NDWM LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 27, 2026), NDWM LLC reported 37 stock positions worth $154.2 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 27.5% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 8.6%) and iShares Core U.S. Aggregate (AGG, 7.7%). Compared with Q4 2025, it opened 5 new positions, sold out of 1, added to 14 and reduced 15. The biggest buy was Invesco S&P 500 Equal Weight (RSP, shares +196%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −75%).
- Most Recent 13F
- Q2 2026
- Location
- LA JOLLA, CA
- CIK
- 0001818386
- Portfolio Value
- $154.2M (Q1 2026)
- SEC Filing
- 0001818386-26-000002 ↗ filed Apr 27, 2026
Holdings Value
Holdings 37 stocks · $154.2M
| IVV iShares Core S&P 500 ETF | 27.48% | 64,866 | $42.4M | Reduce -4.7% |
| RSP Invesco S&P 500 Equal Weight | 8.64% | 69,422 | $13.3M | Add +196.4% |
| AGG iShares Core U.S. Aggregate | 7.67% | 119,130 | $11.8M | Add +269.9% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 7.23% | 112,096 | $11.1M | Reduce -19.9% |
| GLD SPDR Gold Shares | 6.03% | 21,594 | $9.3M | Add +6.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.69% | 11,118 | $7.2M | Reduce -74.8% |
| SLQD iShares 0-5 YR Inv GRD Corp. | 4.21% | 128,722 | $6.5M | Add +258.6% |
| CMF iShares California Muni Bond | 3.34% | 90,580 | $5.2M | Add +12.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.81% | 47,203 | $4.3M | Reduce -43.5% |
| CALI Ishrs SH-TRM Ca Muni Act ETF | 2.74% | 83,830 | $4.2M | Add +28.9% |
| EEM iShares MSCI Emerging Market | 2.70% | 73,283 | $4.2M | Add +27.3% |
| VTEC Vanguard Ca Tax-Ex Bond | 2.69% | 41,802 | $4.1M | Add +19.0% |
| ACWX iShares MSCI Acwi Ex US ETF | 2.68% | 60,300 | $4.1M | New |
| VLUE iShares MSCI USA Value Facto | 2.33% | 25,280 | $3.6M | New |
| IWM iShares Russell 2000 ETF | 2.33% | 14,480 | $3.6M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 1.54% | 4,969 | $2.4M | Reduce -8.0% |
| MUB iShares National Muni Bond E | 1.37% | 19,929 | $2.1M | Add +11.6% |
| SUB iShares Short-Term National | 1.36% | 19,663 | $2.1M | Add +3.6% |
| XLK SS Technology Select Sector | 1.25% | 14,466 | $1.9M | Reduce -3.2% |
| SHY iShares 1-3 Year Treasury Bo | 0.81% | 15,107 | $1.2M | Reduce -4.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.77% | 2,056 | $1.2M | Reduce -4.2% |
| TSLA Tesla Inc. | 0.76% | 3,138 | $1.2M | Reduce -2.3% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.70% | 25,691 | $1.1M | Add +2.9% |
| NOW ServiceNow Inc. | 0.69% | 10,104 | $1.1M | Reduce -14.0% |
| AAPL Apple Inc. | 0.58% | 3,532 | $896K | Reduce -1.6% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.46% | 15,633 | $712K | Add +29.4% |
| NTSX Wisdomtree US Efficient Core | 0.40% | 11,948 | $623K | Reduce -2.9% |
| IEI iShares 3-7 Year Treasury Bo | 0.29% | 3,765 | $446K | Add +0.2% |
| D Dominion Energy Inc. | 0.22% | 5,500 | $340K | No change |
| GOOGL Alphabet Inc. Class A | 0.18% | 990 | $285K | Add +16.5% |
| CAT Caterpillar Inc. | 0.18% | 392 | $278K | No change |
| MSFT Microsoft Corp. | 0.17% | 723 | $268K | Reduce -13.2% |
| BA The Boeing Co. | 0.16% | 1,227 | $244K | No change |
| XLE SS Energy Select Sector | 0.15% | 3,810 | $233K | New |
| LLY Eli Lilly & Co. | 0.14% | 227 | $209K | Reduce -15.9% |
| PHYS Sprott Physical Gold Trust | 0.13% | 5,871 | $208K | New |
| META Meta Platforms Inc. Class A | 0.13% | 354 | $203K | Reduce -39.5% |
Options reported separately and not counted above: AAPL calls ($3K).
Portfolio Sells Q4 2025 → Q1 2026
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -74.8% | 4.69% | −15.21 |
| IVV iShares Core S&P 500 ETF | Reduce -4.7% | 27.48% | −3.37 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -43.5% | 2.81% | −2.25 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -19.9% | 7.23% | −1.95 |
| NOW ServiceNow Inc. | Reduce -14.0% | 0.69% | −0.51 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -8.0% | 1.54% | −0.25 |
| TSLA Tesla Inc. | Reduce -2.3% | 0.76% | −0.20 |
| XLK SS Technology Select Sector | Reduce -3.2% | 1.25% | −0.18 |
| IYW iShares Ustechnology ETF | Sold out | 0.00% | −0.14 |
| META Meta Platforms Inc. Class A | Reduce -39.5% | 0.13% | −0.12 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -4.2% | 0.77% | −0.10 |
| MSFT Microsoft Corp. | Reduce -13.2% | 0.17% | −0.09 |
| AAPL Apple Inc. | Reduce -1.6% | 0.58% | −0.06 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -4.6% | 0.81% | −0.06 |
| LLY Eli Lilly & Co. | Reduce -15.9% | 0.14% | −0.06 |
| NTSX Wisdomtree US Efficient Core | Reduce -2.9% | 0.40% | −0.04 |
Portfolio Buys Q4 2025 → Q1 2026
| RSP Invesco S&P 500 Equal Weight | Add +196.4% | 8.64% | +5.67 |
| AGG iShares Core U.S. Aggregate | Add +269.9% | 7.67% | +5.54 |
| SLQD iShares 0-5 YR Inv GRD Corp. | Add +258.6% | 4.21% | +3.01 |
| ACWX iShares MSCI Acwi Ex US ETF | New | 2.68% | +2.68 |
| VLUE iShares MSCI USA Value Facto | New | 2.33% | +2.33 |
| IWM iShares Russell 2000 ETF | New | 2.33% | +2.33 |
| GLD SPDR Gold Shares | Add +6.1% | 6.03% | +0.69 |
| EEM iShares MSCI Emerging Market | Add +27.3% | 2.70% | +0.61 |
| CALI Ishrs SH-TRM Ca Muni Act ETF | Add +28.9% | 2.74% | +0.57 |
| VTEC Vanguard Ca Tax-Ex Bond | Add +19.0% | 2.69% | +0.35 |
| CMF iShares California Muni Bond | Add +12.2% | 3.34% | +0.27 |
| XLE SS Energy Select Sector | New | 0.15% | +0.15 |
| PHYS Sprott Physical Gold Trust | New | 0.13% | +0.13 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Add +29.4% | 0.46% | +0.12 |
| MUB iShares National Muni Bond E | Add +11.6% | 1.37% | +0.11 |
| SUB iShares Short-Term National | Add +3.6% | 1.36% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +16.5% | 0.18% | +0.01 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +2.9% | 0.70% | −0.00 |
| IEI iShares 3-7 Year Treasury Bo | Add +0.2% | 0.29% | −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 |