NDWM LLC Concentrated Active

Name: NDWM LLC Q2 2026 13F Filing | 13F Explorer
Creator: NDWM LLC
Published: 2026-07-23

Location: La Jolla, CA

CIK: 0001818386 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Jul 23, 2026

Total Value: $170M (100.0% shares, 0.0% debt)

Holdings (39)

New Positions (4)

IEF ISHARES TR 0.6%

Value $1.056M Shares 11,163 Est. Cost $94.57 Unrealized —

VOO VANGUARD INDEX FDS 0.2%

Value $375K Shares 547 Est. Cost $686.45 Unrealized —

IYW ISHARES TR 0.2%

Value $264K Shares 1,045 Est. Cost $252.23 Unrealized —

AMD ADVANCED MICRO DEVICES INC 0.1%

Value $222K Shares 382 Est. Cost $580.91 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IEF	ISHARES TR	11,163	$1.056M	0.6%	$94.57	—	7-10 YR TRSY BD	464287440
VOO	VANGUARD INDEX FDS	547	$375K	0.2%	$686.45	—	S&P 500 ETF SHS	922908363
IYW	ISHARES TR	1,045	$264K	0.2%	$252.23	—	U.S. TECH ETF	464287721
AMD	ADVANCED MICRO DEVICES INC	382	$222K	0.1%	$580.91	—	COM	007903107

Increased Positions (19)

