NDWM LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 19, 2024), NDWM LLC reported 32 stock positions worth $109.8 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 33.0% of the portfolio, followed by SS Spdrb B 3-12M T-Bill ETF (BILS, 16.6%) and SS SPDR BB 1-3M T-Bill ETF (BIL, 14.6%). Compared with Q4 2023, it opened 4 new positions, added to 13 and reduced 8. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +3%) and the biggest sale iShares 20+ Year Treasury BD (TLT, shares −44%).
- Most Recent 13F
- Q2 2026
- Location
- LA JOLLA, CA
- CIK
- 0001818386
- Portfolio Value
- $109.8M (Q1 2024)
- SEC Filing
- 0001085146-24-001940 ↗ filed Apr 19, 2024
Holdings Value
Holdings 32 stocks · $109.8M
| IVV iShares Core S&P 500 ETF | 33.04% | 69,030 | $36.3M | Add +2.8% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 16.61% | 183,452 | $18.2M | Reduce -0.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 14.56% | 174,191 | $16.0M | Add +1.1% |
| RSP Invesco S&P 500 Equal Weight | 5.01% | 32,463 | $5.5M | Add +2.9% |
| XLK SS Technology Select Sector | 3.64% | 19,193 | $4.0M | Reduce -0.5% |
| TLT iShares 20+ Year Treasury BD | 3.41% | 39,531 | $3.7M | Reduce -44.4% |
| NTSX Wisdomtree US Efficient Core | 3.04% | 79,027 | $3.3M | Add +0.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.89% | 6,062 | $3.2M | Add +5.5% |
| IJS iShares S&P Small-Cap 600 Va | 2.67% | 28,551 | $2.9M | Add +115.2% |
| QQQ Invesco QQQ Trust Series 1 | 2.56% | 6,333 | $2.8M | Add +0.8% |
| NOW ServiceNow Inc. | 1.67% | 2,401 | $1.8M | No change |
| SLQD iShares 0-5 YR Inv GRD Corp. | 1.48% | 33,059 | $1.6M | Reduce -6.7% |
| SHY iShares 1-3 Year Treasury Bo | 1.15% | 15,419 | $1.3M | Reduce -7.7% |
| AGG iShares Core U.S. Aggregate | 0.83% | 9,305 | $911K | Add +31.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.68% | 1,763 | $741K | Add +12.2% |
| NYF iShares New York Muni Bond E | 0.62% | 12,583 | $677K | Add +3.3% |
| PZT Invesco New York Amt-Free Mu | 0.62% | 29,390 | $677K | Add +2.9% |
| TSLA Tesla Inc. | 0.58% | 3,645 | $641K | No change |
| XBI SS SPDR S&P Biotech ETF | 0.55% | 6,358 | $603K | New |
| GLD SPDR Gold Shares | 0.54% | 2,857 | $588K | No change |
| AAPL Apple Inc. | 0.52% | 3,311 | $568K | Add +0.0% |
| EQL CI Inv SP 500 Equ Weg Ind-Ui | 0.48% | 4,499 | $531K | New |
| IWN iShares Russell 2000 Value E | 0.48% | 3,317 | $527K | Reduce -13.5% |
| CMF iShares California Muni Bond | 0.39% | 7,438 | $428K | No change |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.32% | 8,345 | $355K | Reduce -19.1% |
| MSFT Microsoft Corp. | 0.32% | 836 | $352K | No change |
| PHYS Sprott Physical Gold Trust | 0.30% | 19,065 | $330K | Add +34.7% |
| XLE SS Energy Select Sector | 0.26% | 2,992 | $282K | Reduce -9.1% |
| BA The Boeing Co. | 0.22% | 1,227 | $237K | No change |
| LLY Eli Lilly & Co. | 0.20% | 286 | $222K | New |
| VOO Vanguard S&P 500 ETF | 0.20% | 453 | $218K | New |
| CPB The Campbell's Company filed as CAMPBELL SOUP CO | 0.19% | 4,709 | $209K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| TLT iShares 20+ Year Treasury BD | Reduce -44.4% | 3.41% | −3.36 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -0.7% | 16.61% | −1.01 |
| SLQD iShares 0-5 YR Inv GRD Corp. | Reduce -6.7% | 1.48% | −0.20 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -7.7% | 1.15% | −0.17 |
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -19.1% | 0.32% | −0.10 |
| IWN iShares Russell 2000 Value E | Reduce -13.5% | 0.48% | −0.09 |
| XLE SS Energy Select Sector | Reduce -9.1% | 0.26% | −0.01 |
| XLK SS Technology Select Sector | Reduce -0.5% | 3.64% | +0.07 |
Portfolio Buys Q4 2023 → Q1 2024
| IVV iShares Core S&P 500 ETF | Add +2.8% | 33.04% | +2.17 |
| IJS iShares S&P Small-Cap 600 Va | Add +115.2% | 2.67% | +1.35 |
| XBI SS SPDR S&P Biotech ETF | New | 0.55% | +0.55 |
| EQL CI Inv SP 500 Equ Weg Ind-Ui | New | 0.48% | +0.48 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +5.5% | 2.89% | +0.26 |
| RSP Invesco S&P 500 Equal Weight | Add +2.9% | 5.01% | +0.22 |
| LLY Eli Lilly & Co. | New | 0.20% | +0.20 |
| VOO Vanguard S&P 500 ETF | New | 0.20% | +0.20 |
| AGG iShares Core U.S. Aggregate | Add +31.4% | 0.83% | +0.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +12.2% | 0.68% | +0.14 |
| PHYS Sprott Physical Gold Trust | Add +34.7% | 0.30% | +0.08 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.8% | 2.56% | +0.08 |
| NTSX Wisdomtree US Efficient Core | Add +0.8% | 3.04% | +0.07 |
| NYF iShares New York Muni Bond E | Add +3.3% | 0.62% | −0.02 |
| PZT Invesco New York Amt-Free Mu | Add +2.9% | 0.62% | −0.02 |
| AAPL Apple Inc. | Add +0.0% | 0.52% | −0.10 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +1.1% | 14.56% | −0.60 |
Options Activity Q4 2023 → Q1 2024
| NOW ServiceNow Inc. | call | Sold out | 300 | $44Kbefore exit |
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 |