Norden Group LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 30, 2024), Norden Group LLC reported 407 stock positions worth $492.3 million. Its top holding was Microsoft (MSFT) at 3.9% of the portfolio, followed by Amazon.com (AMZN, 3.1%) and Pgim Ultra Short Bond ETF (PULS, 2.7%). Compared with Q4 2023, it opened 155 new positions, sold out of 25, added to 226 and reduced 23. The biggest buy was Pgim Ultra Short Bond ETF (PULS, shares +415%) and the biggest sale iShares 0-5 Year Tips Bond E (STIP, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- PROVO, UT
- CIK
- 0001990699
- Portfolio Value
- $492.3M (Q1 2024)
- SEC Filing
- 0001990699-24-000003 ↗ filed Apr 30, 2024
Holdings Value
Holdings 407 stocks · $492.3M
| MSFT Microsoft Corp. | 3.91% | 45,769 | $19.3M | Add +18.8% |
| AMZN Amazon.com Inc. | 3.12% | 85,259 | $15.4M | Add +20.9% |
| PULS Pgim Ultra Short Bond ETF | 2.65% | 262,738 | $13.1M | Add +415.2% |
| JPST JPMorgan Ultra-Short Income | 2.59% | 252,915 | $12.8M | Add +15.7% |
| AAPL Apple Inc. | 2.09% | 60,021 | $10.3M | Add +10.8% |
| JNK SS SPDR BB High Yield Bond | 2.00% | 103,434 | $9.8M | New |
| NVDA Nvidia Corp. | 1.97% | 10,738 | $9.7M | Add +23.0% |
| IYF iShares US Financials ETF | 1.36% | 69,852 | $6.7M | New |
| IYJ iShares U.S. Industrials ETF | 1.33% | 52,213 | $6.6M | New |
| IYC iShares US Consumer Discreti | 1.32% | 79,383 | $6.5M | New |
| IYW iShares Ustechnology ETF | 1.31% | 47,727 | $6.4M | New |
| META Meta Platforms Inc. Class A | 1.21% | 12,293 | $6.0M | Add +172.3% |
| GOOG Alphabet Inc. Class C | 1.21% | 38,971 | $5.9M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.19% | 11,181 | $5.8M | Add +49.4% |
| NFLX Netflix Inc. | 1.06% | 8,616 | $5.2M | Add +19.3% |
| CSCO Cisco Systems Inc. | 1.06% | 104,420 | $5.2M | Add +53.3% |
| V Visa Inc. Class A | 1.01% | 17,870 | $5.0M | Add +38.4% |
| QQQ Invesco QQQ Trust Series 1 | 1.00% | 11,074 | $4.9M | Add +82.9% |
| MA Mastercard Inc. Class A | 0.98% | 10,052 | $4.8M | Add +25.6% |
| IVE iShares S&P 500 Value ETF | 0.98% | 25,811 | $4.8M | New |
| IVW iShares S&P 500 Growth ETF | 0.97% | 56,773 | $4.8M | New |
| GOOGL Alphabet Inc. Class A | 0.88% | 28,605 | $4.3M | Reduce -48.4% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.86% | 118,708 | $4.3M | Add +195.9% |
| ADBE Adobe Inc. | 0.86% | 8,354 | $4.2M | Reduce -22.1% |
| SHY iShares 1-3 Year Treasury Bo | 0.84% | 50,330 | $4.1M | New |
| NOW ServiceNow Inc. | 0.83% | 5,390 | $4.1M | Reduce -6.0% |
| ACN Accenture PLC Class A | 0.83% | 11,849 | $4.1M | Add +24.9% |
| CRM Salesforce Inc. | 0.82% | 13,471 | $4.1M | Add +16.8% |
| TXN Texas Instruments Inc. | 0.81% | 22,940 | $4.0M | Add +315.6% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.78% | 29,905 | $3.8M | Add +16.0% |
