NDVR, Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 22, 2025), NDVR, Inc. reported 115 stock positions worth $120.0 million. Its top holding was Vanguard Ftse Developed ETF (VEA) at 23.2% of the portfolio, followed by HubSpot (HUBS, 10.2%) and Vanguard Ftse Emerging Marke (VWO, 8.2%). Compared with Q2 2025, it opened 17 new positions, sold out of 5, added to 26 and reduced 67. The biggest buy was iShares 0-3 Month Treasury B (SGOV, shares +1458%) and the biggest sale HubSpot (HUBS, shares −14%).

Most Recent 13F
Q4 2025
Location
Boston, MA
CIK
0002011247
Portfolio Value
$120.0M (Q3 2025)
SEC Filing
0001172661-25-004382 ↗ filed Oct 22, 2025

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $104.8M Q1 2024 Q2 2024: $96.1M Q2 2024 Q3 2024: $97.5M Q3 2024 Q4 2024: $104.5M Q4 2024 Q1 2025: $98.0M Q1 2025 Q2 2025: $106.7M Q2 2025 Q3 2025: $120.0M $120.0M Q3 2025 Q4 2025: $120.5M Q4 2025

Holdings 115 stocks · $120.0M
VEA Vanguard Ftse Developed ETF 23.18% 464,063 $27.8M Add +2.8%
HUBS HubSpot Inc. 10.16% 26,049 $12.2M Reduce -14.4%
VWO Vanguard Ftse Emerging Marke 8.18% 181,077 $9.8M Add +2.2%
SGOV iShares 0-3 Month Treasury B 4.97% 59,217 $6.0M Add +1457.9%
AMZN Amazon.com Inc. 4.67% 25,495 $5.6M Add +4.6%
MSFT Microsoft Corp. 4.10% 9,495 $4.9M Add +2.8%
GLDM SPDR Gold Minishares Trust 4.00% 62,736 $4.8M No change
VTI VG Morningstar TS MKT ETF-US 3.21% 11,741 $3.9M Add +145.8%
NVDA Nvidia Corp. 2.70% 17,383 $3.2M Add +9.5%
AAPL Apple Inc. 2.35% 11,082 $2.8M Reduce -2.8%
VOO Vanguard S&P 500 ETF 1.50% 2,948 $1.8M No change
IEFA iShares Core MSCI Eafe ETF 1.45% 19,974 $1.7M Add +2.5%
META Meta Platforms Inc. Class A 0.88% 1,437 $1.1M Add +9.6%
GOOGL Alphabet Inc. Class A 0.83% 4,091 $995K Add +13.2%
WMT Walmart Inc. 0.76% 8,810 $908K Add +0.1%
AVGO Broadcom Inc. 0.71% 2,576 $850K Add +38.9%
GOOG Alphabet Inc. Class C 0.68% 3,365 $820K Reduce -17.0%
SCHF Schwab Intl Equity ETF 0.65% 33,408 $778K Reduce -1.0%
JPM JPMorgan Chase & Co. 0.61% 2,302 $726K Add +18.8%
EPAM Epam Systems Inc. 0.50% 4,001 $603K Add +0.0%
IEMG iShares Core MSCI Emerging 0.48% 8,670 $572K Add +2.7%
ABBV Abbvie Inc. 0.46% 2,391 $554K Reduce -1.8%
TSLA Tesla Inc. 0.41% 1,117 $497K Add +2.8%
XOM Exxon Mobil Corp. 0.41% 4,363 $492K Reduce -3.9%
BRK.B Berkshire Hathaway Inc. Class B 0.39% 930 $468K Add +4.1%
IDCC Interdigital Inc. 0.38% 1,329 $459K Reduce -10.3%