RSP INVESCO EXCHANGE TRADED FD T 9.6%

Value $16.39M (+23.0%) Shares 77,021 (+10.9%) Est. Cost $184.65 Unrealized —

VLUE ISHARES TR 3.2%

Value $5.39M (+49.9%) Shares 26,976 (+6.7%) Est. Cost $145.81 Unrealized —

GLD SPDR GOLD TR 4.7%

Value $8.083M (-13.0%) Shares 21,943 (+1.6%) Est. Cost $299.52 Unrealized —

IWM ISHARES TR 2.8%

Value $4.703M (+31.0%) Shares 15,655 (+8.1%) Est. Cost $251.94 Unrealized —

SLQD ISHARES TR 4.4%

Value $7.561M (+16.3%) Shares 150,111 (+16.6%) Est. Cost $50.31 Unrealized —

EEM ISHARES TR 3.0%

Value $5.174M (+24.3%) Shares 75,626 (+3.2%) Est. Cost $54.68 Unrealized —

AGG ISHARES TR 7.4%

Value $12.65M (+7.0%) Shares 127,840 (+7.3%) Est. Cost $99.20 Unrealized —

IEI ISHARES TR 0.7%

Value $1.133M (+153.7%) Shares 9,646 (+156.2%) Est. Cost $117.75 Unrealized —

ACWX ISHARES TR 2.8%

Value $4.791M (+16.0%) Shares 62,953 (+4.4%) Est. Cost $68.79 Unrealized —

SPYD SPDR SERIES TRUST 0.7%

Value $1.119M (+57.2%) Shares 23,451 (+50.0%) Est. Cost $45.60 Unrealized —

SHY ISHARES TR 0.9%

Value $1.515M (+21.5%) Shares 18,454 (+22.2%) Est. Cost $82.40 Unrealized —

CALI BLACKROCK ETF TRUST II 2.6%

Value $4.486M (+6.1%) Shares 88,772 (+5.9%) Est. Cost $50.51 Unrealized —

VTEC VANGUARD CALIF TAX FREE FDS 2.6%

Value $4.354M (+5.1%) Shares 43,280 (+3.5%) Est. Cost $98.51 Unrealized —

CMF ISHARES TR 3.1%

Value $5.314M (+3.2%) Shares 92,199 (+1.8%) Est. Cost $56.28 Unrealized —

AAPL APPLE INC 0.6%

Value $1.06M (+18.3%) Shares 3,663 (+3.7%) Est. Cost $189.46 Unrealized —

GOOGL ALPHABET INC 0.2%

Value $389K (+36.6%) Shares 1,088 (+9.9%) Est. Cost $237.24 Unrealized —

SUB ISHARES TR 1.2%

Value $2.124M (+1.4%) Shares 19,945 (+1.4%) Est. Cost $106.31 Unrealized —

MSFT MICROSOFT CORP 0.2%

Value $292K (+9.3%) Shares 784 (+8.4%) Est. Cost $352.12 Unrealized —

META META PLATFORMS INC 0.1%

Value $217K (+7.1%) Shares 385 (+8.8%) Est. Cost $644.37 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RSP	INVESCO EXCHANGE TRADED FD T	77,021 (+10.9%)	$16.39M (+23.0%)	9.6%	$184.65	—	S&P500 EQL WGT	46137V357
VLUE	ISHARES TR	26,976 (+6.7%)	$5.39M (+49.9%)	3.2%	$145.81	—	MSCI USA VALUE	46432F388
GLD	SPDR GOLD TR	21,943 (+1.6%)	$8.083M (-13.0%)	4.7%	$299.52	—	GOLD SHS	78463V107
IWM	ISHARES TR	15,655 (+8.1%)	$4.703M (+31.0%)	2.8%	$251.94	—	RUSSELL 2000 ETF	464287655
SLQD	ISHARES TR	150,111 (+16.6%)	$7.561M (+16.3%)	4.4%	$50.31	—	0-5YR INVT GR CP	46434V100
EEM	ISHARES TR	75,626 (+3.2%)	$5.174M (+24.3%)	3.0%	$54.68	—	MSCI EMG MKT ETF	464287234
AGG	ISHARES TR	127,840 (+7.3%)	$12.65M (+7.0%)	7.4%	$99.20	—	CORE US AGGBD ET	464287226
IEI	ISHARES TR	9,646 (+156.2%)	$1.133M (+153.7%)	0.7%	$117.75	—	3 7 YR TREAS BD	464288661
ACWX	ISHARES TR	62,953 (+4.4%)	$4.791M (+16.0%)	2.8%	$68.79	—	MSCI ACWI EX US	464288240
SPYD	SPDR SERIES TRUST	23,451 (+50.0%)	$1.119M (+57.2%)	0.7%	$45.60	—	ST STR SP500DIV	78468R788
SHY	ISHARES TR	18,454 (+22.2%)	$1.515M (+21.5%)	0.9%	$82.40	—	1 3 YR TREAS BD	464287457
CALI	BLACKROCK ETF TRUST II	88,772 (+5.9%)	$4.486M (+6.1%)	2.6%	$50.51	—	ISHA SH TERM ETF	092528884
VTEC	VANGUARD CALIF TAX FREE FDS	43,280 (+3.5%)	$4.354M (+5.1%)	2.6%	$98.51	—	TAX EXEMPT BD FD	922021605
CMF	ISHARES TR	92,199 (+1.8%)	$5.314M (+3.2%)	3.1%	$56.28	—	CALIF MUN BD ETF	464288356
AAPL	APPLE INC	3,663 (+3.7%)	$1.06M (+18.3%)	0.6%	$189.46	—	COM	037833100
GOOGL	ALPHABET INC	1,088 (+9.9%)	$389K (+36.6%)	0.2%	$237.24	—	CAP STK CL A	02079K305
SUB	ISHARES TR	19,945 (+1.4%)	$2.124M (+1.4%)	1.2%	$106.31	—	SHRT NAT MUN ETF	464288158
MSFT	MICROSOFT CORP	784 (+8.4%)	$292K (+9.3%)	0.2%	$352.12	—	COM	594918104
META	META PLATFORMS INC	385 (+8.8%)	$217K (+7.1%)	0.1%	$644.37	—	CL A	30303M102

Exited Positions (3)

NOW SERVICENOW INC 0.6%

Value $1.056M Shares 10,104 Est. Cost $163.14 Unrealized —

D DOMINION ENERGY INC 0.2%

Value $340K Shares 5,500 Est. Cost $53.16 Unrealized —

PHYS SPROTT ASSET MANAGEMENT LP 0.1%

Value $208K Shares 5,871 Est. Cost $35.44 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NOW	SERVICENOW INC	10,104	$1.056M	0.6%	$163.14	—	—	81762P102
D	DOMINION ENERGY INC	5,500	$340K	0.2%	$53.16	—	—	25746U109
PHYS	SPROTT ASSET MANAGEMENT LP	5,871	$208K	0.1%	$35.44	—	—	85207H104

Decreased Positions (6)

