NDWM LLC

Q3 2025 13F-HR Holdings

Location
La Jolla, CA
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
34
Total value ($000)
$147,375
Net value change ($000)
+10,810 (7.9%)
New positions
3
Sold out positions
0
Turnover %
2.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/31/2025 Next filing: 2/5/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
IVV 3,134 7.6%
EEM 2,721 NEW
SPY 2,016 7.7%
CALI 1,185 63.2%
GLD 1,069 18.3%
SUB 748 41.6%
VTEC 558 22.9%
TSLA 446 40.1%
BIL 414 5.5%
MUB 369 22.3%
Top Reduces (Value $000, Stocks/ETFs)
RSP -2,410 -36.0%
CMF -841 -15.6%
SHY -291 -18.0%
NOW -253 -10.5%
LLY -4 -1.9%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type