Norden Group LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 17, 2024), Norden Group LLC reported 510 stock positions worth $847.3 million. Its top holding was Apple (AAPL) at 3.5% of the portfolio, followed by Microsoft (MSFT, 3.3%) and JPMorgan Ultra-Short Income (JPST, 3.2%). Compared with Q2 2024, it opened 130 new positions, sold out of 24, added to 307 and reduced 67. The biggest buy was a new position in Snowflake (SNOW) and the biggest sale an exit from iShares U.S. Industrials ETF (IYJ).
- Most Recent 13F
- Q2 2026
- Location
- PROVO, UT
- CIK
- 0001990699
- Portfolio Value
- $847.3M (Q3 2024)
- SEC Filing
- 0001990699-24-000007 ↗ filed Oct 17, 2024
Holdings Value
Holdings 510 stocks · $847.3M
| AAPL Apple Inc. | 3.47% | 126,057 | $29.4M | Add +86.9% |
| MSFT Microsoft Corp. | 3.25% | 64,052 | $27.6M | Add +40.8% |
| JPST JPMorgan Ultra-Short Income | 3.15% | 526,055 | $26.7M | Add +152.8% |
| PAAA Pgim Aaa Clo ETF | 2.48% | 409,649 | $21.0M | Add +1516.3% |
| SNOW Snowflake Inc. | 2.43% | 178,964 | $20.6M | New |
| AMZN Amazon.com Inc. | 2.37% | 107,562 | $20.0M | Add +44.3% |
| NVDA Nvidia Corp. | 1.96% | 136,894 | $16.6M | Add +10.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.73% | 25,536 | $14.7M | Add +101.0% |
| JNK SS SPDR BB High Yield Bond | 1.21% | 104,680 | $10.2M | Add +18.2% |
| IDU iShares US Utilities ETF | 1.05% | 87,538 | $8.9M | Add +7.3% |
| GOOGL Alphabet Inc. Class A | 1.05% | 53,649 | $8.9M | Add +88.9% |
| GOOG Alphabet Inc. Class C | 1.05% | 52,996 | $8.9M | Add +46.3% |
| IYF iShares US Financials ETF | 1.02% | 83,331 | $8.7M | Add +4.6% |
| IYW iShares Ustechnology ETF | 1.01% | 56,358 | $8.5M | Add +3.5% |
| IYR iShares US Real Estate ETF | 0.99% | 82,631 | $8.4M | New |
| PM Philip Morris International | 0.98% | 68,187 | $8.3M | Add +209.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.90% | 15,565 | $7.6M | Add +17.9% |
| EFA iShares MSCI Eafe ETF | 0.89% | 89,883 | $7.5M | Add +646.2% |
| V Visa Inc. Class A | 0.88% | 27,185 | $7.5M | Add +61.6% |
| PULS Pgim Ultra Short Bond ETF | 0.87% | 147,567 | $7.3M | Reduce -27.6% |
| ADBE Adobe Inc. | 0.85% | 13,914 | $7.2M | Add +87.0% |
| IVW iShares S&P 500 Growth ETF | 0.85% | 74,793 | $7.2M | Add +12.5% |
| MA Mastercard Inc. Class A | 0.82% | 14,092 | $7.0M | Add +52.4% |
| NFLX Netflix Inc. | 0.80% | 9,561 | $6.8M | Add +54.0% |
| IVV iShares Core S&P 500 ETF | 0.77% | 11,333 | $6.5M | Add +455.8% |
| NOW ServiceNow Inc. | 0.76% | 7,221 | $6.5M | Add +54.5% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.73% | 67,475 | $6.2M | Add +8.2% |
| ORCL Oracle Corp. | 0.72% | 35,603 | $6.1M | Add +328.4% |
| TXN Texas Instruments Inc. | 0.70% | 28,528 | $5.9M | Add +5.5% |