| JPM JPMorgan Chase & Co. | 0.77% | 18,869 | $3.8M | New |
| NET Cloudflare Inc. Class A | 0.77% | 38,990 | $3.8M | New |
| AMGN Amgen Inc. | 0.72% | 12,445 | $3.5M | Add +72.2% |
| LRCX Lam Research Corp. | 0.70% | 3,554 | $3.5M | Add +461.4% |
| ABT Abbott Laboratories | 0.68% | 29,535 | $3.4M | Add +44.6% |
| XOM Exxon Mobil Corp. | 0.62% | 26,383 | $3.1M | Add +83.4% |
| ABNB Airbnb Inc. Class A | 0.62% | 18,511 | $3.1M | Add +18.5% |
| TMO Thermo Fisher Scientific Inc. | 0.60% | 5,086 | $3.0M | Add +76.7% |
| CORT Corcept Therapeutics Inc. | 0.60% | 116,850 | $2.9M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.54% | 6,289 | $2.6M | Add +6.4% |
| UNH Unitedhealth Group Inc. | 0.53% | 5,260 | $2.6M | Add +19.3% |
| HD Home Depot Inc. | 0.52% | 6,666 | $2.6M | Add +11.8% |
| ADSK Autodesk Inc. | 0.52% | 9,776 | $2.5M | Add +20.1% |
| PG The Procter & Gamble Co. | 0.51% | 15,496 | $2.5M | Add +64.2% |
| PBR Petroleo Brasileiro-Spon ADR | 0.50% | 162,050 | $2.5M | Add +97.5% |
| EXPE Expedia Group Inc. | 0.49% | 17,482 | $2.4M | New |
| QCOM Qualcomm Inc. | 0.48% | 13,830 | $2.3M | Add +33.3% |
| TLT iShares 20+ Year Treasury BD | 0.46% | 24,022 | $2.3M | New |
| VALE Vale SA-SP ADR | 0.46% | 185,612 | $2.3M | Add +125.0% |
| RYAN Ryan Specialty Holdings Inc. | 0.46% | 40,686 | $2.3M | Add +16.9% |
| CVX Chevron Corp. | 0.45% | 14,031 | $2.2M | Add +74.4% |
| JNJ Johnson & Johnson | 0.45% | 13,948 | $2.2M | Add +54.1% |
| SPSC SPS Commerce Inc. | 0.44% | 11,700 | $2.2M | Add +18.0% |
| VZ Verizon Communications Inc. | 0.43% | 50,629 | $2.1M | Add +44.0% |
| AVGO Broadcom Inc. | 0.42% | 1,577 | $2.1M | Add +40.2% |
| MORN Morningstar Inc. | 0.42% | 6,752 | $2.1M | Add +70.5% |
| NKE Nike Inc. Class B | 0.42% | 21,820 | $2.1M | Add +33.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.41% | 53,029 | $2.0M | Add +29.5% |
| ZTS Zoetis Inc. | 0.41% | 11,845 | $2.0M | Add +83.1% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.39% | 26,247 | $1.9M | New |
| WFC Wells Fargo & Co. | 0.39% | 32,903 | $1.9M | Add +24.9% |
| MRK Merck & Co. Inc. | 0.38% | 14,332 | $1.9M | Add +16.9% |
| TSLA Tesla Inc. | 0.38% | 10,645 | $1.9M | Add +43.3% |
| MDT Medtronic PLC | 0.36% | 20,534 | $1.8M | Add +12.4% |
| PM Philip Morris International | 0.36% | 19,337 | $1.8M | Add +44.7% |
| COST Costco Wholesale Corp. | 0.36% | 2,418 | $1.8M | Add +35.3% |
| KO The Coca-Cola Co. | 0.36% | 28,892 | $1.8M | Add +48.8% |
| IT Gartner Inc. | 0.34% | 3,562 | $1.7M | Add +33.5% |
| RTX RTX Corp. | 0.34% | 17,144 | $1.7M | Add +10.5% |
| LLY Eli Lilly & Co. | 0.32% | 2,053 | $1.6M | Add +22.1% |
| WDAY Workday Inc. Class A | 0.32% | 5,844 | $1.6M | Add +27.9% |
| RUN Sunrun Inc. | 0.32% | 119,634 | $1.6M | Add +1.2% |
