Top Institutional Investors

NDVR, Inc. — 13F Holdings & Portfolio

CIK 2011247 · latest 13F-HR filed 2026-02-12

Backtest portfolio

NDVR, Inc. manages $120.5M in 13F-reported U.S. long-equity assets across 121 reported positions as of its 2025-12-31 13F-HR filing. Its largest disclosed positions are VEA (23.75%), HUBS (8.24%), VWO (7.97%). Quarter over quarter (versus its 2025-09-30 filing) the fund opened 32 new positions and exited 26; 26 existing positions rose in reported value and 35 fell.

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.

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AUM
$120.5M

Long-equity book

Holdings
121

Distinct positions

Period
2025-12-31

Filed 2026-02-12

Q/Q Activity
+32 / −26 / ↑26 / ↓35

vs 2025-09-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q4 25
VEA23.8% · -1%HUBS8.2% · -5%VWO8.0% · -1%SGOV5.3% · +8%AMZN4.9% · -0%GLDM4.0% · -10%MSFT3.7% · -4%VTI3.1% · -4%NVDA2.7% · -1%AAPL2.5% · +0%VOO1.5% · 0%IEFA1.5% · +0%GOOGL1.2% · +15%GOOG1.0% · +19%AVGO0.9% · +26%META0.8% · +2%WMT0.8% · -7%EPAM0.7% · -0%SCHF0.7% · -2%JPM0.6% · -1%TSLA0.6% · +38%IEMG0.5% · +1%LLY0.5% · +26%ABBV0.4% · -5%XOM0.4% · -1%BRK.B0.4% · +2%TJX0.3% · +5%V0.3% · -9%MCK0.3% · -18%GILD0.3% · -4%CAH0.3% · -22%PGR0.3% · -6%HIG0.3% · -8%IAU0.3% · 0%TRV0.3% · -4%FOXA0.3% · -9%LDOS0.3% · -2%NEM0.3% · newCOR0.3% · -14%FOX0.3% · -1%LAUR0.3% · +31%SCHW0.3% · newT0.3% · +28%AXP0.3% · -13%MTG0.3% · -8%L0.3% · -7%MLI0.3% · -37%EXEL0.3% · +20%ORI0.3% · -10%MCY0.3% · -1%IDCC0.3% · -26%HURN0.3% · -6%DLTR0.3% · newFHI0.3% · -10%ALL0.2% · +27%COKE0.2% · -26%UTHR0.2% · +5%WRB0.2% · -13%VTV0.2% · 0%PGNY0.2% · new

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q3 25 → Q4 25

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

2 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 66.1%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Apr 1, 2025.

Assets Under Management
$203.8M
Discretionary
$203.8M
Employees
14
Accounts
345
Address
75 STATE STREET
SUITE 100
BOSTON, MA 02109
Phone
(857) 326-6992
Website
Name Title / Status Ownership Type
BAKER, AMBER, DAWN ControlCHIEF COMPLIANCE OFFICER / GENERAL COUNSEL
since Jan 2024
Less than 5%Individual
BURKE, STEVEN, MATTHEW ControlTRUSTEE FOR THE SIMON FAMILY TRUSTS
since Dec 2021
Less than 5%Individual
POLARIS PARTNERS VIII, L.P. ControlSHAREHOLDER - SERIES A AND B PREFERRED STOCK
since Aug 2019
10–25%Domestic Entity
SIMON, MICHAEL, KELLY ControlCHIEF EXECUTIVE OFFICER / PRESIDENT / SECRETARY OF THE BOARD
since Jan 2019
10–25%Individual
SIMON, MICHAEL, KELLY ControlTRUSTEE FOR THE SIMON FAMILY TRUSTS
since Dec 2021
10–25%Individual
THE SIMON FAMILY GKMMW IRREVOCABLE TRUST OF 2021SHAREHOLDER - COMMON STOCK
since Dec 2021
10–25%Domestic Entity
THE SIMON FAMILY MMMW IRREVOCABLE TRUST OF 2021SHAREHOLDER - COMMON STOCK
since Dec 2021
10–25%Domestic Entity
POLARIS PARTNERS GP VIII, L.L.C. Control
Indirect owner via POLARIS PARTNERS VIII, L.P.
GENERAL PARTNER
since Aug 2019
General partner, trustee or managerDomestic Entity
Ownership & leadership changes · 7 filings with changes since Jan 8, 2021

