# NORDEN GROUP LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1990699. Source: https://holderbook.com/funds/1990699-norden-group-llc/

- Reported value: $1.2B
- Positions: 701
- Weight of the ten largest: 26.4%
- 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/) | $60.1M | 207,791 | 4.9% | 12 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $56.8M | 283,694 | 4.7% | 12 |
| PGIM ETF TR | [PAAA](https://holderbook.com/stocks/PAAA/) | $56.3M | 1,098,908 | 4.6% | 9 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $27.4M | 73,497 | 2.2% | 12 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $24.6M | 68,855 | 2.0% | 12 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $22.9M | 96,018 | 1.9% | 12 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $22.5M | 30,098 | 1.8% | 10 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $19.7M | 52,256 | 1.6% | 12 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $16.3M | 178,357 | 1.3% | 8 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $15.7M | 13,580 | 1.3% | 11 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $14.5M | 40,973 | 1.2% | 10 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $14.4M | 200,635 | 1.2% | 10 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $14.1M | 82,756 | 1.2% | 5 |
| LAMAR ADVERTISING CO | [LAMR](https://holderbook.com/stocks/LAMR/) | $12.9M | 82,932 | 1.1% | 1 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $12.9M | 223,889 | 1.1% | 12 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $12.8M | 17,364 | 1.0% | 11 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $12.3M | 21,107 | 1.0% | 12 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $12.1M | 16,222 | 1.0% | 12 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $11.9M | 104,500 | 1.0% | 10 |
| EXPEDIA GROUP INC | [EXPE](https://holderbook.com/stocks/EXPE/) | $11.5M | 44,816 | 0.9% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $11.4M | 27,097 | 0.9% | 12 |
| TECHNIPFMC PLC | [FTI](https://holderbook.com/stocks/FTI/) | $11.4M | 171,769 | 0.9% | 12 |
| VODAFONE GROUP PLC | [VOD](https://holderbook.com/stocks/VOD/) | $9.7M | 733,596 | 0.8% | 1 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $9.6M | 16,992 | 0.8% | 12 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $9.6M | 13,210 | 0.8% | 12 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $9.3M | 28,371 | 0.8% | 10 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $9.1M | 77,156 | 0.7% | 12 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $9.0M | 20,753 | 0.7% | 7 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $8.8M | 7,327 | 0.7% | 12 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $8.7M | 34,402 | 0.7% | 12 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $8.6M | 17,175 | 0.7% | 12 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $8.3M | 46,136 | 0.7% | 12 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $8.2M | 12,504 | 0.7% | 1 |
| ISHARES TR | [IJT](https://holderbook.com/stocks/IJT/) | $7.3M | 40,837 | 0.6% | 2 |
| FIRST TR EXCHANGE-TRADED FD | [FDN](https://holderbook.com/stocks/FDN/) | $6.7M | 25,185 | 0.5% | 1 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $6.6M | 47,020 | 0.5% | 12 |
| ALPS ETF TR | [AMLP](https://holderbook.com/stocks/AMLP/) | $6.6M | 126,369 | 0.5% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $6.4M | 18,639 | 0.5% | 12 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $6.1M | 16,429 | 0.5% | 10 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $6.0M | 43,990 | 0.5% | 12 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $5.8M | 45,186 | 0.5% | 12 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $5.7M | 5,360 | 0.5% | 10 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $5.7M | 68,604 | 0.5% | 12 |
| CLOUDFLARE INC | [NET](https://holderbook.com/stocks/NET/) | $5.4M | 21,978 | 0.4% | 10 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $5.4M | 94,034 | 0.4% | 12 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $5.2M | 44,044 | 0.4% | 10 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $5.1M | 4,350 | 0.4% | 5 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $5.1M | 9,924 | 0.4% | 12 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $5.1M | 5,437 | 0.4% | 12 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $5.0M | 19,879 | 0.4% | 12 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $4.9M | 26,066 | 0.4% | 12 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $4.9M | 68,939 | 0.4% | 12 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $4.8M | 59,392 | 0.4% | 12 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $4.8M | 16,051 | 0.4% | 12 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $4.7M | 92,705 | 0.4% | 12 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $4.5M | 107,240 | 0.4% | 12 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $4.4M | 14,532 | 0.4% | 11 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $4.2M | 14,014 | 0.3% | 9 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $4.1M | 9,711 | 0.3% | 10 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $4.1M | 15,945 | 0.3% | 12 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $4.0M | 24,019 | 0.3% | 12 |
