Norden Group LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 15, 2026), Norden Group LLC reported 615 stock positions worth $1.0 billion. Its top holding was Pgim Aaa Clo ETF (PAAA) at 6.0% of the portfolio, followed by Apple (AAPL, 4.7%) and Nvidia (NVDA, 4.5%). Compared with Q4 2025, it opened 78 new positions, sold out of 68, added to 281 and reduced 233. The biggest buy was a new position in Exelixis (EXEL) and the biggest sale Adobe (ADBE, shares −88%).
- Most Recent 13F
- Q2 2026
- Location
- PROVO, UT
- CIK
- 0001990699
- Portfolio Value
- $1.0B (Q1 2026)
- SEC Filing
- 0001990699-26-000003 ↗ filed Apr 15, 2026
Holdings Value
Holdings 615 stocks · $1.0B
| PAAA Pgim Aaa Clo ETF | 5.95% | 1,210,899 | $62.0M | Reduce -2.7% |
| AAPL Apple Inc. | 4.72% | 193,694 | $49.2M | Add +13.4% |
| NVDA Nvidia Corp. | 4.53% | 270,279 | $47.1M | Add +11.7% |
| MSFT Microsoft Corp. | 2.78% | 78,271 | $29.0M | Add +8.8% |
| AMZN Amazon.com Inc. | 1.99% | 99,500 | $20.7M | Reduce -3.4% |
| GOOGL Alphabet Inc. Class A | 1.85% | 66,925 | $19.2M | Add +4.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.80% | 203,914 | $18.7M | Add +18.3% |
| AVGO Broadcom Inc. | 1.56% | 52,537 | $16.3M | Reduce -8.5% |
| LRCX Lam Research Corp. | 1.35% | 65,808 | $14.1M | Add +4.9% |
| GOOG Alphabet Inc. Class C | 1.28% | 46,324 | $13.3M | Add +3.1% |
| META Meta Platforms Inc. Class A | 1.18% | 21,464 | $12.3M | Add +26.6% |
| BMY Bristol-Myers Squibb Co. | 1.17% | 200,824 | $12.2M | Add +13.5% |
| MO Altria Group Inc. | 1.16% | 182,750 | $12.1M | Add +16.8% |
| CRM Salesforce Inc. | 1.07% | 59,780 | $11.2M | Add +621.6% |
| QCOM Qualcomm Inc. | 1.02% | 82,368 | $10.6M | Add +274.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.00% | 15,999 | $10.4M | Add +1.3% |
| TSLA Tesla Inc. | 0.99% | 27,606 | $10.3M | Add +5.9% |
| EXEL Exelixis Inc. | 0.97% | 234,208 | $10.0M | New |
| QQQ Invesco QQQ Trust Series 1 | 0.95% | 17,193 | $9.9M | Reduce -0.1% |
| ANET Arista Networks Inc. | 0.94% | 79,476 | $9.8M | Add +43.9% |
| EXPE Expedia Group Inc. | 0.88% | 39,481 | $9.1M | New |
| LLY Eli Lilly & Co. | 0.83% | 9,417 | $8.7M | Add +2.8% |
| JNJ Johnson & Johnson | 0.77% | 32,721 | $8.0M | Reduce -6.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.74% | 16,094 | $7.7M | Add +4.7% |
| PM Philip Morris International | 0.72% | 45,438 | $7.5M | Add +0.8% |
| CSCO Cisco Systems Inc. | 0.70% | 94,105 | $7.3M | Add +2.8% |
| NFLX Netflix Inc. | 0.68% | 73,715 | $7.1M | Add +15.3% |
| JPM JPMorgan Chase & Co. | 0.67% | 23,568 | $6.9M | Reduce -4.2% |
| V Visa Inc. Class A | 0.66% | 22,708 | $6.9M | Reduce -0.9% |
| IVV iShares Core S&P 500 ETF | 0.65% | 10,413 | $6.8M | Reduce -2.1% |