| META Meta Platforms Inc. Class A | 0.67% | 11,558 | $5.7M | Add +45.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.66% | 12,169 | $5.6M | Add +94.7% |
| AXP American Express Co. | 0.66% | 20,639 | $5.6M | Add +1202.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.64% | 45,701 | $5.4M | Reduce -11.7% |
| AVGO Broadcom Inc. | 0.62% | 30,643 | $5.3M | Add +72.3% |
| ACN Accenture PLC Class A | 0.62% | 14,774 | $5.2M | Add +50.8% |
| UNH Unitedhealth Group Inc. | 0.61% | 8,850 | $5.2M | Add +45.6% |
| ABT Abbott Laboratories | 0.57% | 42,196 | $4.8M | Add +82.1% |
| CSCO Cisco Systems Inc. | 0.56% | 88,873 | $4.7M | Reduce -20.9% |
| VZ Verizon Communications Inc. | 0.56% | 104,767 | $4.7M | Add +120.9% |
| RTX RTX Corp. | 0.55% | 38,782 | $4.7M | Add +164.6% |
| TMO Thermo Fisher Scientific Inc. | 0.55% | 7,586 | $4.7M | Add +76.6% |
| LRCX Lam Research Corp. | 0.55% | 5,714 | $4.7M | Add +36.2% |
| GE General Electric filed as GE AEROSPACE | 0.54% | 24,437 | $4.6M | Add +1433.1% |
| CL Colgate-Palmolive Co. | 0.54% | 43,695 | $4.5M | New |
| XOM Exxon Mobil Corp. | 0.53% | 38,272 | $4.5M | Add +14.4% |
| JAAA Janus Henderson Aaa Clo ETF | 0.52% | 86,778 | $4.4M | New |
| JPM JPMorgan Chase & Co. | 0.52% | 20,718 | $4.4M | Add +23.6% |
| BKNG Booking Holdings Inc. | 0.50% | 1,010 | $4.3M | Add +256.9% |
| CHE Chemed Corp. | 0.48% | 6,708 | $4.0M | New |
| TSLA Tesla Inc. | 0.47% | 15,353 | $4.0M | Add +21.3% |
| JNJ Johnson & Johnson | 0.47% | 24,500 | $4.0M | Add +98.0% |
| ZTS Zoetis Inc. | 0.46% | 19,766 | $3.9M | Add +110.7% |
| HD Home Depot Inc. | 0.45% | 9,481 | $3.8M | Add +52.4% |
| QCOM Qualcomm Inc. | 0.44% | 21,696 | $3.7M | Add +77.9% |
| FANG Diamondback Energy Inc. | 0.43% | 21,175 | $3.7M | Add +1270.5% |
| KO The Coca-Cola Co. | 0.43% | 50,638 | $3.6M | Add +69.8% |
| MDT Medtronic PLC | 0.42% | 39,980 | $3.6M | Add +151.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.42% | 89,621 | $3.6M | Add +76.3% |
| ABBV Abbvie Inc. | 0.41% | 17,751 | $3.5M | Add +105.0% |
| LLY Eli Lilly & Co. | 0.41% | 3,939 | $3.5M | Add +89.4% |
| SHOP Shopify Inc. Class A | 0.41% | 43,335 | $3.5M | Add +161.9% |
| WFC Wells Fargo & Co. | 0.40% | 60,519 | $3.4M | Add +86.1% |
| TLT iShares 20+ Year Treasury BD | 0.40% | 34,579 | $3.4M | Add +424.4% |
| UL Unilever PLC | 0.38% | 50,119 | $3.3M | Add +206.3% |
| PEP Pepsico Inc. | 0.38% | 18,963 | $3.2M | Add +139.4% |
| PG The Procter & Gamble Co. | 0.38% | 18,550 | $3.2M | Add +24.0% |
| NET Cloudflare Inc. Class A | 0.38% | 39,372 | $3.2M | Add +0.8% |
| RUN Sunrun Inc. | 0.37% | 172,003 | $3.1M | Add +29.1% |
| MRK Merck & Co. Inc. | 0.36% | 27,233 | $3.1M | Add +79.5% |
