NDWM LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 5, 2025), NDWM LLC reported 31 stock positions worth $119.6 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 34.1% of the portfolio, followed by SS Spdrb B 3-12M T-Bill ETF (BILS, 13.7%) and SS SPDR S&P 500 ETF Trust-US (SPY, 9.7%). Compared with Q3 2024, it opened 2 new positions, sold out of 3, added to 10 and reduced 14. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +50%) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −31%).
- Most Recent 13F
- Q2 2026
- Location
- LA JOLLA, CA
- CIK
- 0001818386
- Portfolio Value
- $119.6M (Q4 2024)
- SEC Filing
- 0001085146-25-000799 ↗ filed Feb 5, 2025
Holdings Value
Holdings 31 stocks · $119.6M
| IVV iShares Core S&P 500 ETF | 34.07% | 69,247 | $40.8M | Reduce -1.0% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 13.68% | 165,048 | $16.4M | Reduce -10.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 9.72% | 19,834 | $11.6M | Add +50.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 9.31% | 121,819 | $11.1M | Reduce -30.6% |
| RSP Invesco S&P 500 Equal Weight | 5.21% | 35,608 | $6.2M | Add +0.7% |
| XLK SS Technology Select Sector | 3.42% | 17,572 | $4.1M | Reduce -5.7% |
| IJS iShares S&P Small-Cap 600 Va | 2.76% | 30,357 | $3.3M | Reduce -0.6% |
| QQQ Invesco QQQ Trust Series 1 | 2.46% | 5,765 | $2.9M | Reduce -5.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.22% | 5,867 | $2.7M | No change |
| NOW ServiceNow Inc. | 2.14% | 2,415 | $2.6M | No change |
| IJR iShares Core S&P Small-Cap E | 2.13% | 22,102 | $2.5M | Add +4.1% |
| EQL CI Inv SP 500 Equ Weg Ind-Ui | 1.63% | 15,529 | $1.9M | Reduce -0.2% |
| AGG iShares Core U.S. Aggregate | 1.32% | 16,244 | $1.6M | Add +30.0% |
| TSLA Tesla Inc. | 1.20% | 3,563 | $1.4M | Add +0.8% |
| SHY iShares 1-3 Year Treasury Bo | 1.20% | 17,533 | $1.4M | Reduce -16.9% |
| IBIT iShares Bitcoin Trust ETF | 1.03% | 23,269 | $1.2M | New |
| SLQD iShares 0-5 YR Inv GRD Corp. | 0.78% | 18,685 | $929K | Reduce -35.8% |
| GLD SPDR Gold Shares | 0.72% | 3,545 | $858K | Reduce -0.0% |
| AAPL Apple Inc. | 0.69% | 3,320 | $831K | Add +0.1% |
| CMF iShares California Muni Bond | 0.60% | 12,495 | $716K | Add +68.0% |
| NTSX Wisdomtree US Efficient Core | 0.59% | 15,045 | $702K | Add +0.0% |
| NYF iShares New York Muni Bond E | 0.56% | 12,583 | $670K | No change |
| PZT Invesco New York Amt-Free Mu | 0.56% | 29,390 | $667K | No change |
| IWN iShares Russell 2000 Value E | 0.32% | 2,362 | $388K | Reduce -18.2% |
| PHYS Sprott Physical Gold Trust | 0.32% | 19,065 | $384K | No change |
| MSFT Microsoft Corp. | 0.29% | 836 | $352K | Reduce -0.2% |
| VOO Vanguard S&P 500 ETF | 0.29% | 648 | $349K | Add +43.0% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.23% | 6,343 | $270K | Add +0.2% |
| XLE SS Energy Select Sector | 0.21% | 2,893 | $248K | Reduce -3.6% |
| BA The Boeing Co. | 0.18% | 1,227 | $217K | New |
| LLY Eli Lilly & Co. | 0.17% | 270 | $208K | Reduce -5.6% |
Portfolio Sells Q3 2024 → Q4 2024
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -30.6% | 9.31% | −3.97 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -10.5% | 13.68% | −1.46 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −0.43 |
| SLQD iShares 0-5 YR Inv GRD Corp. | Reduce -35.8% | 0.78% | −0.43 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -16.9% | 1.20% | −0.24 |
| CPB The Campbell's Company | Sold out | 0.00% | −0.19 |
| IEI iShares 3-7 Year Treasury Bo | Sold out | 0.00% | −0.18 |
| IWN iShares Russell 2000 Value E | Reduce -18.2% | 0.32% | −0.07 |
| XLK SS Technology Select Sector | Reduce -5.7% | 3.42% | −0.05 |
| LLY Eli Lilly & Co. | Reduce -5.6% | 0.17% | −0.03 |
| EQL CI Inv SP 500 Equ Weg Ind-Ui | Reduce -0.2% | 1.63% | −0.01 |
| XLE SS Energy Select Sector | Reduce -3.6% | 0.21% | −0.01 |
| MSFT Microsoft Corp. | Reduce -0.2% | 0.29% | −0.00 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -5.9% | 2.46% | −0.00 |
| GLD SPDR Gold Shares | Reduce -0.0% | 0.72% | +0.01 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -0.6% | 2.76% | +0.05 |
| IVV iShares Core S&P 500 ETF | Reduce -1.0% | 34.07% | +0.82 |
Portfolio Buys Q3 2024 → Q4 2024
| SPY SS SPDR S&P 500 ETF Trust-US | Add +50.4% | 9.72% | +3.48 |
| IBIT iShares Bitcoin Trust ETF | New | 1.03% | +1.03 |
| TSLA Tesla Inc. | Add +0.8% | 1.20% | +0.44 |
| AGG iShares Core U.S. Aggregate | Add +30.0% | 1.32% | +0.27 |
| CMF iShares California Muni Bond | Add +68.0% | 0.60% | +0.24 |
| BA The Boeing Co. | New | 0.18% | +0.18 |
| VOO Vanguard S&P 500 ETF | Add +43.0% | 0.29% | +0.09 |
| IJR iShares Core S&P Small-Cap E | Add +4.1% | 2.13% | +0.08 |
| AAPL Apple Inc. | Add +0.1% | 0.69% | +0.06 |
| NTSX Wisdomtree US Efficient Core | Add +0.0% | 0.59% | +0.00 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +0.2% | 0.23% | −0.00 |
| RSP Invesco S&P 500 Equal Weight | Add +0.7% | 5.21% | −0.01 |
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 |