Norden Group LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 6, 2024), Norden Group LLC reported 404 stock positions worth $494.8 million. Its top holding was Microsoft (MSFT) at 4.1% of the portfolio, followed by Nvidia (NVDA, 3.1%) and Amazon.com (AMZN, 2.9%). Compared with Q1 2024, it opened 34 new positions, sold out of 37, added to 156 and reduced 202. The biggest buy was Nvidia (NVDA, shares +16%) and the biggest sale an exit from iShares S&P 500 Value ETF (IVE).
- Most Recent 13F
- Q2 2026
- Location
- PROVO, UT
- CIK
- 0001990699
- Portfolio Value
- $494.8M (Q2 2024)
- SEC Filing
- 0001990699-24-000004 ↗ filed Aug 6, 2024
Holdings Value
Holdings 404 stocks · $494.8M
| MSFT Microsoft Corp. | 4.11% | 45,479 | $20.3M | Reduce -0.6% |
| NVDA Nvidia Corp. | 3.10% | 124,051 | $15.3M | Add +15.5% |
| AMZN Amazon.com Inc. | 2.91% | 74,519 | $14.4M | Reduce -12.6% |
| AAPL Apple Inc. | 2.87% | 67,460 | $14.2M | Add +12.4% |
| JPST JPMorgan Ultra-Short Income | 2.12% | 208,063 | $10.5M | Reduce -17.7% |
| PULS Pgim Ultra Short Bond ETF | 2.05% | 203,851 | $10.1M | Reduce -22.4% |
| JNK SS SPDR BB High Yield Bond | 1.69% | 88,572 | $8.3M | Reduce -14.4% |
| IYW iShares Ustechnology ETF | 1.66% | 54,427 | $8.2M | Add +14.0% |
| IYF iShares US Financials ETF | 1.52% | 79,689 | $7.5M | Add +14.1% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.49% | 51,772 | $7.4M | Add +73.1% |
| IYJ iShares U.S. Industrials ETF | 1.47% | 61,080 | $7.3M | Add +17.0% |
| IDU iShares US Utilities ETF | 1.45% | 81,562 | $7.2M | Add +2.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.40% | 12,707 | $6.9M | Add +13.7% |
| GOOG Alphabet Inc. Class C | 1.34% | 36,237 | $6.6M | Reduce -7.0% |
| QQQ Invesco QQQ Trust Series 1 | 1.28% | 13,198 | $6.3M | Add +19.2% |
| IVW iShares S&P 500 Growth ETF | 1.24% | 66,499 | $6.2M | Add +17.1% |
| MDY State Street SPDR S&P Midcap | 1.16% | 10,691 | $5.7M | Add +1362.5% |
| IJK iShares S&P Mid-Cap 400 Grow | 1.11% | 62,362 | $5.5M | New |
| CSCO Cisco Systems Inc. | 1.08% | 112,408 | $5.3M | Add +7.7% |
| TXN Texas Instruments Inc. | 1.06% | 27,041 | $5.3M | Add +17.9% |
| GOOGL Alphabet Inc. Class A | 1.05% | 28,403 | $5.2M | Reduce -0.7% |
| LRCX Lam Research Corp. | 0.90% | 4,194 | $4.5M | Add +18.0% |
| V Visa Inc. Class A | 0.89% | 16,818 | $4.4M | Reduce -5.9% |
| CORT Corcept Therapeutics Inc. | 0.89% | 135,326 | $4.4M | Add +15.8% |
| NFLX Netflix Inc. | 0.85% | 6,209 | $4.2M | Reduce -27.9% |
| ADBE Adobe Inc. | 0.84% | 7,439 | $4.1M | Reduce -10.9% |
| MA Mastercard Inc. Class A | 0.82% | 9,247 | $4.1M | Reduce -8.0% |
| META Meta Platforms Inc. Class A | 0.81% | 7,940 | $4.0M | Reduce -35.4% |
| XOM Exxon Mobil Corp. | 0.78% | 33,451 | $3.9M | Add +26.8% |
