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NDWM LLC

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13F filer, CIK 1818386, LA JOLLA, CA

NDWM LLC reported $147,375,121 across 34 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-13. Its ten largest share positions make up 81.7% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001818386-25-000002

Period
2025-09-30
Reported value
$147M
Holdings
34
Top 10 weight
81.7%
New
3
Sold out
0

Largest buys vs the previous quarter

SecurityShares changeApprox. value
EEMnew+50,947$2.72M
CALIadded+23,229$1.18M
SUBadded+6,938$741K
VTECadded+5,051$504K
BILadded+4,493$412K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
RSPreduced-14,247-$2.7M
CMFreduced-16,944-$966K
SHYreduced-3,534-$293K
IVVreduced-150-$100K
BRK-Breduced-111-$55.8K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001818386-25-000002, largest first. % of portfolio is the value over $147,375,121, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
IVVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 69,932 shares; 2024Q4: 69,247 shares; 2025Q1: 65,696 shares; 2025Q2: 66,824 shares; 2025Q3: 66,674 shares 66,674$44.6M30.28%-150Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,191 shares; 2024Q4: 19,834 shares; 2025Q1: 6,058 shares; 2025Q2: 42,498 shares; 2025Q3: 42,441 shares 42,441$28.3M19.18%-57Timeline
BILSSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 184,427 shares; 2024Q4: 165,048 shares; 2025Q1: 167,836 shares; 2025Q2: 140,079 shares; 2025Q3: 143,224 shares 143,224$14.3M9.67%+3,145Timeline
BILSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 175,468 shares; 2024Q4: 121,819 shares; 2025Q1: 117,893 shares; 2025Q2: 81,660 shares; 2025Q3: 86,153 shares 86,153$7.9M5.36%+4,493Timeline
GLDSPDR GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,546 shares; 2024Q4: 3,545 shares; 2025Q1: 4,860 shares; 2025Q2: 19,195 shares; 2025Q3: 19,466 shares 19,466$6.92M4.7%+271Timeline
CMFISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,438 shares; 2024Q4: 12,495 shares; 2025Q1: 43,571 shares; 2025Q2: 96,464 shares; 2025Q3: 79,520 shares 79,520$4.54M3.08%-16,944Timeline
RSPINVESCO EXCHANGE TRADED FD TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,351 shares; 2024Q4: 35,608 shares; 2025Q1: 36,826 shares; 2025Q2: 36,820 shares; 2025Q3: 22,573 shares 22,573$4.28M2.91%-14,247Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,867 shares; 2024Q4: 5,867 shares; 2025Q1: 6,273 shares; 2025Q2: 7,152 shares; 2025Q3: 7,041 shares 7,041$3.54M2.4%-111Timeline
CALIBLACKROCK ETF TRUST IIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 37,169 shares; 2025Q3: 60,398 shares 60,398$3.06M2.08%+23,229Timeline
AGGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,499 shares; 2024Q4: 16,244 shares; 2025Q1: 26,882 shares; 2025Q2: 28,494 shares; 2025Q3: 29,990 shares 29,990$3.01M2.04%+1,496Timeline
VTECVANGUARD CALIF TAX FREE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 24,955 shares; 2025Q3: 30,006 shares 30,006$2.99M2.03%+5,051Timeline
EEMISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 50,947 shares 50,947$2.72M1.85%newTimeline
SUBISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 5,289 shares; 2025Q2: 16,907 shares; 2025Q3: 23,845 shares 23,845$2.55M1.73%+6,938Timeline
XLKSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,627 shares; 2024Q4: 17,572 shares; 2025Q1: 7,965 shares; 2025Q2: 7,750 shares; 2025Q3: 7,753 shares 7,753$2.19M1.48%+3Timeline
NOWSERVICENOW INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,415 shares; 2024Q4: 2,415 shares; 2025Q1: 2,549 shares; 2025Q2: 2,349 shares; 2025Q3: 2,349 shares 2,349$2.16M1.47%0Timeline
MUBISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 5,337 shares; 2025Q2: 15,808 shares; 2025Q3: 18,976 shares 18,976$2.02M1.37%+3,168Timeline
SLQDISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,089 shares; 2024Q4: 18,685 shares; 2025Q1: 29,407 shares; 2025Q2: 29,038 shares; 2025Q3: 30,759 shares 30,759$1.56M1.06%+1,721Timeline
TSLATESLA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,533 shares; 2024Q4: 3,563 shares; 2025Q1: 3,462 shares; 2025Q2: 3,503 shares; 2025Q3: 3,506 shares 3,506$1.56M1.06%+3Timeline
SHYISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,096 shares; 2024Q4: 17,533 shares; 2025Q1: 19,491 shares; 2025Q2: 19,505 shares; 2025Q3: 15,971 shares 15,971$1.32M0.9%-3,534Timeline
QQQINVESCO QQQ TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,128 shares; 2024Q4: 5,765 shares; 2025Q1: 2,065 shares; 2025Q2: 2,151 shares; 2025Q3: 2,151 shares 2,151$1.29M0.88%0Timeline
SHYGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,331 shares; 2024Q4: 6,343 shares; 2025Q1: 19,403 shares; 2025Q2: 19,673 shares; 2025Q3: 23,103 shares 23,103$1M0.68%+3,430Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,318 shares; 2024Q4: 3,320 shares; 2025Q1: 3,364 shares; 2025Q2: 3,386 shares; 2025Q3: 3,583 shares 3,583$912K0.62%+197Timeline
NYFISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,583 shares; 2024Q4: 12,583 shares; 2025Q1: 12,583 shares; 2025Q2: 12,583 shares; 2025Q3: 12,583 shares 12,583$671K0.46%0Timeline
NTSXWISDOMTREE TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,042 shares; 2024Q4: 15,045 shares; 2025Q1: 13,828 shares; 2025Q2: 12,347 shares; 2025Q3: 12,349 shares 12,349$666K0.45%+2Timeline
SPYDSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 11,982 shares; 2025Q2: 12,015 shares; 2025Q3: 12,046 shares 12,046$530K0.36%+31Timeline
PZTINVESCO EXCH TRADED FD TR IIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,390 shares; 2024Q4: 29,390 shares; 2025Q1: 29,390 shares; 2025Q2: 20,161 shares; 2025Q3: 20,161 shares 20,161$448K0.3%0Timeline
IEIISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,863 shares; 2024Q4: not reported; 2025Q1: 3,492 shares; 2025Q2: 3,501 shares; 2025Q3: 3,746 shares 3,746$448K0.3%+245Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 838 shares; 2024Q4: 836 shares; 2025Q1: 836 shares; 2025Q2: 837 shares; 2025Q3: 837 shares 837$434K0.29%0Timeline
DDOMINION ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,500 shares; 2025Q3: 5,500 shares 5,500$336K0.23%0Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 373 shares; 2025Q2: 379 shares; 2025Q3: 380 shares 380$279K0.19%+1Timeline
BABOEING COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,227 shares; 2025Q1: 1,227 shares; 2025Q2: 1,227 shares; 2025Q3: 1,227 shares 1,227$265K0.18%0Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 852 shares 852$207K0.14%newTimeline
LLYELI LILLY & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 286 shares; 2024Q4: 270 shares; 2025Q1: 270 shares; 2025Q2: 270 shares; 2025Q3: 270 shares 270$206K0.14%0Timeline
IYWISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,045 shares 1,045$205K0.14%newTimeline

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001818386-25-000002 base2025-11-13acceptance time not in the bulk data set