| XOM Exxon Mobil Corp. | 0.64% | 39,499 | $6.7M | Add +14.4% |
| AMLP Alerian MLP ETF | 0.63% | 124,485 | $6.6M | New |
| IWC iShares Micro-Cap ETF | 0.59% | 38,627 | $6.2M | Reduce -15.9% |
| MA Mastercard Inc. Class A | 0.58% | 12,037 | $6.0M | Reduce -4.9% |
| IJT iShares S&P Small-Cap 600 GR | 0.58% | 41,435 | $6.0M | New |
| PPA Invesco Aerospace & Defense | 0.57% | 35,655 | $5.9M | New |
| VZ Verizon Communications Inc. | 0.53% | 108,870 | $5.5M | Reduce -4.4% |
| WFC Wells Fargo & Co. | 0.51% | 66,523 | $5.3M | Add +32.3% |
| ORCL Oracle Corp. | 0.50% | 35,271 | $5.2M | Reduce -1.5% |
| COST Costco Wholesale Corp. | 0.49% | 5,111 | $5.1M | Add +14.7% |
| MRK Merck & Co. Inc. | 0.49% | 42,225 | $5.1M | Add +2.6% |
| NET Cloudflare Inc. Class A | 0.46% | 23,193 | $4.8M | Reduce -3.5% |
| JPST JPMorgan Ultra-Short Income | 0.45% | 92,067 | $4.7M | Add +4.5% |
| AMAT Applied Materials Inc. | 0.44% | 13,540 | $4.6M | Add +11.8% |
| CVX Chevron Corp. | 0.44% | 22,330 | $4.6M | Add +10.6% |
| WMT Walmart Inc. | 0.42% | 35,492 | $4.4M | Add +73.2% |
| GE General Electric filed as GE AEROSPACE | 0.42% | 15,484 | $4.4M | Add +259.9% |
| AMD Advanced Micro Devices | 0.42% | 21,324 | $4.3M | Add +26.0% |
| RTX RTX Corp. | 0.41% | 22,343 | $4.3M | Reduce -1.7% |
| KO The Coca-Cola Co. | 0.41% | 55,766 | $4.2M | Add +11.4% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.41% | 43,158 | $4.2M | Add +1.2% |
| GILD Gilead Sciences Inc. | 0.41% | 30,297 | $4.2M | Reduce -2.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.40% | 85,232 | $4.2M | Reduce -2.5% |
| ABBV Abbvie Inc. | 0.39% | 18,647 | $4.1M | Reduce -3.9% |
| MU Micron Technology Inc. | 0.39% | 11,997 | $4.1M | Add +64.5% |
| NOW ServiceNow Inc. | 0.38% | 37,903 | $4.0M | Add +58.9% |
| PEP Pepsico Inc. | 0.37% | 24,673 | $3.8M | Add +1.9% |
| CAT Caterpillar Inc. | 0.36% | 5,361 | $3.8M | Add +35.7% |
| IWV iShares Russell 3000 ETF | 0.36% | 10,237 | $3.8M | Reduce -6.5% |
| PLTR Palantir Technologies Inc. Class A | 0.36% | 25,924 | $3.8M | Add +4.8% |
| RUN Sunrun Inc. | 0.35% | 270,227 | $3.7M | Add +2.3% |
| GEV GE Vernova Inc. | 0.35% | 4,164 | $3.6M | Add +346.8% |
| T AT&T Inc. | 0.35% | 125,302 | $3.6M | Add +0.3% |
| HODL Vaneck Bitcoin ETF | 0.34% | 186,595 | $3.6M | Add +589.8% |
| AMGN Amgen Inc. | 0.33% | 9,898 | $3.5M | Add +16.4% |
| SHOP Shopify Inc. Class A | 0.32% | 28,397 | $3.4M | Add +1.1% |
| SBUX Starbucks Corp. | 0.32% | 36,804 | $3.3M | Add +9.5% |
| TXN Texas Instruments Inc. | 0.31% | 16,428 | $3.2M | Add +23.3% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.30% | 69,049 | $3.2M | Add +0.8% |
| MCD McDonald's Corp. | 0.30% | 10,009 | $3.1M | Add +37.5% |