| NOW ServiceNow Inc. | 0.74% | 4,674 | $3.7M | Reduce -13.3% |
| SHY iShares 1-3 Year Treasury Bo | 0.71% | 43,267 | $3.5M | Reduce -14.0% |
| JPM JPMorgan Chase & Co. | 0.69% | 16,756 | $3.4M | Reduce -11.2% |
| EQNR Equinor ASA-Spon ADR | 0.68% | 118,637 | $3.4M | New |
| MCK McKesson Corp. | 0.68% | 5,775 | $3.4M | New |
| NET Cloudflare Inc. Class A | 0.65% | 39,051 | $3.2M | Add +0.2% |
| UNH Unitedhealth Group Inc. | 0.63% | 6,080 | $3.1M | Add +15.6% |
| CRM Salesforce Inc. | 0.62% | 12,007 | $3.1M | Reduce -10.9% |
| ACN Accenture PLC Class A | 0.60% | 9,799 | $3.0M | Reduce -17.3% |
| PBR Petroleo Brasileiro-Spon ADR | 0.59% | 202,228 | $2.9M | Add +24.8% |
| AVGO Broadcom Inc. | 0.58% | 1,779 | $2.9M | Add +12.8% |
| VALE Vale SA-SP ADR | 0.56% | 246,314 | $2.8M | Add +32.7% |
| CVX Chevron Corp. | 0.52% | 16,308 | $2.6M | Add +16.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.51% | 6,251 | $2.5M | Reduce -0.6% |
| TSLA Tesla Inc. | 0.51% | 12,660 | $2.5M | Add +18.9% |
| PG The Procter & Gamble Co. | 0.50% | 14,964 | $2.5M | Reduce -3.4% |
| QCOM Qualcomm Inc. | 0.49% | 12,196 | $2.4M | Reduce -11.8% |
| ABNB Airbnb Inc. Class A | 0.49% | 15,994 | $2.4M | Reduce -13.6% |
| ABT Abbott Laboratories | 0.49% | 23,172 | $2.4M | Reduce -21.5% |
| TMO Thermo Fisher Scientific Inc. | 0.48% | 4,295 | $2.4M | Reduce -15.6% |
| PM Philip Morris International | 0.45% | 22,064 | $2.2M | Add +14.1% |
| COST Costco Wholesale Corp. | 0.44% | 2,584 | $2.2M | Add +6.9% |
| HD Home Depot Inc. | 0.43% | 6,223 | $2.1M | Reduce -6.7% |
| SPSC SPS Commerce Inc. | 0.43% | 11,252 | $2.1M | Reduce -3.8% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.41% | 25,517 | $2.0M | Reduce -2.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.41% | 50,836 | $2.0M | Reduce -4.1% |
| VZ Verizon Communications Inc. | 0.40% | 47,421 | $2.0M | Reduce -6.3% |
| WFC Wells Fargo & Co. | 0.39% | 32,516 | $1.9M | Reduce -1.2% |
| KO The Coca-Cola Co. | 0.38% | 29,820 | $1.9M | Add +3.2% |
| LLY Eli Lilly & Co. | 0.38% | 2,080 | $1.9M | Add +1.3% |
| MRK Merck & Co. Inc. | 0.38% | 15,176 | $1.9M | Add +5.9% |
| MORN Morningstar Inc. | 0.37% | 6,210 | $1.8M | Reduce -8.0% |
| JNJ Johnson & Johnson | 0.37% | 12,375 | $1.8M | Reduce -11.3% |
| FIX Comfort Systems USA Inc. | 0.36% | 5,893 | $1.8M | Add +28.7% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.34% | 48,078 | $1.7M | Reduce -59.5% |
| ZTS Zoetis Inc. | 0.33% | 9,383 | $1.6M | Reduce -20.8% |
| AMAT Applied Materials Inc. | 0.33% | 6,883 | $1.6M | Add +3.4% |
| ENTG Entegris Inc. | 0.32% | 11,759 | $1.6M | Add +5.4% |
| RUN Sunrun Inc. | 0.32% | 133,186 | $1.6M | Add +11.3% |
| RYAN Ryan Specialty Holdings Inc. | 0.32% | 26,999 | $1.6M | Reduce -33.6% |
