SEC 13F Intelligence

Managers / Q4 2025

NDVR, Inc.

CIK 0002011247 · 75 STATE STREET, SUITE 100, BOSTON, MA, 02109 · 857-326-6992

Reported Value
$121M
Q4 2025
Positions
121
Filings on Record
9
2019–present window
Filed
Feb 12, 2026
original filing

Summary

Ndvr, Inc. reported $121M in U.S.-listed holdings across 121 positions for Q4 2025.

The portfolio is heavily concentrated: Vanguard Tax Managed Fds alone accounts for 23.8% of reported value.

Compared with Q3 2025, the fund opened 32 new positions and exited 26.

Portfolio Metrics

Turnover
+9.8%
vs prior filed quarter
Top-10 Concentration
+66.1%
share of reported value
Largest Position
+23.8%
Vanguard Tax Managed Fds
New / Exited
32 / 26
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: $83MQ4 ’23Q1 ’24: $105MQ2 ’24: $96MQ2 ’24Q3 ’24: $98MQ4 ’24: $104MQ4 ’24Q1 ’25: $98MQ2 ’25: $107MQ2 ’25Q3 ’25: $120MQ4 ’25: $121MQ4 ’25filingsflow.com

Portfolio Composition

By security type
ETP: 50.5%Common Stock: 49.3%Other: 0.2%
  • ETP · 50.5% · $61M
  • Common Stock · 49.3% · $59M
  • Other · 0.2% · $287,971

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NEMNEWMONT CORPNEW+3.4K3.4K+$341,886$341,886
SCHWSCHWAB CHARLES CORPNEW+3.3K3.3K+$329,703$329,703
DLTRDOLLAR TREE INCNEW+2.5K2.5K+$304,942$304,942
PGNYPROGYNY INCNEW+11.3K11.3K+$290,646$290,646
CSG SYS INTL INCNEW+3.8K3.8K+$287,971$287,971
HCAHCA HEALTHCARE INCNEW+613613+$286,185$286,185
SYFSYNCHRONY FINANCIALNEW+3.4K3.4K+$280,325$280,325
BACBANK AMERICA CORPNEW+4.9K4.9K+$270,105$270,105

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

Holdings — Q4 2025

46 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT23.75%$29M458.2K
2HUBSHUBSPOT INChistory →COM8.24%$10M24.7K
3VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF7.97%$10M178.6K
4ISHARES TR0-3 MNTH TREASRY · CORE MSCI EAFE6.79%$8M83.7K
5AMZNAMAZON COM INChistory →COM4.86%$6M25.4K
6VANGUARD INDEX FDSTOTAL STK MKT · S&P 500 ETF SHS4.67%$6M14.2K
7WORLD GOLD TRSPDR GLD MINIS4.02%$5M56.7K
8MSFTMICROSOFT CORPhistory →COM3.67%$4M9.2K
9NVDANVIDIA CORPORATIONhistory →COM2.66%$3M17.2K
10AAPLAPPLE INChistory →COM2.51%$3M11.1K
11GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.26%$3M8.7K
12AVGOBROADCOM INCCOM0.93%$1M3.3K
13METAMETA PLATFORMS INCCL A0.80%$965,0521.5K
14WMTWALMART INCCOM0.75%$909,1068.2K
15EPAMEPAM SYS INCCOM0.68%$819,5204.0K
16SCHWAB STRATEGIC TRINTL EQTY ETF0.65%$785,67532.7K
17JPMJPMORGAN CHASE & CO.COM0.61%$732,0842.3K
18TSLATESLA INCCOM0.57%$691,6691.5K
19FOXAFOX CORPCL A COM · CL B COM0.57%$686,74110.0K
20ISHARES INCCORE MSCI EMKT0.49%$586,0918.7K
21LLYELI LILLY & COCOM0.45%$543,788506
22ABBVABBVIE INCCOM0.43%$520,7292.3K
23EXMOCEXXON MOBIL CORPCOM0.43%$518,4074.3K
24BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.40%$478,523952
25TJXTJX COS INC NEWCOM0.34%$411,2142.7K
26VVISA INCCOM CL A0.33%$396,6531.1K
27MCKMCKESSON CORPCOM0.32%$383,896468
28GILDGILEAD SCIENCES INCCOM0.31%$373,9893.0K
29CAHCARDINAL HEALTH INCCOM0.30%$365,3791.8K
30PGRPROGRESSIVE CORPCOM0.30%$364,1241.6K
31HIGHARTFORD INSURANCE GROUP INCCOM0.30%$362,8272.6K
32IAU*ISHARES GOLD TRISHARES NEW0.30%$357,7974.4K
33TRVTRAVELERS COMPANIES INCCOM0.30%$357,6441.2K
34LDOSLEIDOS HOLDINGS INCCOM0.29%$345,1051.9K
35NEMNEWMONT CORPCOM0.28%$341,8863.4K
36ABGCENCORA INCCOM0.28%$340,4521.0K
37LAURLAUREATE EDUCATION INCCOMMON STOCK0.28%$334,8149.9K
38SCHWSCHWAB CHARLES CORPCOM0.27%$329,7033.3K
39TAT&T INCCOM0.27%$329,65213.3K
40AXPAMERICAN EXPRESS COCOM0.27%$329,256890
41MTGMGIC INVT CORP WISCOM0.27%$326,12411.2K
42LLOEWS CORPCOM0.27%$324,5653.1K
43MLIMUELLER INDS INCCOM0.27%$324,5402.8K
44EX9EXELIXIS INCCOM0.27%$321,4057.3K
45ORIOLD REP INTL CORPCOM0.26%$312,5886.8K
46MCYMERCURY GENL CORP NEWCOM0.26%$312,5613.3K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2025$121M121Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$120M115Oct 22, 202513F-HRchanges · EDGAR ↗
Q2 2025$107M103Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$98M102May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$104M102Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$98M103Nov 8, 202413F-HRchanges · EDGAR ↗
Q2 2024$96M92Aug 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$105M106May 7, 202413F-HRchanges · EDGAR ↗
Q4 2023$83M69Feb 8, 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 ↗.