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Aug 29, 2024 filing
  • No longer listedBARRETT, DAVID, EMIL · DIRECTOR · Less than 5% · control person · listed since Aug 2019
  • No longer listedLO, STEPHANIE, HOI-YEE · CHIEF RESEARCH OFFICER · Less than 5% · control person · listed since Dec 2023
Mar 27, 2024 filing
  • No longer listedQUINT, LAUREN, ALEXANDER · CHIEF FINANCIAL OFFICER / TREASURER · Less than 5% · control person · listed since Jan 2024
Jan 23, 2024 filing
  • No longer listedISRAELOV, RONI, (NMN) · PRESIDENT/CHIEF INVESTMENT OFFICER · Less than 5% · control person · listed since Feb 2020
  • AddedBAKER, AMBER, DAWN · CHIEF COMPLIANCE OFFICER / GENERAL COUNSEL · Less than 5% · control person
  • AddedLO, STEPHANIE, HOI-YEE · CHIEF RESEARCH OFFICER · Less than 5% · control person
  • AddedQUINT, LAUREN, ALEXANDER · CHIEF FINANCIAL OFFICER / TREASURER · Less than 5% · control person
  • ChangedSIMON, MICHAEL, KELLY · title CHIEF COMPLIANCE OFFICER, CHIEF EXECUTIVE OFFICER, DIRECTOR, SHAREHOLDER - COMMON STOCK AND SERIES A AND B PREFERRED STOCK / TRUSTEE FOR THE SIMON FAMILY TRUSTS → CHIEF EXECUTIVE OFFICER / PRESIDENT / SECRETARY OF THE BOARD / TRUSTEE FOR THE SIMON FAMILY TRUSTS
Aug 16, 2023 filing
  • No longer listedSTAHL, PETER, DANIEL · GENERAL COUNSEL/CHIEF COMPLIANCE OFFICER/CHIEF ADMINISTRATIVE OFFICER · Less than 5% · control person · listed since Jan 2020
  • ChangedSIMON, MICHAEL, KELLY · title CHIEF EXECUTIVE OFFICER, DIRECTOR, SHAREHOLDER - COMMON STOCK AND SERIES A AND B PREFERRED STOCK / TRUSTEE FOR THE SIMON FAMILY TRUSTS → CHIEF COMPLIANCE OFFICER, CHIEF EXECUTIVE OFFICER, DIRECTOR, SHAREHOLDER - COMMON STOCK AND SERIES A AND B PREFERRED STOCK / TRUSTEE FOR THE SIMON FAMILY TRUSTS
Jan 13, 2023 filing
  • ChangedPOLARIS PARTNERS VIII, L.P. · title SHAREHOLDER - SERIES A PREFERRED STOCK → SHAREHOLDER - SERIES A AND B PREFERRED STOCK
  • ChangedSIMON, MICHAEL, KELLY · title CHIEF EXECUTIVE OFFICER, DIRECTOR, SHAREHOLDER - COMMON STOCK AND SERIES A PREFERRED STOCK / TRUSTEE FOR THE SIMON FAMILY TRUSTS → CHIEF EXECUTIVE OFFICER, DIRECTOR, SHAREHOLDER - COMMON STOCK AND SERIES A AND B PREFERRED STOCK / TRUSTEE FOR THE SIMON FAMILY TRUSTS; ownership 5–10% → 10–25%
Feb 11, 2022 filing
