NDWM LLC — 13F Holdings & Portfolio

CIK 1818386 · latest 13F-HR filed 2026-07-23

NDWM LLC manages $170.2M in 13F-reported U.S. long-equity assets across 39 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are IVV (28.73%), RSP (9.63%), AGG (7.43%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 4 new positions, exited 3, added to 25, and trimmed 5.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Filer Information
Address
4250 EXECUTIVE SQUARE, SUITE 545
LA JOLLA, CA 92037
Phone
(858) 457-1325
Filing Manager
NDWM LLC
LA JOLLA, CA
Signatory
Richard Nerad
Managing Member & CCO
Loading holdings…
AUM

$170.2M

Long-equity book

Holdings

39

Distinct positions

Period

2026-06-30

Filed 2026-07-23

Q/Q Activity

+4 / −3 / ↑25 / ↓5

vs 2026-03-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • ISHARES TR$6.5M +15.4%
  • INVESCO EXCHANGE TRADED FD T$3.1M +23.0%
  • ISHARES TR$1.8M +49.9%
  • ISHARES TR$1.1M +31.0%
  • ISHARES TR$1.1M +16.3%
Show all 25

Top Trims

  • SPDR SERIES TRUST-$1.4M -12.5%
  • SPDR GOLD TR-$1.2M -13.0%
  • SPDR SERIES TRUST-$880.5K -20.4%
  • ISHARES TR-$630.3K -58.0%
  • SELECT SECTOR SPDR TR-$30.6K -13.1%
Show all 5

New Positions

  • ISHARES TR$1.1M
  • VANGUARD INDEX FDS$375.5K
  • ISHARES TR$263.6K
  • ADVANCED MICRO DEVICES INC$221.9K
Show all 4

Exited Positions

  • SERVICENOW INC$1.1M
  • DOMINION ENERGY INC$340.0K
  • SPROTT ASSET MANAGEMENT LP$208.1K
Show all 3
All Holdings

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 ISHARES TR IVV 464287200 $48.9M 28.73% 65,309 SH
2 INVESCO EXCHANGE TRADED FD T RSP 46137V357 $16.4M 9.63% 77,021 SH
3 ISHARES TR AGG 464287226 $12.7M 7.43% 127,840 SH
4 SPDR SERIES TRUST BILS 78468R523 $9.8M 5.73% 98,197 SH
5 SPDR GOLD TR GLD 78463V107 $8.1M 4.75% 21,943 SH
6 ISHARES TR SLQD 46434V100 $7.6M 4.44% 150,111 SH
7 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $6.9M 4.06% 9,264 SH
8 ISHARES TR VLUE 46432F388 $5.4M 3.17% 26,976 SH
9 ISHARES TR CMF 464288356 $5.3M 3.12% 92,199 SH
10 ISHARES TR EEM 464287234 $5.2M 3.04% 75,626 SH
11 ISHARES TR ACWX 464288240 $4.8M 2.81% 62,953 SH
12 ISHARES TR IWM 464287655 $4.7M 2.76% 15,655 SH
13 BLACKROCK ETF TRUST II CALI 092528884 $4.5M 2.64% 88,772 SH
14 VANGUARD CALIF TAX FREE FDS VTEC 922021605 $4.4M 2.56% 43,280 SH
15 SPDR SERIES TRUST BIL 78468R663 $3.4M 2.02% 37,596 SH
16 SELECT SECTOR SPDR TR XLK 81369Y803 $2.8M 1.62% 14,470 SH
17 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $2.5M 1.47% 4,999 SH
18 ISHARES TR SUB 464288158 $2.1M 1.25% 19,945 SH
19 ISHARES TR MUB 464288414 $2.1M 1.24% 19,540 SH
20 ISHARES TR SHY 464287457 $1.5M 0.89% 18,454 SH
21 INVESCO QQQ TR QQQ 46090E103 $1.5M 0.89% 2,055 SH
22 TESLA INC TSLA 88160R101 $1.3M 0.78% 3,141 SH
23 ISHARES TR IEI 464288661 $1.1M 0.67% 9,646 SH
24 SPDR SERIES TRUST SPYD 78468R788 $1.1M 0.66% 23,451 SH
25 APPLE INC AAPL 037833100 $1.1M 0.62% 3,663 SH
26 ISHARES TR IEF 464287440 $1.1M 0.62% 11,163 SH
27 WISDOMTREE TR NTSX 97717Y790 $699.7K 0.41% 11,849 SH
28 ISHARES TR SHYG 46434V407 $456.7K 0.27% 10,769 SH
29 CATERPILLAR INC CAT 149123101 $417.4K 0.25% 392 SH
30 ALPHABET INC GOOGL 02079K305 $389.0K 0.23% 1,088 SH
31 VANGUARD INDEX FDS VOO 922908363 $375.5K 0.22% 547 SH
32 MICROSOFT CORP MSFT 594918104 $292.4K 0.17% 784 SH
33 ELI LILLY & CO LLY 532457108 $272.3K 0.16% 227 SH
34 BOEING CO BA 097023105 $265.6K 0.16% 1,227 SH
35 ISHARES TR IYW 464287721 $263.6K 0.15% 1,045 SH
36 ADVANCED MICRO DEVICES INC AMD 007903107 $221.9K 0.13% 382 SH
37 META PLATFORMS INC META 30303M102 $217.1K 0.13% 385 SH
38 SELECT SECTOR SPDR TR XLE 81369Y506 $202.8K 0.12% 3,819 SH
39 APPLE INC Call AAPL 037833100 $4.3K 0.00% 30 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-23 $170.2M 39 0001818386-26-000003
2026-03-31 2026-04-27 $154.2M 38 0001818386-26-000002
2025-12-31 2026-02-05 $151.1M 34 0001818386-26-000001