NDWM LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 23, 2026), NDWM LLC reported 38 stock positions worth $170.2 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 28.7% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 9.6%) and iShares Core U.S. Aggregate (AGG, 7.4%). Compared with Q1 2026, it opened 4 new positions, sold out of 3, added to 24 and reduced 7. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +1%) and the biggest sale SS Spdrb B 3-12M T-Bill ETF (BILS, shares −12%).
- Most Recent 13F
- Q2 2026
- Location
- LA JOLLA, CA
- CIK
- 0001818386
- Portfolio Value
- $170.2M (Q2 2026)
- SEC Filing
- 0001818386-26-000003 ↗ filed Jul 23, 2026
Holdings Value
Holdings 38 stocks · $170.2M
| IVV iShares Core S&P 500 ETF | 28.74% | 65,309 | $48.9M | Add +0.7% |
| RSP Invesco S&P 500 Equal Weight | 9.63% | 77,021 | $16.4M | Add +10.9% |
| AGG iShares Core U.S. Aggregate | 7.43% | 127,840 | $12.7M | Add +7.3% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 5.73% | 98,197 | $9.8M | Reduce -12.4% |
| GLD SPDR Gold Shares | 4.75% | 21,943 | $8.1M | Add +1.6% |
| SLQD iShares 0-5 YR Inv GRD Corp. | 4.44% | 150,111 | $7.6M | Add +16.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.06% | 9,264 | $6.9M | Reduce -16.7% |
| VLUE iShares MSCI USA Value Facto | 3.17% | 26,976 | $5.4M | Add +6.7% |
| CMF iShares California Muni Bond | 3.12% | 92,199 | $5.3M | Add +1.8% |
| EEM iShares MSCI Emerging Market | 3.04% | 75,626 | $5.2M | Add +3.2% |
| ACWX iShares MSCI Acwi Ex US ETF | 2.81% | 62,953 | $4.8M | Add +4.4% |
| IWM iShares Russell 2000 ETF | 2.76% | 15,655 | $4.7M | Add +8.1% |
| CALI Ishrs SH-TRM Ca Muni Act ETF | 2.64% | 88,772 | $4.5M | Add +5.9% |
| VTEC Vanguard Ca Tax-Ex Bond | 2.56% | 43,280 | $4.4M | Add +3.5% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.02% | 37,596 | $3.4M | Reduce -20.4% |
| XLK SS Technology Select Sector | 1.62% | 14,470 | $2.8M | Add +0.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.47% | 4,999 | $2.5M | Add +0.6% |
| SUB iShares Short-Term National | 1.25% | 19,945 | $2.1M | Add +1.4% |
| MUB iShares National Muni Bond E | 1.24% | 19,540 | $2.1M | Reduce -1.9% |
| SHY iShares 1-3 Year Treasury Bo | 0.89% | 18,454 | $1.5M | Add +22.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.89% | 2,055 | $1.5M | Reduce -0.1% |
| TSLA Tesla Inc. | 0.78% | 3,141 | $1.3M | Add +0.1% |
| IEI iShares 3-7 Year Treasury Bo | 0.67% | 9,646 | $1.1M | Add +156.2% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.66% | 23,451 | $1.1M | Add +50.0% |
| AAPL Apple Inc. | 0.62% | 3,663 | $1.1M | Add +3.7% |
| IEF iShares 7-10 Year Treasury B | 0.62% | 11,163 | $1.1M | New |
| NTSX Wisdomtree US Efficient Core | 0.41% | 11,849 | $700K | Reduce -0.8% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.27% | 10,769 | $457K | Reduce -58.1% |
| CAT Caterpillar Inc. | 0.25% | 392 | $417K | No change |
| GOOGL Alphabet Inc. Class A | 0.23% | 1,088 | $389K | Add +9.9% |
| VOO Vanguard S&P 500 ETF | 0.22% | 547 | $375K | New |
| MSFT Microsoft Corp. | 0.17% | 784 | $292K | Add +8.4% |
| LLY Eli Lilly & Co. | 0.16% | 227 | $272K | No change |
| BA The Boeing Co. | 0.16% | 1,227 | $266K | No change |
| IYW iShares Ustechnology ETF | 0.15% | 1,045 | $264K | New |
| AMD Advanced Micro Devices | 0.13% | 382 | $222K | New |
| META Meta Platforms Inc. Class A | 0.13% | 385 | $217K | Add +8.8% |
| XLE SS Energy Select Sector | 0.12% | 3,819 | $203K | Add +0.2% |
Options reported separately and not counted above: AAPL calls ($4K).
