Norden Group Portfolio holdings

AUM $921M

This Quarter Return

-0.49%

1 Year Return

+19.49%

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$869M

AUM Growth

-$15.3M (-2%)

Cap. Flow

+$5.18M

Cap. Flow % of AUM

0.6%

Top 10 Holdings %Top 10 Hldgs %

30.9%

Holding

576

New

Increased

201

Reduced

257

Closed

Top Buys

1	PGIM AAA CLO ETF PAAA	$47M
2	SPDR S&P 500 ETF Trust SPY	$15.6M
3	Capital Group Short Duration Income ETF CGSD	$15.3M
4	iShares S&P 500 Growth ETF IVW	$15.2M
5	Aon AON	$2.32M

Top Sells

1	Janus Henderson AAA CLO ETF JAAA	$23.8M
2	iShares US Telecommunications ETF IYZ	$9.55M
3	iShares US Consumer Discretionary ETF IYC	$9.52M
4	iShares US Financials ETF IYF	$9.27M
5	iShares US Utilities ETF IDU	$8.92M

Sector Composition

1	Technology	19.89%
2	Financials	9.43%
3	Healthcare	9.34%
4	Consumer Discretionary	6.77%
5	Industrials	5.91%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 PGIM AAA CLO ETF PAAA $4.04B	$85M	9.78%	1,655,771 +915,603	+124%	+$47M
2	2 SPDR S&P 500 ETF Trust SPY $658B	$30.3M	3.49%	54,218 +27,826	+105%	+$15.6M
3	3 JPMorgan Ultra-Short Income ETF JPST $32.3B	$25.6M	2.95%	506,086 +2,604	+0.5%	+$132K
4	4 Apple AAPL $3.4T	$24.9M	2.86%	112,056 -14,844	-12%	-$3.3M
5	5 Microsoft MSFT $3.88T	$22.5M	2.59%	59,932 -5,739	-9%	-$2.15M
6	6 iShares S&P 500 Growth ETF IVW $62.9B	$22.4M	2.57%	240,817 +164,165	+214%	+$15.2M
7	7 Amazon AMZN $2.37T	$17.9M	2.06%	94,295 -3,176	-3%	-$604K
8	8 NVIDIA NVDA $4.46T	$15.5M	1.79%	143,122 +2,010	+1%	+$218K
9	9 Capital Group Short Duration Income ETF CGSD $1.43B	$15.3M	1.76%	+591,127	New	+$15.3M
10	10 Visa V $654B	$9.09M	1.05%	25,938 -721	-3%	-$253K
11	11 SPDR Bloomberg High Yield Bond ETF JNK $8.11B	$8.59M	0.99%	90,160 -7,735	-8%	-$737K
12	12 Philip Morris PM $265B	$8.13M	0.94%	51,234 +9,487	+23%	+$1.51M
13	13 Alphabet (Google) Class A GOOGL $2.44T	$8.11M	0.93%	52,430 -2,952	-5%	-$457K
14	14 Mastercard MA $519B	$7.73M	0.89%	14,093 +204	+1%	+$112K
15	15 Eli Lilly LLY $562B	$7.19M	0.83%	8,710 +1,717	+25%	+$1.42M
16	16 iShares Core S&P 500 ETF IVV $645B	$6.92M	0.8%	12,312 +272	+2%	+$153K
17	17 Janus Henderson AAA CLO ETF JAAA $23.1B	$6.83M	0.79%	134,598 -469,059	-78%	-$23.8M
18	18 Berkshire Hathaway Class B BRK.B $1T	$6.77M	0.78%	12,716 +14	+0.1%	+$7.46K
19	19 Alphabet (Google) Class C GOOG $2.44T	$6.77M	0.78%	43,347 -8,896	-17%	-$1.39M
20	20 Netflix NFLX $515B	$6.55M	0.75%	7,028 -2,289	-25%	-$2.13M
21	21 Alibaba BABA $287B	$6.17M	0.71%	46,688 -1,811	-4%	-$239K
22	22 Meta Platforms (Facebook) META $1.93T	$6.15M	0.71%	11,168 -252	-2%	-$139K
23	23 Johnson & Johnson JNJ $417B	$5.93M	0.68%	35,786 +9,833	+38%	+$1.63M
24	24 PGIM Ultra Short Bond ETF PULS $12B	$5.93M	0.68%	119,217 -17,504	-13%	-$870K
25	25 Oracle ORCL $702B	$5.88M	0.68%	42,060 +1,966	+5%	+$275K