| PG The Procter & Gamble Co. | 0.30% | 21,479 | $3.1M | Add +11.8% |
| AEM Agnico Eagle Mines Ltd. | 0.29% | 14,768 | $3.0M | Add +8.2% |
| HD Home Depot Inc. | 0.29% | 9,038 | $3.0M | Reduce -0.2% |
| COP Conocophillips | 0.28% | 21,887 | $2.9M | Add +7.1% |
| LOW Lowe's Cos Inc. | 0.26% | 11,650 | $2.8M | Add +28.5% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.26% | 2,078 | $2.7M | Add +9.2% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.26% | 48,068 | $2.7M | Add +0.7% |
| HDV iShares Core High Dividend E | 0.25% | 19,322 | $2.6M | Add +0.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.25% | 27,147 | $2.6M | Add +29.4% |
| AEP American Electric Power | 0.25% | 19,782 | $2.6M | Reduce -2.3% |
| OXY Occidental Petroleum Corp. | 0.25% | 39,747 | $2.6M | Add +39.3% |
| JAAA Janus Henderson Aaa Clo ETF | 0.25% | 50,804 | $2.6M | Add +15.1% |
| CVS CVS Health Corp. | 0.25% | 35,599 | $2.6M | Add +1.3% |
| CME Cme Group Inc. | 0.25% | 8,656 | $2.6M | Add +16.6% |
| ISRG Intuitive Surgical Inc. | 0.24% | 5,482 | $2.5M | Add +2.6% |
| SCHW Schwab (charles) Corp. | 0.24% | 26,851 | $2.5M | Add +1.3% |
| MDLZ Mondelez International Inc. Class A | 0.24% | 43,371 | $2.5M | Add +168.1% |
| MDT Medtronic PLC | 0.24% | 28,759 | $2.5M | Reduce -3.8% |
| UNP Union Pacific Corp. | 0.22% | 9,520 | $2.3M | Add +43.2% |
| MS Morgan Stanley | 0.22% | 13,872 | $2.3M | Reduce -0.7% |
| MSCI MSCI Inc. | 0.22% | 4,218 | $2.3M | Reduce -6.6% |
| DUK Duke Energy Corp. | 0.22% | 17,153 | $2.2M | Reduce -1.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.21% | 6,610 | $2.2M | Add +26.1% |
| BA The Boeing Co. | 0.21% | 11,159 | $2.2M | Add +20.6% |
| CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET | 0.21% | 56,890 | $2.2M | Add +8.3% |
| GD General Dynamics Corp. | 0.21% | 6,360 | $2.2M | Reduce -2.7% |
| ACN Accenture PLC Class A | 0.21% | 10,936 | $2.2M | Add +9.3% |
| IDXX Idexx Laboratories Inc. | 0.21% | 3,858 | $2.2M | Reduce -4.9% |
| WM Waste Management Inc. | 0.21% | 9,296 | $2.1M | Add +0.8% |
| GLW Corning Inc. | 0.20% | 15,653 | $2.1M | Reduce -7.6% |
Portfolio Sells Q4 2025 → Q1 2026
| ADBE Adobe Inc. | Reduce -87.6% | 0.08% | −0.90 |
| MPLX MPLX LP | Sold out | 0.00% | −0.74 |
| WDC Western Digital Corp. | Reduce -95.6% | 0.05% | −0.74 |
| IBB iShares Biotechnology ETF | Sold out | 0.00% | −0.70 |
| MEDP Medpace Holdings Inc. | Reduce -92.8% | 0.04% | −0.67 |
| FDN First Trust DJ Internet Ind | Sold out | 0.00% | −0.67 |
| XLY SS Consumer Disc Select Sect | Reduce -96.0% | 0.02% | −0.66 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -82.9% | 0.08% | −0.47 |
| AVGO Broadcom Inc. | Reduce -8.5% | 1.56% | −0.38 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -74.7% | 0.13% | −0.37 |
