NDWM LLC

Portfolio Overview

NDWM LLC disclosed 39 positions worth $170.2M in its Form 13F-HR for Q2 2026 — $170.2M in common stock plus $4,320 of put/call option positions (reported at underlying notional value, not premium at risk), followed by $IVZ. During the quarter the fund opened 4 new positions and exited 3 and a full exit from $NOW. The portfolio is most concentrated in Other (81.1% of disclosed assets). All figures are sourced directly from NDWM LLC’s Form 13F-HR filing with the SEC under CIK 1818386.

• ISHARES TR - CORE S&P500 ETF

  —

  Quality

  $48.9M65,309 sh
• 

  Invesco Ltd.

  $IVZ

  —

  Quality

  $16.4M77,021 sh

• ISHARES TR - CORE US AGGBD ET

  —

  Quality

  $12.7M127,840 sh

• SPDR SERIES TRUST - ST STR BL 12 ETF

  —

  Quality

  $9.8M98,197 sh
• 

  SPDR GOLD TRUST

  $GLD

  —

  Quality

  $8.1M21,943 sh

• ISHARES TR - 0-5YR INVT GR CP

  —

  Quality

  $7.6M150,111 sh
• 

  SPDR S&P 500 ETF TRUST

  $SPY

  —

  Quality

  $6.9M9,264 sh

• ISHARES TR - MSCI USA VALUE

  —

  Quality

  $5.4M26,976 sh

• ISHARES TR - CALIF MUN BD ETF

  —

  Quality

  $5.3M92,199 sh

• ISHARES TR - MSCI EMG MKT ETF

  —

  Quality

  $5.2M75,626 sh

Company	Quality	Value	Shares
ISHARES TR - CORE S&P500 ETF	—	$48.9M	65,309
Invesco Ltd.$IVZ	—	$16.4M	77,021
ISHARES TR - CORE US AGGBD ET	—	$12.7M	127,840
SPDR SERIES TRUST - ST STR BL 12 ETF	—	$9.8M	98,197
SPDR GOLD TRUST$GLD	—	$8.1M	21,943
ISHARES TR - 0-5YR INVT GR CP	—	$7.6M	150,111
SPDR S&P 500 ETF TRUST$SPY	—	$6.9M	9,264
ISHARES TR - MSCI USA VALUE	—	$5.4M	26,976
ISHARES TR - CALIF MUN BD ETF	—	$5.3M	92,199
ISHARES TR - MSCI EMG MKT ETF	—	$5.2M	75,626

Showing top 10 of 39 holdings.

Full Holdings — NDWM LLC (Q2 2026)

All 39 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	—	ISHARES TR - CORE S&P500 ETF	$48.9M	28.7%	+1%	—
2	$IVZ	Invesco Ltd.	$16.4M	9.6%	+11%	—
3	—	ISHARES TR - CORE US AGGBD ET	$12.7M	7.4%	+7%	—
4	—	SPDR SERIES TRUST - ST STR BL 12 ETF	$9.8M	5.7%	-12%	—
5	$GLD	SPDR GOLD TRUST	$8.1M	4.8%	+2%	—
6	—	ISHARES TR - 0-5YR INVT GR CP	$7.6M	4.4%	+17%	—
7	$SPY	SPDR S&P 500 ETF TRUST	$6.9M	4.1%	-17%	—
8	—	ISHARES TR - MSCI USA VALUE	$5.4M	3.2%	+7%	—
9	—	ISHARES TR - CALIF MUN BD ETF	$5.3M	3.1%	+2%	—
10	—	ISHARES TR - MSCI EMG MKT ETF	$5.2M	3.0%	+3%	—
11	—	ISHARES TR - MSCI ACWI EX US	$4.8M	2.8%	+4%	—
12	—	ISHARES TR - RUSSELL 2000 ETF	$4.7M	2.8%	+8%	—
13	—	BLACKROCK ETF TRUST II - ISHA SH TERM ETF	$4.5M	2.6%	+6%	—
14	—	VANGUARD CALIF TAX FREE FDS - TAX EXEMPT BD FD	$4.4M	2.6%	+4%	—
15	—	SPDR SERIES TRUST - ST STR BLO 1 ETF	$3.4M	2.0%	-20%	—
16	—	SELECT SECTOR SPDR TR - ST STR TECHN ETF	$2.8M	1.6%	+0%	—
17	$BRK.B	BERKSHIRE HATHAWAY INC	$2.5M	1.5%	+1%	73.6
18	—	ISHARES TR - SHRT NAT MUN ETF	$2.1M	1.3%	+1%	—
19	—	ISHARES TR - NATIONAL MUN ETF	$2.1M	1.2%	-2%	—
20	—	ISHARES TR - 1 3 YR TREAS BD	$1.5M	0.9%	+22%	—
21	$QQQ	INVESCO QQQ TRUST, SERIES 1	$1.5M	0.9%	-0%	—
22	$TSLA	Tesla, Inc.	$1.3M	0.8%	+0%	53.6
23	—	ISHARES TR - 3 7 YR TREAS BD	$1.1M	0.7%	+156%	—
24	—	SPDR SERIES TRUST - ST STR SP500DIV	$1.1M	0.7%	+50%	—
25	$AAPL	Apple Inc.	$1.1M	0.6%	+4%	76.3
26	—	ISHARES TR - 7-10 YR TRSY BD	$1.1M	0.6%	NEW	—
27	$WT	WisdomTree, Inc.	$699,692	0.4%	-1%	59.6
28	—	ISHARES TR - 0-5YR HI YL CP	$456,693	0.3%	-58%	—
29	$CAT	CATERPILLAR INC	$417,441	0.3%	+0%	66.3
30	$GOOG	Alphabet Inc.	$388,956	0.2%	+10%	78.1
31	—	VANGUARD INDEX FDS - S&P 500 ETF SHS	$375,490	0.2%	NEW	—
32	$MSFT	MICROSOFT CORP	$292,448	0.2%	+8%	79.7
33	$LLY	ELI LILLY & Co	$272,271	0.2%	+0%	87.5
34	$BA	BOEING CO	$265,609	0.2%	+0%	61.4
35	—	ISHARES TR - U.S. TECH ETF	$263,580	0.1%	NEW	—
36	$AMD	ADVANCED MICRO DEVICES INC	$221,908	0.1%	NEW	79.7
37	$META	Meta Platforms, Inc.	$217,145	0.1%	+9%	79.6
38	—	SELECT SECTOR SPDR TR - ST STR ENERG ETF	$202,808	0.1%	+0%	—
39	$AAPLCALL	Apple Inc.	$4,320	—	-99%	76.3