SEC 13F Intelligence

Managers / Q1 2024 · view latest →

NDWM LLC

CIK 0001818386 · 4250 EXECUTIVE SQUARE, SUITE 545, LA JOLLA, CA, 92037 · (858) 457-1325

Reported Value
$110M
Q1 2024
Positions
32
Filings on Record
10
2019–present window
Filed
Apr 19, 2024
original filing

Summary

Ndwm LLC reported $110M in U.S.-listed holdings across 32 positions for Q1 2024.

The portfolio is heavily concentrated: Ishares Tr alone accounts for 33.0% of reported value.

Compared with Q4 2023, the fund opened 4 new positions and exited 0.

Portfolio Metrics

Turnover
+3.9%
vs prior filed quarter
Top-10 Concentration
+87.4%
share of reported value
Largest Position
+33.0%
Ishares Tr

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’23: $104MQ4 ’23Q1 ’24: $110MQ2 ’24: $113MQ2 ’24Q3 ’24: $121MQ4 ’24: $120MQ4 ’24Q1 ’25: $102MQ2 ’25: $137MQ2 ’25Q3 ’25: $147MQ4 ’25: $151MQ4 ’25Q1 ’26: $154Mfilingsflow.com

Portfolio Composition

By security type
ETP: 95.3%Common Stock: 4.4%Closed-End Fund: 0.3%
  • ETP · 95.3% · $105M
  • Common Stock · 4.4% · $5M
  • Closed-End Fund · 0.3% · $329,825

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPDR SER TRNEW+6.4K6.4K+$603,311$603,311
ALPS ETF TRNEW+4.5K4.5K+$530,875$530,875
LLYELI LILLY & CONEW+286286+$222,497$222,497
VANGUARD INDEX FDSNEW+453453+$217,757$217,757
ISHARES TRADDED+15.3K28.6K+$2M$3M
ISHARES TRTRIMMED−31.6K39.5K−$3M$4M
SPROTT PHYSICAL GOLD TRADDED+4.9K19.1K+$104,352$329,825
ISHARES TRADDED+2.2K9.3K+$208,339$911,332

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2024

20 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRCORE S&P500 ETF · 20 YR TR BD ETF · SP SMCP600VL ETF · 0-5YR INVT GR CP · 1 3 YR TREAS BD · CORE US AGGBD ET · NEW YORK MUN ETF · RUS 2000 VAL ETF · CALIF MUN BD ETF · 0-5YR HI YL CP44.39%$49M226.6K
2SPDR SER TRBLOOMBERG 3-12 M · BLOOMBERG 1-3 MO · S&P BIOTECH31.72%$35M364.0K
3INVESCO EXCHANGE TRADED FD TS&P500 EQL WGT5.01%$5M32.5K
4XLESELECT SECTOR SPDR TRTECHNOLOGY · ENERGY3.90%$4M22.2K
5WISDOMTREE TRUS EFFICIENT COR3.04%$3M79.0K
6SPDR S&P 500 ETF TRTR UNIT2.89%$3M6.1K
7NDQINVESCO QQQ TRhistory →UNIT SER 12.56%$3M6.3K
8NOWSERVICENOW INChistory →COM1.67%$2M2.4K
9BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.68%$741,3771.8K
10INVESCO EXCH TRADED FD TR IINY AMT FRE MUN0.62%$676,99929.4K
11TSLATESLA INCCOM0.58%$640,7553.6K
12GQ9SPDR GOLD TRGOLD SHS0.54%$587,7422.9K
13AAPLAPPLE INCCOM0.52%$567,7373.3K
14ALPS ETF TREQUAL SEC ETF0.48%$530,8754.5K
15MSFTMICROSOFT CORPCOM0.32%$351,722836
16SPROTT PHYSICAL GOLD TRUNIT0.30%$329,82519.1K
17BABOEING COCOM0.22%$236,7991.2K
18LLYELI LILLY & COCOM0.20%$222,497286
19VANGUARD INDEX FDSS&P 500 ETF SHS0.20%$217,757453
20CPBCAMPBELL SOUP COCOM0.19%$209,3154.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$154M38Apr 27, 202613F-HRchanges · EDGAR ↗
Q4 2025$151M34Feb 5, 202613F-HRchanges · EDGAR ↗
Q3 2025$147M34Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$137M31Jul 31, 202513F-HRchanges · EDGAR ↗
Q1 2025$102M33May 2, 202513F-HRchanges · EDGAR ↗
Q4 2024$120M31Feb 5, 202513F-HRchanges · EDGAR ↗
Q3 2024$121M32Oct 22, 202413F-HRchanges · EDGAR ↗
Q2 2024$113M33Aug 1, 202413F-HRchanges · EDGAR ↗
Q1 2024$110M32Apr 19, 202413F-HRchanges · EDGAR ↗
Q4 2023$104M29Feb 12, 202413F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.