| AMZN Amazon.com Inc. | Reduce -3.4% | 1.99% | −0.34 |
| PAAA Pgim Aaa Clo ETF | Reduce -2.7% | 5.95% | −0.29 |
| ORCL Oracle Corp. | Reduce -1.5% | 0.50% | −0.18 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.16 |
| ABT Abbott Laboratories | Reduce -36.4% | 0.16% | −0.15 |
| JCPB JPMorgan Core Plus Bond ETF | Sold out | 0.00% | −0.14 |
| MA Mastercard Inc. Class A | Reduce -4.9% | 0.58% | −0.13 |
| V Visa Inc. Class A | Reduce -0.9% | 0.66% | −0.13 |
| INTU Intuit Inc. | Reduce -22.4% | 0.12% | −0.12 |
| IWC iShares Micro-Cap ETF | Reduce -15.9% | 0.59% | −0.12 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.11 |
| JPM JPMorgan Chase & Co. | Reduce -4.2% | 0.67% | −0.11 |
| SPEM State Street SP PTF Em ETF | Reduce -45.0% | 0.12% | −0.10 |
| BSX Boston Scientific Corp. | Reduce -71.7% | 0.02% | −0.10 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -50.3% | 0.08% | −0.10 |
| BBJP JPMorgan Betabuilders Japan | Sold out | 0.00% | −0.09 |
| PULS Pgim Ultra Short Bond ETF | Reduce -37.8% | 0.13% | −0.08 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.1% | 0.95% | −0.08 |
| VXUS Vanguard Total Intl Stock | Reduce -55.5% | 0.06% | −0.08 |
| BAC Bank of America Corp. | Reduce -2.5% | 0.40% | −0.07 |
| JQUA JPMorgan US Quality Factor | Reduce -55.7% | 0.05% | −0.07 |
| PAYC Paycom Software Inc. | Sold out | 0.00% | −0.06 |
| IDXX Idexx Laboratories Inc. | Reduce -4.9% | 0.21% | −0.06 |
| IVV iShares Core S&P 500 ETF | Reduce -2.1% | 0.65% | −0.06 |
| DPZ Domino's Pizza Inc. | Sold out | 0.00% | −0.06 |
| INDA iShares MSCI India ETF | Sold out | 0.00% | −0.06 |
| IBM Intl Business Machines Corp. | Reduce -5.3% | 0.18% | −0.06 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -67.3% | 0.02% | −0.05 |
| IWV iShares Russell 3000 ETF | Reduce -6.5% | 0.36% | −0.05 |
| TPVG Triplepoint Venture Growth B | Reduce -25.5% | 0.06% | −0.05 |
| OLLI Ollie's Bargain Outlet Holdi | Reduce -25.8% | 0.07% | −0.05 |
| UL Unilever PLC-Sponsored ADR | Reduce -5.9% | 0.19% | −0.05 |
| ABBV Abbvie Inc. | Reduce -3.9% | 0.39% | −0.04 |
| GWRE Guidewire Software Inc. | Reduce -35.8% | 0.04% | −0.04 |
| UNH Unitedhealth Group Inc. | Reduce -14.4% | 0.10% | −0.04 |
| LUV Southwest Airlines Co. | Reduce -28.6% | 0.08% | −0.04 |
| SHY iShares 1-3 Year Treasury Bo | Sold out | 0.00% | −0.04 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -66.1% | 0.02% | −0.04 |
| DIA SS SPDR Dow Jones Indus Avg | Sold out | 0.00% | −0.04 |
| MDT Medtronic PLC | Reduce -3.8% | 0.24% | −0.04 |
Portfolio Buys Q4 2025 → Q1 2026
| EXEL Exelixis Inc. | New | 0.97% | +0.97 |
| EXPE Expedia Group Inc. | New | 0.88% | +0.88 |
| CRM Salesforce Inc. | Add +621.6% | 1.07% | +0.86 |