| TIP iShares Tips Bond ETF | 0.31% | 14,261 | $1.5M | Add +494.7% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.31% | 23,735 | $1.5M | Reduce -1.6% |
| ELF Elf Beauty Inc. | 0.31% | 7,202 | $1.5M | Add +27.0% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.31% | 31,122 | $1.5M | Add +1.6% |
| NKE Nike Inc. Class B | 0.31% | 20,109 | $1.5M | Reduce -7.8% |
| ABBV Abbvie Inc. | 0.30% | 8,660 | $1.5M | Add +6.3% |
| RTX RTX Corp. | 0.30% | 14,658 | $1.5M | Reduce -14.5% |
| IT Gartner Inc. | 0.29% | 3,227 | $1.4M | Reduce -9.4% |
| MEDP Medpace Holdings Inc. | 0.28% | 3,371 | $1.4M | Add +26.3% |
| NVT Nvent Electric PLC | 0.27% | 17,614 | $1.3M | Add +2.7% |
| OLLI Ollie's Bargain Outlet Holdi | 0.27% | 13,480 | $1.3M | Add +82.1% |
| PEP Pepsico Inc. | 0.26% | 7,920 | $1.3M | Add +2.3% |
| PFE Pfizer Inc. | 0.26% | 46,330 | $1.3M | Add +52.7% |
| PAAA Pgim Aaa Clo ETF | 0.26% | 25,344 | $1.3M | New |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.25% | 16,335 | $1.3M | Reduce -11.3% |
| EMB iShares JP Morgan Usd Emergi | 0.25% | 14,219 | $1.3M | Reduce -11.3% |
| TSCO Tractor Supply Company | 0.25% | 4,640 | $1.3M | Add +24.4% |
| MDT Medtronic PLC | 0.25% | 15,875 | $1.2M | Reduce -22.7% |
| LOW Lowe's Cos Inc. | 0.25% | 5,502 | $1.2M | Reduce -1.5% |
| CYBR Cyberark Software Ltd./Israel | 0.24% | 4,405 | $1.2M | Add +28.5% |
| T AT&T Inc. | 0.24% | 62,420 | $1.2M | Reduce -8.6% |
| ORCL Oracle Corp. | 0.24% | 8,310 | $1.2M | Reduce -8.0% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.23% | 13,194 | $1.2M | Reduce -14.0% |
| AMD Advanced Micro Devices | 0.23% | 7,126 | $1.2M | Add +23.9% |
| STE Steris PLC | 0.23% | 5,175 | $1.1M | Reduce -2.9% |
| BKNG Booking Holdings Inc. | 0.23% | 283 | $1.1M | Reduce -3.7% |
| IVV iShares Core S&P 500 ETF | 0.23% | 2,039 | $1.1M | Add +6.0% |
| COO The Cooper Cos Inc. | 0.22% | 12,678 | $1.1M | Reduce -6.0% |
| C Citigroup Inc. | 0.22% | 17,438 | $1.1M | Reduce -4.7% |
| WMT Walmart Inc. | 0.22% | 16,329 | $1.1M | Reduce -1.5% |
| AAON Aaon Inc. | 0.22% | 12,569 | $1.1M | Reduce -25.4% |
Portfolio Sells Q1 2024 → Q2 2024
| IVE iShares S&P 500 Value ETF | Sold out | 0.00% | −0.98 |
| PULS Pgim Ultra Short Bond ETF | Reduce -22.4% | 2.05% | −0.60 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -59.5% | 0.34% | −0.52 |
| AMGN Amgen Inc. | Reduce -74.9% | 0.20% | −0.52 |
| EXPE Expedia Group Inc. | Sold out | 0.00% | −0.49 |
| JPST JPMorgan Ultra-Short Income | Reduce -17.7% | 2.12% | −0.47 |
| META Meta Platforms Inc. Class A | Reduce -35.4% | 0.81% | −0.40 |
| TLT iShares 20+ Year Treasury BD | Reduce -72.5% | 0.12% | −0.34 |
| ADSK Autodesk Inc. | Reduce -62.0% | 0.19% | −0.33 |
| JNK SS SPDR BB High Yield Bond | Reduce -14.4% | 1.69% | −0.31 |
