NDWM LLC
Long book
$154.2M
Q1 2026
Positions
37
Top-10 weight
75%
concentration
Last quarter
+8.7%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsNDWM LLC is a wealth-management firm allocating client money, specialised in financials (71% of the long book), running a $154.2M US long book across 37 positions.
The portfolio is concentrated: the top 10 names carry 75% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES CORE S&P 500 ETF, INVESCO S&P 500 EQUAL WEIGHT, ISHARES CORE U.S. AGGREGATE, SS SPDRB B 3-12M T-BILL ETF, SPDR GOLD SHARES.
Over the last 9 quarters its long book ran on average 1.5pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.6%
Q2 2024
+4.9%
Q3 2024
+2.0%
Q4 2024
-3.3%
Q1 2025
+6.4%
Q2 2025
+6.2%
Q3 2025
+2.3%
Q4 2025
-2.5%
Q1 2026
+8.7%
Sector allocation
Technology 37%
Financials 33%
Industrials 23%
Utilities 5%
Healthcare 3%
Long book by quarter
What does NDWM LLC own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 5.0K | $2.4M | 1.5% | -8.0% |
| TSLA TESLA INC | Industrials | 3.1K | $1.2M | 0.8% | -2.3% |
| NOW SERVICENOW INC | Technology | 10.1K | $1.1M | 0.7% | -14.0% |
| AAPL APPLE INC | Technology | 3.5K | $896K | 0.6% | -1.6% |
| D DOMINION ENERGY INC | Utilities | 5.5K | $340K | 0.2% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 990 | $285K | 0.2% | +16.5% |
| CAT CATERPILLAR INC | Industrials | 392 | $278K | 0.2% | Held |
| MSFT MICROSOFT CORP | Technology | 723 | $268K | 0.2% | -13.2% |
| BA BOEING CO/THE | Industrials | 1.2K | $244K | 0.2% | Held |
| LLY ELI LILLY & CO | Healthcare | 227 | $209K | 0.1% | -15.9% |
| META META PLATFORMS INC-CLASS A | Technology | 354 | $203K | 0.1% | -39.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 27, 2026 | 38 | $154.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 34 | $151.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 34 | $147.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 31, 2025 | 31 | $136.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 2, 2025 | 33 | $102.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 5, 2025 | 31 | $119.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 22, 2024 | 32 | $121.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 1, 2024 | 33 | $112.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 19, 2024 | 32 | $109.8M | canonical | SEC ↗ |