# NDVR, Inc.

> Institutional holdings reported to the SEC as of Q4 2025 on Form 13F. CIK 2011247. Source: https://holderbook.com/funds/2011247-ndvr-inc/

- Reported value: $120.5M
- Positions: 121
- Weight of the ten largest: 66.1%
- Filed: 2026-02-12

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 |
|---|---|---|---|---|---|
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $28.6M | 458,244 | 23.8% | 9 |
| HUBSPOT INC | [HUBS](https://holderbook.com/stocks/HUBS/) | $9.9M | 24,747 | 8.2% | 9 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $9.6M | 178,573 | 8.0% | 9 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $6.4M | 63,694 | 5.3% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $5.9M | 25,367 | 4.9% | 9 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $4.8M | 56,736 | 4.0% | 5 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $4.4M | 9,151 | 3.7% | 9 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $3.8M | 11,290 | 3.1% | 9 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $3.2M | 17,185 | 2.7% | 9 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.0M | 11,113 | 2.5% | 9 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.8M | 2,948 | 1.5% | 9 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $1.8M | 19,993 | 1.5% | 9 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.5M | 4,689 | 1.2% | 9 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.3M | 4,004 | 1.0% | 9 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.1M | 3,251 | 0.9% | 6 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $965.1K | 1,462 | 0.8% | 9 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $909.1K | 8,160 | 0.8% | 9 |
| EPAM SYS INC | [EPAM](https://holderbook.com/stocks/EPAM/) | $819.5K | 4,000 | 0.7% | 9 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $785.7K | 32,682 | 0.7% | 7 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $732.1K | 2,272 | 0.6% | 9 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $691.7K | 1,538 | 0.6% | 5 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $586.1K | 8,719 | 0.5% | 9 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $543.8K | 506 | 0.5% | 7 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $520.7K | 2,279 | 0.4% | 9 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $518.4K | 4,307 | 0.4% | 9 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $478.5K | 952 | 0.4% | 8 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $411.2K | 2,677 | 0.3% | 9 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $396.7K | 1,131 | 0.3% | 4 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $383.9K | 468 | 0.3% | 9 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $374.0K | 3,047 | 0.3% | 5 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $365.4K | 1,778 | 0.3% | 9 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $364.1K | 1,599 | 0.3% | 9 |
| HARTFORD INSURANCE GROUP INC | [HIG](https://holderbook.com/stocks/HIG/) | $362.8K | 2,633 | 0.3% | 9 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $357.8K | 4,408 | 0.3% | 4 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $357.6K | 1,233 | 0.3% | 8 |
| FOX CORP | [FOXA](https://holderbook.com/stocks/FOXA/) | $351.8K | 4,815 | 0.3% | 4 |
