S&P 500 by 1.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.81 (less volatile than the market) and a 36% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 37.7% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 37 over the past 4 quarters — a shift toward more active trading.
It has added to its AAPL position over the past two quarters (+$13.7M, now $60.1M), while trimming ADBE over the same stretch (-$9.7M, still holding $330.5K).
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Developer Access
Access Norden Group LLC's institutional profile programmatically:
REST API
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