MLI Mueller Industries Inc. 0.38% 4,492 $454K Reduce -11.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.37% 1,562 $441K Add +0.8%
MCK McKesson Corp. 0.37% 567 $438K Reduce -3.2%
V Visa Inc. Class A 0.35% 1,242 $424K Add +9.9%
LRN Stride Inc. 0.35% 2,837 $423K Reduce -15.8%
PGR Progressive Corp. 0.35% 1,703 $421K Reduce -4.7%
EME Emcor Group Inc. 0.34% 632 $411K Reduce -5.5%
ORCL Oracle Corp. 0.34% 1,429 $402K New
HIG Hartford Insurance Group Inc. 0.32% 2,869 $383K Reduce -2.8%
LOPE Grand Canyon Education Inc. 0.32% 1,743 $383K Reduce -5.1%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.31% 4,889 $375K Reduce -1.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.31% 2,558 $370K Reduce -0.2%
LDOS Leidos Holdings Inc. 0.31% 1,952 $369K Reduce -3.6%
COR Cencora Inc. 0.31% 1,173 $367K Reduce -1.0%
CAH Cardinal Health Inc. 0.30% 2,282 $358K Reduce -0.1%
TRV The Travelers Cos Inc. 0.30% 1,282 $358K Reduce -2.0%
GILD Gilead Sciences Inc. 0.29% 3,184 $353K Add +0.5%
MTG Mgic Investment Corp. 0.29% 12,151 $345K Reduce -4.4%
AXP American Express Co. 0.28% 1,025 $340K No change
CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC 0.28% 2,189 $338K Reduce -4.4%
UNM Unum Group 0.28% 4,312 $335K Reduce -4.7%
FHI Federated Hermes Inc. 0.28% 6,456 $335K Reduce -2.6%
FOXA Fox Corp. Class A 0.28% 5,294 $334K Reduce -1.0%
L Loews Corp. 0.28% 3,317 $333K Reduce -1.9%
GE General Electric filed as GE AEROSPACE 0.27% 1,094 $329K Reduce -0.2%
NEU Newmarket Corp. 0.27% 391 $324K Reduce -3.0%
ORI Old Republic Intl Corp. 0.27% 7,575 $322K Reduce -3.7%
IAU iShares Gold Trust 0.27% 4,408 $321K No change
ALSN Allison Transmission Holding 0.26% 3,731 $317K Reduce -8.0%
ORLY O'reilly Automotive Inc. 0.26% 2,920 $315K Reduce -5.6%
KR Kroger Co. 0.26% 4,667 $315K Reduce -0.4%
COKE Coca-Cola Consolidated Inc. 0.26% 2,638 $309K Reduce -5.2%
FTDR Frontdoor Inc. 0.26% 4,553 $306K Reduce -2.8%
LLY Eli Lilly & Co. 0.25% 400 $305K Add +32.0%
PJT PJT Partners Inc. Class A 0.25% 1,701 $302K Reduce -7.3%
PRI Primerica Inc. 0.25% 1,075 $298K Reduce -2.1%
FOX Fox Corp. Class B 0.25% 5,205 $298K Add +2.1%
CALM Cal-Maine Foods Inc. 0.25% 3,143 $296K Reduce -4.6%
FNF Fidelity National Financial 0.25% 4,879 $295K Reduce -0.0%
AMP Ameriprise Financial Inc. 0.25% 600 $295K Reduce -2.4%
T AT&T Inc. 0.24% 10,336 $292K Add +0.6%
VTV Vanguard Mrngstr Val ETF-Aui 0.24% 1,557 $290K New
MET Metlife Inc. 0.24% 3,501 $288K Reduce -0.7%
CSCO Cisco Systems Inc. 0.24% 4,161 $285K Reduce -0.9%