| LEIDOS HOLDINGS INC | [LDOS](https://holderbook.com/stocks/LDOS/) | $345.1K | 1,913 | 0.3% | 6 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $341.9K | 3,424 | 0.3% | 1 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $340.5K | 1,008 | 0.3% | 9 |
| FOX CORP | [FOX](https://holderbook.com/stocks/FOX/) | $334.9K | 5,158 | 0.3% | 4 |
| LAUREATE ED INC | [LAUR](https://holderbook.com/stocks/LAUR/) | $334.8K | 9,944 | 0.3% | 2 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $329.7K | 3,300 | 0.3% | 1 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $329.7K | 13,271 | 0.3% | 4 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $329.3K | 890 | 0.3% | 6 |
| MGIC INVT CORP WIS | [MTG](https://holderbook.com/stocks/MTG/) | $326.1K | 11,161 | 0.3% | 9 |
| LOEWS CORP | [L](https://holderbook.com/stocks/L/) | $324.6K | 3,082 | 0.3% | 9 |
| MUELLER INDS INC | [MLI](https://holderbook.com/stocks/MLI/) | $324.5K | 2,827 | 0.3% | 9 |
| EXELIXIS INC | [EXEL](https://holderbook.com/stocks/EXEL/) | $321.4K | 7,333 | 0.3% | 3 |
| OLD REP INTL CORP | [ORI](https://holderbook.com/stocks/ORI/) | $312.6K | 6,849 | 0.3% | 9 |
| MERCURY GENL CORP NEW | [MCY](https://holderbook.com/stocks/MCY/) | $312.6K | 3,323 | 0.3% | 3 |
| INTERDIGITAL INC | [IDCC](https://holderbook.com/stocks/IDCC/) | $311.4K | 978 | 0.3% | 9 |
| HURON CONSULTING GROUP INC | [HURN](https://holderbook.com/stocks/HURN/) | $311.2K | 1,800 | 0.3% | 4 |
| DOLLAR TREE INC | [DLTR](https://holderbook.com/stocks/DLTR/) | $304.9K | 2,479 | 0.3% | 1 |
| FEDERATED HERMES INC | [FHI](https://holderbook.com/stocks/FHI/) | $304.1K | 5,841 | 0.3% | 4 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $301.4K | 1,448 | 0.3% | 4 |
| COCA COLA CONS INC | [COKE](https://holderbook.com/stocks/COKE/) | $301.4K | 1,966 | 0.3% | 9 |
| UNITED THERAPEUTICS CORP DEL | [UTHR](https://holderbook.com/stocks/UTHR/) | $300.1K | 616 | 0.2% | 2 |
| BERKLEY W R CORP | [WRB](https://holderbook.com/stocks/WRB/) | $298.4K | 4,256 | 0.2% | 8 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $297.4K | 1,557 | 0.2% | 2 |
| PROGYNY INC | [PGNY](https://holderbook.com/stocks/PGNY/) | $290.6K | 11,318 | 0.2% | 1 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $288.3K | 591 | 0.2% | 2 |
| CSG SYS INTL INC | [CSGS](https://holderbook.com/stocks/CSGS/) | $288.0K | 3,755 | 0.2% | 1 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $286.2K | 613 | 0.2% | 1 |
| FRONTDOOR INC | [FTDR](https://holderbook.com/stocks/FTDR/) | $286.0K | 4,958 | 0.2% | 3 |
| SYNCHRONY FINANCIAL | [SYF](https://holderbook.com/stocks/SYF/) | $280.3K | 3,360 | 0.2% | 1 |
| UNUM GROUP | [UNM](https://holderbook.com/stocks/UNM/) | $270.3K | 3,488 | 0.2% | 8 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $270.1K | 4,911 | 0.2% | 1 |
| GLOBE LIFE INC | [GL](https://holderbook.com/stocks/GL/) | $265.5K | 1,898 | 0.2% | 1 |
| INCYTE CORP | [INCY](https://holderbook.com/stocks/INCY/) | $264.8K | 2,681 | 0.2% | 1 |
| SIMPLIFY EXCHANGE TRADED FUN | [CTA](https://holderbook.com/stocks/CTA/) | $264.7K | 9,712 | 0.2% | 1 |
| ASSURANT INC | [AIZ](https://holderbook.com/stocks/AIZ/) | $264.0K | 1,096 | 0.2% | 5 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $263.0K | 4,210 | 0.2% | 8 |
