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Ndwm 13F annual report

Ndwm is an investment fund managing more than $107 billion ran by Richard Nerad. There are currently 19 companies in Mr. Nerad’s portfolio. The largest investments include Ishares Tr and Spdr Ser Tr, together worth $83 billion.

$107 billion Assets Under Management (AUM)

As of 12th April 2024, Ndwm’s top holding is 226,578 shares of Ishares Tr currently worth over $48.8 billion and making up 45.7% of the portfolio value. In addition, the fund holds 357,643 shares of Spdr Ser Tr worth $34.2 billion. The third-largest holding is Invesco Exchange Traded Fd T worth $5.5 billion and the next is Select Sector Spdr Tr worth $4.28 billion, with 22,185 shares owned.

Currently, Ndwm's portfolio is worth at least $107 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Ndwm

The Ndwm office and employees reside in La Jolla, California. According to the last 13-F report filed with the SEC, Richard Nerad serves as the Managing Member & CCO at Ndwm.

Recent trades

In the most recent 13F filing, Ndwm revealed that it had opened a new position in Spdr Ser Tr and bought 6,358 shares worth $603 million.

The investment fund also strengthened its position in Spdr Ser Tr by buying 582 additional shares. This makes their stake in Spdr Ser Tr total 357,643 shares worth $34.2 billion.

On the other hand, Richard Nerad disclosed a decreased stake in Ishares Tr by approximately 0.1%. This leaves the value of the investment at $48.8 billion and 226,578 shares.

One of the smallest hedge funds

The two most similar investment funds to Ndwm are Catalys Pacific and Sassicaia Capital Advisers. They manage $107 billion and $107 billion respectively.


Richard Nerad investment strategy

Ndwm’s portfolio is diversified across 6 sectors. Currently, their heaviest sector is Technology — making up 2.0% of the total portfolio value. The fund focuses on investments in the United States as 36.8% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 37% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $746 billion.

The complete list of Ndwm trades based on 13F SEC filings

These positions were updated on April 19th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Ishares Tr
7.33%
226,578
$48,752,027,000 45.70%
Spdr Ser Tr
0.16%
357,643
$34,229,561,000 32.08%
Invesco Exchange Traded Fd T
2.91%
32,463
$5,498,298,000 5.15%
Select Sector Spdr Tr
1.73%
22,185
$4,279,782,000 4.01%
Wisdomtree Tr
0.79%
79,027
$3,337,314,000 3.13%
Spdr Sp 500 Etf Tr
5.50%
6,062
$3,170,615,000 2.97%
ServiceNow Inc
No change
2,401
$1,830,522,000 1.72%
Berkshire Hathaway Inc.
12.15%
1,763
$741,377,000 0.69%
Invesco Exch Traded Fd Tr Ii
2.87%
29,390
$676,999,000 0.63%
Tesla Inc
No change
3,645
$640,755,000 0.60%
Spdr Ser Tr
Opened
6,358
$603,311,000 0.57%
Spdr Gold Tr
No change
2,857
$587,742,000 0.55%
Apple Inc
0.03%
3,311
$567,737,000 0.53%
Alps Etf Tr
Opened
4,499
$530,875,000 0.50%
Microsoft Corporation
No change
836
$351,722,000 0.33%
Boeing Co.
No change
1,227
$236,799,000 0.22%
Eli Lilly Co
Opened
286
$222,497,000 0.21%
Vanguard Index Fds
Opened
453
$217,757,000 0.20%
Campbell Soup Co.
No change
4,709
$209,315,000 0.20%
No transactions found
Showing first 500 out of 19 holdings

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