MCY Mercury General Corp. 0.24% 3,357 $285K Reduce -6.3%
VUG Vanguard Mrngstar GR ETF-Sui 0.24% 591 $283K New
HURN Huron Consulting Group Inc. 0.23% 1,909 $280K Reduce -5.5%
LNG Cheniere Energy Inc. 0.23% 1,185 $278K Reduce -6.4%
AFL Aflac Inc. 0.23% 2,469 $276K Reduce -8.3%
BRC Brady Corporation Class A 0.22% 3,408 $266K Reduce -8.7%
JBL Jabil Inc. 0.21% 1,171 $254K Reduce -3.0%
AIZ Assurant Inc. 0.21% 1,165 $252K Reduce -4.4%
EXEL Exelixis Inc. 0.21% 6,101 $252K Reduce -0.6%
PRDO Perdoceo Education Corp. 0.21% 6,636 $250K Add +3.4%
NMIH Nmi Holdings Inc. filed as NMI HLDGS INC 0.21% 6,419 $246K Reduce -3.4%
UTHR United Therapeutics Corp. 0.20% 586 $246K New
ALL Allstate Corp. 0.20% 1,142 $245K Reduce -1.6%
SPYM Ste STR SPDR PT S&P 500 ETF 0.20% 3,077 $241K New
LAUR Laureate Education Inc. 0.20% 7,571 $239K New
IVV iShares Core S&P 500 ETF 0.20% 352 $236K No change
MUSA Murphy USA Inc. 0.19% 602 $234K Reduce -9.3%
HRB H&R Block Inc. filed as BLOCK H & R INC 0.19% 4,593 $232K Reduce -4.8%
CNA Cna Financial Corp. 0.19% 4,994 $232K Reduce -7.8%
MO Altria Group Inc. 0.19% 3,504 $231K Reduce -6.0%
MPC Marathon Petroleum Corp. 0.19% 1,197 $231K Reduce -8.0%
CASY Casey's General Stores Inc. 0.19% 408 $231K Reduce -9.1%
PHM Pultegroup Inc. 0.19% 1,743 $230K New
VLO Valero Energy Corp. 0.19% 1,351 $230K New
DDS Dillards Inc. Class A 0.19% 367 $226K New
CVX Chevron Corp. 0.19% 1,448 $225K New
TYA Simplify Intermediate Term 0.19% 16,500 $225K Add +0.9%
GPOR Gulfport Energy Corp. 0.19% 1,237 $224K Reduce -3.9%
MKL Markel Group Inc. 0.19% 117 $224K Reduce -4.9%
INGR Ingredion Inc. 0.19% 1,828 $223K Reduce -5.5%
HCI Hci Group Inc. 0.18% 1,155 $222K New
PREMIER INC-CLASS A 0.18% 7,894 $219K New
RGA Reinsurance Group of America 0.18% 1,126 $216K Reduce -9.1%
RS Reliance Inc. 0.18% 770 $216K Reduce -3.0%
MA Mastercard Inc. Class A 0.18% 380 $216K New
AZO AutoZone Inc. 0.18% 50 $215K New
CNX CNX Resources Corp. 0.18% 6,612 $212K Reduce -2.1%
COF Capital One Financial Corp. 0.18% 996 $212K Reduce -57.3%
SFM Sprouts Farmers Market Inc. 0.18% 1,944 $212K Reduce -1.8%
VIRT Virtu Financial Inc. Class A 0.18% 5,943 $211K Reduce -1.7%
SUPN Supernus Pharmaceuticals Inc. 0.17% 4,324 $207K New
SNA Snap-on Inc. 0.17% 585 $203K New
EXPD Expeditors Intl Wash Inc. 0.17% 1,650 $202K New
ADT Adt Inc. 0.16% 21,596 $188K Add +15.8%
GNW Genworth Financial Inc. 0.15% 19,838 $177K Reduce -6.6%