| NEWMARKET CORP | [NEU](https://holderbook.com/stocks/NEU/) | $260.5K | 379 | 0.2% | 3 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $260.1K | 878 | 0.2% | 8 |
| FIDELITY NATL FINL INC | [FNF](https://holderbook.com/stocks/FNF/) | $258.5K | 4,735 | 0.2% | 8 |
| HANOVER INS GROUP INC | [THG](https://holderbook.com/stocks/THG/) | $257.5K | 1,409 | 0.2% | 1 |
| GRAND CANYON ED INC | [LOPE](https://holderbook.com/stocks/LOPE/) | $256.3K | 1,541 | 0.2% | 9 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $256.0K | 1,237 | 0.2% | 1 |
| EXPEDIA GROUP INC | [EXPE](https://holderbook.com/stocks/EXPE/) | $254.1K | 897 | 0.2% | 1 |
| EMCOR GROUP INC | [EME](https://holderbook.com/stocks/EME/) | $253.9K | 415 | 0.2% | 9 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $250.6K | 4,645 | 0.2% | 1 |
| CAL MAINE FOODS INC | [CALM](https://holderbook.com/stocks/CALM/) | $247.9K | 3,115 | 0.2% | 5 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $246.8K | 3,077 | 0.2% | 2 |
| ENOVA INTL INC | [ENVA](https://holderbook.com/stocks/ENVA/) | $243.0K | 1,546 | 0.2% | 1 |
| SUPERNUS PHARMACEUTICALS | [SUPN](https://holderbook.com/stocks/SUPN/) | $242.2K | 4,873 | 0.2% | 2 |
| CROWN HLDGS INC | [CCK](https://holderbook.com/stocks/CCK/) | $242.0K | 2,350 | 0.2% | 1 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $241.3K | 3,133 | 0.2% | 9 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $241.1K | 352 | 0.2% | 3 |
| US FOODS HLDG CORP | [USFD](https://holderbook.com/stocks/USFD/) | $240.0K | 3,187 | 0.2% | 1 |
| BORGWARNER INC | [BWA](https://holderbook.com/stocks/BWA/) | $240.0K | 5,327 | 0.2% | 1 |
| HALOZYME THERAPEUTICS INC | [HALO](https://holderbook.com/stocks/HALO/) | $239.7K | 3,561 | 0.2% | 1 |
| COVISTA INC | [CVSA](https://holderbook.com/stocks/CVSA/) | $239.4K | 2,314 | 0.2% | 5 |
| MONARCH CASINO & RESORT INC | [MCRI](https://holderbook.com/stocks/MCRI/) | $239.2K | 2,499 | 0.2% | 1 |
| PJT PARTNERS INC | [PJT](https://holderbook.com/stocks/PJT/) | $237.3K | 1,419 | 0.2% | 6 |
| HCI GROUP INC | [HCI](https://holderbook.com/stocks/HCI/) | $236.9K | 1,236 | 0.2% | 2 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $235.8K | 413 | 0.2% | 2 |
| GULFPORT ENERGY CORP | [GPOR](https://holderbook.com/stocks/GPOR/) | $234.0K | 1,125 | 0.2% | 8 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $233.7K | 1,199 | 0.2% | 2 |
| EXPEDITORS INTL WASH INC | [EXPD](https://holderbook.com/stocks/EXPD/) | $233.1K | 1,564 | 0.2% | 2 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $232.8K | 1,645 | 0.2% | 1 |

## 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 |
|---|---|---|---|---|
| Q4 2025 | +0.8% | +2.4% | -1.6% | 100% |
| Q3 2025 | +3.3% | +7.8% | -4.6% | 100% |
| Q2 2025 | +8.1% | +10.5% | -2.4% | 100% |
| Q1 2025 | -3.5% | -4.6% | +1.0% | 100% |
| Q4 2024 | +4.9% | +2.1% | +2.7% | 100% |
| Q3 2024 | +2.7% | +5.4% | -2.7% | 100% |
| Q2 2024 | -1.0% | +4.0% | -5.0% | 100% |
| Q1 2024 | +7.9% | +10.0% | -2.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2025 | $120.5M | 121 |
| Q3 2025 | $120.0M | 115 |
| Q2 2025 | $106.7M | 103 |
| Q1 2025 | $98.0M | 102 |
| Q4 2024 | $104.5M | 102 |
| Q3 2024 | $97.5M | 103 |
| Q2 2024 | $96.1M | 92 |
| Q1 2024 | $104.8M | 106 |
| Q4 2023 | $83.4M | 69 |