Portfolio Sells Q1 2026 → Q2 2026
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -12.4% | 5.73% | −1.49 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -20.4% | 2.02% | −0.78 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.69 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -16.7% | 4.06% | −0.62 |
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -58.1% | 0.27% | −0.44 |
| D Dominion Energy Inc. | Sold out | 0.00% | −0.22 |
| MUB iShares National Muni Bond E | Reduce -1.9% | 1.24% | −0.14 |
| PHYS Sprott Physical Gold Trust | Sold out | 0.00% | −0.13 |
| NTSX Wisdomtree US Efficient Core | Reduce -0.8% | 0.41% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.1% | 0.89% | +0.12 |
Portfolio Buys Q1 2026 → Q2 2026
| IVV iShares Core S&P 500 ETF | Add +0.7% | 28.74% | +1.26 |
| RSP Invesco S&P 500 Equal Weight | Add +10.9% | 9.63% | +0.99 |
| VLUE iShares MSCI USA Value Facto | Add +6.7% | 3.17% | +0.84 |
| IEF iShares 7-10 Year Treasury B | New | 0.62% | +0.62 |
| IWM iShares Russell 2000 ETF | Add +8.1% | 2.76% | +0.43 |
| IEI iShares 3-7 Year Treasury Bo | Add +156.2% | 0.67% | +0.38 |
| XLK SS Technology Select Sector | Add +0.0% | 1.62% | +0.37 |
| EEM iShares MSCI Emerging Market | Add +3.2% | 3.04% | +0.34 |
| SLQD iShares 0-5 YR Inv GRD Corp. | Add +16.6% | 4.44% | +0.23 |
| VOO Vanguard S&P 500 ETF | New | 0.22% | +0.22 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Add +50.0% | 0.66% | +0.20 |
| IYW iShares Ustechnology ETF | New | 0.15% | +0.15 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +4.4% | 2.81% | +0.14 |
| AMD Advanced Micro Devices | New | 0.13% | +0.13 |
| SHY iShares 1-3 Year Treasury Bo | Add +22.2% | 0.89% | +0.08 |
| GOOGL Alphabet Inc. Class A | Add +9.9% | 0.23% | +0.04 |
| AAPL Apple Inc. | Add +3.7% | 0.62% | +0.04 |
| TSLA Tesla Inc. | Add +0.1% | 0.78% | +0.02 |
| MSFT Microsoft Corp. | Add +8.4% | 0.17% | −0.00 |
| META Meta Platforms Inc. Class A | Add +8.8% | 0.13% | −0.00 |
| XLE SS Energy Select Sector | Add +0.2% | 0.12% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.6% | 1.47% | −0.07 |
| CALI Ishrs SH-TRM Ca Muni Act ETF | Add +5.9% | 2.64% | −0.11 |
| SUB iShares Short-Term National | Add +1.4% | 1.25% | −0.11 |
| VTEC Vanguard Ca Tax-Ex Bond | Add +3.5% | 2.56% | −0.13 |
| CMF iShares California Muni Bond | Add +1.8% | 3.12% | −0.22 |
| AGG iShares Core U.S. Aggregate | Add +7.3% | 7.43% | −0.23 |
| GLD SPDR Gold Shares | Add +1.6% | 4.75% | −1.28 |
Options Activity Q1 2026 → Q2 2026
| AAPL Apple Inc. | call | Reduce -99.0% | 30 | $4K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 38 | $170.2M | IVV, RSP, AGG, BILS, GLD |
| Q1 2026 | 37 | $154.2M | IVV, RSP, AGG, BILS, GLD |
| Q4 2025 | 33 | $151.1M | IVV, SPY, BILS, GLD, BIL |
| Q3 2025 | 34 | $147.4M | IVV, SPY, BILS, BIL, GLD |
| Q2 2025 | 31 | $136.6M | IVV, SPY, BILS, BIL, RSP |
| Q1 2025 | 33 | $102.3M | IVV, BILS, BIL, RSP, SPY |
| Q4 2024 | 31 | $119.6M | IVV, BILS, SPY, BIL, RSP |
| Q3 2024 | 32 | $121.3M | IVV, BILS, BIL, SPY, RSP |
| Q2 2024 | 33 | $112.8M | IVV, BILS, BIL, RSP, XLK |
| Q1 2024 | 32 | $109.8M | IVV, BILS, BIL, RSP, XLK |