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NG
Norden Group Portfolio holdings
AUM
$1.22B
1-Year Est. Return
36.64%
This Fund
S&P 500
This Quarter
Est. Return
+9.53%
1 Year Est. Return
+36.64%
3 Year Est. Return
+92.54%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$492M
AUM Growth
-$88.7M
(-15%)
Cap. Flow
-$141M
Cap. Flow
% of AUM
-28.62%
Top 10 Holdings %
Top 10 Hldgs %
22.35%
Holding
432
New
155
Increased
226
Reduced
23
Closed
25
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PGIM Ultra Short Bond ETF
PULS
|
+$10.5M |
| 2 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$9.78M |
| 3 |
iShares US Financials ETF
IYF
|
+$6.22M |
| 4 |
iShares US Technology ETF
IYW
|
+$6.21M |
| 5 |
iShares US Consumer Discretionary ETF
IYC
|
+$6.19M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 0-5 Year TIPS Bond ETF
STIP
|
+$218M |
| 2 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$104M |
| 3 |
Vanguard Extended Market ETF
VXF
|
+$11.9M |
| 4 |
AMJ
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
|
+$6.69M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$3.84M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.37% |
| 2 | Healthcare | 10.58% |
| 3 | Consumer Discretionary | 8.98% |
| 4 | Financials | 8.03% |
| 5 | Industrials | 6.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
PACCAR
PCAR
$70.5B
| $307K | 0.06% |
+2,475
| New | +$266K |
|
327
Canadian Pacific Kansas City
CP
$81B
| $306K | 0.06% |
+3,472
| New | +$291K |
|
328
Cadence Design Systems
CDNS
$91.6B
| $294K | 0.06% |
945
+189
| +25% | +$55.9K |
|
329
Mercado Libre
MELI
$94.5B
| $293K | 0.06% |
+194
| New | +$318K |
|
330
Alcon
ALC
$34B
| $293K | 0.06% |
+3,519
| New | +$282K |
|
331
TJX Companies
TJX
$179B
| $289K | 0.06% |
+2,845
| New | +$276K |
|
332
Dow Inc
DOW
$22B
| $286K | 0.06% |
+4,943
| New | +$273K |
|
333
Broadridge
BR
$18.4B
| $286K | 0.06% |
+1,397
| New | +$282K |
|
334
McCormick & Company Non-Voting
MKC
$14B
| $284K | 0.06% |
+3,695
| New | +$251K |
|
335
iShares Broad USD High Yield Corporate Bond ETF
USHY
$29.2B
| $283K | 0.06% |
+7,724
| New | +$281K |
|
336
Stryker
SYK
$135B
| $280K | 0.06% |
+783
| New | +$263K |
|
337
Haleon
HLN
$45.3B
| $280K | 0.06% |
32,933
+22,706
| +222% | +$190K |
|
338
Brookfield
BN
$102B
| $279K | 0.06% |
10,010
+1,722
| +21% | +$46.4K |
|
339
Danaher
DHR
$138B
| $276K | 0.06% |
+1,106
| New | +$270K |
|
340
PayPal
PYPL
$49.9B
| $274K | 0.06% |
4,094
-23,694
| -85% | -$1.45M |
|
341
Ameriprise Financial
AMP
$47.8B
| $274K | 0.06% |
+624
| New | +$250K |
|
342
iShares TIPS Bond ETF
TIP
$14.5B
| $258K | 0.05% |
+2,398
| New | +$256K |
|
343
Ford
F
$60.9B
| $255K | 0.05% |
+19,225
| New | +$233K |
|
344
AstraZeneca
AZN
$269B
| $255K | 0.05% |
+1,879
| New | +$249K |
|
345
SLB Ltd
SLB
$72.7B
| $253K | 0.05% |
+4,613
| New | +$233K |
|
|
346
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
| $252K | 0.05% |
2,537
-2,210,152
| -100% | -$218M |
|
347
iShares Russell 1000 Growth ETF
IWF
$117B
| $251K | 0.05% |
+2,984
| New | +$240K |
|
348
Ametek
AME
$53.9B
| $251K | 0.05% |
+1,371
| New | +$236K |
|
349
Omega Flex
OFLX
$292M
| $249K | 0.05% |
+3,506
| New | +$249K |
|
350
Constellation Energy
CEG
$92.1B
| $246K | 0.05% |
+1,332
| New | +$189K |
|
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NPIC
Norden Group's Q1 2024 Portfolio in Review
As of Q1 2024, Norden Group held 432 positions worth $492M, down 15% from $581M the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Norden Group withdrew a net $141M in Q1 2024, closing 25 positions and reducing 23 holdings. Its most notable exit was State Street SPDR Bloomberg 1-3 Month T-Bill ETF, an estimated $104M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 14% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Norden Group opened a new position in State Street SPDR Bloomberg High Yield Bond ETF worth $9.85M.
- Norden Group's largest Q1 2024 buy was State Street SPDR Bloomberg High Yield Bond ETF: 103,434 shares worth $9.85M.
- Norden Group added most to PGIM Ultra Short Bond ETF in Q1 2024, an estimated $10.5M increase.
- Norden Group's biggest Q1 2024 reduction was iShares 0-5 Year TIPS Bond ETF, cutting an estimated $218M.
- Norden Group fully exited State Street SPDR Bloomberg 1-3 Month T-Bill ETF in Q1 2024, selling an estimated $104M.
- Norden Group's ten largest holdings make up 22% of its $492M portfolio in Q1 2024.
- Norden Group opened 155 new positions and closed 25 in Q1 2024.
- Norden Group's portfolio value fell 15% quarter-over-quarter to $492M.
Based on Norden Group's 13F filing for Q1 2024, filed 19 Apr 2024.