| QCOM Qualcomm Inc. | Add +274.8% | 1.02% | +0.65 |
| AMLP Alerian MLP ETF | New | 0.63% | +0.63 |
| IJT iShares S&P Small-Cap 600 GR | New | 0.58% | +0.58 |
| PPA Invesco Aerospace & Defense | New | 0.57% | +0.57 |
| LRCX Lam Research Corp. | Add +4.9% | 1.35% | +0.30 |
| GE General Electric | Add +259.9% | 0.42% | +0.29 |
| GEV GE Vernova Inc. | Add +346.8% | 0.35% | +0.29 |
| HODL Vaneck Bitcoin ETF | Add +589.8% | 0.34% | +0.28 |
| MO Altria Group Inc. | Add +16.8% | 1.16% | +0.28 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +18.3% | 1.80% | +0.25 |
| XOM Exxon Mobil Corp. | Add +14.4% | 0.64% | +0.24 |
| BMY Bristol-Myers Squibb Co. | Add +13.5% | 1.17% | +0.24 |
| ANET Arista Networks Inc. | Add +43.9% | 0.94% | +0.23 |
| WMT Walmart Inc. | Add +73.2% | 0.42% | +0.20 |
| MU Micron Technology Inc. | Add +64.5% | 0.39% | +0.19 |
| AAPL Apple Inc. | Add +13.4% | 4.72% | +0.18 |
| RAAX Vaneck Real Assets ETF | New | 0.16% | +0.16 |
| MDLZ Mondelez International Inc. Class A | Add +168.1% | 0.24% | +0.15 |
| CAT Caterpillar Inc. | Add +35.7% | 0.36% | +0.14 |
| CVX Chevron Corp. | Add +10.6% | 0.44% | +0.14 |
| AMAT Applied Materials Inc. | Add +11.8% | 0.44% | +0.14 |
| OXY Occidental Petroleum Corp. | Add +39.3% | 0.25% | +0.13 |
| ZION Zions Bancorp NA | Add +617.5% | 0.14% | +0.12 |
| QQQI Neos Nasdaq-100 High Inc. ETF | Add +189.7% | 0.19% | +0.12 |
| FDX FedEx Corp. | Add +381.9% | 0.14% | +0.11 |
| COST Costco Wholesale Corp. | Add +14.7% | 0.49% | +0.11 |
| NVDA Nvidia Corp. | Add +11.7% | 4.53% | +0.11 |
| INTC Intel Corp. | Add +79.1% | 0.20% | +0.10 |
| WTW Willis Towers Watson PLC | New | 0.10% | +0.10 |
| DE Deere & Co. | Add +122.1% | 0.15% | +0.09 |
| NFLX Netflix Inc. | Add +15.3% | 0.68% | +0.09 |
| COP Conocophillips | Add +7.1% | 0.28% | +0.09 |
| VSOL Vaneck Solana ETF | New | 0.09% | +0.09 |
| CSGP Costar Group Inc. | Add +278.8% | 0.15% | +0.08 |
| META Meta Platforms Inc. Class A | Add +26.6% | 1.18% | +0.08 |
| NODE Vaneck Onchain Economy ETF | New | 0.08% | +0.08 |
| VGT Vanguard Info Tech ETF | New | 0.08% | +0.08 |
| MCD McDonald's Corp. | Add +37.5% | 0.30% | +0.08 |
| TXN Texas Instruments Inc. | Add +23.3% | 0.31% | +0.08 |
| UNP Union Pacific Corp. | Add +43.2% | 0.22% | +0.07 |
| SNDK Sandisk Corp. | New | 0.07% | +0.07 |
| KO The Coca-Cola Co. | Add +11.4% | 0.41% | +0.06 |
| ASML ASML Holding NV-NY Reg SHS | Add +9.2% | 0.26% | +0.06 |
| MRK Merck & Co. Inc. | Add +2.6% | 0.49% | +0.06 |
| MRVL Marvell Technology Inc. | Add +59.0% | 0.14% | +0.06 |
| AMGN Amgen Inc. | Add +16.4% | 0.33% | +0.06 |
| AMD Advanced Micro Devices | Add +26.0% | 0.42% | +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 |