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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 | |
|---|---|---|---|---|---|---|
351
Lamb Weston
LW
$7.42B
| $245K | 0.05% |
+2,295
| New | +$239K |
|
352
State Street SPDR Portfolio S&P 400 Mid Cap ETF
SPMD
$18.1B
| $244K | 0.05% |
+4,577
| New | +$228K |
|
353
TSMC
TSM
$1.94T
| $244K | 0.05% |
+1,792
| New | +$223K |
|
354
Yum! Brands
YUM
$41.9B
| $243K | 0.05% |
+1,749
| New | +$234K |
|
355
JPMorgan BetaBuilders Japan ETF
BBJP
$17B
| $240K | 0.05% |
+4,094
| New | +$227K |
|
356
Diamondback Energy
FANG
$56B
| $237K | 0.05% |
+1,197
| New | +$203K |
|
357
Icon
ICLR
$13.7B
| $236K | 0.05% |
+703
| New | +$207K |
|
358
Carrier Global
CARR
$49.4B
| $235K | 0.05% |
+4,048
| New | +$227K |
|
359
iShares Core S&P Small-Cap ETF
IJR
$109B
| $235K | 0.05% |
+2,125
| New | +$226K |
|
360
GE Aerospace
GE
$364B
| $234K | 0.05% |
+1,669
| New | +$197K |
|
361
Cognizant
CTSH
$25.2B
| $233K | 0.05% |
+3,178
| New | +$243K |
|
362
Thomson Reuters
TRI
$46.4B
| $232K | 0.05% |
+1,465
| New | +$228K |
|
|
ANSS
363
DELISTED
Ansys
ANSS
| $231K | 0.05% |
+666
| New | +$225K |
|
364
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.5B
| $231K | 0.05% |
+7,063
| New | +$230K |
|
365
Emerson Electric
EMR
$81.6B
| $231K | 0.05% |
+2,034
| New | +$209K |
|
366
Paychex
PAYX
$43.4B
| $231K | 0.05% |
+1,878
| New | +$228K |
|
367
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $229K | 0.05% |
+2,104
| New | +$229K |
|
368
Bain Capital Specialty
BCSF
$821M
| $228K | 0.05% |
14,560
+2,371
| +19% | +$36.6K |
|
369
LyondellBasell Industries
LYB
$19.5B
| $228K | 0.05% |
+2,228
| New | +$217K |
|
370
VanEck BDC Income ETF
BIZD
$1.6B
| $227K | 0.05% |
13,454
-1,239
| -8% | -$20.2K |
|
371
Elevance Health
ELV
$81.5B
| $227K | 0.05% |
+438
| New | +$218K |
|
372
Bentley Systems
BSY
$11.2B
| $224K | 0.05% |
+4,287
| New | +$216K |
|
373
Goldman Sachs
GS
$289B
| $220K | 0.04% |
+527
| New | +$205K |
|
|
OLO
374
DELISTED
Olo Inc
OLO
| $219K | 0.04% |
39,802
+9,216
| +30% | +$50.3K |
|
375
Equinix
EQIX
$99.4B
| $216K | 0.04% |
+261
| New | +$220K |
|
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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.