| ABNB Airbnb Inc. Class A | 0.36% | 24,320 | $3.1M | Add +52.1% |
| SPSC SPS Commerce Inc. | 0.34% | 14,810 | $2.9M | Add +31.6% |
| RYAN Ryan Specialty Holdings Inc. | 0.33% | 42,487 | $2.8M | Add +57.4% |
| MSCI MSCI Inc. | 0.33% | 4,838 | $2.8M | Add +188.2% |
| LOW Lowe's Cos Inc. | 0.33% | 10,186 | $2.8M | Add +85.1% |
| MORN Morningstar Inc. | 0.32% | 8,593 | $2.7M | Add +38.4% |
| WMT Walmart Inc. | 0.31% | 32,917 | $2.7M | Add +101.6% |
| HYD Vaneck High Yield Muni ETF | 0.31% | 48,963 | $2.6M | Add +304.8% |
| COST Costco Wholesale Corp. | 0.30% | 2,909 | $2.6M | Add +12.6% |
| IT Gartner Inc. | 0.30% | 5,051 | $2.6M | Add +56.5% |
| CVX Chevron Corp. | 0.30% | 17,359 | $2.6M | Add +6.4% |
| WDAY Workday Inc. Class A | 0.30% | 10,313 | $2.5M | Add +114.8% |
| CMCSA Comcast Corp. Class A | 0.29% | 59,018 | $2.5M | Add +186.5% |
| BDX Becton Dickinson and Co. | 0.29% | 10,098 | $2.4M | Add +476.0% |
| GD General Dynamics Corp. | 0.28% | 7,749 | $2.3M | Add +111.6% |
| AAON Aaon Inc. | 0.27% | 21,499 | $2.3M | Add +71.0% |
| HDV iShares Core High Dividend E | 0.27% | 19,664 | $2.3M | New |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.26% | 26,780 | $2.2M | Add +5.0% |
| GILD Gilead Sciences Inc. | 0.25% | 25,759 | $2.2M | Add +154.9% |
| FIX Comfort Systems USA Inc. | 0.25% | 5,493 | $2.1M | Reduce -6.8% |
| CRM Salesforce Inc. | 0.25% | 7,800 | $2.1M | Reduce -35.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.25% | 9,604 | $2.1M | Add +60.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.25% | 22,061 | $2.1M | Add +159.0% |
| CVS CVS Health Corp. | 0.25% | 33,532 | $2.1M | Add +191.8% |
| DUK Duke Energy Corp. | 0.25% | 18,158 | $2.1M | Add +151.9% |
| CW Curtiss-Wright Corp. | 0.24% | 6,173 | $2.0M | Add +66.8% |
| COO The Cooper Cos Inc. | 0.23% | 17,922 | $2.0M | Add +41.4% |
| AMAT Applied Materials Inc. | 0.23% | 9,630 | $1.9M | Add +39.9% |
| MCD McDonald's Corp. | 0.23% | 6,389 | $1.9M | Add +65.5% |
| T AT&T Inc. | 0.22% | 85,227 | $1.9M | Add +36.5% |
| AEM Agnico Eagle Mines Ltd. | 0.22% | 23,112 | $1.9M | Add +260.1% |
Portfolio Sells Q2 2024 → Q3 2024
| IYJ iShares U.S. Industrials ETF | Sold out | 0.00% | −1.47 |
| PULS Pgim Ultra Short Bond ETF | Reduce -27.6% | 0.87% | −1.18 |
| MDY State Street SPDR S&P Midcap | Reduce -93.5% | 0.05% | −1.11 |
| CORT Corcept Therapeutics Inc. | Sold out | 0.00% | −0.89 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -11.7% | 0.64% | −0.85 |
| EQNR Equinor ASA-Spon ADR | Sold out | 0.00% | −0.68 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -92.9% | 0.03% | −0.68 |
| MCK McKesson Corp. | Sold out | 0.00% | −0.68 |
| PBR Petroleo Brasileiro-Spon ADR | Sold out | 0.00% | −0.59 |
| VALE Vale SA-SP ADR | Sold out | 0.00% | −0.56 |