  • No longer listedTHE SIMON FAMILY GKMMW IRREVOCABLE TRUST OF 2021 (TRUSTEES: MICHAEL K. SIMON AND STEVEN M. BURKE) · SHAREHOLDER - COMMON STOCK · 10–25% · listed since Dec 2021
  • No longer listedTHE SIMON FAMILY MMMW IRREVOCABLE TRUST OF 2021 (TRUSTEES: MICHAEL K. SIMON AND STEVEN M. BURKE) · SHAREHOLDER - COMMON STOCK · 10–25% · listed since Dec 2021
  • AddedBURKE, STEVEN, MATTHEW · TRUSTEE FOR THE SIMON FAMILY TRUSTS · Less than 5% · control person
  • AddedTHE SIMON FAMILY GKMMW IRREVOCABLE TRUST OF 2021 · SHAREHOLDER - COMMON STOCK · 10–25%
  • AddedTHE SIMON FAMILY MMMW IRREVOCABLE TRUST OF 2021 · SHAREHOLDER - COMMON STOCK · 10–25%
  • ChangedSIMON, MICHAEL, KELLY · title CHIEF EXECUTIVE OFFICER, DIRECTOR, SHAREHOLDER - COMMON STOCK AND SERIES A PREFERRED STOCK → CHIEF EXECUTIVE OFFICER, DIRECTOR, SHAREHOLDER - COMMON STOCK AND SERIES A PREFERRED STOCK / TRUSTEE FOR THE SIMON FAMILY TRUSTS
Jan 24, 2022 filing
  • AddedTHE SIMON FAMILY GKMMW IRREVOCABLE TRUST OF 2021 (TRUSTEES: MICHAEL K. SIMON AND STEVEN M. BURKE) · SHAREHOLDER - COMMON STOCK · 10–25%
  • AddedTHE SIMON FAMILY MMMW IRREVOCABLE TRUST OF 2021 (TRUSTEES: MICHAEL K. SIMON AND STEVEN M. BURKE) · SHAREHOLDER - COMMON STOCK · 10–25%
  • ChangedPOLARIS PARTNERS VIII, L.P. · title SHAREHOLDER → SHAREHOLDER - SERIES A PREFERRED STOCK
  • ChangedSIMON, MICHAEL, KELLY · title CHIEF EXECUTIVE OFFICER, DIRECTOR, SHAREHOLDER → CHIEF EXECUTIVE OFFICER, DIRECTOR, SHAREHOLDER - COMMON STOCK AND SERIES A PREFERRED STOCK; ownership 50–75% → 5–10%
Jan 8, 2021 filing (earliest on record)
  • ListedBARRETT, DAVID, EMIL · DIRECTOR · Less than 5% · control person
  • ListedISRAELOV, RONI, (NMN) · PRESIDENT/CHIEF INVESTMENT OFFICER · Less than 5% · control person
  • ListedPOLARIS PARTNERS GP VIII, L.L.C. · GENERAL PARTNER · General partner, trustee or manager · indirect via POLARIS PARTNERS VIII, L.P. · control person
  • ListedPOLARIS PARTNERS VIII, L.P. · SHAREHOLDER · 10–25% · control person
  • ListedSIMON, MICHAEL, KELLY · CHIEF EXECUTIVE OFFICER, DIRECTOR, SHAREHOLDER · 50–75% · control person
  • ListedSTAHL, PETER, DANIEL · GENERAL COUNSEL/CHIEF COMPLIANCE OFFICER/CHIEF ADMINISTRATIVE OFFICER · Less than 5% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 26 →