Portfolio Sells Q2 2025 → Q3 2025
HUBS HubSpot Inc. Reduce -14.4% 10.16% −5.73
COF Capital One Financial Corp. Reduce -57.3% 0.18% −0.29
GWW WW Grainger Inc. Sold out 0.00% −0.25
CI The Cigna Group Sold out 0.00% −0.24
DVA Davita Inc. Sold out 0.00% −0.23
PPC Pilgrim's Pride Corp. Sold out 0.00% −0.23
CNM Core & Main Inc. Class A Sold out 0.00% −0.19
SFM Sprouts Farmers Market Inc. Reduce -1.8% 0.18% −0.13
LRN Stride Inc. Reduce -15.8% 0.35% −0.11
ALSN Allison Transmission Holding Reduce -8.0% 0.26% −0.10
PGR Progressive Corp. Reduce -4.7% 0.35% −0.10
VIRT Virtu Financial Inc. Class A Reduce -1.7% 0.18% −0.08
UNM Unum Group Reduce -4.7% 0.28% −0.06
AMP Ameriprise Financial Inc. Reduce -2.4% 0.25% −0.06
CALM Cal-Maine Foods Inc. Reduce -4.6% 0.25% −0.06
CAH Cardinal Health Inc. Reduce -0.1% 0.30% −0.06
INGR Ingredion Inc. Reduce -5.5% 0.19% −0.06
MUSA Murphy USA Inc. Reduce -9.3% 0.19% −0.06
NMIH Nmi Holdings Inc. Reduce -3.4% 0.21% −0.06
LNG Cheniere Energy Inc. Reduce -6.4% 0.23% −0.06
GPOR Gulfport Energy Corp. Reduce -3.9% 0.19% −0.06
HRB H&R Block Inc. Reduce -4.8% 0.19% −0.05
RS Reliance Inc. Reduce -3.0% 0.18% −0.05
KR Kroger Co. Reduce -0.4% 0.26% −0.05
SCHF Schwab Intl Equity ETF Reduce -1.0% 0.65% −0.05
RGA Reinsurance Group of America Reduce -9.1% 0.18% −0.05
XOM Exxon Mobil Corp. Reduce -3.9% 0.41% −0.05
MTG Mgic Investment Corp. Reduce -4.4% 0.29% −0.04
MKL Markel Group Inc. Reduce -4.9% 0.19% −0.04
EXEL Exelixis Inc. Reduce -0.6% 0.21% −0.04
CNA Cna Financial Corp. Reduce -7.8% 0.19% −0.04
MCK McKesson Corp. Reduce -3.2% 0.37% −0.04
AFL Aflac Inc. Reduce -8.3% 0.23% −0.04
CNX CNX Resources Corp. Reduce -2.1% 0.18% −0.04
CSCO Cisco Systems Inc. Reduce -0.9% 0.24% −0.04
JBL Jabil Inc. Reduce -3.0% 0.21% −0.03
COKE Coca-Cola Consolidated Inc. Reduce -5.2% 0.26% −0.03
PRI Primerica Inc. Reduce -2.1% 0.25% −0.03
HIG Hartford Insurance Group Inc. Reduce -2.8% 0.32% −0.03
PJT PJT Partners Inc. Class A Reduce -7.3% 0.25% −0.03
WRB WR Berkley Corp. Reduce -1.9% 0.31% −0.03
TRV The Travelers Cos Inc. Reduce -2.0% 0.30% −0.03
COR Cencora Inc. Reduce -1.0% 0.31% −0.03
HURN Huron Consulting Group Inc. Reduce -5.5% 0.23% −0.03
MET Metlife Inc. Reduce -0.7% 0.24% −0.03
CASY Casey's General Stores Inc. Reduce -9.1% 0.19% −0.02
BRC Brady Corporation Class A Reduce -8.7% 0.22% −0.02
AIZ Assurant Inc. Reduce -4.4% 0.21% −0.02
ORI Old Republic Intl Corp. Reduce -3.7% 0.27% −0.02
