SEC 13F Intelligence

Managers / Q4 2024 · view latest →

NDWM LLC

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

Reported Value
$120M
Q4 2024
Positions
31
Filings on Record
10
2019–present window
Filed
Feb 5, 2025
original filing

Summary

Ndwm LLC reported $120M in U.S.-listed holdings across 31 positions for Q4 2024.

The portfolio is heavily concentrated: Ishares Tr alone accounts for 34.1% of reported value.

Compared with Q3 2024, the fund opened 2 new positions and exited 3.

Portfolio Metrics

Turnover
+6.4%
vs prior filed quarter
Top-10 Concentration
+85.0%
share of reported value
Largest Position
+34.1%
Ishares Tr
New / Exited
2 / 3
positions this quarter

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: 92.8%Common Stock: 6.9%Closed-End Fund: 0.3%
  • ETP · 92.8% · $111M
  • Common Stock · 6.9% · $8M
  • Closed-End Fund · 0.3% · $383,969

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IBITISHARES BITCOIN TRUST ETFNEW+23.3K23.3K+$1M$1M
BABOEING CONEW+1.2K1.2K+$217,179$217,179
ISHARES TRSOLD OUT−5.4K0−$526,118$0
CPBCAMPBELL SOUP COSOLD OUT−4.7K0−$230,364$0
ISHARES TRSOLD OUT−1.9K0−$222,855$0
ISHARES TRADDED+5.1K12.5K+$283,492$715,714
SPDR S&P 500 ETF TRADDED+6.6K19.8K+$4M$12M
VANGUARD INDEX FDSADDED+195648+$110,114$349,149

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

Holdings — Q4 2024

20 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRCORE S&P500 ETF · SP SMCP600VL ETF · CORE S&P SCP ETF · CORE US AGGBD ET · 1 3 YR TREAS BD · 0-5YR INVT GR CP · CALIF MUN BD ETF · NEW YORK MUN ETF · RUS 2000 VAL ETF · 0-5YR HI YL CP43.96%$53M208.0K
2SPDR SER TRBLOOMBERG 3-12 M · BLOOMBERG 1-3 MO22.99%$28M286.9K
3SPDR S&P 500 ETF TRTR UNIT9.72%$12M19.8K
4INVESCO EXCHANGE TRADED FD TS&P500 EQL WGT5.22%$6M35.6K
5XLESELECT SECTOR SPDR TRTECHNOLOGY · ENERGY3.62%$4M20.5K
6NDQINVESCO QQQ TRhistory →UNIT SER 12.46%$3M5.8K
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW2.22%$3M5.9K
8NOWSERVICENOW INChistory →COM2.14%$3M2.4K
9ALPS ETF TREQUAL SEC ETF1.63%$2M15.5K
10TSLATESLA INChistory →COM1.20%$1M3.6K
11IBITISHARES BITCOIN TRUST ETFhistory →SHS BEN INT1.03%$1M23.3K
12GQ9SPDR GOLD TRGOLD SHS0.72%$858,3513.5K
13AAPLAPPLE INCCOM0.69%$831,3633.3K
14WISDOMTREE TRUS EFFICIENT COR0.59%$702,42815.0K
15INVESCO EXCH TRADED FD TR IINY AMT FRE MUN0.56%$667,15329.4K
16SPROTT PHYSICAL GOLD TRUNIT0.32%$383,96919.1K
17MSFTMICROSOFT CORPCOM0.29%$352,374836
18VANGUARD INDEX FDSS&P 500 ETF SHS0.29%$349,149648
19BABOEING COCOM0.18%$217,1791.2K
20LLYELI LILLY & COCOM0.17%$208,440270

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 ↗.