Top Trims

Show all 35 →

New Positions

Show all 32 →

Exited Positions

Show all 26 →

NDVR, Inc. Holdings (2025-12-31)

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 VANGUARD TAX-MANAGED FDS VEA 921943858 $28.6M 23.75% 458,244 SH
2 HUBSPOT INC HUBS 443573100 $9.9M 8.24% 24,747 SH
3 VANGUARD INTL EQUITY INDEX F VWO 922042858 $9.6M 7.97% 178,573 SH
4 ISHARES TR SGOV 46436E718 $6.4M 5.31% 63,694 SH
5 AMAZON COM INC AMZN 023135106 $5.9M 4.86% 25,367 SH
6 WORLD GOLD TR GLDM 98149E303 $4.8M 4.02% 56,736 SH
7 MICROSOFT CORP MSFT 594918104 $4.4M 3.67% 9,151 SH
8 VANGUARD INDEX FDS VTI 922908769 $3.8M 3.14% 11,290 SH
9 NVIDIA CORPORATION NVDA 67066G104 $3.2M 2.66% 17,185 SH
10 APPLE INC AAPL 037833100 $3.0M 2.51% 11,113 SH
11 VANGUARD INDEX FDS VOO 922908363 $1.8M 1.53% 2,948 SH
12 ISHARES TR IEFA 46432F842 $1.8M 1.48% 19,993 SH
13 ALPHABET INC GOOGL 02079K305 $1.5M 1.22% 4,689 SH
14 ALPHABET INC GOOG 02079K107 $1.3M 1.04% 4,004 SH
15 BROADCOM INC AVGO 11135F101 $1.1M 0.93% 3,251 SH
16 META PLATFORMS INC META 30303M102 $965.1K 0.80% 1,462 SH
17 WALMART INC WMT 931142103 $909.1K 0.75% 8,160 SH
18 EPAM SYS INC EPAM 29414B104 $819.5K 0.68% 4,000 SH
19 SCHWAB STRATEGIC TR SCHF 808524805 $785.7K 0.65% 32,682 SH
20 JPMORGAN CHASE & CO. JPM 46625H100 $732.1K 0.61% 2,272 SH
21 TESLA INC TSLA 88160R101 $691.7K 0.57% 1,538 SH
22 ISHARES INC IEMG 46434G103 $586.1K 0.49% 8,719 SH
23 ELI LILLY & CO LLY 532457108 $543.8K 0.45% 506 SH
24 ABBVIE INC ABBV 00287Y109 $520.7K 0.43% 2,279 SH
25 EXXON MOBIL CORP XOM 30231G102 $518.4K 0.43% 4,307 SH
26 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $478.5K 0.40% 952 SH
27 TJX COS INC NEW TJX 872540109 $411.2K 0.34% 2,677 SH
28 VISA INC V 92826C839 $396.7K 0.33% 1,131 SH
29 MCKESSON CORP MCK 58155Q103 $383.9K 0.32% 468 SH
30 GILEAD SCIENCES INC GILD 375558103 $374.0K 0.31% 3,047 SH
31 CARDINAL HEALTH INC CAH 14149Y108 $365.4K 0.30% 1,778 SH
32 PROGRESSIVE CORP PGR 743315103 $364.1K 0.30% 1,599 SH
33 HARTFORD INSURANCE GROUP INC HIG 416515104 $362.8K 0.30% 2,633 SH
34 ISHARES GOLD TR IAU 464285204 $357.8K 0.30% 4,408 SH
35 TRAVELERS COMPANIES INC TRV 89417E109 $357.6K 0.30% 1,233 SH
36 FOX CORP FOXA 35137L105 $351.8K 0.29% 4,815 SH
37 LEIDOS HOLDINGS INC LDOS 525327102 $345.1K 0.29% 1,913 SH
38 NEWMONT CORP NEM 651639106 $341.9K 0.28% 3,424 SH
39 CENCORA INC COR 03073E105 $340.5K 0.28% 1,008 SH
40 FOX CORP FOX 35137L204 $334.9K 0.28% 5,158 SH
41 LAUREATE EDUCATION INC LAUR 518613203 $334.8K 0.28% 9,944 SH
42 SCHWAB CHARLES CORP SCHW 808513105 $329.7K 0.27% 3,300 SH
43 AT&T INC T 00206R102 $329.7K 0.27% 13,271 SH
44 AMERICAN EXPRESS CO AXP 025816109 $329.3K 0.27% 890 SH
45 MGIC INVT CORP WIS MTG 552848103 $326.1K 0.27% 11,161 SH
46 LOEWS CORP L 540424108 $324.6K 0.27% 3,082 SH
47 MUELLER INDS INC MLI 624756102 $324.5K 0.27% 2,827 SH
48 EXELIXIS INC EXEL 30161Q104 $321.4K 0.27% 7,333 SH
49 OLD REP INTL CORP ORI 680223104 $312.6K 0.26% 6,849 SH
50 MERCURY GENL CORP NEW MCY 589400100 $312.6K 0.26% 3,323 SH
Filing History
Period Filed AUM Holdings Accession
2025-12-31 2026-02-12 $120.5M 121 0001172661-26-000646
2025-09-30 2025-10-22 $120.0M 115 0001172661-25-004382