| SUNRUN INC | [RUN](https://holderbook.com/stocks/RUN/) | $4.0M | 296,500 | 0.3% | 12 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $3.9M | 31,176 | 0.3% | 12 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $3.8M | 10,471 | 0.3% | 12 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $3.8M | 1,905 | 0.3% | 12 |
| VANECK ETF TRUST | [RAAX](https://holderbook.com/stocks/RAAX/) | $3.8M | 95,114 | 0.3% | 2 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $3.8M | 36,348 | 0.3% | 12 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $3.7M | 72,555 | 0.3% | 12 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $3.5M | 23,755 | 0.3% | 12 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $3.4M | 30,206 | 0.3% | 12 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $3.4M | 25,215 | 0.3% | 12 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $3.4M | 22,852 | 0.3% | 12 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $3.2M | 1,415 | 0.3% | 2 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $3.2M | 39,977 | 0.3% | 1 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $3.2M | 52,190 | 0.3% | 10 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $3.2M | 9,242 | 0.3% | 11 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $3.1M | 14,722 | 0.3% | 12 |
| NEOS ETF TRUST | [QQQI](https://holderbook.com/stocks/QQQI/) | $3.0M | 52,587 | 0.2% | 5 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $3.0M | 33,976 | 0.2% | 10 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $2.9M | 3,796 | 0.2% | 10 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $2.9M | 28,294 | 0.2% | 12 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.8M | 7,825 | 0.2% | 12 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $2.7M | 20,013 | 0.2% | 10 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $2.7M | 14,783 | 0.2% | 12 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $2.7M | 12,164 | 0.2% | 12 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $2.7M | 9,855 | 0.2% | 10 |
| ISHARES TR | [HDV](https://holderbook.com/stocks/HDV/) | $2.7M | 97,665 | 0.2% | 8 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $2.7M | 46,278 | 0.2% | 12 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $2.7M | 5,598 | 0.2% | 10 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $2.6M | 22,463 | 0.2% | 7 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $2.6M | 28,238 | 0.2% | 8 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $2.6M | 11,504 | 0.2% | 10 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $2.6M | 14,493 | 0.2% | 11 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $2.5M | 26,277 | 0.2% | 12 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $2.5M | 50,043 | 0.2% | 8 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $2.5M | 4,761 | 0.2% | 7 |
| VANECK FDS | [NODE](https://holderbook.com/stocks/NODE/) | $2.5M | 56,604 | 0.2% | 2 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $2.4M | 19,163 | 0.2% | 12 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $2.4M | 8,910 | 0.2% | 12 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $2.4M | 23,161 | 0.2% | 12 |

## 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 | +13.9% | +14.8% | -1.0% | 100% |
| Q1 2026 | -3.2% | -4.6% | +1.4% | 100% |
| Q4 2025 | +1.1% | +2.4% | -1.2% | 100% |
| Q3 2025 | +5.7% | +7.8% | -2.1% | 100% |
| Q2 2025 | +7.3% | +10.5% | -3.1% | 100% |
| Q1 2025 | -2.4% | -4.6% | +2.1% | 100% |
| Q4 2024 | +1.4% | +2.1% | -0.8% | 100% |
| Q3 2024 | +4.5% | +5.4% | -0.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.2B | 701 |
| Q1 2026 | $1.0B | 615 |
| Q4 2025 | $1.0B | 605 |
| Q3 2025 | $984.2M | 573 |
| Q2 2025 | $921.2M | 555 |
| Q1 2025 | $868.9M | 531 |
| Q4 2024 | $884.2M | 526 |
| Q3 2024 | $847.3M | 510 |
| Q2 2024 | $494.8M | 404 |
| Q1 2024 | $492.3M | 407 |
| Q4 2023 | $581.0M | 277 |
| Q3 2023 | $304.0M | 261 |