| CSCO Cisco Systems Inc. | Reduce -20.9% | 0.56% | −0.52 |
| CRM Salesforce Inc. | Reduce -35.0% | 0.25% | −0.37 |
| ELF Elf Beauty Inc. | Reduce -1.9% | 0.09% | −0.22 |
| TIP iShares Tips Bond ETF | Reduce -44.0% | 0.10% | −0.20 |
| MEDP Medpace Holdings Inc. | Reduce -9.2% | 0.12% | −0.16 |
| NKE Nike Inc. Class B | Reduce -25.3% | 0.16% | −0.15 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -0.1% | 0.19% | −0.12 |
| STE Steris PLC | Reduce -24.5% | 0.11% | −0.12 |
| LSCC Lattice Semiconductor Corp. | Sold out | 0.00% | −0.11 |
| FIX Comfort Systems USA Inc. | Reduce -6.8% | 0.25% | −0.11 |
| CDW CDW Corp. | Reduce -15.1% | 0.11% | −0.11 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -0.6% | 0.15% | −0.10 |
| EMB iShares JP Morgan Usd Emergi | Reduce -2.0% | 0.15% | −0.10 |
| TSCO Tractor Supply Company | Reduce -0.5% | 0.16% | −0.09 |
| BBJP JPMorgan Betabuilders Japan | Sold out | 0.00% | −0.09 |
| CYBR Cyberark Software Ltd./Israel | Reduce -0.3% | 0.15% | −0.09 |
| WNS WNS Holdings Ltd. | Sold out | 0.00% | −0.09 |
| RRC Range Resources Corp. | Reduce -15.2% | 0.07% | −0.08 |
| WSM Williams-Sonoma Inc. | Reduce -0.4% | 0.14% | −0.08 |
| SUM Summit Materials Inc. Class A | Reduce -12.0% | 0.08% | −0.07 |
| LECO Lincoln Electric Holdings | Reduce -16.3% | 0.07% | −0.07 |
| VMI Valmont Industries | Reduce -3.1% | 0.10% | −0.06 |
| SMPL The Simply Good Foods Co. | Reduce -14.3% | 0.06% | −0.06 |
| AZEK The Azek Co. Inc. | Reduce -0.3% | 0.11% | −0.06 |
| WHD Cactus Inc. Class A | Reduce -0.6% | 0.12% | −0.06 |
| SPMB SS SPDR P Mort Back Bond ETF | Reduce -3.8% | 0.09% | −0.06 |
| PROSHARES TR | Sold out | 0.00% | −0.06 |
| SCHD Schwab US DVD Equity ETF | Reduce -54.1% | 0.02% | −0.06 |
| DOW Dow Inc. | Sold out | 0.00% | −0.06 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -5.1% | 0.08% | −0.05 |
| ATEC Alphatec Holdings Inc. | Reduce -1.2% | 0.02% | −0.05 |
| VCIT Vanguard Int-Term Corporate | Reduce -3.0% | 0.08% | −0.05 |
| KEYS Keysight Technologies Inc. | Sold out | 0.00% | −0.05 |
| APH Amphenol Corp. Class A | Reduce -0.8% | 0.06% | −0.05 |
| WERN Werner Enterprises Inc. | Reduce -15.1% | 0.06% | −0.05 |
| OPCH Option Care Health Inc. | Reduce -14.6% | 0.06% | −0.05 |
| INTC Intel Corp. | Reduce -7.5% | 0.03% | −0.05 |
| FSK FS KKR Capital Corp. | Sold out | 0.00% | −0.05 |
| PSX Phillips 66 | Reduce -0.3% | 0.05% | −0.05 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.05 |
Portfolio Buys Q2 2024 → Q3 2024
| SNOW Snowflake Inc. | New | 2.43% | +2.43 |
| PAAA Pgim Aaa Clo ETF | Add +1516.3% | 2.48% | +2.22 |
| JPST JPMorgan Ultra-Short Income | Add +152.8% | 3.15% | +1.03 |
| IYR iShares US Real Estate ETF | New | 0.99% | +0.99 |