| ENTG Entegris Inc. | 0.32% | 11,153 | $1.6M | Add +14.4% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.31% | 30,644 | $1.5M | New |
| AAON Aaon Inc. | 0.30% | 16,847 | $1.5M | Add +49.1% |
| ABBV Abbvie Inc. | 0.30% | 8,149 | $1.5M | Add +25.8% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.30% | 24,117 | $1.5M | New |
| GOVT iShares US Treasury Bond ETF | 0.30% | 63,875 | $1.5M | New |
| FIX Comfort Systems USA Inc. | 0.30% | 4,578 | $1.5M | Add +12.6% |
| EMB iShares JP Morgan Usd Emergi | 0.29% | 16,039 | $1.4M | New |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.29% | 18,409 | $1.4M | New |
| MCD McDonald's Corp. | 0.29% | 5,064 | $1.4M | Add +31.7% |
| LOW Lowe's Cos Inc. | 0.29% | 5,584 | $1.4M | Add +36.2% |
| POOL Pool Corp. | 0.29% | 3,503 | $1.4M | Add +23.7% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.28% | 32,547 | $1.4M | New |
| AMAT Applied Materials Inc. | 0.28% | 6,654 | $1.4M | Add +59.3% |
| COO The Cooper Cos Inc. | 0.28% | 13,493 | $1.4M | Add +31.5% |
| PEP Pepsico Inc. | 0.28% | 7,740 | $1.4M | Add +48.7% |
| NVT Nvent Electric PLC | 0.26% | 17,158 | $1.3M | Add +17.8% |
| WSM Williams-Sonoma Inc. | 0.26% | 4,033 | $1.3M | Add +42.9% |
| FDS Factset Research Systems Inc. | 0.25% | 2,673 | $1.2M | Add +13.7% |
| T AT&T Inc. | 0.24% | 68,267 | $1.2M | Add +49.1% |
| STE Steris PLC | 0.24% | 5,327 | $1.2M | Add +15.5% |
| GD General Dynamics Corp. | 0.24% | 4,172 | $1.2M | Reduce -32.3% |
| CPRT Copart Inc. | 0.24% | 20,239 | $1.2M | Add +14.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.24% | 9,537 | $1.2M | Add +4.8% |
| EFA iShares MSCI Eafe ETF | 0.24% | 14,613 | $1.2M | New |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.24% | 15,342 | $1.2M | Add +20.5% |
| SPMB SS SPDR P Mort Back Bond ETF | 0.24% | 53,404 | $1.2M | New |
| C Citigroup Inc. | 0.24% | 18,304 | $1.2M | Add +43.6% |
Portfolio Sells Q4 2023 → Q1 2024
| STIP iShares 0-5 Year Tips Bond E | Reduce -99.9% | 0.05% | −33.46 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Sold out | 0.00% | −17.90 |
| VXF Vanguard Extended Market ETF | Sold out | 0.00% | −2.05 |
| AMJ JPMorgan Alerian MLP Index | Sold out | 0.00% | −1.15 |
| GOOGL Alphabet Inc. Class A | Reduce -48.4% | 0.88% | −0.46 |
| ADBE Adobe Inc. | Reduce -22.1% | 0.86% | −0.24 |
| PYPL PayPal Holdings Inc. | Reduce -85.3% | 0.06% | −0.24 |
| BP BP PLC-Spons ADR | Sold out | 0.00% | −0.21 |
| GILD Gilead Sciences Inc. | Reduce -55.5% | 0.18% | −0.20 |
| ODFL Old Dominion Freight Line | Reduce -78.3% | 0.07% | −0.18 |
| XLC SS Comm Select Sector SPDR | Sold out | 0.00% | −0.17 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -57.0% | 0.13% | −0.13 |
| EJAN Innovator Emerging Markets P | Sold out | 0.00% | −0.12 |
| MKTX Marketaxess Holdings Inc. | Sold out | 0.00% | −0.11 |