| ACN Accenture PLC Class A | Reduce -17.3% | 0.60% | −0.23 |
| NFLX Netflix Inc. | Reduce -27.9% | 0.85% | −0.22 |
| AMZN Amazon.com Inc. | Reduce -12.6% | 2.91% | −0.21 |
| DV Doubleverify Holdings Inc. | Sold out | 0.00% | −0.21 |
| CRM Salesforce Inc. | Reduce -10.9% | 0.62% | −0.20 |
| ABT Abbott Laboratories | Reduce -21.5% | 0.49% | −0.20 |
| MDYV SS SPDR S&P 400 MC Val ETF | Sold out | 0.00% | −0.16 |
| MA Mastercard Inc. Class A | Reduce -8.0% | 0.82% | −0.16 |
| DGRW Wisdomtree U.S. Quality Divi | Sold out | 0.00% | −0.15 |
| RYAN Ryan Specialty Holdings Inc. | Reduce -33.6% | 0.32% | −0.14 |
| MDYG SS SPDR S&P 400 MC GR ETF | Reduce -74.3% | 0.04% | −0.13 |
| ABNB Airbnb Inc. Class A | Reduce -13.6% | 0.49% | −0.13 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -14.0% | 0.71% | −0.12 |
| CHX Championx Corp. | Sold out | 0.00% | −0.12 |
| ALGN Align Technology Inc. | Sold out | 0.00% | −0.12 |
| V Visa Inc. Class A | Reduce -5.9% | 0.89% | −0.12 |
| TMO Thermo Fisher Scientific Inc. | Reduce -15.6% | 0.48% | −0.12 |
| BRKR Bruker Corp. | Sold out | 0.00% | −0.11 |
| MTD Mettler-Toledo International | Sold out | 0.00% | −0.11 |
| MDT Medtronic PLC | Reduce -22.7% | 0.25% | −0.11 |
| NKE Nike Inc. Class B | Reduce -7.8% | 0.31% | −0.11 |
| SLYV SS SPDR S&P 600 SC Val ETF | Sold out | 0.00% | −0.11 |
| WDAY Workday Inc. Class A | Reduce -17.9% | 0.22% | −0.11 |
| HEQT Simplify Hedged Equity ETF | Sold out | 0.00% | −0.10 |
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -34.8% | 0.18% | −0.10 |
| DFH Dream Finders Homes Inc. Class A | Reduce -31.8% | 0.07% | −0.10 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -58.7% | 0.07% | −0.10 |
| GOVT iShares US Treasury Bond ETF | Reduce -30.5% | 0.20% | −0.09 |
| NOW ServiceNow Inc. | Reduce -13.3% | 0.74% | −0.09 |
| MCD McDonald's Corp. | Reduce -23.8% | 0.20% | −0.09 |
| SPMB SS SPDR P Mort Back Bond ETF | Reduce -37.7% | 0.14% | −0.09 |
| IBKR Interactive Brokers Gro Class A | Reduce -70.7% | 0.04% | −0.09 |
| HD Home Depot Inc. | Reduce -6.7% | 0.43% | −0.09 |
| TROW T Rowe Price Group Inc. | Sold out | 0.00% | −0.09 |
| JPM JPMorgan Chase & Co. | Reduce -11.2% | 0.69% | −0.08 |
| JNJ Johnson & Johnson | Reduce -11.3% | 0.37% | −0.08 |
| FDS Factset Research Systems Inc. | Reduce -25.2% | 0.17% | −0.08 |
| AAON Aaon Inc. | Reduce -25.4% | 0.22% | −0.08 |
| ZTS Zoetis Inc. | Reduce -20.8% | 0.33% | −0.08 |
| DEO Diageo PLC-Sponsored ADR | Sold out | 0.00% | −0.08 |
Portfolio Buys Q1 2024 → Q2 2024
| NVDA Nvidia Corp. | Add +15.5% | 3.10% | +1.13 |
| IJK iShares S&P Mid-Cap 400 Grow | New | 1.11% | +1.11 |
| MDY State Street SPDR S&P Midcap | Add +1362.5% | 1.16% | +1.07 |