ALL Allstate Corp. Reduce -1.6% 0.20% −0.01

Portfolio Buys Q2 2025 → Q3 2025
SGOV iShares 0-3 Month Treasury B Add +1457.9% 4.97% +4.61
VTI VG Morningstar TS MKT ETF-US Add +145.8% 3.21% +1.85
NVDA Nvidia Corp. Add +9.5% 2.70% +0.35
ORCL Oracle Corp. New 0.34% +0.34
VTV Vanguard Mrngstr Val ETF-Aui New 0.24% +0.24
VUG Vanguard Mrngstar GR ETF-Sui New 0.24% +0.24
GOOGL Alphabet Inc. Class A Add +13.2% 0.83% +0.23
AVGO Broadcom Inc. Add +38.9% 0.71% +0.23
UTHR United Therapeutics Corp. New 0.20% +0.20
SPYM Ste STR SPDR PT S&P 500 ETF New 0.20% +0.20
LAUR Laureate Education Inc. New 0.20% +0.20
PHM Pultegroup Inc. New 0.19% +0.19
VLO Valero Energy Corp. New 0.19% +0.19
DDS Dillards Inc. Class A New 0.19% +0.19
CVX Chevron Corp. New 0.19% +0.19
HCI Hci Group Inc. New 0.18% +0.18
PREMIER INC-CLASS A New 0.18% +0.18
MA Mastercard Inc. Class A New 0.18% +0.18
AZO AutoZone Inc. New 0.18% +0.18
SUPN Supernus Pharmaceuticals Inc. New 0.17% +0.17
SNA Snap-on Inc. New 0.17% +0.17
EXPD Expeditors Intl Wash Inc. New 0.17% +0.17
TSLA Tesla Inc. Add +2.8% 0.41% +0.09
JPM JPMorgan Chase & Co. Add +18.8% 0.61% +0.08
LLY Eli Lilly & Co. Add +32.0% 0.25% +0.03
PRDO Perdoceo Education Corp. Add +3.4% 0.21% +0.01
ADT Adt Inc. Add +15.8% 0.16% +0.01
FOX Fox Corp. Class B Add +2.1% 0.25% +0.00
IEMG iShares Core MSCI Emerging Add +2.7% 0.48% +0.00
BRK.B Berkshire Hathaway Inc. Class B Add +4.1% 0.39% −0.02
TYA Simplify Intermediate Term Add +0.9% 0.19% −0.02
V Visa Inc. Class A Add +9.9% 0.35% −0.02
META Meta Platforms Inc. Class A Add +9.6% 0.88% −0.03
GILD Gilead Sciences Inc. Add +0.5% 0.29% −0.03
T AT&T Inc. Add +0.6% 0.24% −0.04
VWO Vanguard Ftse Emerging Marke Add +2.2% 8.18% −0.04
WMT Walmart Inc. Add +0.1% 0.76% −0.05
IBM Intl Business Machines Corp. Add +0.8% 0.37% −0.06
IEFA iShares Core MSCI Eafe ETF Add +2.5% 1.45% −0.07
EPAM Epam Systems Inc. Add +0.0% 0.50% −0.16
MSFT Microsoft Corp. Add +2.8% 4.10% −0.21
AMZN Amazon.com Inc. Add +4.6% 4.67% −0.35
VEA Vanguard Ftse Developed ETF Add +2.8% 23.18% −0.95

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q4 2025 121$120.5MVEA, HUBS, VWO, SGOV, AMZN
Q3 2025 115$120.0MVEA, HUBS, VWO, SGOV, AMZN
Q2 2025 103$106.7MVEA, HUBS, VWO, AMZN, MSFT
Q1 2025 102$98.0MVEA, HUBS, VWO, AMZN, GLDM
Q4 2024 102$104.5MVEA, HUBS, VWO, AMZN, MSFT
Q3 2024 103$97.5MVEA, HUBS, VWO, AMZN, MSFT
Q2 2024 92$96.1MHUBS, VEA, VWO, AMZN, GLDM
Q1 2024 106$104.8MHUBS, VEA, VWO, GLDM, AMZN