| XONE Bondbloxx BBG 1 Dur US Treas | Sold out | 0.00% | −0.11 |
| WSO.B Watsco Inc. Class B | Sold out | 0.00% | −0.11 |
| BIZD Vaneck BDC Income ETF | Reduce -8.4% | 0.05% | −0.08 |
| BILL Bill Holdings Inc. | Sold out | 0.00% | −0.07 |
| EXPO Exponent Inc. | Sold out | 0.00% | −0.06 |
| MVV Proshares Ultra MIDCAP400 | Sold out | 0.00% | −0.06 |
| DIOD Diodes Inc. | Sold out | 0.00% | −0.05 |
| SUI Sun Communities Inc. | Sold out | 0.00% | −0.05 |
| MEDP Medpace Holdings Inc. | Reduce -46.8% | 0.22% | −0.05 |
| USFR Wisdomtree Floating Rate Tre | Sold out | 0.00% | −0.05 |
| SCHF Schwab Intl Equity ETF | Sold out | 0.00% | −0.04 |
| PZZA Papa John's Intl Inc. | Sold out | 0.00% | −0.04 |
| VANGUARD WHITEHALL FDS | Sold out | 0.00% | −0.04 |
| DRI Darden Restaurants Inc. | Reduce -33.2% | 0.15% | −0.04 |
| IFF Intl Flavors & Fragrances | Sold out | 0.00% | −0.04 |
| GD General Dynamics Corp. | Reduce -32.3% | 0.24% | −0.04 |
| AUGX Augmedix Inc. | Sold out | 0.00% | −0.01 |
| MDY State Street SPDR S&P Midcap | Reduce -31.2% | 0.08% | −0.01 |
| MMM 3M Co. | Reduce -22.4% | 0.07% | −0.01 |
| UNITED STS NAT GAS FD LP | Sold out | 0.00% | −0.01 |
| DEO Diageo PLC-Sponsored ADR | Reduce -23.8% | 0.08% | −0.01 |
| TRAEGER INC | Sold out | 0.00% | −0.01 |
| PAYS Paysign Inc. | Sold out | 0.00% | −0.01 |
| LGVN Longeveron Inc. | Sold out | 0.00% | −0.00 |
| STREAMLINE HEALTH SOLUTIONS | Sold out | 0.00% | −0.00 |
| ATEC Alphatec Holdings Inc. | Reduce -7.3% | 0.10% | −0.00 |
| QLYS Qualys Inc. | Reduce -0.2% | 0.15% | +0.00 |
| SBUX Starbucks Corp. | Reduce -4.7% | 0.17% | +0.01 |
| BDX Becton Dickinson and Co. | Reduce -6.1% | 0.11% | +0.01 |
| IBKR Interactive Brokers Gro Class A | Reduce -24.3% | 0.13% | +0.02 |
| UL Unilever PLC | Reduce -0.0% | 0.18% | +0.03 |
| SAIA Saia Inc. | Reduce -3.0% | 0.18% | +0.06 |
| EME Emcor Group Inc. | Reduce -8.0% | 0.21% | +0.09 |
| NOW ServiceNow Inc. | Reduce -6.0% | 0.83% | +0.14 |
Portfolio Buys Q4 2023 → Q1 2024
| PULS Pgim Ultra Short Bond ETF | Add +415.2% | 2.65% | +2.22 |
| JNK SS SPDR BB High Yield Bond | New | 2.00% | +2.00 |
| MSFT Microsoft Corp. | Add +18.8% | 3.91% | +1.42 |
| IYF iShares US Financials ETF | New | 1.36% | +1.36 |
| IYJ iShares U.S. Industrials ETF | New | 1.33% | +1.33 |
| IYC iShares US Consumer Discreti | New | 1.32% | +1.32 |
| IYW iShares Ustechnology ETF | New | 1.31% | +1.31 |
| AMZN Amazon.com Inc. | Add +20.9% | 3.12% | +1.28 |
| NVDA Nvidia Corp. | Add +23.0% | 1.97% | +1.23 |
| GOOG Alphabet Inc. Class C | New | 1.21% | +1.21 |
| IVE iShares S&P 500 Value ETF | New | 0.98% | +0.98 |
| IVW iShares S&P 500 Growth ETF | New | 0.97% | +0.97 |
| META Meta Platforms Inc. Class A | Add +172.3% | 1.21% | +0.94 |
| SHY iShares 1-3 Year Treasury Bo | New | 0.84% | +0.84 |