BILS SPDR SERIES TRUST 5.7%

Value $9.759M (-12.5%) Shares 98,197 (-12.4%) Est. Cost $99.15 Unrealized —

BIL SPDR SERIES TRUST 2.0%

Value $3.445M (-20.4%) Shares 37,596 (-20.4%) Est. Cost $91.42 Unrealized —

SHYG ISHARES TR 0.3%

Value $457K (-58.0%) Shares 10,769 (-58.1%) Est. Cost $42.58 Unrealized —

SPY STATE STR SPDR S&P 500 ETF T 4.1%

Value $6.918M (-4.3%) Shares 9,264 (-16.7%) Est. Cost $610.64 Unrealized —

MUB ISHARES TR 1.2%

Value $2.103M (-0.6%) Shares 19,540 (-2.0%) Est. Cost $105.20 Unrealized —

AAPL APPLE INC 0.0%

Value $4,320 (+63.6%) Shares 30 (-99.0%) Est. Cost $189.46 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BILS	SPDR SERIES TRUST	98,197 (-12.4%)	$9.759M (-12.5%)	5.7%	$99.15	—	ST STR BL 12 ETF	78468R523
BIL	SPDR SERIES TRUST	37,596 (-20.4%)	$3.445M (-20.4%)	2.0%	$91.42	—	ST STR BLO 1 ETF	78468R663
SHYG	ISHARES TR	10,769 (-58.1%)	$457K (-58.0%)	0.3%	$42.58	—	0-5YR HI YL CP	46434V407
SPY	STATE STR SPDR S&P 500 ETF T	9,264 (-16.7%)	$6.918M (-4.3%)	4.1%	$610.64	—	TR UNIT	78462F103
MUB	ISHARES TR	19,540 (-2.0%)	$2.103M (-0.6%)	1.2%	$105.20	—	NATIONAL MUN ETF	464288414
AAPL	APPLE INC	30 (-99.0%)	$4,320 (+63.6%)	0.0%	$189.46	—	CALL	037833100

Unchanged Positions (10)

IVV ISHARES TR 28.7%

Value $48.91M Shares 65,309 Est. Cost $485.47 Unrealized —

XLK SELECT SECTOR SPDR TR 1.6%

Value $2.757M Shares 14,470 Est. Cost $169.14 Unrealized —

QQQ INVESCO QQQ TR 0.9%

Value $1.513M Shares 2,055 Est. Cost $415.25 Unrealized —

TSLA TESLA INC 0.8%

Value $1.321M Shares 3,141 Est. Cost $238.40 Unrealized —

CAT CATERPILLAR INC 0.2%

Value $417K Shares 392 Est. Cost $555.50 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 1.5%

Value $2.501M Shares 4,999 Est. Cost $420.03 Unrealized —

NTSX WISDOMTREE TR 0.4%

Value $700K Shares 11,849 Est. Cost $39.30 Unrealized —

LLY ELI LILLY & CO 0.2%

Value $272K Shares 227 Est. Cost $702.49 Unrealized —

XLE SELECT SECTOR SPDR TR 0.1%

Value $203K Shares 3,819 Est. Cost $61.26 Unrealized —

BA BOEING CO 0.2%

Value $266K Shares 1,227 Est. Cost $156.93 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IVV	ISHARES TR	65,309	$48.91M	28.7%	$485.47	—	CORE S&P500 ETF	464287200
XLK	SELECT SECTOR SPDR TR	14,470	$2.757M	1.6%	$169.14	—	ST STR TECHN ETF	81369Y803
QQQ	INVESCO QQQ TR	2,055	$1.513M	0.9%	$415.25	—	UNIT SER 1	46090E103
TSLA	TESLA INC	3,141	$1.321M	0.8%	$238.40	—	COM	88160R101
CAT	CATERPILLAR INC	392	$417K	0.2%	$555.50	—	COM	149123101
BRK/B	BERKSHIRE HATHAWAY INC DEL	4,999	$2.501M	1.5%	$420.03	—	CL B NEW	084670702
NTSX	WISDOMTREE TR	11,849	$700K	0.4%	$39.30	—	US EFFIC CORE FD	97717Y790
LLY	ELI LILLY & CO	227	$272K	0.2%	$702.49	—	COM	532457108
XLE	SELECT SECTOR SPDR TR	3,819	$203K	0.1%	$61.26	—	ST STR ENERG ETF	81369Y506
BA	BOEING CO	1,227	$266K	0.2%	$156.93	—	COM	097023105