# NVWM, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1697274. Source: https://holderbook.com/funds/1697274-nvwm-llc/

- Reported value: $496.3M
- Positions: 780
- Weight of the ten largest: 26.6%
- Filed: 2026-07-29

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $21.5M | 74,328 | 4.3% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $17.0M | 84,899 | 3.4% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $16.4M | 45,860 | 3.3% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $16.2M | 68,125 | 3.3% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $15.5M | 41,550 | 3.1% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $9.8M | 16,815 | 2.0% | 30 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $9.3M | 185,611 | 1.9% | 11 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $8.9M | 176,553 | 1.8% | 18 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $8.8M | 12,192 | 1.8% | 31 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $8.8M | 80,628 | 1.8% | 15 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $8.5M | 23,201 | 1.7% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $8.2M | 21,743 | 1.7% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $7.5M | 21,934 | 1.5% | 19 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $7.2M | 24,049 | 1.5% | 11 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $7.0M | 12,466 | 1.4% | 31 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $7.0M | 79,364 | 1.4% | 3 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $6.7M | 5,735 | 1.4% | 9 |
| VANGUARD BD INDEX FDS | [VUSB](https://holderbook.com/stocks/VUSB/) | $6.7M | 135,343 | 1.4% | 20 |
| HARBOR ETF TRUST | [HGER](https://holderbook.com/stocks/HGER/) | $6.2M | 211,066 | 1.2% | 7 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $5.9M | 37,469 | 1.2% | 31 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $5.3M | 50,991 | 1.1% | 18 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $4.8M | 14,687 | 1.0% | 31 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $4.7M | 67,973 | 0.9% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $4.6M | 4,876 | 0.9% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $4.5M | 8,917 | 0.9% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $4.3M | 12,660 | 0.9% | 31 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $4.2M | 58,963 | 0.8% | 31 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $4.2M | 52,481 | 0.8% | 9 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $4.2M | 50,768 | 0.8% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $4.2M | 32,439 | 0.8% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $4.0M | 3,314 | 0.8% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $4.0M | 23,867 | 0.8% | 31 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $3.8M | 22,416 | 0.8% | 7 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $3.8M | 12,605 | 0.8% | 19 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $3.8M | 34,431 | 0.8% | 31 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $3.8M | 8,785 | 0.8% | 10 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $3.7M | 1,874 | 0.8% | 26 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $3.7M | 9,893 | 0.7% | 27 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $3.7M | 7,208 | 0.7% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $3.6M | 8,400 | 0.7% | 7 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $3.5M | 13,755 | 0.7% | 31 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $3.4M | 3,501 | 0.7% | 18 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $3.3M | 29,515 | 0.7% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $3.3M | 9,628 | 0.7% | 31 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $3.1M | 31,596 | 0.6% | 15 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $3.1M | 4,037 | 0.6% | 26 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $3.0M | 14,179 | 0.6% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.9M | 11,341 | 0.6% | 28 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.7M | 48,026 | 0.6% | 31 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $2.6M | 5,275 | 0.5% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $2.6M | 17,377 | 0.5% | 31 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $2.6M | 25,636 | 0.5% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.6M | 7,357 | 0.5% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $2.5M | 5,317 | 0.5% | 5 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $2.5M | 34,372 | 0.5% | 15 |
