NDWM LLC Concentrated Active

CIK: 0001818386 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 5, 2026

Total Value ($000): $151,139 (100.0% shares, 0.0% debt)

Holdings (34)

New Positions (2)

CAT CATERPILLAR INC 0.1%

Value ($000) $225 Shares 392 Est. Cost $555.50 Unrealized 0.0%

AAPL APPLE INC 0.0%

Value ($000) $7 Shares 3,000 Est. Cost $185.75 Unrealized +44.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CAT	CATERPILLAR INC	392	$225	0.1%	$555.50	0.0%	COM	149123101
AAPL	APPLE INC	3,000	$7	0.0%	$185.75	+44.5%	CALL	037833100

Increased Positions (14)

IVV ISHARES TR 30.8%

Value ($000) $46,618 (+4.5%) Shares 68,062 (+2.1%) Est. Cost $485.47 Unrealized —

SPY SPDR S&P 500 ETF TR 19.9%

Value ($000) $30,074 (+6.4%) Shares 44,102 (+3.9%) Est. Cost $610.64 Unrealized —

GLD SPDR GOLD TR 5.3%

Value ($000) $8,066 (+16.6%) Shares 20,354 (+4.6%) Est. Cost $290.38 Unrealized —

VTEC VANGUARD CALIF TAX FREE FDS 2.3%

Value ($000) $3,523 (+17.7%) Shares 35,138 (+17.1%) Est. Cost $98.31 Unrealized —

EEM ISHARES TR 2.1%

Value ($000) $3,150 (+15.8%) Shares 57,581 (+13.0%) Est. Cost $53.55 Unrealized —

NOW SERVICENOW INC 1.2%

Value ($000) $1,799 (-16.8%) Shares 11,744 (+400.0%) Est. Cost $163.14 Unrealized +5.1%

SLQD ISHARES TR 1.2%

Value ($000) $1,820 (+16.4%) Shares 35,899 (+16.7%) Est. Cost $49.81 Unrealized —

CALI BLACKROCK ETF TRUST II 2.2%

Value ($000) $3,282 (+7.3%) Shares 65,051 (+7.7%) Est. Cost $50.53 Unrealized —

AGG ISHARES TR 2.1%

Value ($000) $3,217 (+7.0%) Shares 32,204 (+7.4%) Est. Cost $99.06 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 3.0%

Value ($000) $4,487 (+4.8%) Shares 23,423 (+3.8%) Est. Cost $161.26 Unrealized —

META META PLATFORMS INC 0.3%

Value ($000) $386 (+38.5%) Shares 585 (+53.9%) Est. Cost $651.41 Unrealized +2.4%

CMF ISHARES TR 3.1%

Value ($000) $4,640 (+2.3%) Shares 80,755 (+1.6%) Est. Cost $56.18 Unrealized —

SHYG ISHARES TR 0.7%

Value ($000) $1,071 (+7.0%) Shares 24,975 (+8.1%) Est. Cost $42.58 Unrealized —

XLK SELECT SECTOR SPDR TR 1.4%

Value ($000) $2,151 (-1.5%) Shares 14,944 (+92.8%) Est. Cost $169.14 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IVV	ISHARES TR	68,062 (+2.1%)	$46,618 (+4.5%)	30.8%	$485.47	—	CORE S&P500 ETF	464287200
SPY	SPDR S&P 500 ETF TR	44,102 (+3.9%)	$30,074 (+6.4%)	19.9%	$610.64	—	TR UNIT	78462F103
GLD	SPDR GOLD TR	20,354 (+4.6%)	$8,066 (+16.6%)	5.3%	$290.38	—	GOLD SHS	78463V107
VTEC	VANGUARD CALIF TAX FREE FDS	35,138 (+17.1%)	$3,523 (+17.7%)	2.3%	$98.31	—	TAX EXEMPT BD FD	922021605
EEM	ISHARES TR	57,581 (+13.0%)	$3,150 (+15.8%)	2.1%	$53.55	—	MSCI EMG MKT ETF	464287234
NOW	SERVICENOW INC	11,744 (+400.0%)	$1,799 (-16.8%)	1.2%	$163.14	+5.1%	COM	81762P102
SLQD	ISHARES TR	35,899 (+16.7%)	$1,820 (+16.4%)	1.2%	$49.81	—	0-5YR INVT GR CP	46434V100
CALI	BLACKROCK ETF TRUST II	65,051 (+7.7%)	$3,282 (+7.3%)	2.2%	$50.53	—	ISHARES SHORT-TE	092528884
AGG	ISHARES TR	32,204 (+7.4%)	$3,217 (+7.0%)	2.1%	$99.06	—	CORE US AGGBD ET	464287226
RSP	INVESCO EXCHANGE TRADED FD T	23,423 (+3.8%)	$4,487 (+4.8%)	3.0%	$161.26	—	S&P500 EQL WGT	46137V357
META	META PLATFORMS INC	585 (+53.9%)	$386 (+38.5%)	0.3%	$651.41	+2.4%	CL A	30303M102
CMF	ISHARES TR	80,755 (+1.6%)	$4,640 (+2.3%)	3.1%	$56.18	—	CALIF MUN BD ETF	464288356
SHYG	ISHARES TR	24,975 (+8.1%)	$1,071 (+7.0%)	0.7%	$42.58	—	0-5YR HI YL CP	46434V407
XLK	SELECT SECTOR SPDR TR	14,944 (+92.8%)	$2,151 (-1.5%)	1.4%	$169.14	—	STATE STREET TEC	81369Y803

Exited Positions (2)