| EFA iShares MSCI Eafe ETF | Add +646.2% | 0.89% | +0.70 |
| AAPL Apple Inc. | Add +86.9% | 3.47% | +0.59 |
| AXP American Express Co. | Add +1202.2% | 0.66% | +0.59 |
| IVV iShares Core S&P 500 ETF | Add +455.8% | 0.77% | +0.55 |
| CL Colgate-Palmolive Co. | New | 0.54% | +0.54 |
| PM Philip Morris International | Add +209.0% | 0.98% | +0.53 |
| JAAA Janus Henderson Aaa Clo ETF | New | 0.52% | +0.52 |
| GE General Electric | Add +1433.1% | 0.54% | +0.49 |
| ORCL Oracle Corp. | Add +328.4% | 0.72% | +0.48 |
| CHE Chemed Corp. | New | 0.48% | +0.48 |
| FANG Diamondback Energy Inc. | Add +1270.5% | 0.43% | +0.37 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +101.0% | 1.73% | +0.33 |
| TLT iShares 20+ Year Treasury BD | Add +424.4% | 0.40% | +0.28 |
| BKNG Booking Holdings Inc. | Add +256.9% | 0.50% | +0.28 |
| HDV iShares Core High Dividend E | New | 0.27% | +0.27 |
| RTX RTX Corp. | Add +164.6% | 0.55% | +0.26 |
| BDX Becton Dickinson and Co. | Add +476.0% | 0.29% | +0.20 |
| UL Unilever PLC | Add +206.3% | 0.38% | +0.20 |
| LGLV SPDR US LC Low Vol Idx | New | 0.19% | +0.19 |
| SHOP Shopify Inc. Class A | Add +161.9% | 0.41% | +0.19 |
| HYD Vaneck High Yield Muni ETF | Add +304.8% | 0.31% | +0.18 |
| MDT Medtronic PLC | Add +151.8% | 0.42% | +0.17 |
| MSCI MSCI Inc. | Add +188.2% | 0.33% | +0.17 |
| IWS iShares Russell Mid-Cap Valu | New | 0.16% | +0.16 |
| CME Cme Group Inc. | New | 0.16% | +0.16 |
| VZ Verizon Communications Inc. | Add +120.9% | 0.56% | +0.16 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +94.7% | 0.66% | +0.15 |
| DGRO iShares Core Dividend Growth | New | 0.15% | +0.15 |
| JCPB JPMorgan Core Plus Bond ETF | New | 0.14% | +0.14 |
| CGUS Cap Group Core Equity | New | 0.14% | +0.14 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +544.4% | 0.18% | +0.14 |
| AEM Agnico Eagle Mines Ltd. | Add +260.1% | 0.22% | +0.13 |
| SDY SS SPDR S&P Dividend ETF | New | 0.13% | +0.13 |
| CMCSA Comcast Corp. Class A | Add +186.5% | 0.29% | +0.13 |
| ZTS Zoetis Inc. | Add +110.7% | 0.46% | +0.13 |
| STRL Sterling Infrastructure Inc. | New | 0.13% | +0.13 |
| CWB SS SPDR BB Conv Sec ETF | New | 0.12% | +0.12 |
| SPG Simon Property Group Inc. | Add +363.8% | 0.18% | +0.12 |
| PEP Pepsico Inc. | Add +139.4% | 0.38% | +0.12 |
| GILD Gilead Sciences Inc. | Add +154.9% | 0.25% | +0.11 |
| ABBV Abbvie Inc. | Add +105.0% | 0.41% | +0.11 |
| ENB Enbridge Inc. | Add +338.4% | 0.17% | +0.11 |
| CVS CVS Health Corp. | Add +191.8% | 0.25% | +0.11 |
| BN Brookfield Corp. | Add +335.3% | 0.16% | +0.11 |
| ETR Entergy Corp. | Add +257.5% | 0.17% | +0.11 |
| WM Waste Management Inc. | Add +335.1% | 0.18% | +0.11 |
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 |