| VIKING HOLDINGS LTD | [VIK](https://holderbook.com/stocks/VIK/) | $2.5M | 23,882 | 0.5% | 6 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $2.5M | 33,077 | 0.5% | 21 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $2.5M | 6,661 | 0.5% | 10 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $2.4M | 5,748 | 0.5% | 10 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $2.4M | 3,154 | 0.5% | 31 |
| ATI INC | [ATI](https://holderbook.com/stocks/ATI/) | $2.4M | 11,925 | 0.5% | 14 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $2.3M | 6,345 | 0.5% | 25 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $2.2M | 22,822 | 0.4% | 15 |
| SPDR INDEX SHS FDS | [QEFA](https://holderbook.com/stocks/QEFA/) | $2.1M | 22,063 | 0.4% | 13 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $2.1M | 14,949 | 0.4% | 10 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $2.1M | 9,333 | 0.4% | 31 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $2.0M | 12,931 | 0.4% | 31 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $2.0M | 14,938 | 0.4% | 27 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $2.0M | 11,426 | 0.4% | 10 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $2.0M | 7,371 | 0.4% | 31 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $2.0M | 24,727 | 0.4% | 9 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $2.0M | 22,401 | 0.4% | 30 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $1.9M | 19,344 | 0.4% | 8 |
| AFFIRM HLDGS INC | [AFRM](https://holderbook.com/stocks/AFRM/) | $1.9M | 23,642 | 0.4% | 2 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $1.9M | 2,644 | 0.4% | 14 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.8M | 13,497 | 0.4% | 31 |
| SHARKNINJA INC | [SN](https://holderbook.com/stocks/SN/) | $1.8M | 11,961 | 0.4% | 3 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.8M | 6,735 | 0.4% | 31 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $1.8M | 1,289 | 0.4% | 22 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.8M | 12,096 | 0.4% | 20 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $1.7M | 13,504 | 0.3% | 31 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.7M | 7,886 | 0.3% | 15 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $1.7M | 18,161 | 0.3% | 31 |
| SONOCO PRODS CO | [SON](https://holderbook.com/stocks/SON/) | $1.7M | 29,869 | 0.3% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.6M | 12,068 | 0.3% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.6M | 11,141 | 0.3% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.6M | 1,530 | 0.3% | 31 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $1.6M | 6,600 | 0.3% | 31 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $1.6M | 17,937 | 0.3% | 10 |
| ISHARES INC | [EWZ](https://holderbook.com/stocks/EWZ/) | $1.6M | 46,804 | 0.3% | 12 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $1.6M | 22,131 | 0.3% | 29 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $1.6M | 14,427 | 0.3% | 2 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.6M | 16,493 | 0.3% | 31 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $1.6M | 6,178 | 0.3% | 16 |
| INVESCO EXCH TRADED FD TR II | [BKLN](https://holderbook.com/stocks/BKLN/) | $1.6M | 77,088 | 0.3% | 2 |
| SPDR SERIES TRUST | [CWB](https://holderbook.com/stocks/CWB/) | $1.6M | 14,431 | 0.3% | 5 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $1.6M | 3,054 | 0.3% | 31 |
| CLEAN HARBORS INC | [CLH](https://holderbook.com/stocks/CLH/) | $1.5M | 5,128 | 0.3% | 15 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $1.5M | 13,356 | 0.3% | 31 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $1.5M | 18,572 | 0.3% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +13.3% | +14.8% | -1.5% | 100% |
| Q1 2026 | -2.3% | -4.6% | +2.4% | 100% |
| Q4 2025 | +1.0% | +2.4% | -1.4% | 100% |
| Q3 2025 | +6.2% | +7.8% | -1.7% | 100% |
| Q2 2025 | +11.3% | +10.5% | +0.9% | 100% |
| Q1 2025 | -4.2% | -4.6% | +0.4% | 100% |
| Q4 2024 | +0.9% | +2.1% | -1.2% | 100% |
| Q3 2024 | +3.8% | +5.4% | -1.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $496.3M | 780 |
| Q1 2026 | $449.2M | 732 |
| Q4 2025 | $459.6M | 731 |
| Q3 2025 | $444.7M | 670 |
| Q2 2025 | $414.2M | 671 |
| Q1 2025 | $376.5M | 651 |
| Q4 2024 | $396.4M | 651 |
| Q3 2024 | $392.9M | 643 |
| Q2 2024 | $375.6M | 628 |
| Q1 2024 | $364.3M | 604 |
| Q4 2023 | $333.6M | 407 |
| Q3 2023 | $306.0M | 432 |