NYF ISHARES TR 0.4%

Value ($000) $671 Shares 12,583 Est. Cost $54.08 Unrealized —

PZT INVESCO EXCH TRADED FD TR II 0.3%

Value ($000) $448 Shares 20,161 Est. Cost $23.12 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NYF	ISHARES TR	12,583	$671	0.4%	$54.08	—	—	464288323
PZT	INVESCO EXCH TRADED FD TR II	20,161	$448	0.3%	$23.12	—	—	46138E529

Decreased Positions (6)

BRK/B BERKSHIRE HATHAWAY INC DEL 1.8%

Value ($000) $2,716 (-23.3%) Shares 5,403 (-23.3%) Est. Cost $420.03 Unrealized +18.5%

SUB ISHARES TR 1.3%

Value ($000) $2,025 (-20.5%) Shares 18,976 (-20.4%) Est. Cost $106.30 Unrealized —

BILS SPDR SERIES TRUST 9.2%

Value ($000) $13,877 (-2.6%) Shares 139,858 (-2.4%) Est. Cost $99.15 Unrealized —

BIL SPDR SERIES TRUST 5.1%

Value ($000) $7,639 (-3.4%) Shares 83,598 (-3.0%) Est. Cost $91.42 Unrealized —

TSLA TESLA INC 1.0%

Value ($000) $1,445 (-7.3%) Shares 3,213 (-8.4%) Est. Cost $238.40 Unrealized +85.9%

MUB ISHARES TR 1.3%

Value ($000) $1,913 (-5.4%) Shares 17,857 (-5.9%) Est. Cost $105.09 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY INC DEL	5,403 (-23.3%)	$2,716 (-23.3%)	1.8%	$420.03	+18.5%	CL B NEW	084670702
SUB	ISHARES TR	18,976 (-20.4%)	$2,025 (-20.5%)	1.3%	$106.30	—	SHRT NAT MUN ETF	464288158
BILS	SPDR SERIES TRUST	139,858 (-2.4%)	$13,877 (-2.6%)	9.2%	$99.15	—	STATE STREET SPD	78468R523
BIL	SPDR SERIES TRUST	83,598 (-3.0%)	$7,639 (-3.4%)	5.1%	$91.42	—	STATE STREET SPD	78468R663
TSLA	TESLA INC	3,213 (-8.4%)	$1,445 (-7.3%)	1.0%	$238.40	+85.9%	COM	88160R101
MUB	ISHARES TR	17,857 (-5.9%)	$1,913 (-5.4%)	1.3%	$105.09	—	NATIONAL MUN ETF	464288414

Unchanged Positions (12)

LLY ELI LILLY & CO 0.2%

Value ($000) $290 Shares 270 Est. Cost $702.49 Unrealized +36.0%

AAPL APPLE INC 0.6%

Value ($000) $976 Shares 3,590 Est. Cost $185.75 Unrealized +44.5%

GOOGL ALPHABET INC 0.2%

Value ($000) $266 Shares 850 Est. Cost $209.20 Unrealized +36.5%

MSFT MICROSOFT CORP 0.3%

Value ($000) $403 Shares 833 Est. Cost $350.36 Unrealized +42.9%

QQQ INVESCO QQQ TR 0.9%

Value ($000) $1,318 Shares 2,146 Est. Cost $415.25 Unrealized —

D DOMINION ENERGY INC 0.2%

Value ($000) $322 Shares 5,500 Est. Cost $53.16 Unrealized +12.4%

SHY ISHARES TR 0.9%

Value ($000) $1,311 Shares 15,828 Est. Cost $82.46 Unrealized —

NTSX WISDOMTREE TR 0.4%

Value ($000) $675 Shares 12,309 Est. Cost $39.30 Unrealized —

SPYD SPDR SERIES TRUST 0.3%

Value ($000) $523 Shares 12,084 Est. Cost $44.26 Unrealized —

IYW ISHARES TR 0.1%

Value ($000) $209 Shares 1,045 Est. Cost $195.86 Unrealized —

BA BOEING CO 0.2%

Value ($000) $266 Shares 1,227 Est. Cost $156.93 Unrealized +31.1%

IEI ISHARES TR 0.3%

Value ($000) $449 Shares 3,758 Est. Cost $118.23 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LLY	ELI LILLY & CO	270	$290	0.2%	$702.49	+36.0%	COM	532457108
AAPL	APPLE INC	3,590	$976	0.6%	$185.75	+44.5%	COM	037833100
GOOGL	ALPHABET INC	850	$266	0.2%	$209.20	+36.5%	CAP STK CL A	02079K305
MSFT	MICROSOFT CORP	833	$403	0.3%	$350.36	+42.9%	COM	594918104
QQQ	INVESCO QQQ TR	2,146	$1,318	0.9%	$415.25	—	UNIT SER 1	46090E103
D	DOMINION ENERGY INC	5,500	$322	0.2%	$53.16	+12.4%	COM	25746U109
SHY	ISHARES TR	15,828	$1,311	0.9%	$82.46	—	1 3 YR TREAS BD	464287457
NTSX	WISDOMTREE TR	12,309	$675	0.4%	$39.30	—	US EFFICIENT COR	97717Y790
SPYD	SPDR SERIES TRUST	12,084	$523	0.3%	$44.26	—	STATE STREET SPD	78468R788
IYW	ISHARES TR	1,045	$209	0.1%	$195.86	—	U.S. TECH ETF	464287721
BA	BOEING CO	1,227	$266	0.2%	$156.93	+31.1%	COM	097023105
IEI	ISHARES TR	3,758	$449	0.3%	$118.23	—	3 7 YR TREAS BD	464288661