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NDWM LLC

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13F filer, CIK 1818386, LA JOLLA, CA

NDWM LLC reported $151,138,967 across 34 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-05. Its ten largest share positions make up 82.99% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001818386-26-000001

Period
2025-12-31
Reported value
$151M
Holdings
34
Top 10 weight
82.99%
New
2
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
NOWadded+9,395$1.44M
SPYadded+1,661$1.13M
XLKadded+7,191$1.04M
IVVadded+1,388$951K
VTECadded+5,132$515K

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
BRK-Breduced-1,638-$823K
NYFexited-12,583-$671K
SUBreduced-4,869-$520K
PZTexited-20,161-$448K
BILSreduced-3,366-$334K

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, Q4 2025

Share positions as resolved from 13F-HR 0001818386-26-000001, largest first. % of portfolio is the value over $151,131,677, 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; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 69,932 shares; 2024Q4: 69,247 shares; 2025Q1: 65,696 shares; 2025Q2: 66,824 shares; 2025Q3: 66,674 shares; 2025Q4: 68,062 shares 68,062$46.6M30.85%+1,388Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,191 shares; 2024Q4: 19,834 shares; 2025Q1: 6,058 shares; 2025Q2: 42,498 shares; 2025Q3: 42,441 shares; 2025Q4: 44,102 shares 44,102$30.1M19.9%+1,661Timeline
BILSSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 184,427 shares; 2024Q4: 165,048 shares; 2025Q1: 167,836 shares; 2025Q2: 140,079 shares; 2025Q3: 143,224 shares; 2025Q4: 139,858 shares 139,858$13.9M9.18%-3,366Timeline
GLDSPDR GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,546 shares; 2024Q4: 3,545 shares; 2025Q1: 4,860 shares; 2025Q2: 19,195 shares; 2025Q3: 19,466 shares; 2025Q4: 20,354 shares 20,354$8.07M5.34%+888Timeline
BILSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 175,468 shares; 2024Q4: 121,819 shares; 2025Q1: 117,893 shares; 2025Q2: 81,660 shares; 2025Q3: 86,153 shares; 2025Q4: 83,598 shares 83,598$7.64M5.05%-2,555Timeline
CMFISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,438 shares; 2024Q4: 12,495 shares; 2025Q1: 43,571 shares; 2025Q2: 96,464 shares; 2025Q3: 79,520 shares; 2025Q4: 80,755 shares 80,755$4.64M3.07%+1,235Timeline
RSPINVESCO EXCHANGE TRADED FD TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,351 shares; 2024Q4: 35,608 shares; 2025Q1: 36,826 shares; 2025Q2: 36,820 shares; 2025Q3: 22,573 shares; 2025Q4: 23,423 shares 23,423$4.49M2.97%+850Timeline
VTECVANGUARD CALIF TAX FREE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 24,955 shares; 2025Q3: 30,006 shares; 2025Q4: 35,138 shares 35,138$3.52M2.33%+5,132Timeline
CALIBLACKROCK ETF TRUST IIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 37,169 shares; 2025Q3: 60,398 shares; 2025Q4: 65,051 shares 65,051$3.28M2.17%+4,653Timeline
AGGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,499 shares; 2024Q4: 16,244 shares; 2025Q1: 26,882 shares; 2025Q2: 28,494 shares; 2025Q3: 29,990 shares; 2025Q4: 32,204 shares 32,204$3.22M2.13%+2,214Timeline
EEMISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 50,947 shares; 2025Q4: 57,581 shares 57,581$3.15M2.08%+6,634Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,867 shares; 2024Q4: 5,867 shares; 2025Q1: 6,273 shares; 2025Q2: 7,152 shares; 2025Q3: 7,041 shares; 2025Q4: 5,403 shares 5,403$2.72M1.8%-1,638Timeline
XLKSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,627 shares; 2024Q4: 17,572 shares; 2025Q1: 7,965 shares; 2025Q2: 7,750 shares; 2025Q3: 7,753 shares; 2025Q4: 14,944 shares 14,944$2.15M1.42%+7,191Timeline
SUBISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 5,289 shares; 2025Q2: 16,907 shares; 2025Q3: 23,845 shares; 2025Q4: 18,976 shares 18,976$2.02M1.34%-4,869Timeline
MUBISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 5,337 shares; 2025Q2: 15,808 shares; 2025Q3: 18,976 shares; 2025Q4: 17,857 shares 17,857$1.91M1.27%-1,119Timeline
SLQDISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,089 shares; 2024Q4: 18,685 shares; 2025Q1: 29,407 shares; 2025Q2: 29,038 shares; 2025Q3: 30,759 shares; 2025Q4: 35,899 shares 35,899$1.82M1.2%+5,140Timeline
NOWSERVICENOW INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,415 shares; 2024Q4: 2,415 shares; 2025Q1: 2,549 shares; 2025Q2: 2,349 shares; 2025Q3: 2,349 shares; 2025Q4: 11,744 shares 11,744$1.8M1.19%+9,395Timeline
TSLATESLA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,533 shares; 2024Q4: 3,563 shares; 2025Q1: 3,462 shares; 2025Q2: 3,503 shares; 2025Q3: 3,506 shares; 2025Q4: 3,213 shares 3,213$1.44M0.96%-293Timeline
QQQINVESCO QQQ TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,128 shares; 2024Q4: 5,765 shares; 2025Q1: 2,065 shares; 2025Q2: 2,151 shares; 2025Q3: 2,151 shares; 2025Q4: 2,146 shares 2,146$1.32M0.87%-5Timeline
SHYISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,096 shares; 2024Q4: 17,533 shares; 2025Q1: 19,491 shares; 2025Q2: 19,505 shares; 2025Q3: 15,971 shares; 2025Q4: 15,828 shares 15,828$1.31M0.87%-143Timeline
SHYGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,331 shares; 2024Q4: 6,343 shares; 2025Q1: 19,403 shares; 2025Q2: 19,673 shares; 2025Q3: 23,103 shares; 2025Q4: 24,975 shares 24,975$1.07M0.71%+1,872Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,318 shares; 2024Q4: 3,320 shares; 2025Q1: 3,364 shares; 2025Q2: 3,386 shares; 2025Q3: 3,583 shares; 2025Q4: 3,590 shares 3,590$976K0.65%+7Timeline
NTSXWISDOMTREE TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,042 shares; 2024Q4: 15,045 shares; 2025Q1: 13,828 shares; 2025Q2: 12,347 shares; 2025Q3: 12,349 shares; 2025Q4: 12,309 shares 12,309$675K0.45%-40Timeline
SPYDSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 11,982 shares; 2025Q2: 12,015 shares; 2025Q3: 12,046 shares; 2025Q4: 12,084 shares 12,084$523K0.35%+38Timeline
IEIISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,863 shares; 2024Q4: not reported; 2025Q1: 3,492 shares; 2025Q2: 3,501 shares; 2025Q3: 3,746 shares; 2025Q4: 3,758 shares 3,758$449K0.3%+12Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 838 shares; 2024Q4: 836 shares; 2025Q1: 836 shares; 2025Q2: 837 shares; 2025Q3: 837 shares; 2025Q4: 833 shares 833$403K0.27%-4Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 373 shares; 2025Q2: 379 shares; 2025Q3: 380 shares; 2025Q4: 585 shares 585$386K0.26%+205Timeline
DDOMINION ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,500 shares; 2025Q3: 5,500 shares; 2025Q4: 5,500 shares 5,500$322K0.21%0Timeline
LLYELI LILLY & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 286 shares; 2024Q4: 270 shares; 2025Q1: 270 shares; 2025Q2: 270 shares; 2025Q3: 270 shares; 2025Q4: 270 shares 270$290K0.19%0Timeline
BABOEING COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,227 shares; 2025Q1: 1,227 shares; 2025Q2: 1,227 shares; 2025Q3: 1,227 shares; 2025Q4: 1,227 shares 1,227$266K0.18%0Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 852 shares; 2025Q4: 850 shares 850$266K0.18%-2Timeline
CATCATERPILLAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 392 shares 392$225K0.15%newTimeline
IYWISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,045 shares; 2025Q4: 1,045 shares 1,045$209K0.14%0Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
AAPLAPPLE INC COMcall3,000$7.29Knew

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
NYFISHARES TR12,583$671Kshares
PZTINVESCO EXCH TRADED FD TR II20,161$448Kshares

How Q4 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 0001818386-26-000001 base2026-02-05acceptance time not in the bulk data set