| AAPL Apple Inc. | Add +12.4% | 2.87% | +0.78 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +73.1% | 1.49% | +0.71 |
| EQNR Equinor ASA-Spon ADR | New | 0.68% | +0.68 |
| MCK McKesson Corp. | New | 0.68% | +0.68 |
| IYW iShares Ustechnology ETF | Add +14.0% | 1.66% | +0.35 |
| CORT Corcept Therapeutics Inc. | Add +15.8% | 0.89% | +0.29 |
| QQQ Invesco QQQ Trust Series 1 | Add +19.2% | 1.28% | +0.28 |
| IVW iShares S&P 500 Growth ETF | Add +17.1% | 1.24% | +0.27 |
| PAAA Pgim Aaa Clo ETF | New | 0.26% | +0.26 |
| TIP iShares Tips Bond ETF | Add +494.7% | 0.31% | +0.26 |
| TXN Texas Instruments Inc. | Add +17.9% | 1.06% | +0.25 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +13.7% | 1.40% | +0.21 |
| LRCX Lam Research Corp. | Add +18.0% | 0.90% | +0.20 |
| SHOP Shopify Inc. Class A | Add +500.0% | 0.22% | +0.18 |
| IYF iShares US Financials ETF | Add +14.1% | 1.52% | +0.17 |
| MSCI MSCI Inc. | New | 0.16% | +0.16 |
| XOM Exxon Mobil Corp. | Add +26.8% | 0.78% | +0.16 |
| AVGO Broadcom Inc. | Add +12.8% | 0.58% | +0.15 |
| OLLI Ollie's Bargain Outlet Holdi | Add +82.1% | 0.27% | +0.15 |
| IYJ iShares U.S. Industrials ETF | Add +17.0% | 1.47% | +0.14 |
| LECO Lincoln Electric Holdings | New | 0.13% | +0.13 |
| IDU iShares US Utilities ETF | Add +2.7% | 1.45% | +0.13 |
| TSLA Tesla Inc. | Add +18.9% | 0.51% | +0.13 |
| TFIN Triumph Financial Inc. | New | 0.12% | +0.12 |
| P Everpure Inc. Class A | New | 0.11% | +0.11 |
| CASY Casey's General Stores Inc. | Add +120.0% | 0.17% | +0.11 |
| UNH Unitedhealth Group Inc. | Add +15.6% | 0.63% | +0.10 |
| VALE Vale SA-SP ADR | Add +32.7% | 0.56% | +0.10 |
| PM Philip Morris International | Add +14.1% | 0.45% | +0.09 |
| PBR Petroleo Brasileiro-Spon ADR | Add +24.8% | 0.59% | +0.09 |
| PFE Pfizer Inc. | Add +52.7% | 0.26% | +0.09 |
| COST Costco Wholesale Corp. | Add +6.9% | 0.44% | +0.08 |
| ELF Elf Beauty Inc. | Add +27.0% | 0.31% | +0.08 |
| KMB Kimberly-Clark Corp. | Add +63.4% | 0.18% | +0.08 |
| GJUN FT Vest US Equity Moderate B | New | 0.07% | +0.07 |
| DSGX The Descartes Systems Grp | New | 0.07% | +0.07 |
| WFRD Weatherford International PL | New | 0.07% | +0.07 |
| SCCO Southern Copper Corp. | New | 0.07% | +0.07 |
| HALO Halozyme Therapeutics Inc. | Add +29.3% | 0.18% | +0.07 |
| DFUS Dimensional US Eq MKT ETF | New | 0.07% | +0.07 |
| FIX Comfort Systems USA Inc. | Add +28.7% | 0.36% | +0.07 |
| CVX Chevron Corp. | Add +16.2% | 0.52% | +0.07 |
| XEL Xcel Energy Inc. | New | 0.07% | +0.07 |
| PEN Penumbra Inc. | Add +148.9% | 0.13% | +0.07 |
| MEDP Medpace Holdings Inc. | Add +26.3% | 0.28% | +0.06 |
| NEE Nextera Energy Inc. | New | 0.06% | +0.06 |
| MAA Mid-America Apartment Comm | New | 0.06% | +0.06 |
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 |