| JPM JPMorgan Chase & Co. | New | 0.77% | +0.77 |
| NET Cloudflare Inc. Class A | New | 0.77% | +0.77 |
| JPST JPMorgan Ultra-Short Income | Add +15.7% | 2.59% | +0.70 |
| TXN Texas Instruments Inc. | Add +315.6% | 0.81% | +0.65 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +195.9% | 0.86% | +0.63 |
| LRCX Lam Research Corp. | Add +461.4% | 0.70% | +0.62 |
| CORT Corcept Therapeutics Inc. | New | 0.60% | +0.60 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +49.4% | 1.19% | +0.58 |
| QQQ Invesco QQQ Trust Series 1 | Add +82.9% | 1.00% | +0.57 |
| EXPE Expedia Group Inc. | New | 0.49% | +0.49 |
| CSCO Cisco Systems Inc. | Add +53.3% | 1.06% | +0.47 |
| TLT iShares 20+ Year Treasury BD | New | 0.46% | +0.46 |
| NFLX Netflix Inc. | Add +19.3% | 1.06% | +0.46 |
| V Visa Inc. Class A | Add +38.4% | 1.01% | +0.43 |
| MA Mastercard Inc. Class A | Add +25.6% | 0.98% | +0.40 |
| SPYG SS SPDR P S&P 500 Growth ETF | New | 0.39% | +0.39 |
| XOM Exxon Mobil Corp. | Add +83.4% | 0.62% | +0.38 |
| AMGN Amgen Inc. | Add +72.2% | 0.72% | +0.36 |
| TMO Thermo Fisher Scientific Inc. | Add +76.7% | 0.60% | +0.34 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +16.0% | 0.78% | +0.32 |
| SPYV SS SPDR P S&P 500 Value ETF | New | 0.31% | +0.31 |
| CRM Salesforce Inc. | Add +16.8% | 0.82% | +0.30 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.30% | +0.30 |
| GOVT iShares US Treasury Bond ETF | New | 0.30% | +0.30 |
| ABT Abbott Laboratories | Add +44.6% | 0.68% | +0.29 |
| AAPL Apple Inc. | Add +10.8% | 2.09% | +0.29 |
| EMB iShares JP Morgan Usd Emergi | New | 0.29% | +0.29 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | New | 0.29% | +0.29 |
| SHYG iShares 0-5 YR HY Corp. Bond | New | 0.28% | +0.28 |
| PBR Petroleo Brasileiro-Spon ADR | Add +97.5% | 0.50% | +0.28 |
| PG The Procter & Gamble Co. | Add +64.2% | 0.51% | +0.27 |
| ACN Accenture PLC Class A | Add +24.9% | 0.83% | +0.26 |
| ABNB Airbnb Inc. Class A | Add +18.5% | 0.62% | +0.25 |
| CVX Chevron Corp. | Add +74.4% | 0.45% | +0.24 |
| EFA iShares MSCI Eafe ETF | New | 0.24% | +0.24 |
| SPMB SS SPDR P Mort Back Bond ETF | New | 0.24% | +0.24 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 701 | $1.2B | AAPL, NVDA, PAAA, MSFT, GOOGL |
| Q1 2026 | 615 | $1.0B | PAAA, AAPL, NVDA, MSFT, AMZN |
| Q4 2025 | 605 | $1.0B | PAAA, AAPL, NVDA, MSFT, AMZN |
| Q3 2025 | 573 | $984.2M | PAAA, NVDA, MSFT, AAPL, AMZN |
| Q2 2025 | 555 | $921.2M | PAAA, MSFT, NVDA, AAPL, AMZN |
| Q1 2025 | 531 | $868.9M | PAAA, SPY, JPST, AAPL, MSFT |
| Q4 2024 | 526 | $884.2M | PAAA, AAPL, JAAA, MSFT, JPST |
| Q3 2024 | 510 | $847.3M | AAPL, MSFT, JPST, PAAA, SNOW |
| Q2 2024 | 404 | $494.8M | MSFT, NVDA, AMZN, AAPL, JPST |
| Q1 2024Amended | 407 | $492.3M | MSFT, AMZN, PULS, JPST, AAPL |