SEC 13F Intelligence

Managers / Q3 2025 · view latest →

NDVR, Inc.

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

Reported Value
$120M
Q3 2025
Positions
115
Filings on Record
9
2019–present window
Filed
Oct 22, 2025
original filing

Summary

Ndvr, Inc. reported $120M in U.S.-listed holdings across 115 positions for Q3 2025.

The portfolio is heavily concentrated: Vanguard Tax Managed Fds alone accounts for 23.2% of reported value.

Compared with Q2 2025, the fund opened 17 new positions and exited 5.

Portfolio Metrics

Turnover
+6.4%
vs prior filed quarter
Top-10 Concentration
+67.5%
share of reported value
Largest Position
+23.2%
Vanguard Tax Managed Fds
New / Exited
17 / 5
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
Common Stock: 51.0%ETP: 49.0%
  • Common Stock · 51.0% · $61M
  • ETP · 49.0% · $59M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ORCLORACLE CORPNEW+1.4K1.4K+$401,892$401,892
VTVVANGUARD INDEX FDSNEW+1.6K1.6K+$290,365$290,365
VUGVANGUARD INDEX FDSNEW+591591+$283,450$283,450
UTHUNITED THERAPEUTICS CORP DELNEW+586586+$245,657$245,657
SPDR SERIES TRUSTNEW+3.1K3.1K+$241,052$241,052
LAURLAUREATE EDUCATION INCNEW+7.6K7.6K+$238,789$238,789
PHMPULTE GROUP INCNEW+1.7K1.7K+$230,303$230,303
VLOVALERO ENERGY CORPNEW+1.4K1.4K+$230,021$230,021

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

Holdings — Q3 2025

47 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT23.18%$28M464.1K
2HUBSHUBSPOT INChistory →COM10.16%$12M26.0K
3VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF8.18%$10M181.1K
4ISHARES TR0-3 MNTH TREASRY · CORE MSCI EAFE6.42%$8M79.2K
5VANGUARD INDEX FDSTOTAL STK MKT · S&P 500 ETF SHS4.72%$6M14.7K
6AMZNAMAZON COM INChistory →COM4.67%$6M25.5K
7MSFTMICROSOFT CORPhistory →COM4.10%$5M9.5K
8WORLD GOLD TRSPDR GLD MINIS4.00%$5M62.7K
9NVDANVIDIA CORPORATIONhistory →COM2.70%$3M17.4K
10AAPLAPPLE INChistory →COM2.35%$3M11.1K
11GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.51%$2M7.5K
12METAMETA PLATFORMS INCCL A0.88%$1M1.4K
13WMTWALMART INCCOM0.76%$907,9598.8K
14AVGOBROADCOM INCCOM0.71%$849,8482.6K
15SCHWAB STRATEGIC TRINTL EQTY ETF0.65%$777,73833.4K
16JPMJPMORGAN CHASE & CO.COM0.61%$726,1202.3K
17EPAMEPAM SYS INCCOM0.50%$603,3114.0K
18ISHARES INCCORE MSCI EMKT0.48%$571,5268.7K
19ABBVABBVIE INCCOM0.46%$553,6122.4K
20TSLATESLA INCCOM0.41%$496,7521.1K
21EXMOCEXXON MOBIL CORPCOM0.41%$491,9354.4K
22BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.39%$467,548930
23IDIINTERDIGITAL INCCOM0.38%$458,8111.3K
24MLIMUELLER INDS INCCOM0.38%$454,1864.5K
25IBMINTERNATIONAL BUSINESS MACHSCOM0.37%$440,7341.6K
26MCKMCKESSON CORPCOM0.37%$438,030567
27VVISA INCCOM CL A0.35%$423,9941.2K
28LRNSTRIDE INCCOM0.35%$422,5432.8K
29PGRPROGRESSIVE CORPCOM0.35%$420,5561.7K
30EMEEMCOR GROUP INCCOM0.34%$410,509632
31ORCLORACLE CORPCOM0.34%$401,8921.4K
32HIGHARTFORD INSURANCE GROUP INCCOM0.32%$382,6962.9K
33GKDGRAND CANYON ED INCCOM0.32%$382,6231.7K
34WRBBERKLEY W R CORPCOM0.31%$374,5954.9K
35TJXTJX COS INC NEWCOM0.31%$369,7332.6K
36LDOSLEIDOS HOLDINGS INCCOM0.31%$368,8502.0K
37ABGCENCORA INCCOM0.31%$366,5981.2K
38CAHCARDINAL HEALTH INCCOM0.30%$358,1832.3K
39TRVTRAVELERS COMPANIES INCCOM0.30%$357,9601.3K
40GILDGILEAD SCIENCES INCCOM0.29%$353,4243.2K
41MTGMGIC INVT CORP WISCOM0.29%$344,72412.2K
42AXPAMERICAN EXPRESS COCOM0.28%$340,4641.0K
43CVSAADTALEM GLOBAL ED INCCOM0.28%$338,0912.2K
44UNMUNUM GROUPCOM0.28%$335,3874.3K
45FHIFEDERATED HERMES INCCL B0.28%$335,2606.5K
46FOXAFOX CORPCL A COM0.28%$333,8405.3K
47LLOEWS CORPCOM0.28%$332,9943.3K

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 ↗.